Introduction One of Bitcoin’s undeniable and frequently touted strengths is its decentralization. It’s often claimed that the Bitcoin network offers levels of decentralization, accessibility, and distribution unmatched by any other cryptocurrency. But just how decentralized is Bitcoin in reality? And how do we go about measuring its decentralization? Before delving into these questions, it’s crucial…
Bitcoin is an ephemeral digital currency. It doesn’t have a physical address, or a specific place you can track it down. It’s everywhere. This is what gives Bitcoin its superpowers, what makes it a truly decentralized and globally accessible monetary network. Your bitcoin isn’t stored in your wallet but at Bitcoin addresses recorded by every…
In the 1997 book The Sovereign Individual, William Rees-Mogg and James Dale Davidson make a convincing case that again and again throughout history, the dominant power of the day was disrupted by new technologies. Advances in agriculture meant that people and their property were often geographically stationary, making them sitting ducks for “specialists in violence”,…