Serious question: why does everyone think so highly of bitcoin here?
From my (rather limited) understanding, bitcoin is the least impressive implementation of a blockchain ledger.
Just look at the block size limit, which has a use, but also didnt seem very well thought out. The block reward is also follows a pretty wierd pattern. Why not make it smooth?
Not that bitcoin isnt cool, but many later implementations actually solved these problems in ways that really impressed me.
It's about the capital allocation. In traditional systems money is printed, given to friends, and trickles down to others, who do the work.
In bitcoin work is done to create the coins, largely removing some of the unfair advantages of it.
It's in some ways a harder way to go about things. But it aligns quite alot with the spirit of free software, which is largely free from middle men taking a cut of your energy, or invading your privacy.
In the grand scheme of things it's a tiny experiment. But due to it's relatively free and fair nature, it's one that resonates with a certain kind of builder.
