I’m trying to create a basic , repeatable, first principles, layman’s definition of Bitcoin. Solely describing its design. Is this it? Would love some constructive feedback.
Bitcoin is digital money open to all, controlled by no one. It runs on fixed rules written in code, and its transaction history can’t be changed because the network secures it with computing power. It works because people work together to follow and uphold its rules.
The first sound unit of exchange ever which was engineered by humanity. A digital asset backed by energy itself in the format of a perfectly optimised headless protocol cryptographically enforcing its own rules of engagement and esuring fixed supply while running on the largest and most secure decentralized computer network in the world.
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