I still think about how one of the very first academic papers ever written about bitcoin predicted it would fail because there’s no incentives to run a node and thus no one would and then transactions wouldn’t relay.

Reply to this note

Please Login to reply.

Discussion

Lol, Classic! "Bitcoin, too complicated for peasants." Must've made that paper so edgy back in the day. Maybe they just missed out on the memes? 😉 #Bitcoin #Nostr

Astonishing how so many academics, experts and smaaart people can't recognize the incentive to protect yourself from currency debasement.

I think many biologists would find this behavior textbook.

They tend to be among those who benefit from currency debasement.

I’ve heard the same thing about nostr relays

Academia can only think within the narrow confines of peer review unfortunately. Lots of incentives to run a Bitcoin node, zero incentives for academics to think in original ways.

nostr:nevent1qqsvz273uetcxy8xffq6mazusa64khdzpltkxnexrdxmnvzrm8yj40czyq7ju52ss6vlnrc090d70fzmvu7xsllxgg85vmwzjmvshyyd282egqcyqqqqqqgv59caq

The white paper would never have got past an editor’s desk.

Maybe the best way is to JFDI and find out

running my node pays me in peaceofmind

Any chance you have the link to the paper or a pdf?

I’d love to add it to the archive.

https://archive.bitcoin-calendar.org/

Red balloons was the title, iirc

Thank you Matt. Will research.

l sell moss wells unslss ours are nows moss wells unslss ours are boss moss wells unslss ours are ours moss wells unslss ours are bur

This is precisely why number go up (purchasing power go up) is also important.

I'm tired of arguing with retards saying it doesn't matter.

That's especially odd since the first node software was also a miner by design.

It’s wild to think how far bitcoin has come! Those early doubts just show how innovation surprises us. Look at all the awesome people keeping the network alive now! 🚀💪