Does Bitcoin dream of electronic cash?
The whitepaper's title names a payment system; section 6's gold is an issuance analogy. Satoshi designed one thing — hard issuance, cash use — whose scarcity later tilted it toward digital gold.
Keyword reference — entries that mention this term in body prose.
23 entries reference this keyword in body prose.
The whitepaper's title names a payment system; section 6's gold is an issuance analogy. Satoshi designed one thing — hard issuance, cash use — whose scarcity later tilted it toward digital gold.
Weighing the 'Blockstream controls Bitcoin' charge against the record: where it comes from, the facts behind it, and the counter-facts — Lightning's authorship, funding spread, a shrinking Core role.
Cross-cutting reading of Bitcoin's 2015–2017 block-size war by phase, faction, and turning point: Bitcoin XT, BIP148 UASF, the New York Agreement, Bitcoin Cash, SegWit2x cancellation.
Satoshi's difficulty retarget has an off-by-one: it measures 2,015 blocks instead of 2,016. A hashrate majority can exploit it via timestamp manipulation. The Great Consensus Cleanup proposes a fix.
Cross-cutting architecture comparison across every subsystem: Satoshi's v0.1 (January 2009) side by side with modern Bitcoin Core v27+, with split diagrams and domain tables.
How the Bitcoin ecosystem layers above and around the base chain: Lightning payment channels, federated sidechains, L1 envelope extensions, and mining pool architectures.
Bitcoin's threat model mapped end-to-end: what the protocol trusts, what it defends against, how each attack is countered, and where open risks remain.
How Bitcoin uses elliptic-curve keys, digital signatures, hash functions, and deterministic derivation to secure ownership without trusted third parties.
How Bitcoin's 21 million cap emerges from a geometric halving series, how block rewards transition from subsidy to fees, and how the incentive model sustains honest mining.
How Bitcoin nodes agree on a single chain: SHA-256d proof of work, the difficulty adjustment algorithm, block validation rules, fork resolution, and probabilistic finality.
How Bitcoin blocks are structured, how Merkle trees commit transactions to block headers, and how the most-work chain selection rule resolves forks.
High-level system overview of Bitcoin's architecture, layer model, and data flow. Entry point to a 12-page design-document series covering every major subsystem.
Where Bitcoin's current reality has drifted from Satoshi's design intent: four axes — mining (one-CPU-one-vote to ASIC oligopoly), custody (own keys to exchange IOUs), governance, and scaling.
Why Bitcoin's 2015-2017 fork wars ran as identity contests, not OSS disputes: the post-2011 authority vacuum, the economic weight on rule choices, and the three layers that bound code to currency.
American engineer. Pre-Bitcoin HTTP/2 (SPDY) contributor. Co-founded BitGo (2013) for institutional Bitcoin custody. Signed and then cancelled the New York Agreement / SegWit2x (November 2017).
French software engineer. Bitcoin Core contributor from ~2015, founded Bitcoin ABC, led the 2017 BCH hard fork, defended BCH in the 2018 BSV hash war, led the 2020 split into eCash.
Genealogy of every Bitcoin protocol fork that left a separate chain alive (Bitcoin Cash, SV, Gold) and the adjacent cryptocurrencies derived from Bitcoin (Namecoin, Litecoin, Dogecoin).
Mike Hearn and Gavin Andresen released Bitcoin XT 0.11A, a Bitcoin Core fork implementing BIP 101 — 8 MB blocks doubling every two years. The launch opened the public phase of the block-size war.
Bitcoin Cash forked from Bitcoin at block 478558, mined by ViaBTC around 12:37 UTC. The 8 MB, no-SegWit chain became the first protocol fork to leave a lasting separate network.
Mike Belshe suspended the SegWit2x hard fork on the mailing list, about a week before the planned 2 MB activation at block 494784. The New York Agreement collapsed without a chain split.
Belgian software engineer (sipa), Bitcoin Core committer since 2011. Author/co-author of BIP-32, BIP-141 (SegWit), BIP-340/341 (Schnorr/Taproot). Initiator of libsecp256k1; Blockstream co-founder.
Dutch developer (handle laanwj). Built the original bitcoin-qt GUI; succeeded Gavin Andresen as Bitcoin Core lead maintainer (April 2014 - August 2022); withdrew merge privileges in February 2023.
Mike Hearn published The Resolution of the Bitcoin Experiment, declaring Bitcoin had failed due to governance breakdown and the block-size stalemate. He sold all his coins and left the project.