CoinDesk·4 min read·medium
Bitcoin's BIP-110 episode is free-market capitalism in purest form
O
Omkar Godbole
✦AI Summary
The failed Bitcoin Improvement Proposal (BIP-110) is presented as a successful example of free-market principles in action within a decentralized network. The author argues that Bitcoin's ability to reject unwanted changes through consensus demonstrates a superior model compared to government-managed economies.
Whether bitcoin BTC $ 65,013.65 works better as a store of value or a payments mechanism can be debated. But one of its core appeals, its radically free-market, permissionless design, is not. The BIP-110 saga put that design on full display.
cryptoeconomytechnology
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