I can't believe how good the game theory of Bitcoin is. Amazes me everyday.
The block size
The supply cap
The difficulty adjustment (absolute genius)
The ~10min block intervals
The fee market
The private/public keys
The UTXO set
The p2p network
The adversarial and anti-fragile nature of it all
Just incredible foresight. Never seen anything like it before.
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Replies (18)
Almost alien 👽
This is why I’ll stick with John Nash being Satoshi. It’s almost so good that a total master of game theory would need to think it up…
You can’t unsee it 😳
I think its one of those things that's so brilliant, the original author(s) didn't have a concrete idea of what they're creating. Only with time did people figure out how elegant and perfectly integrated everything is.
The US Constitution is another such example of prescience. Getting tested now too though.
So many years of work form so many different people rolled into just the right package to create something so perfect.
It’s so hard to understand the amount of foresight that went into it.
Everything even the dates for the white paper & Genesis block. Everything has its meaning.
It is just short of being as perfect as nature itself.
This is because…T I M E T R A V E L
💯💯💯💯💯
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Genius
The proof of work
So well said.
Sometimes I just sit and wonder about it..for hours. Combination of all those elements that existed and were invented/developed before Satoshi came and added the final pieces and glued it all together is purely genius.
#bitcoin history has to be taught more..I mean all #cypherpunks who worked on digital cash and encryption..the true Pioneers.
David Chaum
Adam Back
Nick Szabo
and many more...
Took 40+ years to develop
The fact that the halving occur on election years always seems serendipitous to me
Chancellor on brink of second bailout for banks.
It didn’t have to work. But it did.
Epic reference.
a true cross-disciplinary masterpiece