The Bitcoin (BTC) journey from a radical experiment to billion assets of dollars was powered by great narratives: digital gold, decentralized money and an alternative financial system. Apart from the noise, how does Bitcoin remain faithful to its basic values?
This is the main topic of the latest episode Clear Crypto podcastWhere the hosts Nathan Jeffay and Gareth Jenkinson join Charlie Spears, co -founder of BlockSpace Media, to unpack the evolutionary role of Bitcoin in the global financial system.
Bitcoin’s evolution
From the very beginning, Bitcoin has been designed as a decentralized alternative to classic money.
But as the adoption increases, also a debate on its scalability and usability. Jenkinson began the conversation, explaining the origin of the original cryptocurrency and how it changed over time:
“It started as digital gold and electronic money, and it was supposed to be like this. And therefore there is a change towards scaling and various transactional possibilities that people want to introduce to the network.”
The discussion emphasizes the growing importance of layer 2 solutions, such as Lightning Network, which is aimed at making bitcoins practical for daily transactions by enabling users of transactions in satoshis-reliable Bitcoin-Zamiast classic currencies.
Related: 4 Key Bitcoin indicators suggest that the price of BTC 80,000 USD is a discount
Basic principles of bitcoin
Debates on the subject of Bitcoin often focus on his philosophical roots. Some purists say that all the risk of modifications that change the essence of what makes Bitcoin unique.
Others perceive thoughtful updates as a way to strengthen their role of the global financial system. Spears compares this with the interpretation of historical texts:
“Reading what Satoshi wrote years ago is like the analysis of the words of the founding fathers. The world is changing and we must decide what it means to Bitcoin.”
The discussion emphasizes how some proposed updates are not modern, but initially have been removed as precautions. Now, in the case of Bitcoin maturity, developers are considering their restoration to improve functionality.
“Bitcoin is in the hands of its users,” emphasizes Spears. “We can decide what it should be, just like those who were there 15 years ago.”
When Bitcoin is still developing Clear Crypto podcast He crosses the noise to conduct in -depth conversations about where it is going.
Hear a full conversation Clear Crypto podcastListen to the full episode on the Cointelegraph Podcaste website, Apple podcasts Or Spotify. And don’t forget to check the full offer of other Cointelegraph programs!
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