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Bitcoin is a distributed system. This is often frustrating for traditional investors, especially successful ones, who are still learning. The fiat world relies on good people doing good things (who sometimes don't). Bitcoin is not a company. It's is not an industry. And there is no management. It is... show more

Terence Michael

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56,610 Aufrufe • vor 5 Tagen •via X (Twitter)

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"Where are the servers of Bitcoin located?” - Prof Jiang That single question from Jiang shows the misunderstanding immediately. Bitcoin does not run on one company’s servers, Bitcoin runs on a distributed network of nodes spread across the world, which is exactly why it is hard to censor, shut down, or control, plus the mining system on top of it to protect it with energy. When someone frames Bitcoin like a centralized system, they are not critiquing Bitcoin as it is. They are critiquing a version of Bitcoin that exists only in their own confusion.

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This is a common floor system, and there are many good reasons to adopt it. It's not limited only to England in usage.

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