MAXI MISNOMER 5

BY FRED BARBER

Maxi: Bitcoin Was First.

Me: Nope. Bitcoin wasn’t even 2nd, 3rd, or 4th but it was the first to successfully use a Proof of Work Protocol in conjunction with other borrowed features inspired by predecessors. Together these features enable the majority of Bitcoin’s “hard money” characteristics as long as the network of full nodes remains robust and financially incentivized. Details matter. Read this clip below directly from the Bitcoin White Paper, before writing me a nasty gram. Yep, Bitcoin has Uncles and Aunties. Get over it. Let’s improve what we have now. Having an open mind is what will help Bitcoin realize its full potential.

Above Satoshi Nakamoto acknowledges inspiration from “Adam Back’s Hashcash” to help build Bitcoin.

Guess what!? Bitcoin has borrowed from crypto currencies that came after it too and that’s ok. Litecoin used the Lightning network before Bitcoin. Developers adapt great ideas from other platforms at times to improve their own programing. It’s natural for any inventor, creator, or invention to follow this path. Bitcoin is no exception. Bitcoin has changed A LOT over the last 15 years and will continue if we don’t pass bad data along like “it’s perfect”, “it’s first”, or “everything else is a scam.” I am a Bitcoiner to the core, but we need to retrain some of the people that are new to the space. The misinformation is out of hand. So, please let the erroneous hype go.

 

 

Maxi-Misnomers

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