1/ Bitcoin tries to solve integrity / nonrepudiation / authenticity problems. I.e. problems in cryptographic domain.
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Replying to @generativist
4/ So, Bitcoin solves cryptographic problems by creating incentives that solve the collective action problem of resource allocation.
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Replying to @generativist
The collective action problem solved is network transmission. Resources aren't allocated in a way that provides a public good.
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Replying to @Revolut_io @generativist
And it's solved by fin. incentive, but there's a second collective action problem there, i.e. a critical mass believing in BTC
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Replying to @Revolut_io @generativist
And THAT's solved by ideology & cult-like thinking. The incentive is utopian visions & the peace that comes w simplified world
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Yea, that's the social exploit, I think though. Like, BTC facilitates cool things. But, had a bootstrapping problem.
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