Jameson Lopp, one of the earliest developers in Bitcoin says, “Nobody understands bitcoin, and that’s okay.” Truer words were never spoken.
I’m confident that, with each passing block and each passing year, all eight billion souls on this planet will gain a greater understanding of Bitcoin.
In the interest of adding further clarification, we can say the Bitcoin network is an interconnected web of computers — some we call “miners” and some we call “nodes” — that keep track of every transaction and the millions of ownership units going all the way back to the genesis block on January 3, 2009.
The Bitcoin network doesn’t only keep track of every transaction dating back to the genesis block, it validates that the current block of transactions followed the rules and keeps the chain of unhacked blocks “streak” going until the next block.
Those who claim that Bitcoin wastes energy know not what they say.
Bitcoin miners are not just enabling honest money transactions between two people, they are maintaining an energy force field around a nearly unbreakable monetary system that is not run or controlled by any flag or corporation or person, and this force field grows stronger by the hash and by the block.
So I urge those of you reading this to ponder what we’re witnessing and what keeps setting new records for this network of computers that secures, maintains and supports a peer-to-peer monetary system that is not controlled by any government or corporation or billionaire.