Letter #192: When It Comes To Bitcoin, Developers Are Just Like You And Me

Read now to learn how Bitcoin developers have no more power over the blockchain than any other user.

Dear Readers,

Understanding Bitcoin can sometimes seem like a Herculean task. After all, no currency that preceded Bitcoin, nor any currency that came after it, is quite like Bitcoin in uniqueness or monetary strength. Not to mention that learning about Bitcoin exposes the learner to deep principles of finance, economics, cryptography, philosophy, and a number of other fields of critical importance in today’s world.

That said, not everyone needs to be an expert on all things Bitcoin in order to understand the basics of how it works and to benefit from using it. There are a host of quality educational tools out there, and I make as much knowledge available as I can here on HiFi Bitcoin. So those who categorically mischaracterize aspects of Bitcoin or Bitcoin as a whole do so with an apparent lack of any simple attempt to understand what Bitcoin really is and how it really works.