“This letter is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to subscribe now.”
First things first, the primary function of Bitcoin is to remove the State’s special privilege of debt pardoning through monetary printing. Bitcoin is rules without rulers; a cypherpunk technology that empowers the individual with verifiable financial independence. A peer-to-peer bitcoin transaction is speech. The right to run a node, enforce consensus, and validate economic activity with impeccable fidelity to genesis should be upheld and supported by any person, even if not seeking public office in the most influential regulatory regime on the planet.
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We may never know if Satoshi Nakamoto intended for Bitcoin’s halving cycles to overlay the Presidential elections in the United States, but the game set in motion with the white paper’s release in 2008 has brought us once again to the polls in preparation for the block subsidy gett
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