Here’s an excellent article that should be read and grokked by all who have an interest in cryptocurrency. Nic Carter lays out the design decisions that went into creating Bitcoin, and the reasons Bitcoin implemented the more conservative trade off in each of those design decisions. Why? To create a robust, decentralized network, which enables the entire value proposition: censorship resistant sound money. These are revelations that took me many years to realize condensed into a single, coherent article. Enjoy!