The attached paper was shared recently on Twitter by Pierre Rochard of Riot Platforms. It is an excellent primer on Bitcoin and overview of some of the financial, technical, and economic issues surrounding its adoption and development. I have taken the liberty of combining the screen grabs Rochard shared on Twitter into a single pdf file. I’m assuming he won’t mind.
Bitcoin is not going anywhere, as it is a superior global medium of exchange, store of value, and digital asset. We must realize that there is Bitcoin and its 2nd layer transactional network known as Lightning, and then everything else. All other other “cryptocurrencies” are either failed “altcoins” (a.k.a. shitcoins), scams, or unregistered securities.
Bitcoin is the first, and still the only, fully digital commodity. New applications are being developed every day in an open source environment.