The Naturalness of Bitcoin: Genetic Code Analogy

admin Bitcoin, Bitcoin For Beginners, Blockchain, Cryptocurrency 0 Comments

A friend of mine asked me some time ago, “Why do you need to understand it [the blockchain] so badly?” He is a software developer, and I have a background in humanities; so it’s always been interesting to me to understand the ‘technician’s way of reasoning’. This time, I was bugging him with some blockchain-related aspects, such as the genesis block and the coinbase transaction (the first transaction in a new block). I was trying to understand where the input in the block’s original transaction was — I believed the principle should be ‘nothing comes from nowhere or goes nowhere’. My friend said that there was no universal meaning, and that the technology behind Bitcoin is the way it is just because its creator wanted it like this. Coinbase transaction is really a transaction with no input — just because it’s a part of design. The models That friend of mine thought I was some kind of a fanatic who believes in a greater purpose of something without even understanding it properly. The last part is true — I’m just learning — it’s also true that I don’t see the Bitcoin as a universal solution, or blockchain as a universal …