
The Invisible Incentives Of Bitcoin
□ Dec 01 2021 □
Published
at Bitcoin Magazine
under tags
culture
incentives
marty's bent
mining
When examining why people acquire bitcoin, we find different incentives, more based on preservation of the network than “getting rich.”What incentives does Bitcoin offer? Money accumulation, or is there any greater purpose and incentive for miners securing the network? Mining is a most important process of the Bitcoin network, yet relatively few actually understand it.I recently had the pleasure of...