Scalable and private blockchains, barbell adoption curves, crypto as a core part of tech, and traction with institutions and governments.
Tech is internationalist, capitalist, decentralized, hyperdeflationary, networked, encrypted, digital, volatile, ambitious, and quietly revolutionary. So is Bitcoin.
There are plenty of unwritten rules when it comes to proposing protocol changes in Bitcoin. Some are philosophical, some are technical, and some are a blend.
Without public key cryptography, Bitcoin would be impossible. It lays the foundation for digital identities and cryptographically enforced property rights.
To understand Bitcoin's consensus mechanism and the concept of proof-of-work, we first have to understand Hashcash.