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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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The Immutability of Bitcoin

I don't know how many times they've had to fix the Bitcoin blockchain when it's drifted apart. And so the alleged immutability of Bitcoin isn't quite what it's claimed to be. There is a social... I mean, it was also proportional to,. you know, how early it was in the system's history, right? Yeah. So there's a social component. Like an act like that. If you were to actually do that today, it could be an existential threat, right? People would just fork it. The parameters can't be frozen just like you can't freeze a genetic sequence and expect that species to continue to make hay, so to speak, evolutionarily

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