6min chapter

The Natural State with Dr. Anthony Gustin cover image

149: Dr. Saifedean Ammous - Cryptocurrency, The History of Money, Addressing Bitcoin’s Energy Usage, and More

The Natural State with Dr. Anthony Gustin

CHAPTER

Bitcoin Is a Decentralized Network That Has No Administrators

Bitcoin has never had an authority that has been able to continue to command it. Satoshi, the man who established Bitcoin, disappeared a year or almost two years into the existence of Bitcoin. He just disappeared and nobody's heard of him since from him in more than 10 years now. And this monster has grown without him. It's gone in the jungle without its parents and it's grown. Now it's a grown man and it's able to survive without its parents. So we can very confidently say that nobody's going to be able to control Bitcoin. The code has changed but the most important consensus parameters have not been changed. We've never seen anything like it.

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