Bitcoin: Untitled

Abstract

Initially, this was a personal project with the aim of understanding in detail how Bitcoin, that new system destined to revolutionise the digital industry, works. I was surprised to find that there seemed to be certain aspects to which the answers were incomplete, to say the least. My first instinct was to blame my own ignorance. Gradually, I added new concepts to my toolbox to better interpret those ideas that were eluding me. I studied material from conferences, expert panels and listened to all the gurus revered by the industry. However, I felt that I understood less and less. What puzzled me most about Bitcoin was that it seemed to be in a permanent process of repair. This is how I got into what seemed like a fictional novel. A story of betrayal and lies that obscured a world that boasted of offering a new paradigm in the way it worked. Finally, a new way of understanding Bitcoin presented itself to me, and at last, all doubts began to disappear. Along the way, I realised that nothing had truly been misunderstood. Neither had I misinterpreted nor were those original explanations simply mistakes. It could not be a coincidence that thirteen years after the launch of Bitcoin, its very code was literally and figuratively manipulated to represent something that it had not been, was not, and would never be. The information presented here is more than an academic paper, it is a moral duty, and it is addressed to those willing to listen. Never were the words of a wise old man truer: "Ignorance is not a right, but an abuse".