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Is that Why You Struggle to Understand Bitcoin?

Is that Why You Struggle to Understand Bitcoin

Brian Armstrong expressed:  CEOs without a science/engineering background are going to be at a disadvantage in the coming decades I think. Honestly, probably politicians, journalists, and many roles. Software is eating the world, changing every industry.

Luckily, the tools to learn it are available online for free, and are getting better and better. It’s accessible to almost anyone, if they are willing to power through it, and at least learn the basics.

Community response:  Thankfully, you don’t need an engineering degree to do your homework and understand a new concept. So many resources out there for just about anyone to learn anything, with proper motivation.

Gaining knowledge of something new is simply a matter of ones will, at this point. You either desire to learn or you don’t – there are no more barriers. Education is at our fingertips.

I highly doubt it is your engineering background which prevents you from understanding that if the network reaches consensus on a new fork, that is the new network, which we saw in practice with the Ethereum hardfork post-DAO hack.

I honestly do not think the network would ever agree and reach a consensus hardforking to a network that adjusted the monetary policy like that, it would be beyond heretical—but it’s not impossible. The *consensus* is the law. Not the code.

True. Caveat is that classical trained engineers/scientists are often cursed by confined outlook, low risk taking, excessive skepticism, & textbook operations. Innovation often comes from the need to look for shortcuts to make up for shortcomings, leveraging outside knowledge.

This is also a pretty good description of lawyers (as a lawyer). And not being a lawyer has not really hurt one’s leadership abilities, historically speaking. Parallel is interesting too as crypto is supposedly trying to replace law with code (to some extent).

Is that why you struggle to understand Bitcoin?

In my opinion, vision and imagination are also important skill sets that a CEO should have. Technology should be a tool, not a goal, for a CEO according to me. And besides, being a good team player and being able to direct the change is more important as skill sets for a CEO.

Software is eating the world. And knowing how to program/software engineer gives you a strategic advantage over people without that knowledge.

Fully agree. On the 21m and you coding rehearsal, would you agree that this cap could, and most likely, will be changed once it is reached? Miners need their incentives and they can change the code if the majority agree.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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