Colin Wu|May 29, 2026 07:15
How Bitcoin has evolved differently from Satoshi Nakamoto's original vision:
1. Electronic cash turned into digital gold, basically unusable for daily payments
2. CPU mining became ASIC mining, with hash power somewhat monopolized by big miners and mining pools
3. Privacy shifted from the envisioned high anonymity to being relatively traceable on-chain
4. Incentives failed to transition to the envisioned reliance on transaction fees
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