RATE Group | What Bitcoin’s White Paper Got Right, Wrong and What We Still Don’t Know
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What Bitcoin’s White Paper Got Right, Wrong and What We Still Don’t Know

30 Oct What Bitcoin’s White Paper Got Right, Wrong and What We Still Don’t Know

Posted at 10:11h in Bitcoin News by

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Joseph Bonneau is an assistant professor at New York University and co-author of “Bitcoin and Cryptocurrency Technologies,” a popular textbook. 

This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series.

The Bitcoin white paper has been, rightfully, recognized as one of the most original and influential computer science papers in history.

We all know how it has launched a $1 billion industry and thousands of follow-up research papers.

But it’s worth turning a critical eye on the paper (and original Bitcoin design for things not mentioned explicitly in the paper) and asking: how much did the paper get right? How much did it get wrong? And how much of the paper do we still not know the answer to?

What Bitcoin got right

In a sense, this is the hardest category to assess.

One mark of a truly successful idea is that it people forget how people looked at the world before that idea came around. Many of the most fundamental contributions of…

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