Explains decentralisation, rules without rulers, and why it makes Bitcoin censorship-resistant and antifragile. Covers the blockchain trilemma and Bitcoin's deliberate security-first trade-off, and contrasts Bitcoin with programmable platforms under a winner-takes-most view of money. Closes Track 2.
Bitcoin runs on rules without rulers. This course explains why decentralisation makes the network censorship resistant and antifragile, and uses the blockchain trilemma to show why Bitcoin's deliberate security first trade-offs make it the soundest monetary good rather than just another chain. I contrast Bitcoin, a minimal, deliberately stable monetary network, with programmable platforms like Ethereum, a constantly changing world computer, and explain why money tends toward a winner takes most outcome, so a superior monetary good beats a faster payment network. This closes Track 2 and sets up Track 3, where I cover taking real possession of the asset.
This is educational content, not financial advice.