The Identity Crisis and Governance Paradox of Bitcoin



【Plain Language Guide】Bitcoin is currently facing an identity crisis of "functional positioning": Is it purely electronic cash, or an all-encompassing ledger?

From the scaling wars to non-monetary data disputes, this article delves into Bitcoin's anarchic governance nature.

The core challenge lies in: how to maintain the bottom line of decentralization through bargaining and compromise amid node loss, centralized custody trends, and miner interests.

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