Gwern Branwen personal blog

Bitcoin is Worse is Better

2011 essay on how Bitcoin’s long gestation and early opposition indicates it is an example of the ‘Worse is Better’ paradigm in which an ugly complex design with few attractive theoretical properties compared to purer competitors nevertheless successfully takes over a niche, survives, and becomes gradually refined.
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Crypto & BlockchainSociety, Policy & Culture2013

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Sep 29, 2013Bitcoin is Worse is Better by gwern15250

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