Bitcoin is a Black Hole with Harry Sudock - WBD515

Harry Sudock is a Vice President of Strategy at Griid. In this
interview, we discuss whether Bitcoin’s real innovation is the
fusion of Proof of Work and the difficulty adjustment. This
enables it to exert a gravitational pull that’s disrupting money,
assets, technologies and organising structures.


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Bitcoin's impact on society is far exceeding what anyone could
have envisioned. While its properties as sound money are well
established, the 2nd and 3rd order effects are still being
discovered.


Bitcoin is unique. It's centred on the combination of proof of
work and the difficulty adjustment. These two fundamental parts
of the system incentivise trustless honesty whilst providing
security. In today's digital world with encroaching
authoritarianism, there is no substitute.


Bitcoin's power is having a gravitational pull on the settled
cosmos of modern society, drawing more things into the
singularity of its innovation. If money touches everything in
society, and Bitcoin is the best form of money, it's seemingly
inevitable that Bitcoin will change everything. Bitcoin is a
black hole.