Part 6/15:
Key takeaway: Bitcoin's architecture supports permissionless innovation by maintaining a simple, robust core—akin to the internet’s foundational design—placing the power and intelligence at the user and developer level.
The Festival of the Commons and Open Standards
Describe Bitcoin as a "festival of the commons," where open standards and shared resources fuel continuous improvement. Unlike traditional financial systems—built as exclusionary and competitive—Bitcoin’s open-source design allows anyone to contribute, innovate, and benefit collectively.