Part 9/12:
This immutable record opens possibilities for blockchain archaeology, where future generations could study early transactions and key figures in Bitcoin's history. The blockchain thus becomes a universal, enduring artifact of civilization's financial history.
Challenges and Future Outlook
The speaker acknowledges issues such as fungibility, privacy, and regulation:
Fungibility: Bitcoin's transparency can threaten privacy; efforts are underway to improve anonymous transactions.
Regulation and Blacklisting: Censorship via blacklists can undermine Bitcoin’s resistance to control, sparking debate about balancing security and openness.