Part 4/7:
Following anger, the industry and regulators often enter a bargaining stage. Andreas explains that during this phase, there's an attempt to salvage control by adopting blockchain technology—without embracing the core properties of Bitcoin itself. Phrases like "Bitcoin is not that interesting. Blockchains are really interesting. We should do 'blockchain,' but without all that Bitcoin does" exemplify this mindset. The debate revolves around integrating blockchain into existing systems, hoping to retain control and avoid disruptive change. However, Andreas argues this approach is flawed because blockchain technology's power lies precisely in its decentralization, openness, and resistance to censorship, which cannot be selectively preserved.