Part 4/14:
A recurring theme is that Bitcoin defies any simple categorization. While often called "digital gold," Bitcoin also encompasses data storage, cultural significance, technological innovation, and even social constructs. The debate lies in what qualifies as the "essence" of Bitcoin—money, data, software, or societal movement?
One speaker emphasizes that Bitcoin is fundamentally a system that continually evolves, with even its creator, Satoshi Nakamoto, making mistakes or not fully understanding certain dynamics from the start. For instance, Satoshi's White Paper suggests taking the longest chain, but later realization proved that heaviest chain (proof-of-work) is more accurate, signifying that even the founding figures did not have all answers from the beginning.