The United States Supreme Court has denied hearing a case involving “stolen” BTC from the formerly prosperous Silk Road marketplace. The decision permits the state to sell the coins valued at around $4 billion USD, but this news and that of a ‘Satoshi reveal’ on HBO still aren’t stopping crypto OGs from ceaselessly developing P2P (peer-to-peer) use cases for bitcoin.
Right off the bat it should be noted: “Bitcoin” for the purposes of this article means the definition written down in Satoshi Nakamoto’s whitepaper. Namely, “A purely peer-to-peer version of electronic cash [that allows] online payments to be sent directly from one party to another without going through a financial institution.” A very punk rock concept, if one will.
“Purely peer-to-peer” is what started this whole disruption called bitcoin that we love, and what enabled the Silk Road to grow so massively in the first place. Suffice it to say for now that massive onchain fees alienating average users, custodial second layers, and government-backed ETFs will not be considered “bitcoin” for the purposes of this article. So if bitcoin cash triggers you, please change the channel.
