Bitcoin = code + market

A class example where political science and IT meet. Listen to Dr. Peter Rizun’s 20 minute presentaties about the effects of SegWit in Bitcoin. Bitcoin is not just programming code. The network is used by rational actors -who sometimes behave irrational though, but in general try to maximize their profits. The rules of the game, in this case the incentives for miners are new coins after finding a block and transaction fees. Take a look at Satoshi’s white paper while listening, Rizun refers to section two. These incentives are decisive in making the miner’s choice how and what coin to mine.