A unique application of philosophically-derived mathematics, Bitcoin is a practical, simple and holistic solution to the problems with money.
This is an opinion editorial by Hongumart, a frontline healthcare worker.
Bitcoin is often praised for its innovative design, its resistance to censorship and corruption and its potential to revolutionize the global financial system.
But beyond these practical aspects, Bitcoin also has a deeper philosophical dimension. In this vein, Bitcoin can be seen as an expression of “pure mathematics,” a manifestation of the beauty and elegance of mathematical logic and principles.
Pure mathematics is the study of mathematical concepts independent of any real-world applications. Pure mathematicians are interested in logic, basic principles and the properties and structures of abstract objects, and their findings may originate from practical problems or be put to use for practical solutions, but they are working from a more philosophical viewpoint than applied mathematicians are.
One way that Bitcoin expresses pure math is through its use of algorithms and protocols. Bitcoin relies on a set of rules and procedures that are defined by mathematical equations and functions. These rules and procedures govern how transactions are validated, how new bitcoin are created, how the network reaches consensus and how the system adapts to changing conditions. These algorithms and protocols are transparent, deterministic and verifiable. They ensure that Bitcoin operates in a consistent and predictable manner, regardless of human intervention or manipulation and are ultimately independent of any specific real-world environments or attempts at disruption.
Another way that Bitcoin expresses pure math is through its use of cryptography. Cryptography is the science of encoding and decoding information using math and it is considered by many to be one of the most powerful applications for pure mathematics. Bitcoin uses cryptography to protect the privacy and security of its users and their transactions. For example, Bitcoin uses public-key cryptography to enable users to generate unique digital signatures that prove their ownership of their bitcoin. It also uses hash functions to create cryptographic puzzles that miners have to solve in order to add new blocks to the blockchain. These cryptographic methods are based on well-established mathematical theories and assumptions.
Bitcoin is more than just a currency or a technology. While it is essentially open-source software, its application of pure mathematics also makes it a form of art and expression that showcases the beauty and power of this philosophical field.
By using mathematical logic and principles to create a decentralized and secure system, Bitcoin demonstrates how mathematical concepts developed purely for their philosophical merits can be applied to solve real-world problems and challenges. By using mathematical techniques and methods to protect the privacy and security of its users, Bitcoin shows how math can be used to enhance human rights and freedoms. By using mathematical symbols and representations to encode and manipulate information, Bitcoin reveals how math can be used to communicate and create meaning.
Bitcoin is an expression of pure mathematics that appeals to both the rational and the aesthetic aspects of human nature. It challenges us to think critically and creatively about the nature and role of money, information and trust in our society. It invites us to appreciate the beauty and elegance of mathematical logic and principles that underlie its design and operation. It inspires us to explore the possibilities and potentials of pure math in our world.
This is a guest post by Hongumart. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.