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Bitcoin is an adaptive and evolving system; it is not static. No one controls the network and there are no leaders capable of forcing changes onto the network. It is decentralized at every layer, and as a result, it has shown to be immune to any type of attack. However, it is not just immune to attack or errors, bitcoin actually becomes stronger as: i) external forces attempt to influence or coopt the network; ii) as individuals within the network make errors; and, iii) as a very function of its volatility, which is often perceived to be a limiting, if not critical, flaw. As bitcoin survives shocks and as individuals learn from errors and adapt to its volatility, bitcoin becomes tangibly more reliable; its demonstration of resilience and immunity causes trust to be reinforced in the network, which increases adoption and makes bitcoin more resistant to future attack or individual errors. It is a positive, self-reinforcing feedback loop. With every failed attempt to coopt or coerce the network, the bitcoin protocol hardens and confidence increases. Every time bitcoin doesn’t die, that very event propels bitcoin forward, and in a fundamentally stronger state than previously existed.

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