Replacing The U.S Dollar With Bitcoin: Dismantling Fiat Architecture Today

Posted on

This is the second article in a series about lessons that can inform bitcoin’s replacement of the U.S. dollar. Read the first article in the series, on leaving the gold standard, here.

The Open Systems Interconnection (OSI) model gives seven layers of computation that allow a network effect to emerge. The network model used today is the TCP/IP model. When the two are compared, OSI is known for having stricter rules and providing delivery assurances as it transfers data. It is also known for being less reliable, as TCP/IP allows for greater levels of efficiency.