As a novice, I find this article very confusing. It appears to be referring to the "consensus" or generic definition when using the term "Bitcoin". However the consensus definition, as is normally the case, is incorrect.
The other issue I have, there is more to be earned by miners than just transaction fees, there is the not insignificant revenue from retrieving data from chain. That is a lost opportunity in the current "mining" model.
To your second point, I think the point is to keep power away from the money, as the qualitative aspect of the data should be basically irrelevant to the economic incentive to keep the mining operation running.
As a novice, I find this article very confusing. It appears to be referring to the "consensus" or generic definition when using the term "Bitcoin". However the consensus definition, as is normally the case, is incorrect.
The other issue I have, there is more to be earned by miners than just transaction fees, there is the not insignificant revenue from retrieving data from chain. That is a lost opportunity in the current "mining" model.
To your second point, I think the point is to keep power away from the money, as the qualitative aspect of the data should be basically irrelevant to the economic incentive to keep the mining operation running.
Are you referring to Bitcoin as money? Bitcoin is not money!
Bitcoin is - BTC?
BTC is the ticker of a mutilated frankenstein blockchain. Whereas Bitcoin refers to the blockchain described in your Bitcoin white paper.