What is the first part of the bitcoin standard?
Could you elaborate on the initial segment of the Bitcoin standard? I'm particularly interested in understanding the foundational principles that underlie this groundbreaking digital currency. What are the key tenets that shape its value proposition and how does it differ from traditional financial systems? Is there a specific element that serves as the starting point for its design philosophy, or a series of principles that collectively define the bitcoin standard's essence? Your insights into this topic would be invaluable for anyone seeking to grasp the fundamental underpinnings of bitcoin.