The Foundation for Peer to Peer Alternatives
Share 'Bitcoin a Rube Goldberg machine?'
Bitcoin is an idea developed by Satoshi Nakamoto for an independent, fully de-centralized P2P currency. Technical details of how it is generated are described in a White Paper titled Bitcoin: A Peer-to-Peer Electronic Cash System http://blog.p2pfoundation.net/bitcoin-p2p-cryptocurrency-now-in-public-beta/2010/06/16/ I have argued (elsewhere) that bitcoin is a deflationary currency. As the user…
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