OpenRuby.com

12 Jan '13, 11pm

The 9 principles in Bitcoin: What would you say to the following list and descriptions of the principles Bitcoin is...

What would you say to the following list and descriptions of the principles Bitcoin is built upon: scarcity - the total supply of bitcoins to ever exist is arbitrarily limited and forever fixed tangibility - issuing new bitcoins takes actual labor in the form of solving a cryptographic math problem transparency - all Bitcoin transactions are public and forever stored in the blockchain for anyone to see anonymity - all Bitcoin transaction are only between cryptographical pseudonyms with no obligation to reveal their identity security - all confirmed Bitcoin transactions are with virtual certainty irreversible, all bitcoins are with virtual certainty non-double spendable decentralization - Bitcoin has no central authority and is run by autonomous peers in a peer to peer network capitalism - only the owner of a pseudonym gets the password to spend his bitcoins in effect makin...

Full article: https://bitcointalk.org/index.php?topic=136182.0

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30 Days - 60 Days - 180 Days - 1 Year - All Time Logarithmic Scale - 7 day average - Show data points