#Bitcoin as a Publishing System: From Wikileaks to Pedophile Links

Bitcoin is an open source software system. That means nobody owns it. Up until now, it's been used as a decentralized currency system. Why? Bitcoin makes it possible to make non-reversible decentralized transactions on a global scale. It's visibility as a currency has been good for bitcoin. Speculation has driven up the price of bitcoin to a market cap over $1 billion. That's attracted lots of use and investment activity (mostly in mining), which has grown bitcoin much faster than it would have grown otherwise. However, one thing that most people don't understand: bitcoin is more than just a currency. NOTE: Actually, it's more of a fungible share of ownership in the system than a pure currency, as you will see. Firstly, it's the first system to deploy that solves the distributed consensus problem in computing (a hard problem). That means a clone of the system has many pote...

Full article: http://globalguerrillas.typepad.com/globalguerrillas/2013...

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