07 Aug '12, 8am

Blog: Bitcoin: a protocol for the distributed maintenance of a ledger? via @LibertarianHome #tlot

Blog: Bitcoin: a protocol for the distributed maintenance of a ledger? via @LibertarianHome #tlot

The major feature of the Bitcoin protocol is to effect transfers of wealth, but it’s primary domain object – the primary noun of importance in the system – is not coins or vouchers but an accounting ledger. The maintenance of that shared public record is the primary task and the competitive challenge addressed by the participating nodes, the computer systems owned by users and service providers who take part. It’s like one big trackerless BitTorrent, a network with no centre and no boundaries, co-operating to store copies of some data to which new blocks are conststantly added. The content of these blocks, the ledger, is not something you would be familiar with. I understood it by analogy: if the Dollar were only handled by a single Federal bank, and there was no cash, then the Fed would need to record the transactions of every US citizen and every other user of the curren...

Full article: http://libertarianhome.co.uk/2012/08/bitcoin-a-protocol-f...

Tweets

Bitcoin 2012

libertarianhome.co.uk 08 Aug '12, 1pm

One further detail courtesy of Frank Braun. The 2012 Bitcoin conference is coming to London, the world’s premier finance h...

seen elsewhere: How a Bitcoin transaction works...

libertarianhome.co.uk 07 Aug '12, 2pm

seen elsewhere: Bitcoin: The Cryptoanarchists’ Answer to Cash sttsp.pl/7wjh #tlot posted 12 hours ago seen elsewhere: How ...

seen elsewhere: Bitcoin: The Cryptoanarchists’ ...

libertarianhome.co.uk 07 Aug '12, 6pm

Bitcoin: The Cryptoanarchists’ Answer to Cash How a Bitcoin transaction works Bitcoin: a protocol for the distributed main...

#Bitcoin reaches new 2012 high at 12 $ today. U...

bitcoinbullbear.com 09 Aug '12, 10pm

The predictive value of the Bitcoin Bull Bear Index is compelling. In April 2011, the BBBI exceeded 50 for the first time ...

Is the Islamic Bank of #Bitcoin for real? #isla...

ib-bitcoin.com 08 Aug '12, 7pm

Home About Loans Joint Venture Investor Relations Contact us 0% Interest-Free Banking Bitcoin Currency 0% Escrow Shariah C...

"bitcoin is currently the largest distributed computing project in existence today"

"bitcoin is currently the largest distributed c...

forbes.com 07 Aug '12, 1pm

Move up http://i.forbesimg.com t Move down The Case For Monetary Freedom Jon Matonis Contributor Top 10 Bitcoin Statistics...

Bitcoin may be easy, quick and useful but it's ...

en.wikipedia.org 11 Aug '12, 6pm

BREIN — uses the Semantic Web and multi-agent systems to build simple and reliable grid systems for business , with a focu...