• Bitcoin, Alt-coins, and Free Money Theory | BTC Theory

    btctheory.com 20 Oct '13, 6pm

    The reason Bitcoin has value is because it is resistant to censorship (e.g., prohibiting transactions related to illicit purchases) and corruption (e.g., an authoritative source changing the rules). It does this thanks to the innovation known as proof-of-work. But this proof-of-work m...