added by Emi and · updated 2y ago
bitcoin.pdf
- This presented the idea of Bitcoin, a “peer-to-peer electronic cash” representing the first public, permissionless, cryptographically secure peer-to-peer protocol.
from A Political History of DAOs by Friends with Benefits (FWB)
Pawan Rochwani added
- Bitcoin used a blockchain to keep track of transactions. That was notable because, for the first time, it allowed people to send and receive money over the internet without needing to involve a central authority, such as a bank or an app like PayPal or Venmo.
from The Latecomer’s Guide to Crypto (Published 2022) by Kevin Roose
sari added
Satoshi Nakamoto's motivation for Bitcoin was to create a “purely peer‐to‐peer form of electronic cash” that would not require trust in third parties for transactions and whose supply cannot be altered by any other party. In other words, Bitcoin would bring the desirable features of physical cash (lack of intermediaries, finality of transactions) t
... See morefrom The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous