Sublime

access to bitcoins is controlled by “private keys,” which are like very long PINs. If you are the only one to have control over these private keys, you are in control of your bitcoins.

When you receive bitcoins, you have to decide who will have permission to spend them, called authorization. You also have to decide how full nodes will distinguish the authorized spenders from everyone else, called authentication. Your authorization instructions and the spender proof of authentication will be checked by thousands of independent ful

tools like Square Cash will facilitate mass exodus to Bitcoin,

To view Bitcoin solely through the lens of economics, say, or cryptography is to miss the forest for the trees. Bitcoin lies at the intersection of, at the very least, these two, as well as financial theory, history, political philosophy, theoretical computer science, distributed systems theory, game theory, and network and protocol design.

Saifedean Ammous’s book The Bitcoin Standard,

Intermediary-controlled trust came with some friction, but now, with the blockchain, we can have frictionless trust.

In an onstage conversation between Nas and Horowitz, Horowitz called Bitcoin “the internet of money,” with the potential to help billions of people.