Sublime
An inspiration engine for ideas
Units of bitcoin are created through a process called “mining,” which involves repeatedly performing a computational task that references a list of recent Bitcoin transactions. Any participant in the Bitcoin network may operate as a miner, using their computing devices to help secure transactions. Every 10 minutes, on average, one Bitcoin miner can
... See moreDavid A. Harding • Mastering Bitcoin
The Bitcoin Standard: The Decentralized Alternative to Central Banking
Saifedean Ammous • 1 highlight
amazon.com
Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties. In other words, Bitcoin automates the functions of a modern central bank and makes them predictable and virtually immutable by programming them into code
... See moreSaifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
The future use of Bitcoin for small payments will likely not be carried out over the distributed ledger, as explained in the discussion on scaling in Chapter 10, but through second layers. Bitcoin can be seen as the new emerging reserve currency for online transactions, where the online equivalent of banks will issue Bitcoin‐backed tokens to users
... See moreSaifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
The Bitcoin blockchain gives one answer. It is the most rigorous form of history yet known to man, a history that is technically and economically resistant to revision. Thanks to a combination of cryptographic primitives and financial incentives, it is very challenging to falsify the who, what, and when of transactions written to the Bitcoin
... See moreBalaji Srinivasan • The Network State: How To Start a New Country
Bitcoin's shared ledger can be likened to the Rai stones of Yap Island discussed in Chapter 2, in that the money does not actually move for transactions to take place. Whereas in Yap the islanders would meet to announce the transfer of the ownership of a stone from one person to the other, and the entire town would know who owned which stone, in
... See moreSaifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
Si jamais vous refermez ce livre en pensant que le bitcoin vaut la peine d'être acquis, votre premier investissement ne devrait pas être l'achat de bitcoins mais un investissement en temps pour comprendre comment acheter et détenir des bitcoins en toute sécurité. Il est dans la nature inhérente du bitcoin qu'une telle connaissance ne soit pas
... See moreMarie Oneissi • l'Étalon-Bitcoin
It is fair to say that the central operational feature of Bitcoin is verification, and only because of that can Bitcoin remove the need for trust completely.