“Since we’re all rich with bitcoins, or we will be once they’re worth a million dollars like everyone expects, we ought to put some of this unearned wealth to good use.”
- Hal Finney, the first recipient of a Bitcoin transaction
Do Crypto Good
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What is Bitcoin ?
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Bitcoin: A Peer-to-Peer Electronic Cash System The Bitcoin whitepaper is 9 pages long and consists of an Abstract and 12 sections. While i have read many articles about Bitcoin (see references below), for the purposes of this post i refer to the whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” only: Bitcoin Whitepaper: ABSTRACT – Satoshi Nakamoto outlines: The Problem: There is no way...
The Bitcoin Squeeze
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Many people who have held bitcoin for a long time have been through several boom and bust cycles. Recently, many folks have noticed a pattern to these cycles linked to the bitcoin halving event that happens every 210,000 blocks or approximately every four years. The next one is anticipated to occur in April/May 2020. Historically, these halving events have not been properly priced into the...
NSA Backdoors and Bitcoin
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Many cryptographic standards widely used in commercial applications were developed by the U.S. Government’s National Institute of Standards and Technology (NIST). Normally government involvement in developing ciphers for public use would throw up red flags, however all of the algorithms are part of the public domain and have been analyzed and vetted by professional cryptographers who know what...
Satoshi didn’t envision Bitcoin as a new class
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Satoshi didn’t envision Bitcoin as a new class of bank controlled by the same corrupt power structures as our current financial system. Custodial solutions like Lightning are not changing our broken system. Users must control the keys to their digital money, not third parties.
@KimDotcom
