Bitcoin: Difference between revisions
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== | == Dominion Lede == | ||
This article was forked from the [[:en:Bitcoin|English wiki]] on 2011-05-06. I intended then to adapt the bitcoin system as the basis of my long awaited [[Token Economy Theses in a random CSS Zen Design|token economy]]. The BTC system, expresses economic assumptions and thinking which I don't endorse, typically failed analogies or assumptions about fundamentals of value and market operations. | |||
Subsequently, I came to see little value in the project as I could not get past the perception that it conflated the store of value function of money and computability/cryptographic properties of the scheme together with other questionable implicit assumptions. Projects supported by living developers can change though, so this page preserves the state against which this value judgment was made, it can be revisited later, if appropriate. | |||
== | == English Lede == | ||
'''Bitcoin''' is a [[:en:digital currency]] created in 2009 by Satoshi Nakamoto. The name also refers to the [[:en:open source]] software he designed that uses it, and the peer-to-peer network that it forms. Unlike most currencies, bitcoin does not rely on trusting any central issuer. Bitcoin uses a [[:en:distributed database]] spread across nodes of a [[:en:peer-to-peer]] network to journal transactions, and uses [[:en:cryptography]] in order to provide basic security functions, such as ensuring that bitcoins can only be spent by the person who owns them, and never more than once. | '''Bitcoin''' is a [[:en:digital currency]] created in 2009 by Satoshi Nakamoto. The name also refers to the [[:en:open source]] software he designed that uses it, and the peer-to-peer network that it forms. Unlike most currencies, bitcoin does not rely on trusting any central issuer. Bitcoin uses a [[:en:distributed database]] spread across nodes of a [[:en:peer-to-peer]] network to journal transactions, and uses [[:en:cryptography]] in order to provide basic security functions, such as ensuring that bitcoins can only be spent by the person who owns them, and never more than once. | ||
