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What is Bitcoin

What is Bitcoin

This is my latest attempt to create a succinct description of what Bitcoin is for anyone who is new to it. It focuses on the idea of Bitcoin being a medium or a conduit for money, describes some of the properties of it, and compares those to the properties of the money we use in society today.

vor 29 Mon.29 mo ago11 Min.11 min
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Bank money is a promise, Bitcoin is not.

Bank money is a promise, Bitcoin is not.

This article explores the concept of a promise with respect to banking and then contrasts this with Bitcoin in order to draw a conclusion to the question of whether Bitcoin is just another banking-like promise based system.

vor 31 Mon.31 mo ago15 Min.15 min
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