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Title: What kind of advancements has bitcoin created? Post by: Ravion on June 26, 2016, 10:13:14 PM It said that the technology and innovations that created bitcoin is revolutionary, and that these will create great advancements in the fields of distributed computing, economics and econometrics. Are there any such advancements that have been created by these innovations, so far?
Title: Re: What kind of advancements has bitcoin created? Post by: hexafraction on June 26, 2016, 10:15:35 PM It said that the technology and innovations that created bitcoin is revolutionary, and that these will create great advancements in the fields of distributed computing, economics and econometrics. Are there any such advancements that have been created by these innovations, so far? To start, and most obviously, a distributed cryptographically-secured ledger based on a chain of blocks, each having a hash validating a reference to the previous block, and a certain associated amount of cryptographic work. Title: Re: What kind of advancements has bitcoin created? Post by: Swagtoshi on June 27, 2016, 01:04:50 AM relatively cheap transactions, no need to have a banker, ability to send money anonymously.
Title: Re: What kind of advancements has bitcoin created? Post by: Testing Crypto on June 27, 2016, 01:12:39 AM The idea that software can be better, outdated software (entire online, from Operating Systems & everything down to the smallest devices) becomes a problem after it can't keep up with the hardware (or vise versa). Money & banks are only a very small portion, that would be thy thought.
Title: Re: What kind of advancements has bitcoin created? Post by: etparle on June 27, 2016, 01:52:35 AM relatively cheap transactions, no need to have a banker, ability to send money anonymously. This is probably one of the bigger things in my opinion. Really opens up the doors to people who didn't have easy access to banking and would've had to page huge fees. Title: Re: What kind of advancements has bitcoin created? Post by: RealBitcoin on June 27, 2016, 02:13:52 AM It said that the technology and innovations that created bitcoin is revolutionary, and that these will create great advancements in the fields of distributed computing, economics and econometrics. Are there any such advancements that have been created by these innovations, so far? It totally debunks keynesianism and other irrational beliefs. The inflation is good myth... Supply side economics... Centrally planned economy... Fiat money.... All of them are donkey crap theories, and bitcoin will demonstrate them to be false. |