Title: Wow. Stanford University publishes excelent description of the bitcoin network Post by: RodeoX on February 19, 2014, 05:27:43 PM I thought they did a great job of explaining the ledger based system.
http://news.stanford.edu/news/2014/february/bitcoin-athey-srinivasan-021814.html A SAMPLE: "Athey: The Bitcoin system has at its core a secure public ledger. An entry on the ledger is not an IOU from a bank, like your bank account balance is. Rather, the ledger entry is the definition of ownership of a bitcoin. Within the Bitcoin protocol, one individual can send bitcoins to another without any middlemen or risk … that is a very powerful concept." Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: ChuckBuck on February 19, 2014, 05:48:28 PM Very good read and great article to link to for people new to Bitcoin. I like how they break each concept down, and make easy to understand analogies to PayPal for instance.
Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: Lauda on February 19, 2014, 05:56:12 PM A good read, thanks for the share.
Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: LiteCoinGuy on February 19, 2014, 07:05:01 PM nice one, thanks!
Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: Gabi on February 19, 2014, 08:48:04 PM It seems they finally understood it, it took some years but finally it is a good description, it makes sense and it grasps the concepts of the bitcoin network
Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: h3rlihy on February 19, 2014, 09:01:53 PM Will give this a good thorough reading through shortly but seems like a pretty good explanation.
Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: Nathonas on February 19, 2014, 09:04:34 PM It seems they finally understood it, it took some years but finally it is a good description, it makes sense and it grasps the concepts of the bitcoin network Yeah but they're a high level educational institution. They SHOULD get it. Transmitting this to your average person is a different matter :-\ Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: RodeoX on February 19, 2014, 09:07:30 PM The shocking part is how many economic experts get bitcoin soooooo wrong. These people seem to have read Satoshi's white paper before opening their mouths.
Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: h3rlihy on February 19, 2014, 09:11:47 PM Yeah but they're a high level educational institution. They SHOULD get it. Transmitting this to your average person is a different matter :-\ That's why you just tell the average person it's just 'internet money' and much better than their crappy 'bank money' Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: Nathonas on February 19, 2014, 09:29:08 PM The shocking part is how many economic experts get bitcoin soooooo wrong. These people seem to have read Satoshi's white paper before opening their mouths. I don't think most of them WANT TO understand bitcoin. They're invested in the current old, outdated system. And if they don't want to change, the world will change without them. Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: danielet on February 19, 2014, 09:43:32 PM Thanks! Nice read
Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: Gabi on February 19, 2014, 10:22:02 PM The shocking part is how many economic experts get bitcoin soooooo wrong. These people seem to have read Satoshi's white paper before opening their mouths. I don't think most of them WANT TO understand bitcoin. They're invested in the current old, outdated system. And if they don't want to change, the world will change without them. Title: Re: Wow. Stanford University publishes excelent description of the bitcoin network Post by: Lauda on February 19, 2014, 11:10:08 PM It seems they finally understood it, it took some years but finally it is a good description, it makes sense and it grasps the concepts of the bitcoin network Yeah but they're a high level educational institution. They SHOULD get it. Transmitting this to your average person is a different matter :-\ |