Bitcoin Forum

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A cryptocurrency is a medium of exchange designed around securely exchanging information which is a process made possible by certain principles of cryptography. The first cryptocurrency to be created was Bitcoin in 2009. Since then, numerous cryptocurrencies have been created. Fundamentally, cryptocurrencies are specifications regarding the use of currency which seek to incorporate principles of cryptography to implement a distributed, decentralized and secure information economy.

An explanation is a set of statements constructed to describe a set of facts which clarifies the causes, context, and consequences of those facts.

This description may establish rules or laws, and may clarify the existing ones in relation to any objects, or phenomena examined. The components of an explanation can be implicit, and be interwoven with one another.

An explanation is often underpinned by an understanding that is represented by different media such as music, text, and graphics. Thus, an explanation is subjected to interpretation, and discussion.

In scientific research, explanation is one of several "purposes" for empirical research.

Justification is the reason why someone properly holds a belief, the explanation as to why the belief is a true one, or an account of how one knows what one knows. In much the same way arguments and explanations may be confused with each other, so too may explanations and justifications. Statements which are justifications of some action take the form of arguments. For example attempts to justify a theft usually explain the motives (e.g., to feed a starving family).

It is important to be aware when an explanation is not a justification. A criminal profiler may offer an explanation of a suspect's behavior (e.g.; the person lost their job, the person got evicted, etc.). Such statements may help us understand why the person committed the crime, however an uncritical listener may believe the speaker is trying to gain sympathy for the person and his or her actions. It does not follow that a person proposing an explanation has any sympathy for the views or actions being explained. This is an important distinction because we need to be able to understand and explain terrible events and behavior in attempting to discourage it.

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