Bitcoin Forum
November 24, 2017, 08:38:56 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 2013-03-22 Leading Company 'Who benefits from the extraordinary rise of Bitcoin'  (Read 761 times)
Manticore
Member
**
Offline Offline

Activity: 70



View Profile
March 22, 2013, 03:55:55 AM
 #1

http://www.leadingcompany.com.au/technology/who-benefits-from-the-extraordinary-rise-of-bitcoin/201303224030
1511555936
Hero Member
*
Offline Offline

Posts: 1511555936

View Profile Personal Message (Offline)

Ignore
1511555936
Reply with quote  #2

1511555936
Report to moderator
1511555936
Hero Member
*
Offline Offline

Posts: 1511555936

View Profile Personal Message (Offline)

Ignore
1511555936
Reply with quote  #2

1511555936
Report to moderator
1511555936
Hero Member
*
Offline Offline

Posts: 1511555936

View Profile Personal Message (Offline)

Ignore
1511555936
Reply with quote  #2

1511555936
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511555936
Hero Member
*
Offline Offline

Posts: 1511555936

View Profile Personal Message (Offline)

Ignore
1511555936
Reply with quote  #2

1511555936
Report to moderator
1511555936
Hero Member
*
Offline Offline

Posts: 1511555936

View Profile Personal Message (Offline)

Ignore
1511555936
Reply with quote  #2

1511555936
Report to moderator
1511555936
Hero Member
*
Offline Offline

Posts: 1511555936

View Profile Personal Message (Offline)

Ignore
1511555936
Reply with quote  #2

1511555936
Report to moderator
grondilu
Legendary
*
Offline Offline

Activity: 1134


View Profile
March 22, 2013, 11:12:54 AM
 #2



Quote
A single Bitcoin is essentially a number that satisfies a certain mathematical equation

Fail.

A bitcoin is a unit for an amount on an account.  It does not satisfy any more complex mathematical equation that a USD amount on a bank account does.

What does satisfy a complex mathematical equation is the transfer of this bitcoin from an account to an other.
Timo Y
Legendary
*
Offline Offline

Activity: 938


bitcoin - the aerogel of money


View Profile
March 22, 2013, 02:53:33 PM
 #3



Quote
A single Bitcoin is essentially a number that satisfies a certain mathematical equation

Fail.

A bitcoin is a unit for an amount on an account.  It does not satisfy any more complex mathematical equation that a USD amount on a bank account does.

What does satisfy a complex mathematical equation is the transfer of this bitcoin from an account to an other.


Yeah, that made me cringe too.

To be fair, it's not easy to explain the cryptography behind bitcoin in one short sentence.

GPG ID: FA868D77   bitcoin-otc:forever-d
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!