2013-03-22 Leading Company 'Who benefits from the extraordinary rise of Bitcoin'

Manticore (OP)

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2013-03-22 Leading Company 'Who benefits from the extraordinary rise of Bitcoin'

March 22, 2013, 03:55:55 AM

http://www.leadingcompany.com.au/technology/who-benefits-from-the-extraordinary-rise-of-bitcoin/201303224030

grondilu

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⇾ Re: 2013-03-22 Leading Company 'Who benefits from the extraordinary rise of Bitcoin'

March 22, 2013, 11:12:54 AM

Quote from: Manticore on March 22, 2013, 03:55:55 AM

http://www.leadingcompany.com.au/technology/who-benefits-from-the-extraordinary-rise-of-bitcoin/201303224030

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.

Check out my bitcoin bash library

Timo Y

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bitcoin - the aerogel of money

Re: 2013-03-22 Leading Company 'Who benefits from the extraordinary rise of Bitcoin'

March 22, 2013, 02:53:33 PM

Quote from: grondilu on March 22, 2013, 11:12:54 AM

Quote from: Manticore on March 22, 2013, 03:55:55 AM

http://www.leadingcompany.com.au/technology/who-benefits-from-the-extraordinary-rise-of-bitcoin/201303224030

Quote

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

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

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