Bitcoin Forum
July 22, 2018, 01:48:29 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Wow. Stanford University publishes excelent description of the bitcoin network  (Read 1070 times)
RodeoX
Legendary
*
Offline Offline

Activity: 2674
Merit: 1056


The revolution will be monetized!


View Profile
February 19, 2014, 05:27:43 PM
 #1

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."

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
1532267309
Hero Member
*
Offline Offline

Posts: 1532267309

View Profile Personal Message (Offline)

Ignore
1532267309
Reply with quote  #2

1532267309
Report to moderator
1532267309
Hero Member
*
Offline Offline

Posts: 1532267309

View Profile Personal Message (Offline)

Ignore
1532267309
Reply with quote  #2

1532267309
Report to moderator
1532267309
Hero Member
*
Offline Offline

Posts: 1532267309

View Profile Personal Message (Offline)

Ignore
1532267309
Reply with quote  #2

1532267309
Report to moderator
fair bitcoin games | pvp - pve - solo pve games | faucet |
Free satoshi code btcoon500
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ChuckBuck
Hero Member
*****
Offline Offline

Activity: 826
Merit: 510

Vietnamese translator - https://goo.gl/Muc9xi


View Profile WWW
February 19, 2014, 05:48:28 PM
 #2

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.

                  ██████
                ██████████
             ████████████████
          ██████          ██████
       ██████                ██████
 ██████████                      █████████
 ██████                            ██████
 ██████                             ██████
  ███        █ █                     ███
  ███    ██████████  ████████████    ███
  ███     ████  ████ ███ ████ ███    ███
  ███     ████   ████    ████        ███
  ███     ████   ████    ████        ███
  ███     ████  ████     ████        ███
  ███    ██████████    ████████      ███
  ███        █ █                     ███
 █████                              █████
 ██████                            ██████
 █████████                      █████████
       ██████                ██████
          ██████          ██████
             ████████████████
                ██████████
                  ██████

[]
FACEBOOK
TWITTER
LINKEDIN

YOUTUBE
BITCOINTALK
REDDIT
Lauda
Legendary
*
Offline Offline

Activity: 1918
Merit: 1566


GUNBOT Licenses -15% with ref. code 'GrumpyKitty'


View Profile WWW
February 19, 2014, 05:56:12 PM
 #3

A good read, thanks for the share.

.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


In Satoshi I Trust


View Profile WWW
February 19, 2014, 07:05:01 PM
 #4

nice one, thanks!

Gabi
Legendary
*
Offline Offline

Activity: 1148
Merit: 1008


If you want to walk on water, get out of the boat


View Profile
February 19, 2014, 08:48:04 PM
 #5

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

h3rlihy
Sr. Member
****
Offline Offline

Activity: 356
Merit: 250


View Profile
February 19, 2014, 09:01:53 PM
 #6

Will give this a good thorough reading through shortly but seems like a pretty good explanation.
Nathonas
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250

Knowledge is Power


View Profile WWW
February 19, 2014, 09:04:34 PM
 #7

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  Undecided

All we have to decide is what to do with the time that is given us.
RodeoX
Legendary
*
Offline Offline

Activity: 2674
Merit: 1056


The revolution will be monetized!


View Profile
February 19, 2014, 09:07:30 PM
 #8

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.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
h3rlihy
Sr. Member
****
Offline Offline

Activity: 356
Merit: 250


View Profile
February 19, 2014, 09:11:47 PM
 #9

Yeah but they're a high level educational institution. They SHOULD get it. Transmitting this to your average person is a different matter  Undecided

That's why you just tell the average person it's just 'internet money' and much better than their crappy 'bank money'
Nathonas
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250

Knowledge is Power


View Profile WWW
February 19, 2014, 09:29:08 PM
 #10

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.

All we have to decide is what to do with the time that is given us.
danielet
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
February 19, 2014, 09:43:32 PM
 #11

Thanks! Nice read
Gabi
Legendary
*
Offline Offline

Activity: 1148
Merit: 1008


If you want to walk on water, get out of the boat


View Profile
February 19, 2014, 10:22:02 PM
 #12

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.
I agree with that explanation, plus consider that most of them have no idea about how pc and internet works, probably they are barely able to write an article and clic "save", they are still scared at "omg it ask me to choose between .txt .doc and other, help help!"

Lauda
Legendary
*
Offline Offline

Activity: 1918
Merit: 1566


GUNBOT Licenses -15% with ref. code 'GrumpyKitty'


View Profile WWW
February 19, 2014, 11:10:08 PM
 #13

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  Undecided
Should, doesn't mean they will. Look at MIT.

.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
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!