Bitcoin Forum
December 18, 2017, 07:14:46 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   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: 2478


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 ICELAND - https://bitcointalk.org/index.php?topic=1610684
1513624486
Hero Member
*
Offline Offline

Posts: 1513624486

View Profile Personal Message (Offline)

Ignore
1513624486
Reply with quote  #2

1513624486
Report to moderator
1513624486
Hero Member
*
Offline Offline

Posts: 1513624486

View Profile Personal Message (Offline)

Ignore
1513624486
Reply with quote  #2

1513624486
Report to moderator
1513624486
Hero Member
*
Offline Offline

Posts: 1513624486

View Profile Personal Message (Offline)

Ignore
1513624486
Reply with quote  #2

1513624486
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513624486
Hero Member
*
Offline Offline

Posts: 1513624486

View Profile Personal Message (Offline)

Ignore
1513624486
Reply with quote  #2

1513624486
Report to moderator
ChuckBuck
Hero Member
*****
Offline Offline

Activity: 616


Vietnamese Translator


View Profile
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.

██
█║█
║║║
║║║
█║█
██
'BTC MULTI-WALLET SOON'
▬▬▬▬ Download WHITEPAPER ▬▬▬▬

                    ▄██▄
                  ▄██████▄
                ▄██████████
              ▄██████████▀   ▄▄
            ▄██████████▀   ▄████▄
          ▄██████████▀    ████████▄
         ██████████▀      ▀████████
         ▀███████▀   ▄███▄  ▀████▀   ▄█▄
    ▄███▄  ▀███▀   ▄███████▄  ▀▀   ▄█████▄
  ▄███████▄      ▄██████████     ▄█████████
  █████████    ▄██████████▀    ▄██████████▀
   ▀█████▀   ▄██████████▀    ▄██████████▀
     ▀▀▀   ▄██████████▀    ▄██████████▀
          ██████████▀    ▄██████████▀
          ▀███████▀      █████████▀
            ▀███▀   ▄██▄  ▀█████▀
                  ▄██████▄  ▀▀▀
                  █████████
                   ▀█████▀
                     ▀▀▀
e i d o o
██

███▀▀
▐▐▌
▐▌
▐▌
▐▐▌
███▄▄
▀▀███
▐▌▌
▐▌
▐▌
▐▌▌
▄▄███
Lauda
Legendary
*
Offline Offline

Activity: 1694


GUNBOT Licenses -20% with ref. code 'GrumpyKitty'


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

A good read, thanks for the share.


          ▄▄█████▌▐█████▄▄
       ▄█████████▌    ▀▀▀███▄
     ▄███████████▌  ▄▄▄▄   ▀██▄
   ▄█████████████▌  ▀▄▄▀     ▀██▄
  ▐██████████████▌  ▄▄▄▄       ▀█▌
 ▐███████████████▌             ▀█▌
 ████████████████▌  ▀▀▀█         ██
▐████████████████▌  ▄▄▄▄         ██▌
▐████████████████▌  ▀  ▀         ██▌
 ████████████████▌  █▀▀█         ██
 ▐███████████████▌  ▀▀▀▀        ▄█▌
  ▐██████████████▌  ▀▀▀▀       ▄█▌
   ▀█████████████▌  ▀▀█▀     ▄██▀
     ▀███████████▌  ▀▀▀▀   ▄██▀
       ▀█████████▌    ▄▄▄███▀
          ▀▀█████▌▐█████▀▀
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
      ▄▄▄
 ▄▄█████████▄▄
  ▀▀▀▀▀▀▀▀▀▀▀
   █▌▐█ █▌▐█
   █▌▐█ █▌▐█
 ▄███████████▄
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄






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

Activity: 1148


In Satoshi I Trust


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

nice one, thanks!

Gabi
Legendary
*
Offline Offline

Activity: 1092


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


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

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 - Gandalf
RodeoX
Legendary
*
Offline Offline

Activity: 2478


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 ICELAND - https://bitcointalk.org/index.php?topic=1610684
h3rlihy
Sr. Member
****
Offline Offline

Activity: 356


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

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 - Gandalf
danielet
Newbie
*
Offline Offline

Activity: 1


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

Thanks! Nice read
Gabi
Legendary
*
Offline Offline

Activity: 1092


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: 1694


GUNBOT Licenses -20% 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.


          ▄▄█████▌▐█████▄▄
       ▄█████████▌    ▀▀▀███▄
     ▄███████████▌  ▄▄▄▄   ▀██▄
   ▄█████████████▌  ▀▄▄▀     ▀██▄
  ▐██████████████▌  ▄▄▄▄       ▀█▌
 ▐███████████████▌             ▀█▌
 ████████████████▌  ▀▀▀█         ██
▐████████████████▌  ▄▄▄▄         ██▌
▐████████████████▌  ▀  ▀         ██▌
 ████████████████▌  █▀▀█         ██
 ▐███████████████▌  ▀▀▀▀        ▄█▌
  ▐██████████████▌  ▀▀▀▀       ▄█▌
   ▀█████████████▌  ▀▀█▀     ▄██▀
     ▀███████████▌  ▀▀▀▀   ▄██▀
       ▀█████████▌    ▄▄▄███▀
          ▀▀█████▌▐█████▀▀
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
      ▄▄▄
 ▄▄█████████▄▄
  ▀▀▀▀▀▀▀▀▀▀▀
   █▌▐█ █▌▐█
   █▌▐█ █▌▐█
 ▄███████████▄
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄






▄█████████████▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
███████████████
██▀▀█▀▀████████
▀█████████████▀
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!