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Author Topic: Bitcoin security - "big room" analogy  (Read 1345 times)
bitlotto
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April 24, 2011, 12:44:16 AM
 #1

...begin shameless self promotion... Cool

http://bitcoinweekly.com/articles/how-bitcoin-security-works-by-analogy

I've haven't written anything of substance in a really long time.

I was trying to explain Bitcoin security to someone and was having a very hard time. All I got back was a blank stare. I hope this analogy 'kind of' explains what's happening behind the scenes...

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kiba
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April 24, 2011, 06:29:01 AM
 #2

Don't forget to donate to my magazine so that more articles like BitLotto's can be created.  Cool

Though BitLotto gave back 5 BTC I paid him...still it support the production of new articles.

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April 24, 2011, 06:31:07 AM
 #3

Interesting analogy. Your last paragraph seems to be missing some line breaks though (and would look better if you used the HTML <ul> and <li> tags rather than a "handmade" list). I'd also go into trying to explain, after that last paragraph, why it's impossible to forge and steal things - just simple explanations like "because you need x information to do so, and if you don't have it, calculating it would take trillions of years".

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April 24, 2011, 06:47:27 AM
 #4

Fixed.

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