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Author Topic: "bitcoin does not rely on trusting any central issuer"  (Read 1267 times)
boscoj
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May 17, 2011, 03:23:56 AM
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well who is the central issuer?
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ColdHardMetal
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May 17, 2011, 03:25:32 AM
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well who is the central issuer?

There isn't one, hence no need to trust one.

boscoj
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May 17, 2011, 03:33:17 AM
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well how were the coins created?
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May 17, 2011, 03:37:44 AM
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well how were the coins created?

https://en.bitcoin.it/wiki/FAQ#How_are_new_Bitcoins_created?

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May 17, 2011, 04:23:35 AM
 #5

Yay!!!  Noobie time!  Welcome to bitcoin!

"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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