Michele Pasin / Quotes

Bitcoin solves the Byzantine Generals Problem

If the Byzantine Generals problem sounds familiar to you, it might be because Bitcoin relies on a solution to exactly this problem to verify the authenticity of transactions and bitcoins. A mysterious programmer (or group of programmers) called Satoshi Nakamoto released the open-source software that underlies Bitcoin digital currency in 2009. Since then, Bitcoin has caused an enormous amount

Saved 27 January 2018 / www.amazon.com ↗

#Bitcoin #computer-science #algorithm

A believer's pitch for Bitcoin

Well, some people say you can still get in before the real boom. Many are predicting the bitcoin to go from 200 to 360 in the next few months and eventually…

Man Buys $27 Of Bitcoin, Forgets About Them, Finds They're Now Worth $886k | Technology | Theguardian.com #people #Bitcoin #link

Bitcoin without banks

In traditional banking the banks keep a record of how much money you have. They deal with all the security to make sure people can't claim they have more…

Man Buys $27 Of Bitcoin, Forgets About Them, Finds They're Now Worth $886k | Technology | Theguardian.com #Bitcoin #computer

Bitcoin's value comes from scarcity

One one level it's basic economics; if there is a demand for something and it is scarce it's price goes up, the scarcer it gets the more it's value increases…

Man Buys $27 Of Bitcoin, Forgets About Them, Finds They're Now Worth $886k | Technology | Theguardian.com #Bitcoin #prices #transactions

Bitcoin, a currency no company controls

Bitcoins are an anonymous, decentralised, peer-to-peer digital currency.In contrast to older forms of electronic money, no company controls Bitcoin, nor ever…

Bitcoin: What You Need To Know | Technology | Theguardian.com #Bitcoin #transactions #companies

Mining bitcoin gets exponentially harder

To start it took 1000 calculations to reward a bitcoin, something easily achieved by one computer that was doing 100 calculations per second. However there…

Man Buys $27 Of Bitcoin, Forgets About Them, Finds They're Now Worth $886k | Technology | Theguardian.com #Bitcoin #computer #Internet #mining #billions

Information science is an interdisciplinary field which predates computer science

Information science is an interdisciplinary field primarily concerned with the analysis, collection, classification, manipulation, storage, retrieval…

Information Science - Wikipedia, The Free Encyclopedia #computer-science #information-systems #information-science