in

Bitcoin is a Frankenstein’s monster, stitched together and built using over 40 years of research and failed attempts. It was Satoshi Nakamoto who was brilliant enough to realize that prior attempts all failed due to their lack of running on a decentralized network. The rest is history.

Bitcoin is a Frankenstein’s monster, stitched together and built using over 40 years of research and failed attempts. It was Satoshi Nakamoto who was brilliant enough to realize that prior attempts all failed due to their lack of running on a decentralized network. The rest is history.



View Reddit by Bitbuyer313View Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

13 Comments

  1. I’d throw DRM into this mix. From movie discs to digital music stores to video games, DRM was such a hot-button issue in the late 90s and mid 2000s but never really delivered on the promise of uncopyable bits (“WEB-DL” rips ftw).

    Along comes the blockchain and now suddenly you have a system where you truly own your ones and zeroes, in a way that the people who came up with “you wouldn’t download a car” could only dream of.

  2. Nice to see that quality posts still occasionally appear around here when we’re near ATH.

    Truly a refreshing sight from the endless memes parroting the sentiment of whatever the current week’s price movement might be

  3. “**It was Satoshi Nakamoto who was brilliant enough to realize that prior attempts all failed due to their lack of running on a decentralized network.”**

    But is it though? Many of the previous attempts also tried to realize a decentralized network. Satoshi’s brilliance was more in the sense that he solved the Byzantine Generals’ Problem, no?

  4. Funniest thing is that some alt coins think they will just come in from copying all this, and take over…”it was bch, no wait…it is eth, no wait it is ada….” all these pump and dump scam coins may look somewhat plausible on paper, but as soon as they would get btc’s security and load, they would fall apart

  5. Why “Frankenstein”? Why “stitched together”?

    Bitcoin is a technology and as such is a composite of multiple preceding technological advances. Just like your phone, your car, your house, your clothing.

  6. Bitcoin was made by the Medellin cartel and the CIA to handle tens of millions of dollars a day in cash cocaine sales without having to deal with the logistical nightmare that is handling literal tons of money. Satoshi Nakamoto roughly translates to “central intelligence.”

Loading…

0

What do you think?

My latest theory on day trading..

Ethereum ETF to Launch on TSX – Trustnodes

Ethereum ETF to Launch on TSX – Trustnodes