"Governments are good at cutting off the heads of a centrally
controlled networks like Napster, but pure P2P networks
like Gnutella and Tor seem to be holding their own.."
--Satoshi Nakamoto
Bitcoin is the future.
Friday, June 24, 2011
What Is Bitcoin?
Bitcoin is a revolutionary form of digital currency, invented by Satoshi Nakamoto. Bitcoin, or BTC, is genius in it's design, due to it's grass-roots distribution style, as well as it's advanced application of cryptography techniques. This mathematical backing and lack of central control makes the Bitcoin market a very fair playing field, and thus very attractive.
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