What Is Bitcoin?
Picture a public noticeboard in a town square: nobody owns it and anybody can check what is pinned there.
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1.What is Bitcoin, in the short version?
Picture a public noticeboard in a town square: nobody owns it and anybody can check what is pinned there.
2.How long is the Bitcoin paper?
It is free to read and its title promises a peer-to-peer system of electronic cash.
3.Why does the author say payments are reversible in the trusted model?
The paper also says no mechanism existed to pay over the internet without a trusted party.
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Sources (6)
- Nakamoto, S.: Bitcoin: A Peer-to-Peer Electronic Cash System (Whitepaper, PDF)
- Nakamoto, S.: Bitcoin P2P e-cash paper (Mailinglisten-Beitrag, metzdowd.com cryptography list)
- Bitcoin Core Quellcode: src/kernel/chainparams.cpp (Genesis-Block), src/validation.cpp (GetBlockSubsidy), src/consensus/amount.h
- Yaga, D., Mell, P., Roby, N., Scarfone, K.: Blockchain Technology Overview, NIST Interagency Report 8202, October 2018
- laszlo: Pizza for bitcoins? (Beitrag im Bitcoin Forum, 18
- Eigene Rechnung: Zeitabstaende aus
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Education only. Not financial advice.