Автомат Bitcoin - What is it? - Wikipedia


Wikipedia - Автомат Bitcoin Answers - Who created Litecoin? Since 2011, Litecoin has been closely associated with its founder and creator, Charlie Lee, a computer scientist and graduate of the Massachusetts Institute of Technology. Lee woul...



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Shiller stated that bitcoin 'exhibited many of the characteristics of a speculative bubble'; in 2017, Shiller wrote that bitcoin was the best current example of a speculative bubble. Click here for cryptocurrency Links Bitcoin: A Financial Institution Eliminating The Need For A Trust-Based Model To a significant degree, the financial system’s weakness today is a function of a trust-based model controlled by centralized institutions. Human bias and error exposes participants to mismanagement, creating an unpredictable environment for economic activity. Enter the Information Age and a new economic order unleashed by computer science and cryptography. During the Global Financial Crisis in 2009, the Internet birthed Bitcoin, a financial system without a centralized authority. Bitcoin fundamentally shifts how a financial system distributes trust, eliminating the roles of several institutions that rely on centralized authorities and creating an ecosystem based on computer science and cryptography. In contrast to a central bank that controls monetary policy, or a commercial bank that controls the custody of assets, or a payment processor that controls consumer transactions, the Bitcoin network and all of its participants oversee all such functions What is Bitcoin? At its core, Bitcoin is free and open source software (FOSS), code that lives on the Internet. Individuals can run the code or copy it and create their own variant. The Bitcoin network is a complete financial system that facilitates the transfer and custody of bitcoin, a new digital monetary asset. Lowercase ‘b’ bitcoin, the asset, is a standardized unit of value embedded in the network. Its value acts as the signaling mechanism that aligns network stakeholders. In some ways, we believe it is the purest form of money ever created: • It is a digital bearer asset similar to a commodity. • It is scarce, divisible, portable, transferable, and fungible. • It is an asset that can be matched by equity and custodied without liability or counterparty risk. Importantly, bitcoin’s properties are native to the Bitcoin network. While existing institutions must coordinate the functions of a financial system, Bitcoin operates as a single institution. Instead of relying on accountants, regulators, and the government, Bitcoin relies on a global network of peers to enforce rules, shifting enforcement from manual, local, and inconsistent to automated, global, and predictable. While traditional financial institutions are subject to appeal, Bitcoin has no such fallback. Bitcoin transactions do not rely on trust but must be verified. 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There exists in such a case a certain institution or law; let us say, a fence or gate erected across a road. The more modern type of reformer goes gaily up to it and says, 'I don’t see the use of this; let us clear it away.' To which the more intelligent type of reformer will do well to answer: 'If you don’t see the use of it, I certainly won’t let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I ma...