I’m frustrated by flow of information I’m involving in

24 Apr
The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)

I’m reading Financial Times Europe, and in the front page there is a short article about Bitcoin – electronyc payment system created a four years ago by ‘unknown computer scientist’. Might be I mean the founder of protocol さとしなかもと wasn’t well-known computer science in the world at that time, but what says Wikipedia.org (trusted by me wiki platform, and may be by millions) he’s the creator and pseudonymous author of algorythm and ecosystem for transactions. Here you’ll find a new specie of Bitcoin a new form of digital money.

” If digital banks start to mimic conventional lenders and make loans that exceed the amount of deposits they keep on hand, the system will become prone to runs. Banking regulators will need to step in (after hiring some computer whizzes).”

Let’s copy and paste a few passages from Wikipedia’s Bitcoin page.

“Bitcoin is one of the first implementations of a concept called “crypto-currency”.”

“This virtual payments system is the financial equivalent of Latin, the language with no native speakers.” The quotation from here.

“Bitcoin is an open-source project, meaning any vulnerabilities in its code are available for those with the right technical expertise to see.”

“In 2009, the first Bitcoin specification and proof of concept was published in a Cryptography mailing list by a member under the pseudonym of Satoshi Nakamoto. Towards the end of 2010 Satoshi left the project saying he had moved on to other things. The creator of Bitcoin never revealed his identity and simply left his invention to the world. The origin and the motivation behind Bitcoin is still today a great source of mystery.” From here.

“Everyone knows who founded Bitcoin but nobody knows who he is.” From here.

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One Response to “I’m frustrated by flow of information I’m involving in”

  1. jari65 April 25, 2013 at 6:00 pm #

    Reblogged this on Jari65 Blog.

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