this post was submitted on 07 Feb 2023
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Bitcoin

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Bitcoin is an open source peer-to-peer system developed by Satoshi Nakamoto that aims to provide electronic cash. The system has no central server or trusted parties.[1] Bitcoin relies on cryptographic principles to create unique, unreproducible, and divisible tokens. Users hold the cryptographic keys to their own tokens and transact directly with each other, with the help of the network to check for double-spending

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Blockchain Easier to Trace Than Paper Money (lancengym.medium.com)
submitted 2 years ago by c0mmando@links.hackliberty.org to c/bitcoin@links.hackliberty.org
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cross-posted from: https://community.hackliberty.org/post/6684

This article makes good points to consider when we think about blockchain. Blockchain can absolutely succeed if we can evaluate it objectively and keep the purpose of it in mind. The author is dead wrong when he says it's ok for governments to come in and regulate it. The whole point of this new system is to reclaim what's ours; but our job certainly isn't finished in building the blockchain that will subvert the current system.

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