#Bitcoin

#Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted. #quotestr

#Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted. #quotestr

#Bitcoin #quotestr

The #future of #money is not about the #currency itself, but about the #technology that enables it. #BITCOIN 🧡 #quotestr 💜

Our ancestors said, "This is as good as written in stone." Our grandchildren will say, "It is as good as written on the blockchain. Andreas M. Antonopoulos, The #Internet of #Money V2 #quotestr #bitcoin

Bitcoin is digital money. But that doesn’t really capture it. It’s more like the internet of money. But really it’s a consensus decentralized network based on blockchain technology and a proof-of-work algorithm that allows a digital token to act as a reward system for a game-theoretical competition between decentralized miners who validate—and "Oh my…,” it immediately goes off the cliff. — Andreas M. Antonopoulos, The Internet of Money #quotestr

#Bitcoin is often mistakenly characterized as “anonymous” currency. In fact, it is relatively easy to connect identities to bitcoin addresses and, using big-data analytics, connect addresses to each other to form a comprehensive picture of someone’s bitcoin spending habits. Andreas M. Antonopoulos, Mastering #Bitcoin: Unlocking Digital #Cryptocurrencies

Bitcoin represents a fundamental transformation of money. An invention that changes the oldest technology we have in civilization. That changes it radically and disruptively by changing the fundamental architecture into one where every participant is equal. Where transaction has no state or context other than obeying the consensus rules of the network that no one controls. Where your money is yours. You control it absolutely through the application of digital signatures, and no one can censor it, no one can seize it, no one can freeze it. No one can tell you what to do or what not to do with your money. It is a system of money that is simultaneously, absolutely transnational and borderless. We’ve never had a system of money like that. Andreas M. Antonopoulos, The Internet of Money #quotestr

Approximately 1 billion people currently have access to banking, credit, and international finance capabilities—primarily the upper classes, the Western nations. Six and a half billion people on this planet have no connection to the world of money. They operate in cash-based societies with very little access to international resources. They don’t need banks. Two billion of these people are already on the internet. With a simple application download, they can immediately become participants in an international #economy, using an international currency that can be transmitted anywhere with no fees and no government controls. Andreas M. Antonopoulos, The Internet of Money #quotestr

#Bitcoin consists of: A decentralized peer-to-peer network (the bitcoin protocol) A public transaction ledger (the blockchain) A set of rules for independent transaction validation and currency issuance (consensus rules) A mechanism for reaching global decentralized consensus on the valid blockchain (Proof-of-Work algorithm) Andreas M. Antonopoulos, Mastering #Bitcoin: Programming the Open #Blockchain #quotestr

One of my favorite words is a French word: sousveillance. It is the opposite of #surveillance. Surveillance means to look from above; sousveillance means to look from below. In their dream of nation-states controlling all of our financial futures, they made one major miscalculation. It’s a hell of a lot harder for a few hundred thousand people to watch 7 1/2 billion. But what do you think happens when 7 1/2 billion of us stare back? When the panopticon turns around? When our financial systems, our communication systems, are private, and secrecy is an illusion that can’t be sustained? When crimes committed in the names of states and powerful corporations are vulnerable to hackers and whistleblowers and leakers? When everything eventually comes out? We have a great advantage because the natural balance of the system is one in which individuals can have #privacy but the powerful cannot have secrecy anymore. Andreas M. Antonopoulos, The Internet of Money #quotestr #bitcoin