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Bitcoin is all about the underlying PROTOCOL, not the currency itself. Note that the currency only has value because the protocol is sound. What is the protoco
by spectrum1234 12y ago
Bitcoin is all about the underlying PROTOCOL, not the currency itself. Note that the currency only has value because the protocol is sound.
What is the protocol? Basically it allows you to trust a network in which you don't have to trust any participants. Think about that for a minute - THIS IS A PHENOMENAL ACHIEVEMENT.
Use cases for bitcoin? Who cares.
Use cases for the protocol? Countless. Just give it time. Its existed only for ~6 years people!
- spectrum1234 12y agoAlso, does anyone else find it hilarious that so many of these articles talk about bitcoin in the "now" even though it was invented yesterday in the grand scheme of things? If you aren't gonna at least address this there is no way I'm respecting your critique sorry.
- barce 12y agoYes, the protocol is revolutionary. I can put data into the blockchain that nobody can censor: http://bitcoin.stackexchange.com/questions/4315/how-can-i-insert-an-arbitrary-sha256-hash-into-the-blockchain/4316#4316 http://bitcoin.stackexchange.com/questions/4315/how-can-i-in... It would be possible to create an image service free of Instagram's tyranny via the blockchain.