A brief story of money or all you need to know about bitcoin
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The book about Bitcoin as an alternative to the traditional system of central banks.
Bitcoin can be described as a distributed computer program that allows you to exchange valuable translations using a currency protected from unexpected inflation, without relying on intermediaries. In other words, bitcoin automates the functions of a modern central bank. Moreover: when prescribing these functions in a software code distributed between thousands of machines, bitcoin guarantees an almost complete impossibility of violations. No user can change the code without the knowledge and consent of everyone else.
Thanks to these properties, Bitcoin became the first viable digital currency, and freely convertible. Yes, Bitcoin is the invention of a computer era, but the ideal that its creators guided is exciting humanity for thousands of years: a payment remedy, controlled only by its owner and almost not subject to inflation.
In this book you will find a review of the new technology, economic problems that it can solve, as well as the methods that were used to solve such problems in different historical eras. Perhaps she will convince those who consider Bitcoin a dummy or another financial pyramid. In fact, cryptocurrency continues and develops a long -standing tradition of “accumulation and savings”, and the potential of bitcoin as a stable payment agent of the digital era can surprise the most inveterate skeptics
Bitcoin can be described as a distributed computer program that allows you to exchange valuable translations using a currency protected from unexpected inflation, without relying on intermediaries. In other words, bitcoin automates the functions of a modern central bank. Moreover: when prescribing these functions in a software code distributed between thousands of machines, bitcoin guarantees an almost complete impossibility of violations. No user can change the code without the knowledge and consent of everyone else.
Thanks to these properties, Bitcoin became the first viable digital currency, and freely convertible. Yes, Bitcoin is the invention of a computer era, but the ideal that its creators guided is exciting humanity for thousands of years: a payment remedy, controlled only by its owner and almost not subject to inflation.
In this book you will find a review of the new technology, economic problems that it can solve, as well as the methods that were used to solve such problems in different historical eras. Perhaps she will convince those who consider Bitcoin a dummy or another financial pyramid. In fact, cryptocurrency continues and develops a long -standing tradition of “accumulation and savings”, and the potential of bitcoin as a stable payment agent of the digital era can surprise the most inveterate skeptics
Author:
Author:Ceifedin Ammus
Cover:
Cover:Hard
Category:
- Category:Business & Money
Paper:
Paper:White
Series:
Series: Business
Age restrictions:
Age restrictions:16+
ISBN:
ISBN:978-5-00117-918-4
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