
“When Satoshi Nakamoto created the Bitcoin protocol he envisioned the system not only as a way of moving money from one owner to another, but also as a broader mechanism to manage agreements and instructions, by creating a space within Bitcoin transfers where users could enter scripts stating conditions for their transactions. This functionality opens a whole new game where service providers and startups can build on top of the Bitcoin network to create new products and services with innovative business models. In this interview Mike Hearn, Google Engineer and Bitcoin Core Developer, explains what was Satoshi’s idea and what applications he envisions for the future of Bitcoin.”
Related posts:
Norway and UK Contemplate Central Bank-Issued Cryptocurrencies
Indiana: Court Overturns Stop For Hole In Tail Light
More Compelling Evidence that America’s Corporate Tax System Is Pointlessly Destructive
IRS employee union: We don’t want Obamacare
DEA Rehires "Con Man Extraordinaire" and Admitted Multiple Perjurer as Paid Informant
NYPD Spent 1 Million Hours Making 440,000 Marijuana Possession Arrests Over Last Decade
Berlin Becomes Latest ‘Bitcoin Hotspot’
US Is Killing More Civilians in Syria Air War Than Assad Is
Japan Ramps Up its Monetary Race to the Bottom
Internet-enabled sex toy sends users' intimate data to its creator
The FED’s Dilemma
Mission KS Police Take Down, Cavity Search Mom In Front Of Children
How Dogecoin changed my perspective on cryptocurrency
U.S. Court: Journalist Barrett Brown Can't Talk To The Press Any More
Saudis withdraw from US-backed starvation blockade in Yemen