“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.”
(Visited 34 times, 1 visits today)
Related posts:
Bush Presidential Library Misleads Visitors On WMDs In Iraq
Underestimate the Internet at Your Peril
Malaysian Central Bank Has No Plans To Regulate Bitcoin
40% Of US Workers Now Earn Less Than 1968 CPI-Adjusted Minimum Wage
A Computerized, Desktop Metal Fabricator for $1,400?
New Poll: 57 Percent of Americans Think Obama's Assassination Program Is Unconstitutional
Pulp Fiction: The Broken Promises of Biofuels
Should Defendants With Frozen Assets Have Right To Hire Lawyers?
US institutions to expats: 'Take your retirement account elsewhere – now'
Meet "Bitcoin Jesus" Roger Ver, the millionaire who distributes free Bitcoins
Dash cam video exposes cops killing man during routine traffic stop
Study: Public Transit Cannot Succeed Without Punishing Drivers
Freedom Train Rolls? Legitimate 'Color' Revolution in Brazil
New Domestic Terrorism Bill Targets Patriot Groups and Citizen Militias
FBI Won’t Reveal Extent of Illegal “Geek Squad” Spying