“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:
Pro-War Hillary Faces Backlash Over Female Draft
The Taper Trap
Bitcoin Price Hits $1,000 After Doubling in 7 Days. What Next?
Even its Creators Want to Shut Down the Asset-Forfeiture Racket [2014]
Former S.C. Republican official: ‘C*cksucker’ anti-war vet should have ‘come home in a body bag’
What the Eurozone Financial Crisis Is Really About
Pentagon: 50% more drone flights by 2019, adding China, Russia coverage
Washington lawmakers quietly approve bill to re-criminalize some marijuana possession
$21 million later, London police stop waiting out Assange at embassy
First Pot, Now Hemp: Directed History of Cannabis Legalization Evolves
America’s “State-Run” Economy Just Like China’s?
Jeffrey Tucker on arrest of Bitinstant's Charlie Shrem
CEO of Russian Sberbank ‘Endorses Virtual Currencies’
Sorry Kanye, Coinye Is Here to Stay
Doug Casey on Russia and Russian Stocks