“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.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Mt. Gox Bitcoin Exchange Files for Bankruptcy, Claims $63.6m Debt
If Cops Are THIS Afraid of Each Other, Why Support Them?
North Carolina Court To Decide Whether Firemen Can Perform Traffic Stops
Fed ‘Biosurveillance’ Plan Seeks Direct Access to Private Health Records
“3% Down” Mortgages: They’re Back!
Congressman: Julian Assange About To Expose ‘Russia-gate’ Hoax
Albany police: SWAT used poor black neighborhood for training because it’s ‘realistic’
Oakland’s creepy new surveillance program
‘There’s element of panic in US policy towards Edward Snowden’
A Funny Thing Happened on the Way to the Next Bull Market
Australian Bank Publishes Report ‘Bitcoin to replace AUD?’
Silk Road supporters are trolling the FBI with Bitcoin
Iraq in Chaos. A Total Defeat for Bush’s Policies.
New York firefighter makes fake 911 calls to rob empty firehouses
Artificial Leaf Generates 100 Watts of Power from Dirty Water