“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:
Bernanke: ‘Bank Confiscation Unlikely In America’; ‘No Idea How Much Money We’re Giving The Banks’
U.S. Implements 4th of July ‘No Refusal’ Blood-Draw DUI Checkpoints
Android nears 80 percent market share as iOS plummets
The Hidden Edge of Junior Mining Companies
Bitcoin entrepreneur Voorhees doubles down in Panama City
U.S. to force companies to disclose if electronic materials come from war-torn countries
Police Chief and Half of an Entire Dept Arrested for 4th Amendment Violations
After seven years, exactly one person gets off the gov’t no-fly list
$80 Billion Bond Funds Sell-Off in June
Los Angeles sheriff gives comedian award for racially-motivated routine
DOJ's 'Operation Choke Point' Closing Legal Websites' Bank Accounts
Graham says FBI should confront people who view ‘Islamist’ websites
Dutch government answers questions about Bitcoin, indicates Bitcoin taxable
Obama's 'green' procurement plan creating 'de facto ban' on ammunition
Rand Paul Calls For Public Release Of Secret 'ObamaTrade' Deal Text