“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:
A Neutral Look At Police Brutality
Swiss banking chief tries to quell clamor about gold
Cyprus Depositor Bail-In Set At 47.5%
How LA Regulated A Burger Stand Out of Existence
Everyone Is Baffled By Alan Greenspan's Comment About Bitcoin
Rahmaland Cigarette Tax Increases by $1 a Pack
Fed Still on Red Alert
Bill Bonner: Where did the US$ 700 billion go?
A Powerful Weapon of Financial Warfare: The US Treasury’s Kiss of Death
Policymakers Call for Division, Destruction and Occupation of Syria
David Nghiem: Living Through Financial Collapse
Bitcoin Hardware Wallet: Alpha Software Demonstration
Sioux tribes take to the Internet to buy back sacred land
Samsung workers are given 32 seconds to assemble phones
Gun Revolution: The WikiWeapons Project (3D Printer)