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  1. 2024年4月3日 · Bitcoin is an open source peer-to-peer (a.k.a "p2p") electronic cash system that's completely decentralised, with no central server, trusted authorities or middle men. The availability of bitcoins can't be manipulated by governments or financial institutions.

  2. 1 Discussion Summaries. 1.1 Summary of a p2p-based critique by Michel Bauwens. 1.2 A comprehensive critique of the weaknesses of bitcoin. 1.3 A summary of BitCoin criticisms. 1.3.1 Severe Problem Number 1: Seeding Initial Wealth. 1.3.2 Severe Problem Number 2: Built in Deflation. 1.3.3 Severe Problem Number 3: Lack of Convertibility.

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  4. As such, the bitcoin platform (or blockchain) allows for the deployment of decentralized applications that combine the benefits of cloud computing — in terms of ubiquity and elasticity — with the benefits of P2P technologies in terms of privacy and anonymity. Even though the blockchain is inherently transparent (as every transaction is ...

  5. 14.10 Opportunities and Pitfalls for a progressive use of the blockhain. 14.10.1 Pitfall #1: We can replace messy and time-consuming social processes with elegant technical solutions. 14.10.2 Pitfall #2: The technical can instantiate new social or political processes. 14.11 The Blockchain's Major Design Flaw.

  6. Discussion Brian Page: "Since bitcoin is too volatile to be used as a daily currency, we’re developing what we call bit assets, which are pegged to real world assets. This includes bit assets like bitUSD, bitYuan, bitGold, etc. This allows the user to immediately ...

  7. Bitcoin and our chosen Bitcoin 2.0 version, MicroBitcoin, each hold several meanings in their embedded numbers. The choice of mining only 21 million units is not random, nor is the significance of the eight decimal places, or the four-year halving period ...

  8. But the problem with Proof of Work is that specialized machines have been created specifically for Bitcoin mining and now Bitcoin mining is no longer possible using your personal computer. Entire companies have sprung up around Bitcoin mining and have sunk vast amounts of fiat into their operations to increase their mining rate.