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ORIGIN OF BITCOIN (2)

Summary by Vértigo Político
“Before the Bitcoin getting consensus required a central authority. Think of a traditional bank. The bank is needed to maintain an internal accounting book of accounts and balances, including its balance and transaction history. It would be impossible to keep accurate records without a reliable centralized entity that determines what is true for everyone in this situation. “Now imagine an innovation that eliminates the need for the centralized e…
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Vértigo PolíticoVértigo Político

ORIGIN OF BITCOIN (2)

“Before the Bitcoin getting consensus required a central authority. Think of a traditional bank. The bank is needed to maintain an internal accounting book of accounts and balances, including its balance and transaction history. It would be impossible to keep accurate records without a reliable centralized entity that determines what is true for everyone in this situation. “Now imagine an innovation that eliminates the need for the centralized e…

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Vértigo Político broke the news in on Sunday, May 4, 2025.
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