Bitcoin and Cryptocurrency Tech (People (David Chaum (Ecash, https://chaum…
Bitcoin and Cryptocurrency Tech
What is Bitcoin? How it was created?
In 2015, W3C want to make all transaction finished on browser without any software by Bitcoin. (based on HTTP proposal)
Two advantages of cash:
Haber and Stornetta
Wei Dai in 1998
In b-money, anyone can create money using a hashcash-like system.
“Bitcoin is an implementation of Wei Dai’s b-money proposal on Cypherpunks in 1998 and Nick Szabo’s Bitgold proposal.”
Q: Why we need to have something that's scarce by design to create a free-float digital currency?
A: Because just like gold, only when a good has relatively fixed supply, can we use it a a scale for other goods.
The Monty Hall problem
The Birthday Paradox