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0 pointsgioele12y ago0 comments

issuer = miner

You bitcoins are accepted because they are recognized by others to be part of a block originally mined by someone.

Really not that different from how money is "printed" by central banks these days (somebody presses the "generate €1.000.000" key and that updates a value in a DB).

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justincormack12y ago

Its not a liability of the miner though. I agree it is not much different from money printing, but there is still a balancing entry, so money is a liability of the central bank, although that is meaningless.

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0 pointsgioele12y ago0 comments

issuer = miner

You bitcoins are accepted because they are recognized by others to be part of a block originally mined by someone.

Really not that different from how money is "printed" by central banks these days (somebody presses the "generate €1.000.000" key and that updates a value in a DB).

0 comments

justincormack12y ago

j / k navigate · click thread line to collapse