The Internet of Money
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Started reading December 3, 2017
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we finally get this Internet of Money. But this
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Good afternoon, Athens! Thank you for having me today. You want disrupt? I’ve got disrupt. I’ve got downright revolution. Today, we’re going to talk about the most exciting, most interesting, and probably the most important technological invention in computer science of the last 20 years. I’m here to talk about bitcoin. Bitcoin is digital money, but it’s so much
Rahmo Alzahrani
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we saw one of the largest transactions ever recorded on the bitcoin network,
Rahmo Alzahrani
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he posited that he had found the way to create a decentralized network that could achieve consensus, agreement, without any central controlling authority.
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if you have studied computer science or distributed systems, this is known as the Byzantine Generals’ Problem. It was first described in 1982. Until 2008, it was an unsolved problem. Then, Satoshi Nakamoto said, "I have solved it."
Rahmo Alzahrani
Cs
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Bitcoin is not a company. It is not an organization. It is a standard or a protocol just like TCP/IP, or the internet.
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So,
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if I send money from my account to somebody else’s account in this peer-to-peer, completely decentralized network, it’s just like sending an email. There’s no one in the middle.
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Six and a half billion people on this planet have no connection to the world of money.
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using an international currency that can be transmitted anywhere with no fees and no government controls. They can connect
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subvert a new industry with your information technology. On