Trust bitcoin solves
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Bitcoin solves the byzantine generals problem. Where that.
Home pompliano trumps tweet puts spotlight on lack of trust bitcoin solves newsbtc july 12, 2019 july 12, 2019 anthony pompliano , bitcoin , crypto , donald trump , united states last night, the entire crypto twitter became electrified with chatter when united states president donald trump tweeted about magic internet money, also known as bitcoin and cryptocurrencies. Bitcoin, at its most basic, solves to remove the centralisation of the ledger by having a shared, decentralised, replicated public ledger which is administered by anyone and everyone running nodes and mining software. By reframing blockchain from a database solution to an overhead solution, we can better envision its potential to solve trust-based inefficiencies in processes like purchasing a car or a home.
Blockchain solves for trust, not data management.
The outspoken bitcoin evangelist who recently gifted goldbug peter schiff his first btc says he never envisioned the day when the president would be tweeting about cryptocurrencies like bitcoin. Bitcoin is the currency of the internet a distributed, worldwide, decentralized digital money. However, as pompliano points out, bitcoin addresses many of the trust issues all of humanity faces with governments and major corporations like facebook becoming so powerful and so controlling, freedom is in jeopardy.
Bitcoin cannot be stopped or controlled, and to many, bitcoin is the first glimmer of freedom from the control governments have over them, just as satoshi nakamoto designed it to be amidst the last economic collapse. That, my friend, is the problem that blockchain solved for the world a problem no one was able to solve before it. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever there is no government, company, or bank in charge of bitcoin.
10 years later arguably, bitcoin has failed in its intent so far to be. News major philippines bank. Iraqis prepare to celebrate mosul victory blocks away from raging battles.
The age of trust the problem blockchain solves that.
Pompliano trumps tweet puts spotlight on lack of trust bitcoin solves july 12, 2019 last night, the entire crypto twitter became electrified with chatter when united states president donald trump tweeted about magic internet money, also known as bitcoin and cryptocurrencies.