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Digital Currency Project
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Deciphering the Technology and Economics of Digital Currency
Deciphering the Technology and Economics of Digital Currency

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" Finally, at long last, Bitcoin provides a way to make at-distance economic exchange without surrendering personal info, and Benjamin Lawsky rides in on his white horse (taxpayer funded) to make that privacy illegal, and once again wrest society back into the dark ages of financial technology."

"This is not consumer protection. This is explicit surveillance of private citizens who are not accused – nor even under suspicion – of committing a crime."

" Are you listening Jeremy Allaire? Are you listening Armstrong and Ersham? Are you listening Winklevii and Andreessen? You are leaders of the industry – well, where are you leading it?"

@ErikVoorhees

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"Mainstream adoption of bitcoin will occur once the currency evolves from being a store of value into a medium of exchange"

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"First of all, let us understand the problem. The purpose of Bitcoin mining is to create a decentralized timestamping system, using what is essentially a majority vote mechanism to determine in which order certain transactions came as a way of solving the double-spending problem. The double-spending problem is simple to explain: if I send a transaction sending my 100 BTC to you, and then one day later I send a transaction sending the same 100 BTC to myself, both of those transactions obviously cannot simultaneously process. Hence, one of the two has to “win”, and the intuitively correct transaction that should get that honor is the one that came first. However, there is no way to look at a transaction and cryptographically determine when it was created. This is where Bitcoin mining steps in." - +Vitalik Buterin 

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Andreas Antonopolous gas a great beginners guide to Bitcoin.

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While in San Francisco I had my first Bitcoin transaction and bought lunch from the Ramen Underground in San Francisco’s Japan town. The waiter said he was new and only the second customer he had pay with Bitcoin. To pay, the waiter brought over an ipad…

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“It’s ironic how what terrifies the banks today is actual free market capitalism. They don’t like that. They don’t like competition. Actually having to compete with smaller competitors that are more nimble and less costly is something that they’ve been able to prevent for years with the use of regulation as a barrier to entry.” - Andreas Antonopolous
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