Any e-good Bitcoin Mining Software? [closed] which is peer-to-peer must also be deflationary. Somehow, years later, the debate rages on, still by people who seem to think that the limited supply has something to do with macroeconomic policy.
Security First and foremost, people aren’t going to trust their money with something unless they understand how it works. Ownership The major advantage to closed-source is that you can sell the software, or otherwise extract cash from its use. P2P protocol Bittorrent every single day. Puzzle Piece 2: Open Source Means Competition Open source software can be effortlessly copied. The copies can be trivially renamed, they can be trivially modified to use different colors, or words, or different starting parameters. It’s Darwinism at the speed of the information superhighway. If you don’t know that, you don’t know anything about software, and you definitely don’t know anything about Bitcoin.
Central Banks are designed to coordinate monetary policy for large areas , but: the easier it is for someone to leave a group, the harder it is to get the group’s members to do something they don’t want to do. Puzzle Piece 3: The Winner-Take-All Network-Effects of Value-Storage Citizens use only one form of money. Which commodity would best transport value across time? The fundamental challenge is to acquire something now, that someone else will want later.