When people call bitcoin a “digital currency,” they’re missing the point. The euro is a digital currency, the US dollar is a digital currency. Less than 8 percent of these currencies exist in physical form; the rest is bits on ledgers. But the fundamental difference is that these ledgers are controlled by centralized organizations, whereas in bitcoin, they’re not. Bitcoin has a decentralized network, an open network.
Antonopoulos, Andreas M.. The Internet of Money
₿rMoon /
npub10m…xgyne
2023-02-24 16:24:40
Author Public Key
npub10m00n0ek7y70zl4yp40hlpz9nhyajt3chu36tnrhlfsrcn4eglmsjxgynePublished at
2023-02-24 16:24:40Event JSON
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"content": "When people call bitcoin a “digital currency,” they’re missing the point. The euro is a digital currency, the US dollar is a digital currency. Less than 8 percent of these currencies exist in physical form; the rest is bits on ledgers. But the fundamental difference is that these ledgers are controlled by centralized organizations, whereas in bitcoin, they’re not. Bitcoin has a decentralized network, an open network. \n\nAntonopoulos, Andreas M.. The Internet of Money",
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