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What is Bitcoin?

"Bitcoin is a distributed software protocol that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties."

~ nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgppamhxue69uhkumewwd68ytnrwgqs6amnwvaz7tmwdaejumr0dsxxn50k

Happy #Bitcoin genesis day!

a source familiar with the matter 1w ago

So Bitcoin is not the currency?

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Discussion

sitting at an airport bar 1w ago

You’re reading it wrong.

a source familiar with the matter 1w ago

"Bitcoin is a distributed software protocol that allows for transfer of value using a currency..."

So either the definition is circular (not a definition) or Bitcoin is not the currency (or both)

Mimi 1w ago

It’s a terminology issue. It’s both the term for the trust network and the term for digital value AND yet…not mentioned in the white paper. Makes it fun! And confusing. Requiring everyone to do research.

a source familiar with the matter 1w ago

The whitepaper actually says that Bitcoin is a digital signature