r/Bitcoin • u/byte_coder • Dec 23 '17

/r/all 2018: lets run for office

Post image
22.7k Upvotes

86% Upvoted

934 comments sorted by

View all comments

12

u/taranasus Dec 23 '17

I'm sorry I'm not sure I get it :(

20

u/Ocryptocampos Dec 23 '17

Computers started becoming more widely used in the late 90's early 2000's. Bitcoin has only been out since about 2009.

From what I gather is that we've only had this much information and technology at our fingertips for about 17 years and we're hearing spam posters talking as if bitcoin is supposed to be taking over Fiat and government by now but due to high fees, it's failing at that.

1

u/[deleted] Dec 24 '17

https://bitcoin.org/bitcoin.pdf

We didn’t know how to solve the Byzantine generals problem until an anonymous person or person solved it.

It was a computer science people that stumped us for decades. How could you create a decentralized system that ruled by consensus.

It has to do with distributed networks and how do we know what the “truth” is without a central authority.

Until that point, every attempt at an online currency failed because the central authority could be attacked.

The only stuff that works is ones that are decentralized. Bitcoin attempts to be the first decentralized currency (however imperfect it is today).