"Any competent programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micropayments, subscriptions, crowdfunding, and more." Naval Ravikant (Founder @AngelList)
"Why store my money with strangers who may make crazy bets on derivatives (JPMorgan)? ! • Why keep my money in a bank that could threaten to seize it (Cyprus)? ! • Why keep my hard-earned savings in a currency that could be devalued because of an incompetent government (Argentina)?” ! Chamath Palihapitiya
building "entrepreneurs and developers are now building technology on top of Bitcoin to make it more useful, more accessible, and more secure.” Fred Wilson
- Digital signatures - P2P network - Distributed blockchain (ledger) - Proof of work system to prevent double spending => The system doesn’t require trust
design supports a tremendous variety of possible transaction types that I designed years ago. Escrow transactions, bonded contracts, third party arbitration, multi-party signature, etc." Satoshi
for transactions e.g. "A list of instructions recorded with each transaction that describe how the next person wanting to spend the Bitcoins being transferred can gain access to them."
programmer has an API to cash, payments, escrow, wills, notaries, lotteries, dividends, micro- payments, subscriptions, crowdfunding, and more." Naval Ravikant (Founder @AngelList)
on the API connecting to the bitcoin client to other transport layers / data back-ends.” (…) "A radio station could transmit the block-chain over short-wave radio so that everyone in the world has access to it. The same API could be used for a program to automatically import the block-chain updates in the Bitcoin software."