Bitcoin is the first ever distributed delusion of money which can be achieved by winning numbers in complicated math strings and can be later stored and exchanged via public ledger.
Primedice login ID : magnesium
Primedice login ID : magnesium
That really sucks.
my take:
"A purely peer-to-peer version of electronic cash that allows online payments to be sent directly from one party to another without going through a financial institution, where digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending, a solution to the double-spending problem is using a peer-to-peer network which timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work, where the longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power, and as long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers, so the network itself requires minimal structure and messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone."
Come at me haters.
its pretty cool to see how people would explain bitcoin in 1 sentence 
