1. Decentralized
Although its true, there is still people that thinks that its bad since no one can "protect" the market value of bitcoin.It atracts the attention of diferent people when compared to centralized solutions.
Topic: Why did precursors to Bitcoin Fail? - page 2. (Read 1752 times)
It atracts the attention of diferent people when compared to centralized solutions.
Why bitcoin succeeded:
1. Decentralized
2. Open source code
3. Strong community support
1. Decentralized
2. Open source code
3. Strong community support
Pretty disappointing answers frankly......
As we all know, BTC doesn't have any fixed value, and it isn't related to anything with a fixed value. This could be the difference, though in my mind, there never were anything comparable to BTC.
Likely decentralization, but wasn't the double spend an issue with the others and bitcoin solved that? I could be wrong about that though.
This. The others had a big target on their backs and could be taken down. And were.
Why did Napster fail while Bittorrent has not?
I thought all the precursors were centralized and the authorities pulled the plug on at least one of them. Bitcoin is the first decentralized solution that the authorities cannot pull the plug on.
Likely decentralization, but wasn't the double spend an issue with the others and bitcoin solved that? I could be wrong about that though.
So Bitcoin solved the Byzantine general problem...
It didn't. https://bitcointalksearch.org/topic/who-solved-the-bizantine-generals-problem-934626
Satoshi implied that price of 1 BTC will be raising all the way to the moon. This made Bitcoin popular.
Bitcoin would of been had it's plugged pulled long ago by the authorities if it were centralised like your previous examples.
So Bitcoin solved the Byzantine general problem. Everyone is working on the next hash, the first to find it gets to draft the next master ledger which is then shared with all, the longest chain always wins......... or something like that
So I am confused..... what truly differentiated Bitcoin from its precursors: "eCash", "Nanobarter", "BitGold" & "BitGold-Markets" yada yada
Were these precursors simply ideas on paper and Bitcoin was the first real open source coded attempt? Were prior efforts not decentralized?
Is that really all it comes down to?
What specific piece did Satoshi add to the mix that created the technological tour de force that became Bitcoin? Or was it simply adoption? Bitcoin was adopted by millions the others were not??
So I am confused..... what truly differentiated Bitcoin from its precursors: "eCash", "Nanobarter", "BitGold" & "BitGold-Markets" yada yada
Were these precursors simply ideas on paper and Bitcoin was the first real open source coded attempt? Were prior efforts not decentralized?
Is that really all it comes down to?What specific piece did Satoshi add to the mix that created the technological tour de force that became Bitcoin? Or was it simply adoption? Bitcoin was adopted by millions the others were not?
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