Athul Roy on Nostr: What #Bitcoin does is that it essentially say the money and the speech are the same ...
What #Bitcoin does is that it essentially say the money and the speech are the same thing. Eg a Swiss bank account, if you know the number and the password to the that it is as good a money. You can cross borders with it. So anyone obviously can’t stop you from crossing the border with money you have in a bank account somewhere remotely. Think of #Bitcoin as a bank account in the cloud and it completely decentralized. Not the Swiss not the American or Chinese government. Its all the participants in the network enforce it and so the ledger, the disturbed database, its called time-chain, it is held in the cloud by all the parties involved. It can’t be broken by any of them. It’s cryptographically too strong you would have to compromise the entire network to take over #Bitcoin. Not even NSA can do it and the value of the #Bitcoin is a bounty. So if value of the all #Bitcoin today is 1 trillion dollars, it’s the 1 trillion dollar bounty and any hacker who can go break back that can collect a lot of that money but they can’t. So it shows you how strong it is. Even the NSA couldn’t break the time-chain today.
Published at
2024-10-10 10:46:28Event JSON
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"content": "What #Bitcoin does is that it essentially say the money and the speech are the same thing. Eg a Swiss bank account, if you know the number and the password to the that it is as good a money. You can cross borders with it. So anyone obviously can’t stop you from crossing the border with money you have in a bank account somewhere remotely. Think of #Bitcoin as a bank account in the cloud and it completely decentralized. Not the Swiss not the American or Chinese government. Its all the participants in the network enforce it and so the ledger, the disturbed database, its called time-chain, it is held in the cloud by all the parties involved. It can’t be broken by any of them. It’s cryptographically too strong you would have to compromise the entire network to take over #Bitcoin. Not even NSA can do it and the value of the #Bitcoin is a bounty. So if value of the all #Bitcoin today is 1 trillion dollars, it’s the 1 trillion dollar bounty and any hacker who can go break back that can collect a lot of that money but they can’t. So it shows you how strong it is. Even the NSA couldn’t break the time-chain today.",
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