network open source

Jim H
By Jim H on Tue, Dec 3, 2013 - 8:47pm

Understanding the value proposition; The Bitcoin payment network

In my early writings on Bitcoin here at, I stressed the elegance of the Bitcoin network... I could see the way the deflationary nature of the currency would motivate the Bitcoin "miners" who run the network nodes to continue their endeavors in both creating new Bitcoins, as well as maintaining the Blockchain.. the Bitcoin DNA.. aka the Ledger.  I did not though see the broad usefulness of the ledger itself.  This then is one aspect of the, "aha" which some of us are going through now.