Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 2 years ago

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dgerard@awful.systems

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17 years* (infosec.pub)

submitted 1 week ago by Sine_Fine_Belli@lemmy.world to c/buttcoin@awful.systems

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cross-posted from: https://lemmy.blahaj.zone/post/37913022

https://mastodon.online/@FranckLeroy/109627512801712672

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[–] corbin@awful.systems 12 points 1 week ago (1 children)

Nakamoto didn't invent blockchains; Merkle did, in 1979. Nakamoto's paper presented a cryptographic scheme which could be used with a choice of blockchain. There are several non-cryptocurrency systems built around synchronizing blockchains, like git. However, Nakamoto was clearly an anarcho-libertarian trying to escape government currency controls, as the first line of the paper makes clear:

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

Not knowing those two things about the Bitcoin paper is why you're getting downvoted. Nakamoto wasn't some random innocent researcher.

[–] magnetosphere@fedia.io 6 points 1 week ago

Thank you! This was the information I was looking for. Apologies to everyone I annoyed.