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David Schwartz 'Bitcoin's White Paper Was a Model T for Payments'


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In 1991, my patent for a multi-level distributed computer network was granted. I was working on graphics rendering problems requiring significant amounts of CPU power and wanted to distribute computing-intensive tasks to a network of devices.

The goal was to have a number of computers performing simple tasks to contribute to a single result. Creating this system, though, was a complicated task.

After the publication of Satoshi's white paper, that's no longer the case. Outlined in the paper was a peer-to-peer payment system poised to disrupt the financial industry, one that gave people the power to conduct transactions across a distributed network without the need for trusted middlemen.....

The story continues: https://www.coindesk.com/bitcoin-jump-started-democratization-payments/

Part of: https://www.coindesk.com/category/bitcoin-white-paper-reviewed/

Nice to see an article from JK on Coindesk.

Edited by Ripplezzzz
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good read                                                                                                                                                                                                                                                         _

Edited by titi112
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