Bitcoin is the first cryptocurrency. It has an open source that no one owns or controls. Its transactions and emissions are regulated by an extensive peer-to-peer network. The cryptocurrency uses a single database distributed on the network, included in a decentralized peer-to-peer network that uses an electronic digital signature and is supported by a proof-of-work protocol to ensure the security and legitimacy of the funds put into circulation.

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Peter Todd/mempoolfullrbf=1

The acid test for any two competing socioeconomic systems is which side needs to build a wall to keep people from escaping? That’s the bad one!

RT @peterktodd: Excellent point.