Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's exact definition
by
eladkr85
on 21/07/2013, 06:03:39 UTC
Hi,
I'm trying to build bitcoin's exact definition, which will include legal status, regulation, and the whole mining thing.

Right now, the official definition is:a peer to peer decentralized crypto-currency.
This definition says nothing about regulation, and creation.
My (prototype) definition is:a peer to peer decentralized crypto-currency which isn't regulated by a country, and anyone can create it.
I'll happy to suggestions,for the new definition, which is supposed to say anything you need to completely understand the whole thing.

~|~|~|~|~|~|
EladK

Usually, the less you say in a definition, the better.

Some pepole won't understand the WHOLE bitcoin thing with this definition.