This Is What Global Open-Source Money Seems Like
Some insist bitcoin simply can't be money because it has no basis in the material world. But the argument owes more to semantics than reality.
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Bitcoin, an open-source monetary system, can supercharge open-source development projects and vice versa.
"If you can, you should." Never has this phrase been more applicable than in the realm of open source technology. For those not in the know, "open source" refers to any code or blueprint that has been deliberately made available for reproduction-basically, one not subject to copyright restrictions. Bitcoin, of course, is a prime example. It sounds simple, but the effects of open source technology are quite profound. Advocates love to talk about freedom and creativity, but the greatest aspect of the open source community is how efficient it is. Everyone can see exactly how an open source....
The Bitcoin network has been supporting the Open Execution principle for quite some time now, as services owners can’t run away with people’s bitcoins, and no one else can use your coins and send them to somebody else. Moreover, no additional money can be created out of thin air. Open source software is part of the nature of digital currency and blockchain technology, as these solutions belong to everybody in the world who wants to embrace them. But some people have started to look beyond open source, and the term Open Execution is starting to pop up more often. But what does this new term....
One of Bitcoin's most important security features, a crucial property that makes the system trustless, is its open source nature. Because Bitcoin’s code is open source, anyone able to read code can check for themselves whether it does what it's supposed to do. Plus, as per Linus's Law: Given enough eyeballs, all bugs are shallow. But open source code doesn't necessarily eliminate all risk. Users still need to trust that the software they run on their computers actually reflects the open source code as it should. To eliminate this risk, Bitcoin developers have developed a fierce security....
Bitcoin was released to the public as an open source project that allows anyone in the world to not only transact in a decentralized manner, but also help modify the code. Many open source projects like Linux have started with the source code followed by a myriad of alternative implementations. However, for some reason, in the Bitcoin space alternative....