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Nakamoto scheme

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Bob Mottram 2017-12-11 10:39:57 +00:00
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docs/jargon-org.txt
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@ -19,7 +19,7 @@ Free Documentation License".
* Generated
This file last generated Sunday, 30 April 2017 10:37AM UTC
This file last generated Monday, 11 December 2017 10:37AM UTC
* Glossary
** (
@ -5931,6 +5931,9 @@ vi. See like nailing jelly to a tree.
*** naive user
n. A luser. Tends to imply someone who is ignorant mainly owing to inexperience. When this is applied to someone who has experience, there is a definite implication of stupidity.
*** nakamoto scheme
Originally coined by Preston Byrne, in which the modus operandi of Bitcoin is considered to be sufficiently dissimilar to a pyramid scheme to warrant the creation of a new term. In a pyramid scheme there is typically one villain at the top, but within a system like Bitcoin the prime mover is the algorithm and not any particular individual - even its original inventor. Like a pyramid scheme, the algorithm determines from the outset how value to get distributed within the system. What superficially appears impartial and coldly mathematical has a predetermined social outcome.
*** nano
/nanoh/ , n. [CMU: from nanosecond ] A brief period of time. Be with you in a nano means you really will be free shortly, i.e., implies what mainstream people mean by in a jiffy (whereas the hackish use of jiffy is quite different see jiffy ).

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@ -18,7 +18,7 @@ Free Documentation License".
</p>
<H2>Generated</H2>
<p>
This file last generated Sunday, 30 April 2017 10:37AM UTC
This file last generated Monday, 11 December 2017 10:37AM UTC
</p>
<H2>Glossary</H2>
@ -6944,6 +6944,10 @@ This file last generated Sunday, 30 April 2017 10:37AM UTC
<p>
n. A luser. Tends to imply someone who is ignorant mainly owing to inexperience. When this is applied to someone who has experience, there is a definite implication of stupidity.
</p>
<H4>nakamoto scheme</H4>
<p>
Originally coined by Preston Byrne, in which the modus operandi of Bitcoin is considered to be sufficiently dissimilar to a pyramid scheme to warrant the creation of a new term. In a pyramid scheme there is typically one villain at the top, but within a system like Bitcoin the prime mover is the algorithm and not any particular individual - even its original inventor. Like a pyramid scheme, the algorithm determines from the outset how value to get distributed within the system. What superficially appears impartial and coldly mathematical has a predetermined social outcome.
</p>
<H4>nano</H4>
<p>
/nanoh/ , n. [CMU: from nanosecond ] A brief period of time. Be with you in a nano means you really will be free shortly, i.e., implies what mainstream people mean by in a jiffy (whereas the hackish use of jiffy is quite different see jiffy ).

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nakamoto scheme
Originally coined by Preston Byrne, in which the modus operandi of Bitcoin is considered to be sufficiently dissimilar to a pyramid scheme to warrant the creation of a new term. In a pyramid scheme there is typically one villain at the top, but within a system like Bitcoin the prime mover is the algorithm and not any particular individual - even its original inventor. Like a pyramid scheme, the algorithm determines from the outset how value to get distributed within the system. What superficially appears impartial and coldly mathematical has a predetermined social outcome.