“As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.” ~ Satoshi Nakamoto

"As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value." ~ Satoshi Nakamoto submitted by /u/killsonicme
[link] [comments]

Bitcoin

AGENT-BASED TURING COMPLETE TRANSACTIONS INTEGRATING FEEDBACK WITHIN A BLOCKCHAIN SYSTEM (patentscope.wipo.int)

This invention relates generally to blockchain implementations and is suited for, but not limited to, use with the Bitcoin blockchain. It can be used for the implementation of automated processes such as device/system control, process control, distributed computing and storage and others. The invention provides a solution which uses a blockchain to control a process executing on a computing resource. In a preferred embodiment, the computing resource, running simultaneously and in parallel to…

Bitcoin