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Analogies update

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Peter Šurda 2021-12-14 14:31:18 +08:00
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@ -11,7 +11,7 @@ Another often used analogy. Bitcoin is used as a store of value. It is
scarce. It is expensive to produce. It is a commodity, what is Bitcoin isn't
determined by a law or by a contractual arrangement.
## Bitcoin is like brain
## Bitcoin is like the brain
Similarly as a brain consists of cells, Bitcoin consists of nodes (computers).
The functionality of the brain isn't located in any single cell, but in the
@ -20,13 +20,23 @@ each cell contains a DNA. Bitcoin's nodes also work together to form Bitcoin.
## Bitcoin is like a central bank
Just like central bank has a ledger recording how much money is created, how
much there is in each account and how it is transferred between the accounts,
Bitcoin also has a record of these events. The main difference is that a
central bank is, well, centralized, having a formal group of people making
decisions, Bitcoin is decentralized and there is no such group of people.
## Bitcoin is like the internet
Internet allows people to connect their computers together and exchange
information. Bitcoin allows people to connect their computers and exchange
value.
## Bitcoin is like an auditor
Bitcoin has thousands and tens of thousands of computer verifying all the times
that the records are adhering to the rules.
## Bitcoin is like the economy