From 120c7cf5b1f1f10335ed331c6e9a3846017dd87f Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?Peter=20=C5=A0urda?= Date: Tue, 14 Dec 2021 14:31:18 +0800 Subject: [PATCH] Analogies update --- analogies.md | 16 +++++++++++++--- 1 file changed, 13 insertions(+), 3 deletions(-) diff --git a/analogies.md b/analogies.md index edd3380..d9a4024 100644 --- a/analogies.md +++ b/analogies.md @@ -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 +