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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 scarce. It is expensive to produce. It is a commodity, what is Bitcoin isn't
determined by a law or by a contractual arrangement. 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). 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 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 ## 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 ## 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 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 ## Bitcoin is like the economy