Dyndy.net: Engineering the Future of Money for Democratic Economy (2011)

8 June 2011, dusan

DYNDY is an effort at building a Pattern Language for Alternative and Complementary Money Systems to inform and empower grassroots communities with concepts and tools to overcome scarcity, instruments and reflections for the Exodus from proprietary money.

DYNDY was launched in November 2010 at De Balie culture centre, Amsterdam.

Publisher: dyne.org foundation, 2010-2011
Published under GNU FDL license

authors

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The Bitcoin Sun, No. 1-4 (2011)

6 June 2011, dusan


The Bitcoin Sun: The Rise of Namecoin
Edition 4, 6 June 2011

Includes story about Namecoin project, and interview with Rick Falkvinge, the founder of the Swedish Pirate Party.

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The Bitcoin Sun: Bitcoin and the Faceless Entrepreneur
Edition 3, 29 May 2011

authors

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The Bitcoin Sun: The Low Over-Head Revolution
Edition 2, 23 May 2011

Includes feature article by Kevin Carson.

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The Bitcoin Sun: From Alice to Bob
Edition 1, 15 May 2011

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Satoshi Nakamoto: Bitcoin: A Peer-to-Peer Electronic Cash System (2009)

20 February 2011, dusan

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they’ll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

Published on 24 May 2009
9 pages

author
wikipedia

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