April 19, 2011

Gavin Andresen on Bitcoin

Key materials
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Gavin Andresen, project lead of the open source, decentralized, and anonymous virtual currency project Bitcoin, talks about the project. Andresen explains how the peer-to-peer currency functions and talks about what allows Bitcoin to operate without a central bank, why it doesn’t have to rely on intermediaries, and how it overcomes the double-spending problem. He also discusses the project’s implications for government regulation, what attracted him to the project, and Bitcoin inventor Satoshi Nakomoto’s motivation for creating the currency.