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A comment on Blackouts have hit Iran. The government is blaming Bitcoin mining. Parent comment

Re:Blackouts have hit Iran. The government is blaming Bitcoi... by disruptalot on Monday January 18, 2021 @10:51AM (#25822908)
Bitcoin is not simply transactions.

- Bitcoin is an algorithmic and unchangeable monetary base.

- It's an un-censorable, neutral global payment network

- It's an immutable ledger.

What are you familiar with to compare to such a thing?

[ Parent | on HN ]
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by user-the-name on Monday January 18, 2021 @11:02AM (#25823055)
Actually, bitcoin is simply transactions.
[ Parent | on HN ]
Re:Blackouts have hit Iran. The government is blaming Bitcoi... by cesarb on Monday January 18, 2021 @11:09AM (#25823129)
To elaborate: what people think of as a "Bitcoin" (or a fraction of a Bitcoin) is under the covers the unspent output of a transaction (this includes mined coins, which are a transaction without an input). Without transactions, there's no Bitcoin.
[ Parent | on HN ]