Unpermissioned System allows participates to rename Anonymous and requires no Authentication

Unpermissioned System implies open to all.

Unpermissioned System is precisely what has made bitcoin so ground-breaking:

  • it allows the transfer of value to anyone, anywhere in the world that has an internet connection
  • outside of the control of banks or other payment processors.

In ensuring that no one owns the network, you give it to everyone. That is one of the major reasons why people who use bitcoin trust it. They know a transaction, once executed, is effectively irreversible.

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« This page (revision-4) was last changed on 31-Jul-2016 10:22 by jim