Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMU<div class="post">Unless anyone else knows a Slashdot editor, I'd be willing to submit this when 1.0 is released. (More people submitting their own versions will improve the chances of hitting the front page.)<br/><br/>(Technology Section)<br/>Headline: Bitcoin releases Version 0.3<br/>Tag: Encryption<br/>Body: How's this for a disruptive technology? Bitcoin is a peer-to-peer network based digital currency with no central bank, and no transaction fees. Using a proof-of-work concept, nodes burn CPU cycles searching for bundles of coins, broadcasting their findings to the network. Analysis of energy usage indicates that the market value of Bitcoins is already above the value of the energy needed to generate them, indicating healthy demand. The community is hopeful the currency will remain outside the reach of any government.<br/><br/>Comments?<br/><br/>[Edited the "energy backed" language.]<br/>[Eliminated the 21M number, as db suggested. Mentioning subdividing would be too wordy.]<br/>[Incorporated some of amall's suggestions, including eliminating the passive voice in the final sentence.]<br/>[Integrated satoshi's suggestions, eliminating the word "anonymous", mention of Hashcash, and the "developers expect" taunt.]<br/>[Changed the closing sentence to dwdollar's "...community is hopeful..." language. Satoshi, are you OK with that?]<br/></div> text/html