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.)
Headline: Bitcoin releases Version 0.3
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.
[Edited the “energy backed” language.]
[Eliminated the 21M number, as db suggested. Mentioning subdividing would be too wordy.]
[Incorporated some of amall’s suggestions, including eliminating the passive voice in the final sentence.]
[Integrated satoshi’s suggestions, eliminating the word “anonymous”, mention of Hashcash, and the “developers expect” taunt.]
[Changed the closing sentence to dwdollar’s “…community is hopeful…” language. Satoshi, are you OK with that?]
BTW, I did come to my senses after that brief bout with 1.3, this release is still going to be 0.3 beta not 1.0.
I really appreciate the effort, but there are a lot of problems.
We don’t want to lead with “anonymous”. (I’ve been meaning to edit the homepage)
“The developers expect that this will result in a stable-with-respect-to-energy currency outside the reach of any government.” — I am definitely not making an such taunt or assertion.
It’s not stable-with-respect-to-energy. There was a discussion on this. It’s not tied to the cost of energy. NLS’s estimate based on energy was a good estimated starting point, but market forces will increasingly dominate.
Sorry to be a wet blanket. Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.
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