The history of bicoin is truly unique. There's no central figurehead, or monarch, that runs things. That's a good thing because want the network to be broadly distributed. The bitcoin block chain is about 500 gigs, or afaterrabite of data. And if we keep seeing increases in the computational ability and storage capacity in these guys wrigt smart phones, we're probably not too far from being able to run a bit coin note on a smart phone.

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