James A. Donald wrote: > > Fortunately, it's only necessary to keep a > > pending-transaction pool for the current best branch. > > This requires that we know, that is to say an honest > well … [Read more...] about Re: Bitcoin P2P e-cash paper
james a. donald
Re: Bitcoin P2P e-cash paper
In the following email, Satoshi outlines how the proof-of-work chain he developed is a solution to the Byzantine Generals' Problem James A. Donald wrote: > It is not sufficient that everyone knows … [Read more...] about Re: Bitcoin P2P e-cash paper
Re: Bitcoin P2P e-cash paper
In this email, Satoshi makes clear the value of Bitcoin over existing payment systems. Checks can bounce a week or two later and credit cards take months to settle. A Bitcoin transaction can be … [Read more...] about Re: Bitcoin P2P e-cash paper
Re: Bitcoin P2P e-cash paper
James A. Donald wrote: > Furthermore, it cannot be made to work, as in the > proposed system the work of tracking who owns what coins > is paid for by seigniorage, which requires inflation. If … [Read more...] about Re: Bitcoin P2P e-cash paper
