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Bitcoin's value is decentralization
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Topic: Bitcoin's value is decentralization (Read 953 times)
Gabriel Beal
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Fezzik, tear his arms off.
Bitcoin's value is decentralization
June 19, 2011, 12:26:30 PM
#1
This blog post I found,
http://paulbohm.com/bitcoin-decentralization/
, is really well done. It did two things for me. It introduced me to the Byzantine General's Problem (which I now see is well known in the bitcoin community) and it argues really convincingly about what bitcoin's central strength is.
NTXCoin - 20%Free+75%IPO Next Exchange System address:
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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giszmo
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WalletScrutiny.com
Re: Bitcoin's value is decentralization
June 19, 2011, 01:51:31 PM
#2
Yes. Agree. Spread the word.
My concern are pools, hence the text in my signature
ɃɃ
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Is your wallet secure?
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WalletScrutiny checks if wallet builds are reproducible, a precondition for code audits to be of value.
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Gabriel Beal
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Re: Bitcoin's value is decentralization
June 19, 2011, 02:06:48 PM
#3
Yes, I think solo mining is cool. Whenever I eventually finish building my mining rig, I'll be going solo. I can handle the variance.
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bcearl
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Re: Bitcoin's value is decentralization
June 19, 2011, 03:18:47 PM
#4
Quote
Mining for good pools is as profitable as solo mining. Anything else would be a flaw in the system.
A big mining pool could have its own secret mining software, which could hash a little quicker. But that doesn't matter, the 50 % are not magical.
Misspelling protects against dictionary attacks NOT
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