Daniel Krawisz: The correct way of thinking about the - TopicsExpress



          

Daniel Krawisz: The correct way of thinking about the proof-of-work concept is as a means for a group of self-interested people, none of whom is subordinate to any other, to establish a consensus against a considerable incentive to resist it. Bitcoin could operate perfectly well without proof-of-work, as long as everyone was perfectly honest and altruistic. If they are not, then reaching a consensus is difficult. nakamotoinstitute.org/mempool/the-proof-of-work-concept/
Posted on: Thu, 17 Jul 2014 06:24:53 +0000

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