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#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
Lex Fridman Podcast
The Quintessential Problem in a Blockchain
The first one to solve a cryptographic puzzle has the right to add one page to the ledger on behalf of everybody else. The effort you put in is somehow correlated with how much trust you should be given, he says. "I would have tremendous power to say, these are the transactions that the entire world should see and whatever I don't write, this transaction will never see the light of day"
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