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Basics_02: Monetary History & The Rise of Bitcoin
Blue Collar Bitcoin
Bitcoin and the Byzantine Generals Problem
In the digital realm, a ledger is absolutely necessary. Whereas in the physical realm, we can have tokens. And this is where in a ledger centralized authorities have been able to stop the double spending problem. But how do you move from a centralized authority to a decentralized authority when no one is monitoring it? That's the Byzantine Generals problem.
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