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BTC095: Bitcoin Time Stamping w/ Pierre Rochard (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Bitcoin Mining
The idea is that in order to have a decentralized electronic cash system, you have to have an order of the transactions being added to the ledger. So it really is about ordering transactions, which again, if you look at what gold miners do is completely unrelated,. Gold transactions are ordered by physical time and space. The gold can only be in one place at a time. And it gets moved right now. We won't get into that. I think that there was kind of a disconnect between the white paper and the code. That was actually a bug that Satoshi had in the white paper"
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