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Adam Back: Two Bitcoin interviews (back-to-back)

Crypto Voices

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Is Bitcoin for Everyday Payments?

The protocol that Matt mentioned is something that I invented for early use cases actually in 1997. It was just a way to sort of control spamming at a cost to internet bandwidth use, things like that. So that's very industrial electronic mining process with warehouse and data centers around the world. But those data centers are basically converting electricity and equipment cataloging into bitcoins. And so it's important for them to have reliable and redundant internet connections.

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