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BTC095: Bitcoin Time Stamping w/ Pierre Rochard (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Why Is Bitcoin's Relationship to Time So Important?
As long as the correlation between the work and the hashing and the time is close enough, really, the impact on the average user is that they'll think that a Bitcoin transaction, three confirmations on average, 30 minutes. But maybe for their transaction, it turns out to be an hour, even though it was included in the first block. And so I think that brings it home for folks of, well, this is not a process that is as controlled as you might have in other contexts, but it is necessary for decentralization.
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