91. The Immaculate Conception: Bitcoin vs The Fiat Standard
The Bitcoin Standard Podcast
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Bitquin - Proof of Work Problem Solved
Bitquin is a, you know, it's a record of transactions that exist over tens of thousands of computers. The way he did it was to have this expensive a ritual called proof of work being performed before any of the members of the network proposes a block of actions for them to be added on to the record. He said: "We don't evaluate any claim for the transactions. We only evaluate the claim that has done the work and that has spent the money"
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