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BTC077: Bitcoin Solves the Time Stamping Problem w/ Gigi (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Proof of Work Is the Only Thing That Works
There is no global time in the universe, because of relativity. A light signal takes like milly seconds to travel from one place of the earth to the other. And so if you reduce the block time to lower than 50 millio seconds, for example, it would be absolutely impossible to find consensus. That's also why chains that have slower em shorter block times, they have more orphan blocks,. and bitkon's ten minutes is just, like, ok, that's good enough.
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