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Without a direct quote from Satoshi Nakamoto (whom ever they are) during the launch of Bitcoin, or a direct quote from the original whitepaper I'm not going to
by kleer001 11y ago
Without a direct quote from Satoshi Nakamoto (whom ever they are) during the launch of Bitcoin, or a direct quote from the original whitepaper I'm not going to buy what Wired says is how Bitcoin is "supposed to work". One, because either of those quotes would show some deep digging on the author's part. And two either of those quotes would actually support the premise.
- deleted 11y ago[deleted]
- MCRed 11y agoThe white paper goes into the issue to some extent with the "longest chain wins" method, which is effectively, hash power based voting for bitcoin software. (the software with the most hash power wins.)
- Lawtonfogle 11y agoAnd since hash power correlates with wealth, this means the wealthiest (who care enough to hash) win.
- kleer001 11y agoGood point. And I would have given more credit to the article if they had mentioned that.