Well, it wouldn't be "vulnerable" to a 51% attack, this would just be controlled by a mint which was the model for cryptocurrencies until Satoshi figured out mi

Well, it wouldn't be "vulnerable" to a 51% attack, this would just be controlled by a mint which was the model for cryptocurrencies until Satoshi figured out mining: http://digitalcommons.wcl.american.edu/cgi/viewcontent.cgi?article=1389&context=aulr http://digitalcommons.wcl.american.edu/cgi/viewcontent.cgi?a... https://static.aminer.org/pdf/PDF/000/120/358/universal_electronic_cash.pdf https://static.aminer.org/pdf/PDF/000/120/358/universal_elec...