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Prior to Bitcoin, there was NO distributed algorithm capable of maintaining an agreed-upon blockchain of transactions in perpetuity, in a manner resistant to at

by cs702 9y ago

Prior to Bitcoin, there was NO distributed algorithm capable of maintaining an agreed-upon blockchain of transactions in perpetuity, in a manner resistant to attack by fraudulent nodes. Such an algorithm didn't exist prior to Bitcoin.

axus 9y ago
I think mayank wanted you to say "Bitcoin's peer-to-peer protocol, on the other hand, is a new distributed algorithm"
- mayank 9y ago
  I can get on board with that :)
  - cs702 9y ago
    Me too. I updated my original comment to state exactly that. I love HN :-)