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Can you point me to any paper (other than the Satoshi paper) that describes an immutable distributed ledger and it's implementation? If there was no new econom
by shripadk 9y ago
Can you point me to any paper (other than the Satoshi paper) that describes an immutable distributed ledger and it's implementation?
If there was no new economics in Bitcoin, can you explain why the paper would be nominated for Nobel Prize for Economics in the first place? https://bitcoinmagazine.com/articles/satoshi-nakamoto-nominated-for-the-nobel-prize-in-economics-1447088488/ https://bitcoinmagazine.com/articles/satoshi-nakamoto-nomina...
It's quite clear that the nomination was rejected on flimsy grounds of not awarding the Prize for "unknown people" because there is no such "precedence".
- amarkov 9y ago"Look at my great new financial product!" just isn't that interesting from a theoretical perspective, even if it really is cool and innovative. Knowing how to implement an immutable distributed ledger won't help you understand anything about the economy on its own.
- Asdfbla 9y agoNot that creating Bitcoin wasn't an achievement, but it built upon heaps of existing systems that explored proof of work, distributed ledgers and so on. The main innovation was the combination of ledgers with proof of work to prevent Sybil attacks in the face of a system with unidentified participants.
- garmaine 9y agoThose are computer science advances. The nobel prize for economics about economics, not comp sci. There isn’t new economic theory in bitcoin.