3 ms·

> if there are no conflicts (double spends). What about when there are, though?

• hannasanarion 8y ago
  Then let the person that everyone agrees to be an authority (the project owner) decide, not the person who happens to own the most GPUs.
  • darawk 8y ago
    That's a model that's totally great for open source projects. Not so much for currencies, or stock trading.
  • madeofpalk 8y ago
    How is this any different from a government or central bank?
• tomp 8y ago
  Merge doesn't happen, participants resolve the issue or raise a conflict with the central authority. Same as with Ethereum :D