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I don't think Bitcoin is even trying to solve the same problem Chaum's ecash was. Bitcoin is about creating a distributed, consistent transaction ledger; ecash
by bcoates 13y ago
I don't think Bitcoin is even trying to solve the same problem Chaum's ecash was. Bitcoin is about creating a distributed, consistent transaction ledger; ecash is more like a conditionally anonymized electronic certified check.
- betterunix 13y agoOK, so what is the formal definition of a "distributed consistent transaction ledger?" How is security defined here?