bitcoin doesn't use a reduced proof of work. That's the costly feature of it, and why it's genuinely distributed.
Grahame On Wed, Nov 15, 2017 at 2:55 AM, Bert Verhees <[email protected]> wrote: > On 14-11-17 16:39, Grahame Grieve wrote: > >> either you end up falling back to a central authority after all - >> > > Can you explain why? > > Bitcoin, f.e. is about billions of dollars without central authority, that > is one of the reasons the Chinese government prohibited the creation > (although they do not admit this real reason) > > Bert > > > > _______________________________________________ > openEHR-technical mailing list > [email protected] > http://lists.openehr.org/mailman/listinfo/openehr-technical_ > lists.openehr.org > -- ----- http://www.healthintersections.com.au / [email protected] / +61 411 867 065
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