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Mistakes Also Come when You Listen to Others…

From craigwright.net

Many of the multitudes of problems surrounding the implementation of Bitcoin come from my failure to explain things to people. In part, I did not realise the difference in individuals who might want to jump on board with Bitcoin in the early days. Bitcoin implements what is known as traceable pseudonymity [1]. In particular, the proof-of-work algorithm in Bitcoin acts to associate nodes (miners) and their facilities. One of the problems that have come about stems from the line in my paper referencing proof-of-work and explaining that an alteration of the database (blockchain) “quickly becomes computationally ... (full story)

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