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Mistakes Also Come when You Listen to Others…
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)