I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party...

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Proof That Proof-of-Work is the Only Solution to the Byzantine Generals' Problem
If achieving consensus in a non-trust manner is ever possible in practice, then it is only possible with a Proof-of-Work scheme and highly specialized expensive production chains.

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The Crypto-Mises Podcast offers commentary on Bitcoin, economics, cryptography, and current events.

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