Oleg Andreev

The Memory Pool

Proof That Proof-of-Work is the Only Solution to the Byzantine Generals' Problem - May 23, 2014

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.

Real Crypto-Anarchy Without Anonymity - December 28, 2013

Bitcoin raises the cost of many kinds of attacks, going far beyond protecting against central banks meddling with money supply.