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Re:Systems built on trust, norms, and institutions function ... by 411mrc on Friday April 06, 2018 @01:36PM (#16775283)
I think the designer's own words are a better summary of the problem solved:

http://satoshi.nakamotoinstitute.org/emails/cryptography/11/

The magical thing is that you can actually know that the distributed system is consistent by how much work was performed.

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