Bitcoin and the Byzantine Generals Problem

Re:Bitcoin and the Byzantine Generals Problem by swswsw on Monday December 16, 2013 @12:54AM (#6913145)

At first glance, mining appears to use a lot of energy. But it has a very important property:

  mining is "fair" in money generation.

And being fair may be much more important than the energy consumed.

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Re:Bitcoin and the Byzantine Generals Problem by wmf on Monday December 16, 2013 @01:46AM (#6913262)

Depends how you define fair, I guess. Many people complain about the effects of a fixed block reward with ever-increasing difficulty.

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