Weisheiten on Nostr: 'We have proposed a system for electronic transactions without relying on trust. We ...
'We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power.'
Satoshi Nakamoto
#wisdom #philosophy #psychology #spirituality #poetry
Published at
2024-06-21 14:27:33Event JSON
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"content": "'We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power.'\n\nSatoshi Nakamoto\n\nhttps://cdn.nostr.build/i/a4b623d82f3e50aad827b2a1b45b242f28a7275ff230d864f512ef6d2dfed46f.jpg\n#wisdom #philosophy #psychology #spirituality #poetry",
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