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7 sats \ 0 replies \ @frostyhodl 5 Aug 2023 \ on: 5,000 sats to the best Satoshi Nakamoto quote bitcoin
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.
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