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"It is strictly necessary that the longest chain is always considered the valid one. Nodes that were present may remember that one branch was there first and got replaced by another, but there would be no way for them to convince those who were not present of this. We can't have subfactions of nodes that cling to one branch that they think was first, others that saw another branch first, and others that joined later and never saw what happened. The CPU power proof-of-work vote must have the final say. The only way for everyone to stay on the same page is to believe that the longest chain is always the valid one, no matter what."
Satoshi Nakamoto
Mmh, good quote. Unfortunately most people (including most hardcore Bitcoiners) don't understand it.
State machine replication and consensus were such hotly debated topics in the cryptography community for decades. Without that context you don't really get what a breakthrough this was.
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With the advancement of the creation of digital currencies by governments and the identification of who has BTC farms in check, it will become increasingly difficult to buy BTC. This can cause the value to explode or kill it for good
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Thanks for the referral. I didn't know there was such a book. I pulled this quote directly from the website https://nakamotoinstitute.org, I'm reading Satoshi's emails.
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It's not a book. It's a meme I created.
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Ops... Sorry for not understanding, my knowledge is not so broad with web. :-)
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No problem. No need to apologize. Here's another one.
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Until you gave me an interesting idea to create a book of satoshi quotes and sell them for a few sats... Have they done that?
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