Re: Potential disaster scenario

This is a good point.  I don’t think I underestimated people’s ability to generate bitcoins efficiently and legitimately – the difficulty adjustment does a good job of compensating for that, and that makes it a non-issue in my scenario.  But I probably underestimated the effect of minters using other people’s […]

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Re: Not a suggestion

[…] Yes, I am talking about the hypothetical system. The way I proposed the system, each time a block gets generated every validating node must accept or reject that block by validating the transactions and confirming the hashes in the block. In effect, the same work that is being done […]

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