🗣️ Nick Szabo on Bitcoin

On May 28, 2011, Bit gold author Nick Szabo commented on #Bitcoin in his blog:

"Nakamoto improved a significant security shortcoming that my design had, namely by requiring a proof-of-work to be a node in the Byzantine-resilient peer-to-peer system to lessen the threat of an untrustworthy party controlling the majority of nodes and thus corrupting a number of important security features. Yet another feature obvious in hindsight, quite non-obvious in foresight."

https://unenumerated.blogspot.com/2011/05/bitcoin-what-took-ye-so-long.html

Read more about Szabo and Bit gold on 21ideas: https://21ideas.org/en/gf/genesis-4/