Cryptography Mailing List

Bitcoin P2P e-cash paper

2008-11-13 22:56:55 UTC

James A. Donald wrote:

> It is not sufficient that everyone knows X. We also

> need everyone to know that everyone knows X, and that

> everyone knows that everyone knows that everyone knows X

> - which, as in the Byzantine Generals problem, is the

> classic hard problem of distributed data processing.

"The proof-of-work chain is how all the synchronisation, distributed database and global view problems you've asked about are solved."

-Satoshi