5/28/2011

🗣️ 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." Visit 21ideas.org to find out more about Szabo and Bit gold