Re: Electronic money
"Charles Lindsey" <[email protected]> Fri, 05 Dec 2014 19:32:40 -0000
| Newsgroups | gmane.law.cryptography.uk |
|---|---|
| Message-ID | <[email protected]> |
On Thu, 04 Dec 2014 16:31:09 -0000, Ben Laurie <ben-cX+m+/[email protected]> wrote: > I think it is fundamental that if you want to prevent double spending you > have to have reference to some central body. > > If you think Bitcoin avoids that then you should read my writings on > Bitcoin - because it doesn't. :-) But Bitcoin Does have a central body. It is just that it is a distributed Body - anybody can participate as a member of it, and the cryptography is cunningly arranged that all copies of the "ledger" are provably identical. -- Charles H. Lindsey ---------At Home, doing my own thing------------------------ Tel: +44 161 436 6131 Web: http://www.cs.man.ac.uk/~chl Email: [email protected] Snail: 5 Clerewood Ave, CHEADLE, SK8 3JU, U.K. PGP: 2C15F1A9 Fingerprint: 73 6D C2 51 93 A0 01 E7 65 E8 64 7E 14 A4 AB A5