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Oleg Andreev · Dec 19, 2017

Why Bitcoin is called Bitcoin

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99% of ideas around Bitcoin existed long before 2008. There was a proof-of-work money , there was a bit gold idea and there was paper on distributed property titles . Not to mention all the necessary cryptography that existed for decades. The missing link was a simple idea: instead of tracking individual proof-of-work coins of bit gold inside some distributed property title registry , lets turn…

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