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How does Bitcoin work?

A brilliant description. It's certainly the best explanation I've ever seen. For the first time I actually understood how it works.

Posted by Tom Limoncelli in Misc

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It'll be interesting to see, over time, how closely the growth curve of the transaction logs match storage and memory averages.

It's pretty easy to see how, if Bitcoin were to become a commonly used currency, that another solution would be needed for the transaction logs. I wouldn't want to carry forward the entire database of VISA purchases ever.

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