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But it's the first one that's resistant to Sybil attacks without requiring centralization, is it not?



Okay, that is true. I am just not satisfied with proof-of-work as a solution there. It makes Sybil attacks unreasonably expensive, by making the entire operation of the chain even more unreasonably expensive.

I do like the math behind Bitcoin but I wish it had just remained as a proof of concept.




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