10.3 Peter Todd was trying to invent Bitcoin, but he didn’t quite make it! || Peter Todd

from Join the Wasabikas - a Bitcoin Privacy Podcast · host Wasabi Wallet

Peter Todd got primed to understand Bitcoin based on his fathers education as an economist, he quickly figured out that fiat money is simply a fraud. Peter tried to invent Bitcoin in highschool, but he was on a wrong track to use proof of work to mint coins, and puttling not enough emphasis on reaching consensus on verifying the transactions and coins. What was missing was a data structure that can be validated within itself.

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