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The proof-of-work fallacy

If your friend shows you a medal and says that it proves he’s run a marathon, you might not totally believe him. Yeah, your friend is fit and the medal looks legit; however, this piece of metal does not actually prove that he’s run the 26.2 miles. This scepticism may seem like semantic hair-splitting, but […]

Filed Under: Blog Tagged With: bitcoin, computers, internet, money, reality

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