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Bitcoin: Virtual money created by CPU cyclesBitcoin: Virtual money created by CPU cyclesPosted Nov 24, 2010 3:21 UTC (Wed) by nybble41 (subscriber, #55106)In reply to: Bitcoin: Virtual money created by CPU cycles by creighto Parent article: Bitcoin: Virtual money created by CPU cycles
So we do agree, then. It is only the practice (synchronization and block-chain size), and not any issue with the theory of operation, which leads to low rate of block generation. If synchronization and the size of the block-chain were not significant factors then the rate at which blocks are generated could be arbitrarily high without impacting the security of the system.
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Bitcoin: Virtual money created by CPU cycles Posted Nov 24, 2010 20:00 UTC (Wed) by creighto (guest, #71377) [Link]
Generally speaking, yes. There might be other technical issues that I'm not aware of, but we do agree.
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