An Efficient and Practical Distributed Currency

Submitted by Bill St. Clair on Tue, 26 Jul 2011 20:25:43 GMT  <== Digital Money ==> 

Ben Laurie doesn't like Bitcoin. Here he proposes an efficient mechanism for a digital currency with a distributed root. Interesting idea. The link discusses the big problem he sees with Bitcoin and links to his proposal PDF (74K).

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[Ben Laurie]

Submitted by Junker on Wed, 27 Jul 2011 21:26:05 GMT

[Ben Laurie] doesn't like Bitcoin.
|http://www.links.org/?p=1183 (also on front page of links.org)

links to his [proposal PDF] (74K).
|
http://www.links.org/files/distributed-currency.pdf


and at his site (?p=1183), all the local links are the same pattern w/ different p=#'s.

Curious, and curiouser, http://en.wikipedia.org/wiki/Ben_Laurie

Ben Laurie is a software engineer, protocol designer and cryptographer.
He is a founding director of The Apache Software Foundation,
a core team
member of OpenSSL, a member of the Shmoo Group, a director of the Open Rights
Group, Director of Security at The Bunker Secure Hosting, Trustee and Founder-
member of FreeBMD, a committer at FreeBSD and Advisory Board member of
WikiLeaks.org.. ... ...

Interesting folk you find, Bill.

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