Electronic money

Charles Lindsey chl at clerew.man.ac.uk
Fri Dec 5 19:32:40 GMT 2014

On Thu, 04 Dec 2014 16:31:09 -0000, Ben Laurie <ben at links.org> wrote:

> I think it is fundamental that if you want to prevent double spending you
> have to have reference to some central body.
> If you think Bitcoin avoids that then you should read my writings on
> Bitcoin - because it doesn't. :-)

But Bitcoin Does have a central body. It is just that it is a distributed  
Body - anybody can participate as a member of it, and the cryptography is  
cunningly arranged that all copies of the "ledger" are provably identical.

Charles H. Lindsey ---------At Home, doing my own  
Tel: +44 161 436 6131                         Web:  
Email: chl at clerew.man.ac.uk      Snail: 5 Clerewood Ave, CHEADLE, SK8 3JU,  
PGP: 2C15F1A9      Fingerprint: 73 6D C2 51 93 A0 01 E7 65 E8 64 7E 14 A4  

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