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by nly
4545 days ago
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if you want a centrally managed cryptocurrency and can tolerate deferring double spend detection (i.e. you have an overdraft and debt collection system) then there are better cryptocash solutions than bitcoin that don't require a block chain and provide untraceable transactions and complete anonymity. The only worthwhile innovation in bitcoin in fact is its use of a block chain to eliminate the possibility of monetary policy manipulation. |
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