THIS DAY IN BITCOIN HISTORY

July 5

Satoshi’s forum post from July 5, 2010: “Re: Slashdot Submission for 1.0”, quoted from the original source.

FROM THE ARCHIVE

What Satoshi wrote on July 5.

SATOSHI ON PROOF-OF-WORK
We consider the scenario of an attacker trying to generate an alternate chain faster than the honest chain. Even if this is accomplished, it does not throw the system open to arbitrary changes, such as creating value…
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