An Efficient Distributed Currency

An Efficient Distributed Currency – Dan Laurie – 2011

Given that it is probably impossible to create a decentralised currency[2], what’s the next best thing?

I claim that it is a distributed currency: one that relies on a distributed central authority. In this case, the interesting questions are how one builds a distributed central authority, and how one chooses the participants.  I explore these questions and outline sketch solutions.

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