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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

"Nick Szabo described Bit Gold in 2005 as a trust-minimized digital-money design using proof of work and distributed timestamping."

Szabo's Bit Gold proposal combines proof-of-work strings with distributed timestamping and ownership records as a digital scarcity mechanism.

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Source title Bit Gold
Source authors Nick Szabo
Source year 2005
Confidence high
Importance mid
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