Understanding Bitcoin mining – A childhood game that rules the Network

Via John Hardy @ seebitcoin.com

  • “Its a childhood classic, “guess what number I’m thinking of”. Its funny to think, but Bitcoin is basically a computerised version of that game”
  • “In the childhood game, you may play with a friend and state that the number is between 1 and 10: in this case each round of the game won’t last long. How could you make the game longer? Easy, by increasing the difficulty to make them guess a number between 1 and 500”

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