And yet the actual functionality of Bitcoin - a simple ledger - could be impleme... | Hacker News

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		nhaehnle on Feb 5, 2014 \| parent \| context \| favorite \| on: Bitcoin hash-rate exceeds total computing power of... And yet the actual functionality of Bitcoin - a simple ledger - could be implemented using much less resources than are used to maintain the Bitcoin network. It's curious, isn't it?

debugunit on Feb 5, 2014 | [–]

Isn't it the double-spending solution that requires all those resources, not the simple ledger?

muyuu on Feb 5, 2014 | [–]

The whole point is decentralisation and the absence of a regulator. That's what cannot really be made "cheaply" without very serious compromise.

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