This is a quote from the book "B-Money" by Wei Dai
...available, inaccurate, oroutdated, all of which would cause serious problems for the protocol.
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So I propose an alternative money creation subprotocol, in which accountkeepers (every
one in the first protocol, or the servers in the secondprotocol) instead decide and agree on the amount of b-money to be createdeach period, with the cost of creating that money determined by an
auction. Each money creation period is divided up into four phases, asfollows:
1. Planning. The account keepers compute and negotiate with each other todetermine an optimal increase...