This is a quote from the book "B-Money" by Wei Dai
...ydefine the ownership of money, and how these accounts are updated is thesubject of this protocol.
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1. The creation of money. Anyone can create money by broadcasting thesolution to a
the solution to a previously unsolved computational problem. The only conditions are that it must be easy to determine how much computing effort it took to solve the problem and the solution mus
value, either practical or intellectual. The number of monetary unitscreated is equal to the cost of the computing effort in terms of astandard basket of commodities. For example if a problem ta...