This is a quote from the book "B-Money" by Wei Dai
...kes 100 hoursto solve on the computer that solves it most economically, and it takes 3standard baskets to purchase 100 hours of computing time on that computeron the open market, then upon the b
n market, then upon the broadcast of the solution to that problem everyone credits the broadcaster's account by 3 units.
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2. The transfer of money. If Alice (owner of pseudonym K_A)
nits of money to Bob (owner of pseudonym K_B), she broadcaststhe message "I give X units of money to K_B" signed by K_A. Upon thebroadcast of this message, everyone debits K_A's account by ...