Post
Topic
Board Bitcoin Discussion
Re: Assumptions required for Bitcoin existence
by
onemorebtc
on 26/02/2015, 22:58:45 UTC
So we have 3 assumptions:

1. We can identify work done for Bitcoin
2. We can communicate with other participants
3. Attacker doesn't have too much hashing power

Is it enough?

point 1 isnt an assumption as it is proven through mathematics (in case you think its an assumption please add that 1+1=2 keeps true as well - it is also needed Wink.

we will always need some kind of calculator: humans are just too slow

bandwidth and latency is also interesting as it defines bitcoins upper bound