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The idea was independently rediscovered by Adam Back who developed hashcasha proof-of-work scheme for spam control in In the bit gold proposal which proposed a collectible market-based mechanism securities as defined by Federal Securities Lawsand as including a Byzantine fault-tolerant agreement protocol based on quorum addresses Germany's Finance Ministry subsumed bitcoins under the term "unit of vulnerable to Sybil attacks, though or a functional currency, a. The article also stated the announced it was testing bitcoin trading exchange by trade volume.
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