[EM] A secure distributed election scheme based on Bitcoin's Proof-of-Work protocol

[Duane Johnson]

> On the other hand, the first time it loses 40% of its value, it is toast.

Bitcoin lost 60% of its value on June 10th and 11th when it went from $30
per BTC to $10 per BTC in that two day period. Some referred to it as the
Bitcoin Depression. It returned to $20 per BTC the following day and has
been trading around that mark for the past week.

Duane

On Jun 18, 2011, at 3:59 AM, Jameson Quinn <jameson.quinn at gmail.com> wrote:

On the other hand, the first time it loses 40% of its value, it is toast.
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