Comment Comment by abdullahkhalids Vitalik just replied to this a few days ago https://twitter.com/VitalikButerin/status/156607316409372672...> Because it's not a circular argument, it's a spiral argument. People with coins at time T secure the transactions at time T+1.> Spiral arguments and circular arguments sometimes look similar to untrained observers, but they are fundamentally different. parent abdullahkhalids 4 years ago
> Because it's not a circular argument, it's a spiral argument. People with coins at time T secure the transactions at time T+1.
> Spiral arguments and circular arguments sometimes look similar to untrained observers, but they are fundamentally different.