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Here, too, no single server is substantially relied on to properly operate the registry. (5) The last-created string of bit gold provides the challenge bits for the next-created string. (6) To verify that Alice is the owner of a particular string of bit gold, Bob checks the unforgeable chain of title in the bit gold title registry. (7) To assay the value of a string of bit gold, Bob checks and verifies the challenge bits, the proof of work string, and the timestamp. Note that Alice's...