LostDutchman is the name and money is the game.
Would you care to play?
I make people money.
My $.02.
http://www.youtube.com/watch?v=N3TOcw7taBo
Topic: WHAT HAS BEEN FORGOTTEN ABOUT BITCOIN AND CRYPTO IN GENERAL (Read 822 times)
Bitcoin is and always has been about money and nothing else.
LostDutchman is the name and money is the game.
Would you care to play?
I make people money.
My $.02.
http://www.youtube.com/watch?v=N3TOcw7taBo
LostDutchman is the name and money is the game.
Would you care to play?
I make people money.
My $.02.
http://www.youtube.com/watch?v=N3TOcw7taBo
Rock foundation.
Yes, its meant as spendable currency, not some commodity to be hoarded.
however, Satoshi himself could help with this, as he mined so many BTC.
He could goto Wikipedia and say, "hey I will give you $10m, but only as BTC, you have to establish a trust denominated in BTC, and accept BTC donation from public, and make a big announcement"
BOOM, it would be that easy
however, Satoshi himself could help with this, as he mined so many BTC.
He could goto Wikipedia and say, "hey I will give you $10m, but only as BTC, you have to establish a trust denominated in BTC, and accept BTC donation from public, and make a big announcement"
BOOM, it would be that easy
There's nothing in here that would surprise someone who's talked about bitcoin for more than 5 minutes, let alone the people on this forum.
WHAT HAS BEEN FORGOTTEN ABOUT BITCOIN AND CRYPTO IN GENERAL
Most people are missing the point and as the result, screwing up the whole thing!
This is believed to be the original announcement email about Bitcoin, supposedly sent by Satoshi.
I have highlighted relevant points and provided citations.
The archival link:
http://www.mail-archive.com/[email protected]/msg09959.html
"Bitcoin P2P e-cash paper
Satoshi Nakamoto Sat, 01 Nov 2008 16:16:33 -0700
I've been working on a new electronic cash system that's fully
peer-to-peer, with no trusted third party.
The paper is available at:
http://www.bitcoin.org/bitcoin.pdf
The main properties:
Double-spending is prevented with a peer-to-peer network.
No mint or other trusted parties.
Participants can be anonymous.
New coins are made from Hashcash style proof-of-work.
The proof-of-work for new coin generation also powers the
network to prevent double-spending.
Bitcoin: A Peer-to-Peer Electronic Cash System
Abstract. A purely peer-to-peer version of electronic cash would
allow online payments to be sent directly from one party to another
without the burdens of going through a financial institution.
Digital signatures provide part of the solution, but the main
benefits are lost if a trusted party is still required to prevent
double-spending. We propose a solution to the double-spending
problem using a peer-to-peer network. The network timestamps
transactions by hashing them into an ongoing chain of hash-based
proof-of-work, forming a record that cannot be changed without
redoing the proof-of-work. The longest chain not only serves as
proof of the sequence of events witnessed, but proof that it came
from the largest pool of CPU power. As long as honest nodes control
the most CPU power on the network, they can generate the longest
chain and outpace any attackers. The network itself requires
minimal structure. Messages are broadcasted on a best effort basis,
and nodes can leave and rejoin the network at will, accepting the
longest proof-of-work chain as proof of what happened while they
were gone.
Full paper at:
http://www.bitcoin.org/bitcoin.pdf
Satoshi Nakamoto
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Most people are missing the point and as the result, screwing up the whole thing!
This is believed to be the original announcement email about Bitcoin, supposedly sent by Satoshi.
I have highlighted relevant points and provided citations.
The archival link:
http://www.mail-archive.com/[email protected]/msg09959.html
"Bitcoin P2P e-cash paper
Satoshi Nakamoto Sat, 01 Nov 2008 16:16:33 -0700
I've been working on a new electronic cash system that's fully
peer-to-peer, with no trusted third party.
The paper is available at:
http://www.bitcoin.org/bitcoin.pdf
The main properties:
Double-spending is prevented with a peer-to-peer network.
No mint or other trusted parties.
Participants can be anonymous.
New coins are made from Hashcash style proof-of-work.
The proof-of-work for new coin generation also powers the
network to prevent double-spending.
Bitcoin: A Peer-to-Peer Electronic Cash System
Abstract. A purely peer-to-peer version of electronic cash would
allow online payments to be sent directly from one party to another
without the burdens of going through a financial institution.
Digital signatures provide part of the solution, but the main
benefits are lost if a trusted party is still required to prevent
double-spending. We propose a solution to the double-spending
problem using a peer-to-peer network. The network timestamps
transactions by hashing them into an ongoing chain of hash-based
proof-of-work, forming a record that cannot be changed without
redoing the proof-of-work. The longest chain not only serves as
proof of the sequence of events witnessed, but proof that it came
from the largest pool of CPU power. As long as honest nodes control
the most CPU power on the network, they can generate the longest
chain and outpace any attackers. The network itself requires
minimal structure. Messages are broadcasted on a best effort basis,
and nodes can leave and rejoin the network at will, accepting the
longest proof-of-work chain as proof of what happened while they
were gone.
Full paper at:
http://www.bitcoin.org/bitcoin.pdf
Satoshi Nakamoto
---------------------------------------------------------------------
The Cryptography Mailing List
Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]"
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