A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to...
Satoshi Quotes Articles
The attacker isn’t adding blocks to the end. He has to go back and redo the block his transaction is in and all the blocks after it, as well as any new blocks the network keeps adding to the end while he’s doing that.
The attacker isn't adding blocks to the end. He has to go back and redo the block his transaction is in and all the...
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing...
In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.
In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. By...
The requirement is that the good guys collectively have more CPU power than any single attacker.
The requirement is that the good guys collectively have more CPU power than any single attacker. By Satoshi Nakamoto...
Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit...
It’s very attractive to the libertarian viewpoint if we can explain it properly. I’m better with code than with words though.
It's very attractive to the libertarian viewpoint if we can explain it properly. I'm better with code than with words...
Could be. They’re talking about the old Chaumian central mint stuff
"Could be. They're talking about the old Chaumian central mint stuff, but A lot of people automatically dismiss...
No, don’t “bring it on”. The project needs to grow gradually so the software can be strengthened along the way. I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.
No, don't "bring it on". The project needs to grow gradually so the software can be strengthened along the way. I make...
Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.
Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks...
If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry. Satoshi Nakamoto Visualizza...