- This topic has 12 replies, 2 voices, and was last updated 1 month, 1 week ago by
LeanOnGreen.
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kyle_h2486Title: BTC P2P e-cash paper
Date/Time: 2008-10-31 18:10:00 UTC
Message:
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.pdfThe 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.BTC: 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.pdfSatoshi Nakamoto
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Unsubscribe by sending “unsubscribe cryptography” to majordomo at metzdowd.com16vJamieEven if we bought Bitcoin at $1, I won’t speak for everyone, but I’m sure when it jumped to $200 I would have cashed out and still had regrets later 😆
AlooffinancialImagine being lucky enough to receive this email, realize the potential, and spend the next few years mining tens of thousands of BTC on a home computer.
AblePaleontologist0And this is how history was created folks!
_Whit3Legend
KirbyAteMyCoinsThe only thing Im getting emails from are Nigerian princes who are telling me I have 0.25 BTC stuck somewhere
newbonsiteI’m sure this will be put into a form of NFT at some stage lol…
reshail_razaSatoshi wanted an open network which was non excluding but later openess of network gained new name decentralised.
Odysseus_LannisterNgl this would probably have landed in my spam folder and I would have deleted this
RookslookInteresting slice of history
sabertoothlessAll hail
pashtun92Wasnt this recently posted on r/Bitcoin
Seems like copy/pasting ideas of other user, presenting them as your own, all to farm moons.
You could also have posted a link to his original post.
LeanOnGreenHmmm how to get more moons?
I know, I’ll post something from 2009 that everyone is aware of.
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