James A. Donald wrote:
It is not sufficient that everyone knows X. We also
need everyone to know that everyone knows X, and that
everyone knows that everyone knows that everyone knows X
- which, as in the Byzantine Generals problem, is the
classic hard problem of distributed data processing.
that simple altruism can suffice to keep the
network running properly.
It's very attractive to the libertarian viewpoint if we can explain it
properly. I'm better with code than with words though.
Satoshi Nakamoto
controlled.
Right.
You need coin aggregation for this to scale. There needs to be
a provable transaction where someone retires ten single coins
and creates a new coin with denomination ten, etc.
Every transaction is one of these. Section 9, Combining and Splitting Value.
Satoshi Nakamoto
anyway.
Satoshi Nakamoto
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is coming soon. I sent you the main files.
(available by request at the moment, full release soon)
Satoshi Nakamoto
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on open market competition, and there will
probably always be nodes willing to process transactions for free.
Satoshi Nakamoto
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Dustin D. Trammell wrote:
Satoshi Nakamoto wrote:
You know, I think there were a lot more people interested in the 90's,
but after more than a decade of failed Trusted Third Party based systems
(Digicash, etc), they see it as a lost cause. I hope they can make the
distinction
in the transaction's comment field.
If the system let users configure the minimum payment they're
willing to receive, or at least the minimum that can have a
message with it, users could set how much they're willing to get
paid to receive spam.
Satoshi Nakamoto
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