nd a tiny amount of gold dust
in order to put a spam message 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 se
> 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 t
e system can support transaction fees if
needed. It's based on open market competition, and there will
probably always be nodes willing to process transactions for free.
Satoshi Nakamoto
-
The Cryptography Mail
and there were a lot of them.
The functional details are not covered in the paper, but the
sourcecode is coming soon. I sent you the main files.
(available by request at the moment, full release soon)
Satoshi Nakamoto
-
download in the middle if the
transaction comes back double-spent. If it's website access,
typically it wouldn't be a big deal to let the customer have access
for 5 minutes and then cut off access if it's rejected. Many such
sites have a free trial anyway.
Satoshi Nakamoto
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ht.
> 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
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nteer their compute resources for good causes).
>
> In this case it seems to me that simple altruism can suffice to keep the
> network running properly.
It's very attractive to the libertarian viewpoint if we can exp
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 processi
uences.
With the transaction fee based incentive system I recently posted, nodes would
have an incentive to include all the paying transactions they receive.
Satoshi Nakamoto
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ve value
when a node finds a proof-of-work for a block could be the total of the fees in
the block.
Satoshi Nakamoto
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ain the full set of transactions
anyway.
It's not a problem if transactions have to wait one or a few extra cycles to
get into a block.
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nce a transaction is hashed into a link that's a few links back in
the chain, it is firmly etched into the global history.
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stem would be a
> helpful next step.
I appreciate your questions. I actually did this kind of backwards. I had to
write all the code before I could convince myself that I could solve every
problem, then I wrote the paper. I think
.
Coins have to get initially distributed somehow, and a constant rate seems like
the best formula.
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>[Lengthy exposition of vulnerability of a systm to use-of-force
>monopolies ellided.]
>
>You will not find a solution to political problems in cryptography.
Yes, but we can win a major battle in the arms race and gain a new territory of
freedom for several years.
Governments are good at cutting
by generating bitcoins. With a zombie farm that
big, he could generate more bitcoins than everyone else combined.
The Bitcoin network might actually reduce spam by diverting zombie farms to
generating bitcoins instead.
Satoshi Nakamoto
---
>Satoshi Nakamoto wrote:
>> 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
>
>We very, very much need such a sys
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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