Economics and supply
21 writings, oldest first
- bitcoin.org
Bitcoin: A Peer-to-Peer Electronic Cash System
Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto satoshin@gmx.com www.bitcoin.org Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without…
- Cryptography mailing list (metzdowd)
Bitcoin P2P e-cash paper
Ray Dillinger: Increasing hardware speed is handled: "To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number…
- Cryptography mailing list (metzdowd)
Bitcoin P2P e-cash paper
James A. Donald wrote: If you're having trouble with the inflation issue, it's easy to tweak it for transaction fees instead. It's as simple as this: let the output value from any transaction be 1 cent less than the input value. Either…
- Private email (Dustin Trammell)
Re: A few thoughts...
I group attacks into two classes: 1) Attacks that can only be done by someone actually in the chain of communication 2) Attacks that can be done by anyone on the Internet from anywhere Type 1 exposes you to people in your house or company…
- P2P Foundation p2p-research list
[p2p-research] Bitcoin open source implementation of P2P currency
Martien van Steenbergen wrote: > Would love to also see support for not having to supply and > managing money. Would make it easier and cheaper to maintain > and results in have sufficient money, always and everywhere. > No scarcity, no…
- Private email (Mike Hearn)
Questions about BitCoin
Hi Mike, I'm glad to answer any questions you have. If I get time, I ought to write a FAQ to supplement the paper. There is only one global chain. The existing Visa credit card network processes about 15 million Internet purchases per day…
- Private email (Martti Malmi)
Re: Bitcoin
mmalmi@cc.hut.fi wrote: That would be great! I added you (dmp1ce) as a dev to the sourceforge project and gave you access to edit the web space and everything. Definitely. This will be an absolutely essential feature once things get…
- BitcoinTalk
Re: How divisible are bitcoins and other market/economic questions
Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge. But don't worry, there are another 6 decimal places that aren't shown, for a total of 8 decimal places internally. It shows 1.00 but…
- BitcoinTalk
Re: What's with this odd generation?
Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main…
- BitcoinTalk
Re: Current Bitcoin economic model is unsustainable
Excellent analysis, xc. A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. In your head, you do a probability estimate balancing the odds…
- Private email (Martti Malmi)
Blog
There's a blog writer who wants to write a story about Bitcoin, but I don't have time right now to answer his questions. Would you be interested in answering his questions if I refer him to you? We might get a good link out of it. The…
- Private email (Martti Malmi)
0.3.0 released
I uploaded 0.3.0 beta to sourceforge and updated the links on bitcoin.org. I still need to post the announcement message on the forum and mailing list. Here's what I've prepared: Announcing version 0.3 of Bitcoin, the P2P cryptocurrency!…
- BitcoinTalk
Bitcoin 0.3 released!
Announcing version 0.3 of Bitcoin, the P2P cryptocurrency! Bitcoin is a digital currency using cryptography and a distributed network to replace the need for a trusted central server. Escape the arbitrary inflation risk of centrally…
- Private email (Martti Malmi)
\[bitcoin-list\] Bitcoin 0.3 released!
Announcing version 0.3 of Bitcoin, the P2P cryptocurrency! Bitcoin is a digital currency using cryptography and a distributed network to replace the need for a trusted central server. Escape the arbitrary inflation risk of centrally…
- bitcoin-list (SourceForge)
[bitcoin-list] Bitcoin 0.3 released!
Announcing version 0.3 of Bitcoin, the P2P cryptocurrency! Bitcoin is a digital currency using cryptography and a distributed network to replace the need for a trusted central server. Escape the arbitrary inflation risk of centrally…
- BitcoinTalk
Escrow
Here's an outline of the kind of escrow transaction that's possible in software. This is not implemented and I probably won't have time to implement it soon, but just to let you know what's possible. The basic escrow: The buyer commits a…
- BitcoinTalk
Re: Not a suggestion
This is a very interesting topic. If a solution was found, a much better, easier, more convenient implementation of Bitcoin would be possible. Originally, a coin can be just a chain of signatures. With a timestamp service, the old ones…
- BitcoinTalk
Re: Not a suggestion
Still thinking this idea through... The only job the network needs to do is to tell whether a spend of an outpoint is the first or not. If we're willing to have clients keep the history for their own money, then some of the information…
- BitcoinTalk
Re: Bitcoins are most like shares of common stock
Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.
- BitcoinTalk
Re: Always pay transaction fee?
Currently, paying a fee is controlled manually with the -paytxfee switch. It would be very easy to make the software automatically check the size of recent blocks to see if it should pay a fee. We're so far from reaching the threshold, we…
- Private email (Mike Hearn)
More BitCoin questions
Open source. Perfect. Once your code shows how to simplify it down, other authors can follow your lead. Client is a less daunting challenge than full implementation. If it's within reach of more developers, they'll come up with more…
