DISCLOSURE: I don’t believe any of these people to be Satoshi.Continue readingPeople claiming to be Satoshi (List of Faketoshis)
Category: Satoshi Nakamoto
Legendary posts written by the creator of Bitcoin or its early adopters.
I mean an image. You know a nice one that people can put on their checkout webpages.Continue readingHas someone made a “buy with bitcoins” button?
Bitcoin is a currency, literally, in its infancy. The concept is, as far as I know, the first of its kind.Continue readingOn bitcoin generation, and bitcoin organizations
The larger the hash160 is, the more base58 characters required to represent its address.Continue readingHow many bitcoin addresses exist?
What else do you use to determine who is (approximately) one person?Continue readingNode influence proportional to CPU power
Categories
Latency and locality
With a global p2p network, it is necessary to have all nodes receive the transaction, do some calculations and send results back.Continue readingLatency and locality
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Satoshi’s node-to-power ratio
The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used.Continue readingSatoshi’s node-to-power ratio
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Transactions – Trust No One
If knight’s “trust everyone collectively” meant, “trust in the process” I find that insightful and a good motto.Continue readingTransactions – Trust No One
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Bitcoin minting and botnets
If people believe that bitcoin is simply a way for botnet herders to convert spare cpu cycles into cash, they are unlikely to participate.Continue readingBitcoin minting and botnets
But I do think that is is really important to point out that all that CPU power and electricity usage is absolutely NOT required for the task at hand.Continue readingBitcoin minting: a critique of preceptions