Bitcoin P2P e-cash paper
Satoshi explains the proof-of-work chain and how nodes don't need to trust each other, as long as honest nodes control the majority of CPU power.
6 entries
Satoshi explains the proof-of-work chain and how nodes don't need to trust each other, as long as honest nodes control the majority of CPU power.
Satoshi expresses confidence that some form of electronic currency will be in use within a decade, describing Bitcoin as the first attempt at a non-trust-based system.
Satoshi introduces Bitcoin to the P2P Research mailing list, explaining the problems with trust-based conventional currency and how Bitcoin uses cryptographic proof and a peer-to-peer network to solve double-spending.
Satoshi announces Bitcoin on the P2P Foundation forum, describing the problems with conventional currency and how Bitcoin solves them through cryptographic proof instead of trust.
Satoshi explains the importance of Bitcoin being open source, arguing that the source code itself is the specification and that trust comes from transparency.
Satoshi discusses the concept of Bitcoin banks, explaining that trusted third parties can provide convenience while the underlying system remains trustless.