Satoshi Nakamoto's thoughts and classics

Satoshi NakamotoIn the early days of Bitcoin, he developed as a "kind dictator" in an anonymous capacity.Bitcoin Talk ForumA lot of influential responses and statements have been made to the development community, and Gordon still thinks he is right today.

After he gave Bitcoin stepfather Gavin Andresen access to the code in 2011, he left the project to disappear and shared his thoughts, wisdom and knowledge of Bitcoin at the Bitcoin Forum, which is still available today. In addition, he had several private e-mail conversations with early community developers in Bitcoin.

Gordon will share some of the wise classics in order to learn more about the idea of a bitcoin creator.

The Times 03/Jan/2009 The Minister of Finance came to the second aid to the bank.

She looks up with her eyes closed.

"The Times 03/Jan/2009 Chancellor on blink of second bailout for banks."

— Genesis Block Bitcoin Cash

The title of the "headline" in the British Times is written in the "creative block" of the Bitcoin cash chain, which has existed since the birth of the Bitcoin (cash) and after the financial crisis of 1998, in order to give people full control over their "money" without permission (exchange, agency, government), and without any need for a third party to complete any payment, and a "point-to-point" deal.

Bitcoin's been growing for over a decade now, and we're still trapped in the traditional financial-controlled system of credit money. Inevitably, the industry has grown to a high level of dollarization, centralization, a climate of investment, and a high degree of financial interconnectedness with tradition, as ironically as it was on the eve of the recession in inflation.

If you don't believe or understand, I don't have time to try and convince you. I'm sorry.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

— Satoshi Nakamoto

The Chinese are mysterious and seem to be more willing to devote time and energy to the code and improve the performance of the Bitcoin network.

At the Bitcoin Forum:Scalability and transformation》

The middle-heart response of the founder of Bitshares (also the founder of EOS) - Dan Larimer (Bytemaster, BM) to the challenge of bitcoin code design and thinking (Peer Banks) - he responded to an "incompetent" with a bit of contempt in the white eye, making it one of China's most famous words.

The fundamental problem with traditional currency is the need for trust in its operation.

The root programme is all the trust that's given to make it work. The central bank must be trusted not to deny the currenity, but the history of the special currencies is full of charades of that trust.

Banks must be trusted to hold our money and trade it perfectly, but they let it out in waits of credit bubbles with barely a fight in reserve.

Their mass overheads makes sense.

Satoshi Nakamoto

Bitcoin

You have to trust the Central Bank not to devalue the currency, but the history of the legal currency is full of violations of the people’s trust.

You have to trust banks to hold our funds, mostly in electronic form, but in the wave of credit bubbles, they borrowed funds from depositors, almost without a fraction of the pre-financing, and traditional financial history has seen many squeezings and bank failures.

You must also believe that they will protect your privacy and that they will not let your identity be stolen by thieves. They're using a huge charge, making small payments impossible.

Lost coins only make others a little higher in value... as if they were a donation to everyone.

Most coins only make everyone else's worth worth more.

Satoshi Nakamoto

Bitcoin

With only a maximum of 21 million bitcoins (cash) capped, it is currently estimated that about 4 million bitcoins (cash) have been permanently lost, making it more scarce and, as a result, more valuable, the remaining currency in circulation.

In a few decades, when the reward becomes too small, the transaction fee will become the main revenue of the node. I'm sure in 20 years, either the trade volume is very large or the trade volume is not.

I'm sure that in 20 years there will be very broad transformation volume or no volume.

Satoshi Nakamoto

Bitcoin

China’s wisdom is very clear about the purpose of the creation of bitcoin (cash), which, according to the prophecy, will not be completely out of business, and the cost of trading will not cover the incentives that have been reduced by half, resulting in the ultimate death of bitcoin, or in a new system of real transactions, in circulation.

No space for middle value.

I'm sure after two or three more block awards and a half, the core of bitcoin will end up losing because of high transaction costs and growing users. Except ceiling, introduceTailEmission。

Peter Todd, the bicentennial developer:Yes, sir.》

As a result of all the companies that have failed since the 1990s, many people have automatically identified digital currency as a failed business.

I hope it's impossible it was only on the basis of those systems that did them.

Satoshi Nakamoto

Bitcoin

The Chinese authorities believe that there is little chance that Bitcoin will fail, and he believes that the pre-bitcoin currency attempt is motivated by the nature of "centreization" and "trust-based" of its system, and is doomed to fail.

Bitcoin (cash) tries to reduce the risk of collapse by being hit by "government units" through a system of nodes that was central in the past and not based on trust, drawing on the blood tears of "formers" who have failed in many mirrors.

Bitcoin provides people with more convenient options, such as communities without credit cards, people who don't want to use their credit cards, or "sex men" who don't want their spouses to see on their bills, who don't want their personal information to be exposed to "love sites", or who are afraid of being charged back. People

Bitcoin would be convenor for people who don't have a credit card or don't want to use the cards they have, either don't want the point to see it on the bill or don't trust giving their number to "horn guys", or afraid of recuring Billing.

Satoshi Nakamoto

Bitcoin

The quote is to explain why bitcoin might become Those who do not want their true identities to be revealed, and who are the first to pay for certain "special" purchases to expose their true identities.

Although bitcoin may not be completely anonymous, it still provides more privacy than credit cards.

The possibility of anonymity or a pseudonym depends on you not exposing your bitcoin. There's an ID on you.

The position to be anonymous or psudonymous facts on you not revealing any information information about yourself with the bitcoin uses you use. If you post your bitcoins on the web, then you're approaching that interview and any transfers with it with the name you posted under.

Satoshi Nakamoto

Bitcoin

If you post your bitcoin address on the public Internet, then you link it to your publicly published Internet identity.

If you're on the Internet with no connection to your real identity, you're still anonymous.

Although bitcoin (cash money) is not entirely anonymous, the middle school has explained how the anonymity of bitcoin helps to prevent people’s identity from being known, and bitcoin cash also has a mixed-currency purse that builds a Cashfusion that enhances privacy, cutting the connection of UXTO’s address to near-menrococo.

As the hard-body performance progresses, the total capacity to maintain bitcoin increases equally, and the difficulty increases proportionally, to keep the total number of newborns.

As partners get better and the total commanding power applied to creating bitcoins increas, the difficults generally to keep the total new process current.

Satoshi Nakamoto

Bitcoin

So, knowing in advance how many new bitcoins will be created each year in the future. The coins had to be distributed in some way at first, and the constant rate seemed to be the best formula.

One of the main challenges in creating a new world’s Internet currency is the idea of "equitable" distribution, and he has come to the conclusion that the most effective way to do so is to allocate it at a slightly constant rate, to a calculator-guided approach, to try to keep every person (miner) who is secure on the Bitcoin network, and to release it through their circulation.

sighs ... Why delete the wallet instead of moving it first, and keep the old one in case? You should never delete your wallet.

You should never let a wallet.

Satoshi Nakamoto

Bitcoin

This is a response from the Chinese authorities to the user who deleted the wallet and lost the bitcoin.

The more people try to buy all the world's rare assets, the higher the price.

When someone tries to buy all the world's

Satoshi Nakamoto

Bitcoin

Sometimes they become too expensive to buy again. It's great for those who have it in advance, because they can sell it to the corner at a crazy high price.

This is a response from Chinese intelligence to an interested development worker who asks if someone might be trying to buy (control) all bitcoin and render the bitcoin network useless.

It would be nice to receive such attention in any other situation. WikiLeaks has kicked the bee's nest, the herd is coming towards us.

It would have been nice to get this access in any other context.

Satoshi Nakamoto

Bitcoin

This is the second of the penultimate comments that China shared before it disappeared without warning. So far, the whereabouts of Chinese minds remain unknown.

I'm not Dorian Nakamoto.

I am not Dorian Nakamoto.

Satoshi Nakamoto

Bitcoin

The last appearance was in March 2014, when the media found a Japanese-American, Dorian Nakamoto, suspected of being "Chinese-heart."

Three days later, Chinese listened on the Internet. It wasn't him. It disappeared like a ghost.

Conclusion

Gordon's been thinking about building a one-person business model, and I think small Internet companies are one of the future trends, along with the rapid development of the Ai language module and the human robots, and the future human needs conference. I think the telegraph is a good attempt, and I hope you will like it!

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