A look at some of the more significant exchanges in Martti Malmi's recently disclosed email correspondence with Satoshi Nakamoto.
Satoshi Nakamoto's earliest collaborator Martii 'Sirius' Malmi has released his entire email correspondence with Bitcoin's creator.
Spurred by an ongoing lawsuit in the U.K., the new emails are the most significant addition to the canon of what we know about Bitcoin's still anonymous creator.
Here are the most important new findings.
EMAIL #1: SATOSHI'S BITCOIN SCALING ASSUMPTIONS
When asked how Bitcoin might scale in the future, Satoshi theorized the network might have a maximum of 100,000 nodes.
Here he goes into the calculations assessing the economics of bandwidth costs to nodes (read: miners) in propagating transactions across the network, the economic costs that would incur, and how that could be cost effectively passed on to users.
He also discusses the implementation of users paying fees, and hints at the potential for the fee necessary for confirmation of your transaction being market driven due to the processing capacity of the network.
All in all, it's interesting napkin math, though nothing out of the ordinary for those who have read Satoshi's full Bitcoin forum posts
There Satoshi talked frequently about his vision for how the network might grow larger, and it's notable much of his ideas were not proven to be viable based on subsequent development work.
#BTC #TrendingTopic #pepe #sol #ETH
Satoshi Nakamoto's earliest collaborator Martii 'Sirius' Malmi has released his entire email correspondence with Bitcoin's creator.
Spurred by an ongoing lawsuit in the U.K., the new emails are the most significant addition to the canon of what we know about Bitcoin's still anonymous creator.
Here are the most important new findings.
EMAIL #1: SATOSHI'S BITCOIN SCALING ASSUMPTIONS
When asked how Bitcoin might scale in the future, Satoshi theorized the network might have a maximum of 100,000 nodes.
Here he goes into the calculations assessing the economics of bandwidth costs to nodes (read: miners) in propagating transactions across the network, the economic costs that would incur, and how that could be cost effectively passed on to users.
He also discusses the implementation of users paying fees, and hints at the potential for the fee necessary for confirmation of your transaction being market driven due to the processing capacity of the network.
All in all, it's interesting napkin math, though nothing out of the ordinary for those who have read Satoshi's full Bitcoin forum posts
There Satoshi talked frequently about his vision for how the network might grow larger, and it's notable much of his ideas were not proven to be viable based on subsequent development work.
#BTC #TrendingTopic #pepe #sol #ETH
