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   David Meyer (dmm@mathstodon.xyz)'s status on Friday, 01-Nov-2024 18:21:30 JST David Meyer

   #onthisday in 2008 Satoshi Nakamoto [1] posted a paper to to gmane.comp.encryption.general with the subject "Bitcoin P2P e-cash paper" that outlined how a cryptocurrency (and Bitcoin in particular) might work [2].

   Important properties of Satoshi's system included:

   o Double-spending is prevented with a peer-to-peer network.
   o No mint or other trusted parties.
   o Participants can be anonymous.
   o New coins are made from Hashcash style Proof-of-Work (PoW).
   o PoW for new coin generation also enables the network to prevent double-spending.

   Satoshi's original code can be found here: https://satoshi.nakamotoinstitute.org/code.

   More on everything Satoshi can be found here: https://satoshi.nakamotoinstitute.org/.

   References
   --------------
   [1] "Satoshi Nakamoto", https://en.wikipedia.org/wiki/Satoshi_Nakamoto

   [2] "Bitcoin: A Peer-to-Peer Electronic Cash System", https://nakamotoinstitute.org/static/docs/bitcoin.pdf

   #bitcoin #blockchain #satoshi