Satoshi Nakamoto explains the blockchain

[Severian]

The obvious brilliance of the solution rests on one fact: the Bitcoin network has been up for four years. The bad press, the network attacks, the server hacks, the market crashes…all have come and gone but Bitcoin keeps chugging like the lean and strong little engine that it is.

Below is Satoshi’s early description of his solution to the Byzantine Generals’ Problem which we now use as Bitcoin’s blockchain.

Satoshi Nakamoto explains the blockchain

[knight22]

Wow this is full of historical stuffs!! Thanks for sharing this!

Others:

http://www.mail-archive.com/search?l=cryptography%40metzdowd.com&q=satoshi&submit.x=0&submit.y=0

[AnonyMint]

The obvious brilliance of the solution rests on one fact: the Bitcoin network has been up for four years. The bad press, the network attacks, the server hacks, the market crashes…all have come and gone but Bitcoin keeps chugging like the lean and strong little engine that it is.

Below is Satoshi’s early description of his solution to the Byzantine Generals’ Problem which we now use as Bitcoin’s blockchain.

Satoshi Nakamoto explains the blockchain

Have you ever heard of Long-tail distribution failure:

https://bitcointalk.org/index.php?topic=160612.0

[aes1]

Wow this is full of historical stuffs!! Thanks for sharing this!

Others:

http://www.mail-archive.com/search?l=cryptography%40metzdowd.com&q=satoshi&submit.x=0&submit.y=0

It's a gold mine indeed. Interesting to see some of the old topics like requiring proof-of-work for sending email and other means of spam prevention (I'd love to see a forum software that would use bitcoins to prevent spam).

Also, the first reply to the 0.1 announcement by Hal Finney nails it: the odds of bitcoin succeeding vs. the expected value of bitcoin were quite attractive at that point, even though few people realized it. Now more and more are starting to realize it (despite, or perhaps because the odds of succeeding are much bigger now), which is in turn driving the price higher and higher.

[Friend of a Friend]

It'll be interesting to see if Bitcoin can avoid having any more issues and hackings throughout it's hopefully continuing life

[advanced]

The obvious brilliance of the solution rests on one fact: the Bitcoin network has been up for four years. The bad press, the network attacks, the server hacks, the market crashes…all have come and gone but Bitcoin keeps chugging like the lean and strong little engine that it is.

Below is Satoshi’s early description of his solution to the Byzantine Generals’ Problem which we now use as Bitcoin’s blockchain.

Satoshi Nakamoto explains the blockchain

Thanks for the gig! useful!

[bitchris]

I was looking for this - Thanks!

[jimafternoon]

I was looking for this - Thanks!

Did he post on this forum?   

If so, under what name?

[fiaskow]

It'll be interesting to see if Bitcoin can avoid having any more issues and hackings throughout it's hopefully continuing life

Don't confuse the bitcoin network with the exchanges/wallets/services built to lubricate the bitcoin economy. There will always be security breaches of those types of services.Just like regular online banks/payment services gets phised/compromised but it doesnt have a material effect on the currencies it holds/trades.