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Author Topic: Satoshi speaks about Bitcoin, 2008  (Read 1671 times)
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November 27, 2010, 04:56:43 AM

Stumbled across this post from Satoshi from two years ago, explaining his views on botnets, the double spending attack, and the blockchain attack.  According to this, the blockchain attack is just another form of double spend as the attacker would not only have to time his attack but would only be able to capture coins he recently owned.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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November 27, 2010, 02:11:56 PM

I like his notion that those who control the spambots might find it more profitable to generate bitcoins instead, thereby solving the world's spam problem.
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November 27, 2010, 06:44:56 PM

Nice find. Beyond just the technical queries, it was nice to find out a few of Satoshi's world views.
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