From 2586af33ebfbf97a07eca47a003f1e9dba4f4110 Mon Sep 17 00:00:00 2001 From: wakgill <76528604+wakgill@users.noreply.github.com> Date: Fri, 1 Jan 2021 13:29:46 -0600 Subject: [PATCH] Update 2.md --- docs/emails/wei-dai/2.md | 36 ++++++++++++++++++++++++++++++++++++ 1 file changed, 36 insertions(+) diff --git a/docs/emails/wei-dai/2.md b/docs/emails/wei-dai/2.md index 48fe469..794d2b1 100644 --- a/docs/emails/wei-dai/2.md +++ b/docs/emails/wei-dai/2.md @@ -5,3 +5,39 @@ grand_parent: Emails parent: Wei Dai nav_order: 2 --- + +# Re: Citation of your b-money page + +--- + +``` +From: Satoshi Nakamoto +Sent: Saturday, January 10, 2009 11:17 AM +To: weidai@weidai.com +Subject: Re: Citation of your b-money page + +I wanted to let you know, I just released the full implementation of the +paper I sent you a few months ago, Bitcoin v0.1. Details, download and +screenshots are at www.bitcoin.org + +I think it achieves nearly all the goals you set out to solve in your +b-money paper. + +The system is entirely decentralized, without any server or trusted +parties. The network infrastructure can support a full range of escrow +transactions and contracts, but for now the focus is on the basics of +money and transactions. + +There was a discussion of the design on the Cryptography mailing list. +Hal Finney gave a good high-level overview: +| One thing I might mention is that in many ways bitcoin is two independent +| ideas: a way of solving the kinds of problems James lists here, of +| creating a globally consistent but decentralized database; and then using +| it for a system similar to Wei Dai's b-money (which is referenced in the +| paper) but transaction/coin based rather than account based. Solving the +| global, massively decentralized database problem is arguably the harder +| part, as James emphasizes. The use of proof-of-work as a tool for this +| purpose is a novel idea well worth further review IMO. + +Satoshi +```