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@@ -42,6 +42,33 @@ The central bank must be trusted not to debase the currency, but the history of
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Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
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Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
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### [Bitcoin v0.1 released](/docs/emails/cryptography/17)
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{: .no_toc }
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Once it gets bootstrapped, there are so many
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applications if you could effortlessly pay a few cents to a
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website as easily as dropping coins in a vending machine.
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### [Bitcoin v0.1 released](/docs/emails/cryptography/17)
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{: .no_toc }
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It could get started in a narrow niche like reward points,
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donation tokens, currency for a game or micropayments for adult
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sites. Initially it can be used in proof-of-work applications
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for services that could almost be free but not quite.
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### [Bitcoin v0.1 released](/docs/emails/cryptography/17)
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{: .no_toc }
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It can already be used for pay-to-send e-mail. The send dialog is
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resizeable and you can enter as long of a message as you like.
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It's sent directly when it connects. The recipient doubleclicks
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on the transaction to see the full message. If someone famous is
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getting more e-mail than they can read, but would still like to
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have a way for fans to contact them, they could set up Bitcoin and
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give out the IP address on their website. "Send X bitcoins to my
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priority hotline at this IP and I'll read the message personally."
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## Nodes
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## Nodes
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### [Re: More BitCoin questions](docs/emails/mike-hearn/12/)
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### [Re: More BitCoin questions](docs/emails/mike-hearn/12/)
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