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+---
+layout: default
+title: "Bitcoin v0.1 released"
+grand_parent: Emails
+parent: Cryptography Mailing List
+nav_order: 17
+---
+
+# Bitcoin P2P e-cash paper
+
+The email on the Cryptography Mailing List that announced Bitcoin publicly to the world.
+{: .fs-6 .fw-300 } 
+
+---
+
+```
+> Dustin D. Trammell wrote:
+> > Satoshi Nakamoto wrote:
+> > You know, I think there were a lot more people interested in the 90's,
+> > but after more than a decade of failed Trusted Third Party based systems
+> > (Digicash, etc), they see it as a lost cause. I hope they can make the
+> > distinction that this is the first time I know of that we're trying a
+> > non-trust-based system.
+>
+> Yea, that was the primary feature that caught my eye. The real trick
+> will be to get people to actually value the BitCoins so that they become
+> currency.
+
+I would be surprised if 10 years from now we're not using
+electronic currency in some way, now that we know a way to do it
+that won't inevitably get dumbed down when the trusted third party
+gets cold feet.
+
+It could get started in a narrow niche like reward points,
+donation tokens, currency for a game or micropayments for adult
+sites. Initially it can be used in proof-of-work applications
+for services that could almost be free but not quite.
+
+It can already be used for pay-to-send e-mail. The send dialog is
+resizeable and you can enter as long of a message as you like.
+It's sent directly when it connects. The recipient doubleclicks
+on the transaction to see the full message. If someone famous is
+getting more e-mail than they can read, but would still like to
+have a way for fans to contact them, they could set up Bitcoin and
+give out the IP address on their website. "Send X bitcoins to my
+priority hotline at this IP and I'll read the message personally."
+
+Subscription sites that need some extra proof-of-work for their
+free trial so it doesn't cannibalize subscriptions could charge
+bitcoins for the trial.
+
+It might make sense just to get some in case it catches on. If
+enough people think the same way, that becomes a self fulfilling
+prophecy. Once it gets bootstrapped, there are so many
+applications if you could effortlessly pay a few cents to a
+website as easily as dropping coins in a vending machine.
+
+Satoshi Nakamoto
+http://www.bitcoin.org
+
+
+---------------------------------------------------------------------
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+```