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45 lines
1.5 KiB
Markdown
---
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layout: default
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title: "Re: Citation of your b-money page"
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grand_parent: Emails
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parent: Wei Dai
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nav_order: 2
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date: 2009-01-10 11:17
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---
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# Re: Citation of your b-money page
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---
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```
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From: Satoshi Nakamoto
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Sent: Saturday, January 10, 2009 11:17 AM
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To: weidai@weidai.com
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Subject: Re: Citation of your b-money page
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I wanted to let you know, I just released the full implementation of the
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paper I sent you a few months ago, Bitcoin v0.1. Details, download and
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screenshots are at www.bitcoin.org
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I think it achieves nearly all the goals you set out to solve in your
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b-money paper.
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The system is entirely decentralized, without any server or trusted
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parties. The network infrastructure can support a full range of escrow
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transactions and contracts, but for now the focus is on the basics of
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money and transactions.
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There was a discussion of the design on the Cryptography mailing list.
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Hal Finney gave a good high-level overview:
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| One thing I might mention is that in many ways bitcoin is two independent
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| ideas: a way of solving the kinds of problems James lists here, of
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| creating a globally consistent but decentralized database; and then using
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| it for a system similar to Wei Dai's b-money (which is referenced in the
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| paper) but transaction/coin based rather than account based. Solving the
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| global, massively decentralized database problem is arguably the harder
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| part, as James emphasizes. The use of proof-of-work as a tool for this
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| purpose is a novel idea well worth further review IMO.
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Satoshi
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```
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