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[EN] The Book of Satoshi by Phil Champagne (beta)
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  • The Book of Satoshi : The Collected Writings of Bitcoin Creator Satoshi Nakamoto by Phil Champagne
  • About the Cover Picture
  • Acknowledgements
  • Who This Book is Intended For
  • Foreword
  • 1. Introduction
  • 2. How and Why Bitcoin Works
  • 3. The First Post on Crypto Mailing List
  • 4. Scalability Concerns
  • 5. The 51% Attack
  • 6. About Centrally Controlled Networks Versus Peer-to-Peer Networks
  • 7. Satoshi on the Initial Inflation Rate of 35%
  • 8. About Transactions
  • 9. On the Orphan Blocks
  • 10. About Synchronization of Transactions
  • 11. Satoshi Discusses Transaction Fees
  • 12. On Confirmation and Block Time
  • 13. The Byzantine General's Problem
  • 14. On Block Time, an Automated Test, and the Libertarian Viewpoint
  • 15. More on Double Spend, Proof-of-Work and Transaction Fees
  • 16. On Elliptic Curve Cryptography, Denial of Service Attacks, and Confirmation
  • 17. More in the Transaction Pool, Networking Broadcast, and Coding Details
  • 18. First Release of Bitcoin
  • 19. On the Purpose For Which Bitcoin Could Be Used First
  • 20. "Proof-of-Work" Tokens and Spammers
  • 21. Bitcoin Announced on P2P Foundation
  • 22. On Decentralization as Key to Success
  • 23. On the Subject of Money Supply
  • 24. Release of Bitcoin Vo.1.3
  • 25. On Timestamping Documents
  • 26. Bitcointalk Forum Welcome Message
  • 27. On Bitcoin Maturation
  • 28. How Anonymous Are Bitcoins?
  • 29. A Few Questions Answered By Satoshi
  • 30. On "Natural Deflation"
  • 31. Bitcoin Version 0.2 is Here!
  • 32. Recommendation on Ways to Do a Payment for An Order
  • 33. On the Proof-of-Work Difficulty
  • 34. On the Bitcoin Limit and Profitability of Nodes
  • 35. On the Possibility of Bitcoin Address Collisions
  • 36. QR Code
  • 37. Bitcoin Icon/Logo
  • 38. GPL License Versus MIT License
  • 39. On Money Transfer Regulations
  • 40. On the Possibility of a Cryptographic Weakness
  • 41. On a Variety of Transaction Types
  • 42. First Bitcoin Faucet
  • 43. Bitcoin 0.3 Released!
  • 44. On The Segmentation or "Internet Kill Switch"
  • 45. On Cornering the Market
  • 46. On Scalability and Lightweight Clients
  • 47. On Fast Transaction Problems
  • 48. Wikipedia Article Entry on Bitcoin
  • 49. On the Possibility of Stealing Coins
  • 50. Major Flaw Discovered
  • 51. On Flood Attack Prevention
  • 52. Drainage of Bitcoin Faucet
  • 53. Transaction to IP Address Rather Than Bitcoin Address
  • 54. On Escrow and Multi-Signature Transactions
  • 55. On Bitcoin Mining as a Waste of Resources
  • 56. On an Alternate Type of Block Chain with Just Hash Records
  • 57. On the Higher Cost of Mining
  • 58. On the Development of an Alert System
  • 59. On the Definition of Money and Bitcoin
  • 60. On the Requirement of a Transaction Fee
  • 61. On Sites with CAPTCHA and Paypal Requirements
  • 62. On Short Messages in the Block Chain
  • 63. On Handling a Transaction Spam Flood Attack
  • 64. On Pool Mining Technicalities
  • 65. On WikiLeaks Using Bitcoin
  • 66. On a Distributed Domain Name Server
  • 67. On a PC World Article on Bitcoin and WikiLeaks Kicking the Hornet's Nest
  • 68. Satoshi's Last Forum Post: Release of Bitcoin 0.3-19
  • 69. Emails to Dustin Trammell
  • 70. Last Private Correspondence
  • 71. Bitcoin and Me (Hal Finney)
  • 72. Conclusion
  • Bitcoin: A Peer-to-Peer Electronic Cash System
  • Terms & Definitions
  • Index
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  • The First Post on Crypto Mailing List

3. The First Post on Crypto Mailing List

Previous2. How and Why Bitcoin WorksNext4. Scalability Concerns

Last updated 12 months ago

3

The First Post on Crypto Mailing List

THIS IS SATOSHI NAKAMOTO’S announcement of Bitcoin. It was posted on the Cryptography Mailing list, a forum for those interested in anything related to cryptography.

Bitcoin P2P e-cash paper

Satoshi Nakamoto Sat, 01 Nov 2008 16:16:330700

I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.

The paper is available at:

The main properties:

Double-spending is prevented with a peer-to-peer network.

No mint or other trusted parties.

Participants can be anonymous.

New coins are made from Hashcash style proof-of-work.

The proof-of-work for new coin generation also powers thenetwork to prevent double-spending.

Bitcoin: A Peer-to-Peer Electronic Cash System

Abstract. A purely peer-to-peer version of electronic cashwould allow online payments to be sent directly from one party to another without the burdens of going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as honest nodes control the most CPU power on the network, they can generatethe longest chain and outpace any attackers. The network itself requires minimal structure. Messages are broadcasted on abest effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

Satoshi Nakamoto

The Cryptography Mailing List

Full paper at:

http://www.bitcoin.org/bitcoin.pdf
http://www.bitcoin.org/bitcoin.pdf