Trammell On Satoshi, Bitcoin White Paper Day – Bitcoin Magazine


On October 31, 2008, the pseudonymous Satoshi Nakamoto submitted their white paper outlining “Bitcoin: A Peer-To-Peer Electronic Cash System” to’s cryptography mailing list. Shortly after the project’s launch in January 2009, a mailing list subscriber named Dustin Trammell began contributing to the project, asking questions and submitting bugs to the paper’s author and becoming one of the first people on earth to be “orange pilled” by Bitcoin’s formative outline.

“When first reading it, I remember being impressed that someone had discovered a way to prevent double-spending with digital currency,” Trammell recalled. “Being fairly Libertarian minded and interested in alternative currencies and economic systems, I was excited for the software to be released so that I could take a look at it in action.”

Nakamoto’s paper outlined a vision of digital currency that would enable direct payments between parties “without going through a financial institution.” It explained the potential roles of digital signatures, a network of nodes screening for valid transactions and the incentives of block rewards and transaction fees. And, looking back some 14 years later, other aspects of the introduction seem particularly prescient to Trammell as well.

Source link Bitcoin Magazine


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