Satoshi to Dustin Trammell: use cases and electronic currency future (January 15, 2009)

Quote from: Dustin Trammell on January 13, 2009, 6:40:28 PM UTC

I’ve had that address for a while though so hopefully my dhcp client is being successful at renewing and not losing my address. It does change from time to time, but that address should be good for a while.

There’s at least one node who’s inbound IP keeps changing all the time within the same class B. Maybe every time the program is run. I wasn’t expecting that.

Do you mind if I CC the rest of this to bitcoin-list or Cryptography?

BTW, bitcoin-list is: bitcoin-list@lists.sourceforge.net Subscribe/unsubscribe page: http://lists.sourceforge.net/mailman/listinfo/bitcoin-list Archives: http://sourceforge.net/mailarchive/forum.php?forum_name=bitcoin-list

Dustin Trammell
Quote from: Satoshi Nakamoto on January 13, 2009, 1:55:00 AM UTC

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.

Hal sort of alluded to the possibility that it could be seen as a long-odds investment. 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 TTP gets cold feet.

Even if it doesn’t take off straight away, it’s now available for use by the next guy who comes up with a plan that needs some kind of token or electronic currency. It could get started in a closed system or narrow niche like reward points, donation tokens, currency for a game or micropayments for adult sites. 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.

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.

Satoshi

Original external source

https://en.bitcoin.it/wiki/Source:Trammell/Nakamoto_emails
Published verbatim by Dustin Trammell in November 2013. Full mbox archive distributed as Satoshi_Nakamoto.zip via Trammell's blog (https://blog.dustintrammell.com/i-am-not-satoshi/).