Bitcoin Institute

Nicholas Bohm to Satoshi: a fee of 0.07, with a balance over 35,000 (May 25, 2009)

Nicholas Bohm May 25, 2009 08:14 UTC
Quote from: Satoshi Nakamoto on May 24, 2009, 8:45:00 PM UTC

That’s the transaction fee feature. If you generate a block containing a transaction that includes a transaction fee, you earn the transaction fee in addition to the 50.00. Someone must have included a 0.10 fee with one of their transactions. The setting to do that is under options. Including a fee is completely optional, more of a donation to nodes for helping out.

Quote from: Nicholas Bohm on May 17, 2009, 10:11:00 AM UTC

Bitcoin continues to run smoothly, but I noticed an unusual event:

731 blocks      11/05/2009 15:58    Generated         +50.10

All prior and subsequent generated packers have been of exactly 50.

Just in case this is of interest!

Regards,

Nicholas

Thanks for the explanation. I’ve set a transaction fee of 0.07, just to see how it works out. (I feel I can afford it, as my balance is now over 35,000!)

Nicholas

Original external source

https://eth.loan/pdfs/20090525-Re_Bitcoin-207675.pdf
From exhibit NB1 to Nicholas Bohm's witness statement in COPA v Wright: his own export of his correspondence with Satoshi from Mozilla Thunderbird, filed in July 2023 and put online by decashed.eth in January 2025. The time is the one shown in Bohm's mail client (UK time), converted to UTC. The postal address and telephone numbers in Bohm's signature are omitted.