Questions about BitCoin
Mike Hearn contacts Satoshi Nakamoto for the first time with questions about Bitcoin's scalability, mining hardware, inflation schedule, and coin denominations.
8 entries
Mike Hearn contacts Satoshi Nakamoto for the first time with questions about Bitcoin's scalability, mining hardware, inflation schedule, and coin denominations.
Mike Hearn asks Satoshi whether the Electronic Funds Transfer Act could apply to Bitcoin and if the inability to do chargebacks risks making it illegal.
Mike Hearn asks about the origin of the 21 million coin limit, the 10-minute block target, and the 500KB block size limit while working on a Java SPV implementation for Android.
Mike Hearn announces the open-source release of BitcoinJ under the Apache 2 license, and asks about merkle branch verification, scripting language ideas, and why transaction replacement was disabled.
Mike Hearn describes his work on Google's abuse team and proposes using Bitcoin as collateral against accounts for spam prevention, asking about time-locking coins.
Mike Hearn's private email correspondence with Satoshi Nakamoto, in which Satoshi stated he had 'moved on to other things' and that Bitcoin was 'in good hands with Gavin and everyone.'
Mike Hearn publishes 'The resolution of the Bitcoin experiment,' declaring that Bitcoin has failed due to governance breakdown and the block size stalemate. He announces he has sold all his coins and is leaving the project.
Mike Hearn publishes his private email correspondence with Satoshi Nakamoto, providing valuable insights into Satoshi's thinking about Bitcoin's technical future.