Event Forum Post 33 messages
A few suggestions
Satoshi explains the economics of mining and the difficulty adjustment in plain terms, noting that the system is designed to be fair regardless of computing power.
difficulty
Entries tagged with this topic. Spans across types and sources — explore connections between people, events, and themes.
3 entries
Event Private Correspondence 14 messages
Satoshi ↔ Mike Hearn — Initial Questions
Satoshi explains micropayments can be safely accepted immediately, describes how merchants detect double-spends, and clarifies that proof-of-work difficulty is hardcoded rather than transmitted.
Updated Design Document
Bitcoin consensus design — proof of work, difficulty adjustment, and fork handling
How Bitcoin nodes agree on a single chain: SHA-256d proof of work, the difficulty adjustment algorithm, block validation rules, fork resolution, and probabilistic finality.