Wei Dai on stumbling into Bitcoin and the missed gold rush
Wei Dai LessWrong post revealing Satoshi emailed him about Bitcoin v0.1 in early 2009, but Dai ignored it because he was more interested in Less Wrong than Cypherpunks at the time.
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5 entries
Wei Dai LessWrong post revealing Satoshi emailed him about Bitcoin v0.1 in early 2009, but Dai ignored it because he was more interested in Less Wrong than Cypherpunks at the time.
Wei Dai's LessWrong Q&A reflections: Satoshi did not read the b-money paper before reinventing the idea, and Dai had grown disillusioned with cryptoanarchy by the time he wrote it up.
Wei Dai LessWrong comments: Bitcoin's monetary policy has failed due to volatility, and he never replied to Satoshi's 2008 review email — regretting he could have dissuaded the fixed-supply choice.
On LessWrong, Wei Dai clarifies he did not create Bitcoin — "only described a similar idea more than a decade ago" — buys a Radeon 5870 to mine, and warns Bitcoin lacks cryptographer security review.
Hal Finney's essay on LessWrong, written ~two months after his ALS diagnosis in August 2009. He expressed hope and determination, dreaming of continuing to contribute to open-source software.