sequence-numbers

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Event March 9, 2011 Added March 1, 2026 Updated July 8, 2026 Private Correspondence

Satoshi to Mike Hearn on Bitcoin contracts, sequence numbers, and high-frequency trading (March 9, 2011)

Satoshi Nakamoto ↔ Mike Hearn

Satoshi's most detailed explanation of Bitcoin contracts, sequence numbers, nLockTime, and high-frequency trading channels. He explains why merkle branch verification alone cannot stop double-spends.