Satoshi ↔ Mike Hearn — BitcoinJ & Contracts
Mike Hearn acknowledges the double-spend verification issue, asks about the publish/subscribe protocol feature, and seeks clarification on Satoshi's merged mining proposal.
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18 entries / 4 threads
Mike Hearn acknowledges the double-spend verification issue, asks about the publish/subscribe protocol feature, and seeks clarification on Satoshi's merged mining proposal.
Satoshi Nakamoto ↔ Mike Hearn, Martti Malmi
Satoshi sized the 21 million cap so amounts would land between 0.01 and 1000. The cent ran through his code, his fees and more than two years of his writing. The yen does not appear even once.
galeru raises questions about how users will determine transaction fees, noting that current debates about BitDNS assume fine-grained miner fee decisions without any user-friendly implementation.
Nicholas Bohm ↔ Satoshi Nakamoto
Bohm reports that Bitcoin runs smoothly but that one block generated on May 11 was credited +50.10, while all his other generated blocks were exactly 50.
Satoshi explains Bitcoin's scalability, the transition to transaction fees, the choice of 21 million coins, and 64-bit integer values with 8 decimal places.
Satoshi Nakamoto ↔ Ray Dillinger
Satoshi responds to Ray Dillinger's 35% inflation claim, explaining how difficulty adjustment keeps production constant and how transaction fees provide an alternative incentive.