4 entries
Satoshi outlines the economic model of Bitcoin, explaining that rational market prices reflect expected future value, and compares production cost dynamics to commodity pricing.
Satoshi addresses concerns about deflation, arguing that coins lost or forgotten effectively reduce the money supply, making remaining coins slightly more valuable.
Nick Szabo discusses why Bitcoin took so long to be invented, the similarities and differences between bit gold and Bitcoin, and why 'nearly everybody who heard the general idea thought it was a very bad idea.'
Comprehensive interview with Ray Dillinger by Tim Swanson, marking the 10th anniversary of the Bitcoin whitepaper. Dillinger reveals technical details of his code review, including the famous floating-point discovery and Satoshi's reasoning for using double-precision floats.