3 entries
Satoshi clarifies that the requirement is for 'the good guys collectively' to have more CPU power than any single attacker, and explains how smaller operations could profitably generate bitcoins.
Satoshi discusses how proof-of-work tokens could mitigate spam by creating economic incentives that make spamming unprofitable, including the concept of reverse-spamming with fake mailboxes.
Bitcoin researcher Jameson Lopp demonstrates that Satoshi deliberately throttled mining capacity, earning only ~1.1 million BTC when full-capacity mining could have yielded ~2.19 million BTC. Lopp concludes: 'Anyone who claims that Satoshi was greedy simply hasn't done the math.'