3 entries
Wei Dai's reply to Adam Back on the Cypherpunks mailing list, discussing b-money's practical limitations. Dai acknowledged that 'b-money will at most be a niche currency/contract enforcement mechanism' and revealed a shift in his political views, stating 'I now tend to think that the government monopoly of force is a net benefit.'
Satoshi explains Bitcoin's proof-of-work mining, halving schedule, and fixed supply in response to questions from Joerg Baach and Sepp Hasslberger, comparing it to a precious metal where supply is predetermined and value changes.
Wei Dai's comments on the LessWrong post 'Bitcoins are not digital greenbacks,' in which he argued that Bitcoin has 'failed with regard to its monetary policy' due to price volatility, and revealed that he never responded to Satoshi's 2008 email asking for comments — regretting that he 'could have dissuaded him (or them) from the fixed supply of money idea.'