Bitcoin P2P e-cash paper
James A. Donald responds to Satoshi's Bitcoin announcement, raising the question of how the system scales and how nodes agree on a single transaction history.
5 entries
James A. Donald responds to Satoshi's Bitcoin announcement, raising the question of how the system scales and how nodes agree on a single transaction history.
Mike Hearn contacts Satoshi Nakamoto for the first time with questions about Bitcoin's scalability, mining hardware, inflation schedule, and coin denominations.
Satoshi discusses Bitcoin's scalability, comparing potential transaction volume to Visa and explaining how the system can scale with technological progress.
Satoshi warns against using a block size limit patch, agreeing with theymos that it would cause network incompatibility, and suggests phasing in changes later when needed.
Mike Hearn asks about the origin of the 21 million coin limit, the 10-minute block target, and the 500KB block size limit while working on a Java SPV implementation for Android.