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THIS DAY IN BITCOIN HISTORY

November 8

Satoshi’s email from November 8, 2008: “Bitcoin P2P e-cash paper”, quoted from the original source.

FROM THE ARCHIVE

What Satoshi wrote on November 8.

Emails · 2008Bitcoin P2P e-cash paper

Ray Dillinger: > the "currency" is inflationary at about 35% > as that's how much faster computers get annually > ... the inflation rate of 35% is almost guaranteed > by the technology Increasing hardware speed is han…

SATOSHI ON TRANSACTIONS
We need a way for the payee to know that the previous owners did not sign any earlier transactions. For our purposes, the earliest transaction is the one that counts, so we don't care about later attempts to doub…
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