tag:blogger.com,1999:blog-17908317.post113588451301633208..comments2024-03-15T20:20:47.934-07:00Comments on Unenumerated: Bit goldNick Szabohttp://www.blogger.com/profile/16820399856274245684noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-17908317.post-50045020104738900332017-09-08T18:49:41.115-07:002017-09-08T18:49:41.115-07:00RESPECT SIR! Thank you for everything you've d...RESPECT SIR! Thank you for everything you've done NS.<br />Charlesnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-47360954010951382882017-08-25T14:17:42.541-07:002017-08-25T14:17:42.541-07:00Nick, amazing work. Thank you. That you foresaw th...Nick, amazing work. Thank you. That you foresaw the issue of ASIC's is demonstrates your great knowledge: "The main problem with all these schemes is that proof of work schemes depend on computer architecture, not just an abstract mathematics based on an abstract "compute cycle." "Alex Millar (@bitcoin3000)https://www.blogger.com/profile/11673636763801835349noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-61978483534555083122017-01-17T21:48:56.797-08:002017-01-17T21:48:56.797-08:00Nick I hope this concept becomes every mans realit...Nick I hope this concept becomes every mans reality :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-69374842311204108962016-08-06T08:26:29.704-07:002016-08-06T08:26:29.704-07:00Inspiring...
Freedom is never given; it is won.
...Inspiring...<br /><br />Freedom is never given; it is won.<br /><br />Noslivhttps://www.blogger.com/profile/11307797731567549288noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-80250059253547924702016-06-09T16:26:59.759-07:002016-06-09T16:26:59.759-07:00Interesting to think of the (cost of work)/coin as...Interesting to think of the (cost of work)/coin as the fundamental price-driving force. Makes me wonder what will happen to the price of other coins when the rewards halve, or the even more unknown territory, proof-of-steakzacnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-92146814197527309952016-01-10T19:56:13.523-08:002016-01-10T19:56:13.523-08:00And thus the world is changed, forever, for the be...And thus the world is changed, forever, for the better.<br /><br />Thanks NickMatthewnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-24123785473461502232015-11-14T03:45:24.151-08:002015-11-14T03:45:24.151-08:00You changed many a nerds lifeYou changed many a nerds lifeAnonymoushttps://www.blogger.com/profile/00776423535110743974noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-59016535637445550432015-08-02T19:09:46.609-07:002015-08-02T19:09:46.609-07:00One small post for Nick, a giant leap for humanity...One small post for Nick, a giant leap for humanity. <br />Simply Nobel prise worthy. <br />MGAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-47703708865249910512015-05-08T07:05:06.217-07:002015-05-08T07:05:06.217-07:00great idea that will revolutionize the way we do b...great idea that will revolutionize the way we do business. its now 2015... only a couple of more years and I believe it will be a mainstream thing. Congratulations on your good work.<br /><br />DenoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-2031318617670936592015-04-21T18:10:25.326-07:002015-04-21T18:10:25.326-07:00Thank you soo much Nick, your thinking has changed...Thank you soo much Nick, your thinking has changed my life in nearly every aspect. Much love and respect.Anonymoushttps://www.blogger.com/profile/13452133110664051215noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-10737905551704141522014-11-26T16:23:49.139-08:002014-11-26T16:23:49.139-08:00Mssr. Szabo, the entire cryptocurrency 'establ...Mssr. Szabo, the entire cryptocurrency 'establishment' owes you an immense debt of gratitude. I do agree with some of the comments (and had arrived at the same opinion independently) that we'd be better off with a POW function that does something more important than just solving a meaningless puzzle. I'm thinking of a domain-specific function such as predicting protein folding (critical in medicine and bio-tech) or for general purpose (e.g. spending cycles on a highly distributed problem, which has its own value). Of course, the two major constraints of POW must be maintained: 1/ confirmation of the solution must be trivial, and 2/ the computational cost for producing the solution must be controllable. Or maybe not - perhaps you get more in return for having provided more value in your POW.Tom Eckhttps://www.blogger.com/profile/03459617331558041227noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-80843573981615548642014-11-22T12:47:25.014-08:002014-11-22T12:47:25.014-08:00Well said Sandro.
Thank you Nick.Well said Sandro.<br /><br />Thank you Nick.PeterIIInoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-12663423100679852132014-11-16T08:53:42.752-08:002014-11-16T08:53:42.752-08:00Here lies something beautiful. PolymatheusHere lies something beautiful. PolymatheusAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-52450719087058370132014-11-09T04:51:35.510-08:002014-11-09T04:51:35.510-08:00It's very *odd* that such smart people miss th...It's very *odd* that such smart people miss the basic problem left unsolved. No matter what the token, its value is what you can exchange it for.<br /><br />The real threat to the stability of currencies has been the self-contradictory *practice* (whatever coinage is used) of compounding returns on investment, as if believing that every coin earned in the past can be owed limitlessly growing new returns in the future. <br /><br />Yes, I know the idea of investors having the responsibility to **spend their winnings**, as the one way to keep debts in the system from becoming an existential threat to the system, and destabilizing the pool, is just silly and abhorrent to money makers as anything could be. It's also VERY REAL OBLIGATION TO PRESERVE THE SYSTEM, in environmental terms. <br /><br />No matter what pile of credit you accumulate, it's ONLY real value is what you can EXCHANGE IT FOR. So accumulating credits for SERVICES NOT CONSUMED, withdrawing the credit to your own account exponentially, and so removing it from the system for exchanges as a rule, as we're all told to do to "make money", doesn't work. <br /><br />It does in fact directly cause what you can exchange it for to inflate in false value to a point of collapse, *very naturally*. jessilydiahttps://www.blogger.com/profile/09657452820388113610noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-63826000983332318132014-10-27T17:58:02.023-07:002014-10-27T17:58:02.023-07:00It's a pleasure to leave my minuscule sign in ...It's a pleasure to leave my minuscule sign in this fundamental page for the history of mankind.Sandronoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-47823688465272317352014-10-21T08:23:48.201-07:002014-10-21T08:23:48.201-07:00One day, people will look upon this post as the ac...One day, people will look upon this post as the actual genesis moment of Bitcoin. This is a a piece of digital history, worthy of preservation. Thank you Nick.Sebastian Schepishttps://www.blogger.com/profile/08976173165380432515noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-85633061978591114752014-09-04T11:40:12.471-07:002014-09-04T11:40:12.471-07:00Here is the record of a great moment in human hist...Here is the record of a great moment in human history.algroistanoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-62553404307748406862014-02-19T20:40:03.184-08:002014-02-19T20:40:03.184-08:00Thanks for laying the foundation for bitcoin Nick,...Thanks for laying the foundation for bitcoin Nick, we owe a great debt to you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-1425042633374649062014-02-04T08:47:33.211-08:002014-02-04T08:47:33.211-08:00o.m.agunloye@gmail.com
I like this idea, but what...o.m.agunloye@gmail.com<br /><br />I like this idea, but what I don't agree with is the centralization. Bitcoin is already on that, so why don't you implement this with...well email me to find out my thoughts (if you care).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-88220155205543654892013-12-02T22:04:09.267-08:002013-12-02T22:04:09.267-08:00Congrats on inventing BitCoinCongrats on inventing BitCoinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-46646311515161575882013-02-12T07:04:54.116-08:002013-02-12T07:04:54.116-08:00Hi Nick,
Great article! I'm a producer at Huf...Hi Nick,<br /><br />Great article! I'm a producer at HuffPost Live, The Huffington Post's online streaming news network. I'm working a web-chat, scheduled for today, Tues. 2/12 at 5pm ET about Bitcoins. Will virtual currency reign in the future? Amazon now has ‘coins,' and Bitcoin is preparing for a future dependent on virtual currency. Can cryptography be used to avoid the pitfalls of central authority?<br /><br />I'd love to hear your thoughts on this topic. Please let me know if you are interested and available to join us via webcam and I will send you further details.<br /><br />Best,<br />Shelley Thomas<br />shelley.thomas@huffingtonpost.com<br />live.huffingtonpost.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-89265475962799671112013-02-07T06:02:30.823-08:002013-02-07T06:02:30.823-08:00I agree, this does sound like a revolutionary conc...I agree, this does sound like a revolutionary concept, and I hope it go out.<a href="http://ubiquitousmarketing.com/workout-program/les-mills-pump-review/" rel="nofollow">.</a>.<a href="http://ubiquitousmarketing.com/supplements/ageless-male-reviews/" rel="nofollow">.</a>.at least in trial form.Tommy Jnoreply@blogger.comtag:blogger.com,1999:blog-17908317.post-6694222571500915552010-11-09T07:14:49.400-08:002010-11-09T07:14:49.400-08:00Money, in general terms is a limiting factor to th...Money, in general terms is a limiting factor to the advancement of human civilization.<br /><br />With your idea, anyone with a computer has the capacity to create wealth! It has much the same business model as land, anyone with land can live form it in various ways.<br /><br />Your idea puts the power of wealth in the hands of the common people. I hope it catches on!Synonymoushttp://www.michaelwharton.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-51676833010037620662010-09-06T00:09:04.513-07:002010-09-06T00:09:04.513-07:00I know this is an old post, but if you are still i...I know this is an old post, but if you are still interested in proof-of-work systems and their applicability as a digital currency, you might want to check out http://www.bitcoin.org It's a decentralized, P2P, cryptocurrency based on a proof of work algorithm.Unknownhttps://www.blogger.com/profile/04261760127085182901noreply@blogger.comtag:blogger.com,1999:blog-17908317.post-33528590974779998042009-03-06T18:15:00.000-08:002009-03-06T18:15:00.000-08:00"Unlike fungible atoms of gold, but as with collec..."Unlike fungible atoms of gold, but as with collector's items, a large supply during a given time period will drive down the value of those particular items."<BR/><BR/>I'm not convinced that this distinction is actually correct. It is just the case that, within the last few centuries, the amount of newly available gold in any year as a percentage of the total stock has been relatively small, so we do not observe this effect. However in Spain in the 1500s the amount of gold imported from the new world was sufficient to cause noticeable inflation.<BR/><BR/>As an intellectual exercise, consider what would happen to the price of gold if every day each person in the world woke up with a shiny new kruggerand underneath their pillow.Jack Lloydhttps://www.blogger.com/profile/04407541213829449353noreply@blogger.com