[p2p-research] Bitcoin open source implementation of P2P currency

[Michel Bauwens]

Hi Satoshi,

how operational is your project? how soon do you think people will be able
to use it in real life?

Michel

On Fri, Feb 13, 2009 at 9:31 AM, Satoshi Nakamoto <satoshin at gmx.com> wrote:

> Martien van Steenbergen wrote:
> > Would love to also see support for not having to supply and
> > managing  money. Would make it easier and cheaper to maintain
> > and results in have sufficient money, always and everywhere.
> > No scarcity, no abundance, exactly the right amount all times,
> > self-organizing.
>
> That's do-able.  It can be programmed to follow any set of rules.
>
> I see Bitcoin as a foundation and first step if you want to implement
> programmable P2P social currencies like Marc's ideas and others discussed
> here.  First you need normal, basic P2P currency working. Once that is
> established and proven out, dynamic smart money is an easy next step.
>
> I love the idea of virtual, non-geographic communities experimenting with
> new economic paradigms.
>
>  Reminds me of:
>>
>>    * AardRock » Wizard Rabbit Treasurer
>>      <http://wiki.aardrock.com/Wizard_Rabbit_Treasurer>; and
>>    * AardRock » Pekunio <http://wiki.aardrock.com/Pekunio>
>>
>
> Indeed, it is much like Pekunio in the concept of spraying redundant copies
> of every transaction to a number of peers on the network, but the
> implementation is not a reputation network like Wizard Rabbit Treasurer.  In
> fact, Bitcoin does not use reputation at all.  It sees the network as just a
> big crowd and doesn't much care who it talks to or who tells it something,
> as long as at least one of them relays the information being broadcast
> around the network.  It doesn't care because there's no way to lie to it.
>  Either you tell it crypto proof of something, or it ignores you.
>
>  Are you familiar with Ripple?
>>
>
> As trust systems go, Ripple is unique in spreading trust around rather than
> concentrating it.
>
>  Is bitcoin also available as a protocol spec (facilitating differen
>> language bindings and implementations; unite on specs, compete on
>> implementation).
>>
>
> It would be best to refer to the C++ source code.  I plan to implement
> interfaces for using the software to send and receive transactions from any
> language, so server side code can easily use it for web based e-commerce
> sites.
>
> Satoshi
>
>
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