memoscan

0xee99…8e0d

All memos sent from and to 0xee99…8e0d.
0xee99beb2…8e0dsent to0x3a921bf2…713a·#13,311,612·0xc1406acd…8f5545
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless." -Bitcoin open source implementation of P2P currency
0xee99beb2…8e0dsent to0x3a921bf2…713a·#13,311,609·0x326a9cbe…de11aa
"As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoins will be created every year in the future. ... Coins have to get initially distributed somehow, and a constant rate seems like the best formula."-Bitcoin P2P e-cash paper
0xee99beb2…8e0dsent to0x3a921bf2…713a·#13,311,598·0xaf69a1e1…a66bfc
"The possibility to be anonymous or pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoin addresses you use. If you post your bitcoin address on the web, then you're associating that address and any transactions with it with the name you posted under. If you posted under a handle that you haven't associated with your real identity, then you're still pseudonymous. For greater privacy, it's best to use bitcoin addresses only once." -How anonymous are bitcoins?
0xee99beb2…8e0dsent to0x3a921bf2…713a·#13,311,593·0xc2546d0f…59de3c
"Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume."-What's with this odd generation?
0xee99beb2…8e0dsent to0x3a921bf2…713a·#13,311,592·0x43824bfb…48d0f4
"Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own."-Bitcoin P2P e-cash paper
0xee99beb2…8e0dsent to0x3a921bf2…713a·#13,311,575·0x3c0ff65d…a9091e
"A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990's. I hope it's obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we're trying a decentralized, non-trust-based system."-Bitcoin open source implementation of P2P currency
0xee99beb2…8e0dsent to0x3a921bf2…713a·#13,311,565·0x47532d14…c7d6fd
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts." -Bitcoin open source implementation of P2P currency