• Skip to primary navigation
  • Skip to content
  • Skip to footer

Nakamoto Studies Institute

  • Satoshi Writings
    • Satoshi’s White Paper
    • Satoshi Nakamoto Emails
    • Satoshi Nakamoto Forum Writings
  • Literature
    • Daniel Krawisz Archive
  • About NSI
  • Newsletter
  • Support
You are here: Home / Emails / Re: Bitcoin P2P e-cash paper

Re: Bitcoin P2P e-cash paper

November 10, 2008 by bitcoincash

James A. Donald wrote:
> Furthermore, it cannot be made to work, as in the
> proposed system the work of tracking who owns what coins
> is paid for by seigniorage, which requires inflation.

If you’re having trouble with the inflation issue, it’s easy to tweak it for transaction fees instead. It’s as simple as this: let the output value from any transaction be 1 cent less than the input value. Either the client software automatically writes transactions for 1 cent more than the intended payment value, or it could come out of the payee’s side. The incentive value when a node finds a proof-of-work for a block could be the total of the fees in the block.

Satoshi Nakamoto

———————————————————————
The Cryptography Mailing List
Unsubscribe by sending “unsubscribe cryptography” to [EMAIL PROTECTED]

Filed Under: Emails Tagged With: inflation, james a. donald

Support NSI with Bitcoin Cash

Did you like this piece? Please consider dropping a tip to support our ongoing efforts to archive the work of Satoshi Nakamoto. Small tips are only made possible with Bitcoin Cash!

Footer

Categories

  • Code
  • Emails
  • Forums
  • Literature
  • Uncategorized

Keywords

adam back anonymous b-money bitcoin.org Bitcoin: A Peer-to-Peer Electronic Cash System bitcointalk bug commerce double spend dustin d. trammel gavin andresen generate coins gnutella gpu hal finney hashcash hash cash inflation james a. donald liberty standard linux micropayment mike hearn moore's law napster nicholas bohm node non-reversible transaction p2p foundation proof-of-work ray dillinger satoshi nakamoto scaling Simplified Payment Verification sirius-m the crypto anarchist manifesto" the cryptography mailing list timothy c. may tor transaction fee v0.1.6 visa wei dai white paper [bitcoin-list]

Support NSI with Bitcoin Cash

Copyright © 2020 · Genesis Sample on Genesis Framework ·