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Laurent Raufaste lra

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A description of known problems in Satoshi Nakamoto's paper, "Bitcoin: A Peer-to-Peer Electronic Cash System", as well as notes on terminology changes and how Bitcoin's implementation differs from that described in the paper.

Abstract

The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power.

Make it real

Ideas are cheap. Make a prototype, sketch a CLI session, draw a wireframe. Discuss around concrete examples, not hand-waving abstractions. Don't say you did something, provide a URL that proves it.

Ship it

Nothing is real until it's being used by a real user. This doesn't mean you make a prototype in the morning and blog about it in the evening. It means you find one person you believe your product will help and try to get them to use it.

Do it with style