| submitted by /u/DesignerAccount
On Today’s Episode of Let’s Talk Bitcoin…Andreas, Stephanie and Adam discuss appeals to authority in a blockchain world.Examining Ethereum’s Paradox of Choice(or, Why You Shouldn’t Be An Elder)You always wanted to buy Satoshi’s book, right?(or, All Satoshis are Fake Satoshis)Bonus:Collaborate with Andreas on Mastering EthereumThis episode of Let’s Talk Bitcoin! was sponsored by EasyDNS.com and was edited…
In 2010 a guy bought 2 pizzas for 10,000 BTC and today he got the same for 649,000 satoshis i.e 0.00649 BTC
He published the BIP176 that already got accepted LINK https://github.com/bitcoin/bips/blob/master/bip-0176.mediawiki
Excerpt from the BIP176:
- Reduce user error on small bitcoin amounts.
- Reduce unit bias for users that want a "whole" bitcoin.
- Allow easier comparisons of prices for most users.
- Allow easier bi-directional comparisons to fiat currencies.
- Allows all UTXO amounts to need at most 2 decimal places, which can be easier to handle.
Link to the white paper is here – https://bitcoin.org/bitcoin.pdf
*9th page is the reference page. so really, it's only 8 pages.
I was just re-reading it, and i really enjoy Satoshi's outright sass in it. For example, when talking about 'greedy attackers' :
"He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth."
and you can see that he was aware and conscious about node's being able to store the blocks with commonly found hardware:
"A block header with no transactions would be about 80 bytes. If we suppose blocks are generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in memory."
EDIT – I've unknowingly sort of delved into the block-size/scaling debate in the last bit above. Not my intention. Bitcoin itself has evolved from the original white paper. Satoshi himself had found ways to improve on top of the white paper during the days he was active. My point here is to appreciate the great invention and truly understand it as told my the author/creator himself 🙂