{
"subject": "Re: [bitcoin-list] Bitcoin v0.1 released",
"content": {
"format": "email",
"body": "> Dustin D. Trammell wrote:\n> > Satoshi Nakamoto wrote:\n> > You know, I think there were a lot more people interested in the 90's,\n> > but after more than a decade of failed Trusted Third Party based systems\n> > (Digicash, etc), they see it as a lost cause. I hope they can make the\n> > distinction that this is the first time I know of that we're trying a\n> > non-trust-based system.\n>\n> Yea, that was the primary feature that caught my eye. The real trick\n> will be to get people to actually value the BitCoins so that they become\n> currency.\n \nI would be surprised if 10 years from now we're not using\nelectronic currency in some way, now that we know a way to do it\nthat won't inevitably get dumbed down when the trusted third party\ngets cold feet.\n\nIt could get started in a narrow niche like reward points,\ndonation tokens, currency for a game or micropayments for adult\nsites. Initially it can be used in proof-of-work applications\nfor services that could almost be free but not quite.\n\nIt can already be used for pay-to-send e-mail. The send dialog is\nresizeable and you can enter as long of a message as you like.\nIt's sent directly when it connects. The recipient doubleclicks\non the transaction to see the full message. If someone famous is\ngetting more e-mail than they can read, but would still like to\nhave a way for fans to contact them, they could set up Bitcoin and\ngive out the IP address on their website. \"Send X bitcoins to my\npriority hotline at this IP and I'll read the message personally.\"\n\nSubscription sites that need some extra proof-of-work for their\nfree trial so it doesn't cannibalize subscriptions could charge\nbitcoins for the trial.\n\nIt might make sense just to get some in case it catches on. If\nenough people think the same way, that becomes a self fulfilling\nprophecy. Once it gets bootstrapped, there are so many\napplications if you could effortlessly pay a few cents to a\nwebsite as easily as dropping coins in a vending machine. \n\nSatoshi Nakamoto\nhttp://www.bitcoin.org\n\n\n\n\n"
},
"source": {
"name": "bitcoin-list",
"url": "https://sourceforge.net/p/bitcoin/mailman/message/21356305/"
},
"date": "2009-01-16T18:35:32Z"
}