370 which was enough for him to get across his thoughts. You could learn a lot by his example.
I already told people: the long version is free, for the short version, you'll have to pay. I didn't have time to be short.
Satoshi proposed a client/multi-server network ; we observe that bitcoin BECAME a client/multi-server network. A client/multi-server network can perfectly scale, as Satoshi explained above.
It would be interesting to know if he still holds this view now or whether his thoughts have evolved along the same lines as those he handed the project over to.
It demonstrates that there's no scaling problem in the original vision. That original vision is much less decentralized than what the "religion" would like, but it was/is a perfectly functional vision. As I outlined several times, the whole story that has been sold afterwards, with the need for a lot of poor Joe's running non-mining nodes in their basement, hitting the problem Satoshi already solved with SPV in 2008, rendering the system non-scalable, and on top of that, not adding any form of real decentralization to it, is an amazing feat of deception and/or stupidity. I don't know if Satoshi would have fallen for it, even though he was at the origin of the technicality on which this story latched: his famous introduction of a 1MB limit. There's another thread where I give my opinions on that.
But I think that the LN is not a payment network, and that payment is not a good application (like payment is not a good application for bitcoin either).
I would be surprised though if he had changed his mind as to why he created Bitcoin.
Bitcoin: A Peer-to-Peer Electronic Cash SystemWhat is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
Yes, and it was pointed out to him that his economic system wouldn't work as a currency, and he wavered that away with some economic mumbo jumbo that turned out to be wrong.
This post was simply brilliant:
https://bitcointalk.org/index.php?topic=57.msg390#msg390I wasn't aware of this until recently, but I also thought of it as obvious.
As to what Satoshi really thought, as where Satoshi really made mistakes, and in what way Satoshi was having different goals than what he indicated (in other words, in how much he was lying through his teeth), is hard to say. Some inconsistencies would actually make more sense if "Satoshi" were different people at different instances, having slightly different visions.