Post
Topic
Board Bitcoin Discussion
Re: How Satoshi Nakamoto invented non-existent bitcoins
by
DigitalMonk
on 19/08/2022, 09:06:27 UTC
Your post is amazing.

Almost everything you wrote is silly. Except somehow, some way, you understood what few people realize, that Nakamoto's system does nothing more than transfer integer numbers from one long string of letters/numbers (public address) to another. These integer numbers today are called Satoshis (in honor of), and the white paper does not mention the word bitcoin at all. The word "bitcoin" (when used used to represent the system's native token) is just a representation of an amount of satoshis, one bitcoin = 100.000.000 satoshis. You are correct in your assessment that all that is happening is that regular plain old integer numbers (satoshis) are being rearranged.

How you were able to understand this, and not understand anything else about how bitcoin (the network) operates, or how the systems protocol works, or how it can be used as an electronic payment system, or the implications this could have to the future of finance in this world, or why it is accruing value over time, is just mind blowing.

Something you are saying is wrong, in the White Paper, SN mention first, Bitcoin: A Peer-to-Peer Electronic Cash System . What Snowshow is writing is revealing his own identity.