It's really well done, the author seems to know quite a few elements of Satoshi culture, like certain expressions and three purely British words. But you forgot, for example, that Satoshi never wrote "email" but "e-mail", like this:
https://web.archive.org/web/20000817014127/http://www.chalidze.com/https://satoshi.nakamotoinstitute.org/posts/bitcointalk/288/https://satoshi.nakamotoinstitute.org/emails/bitcoin-list/28/https://satoshi.nakamotoinstitute.org/emails/cryptography/18/On the other hand, here is the summary he makes of version 0.3 to understand what seems important to him in Bitcoin:
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https://satoshi.nakamotoinstitute.org/emails/bitcoin-list/30/#selection-9.1-65.12---
bitcoin-list] Bitcoin 0.3 released!
2010-07-06 21:53:53 UTC - Original Email - View in Thread
Announcing version 0.3 of Bitcoin, the P2P cryptocurrency! Bitcoin is a
digital currency using cryptography and a distributed network to replace
the need for a trusted central server.
Escape the arbitrary inflation
risk of centrally managed currencies! Bitcoin's total circulation is
limited to 21 million coins. The coins are gradually released to the
network's nodes based on the CPU power they contribute, so you can get a
share of them by contributing your idle CPU time.
What's new:
- Command line and JSON-RPC control
- Includes a daemon version without GUI
- Transaction filter tabs
- 20% faster hashing
- Hashmeter performance display
- Mac OS X version (thanks to Laszlo)
- German, Dutch and Italian translations (thanks to DataWraith, Xunie
and Joozero)
Get it at
http://www.bitcoin.org, and read the forum to find out more.
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Entropy Demystified: Potential Order, Life and Money (2000 - read this ******* book please)
//
Creating Money (p.181)
The drive to produce whatever has more liquidity is understandable. If a certain commodity plays the role of money then the desire to produce that commodity directly does not surprise us. We also can expect governments openly or secretly to print money when they are short of it. But society also came out with a way to create money without producing anything physically.
As a useful economic practice it was probably discovered in the middle ages somewhere in Europe by some dishonest jeweler who abused the trust of those people who were giving him gold for safekeeping. Instead of safekeeping it, he started to loan that gold to other customers for a fee. Imagine the surprise and anger of some nobleman who gave that jeweler his coins in order not to lose them in gambling, if he would find out that the jeweler himself is gambling with those coins! Still it is exactly what was happening and the calculation of such a jeweler for most of the cases was correct: there is quite a low probability that one day all the depositors will come and demand all their money. Still, the word “dishonest” Iused to characterize such practice was appropriate as there was no FDIC insurance at that time and there was no real guarantee of safety for such a use of someone else’s money. We know about many bank failures throughout history so the people’s trust was actually abused.
It took extensive economic thinking to understand that what such jewelers were doing at the dawn of European capitalism was actually creating money without the royal privilege to mint. The same creative technique is in use now with symbolic paper money which we deposit in the bank. Theoretically, the exact form of money doesn’t matter, such creation of money could be done even if cattle played the role of money although this technique will not actually increase the physical quantity of cattle. In our time in addition to the traditional use of money deposited in the bank, there are also a variety of newly invented financial instruments which are used to create money. Even a simple contract with the promise to pay in the future does, to some extent, create money as the party in the contract behaves as if it has that money before it actually receives it.
https://web.archive.org/web/20221004134003/http://www.worksofvalerychalidze.com/uploads/1/0/2/8/102863812/entropy.pdf