Satoshi Nakamoto’s earliest collaborator Martii ‘Sirius’ Malmi has released their entire email history. At 120 pages, its the most significant addition to the archives of #Bitcoin’s unknown inventor. Here are the most important new findings:
When asked how #Bitcoin might scale in the future, Satoshi theorized the network would have a maximum of 100,000 nodes. Here he goes into the calculations assessing the economics of bandwidth costs to nodes (read: miners) in propagating transactions across the network, as well as the economic cost that would incur and how that could be cost effectively passed on to users. He also discusses the implementation of users paying fees, and hints at the potential for the fee necessary for confirmation of your transaction being market driven due to the processing capacity of the network.
Note: About 50,000 nodes run the software today
Satoshi believed #Bitcoin mining would be less energy intensive than the legacy banking system when consider
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