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Dan Hedl @danheld
, 8 tweets, 8 min read Read on Twitter
@varun_mathur @marttimalmi @real_vijay @nathanielpopper Hey guys! It seems some find it hard to differentiate between marketing material and functionality. Let me help!
@varun_mathur @marttimalmi @real_vijay @nathanielpopper "In this sense, it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases” - Satoshi
@varun_mathur @marttimalmi @real_vijay @nathanielpopper “Bitcoin [is] more like a collectible or commodity.” - Satoshi
@varun_mathur @marttimalmi @real_vijay @nathanielpopper “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi (this was his first p2p foundation post)
@varun_mathur @marttimalmi @real_vijay @nathanielpopper “The functional details are not covered in the paper, but the sourcecode is coming soon.” — Satoshi Nakamoto

“Bitcoin is an implementation of Wei Dai’s b-money proposal… and Nick Szabo’s Bitgold proposal” — Satoshi Nakamoto
@varun_mathur @marttimalmi @real_vijay @nathanielpopper What he was trying to accomplish was clear, they were building a new backbone for the financial system. Bitcoin isn't merely digital cash, but an alternative to banks.

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
@varun_mathur @marttimalmi @real_vijay @nathanielpopper In case you needed more data from Satoshi. As a subtle jab to central banks, he chose his birthday as the date the US made gold ownership illegal through EO 6102 April 5th. He chose 1975 as his year of birth which is the year when the US citizens were allowed to own gold again
@varun_mathur @marttimalmi @real_vijay @nathanielpopper Etc. etc etc. This is all part of a tweet storm coming soon.
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