"There are scalability solutions of various kinds. What they all have in common is that the faster and higher capacity they get, the more they look like a completely centralized payment processing service. I’ll go over a few options.

First there is what they’re calling the lightning network. I think I’m going to call it the “ripple” protocol after the first altcoin implementation that made it work. Technically it’s sound. But I don’t think it’s going to capture use cases as well as the developers hope it will. What it will do is create a drive toward conventional-style banking".

2018/02/06
Word From The BLOCK , Episode -2
An interview with Ray Dillinger (here we discuss smart contracts, lightning network, token economy, cybersecurity)

https://medium.com/hackernoon/word-from-the-block-episode-2-d7347a101fbb

2018/02/06
Word From The BLOCK , Episode -2
An interview with Ray Dillinger (here we discuss smart contracts, lightning network, token economy, cybersecurity)


https://medium.com/hackernoon/word-from-the-block-episode-2-d7347a101fbb

"Satoshi on scalability

2010–07–14 21:10:52 UTC — Original Post

“The design outlines a lightweight client that does not need the full block chain. In the design PDF it’s called Simplified Payment Verification. The lightweight client can send and receive transactions, it just can’t generate blocks. It does not need to trust a node to verify payments, it can still verify them itself.

The lightweight client is not implemented yet, but the plan is to implement it when it’s needed. For now, everyone just runs a full network node.

I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it’s not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions.
At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.”".

2018/02/06
Word From The BLOCK , Episode -2
An interview with Ray Dillinger (here we discuss smart contracts, lightning network, token economy, cybersecurity)

https://medium.com/hackernoon/word-from-the-block-episode-2-d7347a101fbb

"It's not pseudonymous in the sense of nyms identifying people, but it is at least a little pseudonymous in that the next action on a coin can be identified as being from the owner of that coin".

Satoshi Nakamoto
Sat Nov 15 2008

https://www.metzdowd.com/pipermail/cryptography/2008-November/014860.html

"Y la naturaleza de Trustless de Bitcoin fue lo principal que me convenció de que Satoshi no estaba estafando. Construyó una carretera sin puente de peaje. La gente podría usar Bitcoin sin crear ninguna obligación de pagarle nada. No estaba vendiendo monedas, las estaba regalando por resolver hashes. Él no reservó nada para sí mismo"

Si hubiera sabido lo que estábamos empezando.
Publicado el 20 de septiembre de 2017
Ray Dillinger

https://www.bitpaste.app/tx/028b2d8183d8bcf4662974dbe1c7eadf5c4700b339c3429e8aaae77256382cbe

Now you can have a FULL list with all the Telegram channels that I have been creating, organized alphabetically

Please subscribe to the news letters and you will receive an email with each new blog post

Thank you for making blockchain and BitCoin technology better known every day.
https://ramonquesada.com/english/telegrams-channels-names-in-alphabetical-order/

The 21 Million Bitcoin Question.
By Rich Apodaca |
Updated April 16th, 2018

"To incentivize early adoption, Satoshi envisioned a payout schedule modeled after a mining operation. Over time, yield decreases until no further value can be extracted. The main problem with this approach is deciding how exactly to cut the block subsidy. There are two main options:

- cut at every block;

- cut at every epoch, where an epoch represents a fixed number of blocks."

https://bitzuma.com/posts/the-21-million-bitcoin-question/

Re: Why 1BTC should equal 10^8 satoshi ?
October 12, 2014, 03:28:14 AM
Merited by LoyceV (2)

I remember this discussion, actually. 

Finney, Satoshi, and I discussed how divisible a Bitcoin ought to be.  Satoshi had already more or less decided on a 50-coin per block payout with halving every so often to add up to a 21M coin supply.  Finney made the point that people should never need any currency division smaller than a US penny, and then somebody (I forget who) consulted some oracle somewhere like maybe Wikipedia and figured out what the entire world's M1 money supply at that time was. 

We debated for a while about which measure of money Bitcoin most closely approximated; but M2, M3, and so on are all for debt-based currencies, so I agreed with Finney that M1 was probably the best measure. 

21Million, times 10^8 subdivisions, meant that even if the whole word's money supply were replaced by the 21 million bitcoins the smallest unit (we weren't calling them Satoshis yet)  would still be worth a bit less than a penny, so no matter what happened -- even if the entire economy of planet earth were measured in Bitcoin -- it would never inconvenience people by being too large a unit for convenience.

And, yeah, I'm Ray Dillinger
@RayDillinger

https://bitcointalk.org/index.php?topic=819656.msg9170781#msg9170781

: Bitcoin P2P e-cash paper

daemon@ATHENA.MIT.EDU (Ray Dillinger)
Mon Nov 17 12:03:48 2008

From: Ray Dillinger <bear@sonic.net> To: satoshi@vistomail.com Cc: jamesd@echeque.com, cryptography@metzdowd.com In-Reply-To: <CHILKAT-MID-4e1eec0c-baa7-6633-78e9-91fd9b7353c4@server123>

Date: Fri, 14 Nov 2008

"Okay.... I'm going to summarize this protocol as I understand it. I'm filling in some operational details that aren't in the paper by supplementing what you wrote..."

http://diswww.mit.edu/bloom-picayune/crypto/137796

pseudonymous decentralized marketplace
Ray Dillinger bear at sonic.net
Wed Jul 11 16:37:09 EDT 2001
https://www.metzdowd.com/pipermail/cryptography/2001-July/000391.html

Who cares about side-channel attacks?
Ray Dillinger bear at sonic.net
Fri Oct 31 17:33:09 EDT 2008
https://www.metzdowd.com/pipermail/cryptography/2008-October/014811.html

There are three categories of identity that are useful to
think about.

Category one: public. Real-world identities
are a matter of record and attached to every transaction.

Category two: Pseudonymous. There are persistent "identities" within the system and people can see if something was done by the same nym that did something else, but there's not necessarily any way of linking the nyms with real-world identities.

Category three: unlinkably anonymous. There is no concept of identity,persistent or otherwise. No one can say or prove whether the agents involved in any transaction are the same agents as involved in any other transaction.

Are you claiming category 3 as you seem to be, or category 2?
Lots of people don't distinguish between anonymous and pseudonymous protocols, so it's worth asking exactly what you mean here.


Bitcoin P2P e-cash paper
daemon@ATHENA.MIT.EDU (Ray Dillinger)
Mon Nov 17 12:05:08 2008
From: Ray Dillinger <bear@sonic.net>
To: satoshi@vistomail.com
http://diswww.mit.edu/bloom-picayune/crypto/137798

Bitcoin P2P e-cash paper
daemon@ATHENA.MIT.EDU (Satoshi Nakamoto)
Mon Nov 17 12:05:47 2008
Date: Sun, 16 Nov 2008 02:02:00 +0800
From: "Satoshi Nakamoto" <satoshi@vistomail.com>
Reply-To: satoshi@vistomail.com
To: bear@sonic.net

Right, it's ECC digital signatures. A new key pair is used for every transaction.

Satoshi Nakamoto

The Cryptography Mailing List

http://diswww.mit.edu/bloom-picayune/crypto/137799

Cryddit
Re: Why 1BTC should equal 10^8 satoshi ?
October 12, 2014

Uhh, I don't remember ever agreeing to keep it secret, but we didn't talk about it on the list either. At that time Hal was elbows-deep in the transaction scripting code, and I was checking Satoshi's work on the crypto on the blockchain architecture.

Finney had a lot to worry about with the transaction scripting and wound up blocking out about a dozen more opcodes than Satoshi had wanted to, but I found essentially nothing wrong with the block structure. I am still freakin' amazed how tight he got that blockchain design.

And, yeah, I'm Ray Dillinger

https://bitcointalk.org/index.php?topic=819656.msg9171089#msg9171089

Q4:
"Honestly I’m very surprised Tethercoin isn’t dead yet. What they propose, economically speaking, simply will not work. They got themselves somehow declared to be the only way to get money OUT of a major wallet, which props up their transaction volume, but if the people haven’t already walked away with most of the money they’re supposedly holding but won’t say where, then I’m very surprised".

Interview with Ray Dillinger
Posted on October 1, 2018
https://ramonquesada.com/english/interview-with-ray-dillinger/