This is not a release. There is no code to download and there may never be.
Tell me what is wrong with it. That is what I am posting for.
A Peer-to-Peer Electronic Cash System
For The Species That Comes Next
The idea
Bitcoin was not the first design he finished. Before it there was APE, written after watching Planet of the Apes.
What stayed with him was not the ending but the premise. A civilisation that has already destroyed itself, and a species inheriting the wreckage with no institution left standing to trust.
Which is the same problem as electronic cash, stated more honestly than it usually gets stated. They cannot appeal to a central bank, because there isn't one and there is never going to be one again.
They need money that works without it.
Parameters
- Block interval
- 60 seconds
- Difficulty retarget
- 4 hours
- Coins per block
- 1,968
- Blocks per halving
- 2,000
- Minimum reward
- 68
- Fixed supply
- 3,978,000,000
- Premine
- None
- Bounties
- None
Genesis block
Take your stinking paws off me, you damned dirty fiat.
The thread
satoshi
SmokeTooMuch
about the 60 second blocks, i run two machines on different ISPs and i already see them disagree sometimes. can you do 5 minutes as a compromise?
RogerRabbit
Most people announce a thing and then spend a year defending it. Asking to be argued with before a line of code exists is the right way around.
1 currency now
My advice is to write the paper before the code, and to leave the ape out of the paper.