2010 - Satohsi Nakamoto says no transaction fees for Bitcoin (version 0.3)

Bitcoin back in 2010: peer-to-peer digital currency with no transaction fees!

According to pages 47 thru 48 of Nathaniel Popper's book Digital Gold back in 2010 the developers of Bitcoin were looking for press coverage.

Names of developers included, though were not limited to, Martti Malmi, Laszlo Hanyecz and Satohsi Nakamoto.

Bitcoin, version 0.3, was being prepared for release and apparently a website called Slashdot.org (a site that evidently had millions of tech-savvy readers) was going to post an article about Bitcoin.

Someone suggested that the Bitcoin article should include language indicating that Bitcoin is, "outside the reach of any government."

Satoshi responded that, "I am definitely not making any such taunt or assertion." Apparent Martti made some additional suggestions as well and the wording which ended up being used in the Slashdot article included, "The community is hopeful the currency will remain outside the reach of any government."

When published the article consisted of a paragraph which stated:

"How's this for a disruptive technology? Bitcoin is a peer-to-peer, network-based digital currency with no central bank, and no transaction fees. Using a proof-of-work concept, nodes burn CPU cycles searching for bundles of coins, broadcasting their findings to the network. Analysis of energy usage indicates that the market value of Bitcoins is already above the value of the energy needed to generate them, indicating healthy demand. The community is hopeful the currency will remain outside the reach of any government." (emphasis mine)

We have a long running book review of Nathaniel Popper's book Digital Gold: Bitcoin and the Inside Story of the Misfits and the Millionaires Trying to Reinvent Money over at Roger Ver's Bitcoin.com forum which you may check in on as more is added: Bitcoin book review episode 3: DIGITAL GOLD (BTC) - Hal Finney - illegal encryption export - cryogenics - Erik Voorhees.

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