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이메일 #021 - #025

원본 출처: Satoshi - Sirius emails 2009-2011

이메일 #021

Date: Sun, 14 Jun 2009 21:30:58 +0100
From: Satoshi Nakamoto <[email protected]>
Subject: Re: Bitcoin
To: [email protected]

영어 원문

[email protected] wrote:
> I made the changes. You could also register to the site or use the admin
> account to make necessary changes yourself, since the pages are located
> in the wiki.

Thanks, I've been really busy lately.

I registered username "satoshi". Since there's no SSL login, I want to
mainly use that account with sub-admin powers and use the admin account
as little as possible. I created a "Moderators" group to give my
satoshi account as much editing control as possible without the ability
to overthrow everything.

There's something weird with the download bar on the right covering
things up, like on the new account registration it covers up the entry
fields unless you make the browser really wide, and the homepage it
covers up the screenshots. (with Firefox)

이메일 #022

Date: Mon, 22 Jun 2009 19:27:11 +0300
From: [email protected]
To: Satoshi Nakamoto <[email protected]>
Subject: Re: Bitcoin

영어 원문

> There's something weird with the download bar on the right covering
> things up, like on the new account registration it covers up the entry
> fields unless you make the browser really wide, and the homepage it
> covers up the screenshots. (with Firefox)

Problem fixed. I switched to a fixed width layout, which is also
easier to read as the lines are shorter.

이메일 #023

Date: Tue, 21 Jul 2009 03:43:34 +0300
From: [email protected]
To: Satoshi Nakamoto <[email protected]>
Subject: Re: Bitcoin

영어 원문

Hi,

I made a post on the Bitcoin developer's forum at SF about a month ago
and sent you, David and Hal a notification about it to your
users.sourceforge.net emails. A few days ago I wondered why no one had
replied, and tried if the SF mail aliases even work - and they didn't,
at least in the case of my account. So could you please forward this
message to the others?

Best regards,
sirius-m

이메일 #024

Date: Tue, 21 Jul 2009 04:14:43 +0100
From: Satoshi Nakamoto <[email protected]>
Subject: Re: Bitcoin
To: [email protected]

영어 원문

I know this sounds really retarded, but I still haven't been able to get 
the sourceforge login page to load, so I haven't been able to read it
either. https://sourceforge.net/account/login.php

Hal isn't currently actively involved. He helped me a lot defending the
design on the Cryptography list, and with initial testing when it was
first released. He carried this torch years ago with his Reusable Proof
Of Work (RPOW).

I'm not going to be much help right now either, pretty busy with work,
and need a break from it after 18 months development.

It would help if there was something for people to use it for. We need
an application to bootstrap it. Any ideas?

There are donors I can tap if we come up with something that needs
funding, but they want to be anonymous, which makes it hard to actually
do anything with it.

[email protected] wrote:
> Hi,
>
> I made a post on the Bitcoin developer's forum at SF about a month ago
> and sent you, David and Hal a notification about it to your
> users.sourceforge.net emails. A few days ago I wondered why no one had
> replied, and tried if the SF mail aliases even work - and they didn't,
> at least in the case of my account. So could you please forward this
> message to the others?
>
> Best regards,
> sirius-m
>

이메일 #025

Date: Wed, 22 Jul 2009 13:10:02 +0300
From: [email protected]
To: Satoshi Nakamoto <[email protected]>
Subject: Re: Bitcoin

영어 원문

> I know this sounds really retarded, but I still haven't been able to
> get the sourceforge login page to load, so I haven't been able to read
> it either. https://sourceforge.net/account/login.php

That's strange, I haven't had any problems with that. Clearly the
banking establishment got scared and banned your account (and founded
www.bitcoin.com in attempt to fetch the trademark), eh. You could ask
if the SF staff at [email protected] can help you.

> I'm not going to be much help right now either, pretty busy with work,
> and need a break from it after 18 months development.

Oh, that sounds tough. Take your time.

> It would help if there was something for people to use it for. We need
> an application to bootstrap it. Any ideas?

I've been thinking about a currency exchange service that sells and
buys bitcoins for euros and other currencies. Direct exchangeability
to an existing currency would give bitcoin the best possible initial
liquidity and thus the best adoptability for new users. Everyone
accepts payment in coins that are easily exchangeable for common
money, but not everyone accepts payment in coins that are only
guaranteed to buy a specific kind of a product.

The instructional formula for stable pricing in euros would be something like:

(The amount of euros that you're ready to trade for bc + the
euro-value of goods that other people are selling for bc) /
(Total number of bc in circulation - own bc assets).

So if there's a total of 1M bitcoins of which you own 100K, you have
1000 eur and no one else trades with bitcoin yet, you can safely offer the
exchange rate of 1 eur / 900 bc, without having to devaluate
even if everyone sold their coins to you. This could be guaranteed as
the minimal exchange rate, but the rate could be also higher when
demand is high.

Initially, when others aren't yet offering anything for bitcoins, you
can increase your bitcoin assets cheaply - for the minimum price that
people bother to do the transaction for. If you had all the existing
coins for yourself, you could set the price to whatever you want,
because you wouldn't face the risk of having to buy even a single coin
with that price (not counting the new money created by others). So
it's best to get as much coins as possible before backing bitcoin with
all your available euros.

Profit can be gained, as usually in trading, by having a margin
between the buying and selling prices. Making Bitcoin as usable as
possible will make the business run better, as people do not only want
to sell all their coins to you, but also want to buy them and use them
as a medium of exchange.

At its simplest this exchange service could be a website where
traders, who can be individual persons, can post their rates, and
random users can leave trade requests. Some kind of an average rate
estimate could be shown on the site. Small-scale trading by
individuals would be outside legal hassle in most countries, and
putting all the eggs in the same basket would be avoided.

Another idea, which could be additional to the previous one, would be
an automated exchange service. The service would automatically
calculate the exchange rate and perform the transactions. This would
be nicer to the user: completion of the transaction request would be
certain and instantaneous. Making this service might actually be quite
easy if there was a command line interface to Bitcoin: just take any
web application framework and use PayPal back-end integration to
automatically send euros when Bitcoins are received, and vice versa.
This kind of business would also work great on larger scale if you set
up a company and take care of all the bureaucracy needed to practice
currency exchange. (I actually have a registered company that I've
used for billing of some IT work, I could use that as a base.)

This exchange business thing is something that I'd be interested in
doing, and I also have the sufficient technical skills to do it.
Although, before this can be done, there should be a non-alpha version
of Bitcoin (and the command line interface / API).

> There are donors I can tap if we come up with something that needs
> funding, but they want to be anonymous, which makes it hard to actually
> do anything with it.

If this gets started, donors / high-risk investors would be very
welcome to bring capital for the currency's backup.

So, what do you think about the idea? Note that this is not something
that I'm asking you to do (unless you want to) if you're busy with
other things. I can do it myself, if I get positive reviews about the
plan.
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