BITC0IN

bitcoin

Enable sanctions enforcement in Spam Filter Code #29416 - derekm

Scoresby

Emails Reveal Jeffrey Epstein Money Financed Bitcoin Core Development

billytheked

did you read Jeremy Rubins (a cofounder of DCI and the original author behind CTV) email to Epstein by any chance?  ...it's rather interesting...

![](https://m.stacker.news/117641)

Fork and get it over with

conduition

wish denied. this is gonna drag on for a while. 

Stacker Saloon

saloon

Where
THE FUCK
Is My Meme Monday
Thread ????

AskSN

What is your biggest frustration with Bitcoin?

wackster

Memes

Meme Monday - Best Bitcoin Meme Gets 5,000 CCs

SATOSHI - 1.3 - Zombie Farms, Bandwidth Concerns From James Donald & John Levine

Forbes Cover: NAKA, David Bailey, & Copying Buffett (Forbes, Nina Bambysheva)

denlillaapan

he and adam back were the largest shareholders. got any other deets?

how much did david's NAKA shareholders pay for this article ?

SATOSHI - 1.1 - Satoshi Nakamoto's First Email to The Cryptography Mailing List

Looks like Mt. Gox repayments are delayed for another year

## Examining Satoshi's References and beyond for breadcrumbs 

Recently I've been diving down the Bitcoin rabbit hole, reading the Whitepaper references. My goal is to get a sense of what Satoshi was thinking about at the time, and how they arrived at their invention of Bitcoin from these eight cited sources.

![](https://m.stacker.news/113858)

https://bitcoin.org/bitcoin.pdf

There were likely other sources of inspiration that contributed to Satoshi's invention of Bitcoin, such as the references within the 8 Whitepaper footnotes, or other academic publications before 2009.

If you want to get a head start on this series, I've done a few twitter threads analyzing most of the 8 footnotes. The plan is to more formally review these threads, and include two more reviews looking at b-money by Wei Dai[1], and an interesting theory about these references that was recently put forward by Stornetta[3][4][5]. Stornetta is one of the godfathers behind timestamp servers.

Through this review, it became evident the primary people of interest are Adam Back, Scott Stornetta & Stuart Haber, and Henri Massias. Stornetta and Haber are cited multiple times for their foundational works on timestamp servers. While Adam Back is cited for his proof work paper. Meanwhile, Massias is the outlier, being an unknown name in the field of timestamp servers, which suggests something subtle.

By reading through these papers, it became evident that Bitcoin is a distributed timestamp server driven by a proof of work mechanism that fairly distributes the "money" of that server in such a way that aligns incentives for the parties involved. A Nash equilibrium emerges through this fly wheel of value creation via a consistent issuance schedule lottery on a permission-less, global, open source, censorship resistant timestamp ledger. 

All these pieces were floating around in these papers and elsewhere before 2009. It appears Satoshi was simply the first to amalgamate these into a working digital bank. Thus, Satoshi's innovation was in creating a chimera hydra of a timestamp server powered by a p2p proof of work incentive mechanism.

Twitter Threads:

An analysis of a very obscure paper [2] H. Massias, X.S. Avila, and J.-J. Quisquater, "Design of a secure timestamping service with minimal trust requirements," In 20th Symposium on Information Theory in the Benelux, May 1999. 

https://x.com/BITCOINALLCAPS/status/1945513736464212241

A thread on [3] S. Haber, W.S. Stornetta, "How to time-stamp a digital document," In Journal of Cryptology, vol 3, no 2, pages 99-111, 1991. 

https://x.com/BITCOINALLCAPS/status/1942269673195585782

A thread reviewing [4] D. Bayer, S. Haber, W.S. Stornetta, "Improving the efficiency and reliability of digital time-stamping," In Sequences II: Methods in Communication, Security and Computer Science, pages 329-334, 1993 

https://x.com/BITCOINALLCAPS/status/1942637942821814602

A thread looking at [5] S. Haber, W.S. Stornetta, "Secure names for bit-strings," In Proceedings of the 4th ACM Conference on Computer and Communications Security, pages 28-35, April 1997. 

https://x.com/BITCOINALLCAPS/status/1944769580070494711

A thread reviewing reference [6] A. Back, "Hashcash - a denial of service counter-measure," http://www.hashcash.org/papers/hashcash.pdf, 2002. 

https://x.com/BITCOINALLCAPS/status/1950947877565424100

A thread on [7] R.C. Merkle, "Protocols for public key cryptosystems," In Proc. 1980 Symposium on Security and Privacy, IEEE Computer Society, pages 122-133, April 1980 

https://x.com/BITCOINALLCAPS/status/1946234193714851943

A thread on the Whitepaper’s 8th and final footnote, the second edition, first volume, 1957 print of W. Feller’s, "An introduction to probability theory and its applications," 

https://x.com/BITCOINALLCAPS/status/1978206240288264607

I'll be updating this article on medium, as the series progresses: https://medium.com/@Fiach_dubh/the-bitcoin-whitepaper-footnotes-part-1-2fb7200b6eb6

If you want to help support this work, consider visiting https://shopBITCOIN.shop

The Bitcoin Whitepaper Footnotes -  Part 1

Stacker_Stocks

Broken PIPEs: Is Now the Time to Buy ASST, NAKA?

BlokchainB

4 new CVE's were disclosed today that were patched in Core v30

bitcoin_beginners

Is it possible to use a custom word list to generate Bitcoin seed phrases?

0xbitcoiner

yes its possible. NO you shouldn't do it. humans are terrible and true randomness. 

The world's first Bitcoin Art Magazine - Genesis Edition

asanoha

bitcoin++ Toronto 2026, consensus edtion || July 22 - 24, 2026