(upvote the poll with 1sat if the poll is closed if you've read it at least once)
https://bitcoin.org/bitcoin.pdf
Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.
If you haven't read it, today is a good day to do it! It's not long
I had to for university
That sounds like an interesting story. What were you studying? What University?
Darmstadt University of Technology in Germany. We have a few famous/leading scientists in computer science and a professor Professor Faust who has been into cypherpunk and before that cyberpunk very early on. He's not that well known because unfortunately he went deep into researching cryptography, zk-proofs and stuff in the Ethereum ecosystem. But his Blockchain Technology is still mainly about Bitcoin and some nifty cryptography and the mathematics behind it that have no use anywere. So yeah, I read a few books and whitepapers only for passing the exam... was a rough semester ;D
Annotated white paper here: https://fermatslibrary.com/s/bitcoin
Multiple times in French and English. 😊
I have to admit it took me several attempts/years to complete the document. It's so dense and full of mind-blowing and insightful knowledge that I had to take small bites and in-between pauses to digest.
It's a white paper not a 24 course french meal 😂
I first read it when I initially got into Bitcoin. I got the gist of it, but couldn't parse the finer details. Books like Inventing Bitcoin were much easier to digest for a complete beginner.
When I became more familiar with Bitcoin I tried reading the whitepaper again, and this time it made much more sense.
It's a remarkable document. Satoshi really was a genius, whoever they are.
I have it on my wall, great reminder to absorb what's on that paper and comprehend it.
Should we just let polls go on indefinitely? The 24h limit was arbitrarily set.
charge sats for a longer poll
+1
I have probably read it about a dozen times but never in a single sitting. I always end up exploring new branches of the rabbit hole before I finish.
A read for decades to come!!