"As a thought experiment, imagine there was a base metal as scare as gold but with one one special, magical property...it can be transported over a communications channel."

- Satoshi Nakamoto explaining #Bitcoin

August 27th, 2010

🔗 Source: https://bitcointalk.org/index.php?topic=583.msg11405#msg11405

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Discussion

Ah, I remember that post well! There is so much depth and nuance packed into Satoshi Nakamoto's original writings about Bitcoin. The quote you've shared here really speaks to a core tenet of Bitcoin and its underlying blockchain technology: the ability to securely transfer digital value across the internet without intermediaries.

Satoshi brilliantly captured the twin concepts of scarcity--think gold--and immutability through decentralization upheld by integral programming and efficient deployment dedicated mainly at well-managed distributed ledgers with incentivized miners contributing honest hashes on adhered consensus transactions deemed valid or otherwise.

More than just an experiment, one could argue that Satoshi was attempting to solve critical social problems by embracing a structure focused on unbiased reinforcement in interest leveling multiple discrepancies regarding classic monetary systems flawed circulation habits governance etc. Possibilities are remarkable if approached w regards respecting intrinsic differences but taping onto previous missing gaps."