of Bitcoin Martti Malmi, a then-college sophomore who was founder Satoshi Nakamoto’s first working partner, disclosed his email correspondence with Satoshi.
In his emails, Satoshi states that there is no need to promote Bitcoin as an investment or emphasize its “anonymity.” He also argues that Bitcoin’s Proof of Work (POW) system consumes less energy than the traditional banking system. In addition, it claims that POW is the only solution that can run a peer-to-peer electronic cash system without a trusted third party.
However, when the email information in question is examined, Satoshi asks Malmi, who is eager to help him, to create a “frequently asked questions” section for BTC and publish it on the website he created. Among the questions that Satoshi Nakamoto wanted to be added to the frequently asked questions section are answers to technical problems encountered when setting up the BTC node.
The first transaction that gave Bitcoin monetary value took place in October 2009, when Martti Malmi, known online as Sirius, sold 5,050 BTC for $5.02, valuing each Bitcoin at $0.0009.
The last email Satoshi sent to Malmi was to set some administrator passwords. After that, Satoshi disappeared.
Satoshi used the following statements in his e-mails:
“The current Visa credit card network processes approximately 15 million credit card transactions
Shopping is done online every day around the world. Bitcoin can reach much larger scales at a fraction of the cost of existing hardware. BTC never truly reaches a scale ceiling.
According to Moore’s Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10 years. “Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.”
*This is not investment advice.
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