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		<title>Admin: Created page with &quot;This page intends to list all available quotes from '''x''', an entity who is speculated to be Satoshi Nakamoto. ==Quotations== ===2002-12-09 22:06:03=== I have this idea...&quot;</title>
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		<updated>2019-02-27T06:03:27Z</updated>

		<summary type="html">&lt;p&gt;Created page with &amp;quot;This page intends to list all available quotes from &amp;#039;&amp;#039;&amp;#039;x&amp;#039;&amp;#039;&amp;#039;, an entity who is speculated to be &lt;a href=&quot;/Satoshi_Nakamoto&quot; title=&quot;Satoshi Nakamoto&quot;&gt;Satoshi Nakamoto&lt;/a&gt;. ==Quotations== ===2002-12-09 22:06:03=== I have this idea...&amp;quot;&lt;/p&gt;
&lt;p&gt;&lt;b&gt;New page&lt;/b&gt;&lt;/p&gt;&lt;div&gt;This page intends to list all available quotes from '''x''', an entity who is speculated to be [[Satoshi Nakamoto]].&lt;br /&gt;
==Quotations==&lt;br /&gt;
===2002-12-09 22:06:03===&lt;br /&gt;
I have this idea of a future with virtual peer to peer banking. A kind of&lt;br /&gt;
decentralized and secured system. Gone would be the times that governments&lt;br /&gt;
and banks can track and interfere with our money transfers. Or even&lt;br /&gt;
interfere with the total amount of money on earth. My envisioned sytem would&lt;br /&gt;
have a fixed total amount of money. But each money unit (say virtual coin)&lt;br /&gt;
is divisable indefinitely. So a kind of deflation would replace inflation.&lt;br /&gt;
The total value of the money in the world would be a fixed number. It poses&lt;br /&gt;
no problem for liquidity, because the currency can be divided anytime.&lt;br /&gt;
However maybe people will not spend their money much, because it's value&lt;br /&gt;
will increase often. Other problems raise in the areas of security,&lt;br /&gt;
malicious use, and how to come towards such system from current systems?&lt;br /&gt;
These are just ideas, I like to hear comments or about net resources on this&lt;br /&gt;
subject.&lt;br /&gt;
&lt;br /&gt;
===2002-12-10 10:47:56===&lt;br /&gt;
Maybe the community can bypass the old powers (countries and governments).&lt;br /&gt;
It wouldn't be a revolution, but rather evolution. Slowly a new p2p system&lt;br /&gt;
might take over. The current monetary systems were mainly backed with gold&lt;br /&gt;
(not anymore now, to my knowledge). Maybe the underlying values of a virtual&lt;br /&gt;
peer to peer system could be other scarce resources, relatively easy to&lt;br /&gt;
exchange via internet. Examples are: computer processing power, bandwith and&lt;br /&gt;
data storage. These resources would make a limited peer to peer money&lt;br /&gt;
exchange system possible. Limited to the total real life value of all these&lt;br /&gt;
resources. However from that point other resources could back up the virtual&lt;br /&gt;
currency...&lt;br /&gt;
&lt;br /&gt;
===2002-12-10 11:06:11===&lt;br /&gt;
It is a step in the right direction indeed. Now replace the system operator&lt;br /&gt;
by a secure peer to peer system. And replace the underlying currency with&lt;br /&gt;
something else, or slowly uncouple the underlying currency. Then it would be&lt;br /&gt;
the system of my ideas...&lt;br /&gt;
&lt;br /&gt;
==Source==&lt;br /&gt;
&lt;br /&gt;
[http://bitcoin.it/ http://bitcoin.it/]&lt;br /&gt;
[[Category:History]]&lt;br /&gt;
[[Category:Bitcoin]]&lt;/div&gt;</summary>
		<author><name>Admin</name></author>
		
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