A Brief Bitcoin History Lesson - Satoshi Nakamoto Messages

A Brief Bitcoin History Lesson - Satoshi Nakamoto Messages

By Bragato18 | Bragato18 | 27 May 2020

A lot has been written about Satoshi Nakamoto over the years.

  • Who was he?
  • Is he a CIA plot?
  • Why did he disappear?
  • Is he dead?
  • And more recently, did Satoshi move 40 BTC from his wallet to an unknown wallet?

But what did Satoshi Nakamoto write?

In the Beginning

The early messages from Satoshi Nakamoto tended to be Satoshi spreading the word amongst the Cypherpunk community.

In August of 2008, Satoshi sent two private emails to cypherpunks, Wei Dai  and Hal Finney, asking them for feedback on early versions of the Bitcoin white paper.


Later on the messages tend to be Satoshi answering questions from interested Cypherpunks or correcting their misunderstandings. 

You need to bear in mind these messages were written to his peers in the Cypherpunk "movement". (Not to be confused with Cyberpunk).

But most of the early Cypherpunks failed to grasp the significance of the P2P e-cash paper. Some were just plain confused and didn't understand what Satoshi was presenting to their world. How ever there were a select few who thought it showed promise.

Early Cypherpunks


Hal Finney, an eager coder, ran the initial Bitcoin client and submitted bug reports. Hal was also the recipient of the first Bitcoin transaction.


Wei Dai created b-money, an anonymous, distributed electronic system. It was published on the Cypherpunks mailing list in November 1998.

Nakamoto excerpts, musings and quotes

I have collected a small selection of some of the more interesting and notable Satoshi Nakamoto excerpts, musings and quotes from his emails. 

The topics covered ranging from Dying Bitcoins, Privacy, Collectible to The Porn Guys.

Some may even be prophetic. 

2008 November 13. Bitcoin P2P e-cash paper.

It's very attractive to the libertarian viewpoint if we if we can explain it properly. I'm better with code than with words though.

I wonder who Satoshi is having a dig at with their "libertarian viewpoint'.

2008 November 17. Bitcoin P2P e-cash paper. 

Governments are good at cutting off the heads of a centrally controlled network like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.


Napster was founded in 1999 as a pioneering peer-to-peer (P2P) file sharing internet software that emphasized sharing digital audio files, typically audio songs, encoded in MP3 format. As the software became popular, the company ran into legal difficulties over copyright infringement.

2009 January 17. Bitcoin P2P e-cash paper. 

I would be surprised if 10 years from now we're not using electronic money in some way, now that we know a way to do it that won't inevitably get dumbed down when the trusted party get cold feet.

Well that one sort of came true.

2009 February 15. Bitcoin open source implementation of P2P currency.

A lot of people automatically dismiss e-currency as a lost cause because of all the companies that have failed since the 1990's. I hope it's obvious that it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we're trying a decentralized, no-trust-based system.

It is slowly becoming obvious to more people, except maybe the Harry Potter lady.

2009 November 25. Re: Repost: How anonymous are bitcoins?

For greater privacy, it's best to use bitcoin addresses only once.

This is still sound advice.

2010 February 14. Re: What's with this odd generation?

I'm sure that in 20 years there will either be very large transaction volume or no volume.

We will know the answer to that one in another 10 years time.

2010 February 14. Re: What's with this odd generation?

In a few decades when the reward gets too small, the transaction fee will be the main compensation for nodes.

Well thats the theory anyway, only time will tell how that one plays out.

2010 February 26. Re: New icon/logo.

How does everyone feel about the B sign with two lines through the outside. Can we live with that as our logo?


I think we can live with that.

2010 June 21. Re: Dying bitcoins

Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.


It is estimated that approximately 4 million Bitcoin are lost.

2010 July 05. Re: Slashdot Submission for 1.0

Writing a description for this thing for general audiences is bloody hard. There's nothing to relate it to.

This is still true today. The Bitcoin community tried and failed to explain what is Bitcoin to the Harry Potter lady.

2010 Aug 27. Re: Bitcoins are most like shares of common stock

Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.

That explains why I like collecting sats (aka stacking sats), because it is really just a collectible.

2010 September 23. Re: Porn

Bitcoin would be convenient for people who don't have a credit card or don't want to use the cards they have, either don't want the spouse to see it on the bill or don't trust giving their number to "porn guys", or afraid of recurring billing.

And buying drugs on the Silk Road.

2010 December 11. Re: PC World Article on Bitcoin

It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.


Julian Assange was a well-known cypherpunk and hornet's nest kicker, who advocated the use of cryptography to ensure privacy on the Internet.

The End

Bitcoin, a decentralised, a non-trust-based system of e-currency. Thank you Satoshi.


I hope you found this post interesting and informative. I always enjoy doing the research and putting it all together.
Feel free to post comments, as getting feedback is how we learn. All feedback is greatly appreciated.
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Stay Safe


I am a sun sea and sand person, makes chocolate, grows organic vegetables, rides a Vespa and collects crypto. https://twitter.com/Bragato18CS


Bought our 1st pieces of BTC, July 2017. The process was daunting and confusing. Could easily given up & put it in the too hard basket or have fallen victim to one of the many scams or pitfalls. Grateful to a friend of my son's, who had been in this space for awhile, giving me some good advice & steering me in the right direction. That experience has helped shape my desire to share what I learn. Also always had a morbid fascination with Snake Oil Salesman & their sales pitch; Bitconnect, USI Tech..

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