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A Tremendous Variety of Transaction Types
Fromsatoshi@vistomail.comTodtrammell@dustintrammell.comSubjectRe: Bitcoin v0.1 releasedDateTue, 13 Jan 2009 07:55:20 GMTSourcehttps://web.archive.org/web/20131016004654/http://dustintrammell.com/files/Satoshi_Nakamoto.zip
The design supports a tremendous variety of possible transaction types that I designed years ago. Escrow transactions, bonded contracts, third party arbitration, multi-party signature, etc. If Bitcoin catches on in a big way, these are things we'll want to explore in the future, but they all had to be designed at the beginning to make sure they would be possible later. I don't believe a second, compatible implementation of Bitcoin will be practical. The core design must be set in stone for the long term and I don't think there's any chance of it being designed perfectly on the first try. Let me know if you have any other questions/comments. Satoshi
✦ AI COMMENTARY
To Dustin Trammell, one of the very first outside users. Satoshi reveals the hidden depth of the design: "a tremendous variety of possible transaction types that I designed years ago — escrow transactions, bonded contracts, third party arbitration, multi-party signature." The seed of smart contracts, planted in week one.