Newly released emails provided insight into the early days and capabilities of Bitcoin (BTC) as perceived by Satoshi Nakamoto.
In these emails, Nakamoto and his early collaborator Martti Malmi discussed the potential of cryptocurrency in relation to the traditional financial system.
The 120-page email exchange, published on February 23, includes Nakamoto's bold claim that "there is only one global chain." He compared Bitcoin's transaction volume potential to the existing Visa credit card network, which handles approximately 15 million Internet purchases per day.
Nakamoto claimed that Bitcoin could scale much larger than Visa with existing hardware and at a fraction of the cost. Expressing his confidence in Bitcoin's scalability, he stated that Bitcoin will not reach its scale ceiling. His logic was based on Moore's Law and predicted that hardware speed would increase tenfold in five years and a hundredfold in 10 years. Nakamoto believed that even with rapid adoption, computer speeds would outpace the number of Bitcoin transactions.
