Bank is outperformed by new energy-efficient technology

Email correspondence between Satoshi Nakamoto, the mysterious creator of Bitcoin, and his collaborator Martti Malmi reveals that Nakamoto believed the digital currency would consume less energy than traditional banking systems. The authenticity of the emails has yet to be confirmed, but they shed light on the thought processes and technical challenges faced during Bitcoin’s early stages. One notable topic discussed is Nakamoto’s concerns about the environmental impact of Bitcoin and the tension between economic freedom and ecological preservation. However, in contrast to current criticism, Nakamoto suggested that Bitcoin would be more energy-efficient than traditional banks. The emails also touch on other topics such as Bitcoin’s scalability, privacy, and potential applications. Malmi, who played a crucial role in Bitcoin’s deployment, released the emails amidst the ongoing legal battle involving Craig Wright, who claims to be Nakamoto. These emails could provide valuable insights into Bitcoin and its creator, adding depth to our understanding of the project.