# The Bitcoin & Blockchain Redpaper
Author: Satoshi Nakamoto
Last Updated: 17 Oct 2024
<span style="color: red;">(this document is a work in progress)</span>
**What is a redpaper?**
A redpaper is opposite of a whitepaper, which written to expose all the inadequacies and failings of a technology instead of touting its innovation and promise.
## Introduction
**BitCoin as a global financial network never should've been released for public use. It was a hard fail, with documented catastrophic flaws, that was never suitable for reliable, scalable use as real money.**
This document elucidates my original design intent, the hard fails, and the architectural limits of BitCoin and block chain.
My intent writing this document is to inform those who seek to understand the origins of BitCoin, and to clear my soul of the knowledge burden of which I have remained silent for well more than a decade.
Anyone who has seem my v0.1.0 source code will know the correct naming convention for the tech I created is 'BitCoin' as a compounded mixed-case word and 'block chain' as two non-capitalized words. Given the global traction of the technologies and the the fact that other individuals have been the stewards of said for the past fifteen years, transformation to "Bitcoin" and "Blockchain" as proper names is understandable. Since I am the Creator, I choose to use my original naming conventions within this document.
## Original Intent
#### Network Synchronization
#### Block Chain
#### Electronic Cash
For details about initial research done on electronic cash, refer to the 1996 NSA document on creating a mint of anonymous electronic cash[^01]
## Hard Fails
#### Merkle Tree Duplicate Tx IDs
#### Mining Process
#### Power Consumption
#### Network Synchronization
## Architectural Limits
#### Block Size
#### Public Ledger Size
## Soft Fails
#### Transaction Settlement Times
#### Unreasonable Fees for Small Transactions
#### Inability to Use as Cash
#### No Fraud Protection or Rollback
## Open Source
## Words of Caution
## Conclusion
##### External Links
> [MathJax basic tutorial and quick reference - Mathematics Meta Stack Exchange](https://math.meta.stackexchange.com/questions/5020/mathjax-basic-tutorial-and-quick-reference)
> [How To Make A Mint: The Cryptography of Anonymous Electronic Cash](https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm)
> [YouTube: The Insane World of Bitcoin](https://youtu.be/brABoguf7uc?si=2hVdCH2iU-nH-nx_)
###### Relevant Search Tags
> #bitcoin #btc #blockchain #redpaper #satoshi