The difficulty retargeting algorithm adapts to changes in mining power.
— Satoshi Nakamoto
Satoshi Quotes
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Daily Satoshi Nakamoto quotes.
Bitcoin’s security model relies on proof-of-work, which is costly and difficult to fake.
— Satoshi Nakamoto
Bitcoin solves the double-spending problem with a peer-to-peer network and proof-of-work.
— Satoshi Nakamoto
The root problem with conventional currency is all the trust that’s required to make it work.
— Satoshi Nakamoto
Simplified Payment Verification (SPV) allows payment verification without running a full network node.
— Satoshi Nakamoto
Users maintain control of their private keys at all times.
— Satoshi Nakamoto
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block.
— Satoshi Nakamoto
The system is designed to work without trust in any central party.
— Satoshi Nakamoto
New coins are generated at a decreasing rate, and eventually the total number of coins will reach a limit of 21 million.
— Satoshi Nakamoto
The design enables trustless transfer of value over the internet.
— Satoshi Nakamoto
Bitcoin is designed to be portable money on the internet.
— Satoshi Nakamoto
The system promotes financial privacy through pseudonymity.
— Satoshi Nakamoto
The network nodes form a decentralized network without a central authority.
— Satoshi Nakamoto
The network incentivizes participation through rewards.
— Satoshi Nakamoto
The network nodes form a decentralized network without a central authority.
— Satoshi Nakamoto
Bitcoin’s protocol includes rules to prevent inflation and counterfeiting.
— Satoshi Nakamoto
Bitcoin can be used for remittances with low fees and fast settlement.
— Satoshi Nakamoto
Users can create multi-signature wallets for enhanced security.
— Satoshi Nakamoto
Mining pools allow miners to reduce variance in their rewards.
— Satoshi Nakamoto
Bitcoin can be used for remittances with low fees and fast settlement.
— Satoshi Nakamoto