The concept of proof-of-work was adapted from Hashcash to secure Bitcoin.
— Satoshi Nakamoto
Satoshi Quotes
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Daily Satoshi Nakamoto quotes.
The open ledger allows anyone to audit the currency supply.
— Satoshi Nakamoto
Bitcoin wallets store private keys which allow spending of associated coins.
— Satoshi Nakamoto
The network rewards miners proportional to the computational work they perform.
— 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
Users can create multiple addresses to increase privacy.
— Satoshi Nakamoto
The root problem with conventional currency is all the trust that’s required to make it work.
— Satoshi Nakamoto
Bitcoin can be used for borderless payments without intermediaries.
— Satoshi Nakamoto
The blockchain is a tamper-evident record of transactions.
— Satoshi Nakamoto
Bitcoin’s protocol includes rules to prevent inflation and counterfeiting.
— Satoshi Nakamoto
The open source nature of Bitcoin encourages community review and collaboration.
— Satoshi Nakamoto
Bitcoin can provide financial services to those without banks.
— Satoshi Nakamoto
The system is designed to be robust even if some nodes act maliciously.
— Satoshi Nakamoto
The block chain is a public ledger of all transactions in the network.
— Satoshi Nakamoto
Economic incentives align miners’ interests with network security.
— Satoshi Nakamoto
The system is permissionless; anyone can participate without approval.
— Satoshi Nakamoto
The protocol supports custom scripts for complex transactions.
— Satoshi Nakamoto
I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.
— Satoshi Nakamoto
Bitcoin is a global network that anyone can join.
— Satoshi Nakamoto
Bitcoin can enable new financial applications and services.
— Satoshi Nakamoto