The proof-of-work difficulty is adjusted every 2016 blocks to keep the average time between new blocks at ten minutes.
— Satoshi Nakamoto
Satoshi Quotes
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Daily Satoshi Nakamoto quotes.
The network verifies transaction validity by checking cryptographic signatures.
— Satoshi Nakamoto
Economic incentives align miners’ interests with network security.
— Satoshi Nakamoto
Bitcoin is the foundation of a new financial era.
— Satoshi Nakamoto
The cryptographic techniques used are well-tested and secure.
— Satoshi Nakamoto
Bitcoin can provide financial services to those without banks.
— Satoshi Nakamoto
The network runs 24/7 with no downtime or centralized control.
— Satoshi Nakamoto
If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains.
— Satoshi Nakamoto
What is needed is an electronic payment system based on cryptographic proof instead of trust.
— Satoshi Nakamoto
The software and network protocols are open source.
— Satoshi Nakamoto
The decentralized network is resistant to censorship or control.
— Satoshi Nakamoto
The mining competition secures the network against attacks.
— Satoshi Nakamoto
The network operates continuously without downtime.
— Satoshi Nakamoto
Bitcoin provides a censorship-resistant payment system.
— Satoshi Nakamoto
Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.
— 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 enables peer-to-peer transfer of value globally.
— Satoshi Nakamoto
The decentralized network is resistant to censorship or control.
— Satoshi Nakamoto
Users can verify their balance and transactions independently.
— Satoshi Nakamoto
If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains.
— Satoshi Nakamoto