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
Satoshi Quotes
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Daily Satoshi Nakamoto quotes.
The network incentivizes participation through rewards.
— Satoshi Nakamoto
Nodes use a proof-of-work chain to agree on transaction history.
— Satoshi Nakamoto
Mining pools allow miners to reduce variance in their rewards.
— Satoshi Nakamoto
The steady addition of a constant amount of new coins is analogous to gold miners expending resources to add gold to circulation.
— Satoshi Nakamoto
The system is designed to be robust even if some nodes act maliciously.
— Satoshi Nakamoto
Bitcoin replaces trust with mathematical proof and network consensus.
— Satoshi Nakamoto
The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.
— Satoshi Nakamoto
The community ensures the software remains secure and up-to-date.
— Satoshi Nakamoto
The proof-of-work function is intentionally hard to compute but easy to verify.
— Satoshi Nakamoto
Bitcoin is a global network that anyone can join.
— Satoshi Nakamoto
The system discourages centralization by design.
— Satoshi Nakamoto
The wallet software can generate a new keypair for each transaction.
— Satoshi Nakamoto
The network incentivizes participation through rewards.
— Satoshi Nakamoto
Nodes reject invalid transactions to maintain network integrity.
— Satoshi Nakamoto
The protocol is designed to prevent double spending without a central authority.
— Satoshi Nakamoto
Bitcoin is censorship-resistant by design.
— Satoshi Nakamoto
The block chain is a public ledger of all transactions in the network.
— Satoshi Nakamoto
Bitcoin can enable new financial applications and services.
— Satoshi Nakamoto
Bitcoin wallets store private keys which allow spending of associated coins.
— Satoshi Nakamoto