Satoshi Nakamoto Bitcoin Quotes

Logged your keys your bitcoin.

Satoshi nakamoto bitcoin quotes. When satoshi nakamoto introduced bitcoin to the rest of the world it was evident he had a particular plan in mind. Bitcoins founder satoshi nakamoto used to be very active in forums like bitcointalk before disappearing in 2011. Satoshi nakamoto used the genesis block first block of bitcoin chain to give a strong message to everyone and will forever remain on the bitcoin blockchain. The first step was taken in 2007 when nakamoto wrote the bitcoin code.

He contributed hundreds of public blog posts. Message in the genesis block. First lets detail what is known for certain. What is your favorite satoshi nakamoto quote.

He shared his wisdom patiently explained all ins and outs of the protocol and even cracked jokes here and there. Bitcoins founder satoshi nakamoto was very active with the community in the early days of bitcoin. Bitcoin minting is thermodynamically perverse 2010 08 07 link. Here are my favorites of the more than 1000 posts he made over the course of a year.

If sha 256 became completely broken i think we could come to some agreement about what the honest block chain was before the trouble started lock that in and continue from there with a new hash function. Gold mining is a waste but that waste is far less than the utility of having gold available as a medium of exchange. Although it may appear some of the developers lost track of satoshis original vision. The message was in an encoded form and later developers decode the message.

I think the case will be the same for bitcoin. Not your keys not your bitcoin andreas antonopoulos. In november 2008 satoshi nakamoto published his now famous white paper which laid the groundwork for the bitcoin protocol. The marginal cost of gold mining tends to stay near the price of gold.

Satoshi nakamoto the bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead. Best satoshi nakamoto quotes 1. The nature of bitcoin is such that once version 01 was released the core design was set in stone for the rest of its lifetime. Generate all the addresses you.

In fact satoshi made some intriguing quotes in those days all of which still apply to bitcoin today. Its the same situation as gold and gold mining.

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