92 Quotes by Satoshi Nakamoto

It's very attractive to the libertarian viewpoint if we can explain it properly. I'm better with code than with words though.

Once it gets bootstrapped, there are so many applications if you could effortlessly pay a few cents to a website as easily as dropping coins in a vending machine.

If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.

It might make sense just to get some in case it catches on.

As an additional firewall, a new key pair should be used for each transaction to keep them from being linked to a common owner. Some linking is still unavoidable with multi-input transactions, which necessarily reveal that their inputs were owned by the same owner. The risk is that if the owner of a key is revealed, linking could reveal other transactions that belonged to the same owner.

When you generate a new bitcoin address, it only takes disk space on your own computer (like 500 bytes). It’s like generating a new PGP private key, but less CPU intensive because it’s ECC. The address space is effectively unlimited. It doesn’t hurt anyone, so generate all you want.

I’m sure that in 20 years there will either be very large transaction volume or no volume.

If you’re sad about paying the fee, you could always turn the tables and run a node yourself and maybe someday rake in a 0.44 fee yourself.

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.