What is the story about ledger? #btc
“Live as if you were to die tomorrow. #Learn as if you were to #live forever.”
— Mahatma Gandhi
#bitcoin #btc #crypto #quote 
“Everything you can #imagine is real.”
— Pablo Picasso
#bitcoin #btc #crypto #quote 
“Life isn’t about finding yourself. #Life is about #creating yourself.”
— George Bernard Shaw
#bitcoin #btc #crypto #quote 
“ #Life isn’t about finding yourself. Life is about creating yourself.”
— George Bernard Shaw
#bitcoin #btc #crypto #quote 
“You only #live once, but if you do it right, #once is enough.”
— Mae West
#bitcoin #btc #crypto #quote 
“We have proposed a #system for electronic transactions without relying on #trust . We started with the usual framework of #coins made from digital signatures, which provides #strong control of ownership, but is incomplete without a way to prevent double-spending. To #solve this, we proposed a peer-to-peer #network using proof-of-work to record a #public history of transactions that quickly becomes computationally impractical for an attacker to #change if #honest nodes control a majority of CPU #power .”
#bitcoin #btc #crypto #quote by
—Satoshi Nakamoto 
“The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power.”
#bitcoin #btc #crypto #quote by
—Satoshi Nakamoto 
La red es robusta en su simplicidad no estructurada.
#bitcoin #btc #crypto #quote by
—Satoshi Nakamoto 
“The #design supports a tremendous variety of possible transaction types that I designed years ago. Escrow transactions, bonded contracts, third party arbitration, multi-party signature, etc. If #Bitcoin catches on in a big way, these are things we’ll want to explore in the future, but they all had to be designed at the beginning to make sure they would be possible later.”
#bitcoin #btc #crypto #quote by
—Satoshi Nakamoto 
“As computers get faster and the total computing proof-of-worker applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoins will be created every year in the future.”
#bitcoin #btc #crypto #quote by
—Satoshi Nakamoto 
“The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of #money will see its value increase. #Coins have to get initially distributed somehow, and a constant rate seems like the best formula.”
#bitcoin #btc #crypto #quote by
—Satoshi Nakamoto
Generation is basically #free anywhere that has electric heat, since your computer’s heat is offsetting your baseboard electric heating. Many small flats have electric heat out of convenience.
#bitcoin #btc #quote by
—Satoshi Nakamoto
“Worry a little bit every day and in a lifetime you will lose a couple of years. If something is wrong, fix it if you can. But train yourself not to worry: Worry never fixes anything. ”
— Ernest Hemingway #bitcoin #quote #btc 
The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.
#bitcoin #btc #quote by
—Satoshi Nakamoto 
It’s the same situation as #gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. I think the case will be the same for #Bitcoin . The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste.
#bitcoin #btc #quote by
—Satoshi Nakamoto 
“Total circulation will be 21,000,000 coins. It’ll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years. first 4 years: 10,500,000 coins next 4 years: 5,250,000 coins next 4 years: 2,625,000 coins next 4 years: 1,312,500 coins etc... When that runs out, the system can support transaction fees if needed. It’s based on open market competition, and there will probably always be nodes willing to process transactions for free.”
#bitcoin #btc #quote 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.”
#bitcoin #btc #quote by
—Satoshi Nakamoto 
“Sometimes you’ve got to let everything go—purge yourself. If you are unhappy with anything… whatever is bringing you down, get rid of it. Because you’ll find that when you’re #free , your true #creativity , your true self comes out.”
—Tina Turner
#quote #life #btc 
“My #legacy is that I stayed on course… from the beginning to the end because I #believe ‘d in something inside of me.”
#bitcoin #quote
—Tina Turner 