The mining competition secures the network against attacks.

— Satoshi Nakamoto

The network verifies transaction validity by checking cryptographic signatures.

— Satoshi Nakamoto

The root problem with conventional currency is all the trust that’s required to make it work.

— Satoshi Nakamoto

The system is designed to be robust even if some nodes act maliciously.

— Satoshi Nakamoto

Users can verify their balance and transactions independently.

— Satoshi Nakamoto

Nodes reject blocks and transactions that violate the protocol rules.

— 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 security of the system depends on honest majority of mining power.

— Satoshi Nakamoto

The protocol supports lightweight clients using Simplified Payment Verification.

— Satoshi Nakamoto

No third party is needed to process or verify payments.

— Satoshi Nakamoto

Nodes always accept the longest valid blockchain as the authoritative ledger.

— Satoshi Nakamoto

Bitcoin can be used for remittances with low fees and fast settlement.

— Satoshi Nakamoto

The blockchain provides a permanent record of all transactions.

— Satoshi Nakamoto

Nodes always consider the longest chain to be the correct one and will keep working on extending it.

— Satoshi Nakamoto

The network incentivizes participation through rewards.

— Satoshi Nakamoto

We have proposed a system for electronic transactions without relying on trust.

— Satoshi Nakamoto

Simplified Payment Verification (SPV) allows payment verification without running a full network node.

— Satoshi Nakamoto

Bitcoin’s supply schedule is predictable and transparent.

— Satoshi Nakamoto

Nodes always consider the longest chain to be the correct one and will keep working on extending it.

— Satoshi Nakamoto

Transaction fees will become the main incentive for miners once the coin generation slows down.

— Satoshi Nakamoto