The blockchain timestamp server proves that data existed at a certain point in time.
— Satoshi Nakamoto
Bitcoin is a global network that anyone can join.
— Satoshi Nakamoto
Bitcoin is not just a currency, it's a movement.
— Satoshi Nakamoto
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block.
— Satoshi Nakamoto
Bitcoin is censorship-resistant by design.
— Satoshi Nakamoto
Bitcoin’s scripting system enables programmable transactions.
— Satoshi Nakamoto
The system is resilient against denial-of-service attacks.
— Satoshi Nakamoto
Simplified Payment Verification (SPV) allows payment verification without running a full network node.
— Satoshi Nakamoto
The network nodes form a decentralized network without a central authority.
— Satoshi Nakamoto
Users maintain control of their private keys at all times.
— Satoshi Nakamoto
We can win a major battle in the arms race and gain a new territory of freedom for several years.
— Satoshi Nakamoto
Bitcoin is a network of nodes collectively maintaining a ledger.
— Satoshi Nakamoto
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
Mining difficulty adjusts to maintain a consistent rate of new blocks despite changes in total network hash power.
— Satoshi Nakamoto
Bitcoin’s decentralized design removes single points of failure.
— Satoshi Nakamoto
The network is robust in its unstructured simplicity.
— Satoshi Nakamoto
The wallet software can generate a new keypair for each transaction.
— Satoshi Nakamoto
Bitcoin is the foundation of a new financial era.
— Satoshi Nakamoto
The mining competition secures the network against attacks.
— Satoshi Nakamoto
Bitcoin solves the double-spending problem with a peer-to-peer network and proof-of-work.
— Satoshi Nakamoto
Bitcoin wallets store private keys which allow spending of associated coins.
— Satoshi Nakamoto
The network validates transactions independently and transparently.
— Satoshi Nakamoto
To modify a past block, an attacker would have to redo the proof-of-work of that block and all blocks after it.
— Satoshi Nakamoto