Bitcoin's open design encourages innovation and experimentation.
— Satoshi Nakamoto
The block reward halves approximately every four years to control inflation.
— Satoshi Nakamoto
The block reward halves approximately every four years to control inflation.
— Satoshi Nakamoto
The protocol is designed to prevent double spending without a central authority.
— Satoshi Nakamoto
The protocol uses elliptic curve cryptography for keys.
— Satoshi Nakamoto
Bitcoin can enable micropayments without high transaction fees.
— Satoshi Nakamoto
Bitcoin is a tool for freedom.
— Satoshi Nakamoto
Bitcoin provides a censorship-resistant payment system.
— Satoshi Nakamoto
Bitcoin addresses are derived from public keys through a hashing process.
— Satoshi Nakamoto
Transaction fees will become the main incentive for miners once the coin generation slows down.
— Satoshi Nakamoto
The protocol evolves through community consensus and BIPs (Bitcoin Improvement Proposals).
— Satoshi Nakamoto
Bitcoin is the first decentralized digital currency with practical utility.
— Satoshi Nakamoto
The use of digital signatures provides strong authentication for transactions.
— Satoshi Nakamoto
Users can verify transactions without trusting any third party.
— Satoshi Nakamoto
The network runs 24/7 with no downtime or centralized control.
— Satoshi Nakamoto
The network incentivizes participation through rewards.
— Satoshi Nakamoto
The design enables trustless transfer of value over the internet.
— Satoshi Nakamoto
The system promotes financial privacy through pseudonymity.
— Satoshi Nakamoto
The decentralized network is resistant to censorship or control.
— Satoshi Nakamoto
Bitcoin transactions are irreversible and final once confirmed.
— Satoshi Nakamoto
Bitcoin’s decentralized design removes single points of failure.
— Satoshi Nakamoto
The system is permissionless; anyone can participate without approval.
— Satoshi Nakamoto
The blockchain timestamp server proves that data existed at a certain point in time.
— Satoshi Nakamoto
The system rewards nodes that follow the rules and punishes cheating.
— Satoshi Nakamoto