They are coming - Satoshi Nakamoto quotes

2 min reading

We present a list of the best quotes from the creator of Bitcoin. Admittedly, he has a sense of humour!

Although the true identity of the mysterious creator of Bitcoin - Satoshi Nakamoto, is not known (and there is a good chance that it will remain a mystery forever!), his words are constantly followed by faithful enthusiasts of the most popular cryptocurrency. The sympathizers of the world of virtual tokens follow his "commandments" like religion, while at the same time defending their "guru" against unflattering comments.

A series of quotes by the creator of Bitcoin appeared on the pages of the publication issued by "The Satoshi Nakamoto Institut".

  1. A major battle in an even larger war

We can win a major battle in the arms race and gain a new territory of freedom for several years.

  1. Bitcoin “Buy attack”

When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices.

  1. Distributing Bitcoins

As computers get faster and the total computing power applied to create 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.

Coins have to get initially distributed somehow, and a constant rate seems like the best formula.

  1. They are coming

WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.

  1. Don’t trust third parties

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.

  1. Zero bugs

I keep a list of all unresolved bugs I’ve seen on the forum. In some cases, I’m still thinking about the best design for the fix. This isn’t the kind of software where we can leave so many unresolved bugs that we need a tracker for them.

  1. Satoshi’s language

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

  1. Alternative to credit cards

Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have.

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