Stefano

“It's very attractive to the libertarian viewpoint if we can explain it properly. I'm better with code than with words though.”
― 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.”
― Satoshi Nakamoto

“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.”
― Satoshi Nakamoto

“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.”
― Satoshi Nakamoto