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In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. | Satoshi Nakamoto quote HD Wallpaper

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In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. | Satoshi Nakamoto quote HD Wallpaper

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In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. (Satoshi Nakamoto)

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Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own. | Satoshi Nakamoto quote

For decades, the public school system failed too many children, so we passed the No Child Left Behind Act and demanded schools show results in return for money. | George W. Bush quote

The receiver of a payment must wait an hour or so before believing that it’s valid. The network will resolve any possible double-spend races by then. | Satoshi Nakamoto quote

At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN. | Satoshi Nakamoto quote

Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to. | Satoshi Nakamoto quote

You could say coins are issued by the majority. They are issued in a limited, predetermined amount. | Satoshi Nakamoto quote

It might make sense just to get some in case it catches on. | Satoshi Nakamoto quote

For greater privacy, it’s best to use bitcoin addresses only once. | Satoshi Nakamoto quote