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Author Topic: What is your favorite Satoshi Nakamoto quote?  (Read 2450 times)
niktitan132 (OP)
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January 18, 2015, 03:50:06 PM
 #1

My favorite quote from Satoshi Nakamoto is :
Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.

Which is yours? Smiley
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January 18, 2015, 04:05:31 PM
 #2

Small words with huge meanings , Satoshi <3

He said that on Feb. 14, 2010 btw Grin
Quote
I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

and this one on June 21, 2010 :
Quote
Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.

one I liked the most on the 3 of them :

Quote
Sorry to be a wet blanket. Writing a description for (bitcoin) for general audiences is bloody hard. There’s nothing to relate it to.

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January 18, 2015, 04:25:28 PM
 #3

''Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.''

It's suitable for our condition now

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January 18, 2015, 04:25:57 PM
 #4

"May the Force be with you."

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January 18, 2015, 04:29:02 PM
 #5

"Michael, send me some coins before I hitman you."

https://bitcointalk.org/index.php?topic=775174.msg8735186#msg8735186
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January 18, 2015, 04:47:45 PM
 #6

"Michael, send me some coins before I hitman you."

https://bitcointalk.org/index.php?topic=775174.msg8735186#msg8735186

That not what Satoshi Nakamoto said, that's what the hacker who hacked his email said  mate  Roll Eyes
this is Satoshi nakamoto profile on the forums https://bitcointalk.org/index.php?action=profile;u=3 , basically the only place where you will find his quotes .

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January 18, 2015, 05:04:22 PM
 #7

“Be the change that you wish to see in the world.”

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January 18, 2015, 05:07:03 PM
 #8

July 29, 2010:

"If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry."

--------------------Bagholder Extraordinaire--------------------
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January 18, 2015, 07:31:04 PM
 #9

Do we really need another thread like this?  Can't you just add your favorite quote to one of the dozens of identical threads that already exist?  For example, just lock this thread and post your favorite quote here:

https://bitcointalk.org/index.php?topic=877568.0

Anyhow, here's my post from that thread:

I've always liked the way this one makes it clear that consolidation in the mining industry was the plan from the beginning:
I anticipate there will never be more than 100K nodes, probably less.  It will reach an equilibrium where it's not worth it for more nodes to join in.  The rest will be lightweight clients, which could be millions.

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.
This one echos the same sentiment:
The current system where every user is a network node is not the intended configuration for large scale.  That would be like every Usenet user runs their own NNTP server.  The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don't generate.
But I think one of my all time favorites is:
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
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January 18, 2015, 07:42:40 PM
 #10

"If you’re sad about paying (a transaction) fee, you could always turn the tables and run a node yourself and maybe someday rake in a 0.44 fee yourself."


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January 18, 2015, 09:08:42 PM
 #11

i loved when he said
" focuss and dont believe "
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January 19, 2015, 12:44:22 AM
 #12

My favorite quote from Satoshi Nakamoto is :
Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.

Which is yours? Smiley

"It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy." - Satoshi Nakamoto
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January 19, 2015, 01:45:12 AM
 #13

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

(reason why I don't cheerleader BTC in real life)
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January 19, 2015, 02:20:59 AM
 #14

"I'm starting with the man in the mirror, I'm asking him to make a change."
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January 19, 2015, 02:33:28 AM
 #15

Best BTC description ever. Will use it if/when I need to explain people:

As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:
- boring grey in colour
- not a good conductor of electricity
- not particularly strong, but not ductile or easily malleable either
- not useful for any practical or ornamental purpose

and one special, magical property:
- can be transported over a communications channel

If it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it.

Maybe it could get an initial value circularly as you've suggested, by people foreseeing its potential usefulness for exchange.  (I would definitely want some)  Maybe collectors, any random reason could spark it.

I think the traditional qualifications for money were written with the assumption that there are so many competing objects in the world that are scarce, an object with the automatic bootstrap of intrinsic value will surely win out over those without intrinsic value.  But if there were nothing in the world with intrinsic value that could be used as money, only scarce but no intrinsic value, I think people would still take up something.

(I'm using the word scarce here to only mean limited potential supply)


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January 19, 2015, 03:00:02 AM
 #16

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

(reason why I don't cheerleader BTC in real life)
hmmm anyway....
i love that quote too

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January 19, 2015, 03:10:46 AM
 #17

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

Also my favorite.

Here's another good one:

"I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume."

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Brainwashed this way


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January 19, 2015, 03:30:22 AM
 #18


"That means a lot coming from you, Hal.  Thanks."

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
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January 19, 2015, 04:44:52 AM
 #19

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


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January 19, 2015, 05:56:42 AM
 #20

I'll be back

Grin
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January 19, 2015, 07:32:46 AM
 #21

Feb. 26, 2010: How does everyone feel about the B symbol with the two lines through the outside? Can we live with that as our logo?
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January 19, 2015, 07:35:37 AM
 #22

"I am not dorian nakamoto."
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Loose lips sink sigs!


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January 19, 2015, 08:22:14 AM
 #23

"What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party"

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January 19, 2015, 09:06:44 AM
 #24

"This is actually good news"

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January 19, 2015, 11:33:45 PM
 #25

This thread reminds me of "Old Jungle Sayings".  Grin
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January 20, 2015, 12:15:13 AM
 #26

I'm waiting for him to say: "Here, I am."
But he hasn't said it yet.

I used to be a citizen and a taxpayer. Those days are long gone.
Gleb Gamow
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January 20, 2015, 04:41:12 AM
 #27

"He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth."
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January 20, 2015, 05:11:18 AM
 #28

"I lost my private keys"
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January 20, 2015, 05:48:52 AM
 #29

"If you can accept incoming connections and you have a static IP address, post it here! Anything sent to these IPs should be considered a donation."
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January 20, 2015, 07:07:03 AM
 #30

"We play a prank on them and debase their coins. That will give those assholes hell. I need to disappear before they find out it's a practical joke about their bad understanding of economics and money. They are going to be angry once they find out Bitcoin can't preserve its value."

(leaked email)
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January 26, 2015, 06:43:46 PM
 #31

"Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."

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January 27, 2015, 03:00:45 AM
 #32

Last post before running off with the bitcoin motherload, "there are still more ways to attack than I can count."

https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts;start=0
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