Author Topic: What is your favorite Satoshi Nakamoto quote?  (Read 1103565 times)

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What is your favorite Satoshi Nakamoto quote?
« on: November 02, 2014, 03:31:09 PM »
What is your favorite Satoshi Nakamoto quote?

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.

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Offline juila8989

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #135 on: November 18, 2022, 05:29:02 AM »

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Once a person asked about "Permanently Lost Bitcoins on the network" to Satoshi Nakamoto replied: "Lost coins only make everyone else’s coins worth slightly more.  Think of it as a donation to everyone."

This is my favourite interview I have read of Satoshi Nakamoto.
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Offline deoolosmaflasw

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #136 on: November 21, 2022, 10:36:45 PM »
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone. But I am sure that a person who does not understand cryptocurrency will not be able to fully understand the essence of this expression. Therefore, I advise those who are not in the subject to read this article https://s-pro.io/blog/what-is-defi, and the rest in their blog. This is a really good resource that provides answers to many questions.
« Last Edit: November 23, 2022, 10:35:53 PM by deoolosmaflasw »
Hi there

Offline Foxys1956

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #137 on: November 29, 2022, 01:35:55 PM »
There is no definitive answer to this question, as Satoshi Nakamoto's quotes are eclectic and often enigmatic. However, some of Nakamoto's more memorable quotes include:

"The most important thing is to learn how to count"

Offline edelynwalker

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #138 on: December 22, 2022, 06:57:03 AM »
My favourite Satoshi Nakamoto quote is "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." This quote speaks to the power of the blockchain, which has the potential to revolutionize the way we do business and live our lives. It also speaks to the importance of understanding the technology behind it and the necessity of educating oneself on the subject.

Offline PaulSchiffer

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #139 on: December 25, 2022, 10:10:57 AM »
So intresting.

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #140 on: December 27, 2022, 05:32:18 PM »
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
literally the best quote, because you should not even have time for people who are not smart at all and moreover don't listen to you

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #141 on: January 25, 2023, 10:41:54 PM »
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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #142 on: February 18, 2023, 06:30:32 PM »
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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #143 on: March 04, 2023, 04:43:27 PM »
Quote
"If you do not believe me or do not accept it, I'm sorry, I do not have time to convince you."

Offline james_lautner

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #144 on: April 18, 2023, 01:47:03 AM »
" If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." big brain energy

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #145 on: May 04, 2023, 12:06:17 PM »
"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."
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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #146 on: May 07, 2023, 06:49:33 PM »
The amount of trust that is necessary for a conventional currency to function properly is the primary source of the issue.

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #147 on: May 08, 2023, 07:04:38 PM »
"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone."

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #148 on: May 23, 2023, 08:50:04 AM »
Hi, I’m a fan of Satoshi Nakamoto and his vision for Bitcoin. There are many quotes from him that I like, but one of my favorites is this one:

“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. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.” - Satoshi Nakamoto

I think this quote summarizes the main motivation behind Bitcoin and why it is a revolutionary invention. Bitcoin eliminates the need for trust in third parties and empowers people to control their own money and transactions. Bitcoin also provides more transparency and security than conventional currency. I believe Bitcoin is the future of money and I’m glad to be part of this community.

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Re: What is your favorite Satoshi Nakamoto quote?
« Reply #149 on: May 24, 2023, 05:25:54 AM »
Is this related to bitcoin?
Thanks
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