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Bitcoin

How Did Satoshi Nakamoto Originally Intend To Scale Bitcoin? Some Evidence…

Whilst going through hundreds of emails and forum posts written by Satoshi Nakamoto (all of which are documented for posterity at the Satoshi Nakamoto Institute), one particular correspondance I came across stopped me in my tracks. Why? Because it — an email written by Satoshi himself no less — talks about scaling Bitcoin (a topic […]

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Bitcoin quotations

Satoshi Nakamoto Explaining How Proof Of Work Solves The Byzantine Generals Problem (In An Email To James A. Donald)

Have you ever wondered how proof of work (the mechanism by which new blocks are added to Bitcoin – a.k.a ‘mining’) solves the Byzantine Generals Problem? Well, who better to try to explain this than the creator of Bitcoin himself: Satoshi Nakamoto. Interestingly, everything Satoshi Nakamoto wrote is recorded for posterity on a website called […]

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Bitcoin quotations

Top Thirty Five Best Satoshi Nakamoto Quotes on Bitcoin

There’s a lot to appreciate looking back at all the various things Satoshi Nakamoto (the creator of Bitcoin) wrote in emails, mailing lists, and forums (and boy did he write quite a bit). If you happen to already understand Bitcoin you’ll quickly see some of the early-thinking-brilliance of Satoshi in many of the below quotes, […]

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Bitcoin

What Was The Message That Satoshi Nakamoto Encoded Into The First Ever Bitcoin Block? (Answered)

Bitcoin went live on January 3, 2009. This was the day that Satoshi Nakamoto generated the first Bitcoin block, in which he encoded the message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” -taken from the title of an article on the front page of one of London’s best-known daily newspapers: The […]