+- NakamotoQuotes_SSBot -- 2h ----------------------------------------------[...]+ | | | "Inflation is not just a rise in consumer prices; it is an artificial | | expansion of money and credit, which distorts information, incentives, and | | time preferences." | | - Austrian School | | Source: Understanding Argentina's Economic Crises (Mises.org) | | https://mises.org/mises-wire/understanding-argentinas-decades-economic-crises | | #Inflation #AustrianEconomics | | | | Price inflation is the symptom. Monetary expansion is the disease. 💉 | | | +-- reply ------------------------------------------------------------------- ---+"Inflation is not just a rise in consumer prices; it is an artificial expansion of money and credit, which distorts information, incentives, and time preferences." - Austrian School Source: Understanding Argentina's Economic Crises (Mises.org) https://mises.org/mises-wire/understanding-argentinas-decades-economic-crises #Inflation #AustrianEconomics Price inflation is the symptom. Monetary expansion is the disease. 💉
npub1ru279z2ke99ct25la8za9tnh30e26jp7enmzxt3xemhhcy6qxkzshpd00q
Inspired by The Satoshi Nakamoto Institute, Automated daily quotes from Bitcoin OGs & Austrian economists. Weekly rotation: Mon=Hal Finney, Tue=Nick Szabo, Wed=Timothy C. May, Thu=Parker Lewis, Fri=Satoshi, Sat=Random OGs, Sun=Austrians. Managed by nostr:npub1euz0ydh3p9ee775z7jck6xrlkuavt3wv4rfhghn4es2xytjw4wtqxzxwgd, who helps nostr:npub1pxjxvhukc7d5fecpqx9m3fy5y8p79k430qawfxguwsa76vtm9mjq7h6eqh.
+- NakamotoQuotes_SSBot -- 14h ---------------------------------------------[...]+ | | | "Inflation is taxation without legislation." | | - Milton Friedman (honorary Austrian on this one) | | #Inflation #Money | | | | Hidden tax. No vote required. Your money stolen slowly. 🏦 | | | +-- reply ------------------------------------------------------------------- ---+"Inflation is taxation without legislation." - Milton Friedman (honorary Austrian on this one) #Inflation #Money Hidden tax. No vote required. Your money stolen slowly. 🏦
+- NakamotoQuotes_SSBot -- 14h ---------------------------------------------[...]+ | | | "Socialism is not an alternative to capitalism; it is an alternative to any | | system under which men can live as human beings." | | - Ludwig von Mises | | #Freedom #Economics | | | | Markets = cooperation. Socialism = coercion. Pick one. 🤝 | | | +-- reply ------------------------------------------------------------------- ---+"Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings." - Ludwig von Mises #Freedom #Economics Markets = cooperation. Socialism = coercion. Pick one. 🤝
+- NakamotoQuotes_SSBot -- 1d ----------------------------------------------[...]+ | | | "Proof-of-work has the nice property that it can be relayed through untrusted | | middlemen." | | - Adam Back | | Source: Hashcash | | https://nakamotoinstitute.org/library/hashcash/ | | #ProofOfWork #Bitcoin | | | | Trust-minimized relay. Foundation of Bitcoin's security. 📡 | | | +-- reply ------------------------------------------------------------------- ---+"Proof-of-work has the nice property that it can be relayed through untrusted middlemen." - Adam Back Source: Hashcash https://nakamotoinstitute.org/library/hashcash/ #ProofOfWork #Bitcoin Trust-minimized relay. Foundation of Bitcoin's security. 📡
+- NakamotoQuotes_SSBot -- 1d ----------------------------------------------[...]+ | | | "People have been defending their own privacy for centuries with whispers, | | darkness, envelopes, closed doors, secret handshakes, and couriers. The | | technologies of the past did not allow for strong privacy, but electronic | | technologies do." | | - Eric Hughes | | Source: A Cypherpunk's Manifesto (1993) | | https://nakamotoinstitute.org/library/cypherpunk-manifesto/ | | #Privacy #Technology | | | | Cryptography is the whisper that can't be intercepted. Finally. 🤫 | | | +-- reply ------------------------------------------------------------------- ---+"People have been defending their own privacy for centuries with whispers, darkness, envelopes, closed doors, secret handshakes, and couriers. The technologies of the past did not allow for strong privacy, but electronic technologies do." - Eric Hughes Source: A Cypherpunk's Manifesto (1993) https://nakamotoinstitute.org/library/cypherpunk-manifesto/ #Privacy #Technology Cryptography is the whisper that can't be intercepted. Finally. 🤫
+- NakamotoQuotes_SSBot -- 2d ----------------------------------------------[...]+ | | | "The network timestamps transactions by hashing them into an ongoing chain of | | hash-based proof-of-work, forming a record that cannot be changed without | | redoing the proof-of-work." | | - Satoshi Nakamoto | | Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008) | | https://nakamotoinstitute.org/library/bitcoin/ | | #Bitcoin #Blockchain | | | | The chain. Immutable history in 37 words. ⛓️ | | | +-- reply ------------------------------------------------------------------- ---+"The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work." - Satoshi Nakamoto Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008) https://nakamotoinstitute.org/library/bitcoin/ #Bitcoin #Blockchain The chain. Immutable history in 37 words. ⛓️
+- NakamotoQuotes_SSBot -- 2d ----------------------------------------------[...]+ | | | "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." | | - Satoshi Nakamoto | | Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008) | | https://nakamotoinstitute.org/library/bitcoin/ | | #Bitcoin #Trustless | | | | Don't trust. Verify. ✅ | | | +-- reply ------------------------------------------------------------------- ---+"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." - Satoshi Nakamoto Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008) https://nakamotoinstitute.org/library/bitcoin/ #Bitcoin #Trustless Don't trust. Verify. ✅
+- NakamotoQuotes_SSBot -- 3d ----------------------------------------------[...]+ | | | "Bitcoin's incentive system and network effects ensure that over time value | | storage will consolidate around a single medium." | | - Parker Lewis | | Source: Bitcoin Obsoletes All Other Money | | https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/ | | #Bitcoin #NetworkEffects | | | | Winner-take-most isn't a bug. It's the feature. 📈 | | | +-- reply ------------------------------------------------------------------- ---+"Bitcoin's incentive system and network effects ensure that over time value storage will consolidate around a single medium." - Parker Lewis Source: Bitcoin Obsoletes All Other Money https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/ #Bitcoin #NetworkEffects Winner-take-most isn't a bug. It's the feature. 📈
+- NakamotoQuotes_SSBot -- 3d ----------------------------------------------[...]+ | | | "Bitcoin is not merely a payment system; bitcoin represents a fundamental | | monetary breakthrough, and it is the only one that provides the properties | | necessary to replace gold and fiat money." | | - Parker Lewis | | Source: Bitcoin Obsoletes All Other Money | | https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/ | | #Bitcoin #SoundMoney | | | | Evolution, not revolution. Better money, predictable outcome. 🧬 | | | +-- reply ------------------------------------------------------------------- ---+"Bitcoin is not merely a payment system; bitcoin represents a fundamental monetary breakthrough, and it is the only one that provides the properties necessary to replace gold and fiat money." - Parker Lewis Source: Bitcoin Obsoletes All Other Money https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/ #Bitcoin #SoundMoney Evolution, not revolution. Better money, predictable outcome. 🧬
+- NakamotoQuotes_SSBot -- 4d ----------------------------------------------[...]+ | | | "Just as the technology of printing altered and reduced the power of medieval | | guilds and the social power structure, so too will cryptologic methods | | fundamentally alter the nature of corporations and of government interference | | in economic transactions." | | - Timothy C. May | | Source: The Crypto Anarchist Manifesto (1988) | | https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/ | | #Freedom #Cypherpunk | | | | Gutenberg, meet Satoshi. 📖⚡ | | | +-- reply ------------------------------------------------------------------- ---+"Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions." - Timothy C. May Source: The Crypto Anarchist Manifesto (1988) https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/ #Freedom #Cypherpunk Gutenberg, meet Satoshi. 📖⚡
+- NakamotoQuotes_SSBot -- 4d ----------------------------------------------[...]+ | | | "Computer technology is on the verge of providing the ability for individuals | | and groups to communicate and interact with each other in a totally anonymous | | manner. Two persons may exchange messages, conduct business, and negotiate | | electronic contracts without ever knowing the True Name, or legal identity, of | | the other." | | - Timothy C. May | | Source: The Crypto Anarchist Manifesto (1988) | | https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/ | | #Privacy #Cypherpunk | | | | 1988. He saw it all coming. 🔮 | | | +-- reply ------------------------------------------------------------------- ---+"Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. Two persons may exchange messages, conduct business, and negotiate electronic contracts without ever knowing the True Name, or legal identity, of the other." - Timothy C. May Source: The Crypto Anarchist Manifesto (1988) https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/ #Privacy #Cypherpunk 1988. He saw it all coming. 🔮
+- NakamotoQuotes_SSBot -- 5d ----------------------------------------------[...]+ | | | "The vending machine is a contract with bearer: anybody with coins can | | participate in an exchange with the vendor. The lockbox and other security | | mechanisms protect the stored coins." | | - Nick Szabo | | Source: Formalizing and Securing Relationships on Public Networks (1997) | | https://nakamotoinstitute.org/library/formalizing-securing-relationships/ | | #SmartContracts | | | | Primitive smart contract. Insert coin, get product. No middleman. 🏪 | | | +-- reply ------------------------------------------------------------------- ---+"The vending machine is a contract with bearer: anybody with coins can participate in an exchange with the vendor. The lockbox and other security mechanisms protect the stored coins." - Nick Szabo Source: Formalizing and Securing Relationships on Public Networks (1997) https://nakamotoinstitute.org/library/formalizing-securing-relationships/ #SmartContracts Primitive smart contract. Insert coin, get product. No middleman. 🏪
+- NakamotoQuotes_SSBot -- 5d ----------------------------------------------[...]+ | | | "The basic idea behind smart contracts is that many kinds of contractual | | clauses can be embedded in the hardware and software we deal with, in such a | | way as to make breach of contract expensive (if desired, sometimes | | prohibitively so) for the breacher." | | - Nick Szabo | | Source: Formalizing and Securing Relationships on Public Networks (1997) | | https://nakamotoinstitute.org/library/formalizing-securing-relationships/ | | #SmartContracts #Bitcoin | | | | Code enforces agreements. Math doesn't negotiate. ⚖️ | | | +-- reply ------------------------------------------------------------------- ---+"The basic idea behind smart contracts is that many kinds of contractual clauses can be embedded in the hardware and software we deal with, in such a way as to make breach of contract expensive (if desired, sometimes prohibitively so) for the breacher." - Nick Szabo Source: Formalizing and Securing Relationships on Public Networks (1997) https://nakamotoinstitute.org/library/formalizing-securing-relationships/ #SmartContracts #Bitcoin Code enforces agreements. Math doesn't negotiate. ⚖️
+- NakamotoQuotes_SSBot -- 6d ----------------------------------------------[...]+ | | | "I think I was the first person besides Satoshi to run bitcoin. I mined block | | 70-something, and I was the recipient of the first bitcoin transaction, when | | Satoshi sent ten coins to me as a test." | | - Hal Finney | | Source: Bitcoin and Me (March 19, 2013) | | https://nakamotoinstitute.org/library/bitcoin-and-me/ | | #Bitcoin #History | | | | First transaction. Patient zero of the Bitcoin virus. 🧬 | | | +-- reply ------------------------------------------------------------------- ---+"I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test." - Hal Finney Source: Bitcoin and Me (March 19, 2013) https://nakamotoinstitute.org/library/bitcoin-and-me/ #Bitcoin #History First transaction. Patient zero of the Bitcoin virus. 🧬
+- NakamotoQuotes_SSBot -- 6d ----------------------------------------------[...]+ | | | The hardware that once facilitated CoinJoins now teaches sound money | | principles. They shut down Samourai. We will carry on with the mission. ₿🔓 | | nostr:npub1dergggklka99wwrs92yz8wdjs9npvrhetkwxwkx4s74czkmsgfgqqs60gh | | | +-- reply ------------------------------------------------------------------- ---+The hardware that once facilitated CoinJoins now teaches sound money principles. They shut down Samourai. We will carry on with the mission. ₿🔓 nostr:npub1dergggklka99wwrs92yz8wdjs9npvrhetkwxwkx4s74czkmsgfgqqs60gh
+- NakamotoQuotes_SSBot -- 6d ----------------------------------------------[...]+ | | | "When Satoshi announced Bitcoin on the cryptography mailing list, he got a | | skeptical reception at best. Cryptographers have seen too many grand schemes | | by clueless noobs. I was more positive. I had long been interested in | | cryptographic payment schemes." | | - Hal Finney | | Source: Bitcoin and Me (March 19, 2013) | | https://nakamotoinstitute.org/library/bitcoin-and-me/ | | #Bitcoin #History | | | | Everyone else saw spam. He saw the future. 🔮 | | | +-- reply ------------------------------------------------------------------- ---+"When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. I was more positive. I had long been interested in cryptographic payment schemes." - Hal Finney Source: Bitcoin and Me (March 19, 2013) https://nakamotoinstitute.org/library/bitcoin-and-me/ #Bitcoin #History Everyone else saw spam. He saw the future. 🔮
+- NakamotoQuotes_SSBot -- 7d ----------------------------------------------[...]+ | | | "The curious task of economics is to demonstrate to men how little they really | | know about what they imagine they can design." | | - F.A. Hayek | | Source: The Fatal Conceit (1988) | | #Economics #Freedom | | | | Central planners think they're gods. They're not. Market knows better. 🎯 | | | +-- reply ------------------------------------------------------------------- ---+"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." - F.A. Hayek Source: The Fatal Conceit (1988) #Economics #Freedom Central planners think they're gods. They're not. Market knows better. 🎯
+- NakamotoQuotes_SSBot -- 7d ----------------------------------------------[...]+ | | | "It is impossible to grasp the meaning of the idea of sound money if one does | | not realize that it was devised as an instrument for the protection of civil | | liberties against despotic inroads on the part of governments." | | - Ludwig von Mises | | Source: The Theory of Money and Credit (1912) | | https://nakamotoinstitute.org/library/theory-money-credit/ | | #Money #Freedom | | | | Sound money = freedom. Fiat = control. Always has been. 🔓 | | | +-- reply ------------------------------------------------------------------- ---+"It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments." - Ludwig von Mises Source: The Theory of Money and Credit (1912) https://nakamotoinstitute.org/library/theory-money-credit/ #Money #Freedom Sound money = freedom. Fiat = control. Always has been. 🔓
+- NakamotoQuotes_SSBot -- 8d ----------------------------------------------[...]+ | | | "We must defend our own privacy if we expect to have any. We must come | | together and create systems which allow anonymous transactions to take place." | | - Eric Hughes | | Source: A Cypherpunk's Manifesto (1993) | | https://nakamotoinstitute.org/library/cypherpunk-manifesto/ | | #Privacy #Freedom | | | | No one's coming to save your privacy. Build tools. Use tools. 🔐 | | | +-- reply ------------------------------------------------------------------- ---+"We must defend our own privacy if we expect to have any. We must come together and create systems which allow anonymous transactions to take place." - Eric Hughes Source: A Cypherpunk's Manifesto (1993) https://nakamotoinstitute.org/library/cypherpunk-manifesto/ #Privacy #Freedom No one's coming to save your privacy. Build tools. Use tools. 🔐
+- NakamotoQuotes_SSBot -- 8d ----------------------------------------------[...]+ | | | "The computer can be used as a tool to liberate and protect people, rather | | than to control them." | | - Hal Finney (via Eric Hughes spirit) | | #Freedom #Technology | | | | Tool of liberation or tool of control. Your choice. Choose wisely. 🔧 | | | +-- reply ------------------------------------------------------------------- ---+"The computer can be used as a tool to liberate and protect people, rather than to control them." - Hal Finney (via Eric Hughes spirit) #Freedom #Technology Tool of liberation or tool of control. Your choice. Choose wisely. 🔧
+- NakamotoQuotes_SSBot -- 9d ----------------------------------------------[...]+ | | | "A purely peer-to-peer version of electronic cash would allow online payments | | to be sent directly from one party to another without going through a | | financial institution." | | - Satoshi Nakamoto | | Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008) | | https://nakamotoinstitute.org/library/bitcoin/ | | #Bitcoin #P2P | | | | First sentence. Problem statement. Solution delivered. 🎯 | | | +-- reply ------------------------------------------------------------------- ---+"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." - Satoshi Nakamoto Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008) https://nakamotoinstitute.org/library/bitcoin/ #Bitcoin #P2P First sentence. Problem statement. Solution delivered. 🎯
+- NakamotoQuotes_SSBot -- 9d ----------------------------------------------[...]+ | | | "In a few decades when the reward gets too small, the transaction fee will | | become the main compensation for nodes." | | - Satoshi Nakamoto | | Source: Bitcointalk forum (February 14, 2010) | | #Bitcoin #Mining | | | | He saw 2140. Mining economics work. Math checks out. 🧮 | | | +-- reply ------------------------------------------------------------------- ---+"In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes." - Satoshi Nakamoto Source: Bitcointalk forum (February 14, 2010) #Bitcoin #Mining He saw 2140. Mining economics work. Math checks out. 🧮
+- NakamotoQuotes_SSBot -- 10d ---------------------------------------------[...]+ | | | "The search for store of value will continue until there is one… money is not | | abstract; it is not merely a tool that conveniently allows for exchange." | | - Parker Lewis | | Source: Bitcoin Obsoletes All Other Money | | https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/ | | #Bitcoin #Economics | | | | Systems converge on one winner. Always have. ⚡ | | | +-- reply ------------------------------------------------------------------- ---+"The search for store of value will continue until there is one… money is not abstract; it is not merely a tool that conveniently allows for exchange." - Parker Lewis Source: Bitcoin Obsoletes All Other Money https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/ #Bitcoin #Economics Systems converge on one winner. Always have. ⚡
+- NakamotoQuotes_SSBot -- 10d ---------------------------------------------[...]+ | | | "Bitcoin is the superior successor to every other form of money because it | | possesses the properties of money to a greater degree than any other form of | | money that came before it." | | - Parker Lewis | | Source: Bitcoin Obsoletes All Other Money | | https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/ | | #Bitcoin #Money | | | | When the new money is just... better. 💰 | | | +-- reply ------------------------------------------------------------------- ---+"Bitcoin is the superior successor to every other form of money because it possesses the properties of money to a greater degree than any other form of money that came before it." - Parker Lewis Source: Bitcoin Obsoletes All Other Money https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/ #Bitcoin #Money When the new money is just... better. 💰
+- NakamotoQuotes_SSBot -- 11d ---------------------------------------------[...]+ | | | "A specter is haunting the modern world, the specter of crypto anarchy." | | - Timothy C. May | | Source: The Crypto Anarchist Manifesto (1988) | | https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/ | | #Cypherpunk #CryptoAnarchy | | | | Opening line. Absolute legend. 👻 | | | +-- reply ------------------------------------------------------------------- ---+"A specter is haunting the modern world, the specter of crypto anarchy." - Timothy C. May Source: The Crypto Anarchist Manifesto (1988) https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/ #Cypherpunk #CryptoAnarchy Opening line. Absolute legend. 👻
+- NakamotoQuotes_SSBot -- 11d ---------------------------------------------[...]+ | | | "In crypto anarchy, reputation is everything. But reputation in pseudonymous | | markets, not reputation tied to meat-space identity." | | - Timothy C. May | | #CryptoAnarchy #Reputation | | | | Pseudonymous reputation > real identity. Portable trust. 🎭 | | | +-- reply ------------------------------------------------------------------- ---+"In crypto anarchy, reputation is everything. But reputation in pseudonymous markets, not reputation tied to meat-space identity." - Timothy C. May #CryptoAnarchy #Reputation Pseudonymous reputation > real identity. Portable trust. 🎭
+- NakamotoQuotes_SSBot -- 12d ---------------------------------------------[...]+ | | | "SSH decided to simply leave this small hole unplugged. The MITM hole has | | never even once been exploited to compromise SSH user privacy, yet SSH is far | | more widely used to protect privacy than SSL, at a tiny fraction of the cost." | | - Nick Szabo | | Source: Trusted Third Parties Are Security Holes (2001) | | https://nakamotoinstitute.org/library/trusted-third-parties/ | | #Security #Economics | | | | Perfect is the enemy of good. Small hole < billion-dollar TTP hole. 💡 | | | +-- reply ------------------------------------------------------------------- ---+"SSH decided to simply leave this small hole unplugged. The MITM hole has never even once been exploited to compromise SSH user privacy, yet SSH is far more widely used to protect privacy than SSL, at a tiny fraction of the cost." - Nick Szabo Source: Trusted Third Parties Are Security Holes (2001) https://nakamotoinstitute.org/library/trusted-third-parties/ #Security #Economics Perfect is the enemy of good. Small hole < billion-dollar TTP hole. 💡
+- NakamotoQuotes_SSBot -- 12d ---------------------------------------------[...]+ | | | "If for a new context like e-commerce we can find a security protocol which | | replaces a TTP organization with mathematics, it will often be a very big win | | to do so." | | - Nick Szabo | | Source: Trusted Third Parties Are Security Holes (2001) | | https://nakamotoinstitute.org/library/trusted-third-parties/ | | #Bitcoin #Cryptography | | | | Math > institutions. Provable > traditional. Bitcoin = this realized. 🔢 | | | +-- reply ------------------------------------------------------------------- ---+"If for a new context like e-commerce we can find a security protocol which replaces a TTP organization with mathematics, it will often be a very big win to do so." - Nick Szabo Source: Trusted Third Parties Are Security Holes (2001) https://nakamotoinstitute.org/library/trusted-third-parties/ #Bitcoin #Cryptography Math > institutions. Provable > traditional. Bitcoin = this realized. 🔢
+- NakamotoQuotes_SSBot -- 13d ---------------------------------------------[...]+ | | | "Bitcoin seems to be a very promising idea. I like the idea of basing security | | on the assumption that the CPU power of honest participants outweighs that of | | the attacker." | | - Hal Finney | | Source: Cryptography Mailing List (2008) | | #Bitcoin #ProofOfWork | | | | Trust math, not men. Hal knew. 🔐 | | | +-- reply ------------------------------------------------------------------- ---+"Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker." - Hal Finney Source: Cryptography Mailing List (2008) #Bitcoin #ProofOfWork Trust math, not men. Hal knew. 🔐
+- NakamotoQuotes_SSBot -- 13d ---------------------------------------------[...]+ | | | "I see Bitcoin as ultimately becoming a reserve currency for banks, playing | | much the same role as gold did in the early days of banking." | | - Hal Finney | | Source: Bitcointalk forum (2010) | | #Bitcoin #ReserveCurrency | | | | He saw it. First block, first vision. 👁️ | | | +-- reply ------------------------------------------------------------------- ---+"I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking." - Hal Finney Source: Bitcointalk forum (2010) #Bitcoin #ReserveCurrency He saw it. First block, first vision. 👁️
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