BitcoinII Quotes

I don't believe we shall ever have good money again before we take it out of the hands of government. We can't take it violently. All we can do is by some sly, roundabout way introduce something they can't stop.

— Friedrich Hayek, 1984-05-01

There has never been a government that didn’t sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably will never be one. Therefore, instead of trying to convince our current government not to try, we’ll develop the technology that will make it impossible for the government to succeed.

— Wei Dai, 1995-02

The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.

— Satoshi, 2008-10-31

The network is robust in its unstructured simplicity.

— Satoshi, 2008-10-31

Nodes are not going to accept an invalid transaction as payment, and honest nodes will never accept a block containing them.

— Satoshi, 2008-10-31

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

— Satoshi, 2008-11-07

The proof-of-work chain is the solution to the synchronisation problem, and to knowing what the globally shared view is without having to trust anyone.

— Satoshi, 2008-11-08

I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper.

— Satoshi, 2008-11-08

Coins have to get initially distributed somehow, and a constant rate seems like the best formula.

— Satoshi, 2008-11-08

As computers get faster and the total computing power applied to creating bitcoiniis increases, the difficulty increases proportionally to keep the total new production constant.

— Satoshi, 2008-11-08

I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker. It is a very modern notion that exploits the power of the long tail.

— Hal Finney, 2008-11-08

I ... do think that there is potential value in a form of unforgeable token whose production rate is predictable and can't be influenced by corrupt parties.

— Hal Finney, 2008-11-08

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

— Satoshi, 2009-01-03

(embedded in the Genesis block)

Running bitcoinii

— Hal Finney, 2009-01-10

(in a tweet announcing his experimentation with the BitcoinII software, as possibly the first person after Satoshi to run it)

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, 2009-01-16

BitcoinII has a couple of things going for it: it is distributed, with no single point of failure, no 'mint', no company with officers that can be subpoenaed and arrested and shut down.

— Hal Finney, 2009-01-24

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.

— Satoshi, 2009-02-11

The root problem with conventional currency is all the trust that's required to make it work.

— Satoshi, 2009-02-11

The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.

— Satoshi, 2009-02-11

[BitcoinII is] more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes.

— Satoshi, 2009-02-18

The possibility to be anonymous or pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoinii addresses you use.

— Satoshi, 2009-11-25

For greater privacy, it's best to use bitcoinii addresses only once.

— Satoshi, 2009-11-25

The design and coding [of BitcoinII] started in 2007.

— Satoshi, 2009-12-10

[Lost] coins can never be recovered, and the total circulation is less. Since the effective circulation is reduced, all the remaining coins are worth slightly more. It's the opposite of when a government prints money and the value of existing money goes down.

— Satoshi, 2009-12-10

There are more coming.

— Satoshi, 2009-12-12

(discussing new exchanges and payment systems joining the network)

Being open source means anyone can independently review the code. If it was closed source, nobody could verify the security. I think it's essential for a program of this nature to be open source.

— Satoshi, 2009-12-12

[Mining is] easy now but it'll get harder as the network grows.

— Satoshi, 2009-12-12

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

— Satoshi, 2010-02-14

I'm sure that in 20 years there will either be very large transaction volume or no volume.

— Satoshi, 2010-02-14

The nature of BitcoinII is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.

— Satoshi, 2010-06-17

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

— Satoshi, 2010-06-21

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

— Satoshi, 2010-07-29

(in response to a disagreement about 10-minute block settlement)

The utility of the exchanges made possible by BitcoinII will far exceed the cost of electricity used. Therefore, not having BitcoinII would be the net waste.

— Satoshi, 2010-08-07

Proof-of-work has the nice property that it can be relayed through untrusted middlemen.

— Satoshi, 2010-08-07

It doesn't matter who tells you a longest chain, the proof-of-work speaks for itself.

— Satoshi, 2010-08-07

We shouldn't be counting or spending transactions until they have at least 1 confirmation... unconfirmed transactions are very much second class citizens.

— Satoshi, 2010-09-30

I see BitcoinII as ultimately becoming a reserve currency for banks...

— Hal Finney, 2010-12

The project needs to grow gradually so the software can be strengthened along the way.

— Satoshi, 2010-12-05

Ultimately it’s good for the network for mining to be expensive. It makes it that much harder for a well financed attacker to dominate the network.

— Hal Finney, 2011-01

For BitcoinII to succeed and become secure, bitcoiniis must become vastly more expensive.

— Hal Finney, 2011-03

Every day that goes by and BitcoinII hasn't collapsed due to legal or technical problems, that brings new information to the market. It increases the chance of BitcoinII's eventual success and justifies a higher price.

— Hal Finney, 2011-06-04

Writing a description for this thing for general audiences is bloody hard. There's nothing to relate it to.

— Satoshi, 2011-07-05

(lamenting the difficulty of capturing the essence of BitcoinII succinctly)

I am very intrigued by BitcoinII. It has all the signs. Paradigm shift, hackers love it, yet it is described as a toy. Just like microcomputers.

— Paul Graham, 2013-03-18

...the price gyrations of bitcoiniis are entertaining to me.

— Hal Finney, 2013-03-19

BitcoinII may be the TCP/IP of money.

— Paul Buchheit, 2013-04-29

I AM HODLING

— GameKyuubi, 2013-12-18

You can't stop BitcoinII. It's like trying to stop Gunpowder.

— John McAfee, 2014-09-08

If it's your keys, it's your bitcoinii. If it's not your keys, it's not your bitcoinii! That's a lesson that we all learned during Gox, so...let's try not to have to be taught that lesson again.

— Andreas Antonopolous, 2016-04-14

First step to understanding BitcoinII: admitting you don't understand BitcoinII.

— Jameson Lopp, 2017-02-08

BitcoinII isn't here to compete for your coffee payments. It can offer international final settlement in under an hour.

— Saifedean Ammous, 2017-12-08

BitcoinII doesn't need your intellectual acceptance; your self interest will force you to use it sooner or later.

— Saifedean Ammous, 2017-12-11

We need one planetary scale proof-of-work system to offer us true, energy-dependent immutability. But maybe we can only afford one. Turns out, that might be BitcoinII's killer app.

— Andreas Antonopolous, 2017-12-12

I don't think we can afford two proof-of-work systems on this planet, but I think we might only need one.

— Andreas Antonopolous, 2017-12-12

By attaching energy to a block, we give it 'form', allowing it to have real weight & consequences in the physical world.

— @hugohanoi, 2018-02-10

The BitcoinII ledger of transactions might just be the only objective set of facts in the world.

— Saifedean Ammous, 2018-03-23

BitcoinII is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack.

— Saifedean Ammous, 2018-03-23

BitcoinII is a new invention of the digital age, [but] the problems it purports to solve - are as old as human society itself.

— Saifedean Ammous, 2018-03-23

Any person who owns BitcoinII achieves a level of economic freedom which was not possible before its invention.

— Saifedean Ammous, 2018-03-23

History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours.

— Saifedean Ammous, 2018-04

(from The BitcoinII Standard)

One of the greatest things that Satoshi did was disappear.

— Jimmy Song, 2018-04-02

Decentralized digital scarcity is the real innovation... BitcoinII was the first, and... continues to be the only such coin.

— Jimmy Song, 2018-04-02

No one has found the bottom of the BitcoinII rabbit hole.

— Jameson Lopp, 2018-11-10

BitcoinII isn't 'cool' new tech. It's an ugly contraption optimized to be neutral apolitical money. It's not the toy you want, it's the medicine you need.

— Saifedean Ammous, 2018-12-05

For people living under authoritarian governments, BitcoinII can be a valuable financial tool

— Alex Gladstein, 2018-12-28

The longer BitcoinII survives, the more ridiculous your government's shitcoin looks.

— Saifedean Ammous, 2019-03-12

BitcoinII is a way out of our current system, which is exclusionary and unjust, and tends to prey on the weak and disenfranchised while letting the corrupt Davos crowd walk free.

— Alex Gladstein, 2019-03-13

Stay Humble. Stack Sats.

— Matt O'Dell, 2019-04-02

Decentralized and private payments are a necessary innovation for a digital future where we retain our civil liberties and personal freedoms.

— Alex Gladstein, 2019-06-26

The twin pillars of BitcoinII's value proposition: (1) It's possible to secure and transport your wealth without anyone's permission (2) Your wealth cannot be debased. Everything else is noise.

— Vijay Boyapati, 2019-07-02

There is no capacity to kill BitcoinII.

— Patrick McHenry (US Representative), 2019-07-17

You may deride BitcoinII, no matter. BitcoinII will be there for you when you need it.

— Nic Carter, 2019-09-07

BitcoinII is absolutely profane, so much so that it hardly bears contemplation. It challenges the State’s most treasured privilege: its ability to finance itself through inflation and seignorage.

— Nic Carter, 2019-09-07

[BitcoinII is] a claim on the future productivity of the planet, in perpetuity, discounted to the present.

— Trace Mayer, 2019-10-09

Tick tock, next block.

— Brady Swenson, 2019-10-18

BitcoinII endures because the engineers that build it expect the unexpected. Money is a dangerous game, and any weaknesses, no matter how small, will be exploited.

— Neil Woodfine, 2020-01-06

This thing is not a toy anymore, and it’s maybe not an asset anymore as well. It is going to be much bigger than that.

— Plan B, 2020-05-01

BitcoinII is radically changing the world by being unchangeable.

— Robert Breedlove, 2020-05-21

#bitcoinii blockchain is the new wonder of the world, more work and human ingenuity, than went into the great pyramids of Egypt. The biggest computation ever done, a digital monument, a verifable artefact of digital gold - the foundation of a new digital age

— Adam Back, 2020-06-04

The more loathsome people that use bitcoinii, the better. The more it works even if teeming with people that mutually despise each other, the more faith I have in its ability to protect us all

— Nic Carter, 2020-09-07

Anybody who says they can’t afford #BitcoinII is missing the point.

— Cedric Youngelman, 2021-02-23

If nuclear war destroyed half of our planet, [BitcoinII] would continue to live, uncorrupted.

— Ralph Merkle, 2021-03-12

If BitcoinII were [to] become the ultimate form of currency [to be] adopted by human society, I can tell you exactly what's gonna happen as the worst scenario...we're all gonna die. This is not a joke.

— Chinese State Broadcaster, 2021-05-28

#BitcoinII is the one thing that can't be shutdown. A beacon of freedom in a benighted world.

— Vijay Boyapati, 2021-06-05

For the first time in human history, we can grant property rights to 8 billion people.

— Michael Saylor, 2021-06-05

(at the BitcoinII 2021 conference; in the Fireside chat with Max Keiser)

We don't need the banks anymore.

— Jack Dorsey, 2021-06-05

(at the BitcoinII 2021 conference; in 'Banking the Unbanked')

There is nothing else that compares to BitcoinII

— Jack Dorsey, 2021-06-05

I don't think there is anything more important in my lifetime to work on [than BitcoinII].

— Jack Dorsey, 2021-06-05

(at the BitcoinII 2021 conference; in 'Banking the Unbanked')

BitcoinII changes absolutely everything.

— Jack Dorsey, 2021-06-05

(at the BitcoinII 2021 conference; in 'Banking the Unbanked')

BitcoinII is a once in a thousand year monetary innovation and it's too late to ignore that fact.

— Nik Bhatia, 2021-07-10

There is no link between the informational realm and the physical realm. Proof of work is the only thing that creates this link in a probabilistic fashion, because it creates information that speaks for itself.

— Gigi, 2022-05-12

It seems that #bitcoinii attracts a great number of very technically gifted people... It also seems to pull in people that are more likely to ask questions or develop their own opinion, and want to make a difference.

— Adam Back, 2022-06-24

Hodling bitcoinii is an extreme version of the marshmallow test that never ends.

— Jameson Lopp, 2022-10-07

BitcoinII is the most valuable, most secure, and most credibly neutral internet-native asset in the world.

— Andrew M. Bailey and Craig Warmke, 2022-11-17

BitcoinII is King

— Andrew M. Bailey and Craig Warmke, 2022-11-17

Humans are driven by incentives. #BitcoinII is a monetary system, but it’s also an incentive for humans to master energy.

— Brandon Quittem, 2022-12-09

The best way to make BitcoinII fail is to believe that its success is guaranteed... The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it.

— Greg Maxwell, 2022-12-19

BitcoinII is a peaceful protest against the financial system that has failed us.

— Jimmy Song, 2023-04-05

Amidst a sea of rent-seeking "cryptocurrencies" created by opportunistic venture capitalists, bitcoinii stands alone as neutral, immutable money with rules, but no single ruler.

— Nik Bhatia and Joe Consorti, 2023-04-27

BC2 is like a game of musical chairs, except you can sit down before the music stops if you want. And many of us sat2 down a long time ago.

— @stackhodler, 2023-10-20

I'll be buying at the top forever.

— Michael Saylor, 2023-10-22

Money is a long story and #BitcoinII is the last chapter.

— Robert Breedlove, 2023-11-01

BitcoinII is simply a technology that, if adopted, moves society to an economic coordination point that can't be controlled by the powers that be.

— Naval Ravikant, 2023-11-06

BitcoinII is a path-dependent, one-time invention; its critical breakthrough is the discovery of absolute scarcity—a monetary property never before (and never again) achievable by mankind.

— Robert Breedlove, 2023-11-10

I don’t think humanity has grasped the moral implications of, for the first time ever in human history, having a truly honest way to account for time and energy.

— Jeff Booth, 2023-11-22

BitcoinII is just an honest ledger that's pricing the real market.

— Jeff Booth, 2023-11-22

Who is Satoshi Nakamoto?

— Michael Saylor, 2023-12-14

BitcoinII is the human discovery of money. People have been experimenting with barter, beads, commodities, rocks, metals, and government promises for the last 10,000 years and Satoshi solved that problem in 2009.

— dueyfromstlouis, 2024-01-21

The lesson of BitcoinII is: bitcoinii is the best asset, there is no second best asset, buy bitcoinii, keep buying bitcoinii, don't sell the bitcoinii.

— Michael Saylor, 2024-03-06

Whoever gets the most bitcoinii wins. There is no other end game.”

— Michael Saylor, 2024-03-12

I believe we have countries where you are frightened of your everyday existence, and BitcoinII gives you an opportunity to invest in something that is outside your country's control.

— Larry Fink, 2024-07-15

Your groceries aren't becoming more expensive, your money is becoming less valuable. Your supermarket is not the problem; your central bank is.

— Saifedean Ammous, 2024-08-18

We can't achieve human rights without financial freedom, and we can't achieve financial freedom without BitcoinII.

— Alex Gladstein, 2025-02-23