From here —
I’ll provide key quotes from Satoshi Nakamoto that reflect on the development and vision of Bitcoin, as per the document:
- On Bitcoin’s potential: “The root problem with conventional currency is all the trust that’s required to make it work.”
- Regarding security and privacy: “We should have a gentleman’s agreement to postpone the GPU arms race as long as we can for the good of the network.”
- On development challenges: “The design supports a tremendous variety of possible transaction types that I designed years ago. Escrow transactions, bonded contracts, third party arbitration, multi-party signature, etc.”
These quotes illustrate Satoshi’s foresight into the challenges and possibilities of creating a decentralized digital currency.