Users can spend and receive Bitcoin without permission. — Satoshi Nakamoto

We can win a major battle in the arms race and gain a new territory of freedom for several years. — Satoshi Nakamoto

Bitcoin's open design encourages innovation and experimentation. — Satoshi Nakamoto

The initial distribution of coins is through mining rewards. — Satoshi Nakamoto

The open source nature of Bitcoin encourages community review and collaboration. — Satoshi Nakamoto

The cryptographic techniques used are well-tested and secure. — Satoshi Nakamoto

The system is resilient against denial-of-service attacks. — Satoshi Nakamoto

Bitcoin’s scripting system enables programmable transactions. — Satoshi Nakamoto

Simplified Payment Verification (SPV) allows payment verification without running a full network node. — Satoshi Nakamoto

The system is designed to be robust even if some nodes act maliciously. — Satoshi Nakamoto

The network nodes form a decentralized network without a central authority. — Satoshi Nakamoto

The proof-of-work difficulty is adjusted every 2016 blocks to keep the average time between new blocks at ten minutes. — Satoshi Nakamoto

Users maintain control of their private keys at all times. — Satoshi Nakamoto

Simplified Payment Verification (SPV) allows payment verification without running a full network node. — Satoshi Nakamoto

The network nodes form a decentralized network without a central authority. — Satoshi Nakamoto

We can win a major battle in the arms race and gain a new territory of freedom for several years. — Satoshi Nakamoto

Bitcoin solves the double-spending problem with a peer-to-peer network and proof-of-work. — Satoshi Nakamoto

The network is robust in its unstructured simplicity. — Satoshi Nakamoto

Bitcoin is a network of nodes collectively maintaining a ledger. — Satoshi Nakamoto

Nodes always accept the longest valid blockchain as the authoritative ledger. — Satoshi Nakamoto

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. — Satoshi Nakamoto

It’s the separation of money and state. — Satoshi Nakamoto

Mining difficulty adjusts to maintain a consistent rate of new blocks despite changes in total network hash power. — Satoshi Nakamoto

Bitcoin’s decentralized design removes single points of failure. — Satoshi Nakamoto

I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party. — Satoshi Nakamoto