Asanoha on Nostr: There’s a lot of people who need to remember that Satoshi created Bitcoin to ...
There’s a lot of people who need to remember that Satoshi created Bitcoin to separate money from state.
He very clearly said so in his first public announcement introducing the Bitcoin software after releasing the whitepaper in October 2008 and the genesis block in January 2009.
In a February 11, 2009 post on the P2P Foundation forum announcing the Bitcoin software, Satoshi wrote:
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. 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. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.”
https://satoshi.nakamotoinstitute.org/posts/p2pfoundation/1/Published at
2026-05-24 22:36:34 UTCEvent JSON
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"content": "There’s a lot of people who need to remember that Satoshi created Bitcoin to separate money from state.\n\nHe very clearly said so in his first public announcement introducing the Bitcoin software after releasing the whitepaper in October 2008 and the genesis block in January 2009. \n\nIn a February 11, 2009 post on the P2P Foundation forum announcing the Bitcoin software, Satoshi wrote:\n\n“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. 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. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.”\n\nhttps://i.nostr.build/89iQ9On0ae2cCuji.jpg https://i.nostr.build/SWuvnbjDP3XCFBi9.jpg https://i.nostr.build/nekIinaS6fAGu1aR.jpg https://i.nostr.build/bvXHBdrEQUsXqR1T.jpg\n\nhttps://satoshi.nakamotoinstitute.org/posts/p2pfoundation/1/",
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