30 September 2010
Satoshi Nakamoto on Bitcoin Transactions: Wisdom from September 30, 2010
On September 30, 2010, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, shared insightful thoughts on the importance of transaction confirmations. Emphasizing the need to prioritize confirmed transactions, Satoshi underscored the significance of security and reliability in the Bitcoin network. This timeless advice continues to guide the cryptocurrency community in understanding the nuances of transaction processing and reinforces the foundational principles of Bitcoin's decentralized architecture. The quote states:
"We shouldn't be counting or spending transactions until they have at least 1 confirmation... unconfirmed transactions are very much second class citizens." - Satoshi
"We shouldn't be counting or spending transactions until they have at least 1 confirmation... unconfirmed transactions are very much second class citizens." - Satoshi