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Cooling DownSnapshot Window: 2026-07-15 01:00 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
On this day in history, 16 years ago, Satoshi Nakamoto explained the most confusing, but beautifully simple mathematical idea that secures the entire Bitcoin mining system, “There’s no such thing as being 1% towards solving a block. You don’t make progress towards solving it.”
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AI visual note: A screenshot of a Bitcointalk forum post by Satoshi Nakamoto dated July 14, 2010, titled "Re: Hash/sec Throttling for Democracy," in which Satoshi explains the probabilistic nature of Bitcoin mining by clarifying that there is "no such thing as being 1% towards solving a block" and comparing it to flipping 37 coins at once.