Only people trying to create new coins would need to run network nodes.
SATOSHI NAKAMOTOI’m sure that in 20 years there will either be very large transaction volume or no volume.
More Satoshi Nakamoto Quotes
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For greater privacy, it’s best to use bitcoin addresses only once.
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When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.
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Imagine if gold turned to lead when stolen.
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I’m sure that in 20 years there will either be very large transaction volume or no volume.
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Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
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You could say coins are issued by the majority. They are issued in a limited, predetermined amount.
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Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.
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Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.
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Bitcoin addresses you generate are kept forever. A bitcoin address must be kept to show ownership of anything sent to it. If you were able to delete a bitcoin address and someone sent to it, the money would be lost.
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When there are multiple double-spent versions of the same transaction, one and only one will become valid.
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The Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead.
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The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.
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Bitcoin isn’t currently practical for very small micropayments.
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The heat from your computer is not wasted if you need to heat your home.
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Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have.
SATOSHI NAKAMOTO