Only people trying to create new coins would need to run network nodes.
SATOSHI NAKAMOTO
The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste.
More Satoshi Nakamoto Quotes
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Only people trying to create new coins would need to run network nodes.
SATOSHI NAKAMOTO -
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.
SATOSHI NAKAMOTO -
Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.
SATOSHI NAKAMOTO -
Subscription sites that need some extra proof-of-work for their free trial so it doesn’t cannibalize subscriptions could charge bitcoins for the trial.
SATOSHI NAKAMOTO -
Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
SATOSHI NAKAMOTO -
Bitcoin generation should end up where it’s cheapest. Maybe that will be in cold climates where there’s electric heat, where it would be essentially free.
SATOSHI NAKAMOTO -
Imagine if gold turned to lead when stolen.
SATOSHI NAKAMOTO -
I’m sure that in 20 years there will either be very large transaction volume or no volume.
SATOSHI NAKAMOTO -
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If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.
SATOSHI NAKAMOTO -
For greater privacy, it’s best to use bitcoin addresses only once.
SATOSHI NAKAMOTO -
When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.
SATOSHI NAKAMOTO -
When there are multiple double-spent versions of the same transaction, one and only one will become valid.
SATOSHI NAKAMOTO -
You could say coins are issued by the majority. They are issued in a limited, predetermined amount.
SATOSHI NAKAMOTO -
The heat from your computer is not wasted if you need to heat your home.
SATOSHI NAKAMOTO -
Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.
SATOSHI NAKAMOTO