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 NAKAMOTOYou could say coins are issued by the majority. They are issued in a limited, predetermined amount.
More Satoshi Nakamoto Quotes
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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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For greater privacy, it’s best to use bitcoin addresses only once.
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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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I’m sure that in 20 years there will either be very large transaction volume or no volume.
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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.
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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.
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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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Bitcoin isn’t currently practical for very small micropayments.
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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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Imagine if gold turned to lead when stolen.
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The Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead.
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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.
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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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The heat from your computer is not wasted if you need to heat your home.
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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.
SATOSHI NAKAMOTO