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Only people trying to create new coins would need to run network nodes.

Satoshi Nakamoto

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Coin Crypto Currency Network People

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Only people trying to create new coins would need to run network nodes.
SATOSHI NAKAMOTO

Coin Crypto Currency Network People
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

Believe Bitcoin Convince Crypto Currency Sorry Time
Bitcoin isn’t currently practical for very small micropayments.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Practical
Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.
SATOSHI NAKAMOTO

Audience Description Hard Writing
For greater privacy, it’s best to use bitcoin addresses only once.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Privacy
You could say coins are issued by the majority. They are issued in a limited, predetermined amount.
SATOSHI NAKAMOTO

Amount Bitcoin Limitation Majority
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

Bitcoin Cheap Climate Cold Generation Heat
I’m sure that in 20 years there will either be very large transaction volume or no volume.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Transaction Volume
The heat from your computer is not wasted if you need to heat your home.
SATOSHI NAKAMOTO

Bitcoin Computer Crypto Currency Heat Home Inspirational Waste
Imagine if gold turned to lead when stolen.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Gold Imagination One Liner Stole
The Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Network
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

Bitcoin Crypto Currency Lifetime
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

Bitcoin Convenient Credit Want
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

Bitcoin Crypto Currency Proof Subscription
Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.
SATOSHI NAKAMOTO

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When there are multiple double-spent versions of the same transaction, one and only one will become valid.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Transcation Valid Version

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