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
Only people trying to create new coins would need to run network nodes.
More Satoshi Nakamoto Quotes
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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 -
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 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 -
Only people trying to create new coins would need to run network nodes.
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 -
Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.
SATOSHI NAKAMOTO -
Bitcoin isn’t currently practical for very small micropayments.
SATOSHI NAKAMOTO -
I’m sure that in 20 years there will either be very large transaction volume or no volume.
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 -
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.
SATOSHI NAKAMOTO -
Imagine if gold turned to lead when stolen.
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 -
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 -
You could say coins are issued by the majority. They are issued in a limited, predetermined amount.
SATOSHI NAKAMOTO