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

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.

Bitcoin isn’t currently practical for very small micropayments.

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.

Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.

The heat from your computer is not wasted if you need to heat your home.

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.

Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.

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.

For greater privacy, it’s best to use bitcoin addresses only once.

Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have.

When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.

If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.

Imagine if gold turned to lead when stolen.

Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.

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

I’m sure that in 20 years there will either be very large transaction volume or no volume.

The Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead.

Bitcoin and game of thrones are two of my favorite things.

The key to money management. It’s making a lot of money when you’re right and minimizing it when you’re wrong.

You could say coins are issued by the majority. They are issued in a limited, predetermined amount.

It’s liquidity that moves market.

If you’re extremely confident, taking a loss doesn’t bother you.

People have to start realizing that money is just a fiction, an idea.

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.