Only people trying to create new coins would need to run network nodes.
SATOSHI NAKAMOTOOnly people trying to create new coins would need to run network nodes.
SATOSHI NAKAMOTOYou could say coins are issued by the majority. They are issued in a limited, predetermined amount.
SATOSHI NAKAMOTOBitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have.
SATOSHI NAKAMOTOBitcoin 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 NAKAMOTOThe 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 NAKAMOTOWriting a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.
SATOSHI NAKAMOTOThe heat from your computer is not wasted if you need to heat your home.
SATOSHI NAKAMOTOSubscription 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 NAKAMOTOBitcoin isn’t currently practical for very small micropayments.
SATOSHI NAKAMOTOFor greater privacy, it’s best to use bitcoin addresses only once.
SATOSHI NAKAMOTOBitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.
SATOSHI NAKAMOTOThe Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead.
SATOSHI NAKAMOTOImagine if gold turned to lead when stolen.
SATOSHI NAKAMOTOLost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
SATOSHI NAKAMOTOIf you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.
SATOSHI NAKAMOTOWhen there are multiple double-spent versions of the same transaction, one and only one will become valid.
SATOSHI NAKAMOTO