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

Satoshi Nakamoto

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Bitcoin Crypto Currency Donation Lost

Bagwalas

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Bitcoin isn’t currently practical for very small micropayments.
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The heat from your computer is not wasted if you need to heat your home.
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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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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.
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You could say coins are issued by the majority. They are issued in a limited, predetermined amount.
SATOSHI NAKAMOTO

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

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

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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

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

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Imagine if gold turned to lead when stolen.
SATOSHI NAKAMOTO

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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

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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.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Electricity exchange Utility Waste
When there are multiple double-spent versions of the same transaction, one and only one will become valid.
SATOSHI NAKAMOTO

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

Bitcoin Crypto Currency Donation Lost

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