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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.

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

Audience Description Hard Writing
Imagine if gold turned to lead when stolen.
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Bitcoin Crypto Currency Gold Imagination One Liner Stole
For greater privacy, it’s best to use bitcoin addresses only once.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Privacy
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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Bitcoin Crypto Currency Proof Subscription
The Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead.
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When there are multiple double-spent versions of the same transaction, one and only one will become valid.
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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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Only people trying to create new coins would need to run network nodes.
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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
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
You could say coins are issued by the majority. They are issued in a limited, predetermined amount.
SATOSHI NAKAMOTO

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

Bitcoin Crypto Currency Lifetime
Bitcoin isn’t currently practical for very small micropayments.
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

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