For greater privacy, it’s best to use bitcoin addresses only once.
SATOSHI NAKAMOTOThe 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.
More Satoshi Nakamoto Quotes
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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.
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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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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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When there are multiple double-spent versions of the same transaction, one and only one will become valid.
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Imagine if gold turned to lead when stolen.
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Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.
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When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.
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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.
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Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
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The Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead.
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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.
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You could say coins are issued by the majority. They are issued in a limited, predetermined amount.
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Only people trying to create new coins would need to run network nodes.
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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 heat from your computer is not wasted if you need to heat your home.
SATOSHI NAKAMOTO