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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

Related Topics

Bitcoin Crypto Currency Electricity exchange Utility Waste

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

Bitcoin Crypto Currency Transcation Valid Version
Only people trying to create new coins would need to run network nodes.
SATOSHI NAKAMOTO

Coin Crypto Currency Network People
The Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Network
The heat from your computer is not wasted if you need to heat your home.
SATOSHI NAKAMOTO

Bitcoin Computer Crypto Currency Heat Home Inspirational Waste
Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.
SATOSHI NAKAMOTO

Bitcoin Commodity Crypto Currency Division Future Potential Stock
You could say coins are issued by the majority. They are issued in a limited, predetermined amount.
SATOSHI NAKAMOTO

Amount Bitcoin Limitation Majority
For greater privacy, it’s best to use bitcoin addresses only once.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Privacy
Imagine if gold turned to lead when stolen.
SATOSHI NAKAMOTO

Bitcoin Crypto Currency Gold Imagination One Liner Stole
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

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

Bitcoin Convenient Credit Want
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
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
When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.
SATOSHI NAKAMOTO

Asset Bitcoin Crypto Currency Price Share Market Supply

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