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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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Amount Bitcoin Limitation Majority

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

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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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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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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

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Imagine if gold turned to lead when stolen.
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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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

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Bitcoin isn’t currently practical for very small micropayments.
SATOSHI NAKAMOTO

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

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I’m sure that in 20 years there will either be very large transaction volume or no volume.
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.
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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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

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