- Nov/06/2008
Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
- Nov/08/2008
As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoins will be created every year in the future.
- Nov/14/2008
It's very attractive to the libertarian viewpoint if we can explain it properly. I'm better with code than with words though.
- Jan/03/2009 Most shocking was the one included in the genesis block:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
- Jan/11/2009
It's time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.
- Feb/11/2009
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.
- Feb/15/2009
Could be. They're talking about the old Chaumian central mint stuff, but maybe only because that was the only thing available. Maybe they would be interested in going in a new direction.
A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990's. I hope it's obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we're trying a decentralized, non-trust-based system.
- Feb/14/2010
Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.
- May/16/2010
When you generate a new bitcoin address, it only takes disk space on your own computer (like 500 bytes). It's like generating a new PGP private key, but less CPU intensive because it's ECC. The address space is effectively unlimited. It doesn't hurt anyone, so generate all you want.
- Jun/21/2010
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
- Jul/05/2010
Sorry to be a wet blanket. Writing a description for this thing for general audiences is bloody hard. There's nothing to relate it to.
- Jul/09/2010
When someone tries to buy all the world's supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It's great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. As the price keeps going up and up, some people keep holding out for yet higher prices and refuse to sell.
- Jul/29/2010
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
- Aug/04/2010
Bitcoin isn't currently practical for very small micropayments. Not for things like pay per search or per page view without an aggregating mechanism, not things needing to pay less than 0.01. The dust spam limit is a first try at intentionally trying to prevent overly small micropayments like that.
- Sep/19/2010
I keep a list of all unresolved bugs I've seen on the forum. In some cases, I'm still thinking about the best design for the fix. This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them.
- Dec/12/2010
It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.
Satoshi Nakamoto
Sources:
https://bitcointalk.org
http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source
https://coindiligent.com/interesting-quotes-satoshi-nakamoto
satoshinakamotoinstitute.org
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