data:,Happy New Year 2025!

data:,Happy New Year 2025

data:,Happy New Year 2024

data:,Happy New Year 2024!

data:,Happy New Year 2023!

data:,Happy New Year 2023

data:,The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price

data:,In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes

data:,It might make sense just to get some in case it catches on

data:,It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy

data:,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

data:,I don't believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network

data:,With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless

data:,When someone tries to buy all the world's supply of a scarce asset, the more they buy the higher the price goes

data:,Bitcoins

data:,It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value

data:,Make Ethereum cypherpunk again

data:,How does everyone feel about the B symbol with the two lines through the outside? Can we live with that as our logo?

data:,A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution

data:,Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity

data:,Bitcoin would be convenient for people who don't have a credit card or don't want to use the cards they have

data:,Total circulation will be 21,000,000 coins. It'll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years. first 4 years: 10,500,000 coins next 4 years: 5,250,000 coins next 4 years: 2,625,000 coins next 4 years: 1,312,500 coins etc... When that runs out, the system can support transaction fees if needed. It's based on open market competition, and there will probably always be nodes willing to process transactions for free

data:,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. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible

data:,The heat from your computer is not wasted if you need to heat your home

data:,Being open source means anyone can independently review the code. If it was closed source, nobody could verify the security. I think it's essential for a program of this nature to be open source