data:,Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone

data:,I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party

data:,In this sense, it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases

data:,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

data:,It's the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. I think the case will be the same for Bitcoin. 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

data:,I've been working on bitcoin's design since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn't resist to keep thinking about it

data:,I've developed a new open source P2P e-cash system called Bitcoin. It's completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust

data:,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

data:,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

data:,If you don't believe it or don't get it, I don't have the time to try to convince you, sorry

data:,Merry Christmas!

data:,Happy New Years

data:,Happy New Years!

data:,Happy New Year!

data:,Happy New Year

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