niktitan132 (OP)
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January 18, 2015, 03:50:06 PM |
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My favorite quote from Satoshi Nakamoto is : 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. Which is yours?
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Madness
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January 18, 2015, 04:05:31 PM |
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Small words with huge meanings , Satoshi <3 He said that on Feb. 14, 2010 btw I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.
and this one on June 21, 2010 : Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
one I liked the most on the 3 of them : Sorry to be a wet blanket. Writing a description for (bitcoin) for general audiences is bloody hard. There’s nothing to relate it to.
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dmugetsu
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January 18, 2015, 04:25:28 PM |
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''Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.''
It's suitable for our condition now
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LiteCoinGuy
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In Satoshi I Trust
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January 18, 2015, 04:25:57 PM |
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"May the Force be with you."
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Cøbra
Bitcoin.org domain administrator
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January 18, 2015, 04:29:02 PM |
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LiteCoinGuy
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In Satoshi I Trust
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January 18, 2015, 05:04:22 PM |
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“Be the change that you wish to see in the world.”
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Ghepetto
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January 18, 2015, 05:07:03 PM |
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July 29, 2010:
"If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry."
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--------------------Bagholder Extraordinaire--------------------
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DannyHamilton
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January 18, 2015, 07:31:04 PM |
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Do we really need another thread like this? Can't you just add your favorite quote to one of the dozens of identical threads that already exist? For example, just lock this thread and post your favorite quote here: https://bitcointalk.org/index.php?topic=877568.0Anyhow, here's my post from that thread: I've always liked the way this one makes it clear that consolidation in the mining industry was the plan from the beginning: I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it's not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions.
At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.
This one echos the same sentiment: The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
But I think one of my all time favorites is: If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
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jaberwock
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January 18, 2015, 07:42:40 PM |
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"If you’re sad about paying (a transaction) fee, you could always turn the tables and run a node yourself and maybe someday rake in a 0.44 fee yourself."
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juju
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January 19, 2015, 12:44:22 AM |
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My favorite quote from Satoshi Nakamoto is : 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. Which is yours? "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." - Satoshi Nakamoto
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Brewins
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January 19, 2015, 01:45:12 AM |
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"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
(reason why I don't cheerleader BTC in real life)
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MicroGuy
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Twitter @realmicroguy
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January 19, 2015, 02:20:59 AM |
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"I'm starting with the man in the mirror, I'm asking him to make a change."
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jaberwock
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January 19, 2015, 02:33:28 AM |
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Best BTC description ever. Will use it if/when I need to explain people: As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties: - boring grey in colour - not a good conductor of electricity - not particularly strong, but not ductile or easily malleable either - not useful for any practical or ornamental purpose
and one special, magical property: - can be transported over a communications channel
If it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it.
Maybe it could get an initial value circularly as you've suggested, by people foreseeing its potential usefulness for exchange. (I would definitely want some) Maybe collectors, any random reason could spark it.
I think the traditional qualifications for money were written with the assumption that there are so many competing objects in the world that are scarce, an object with the automatic bootstrap of intrinsic value will surely win out over those without intrinsic value. But if there were nothing in the world with intrinsic value that could be used as money, only scarce but no intrinsic value, I think people would still take up something.
(I'm using the word scarce here to only mean limited potential supply)
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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January 19, 2015, 03:00:02 AM |
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"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
(reason why I don't cheerleader BTC in real life)
hmmm anyway.... i love that quote too
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jehst
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January 19, 2015, 03:10:46 AM |
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"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
Also my favorite. Here's another good one: "I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume."
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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Billbags
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Brainwashed this way
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January 19, 2015, 03:30:22 AM |
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"That means a lot coming from you, Hal. Thanks."
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dunand
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January 19, 2015, 04:44:52 AM |
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WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.
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mymenace
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Smile
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January 19, 2015, 05:56:42 AM |
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I'll be back
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