He didn't cash out yet, so he's going ALL IN on his creation.
What do you say? Do you think that he will wait for couple of years and the withdraw every coin? It would be disastrous for bitcoin economy if he do that. Beside I think early adopters had slight advantage over everyone else and Satoshi is aware of that. He will let people believe in BTC this is the reason he won't touch these coins. 
Topic: Did Satoshi expect Bitcoin to last this long? - page 3. (Read 4461 times)
I think Satoshi had a passion and a dream and was in it to actually create something different and unique not to aim for money.
People that do business or invent for the sake of making money often fizz out, fail, or lose drive and move onto something else that can be another 'get rich quick scheme'
Bitcoin is so intricate and well formed that it seems that it is done by someone (or some group) that really had drive, innovation, and in the easiest form of explaining it 'vision' (Whatever that means these days).
He obviously was looking in the long run. Look how the rewards change over time
People that do business or invent for the sake of making money often fizz out, fail, or lose drive and move onto something else that can be another 'get rich quick scheme'
Bitcoin is so intricate and well formed that it seems that it is done by someone (or some group) that really had drive, innovation, and in the easiest form of explaining it 'vision' (Whatever that means these days).
He obviously was looking in the long run. Look how the rewards change over time
Well said. I agree a person who create something for money wont hold long. A person who create for society will hold very long.
I think Satoshi know Bitcoin will get so popular.
Satoshi was a visonary and he was sure that Bitcoin will last for long time, I can quote one of his quotes
"Aug. 5, 2010: While I don’t think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. … Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial."
"Aug. 5, 2010: While I don’t think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. … Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial."
He was certainly not an accurate visionary on the 5-year timescale. The storage and bandwidth requirements needed to use Bitcoin for micropayments do not seem trivial. Even in 10 years (4 from now) that seems doubtful.
Yes he was very close to being accurate and he still has 5 more years for that saying of his to come true which imo is possible with wide adoption of bitcoin, that being said, i will not be able to buy a gift card online in 2010 with 0.02BTC with all the transaction costs, but now it is totally possible as the costs of bandwidth and storage have gone down significantly and the value of bitcoin has grown from few cents to hundreds of dollars.
Satoshi was a visonary and he was sure that Bitcoin will last for long time, I can quote one of his quotes
"Aug. 5, 2010: While I don’t think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. … Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial."
"Aug. 5, 2010: While I don’t think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. … Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial."
He was certainly not an accurate visionary on the 5-year timescale. The storage and bandwidth requirements needed to use Bitcoin for micropayments do not seem trivial. Even in 10 years (4 from now) that seems doubtful.
Maybe 10-15 years from now, storage and bandwidth will be trivial. However, bitcoin will be so popular then, it needs more storage and bandwidth.
Satoshi was a visonary and he was sure that Bitcoin will last for long time, I can quote one of his quotes
"Aug. 5, 2010: While I don’t think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. … Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial."
"Aug. 5, 2010: While I don’t think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. … Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial."
He was certainly not an accurate visionary on the 5-year timescale. The storage and bandwidth requirements needed to use Bitcoin for micropayments do not seem trivial. Even in 10 years (4 from now) that seems doubtful.
Satoshi was a visonary and he was sure that Bitcoin will last for long time, I can quote one of his quotes
"Aug. 5, 2010: While I don’t think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. … Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial."
"Aug. 5, 2010: While I don’t think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. … Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial."
i do not think he did.
Of Course!
I read here in the forum that he was talking about years of duration for bitcoin
And he didn't make this drunk,this project must have been done with a huge amount of time before announcement
I read here in the forum that he was talking about years of duration for bitcoin
And he didn't make this drunk,this project must have been done with a huge amount of time before announcement
If you read his messages in the forum you will see that he had some hope that this would be a very long project that could revolutionize the world
I think Satoshi had a passion and a dream and was in it to actually create something different and unique not to aim for money.
People that do business or invent for the sake of making money
People that do business or invent for the sake of making money
All he did was make money. Bitcoin is money, and satoshi made it.
If we look at the history, we can see nothing BIG came as planned, and occurred by accident. Penicillin. So I think Satoshi himself(if there were ever one) was so much hopeless about bitcoin that he forgot to save his wallet, and now he can't recover his bitcoin.
I don't think satoshi expected anything. I guess he could see the potential but I'm not sure he would have envisioned what it would have become today. I think he regarded it as an experiment and I guess it still is but it would be nice to know his thoughts on certain things for sure.
I have the impression that bitcoin grows faster than internet in the first 5-6 years.
I think it will but the internet is a completely different beast to bitcoin and I don't think it will get as a big as the internet.
Well we can only think, and we wouldn't possibly be close to the truth. The thing is we don't know who Satoshi is, nor what kind of person he is. I do however think that he is satisfied on how his life work has turned out. He probably didn't expect it to grow this much.
I have the impression that bitcoin grows faster than internet in the first 5-6 years.
I think it will but the internet is a completely different beast to bitcoin and I don't think it will get as a big as the internet.
Well we can only think, and we wouldn't possibly be close to the truth. The thing is we don't know who Satoshi is, nor what kind of person he is. I do however think that he is satisfied on how his life work has turned out. He probably didn't expect it to grow this much.
I have the impression that bitcoin grows faster than internet in the first 5-6 years.
I think he didn't cause as you know he is developing bitcoin while he is drunk.
But accidently we make it this far, so why stop when you have something big?
But accidently we make it this far, so why stop when you have something big?
Just wondering what you guys think was this just a project that he made whilst being drunk in univeristy and decided to release it and it caught on fast or did he know that it was going to get this big?
I doubt that he was drunk when he was coding the bitcoin core, he was probably planning each line of code and each single feature carefully so the bitcoin core could work. If he made the project while he was drunk that would really impressive and he would probably be a genius IMO. Just wondering what you guys think was this just a project that he made whilst being drunk in univeristy and decided to release it and it caught on fast or did he know that it was going to get this big?
Satoshi has been predicting everything that would happen, from the big mining organizations and then mining becoming a thing that these organizations would deal with, to the next gen wifi technology that has literally been anounced ages ago that will solve the problem of the blocksize, so we don't even need to fork:https://www.mail-archive.com/[email protected]/msg09964.html
http://networks.nokia.com/news-events/press-room/press-releases/nokia-networks-showcases-5g-speed-of-10gbps-with-ni-at-the-brooklyn-5g-summit
If you aren't on this big time for long term you are literally insane, guy was a legitimate genius.
the answer is only one: yes, and you can tells that, by looking at the block reward structure, and i still think that satoshi is a code name for a group(a group could be only 2 persons) of talented coders
"he" also said that he expected the network to be controlled only by few farms, there is one quote from "him" saying this(i can't find it right now)
"he" also said that he expected the network to be controlled only by few farms, there is one quote from "him" saying this(i can't find it right now)
Sometimes I just think that how much brain they have put before even initiating it. I think he might be having a banking background as well as some software geek.
the answer is only one: yes, and you can tells that, by looking at the block reward structure, and i still think that satoshi is a code name for a group(a group could be only 2 persons) of talented coders
"he" also said that he expected the network to be controlled only by few farms, there is one quote from "him" saying this(i can't find it right now)
"he" also said that he expected the network to be controlled only by few farms, there is one quote from "him" saying this(i can't find it right now)
Well we can only think, and we wouldn't possibly be close to the truth. The thing is we don't know who Satoshi is, nor what kind of person he is. I do however think that he is satisfied on how his life work has turned out. He probably didn't expect it to grow this much.
First off, I think Satoshi did not think it would last that long, but still had that tiny hope that it would become a success, but not this big. He did plan out for it to be able to be mined over 100 years, as many had pointed out. I think he did realise that the world did not have something similar to Bitcoin, and thought that it needed it, so he had some assurance that it would be somewhat popular. But I don't think Satoshi expected Bitcoin to last this long. He would've thought it would fade away.
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