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.
Topic: Did Satoshi expect Bitcoin to last this long? - page 5. (Read 4461 times)
Sure he did.
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
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?
It gets better and better ... What next? He coded it whilst sitting on the toilet one night?
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?
It gets better and better ... What next? He coded it whilst sitting on the toilet one night?
He probably did. I mean the guy used various decentralised services to hide his identify whilst working on the project. Even years after he's gone, we still can not figure out, or confirm his true identity.
Maybe he was soooo drunk that even he forgot his name thus no one can find him
in all serious though he def was drunk whilst doing this this project took years to plan and execute and he def expected it to get to this and beyond.
He probably did. I mean the guy used various decentralised services to hide his identify whilst working on the project. Even years after he's gone, we still can not figure out, or confirm his true identity.
I doubt that Satoshi was yet another drunk bloke on a university.
If he did this while drunk, then he must be the most brilliant mind of all times.
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?
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