Topic: Do you think satoshi expected bitcoin to be this big? - page 2. (Read 2395 times)
I have in fact read it.
My question is, if he expected bitcoin to have such a following.
I think he was pretty sure bticoin would either succeed or fail, there's no in between
his goal was to defeat the banking system, if i recall correctly. Even the genesis block mocks the bankers.
surely the only way to do that is if bitcoin becomes big, very big, much bigger than it is now.
which would make all of us rich, but that's not the goal, that's just a pleasant side-effect.
his goal was to defeat the banking system, if i recall correctly. Even the genesis block mocks the bankers.
surely the only way to do that is if bitcoin becomes big, very big, much bigger than it is now.
which would make all of us rich, but that's not the goal, that's just a pleasant side-effect.
He may of made it as a little side project just to have fun with or show his friends,
Or maybe he developed it to show off to huge multinational companies so he could make a profit.
But... Do you think satoshi expected bitcoin to have this much of a following?
Or maybe he developed it to show off to huge multinational companies so he could make a profit.
But... Do you think satoshi expected bitcoin to have this much of a following?
He had an idea that this kind of technology would get big. I think if he didn't think the idea would work, he would not spend much time on it.
A quote from 2009:
"I would be surprised if 10 years from now we're not using electronic currency in some way, "
We'll see what happens in 5 years
Well... By that rationale, the original thread was probably actually 20-40yrs earlier when researchers first realized that cryptographic value exchange over the internet, assuming consensus could be solved, was the holy-grail of money. Seems likely that Satoshi had been part of the discussion for a while.
I don't know what you're specifically implying with the 10yr thing, though (nor is it important, really).
I'm not implying anything. Satoshi was online and discussing bitcoin ten years earlier, if you're familiar with his more recent mails from a few years ago, the series of mails to cypherpunks/cryptography back in 98-99 will be familiar, for example this. There are plenty more earlier and later. As Adam Back says those were the discussions when he first started speaking to Satoshi over the internet. Of course he was likely around long before that as you say, as his ideas are already maturing by 99.
Pretty weak conjecture. Plenty of people have had ideas about digital currencies involving cryptographic systems over the years. They weren't all Satoshi and there is nothing in that quote that links to Bitcoin.
Thomas Edison proposed something similar. The idea is not new for sure but combining it with the internet is new and exciting.
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Well... By that rationale, the original thread was probably actually 20-40yrs earlier when researchers first realized that cryptographic value exchange over the internet, assuming consensus could be solved, was the holy-grail of money. Seems likely that Satoshi had been part of the discussion for a while.
I don't know what you're specifically implying with the 10yr thing, though (nor is it important, really).
I'm not implying anything. Satoshi was online and discussing bitcoin ten years earlier, if you're familiar with his more recent mails from a few years ago, the series of mails to cypherpunks/cryptography back in 98-99 will be familiar, for example this. There are plenty more earlier and later. As Adam Back says those were the discussions when he first started speaking to Satoshi over the internet. Of course he was likely around long before that as you say, as his ideas are already maturing by 99.
Wow.
I had no idea it went back that far...
This is really cool to see these nascent forms of Bitcoin concepts.
But how do you know anon is Satoshi? Did Adam Back say that? or what...
Well... By that rationale, the original thread was probably actually 20-40yrs earlier when researchers first realized that cryptographic value exchange over the internet, assuming consensus could be solved, was the holy-grail of money. Seems likely that Satoshi had been part of the discussion for a while.
I don't know what you're specifically implying with the 10yr thing, though (nor is it important, really).
I'm not implying anything. Satoshi was online and discussing bitcoin ten years earlier, if you're familiar with his more recent mails from a few years ago, the series of mails to cypherpunks/cryptography back in 98-99 will be familiar, for example this. There are plenty more earlier and later. As Adam Back says those were the discussions when he first started speaking to Satoshi over the internet. Of course he was likely around long before that as you say, as his ideas are already maturing by 99.
Pretty weak conjecture. Plenty of people have had ideas about digital currencies involving cryptographic systems over the years. They weren't all Satoshi and there is nothing in that quote that links to Bitcoin.
I don't think he could imagine what has come of bitcoin.
I think Satoshi had high hopes for bitcoin because he knew it works. He believed in it and knew it could be big, but wasn't sure how the public would react. Sometimes innovations fail, not because it was bad design, just bad marketing.
It is interesting to speculate for sure. I am not sure he thought it would the the one to go main stream and change the world but I do think he saw a future dominated by crypto currency.
He may of made it as a little side project just to have fun with or show his friends,
Or maybe he developed it to show off to huge multinational companies so he could make a profit.
But... Do you think satoshi expected bitcoin to have this much of a following?
Or maybe he developed it to show off to huge multinational companies so he could make a profit.
But... Do you think satoshi expected bitcoin to have this much of a following?
One of my favorite Satoshi Quotes:
"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. Once it gets bootstrapped, there are so many
applications if you could effortlessly pay a few cents to a
website as easily as dropping coins in a vending machine." - Satoshi Nakamoto
I think he very well knew what he was creating and the possibilities of this protocol.
And it seems that we are indeed bootstrapped at this point. I would not have said that 3 years ago.
He may of made it as a little side project just to have fun with or show his friends,
Or maybe he developed it to show off to huge multinational companies so he could make a profit.
But... Do you think satoshi expected bitcoin to have this much of a following?
Or maybe he developed it to show off to huge multinational companies so he could make a profit.
But... Do you think satoshi expected bitcoin to have this much of a following?
One of my favorite Satoshi Quotes:
"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. Once it gets bootstrapped, there are so many
applications if you could effortlessly pay a few cents to a
website as easily as dropping coins in a vending machine." - Satoshi Nakamoto
I think he very well knew what he was creating and the possibilities of this protocol.
Well... By that rationale, the original thread was probably actually 20-40yrs earlier when researchers first realized that cryptographic value exchange over the internet, assuming consensus could be solved, was the holy-grail of money. Seems likely that Satoshi had been part of the discussion for a while.
I don't know what you're specifically implying with the 10yr thing, though (nor is it important, really).
I'm not implying anything. Satoshi was online and discussing bitcoin ten years earlier, if you're familiar with his more recent mails from a few years ago, the series of mails to cypherpunks/cryptography back in 98-99 will be familiar, for example this. There are plenty more earlier and later. As Adam Back says those were the discussions when he first started speaking to Satoshi over the internet. Of course he was likely around long before that as you say, as his ideas are already maturing by 99.
Well... By that rationale, the original thread was probably actually 20-40yrs earlier when researchers first realized that cryptographic value exchange over the internet, assuming consensus could be solved, was the holy-grail of money. Seems likely that Satoshi had been part of the discussion for a while.
I don't know what you're specifically implying with the 10yr thing, though (nor is it important, really).
Of course you have proof for this claim right? You just saying something doesn't make it true.
Yes of course. Satoshi first started communicating about the project on cypherpunks around 98-99, discussing with Adam Back (hashcash), Wei Dai (b-money), RAH and others.
Check the archives yourself, look for mails from anonymous at replay
Of course you have proof for this claim right? You just saying something doesn't make it true.
Satoshi's original thread on the crypto mailing list?
The original thread was 10 years earlier.
Yes. I suspect she/he/it felt there was a significant likely hood that Bitcoin would grow this big or bigger. This would explain going to great trouble in-order to hide her/his/its identity.
But... Do you think satoshi expected bitcoin to have this much of a following?
He worked on it for ten years, released it with a 40-50 year timescale to allow for transaction volume to grow high enough that the fees could support the network.
Did that whitepaper look like it had been somebody getting lucky, or the well planned product of a decades work?
Awap expected for hoped or designed.
Scale up following exponentially from where we are today. This is infancy.
He may of made it as a little side project just to have fun with or show his friends,
Or maybe he developed it to show off to huge multinational companies so he could make a profit.
But... Do you think satoshi expected bitcoin to have this much of a following?
Or maybe he developed it to show off to huge multinational companies so he could make a profit.
But... Do you think satoshi expected bitcoin to have this much of a following?
he didnt make it just for fun
he didnt do it to show of a profit.
he did it because he hated th whole government financial status.. (see the quote in the genesis block) thats his inspiraction.
and with less then 0.02% of population using it.. this is not the exiting day to ask such a question, bitcoin is still small.. ask again in a couple years
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