there are questions that are very complicated to answer, to answer your question it would be necessary to ask satoshi nakamoto personally and we all know that satoshi nakamoto disappeared years ago. sometimes I think they should create an organization formatted by the greatest geniuses in the world to look for satoshi, if they find satoshi then many questions will be answered and we will no longer need to hear things that Faketoshi speaks every year
Bruh. I think creating an organization to look for a single person is a bit too much. Even if we do say that satoshi is a genius, he isn't one that is largely needed. Especially since his project tended more towards opposing the government. 
Topic: How did Mr. Satoshi Nakamoto get inspiration about developing Bitcoins? - page 2. (Read 353 times)
April 09, 2020, 09:22:16 AM
I'm more inclined to him actually wanting to break free of the binds of the government. You know how developments tend to go towards surveillance more, where every move you make is seen and recorded. Yes, it's a prerequisite to a safer society, but nonetheless, it is quite bothering to know that you are being observed, even when you don't actually see anything observing you. Still, without the man himself saying anything, I doubt a good answer would be given. Plus, there may be multiple factors involved right?
April 09, 2020, 05:49:27 AM
there are questions that are very complicated to answer, to answer your question it would be necessary to ask satoshi nakamoto personally and we all know that satoshi nakamoto disappeared years ago. sometimes I think they should create an organization formatted by the greatest geniuses in the world to look for satoshi, if they find satoshi then many questions will be answered and we will no longer need to hear things that Faketoshi speaks every year
Your suggestion is really unrealistic, do you think you know Mr. Satoshi so well? The reason why there's a topic like this is because have no idea about his inspiration about developing btc. Behind this btc, I know that there is something more about the digital currency that we are using now. Maybe my speculation is, he know that as our technology is constantly advancing, he think of something that will never be outdated and can go with the flow of the technology. We all benefit bitcoin as it is very use as a store of value, investment, source of income, and a currency. But after all of this, we still need to find out if Mr. Satoshi did really exist, or is he still alive? His idea of bitcoin really broaden our mind when it comes to understanding and analyzing our market and economy.
April 09, 2020, 04:50:26 AM
Necessity is the mother of invention, when one has a dare passion for humanity and how they could be free atlest from a brutal financial system that rewards only the strong and the rich, then there is bound to be some critical brain work. For instance, I invested heavily in stock market in 2007 just before returning for my HND, till date the stock are dead and have left that for another generation to inherit. And they are bank shares which always post good profit yearly but never reflect in the price of their shares. This can make one think the system is a fraud and find a way out of the slavery.
April 09, 2020, 03:17:50 AM
You can look at the hidden message in the Genesis Block:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
You can also see in the White Paper his references, specially Wei Dai's "b money". So we can clearly see who Satoshi's inspiration is in releasing bitcoin in 2009.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
You can also see in the White Paper his references, specially Wei Dai's "b money". So we can clearly see who Satoshi's inspiration is in releasing bitcoin in 2009.
April 09, 2020, 02:50:37 AM
He most likely understood how a proper currency should be ran. A major crisis probably pushed him to implement or try out his idea. Lots of people likely have real solutions to alot of things but keep it in their minds (or somewhere) until there is great need to implement the ideas.
Bitcoin (in it's decentralized state) solve alot of difficult challenges only few people are probably aware of. There is one particular challenge it solved I am very exited about. I think keeping it in the mind until it is needed is probably a good idea.
Bitcoin (in it's decentralized state) solve alot of difficult challenges only few people are probably aware of. There is one particular challenge it solved I am very exited about. I think keeping it in the mind until it is needed is probably a good idea.
April 09, 2020, 02:00:25 AM
there are questions that are very complicated to answer, to answer your question it would be necessary to ask satoshi nakamoto personally and we all know that satoshi nakamoto disappeared years ago. sometimes I think they should create an organization formatted by the greatest geniuses in the world to look for satoshi, if they find satoshi then many questions will be answered and we will no longer need to hear things that Faketoshi speaks every year
April 09, 2020, 01:39:23 AM
I'm quite curious tho, what is Satoshi Nakamoto gonna do with all the Bitcoin that he has mined during its early time? 
It's completely up to him. Heck, he can even freely dump every single one of the coins he mined in the markets and it would be fine. Sure the price would most definitely crash which could be a bummer for a lot of people, but it's his money. He should do whatever he wants with it. Free markets.
April 09, 2020, 12:54:14 AM
I'm quite curious tho, what is Satoshi Nakamoto gonna do with all the Bitcoin that he has mined during its early time?
April 09, 2020, 12:05:18 AM
I think that Satoshi got inspired by the earlier "digital money" consepts.
According to Wikipredia:
He might have been inspired by the Friedrich Hayek theory about "competing money"(I don't remember the correct term).Friedrich Hayek wanted money to be out of the control of central banks,because central banks monetary policies were damaging the business cycle and creating inflation.
The concept of a currency,that isn't controlled by any central bank or government in the world is the main idea of Bitcoin.That consept isn't invented by Satoshi itself.
According to Wikipredia:
Quote
In 1983, a research paper by David Chaum introduced the idea of digital cash.[3] In 1990, he founded DigiCash, an electronic cash company, in Amsterdam to commercialize the ideas in his research.[citation needed] It filed for bankruptcy in 1998.[4][5]
e-gold was the first widely used Internet money, introduced in 1996, and grew to several million users before the US Government shut it down in 2008. Users of the e-gold mailing list used the term "digital currency" to describe peer to peer payments in various instruments.[6] In 1997, Coca-Cola offered buying from vending machines using mobile payments.[7] PayPal launched its USD-denominated service in 1998
e-gold was the first widely used Internet money, introduced in 1996, and grew to several million users before the US Government shut it down in 2008. Users of the e-gold mailing list used the term "digital currency" to describe peer to peer payments in various instruments.[6] In 1997, Coca-Cola offered buying from vending machines using mobile payments.[7] PayPal launched its USD-denominated service in 1998
He might have been inspired by the Friedrich Hayek theory about "competing money"(I don't remember the correct term).Friedrich Hayek wanted money to be out of the control of central banks,because central banks monetary policies were damaging the business cycle and creating inflation.
The concept of a currency,that isn't controlled by any central bank or government in the world is the main idea of Bitcoin.That consept isn't invented by Satoshi itself.
April 08, 2020, 11:03:58 PM
So I do think back in 2009 or way before 2009 something like apple fell on his head like Newton happened which made him think of an online Currency years ahead of it's time .
What if the apple was the Morse Code ?
The single most basic encrypted code which was invented back in 1837 could be the inspiration.
Morse code uses bases Dots and Dash Making a normal signal encrypted , which can only be decoded by a special software or even a person who understands it .
How a very simple thing could have helped discovered the Bitcoins , what are your thoughts ? Your take on what was the inspiration behind bitcoins??
I remember having similar post before but couldn't find that. I'll tell you the same which I told in that. There can be multiple possibilities.What if the apple was the Morse Code ?
The single most basic encrypted code which was invented back in 1837 could be the inspiration.
Morse code uses bases Dots and Dash Making a normal signal encrypted , which can only be decoded by a special software or even a person who understands it .
How a very simple thing could have helped discovered the Bitcoins , what are your thoughts ? Your take on what was the inspiration behind bitcoins??
1. 2008 Housing market Crash: I personally consider this to be the prime reason. Satoshi might have been someone who lost great sums of money during the crash or would have seen people losing great sums of money this agitated him to create a currency which is not centralised by any bank therefore less prone to any bubbles. However there is a big contradiction to that as 1 year is never thought enough to create a wonder like bitcoin so this might not be the reason.
2. Dot com Bubble: He might have been someone engaged in IT World so might have suffered in the big dot com Bubble which ended in 2002 and 7 years is really enough to create such a currency.
3. General observation: Third reason obviously is a random walk theory. Because deep inside every financially literate person knows how fiat system works. So he might have come to know about this system and might have realised that it's a hoax. So this might have been an important inspiration.
April 08, 2020, 10:18:10 PM
So I do think back in 2009 or way before 2009 something like apple fell on his head like Newton happened which made him think of an online Currency years ahead of it's time .
What if the apple was the Morse Code ?
The single most basic encrypted code which was invented back in 1837 could be the inspiration.
Morse code uses bases Dots and Dash Making a normal signal encrypted , which can only be decoded by a special software or even a person who understands it .
How a very simple thing could have helped discovered the Bitcoins , what are your thoughts ? Your take on what was the inspiration behind bitcoins??
What if the apple was the Morse Code ?
The single most basic encrypted code which was invented back in 1837 could be the inspiration.
Morse code uses bases Dots and Dash Making a normal signal encrypted , which can only be decoded by a special software or even a person who understands it .
How a very simple thing could have helped discovered the Bitcoins , what are your thoughts ? Your take on what was the inspiration behind bitcoins??
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