Topic: Resurrection of Satoshi Nakamoto - page 3. (Read 2403 times)
hardcore cypherpunks take their real identify to the grave ...
When 1 satoshi will be worth 1 cent, one bitcoin will be worth one million of dollars. If we rich such prices, that will be solely because there was a very high inflations in U.S. dollar, because that would be a marketcap of 16 000 billions, as big as the U.S. debt if I am not mistaken.
But sure if this happens, that will resurracte Satoshi Nakamoto and Lenin to crush capitalism !
But sure if this happens, that will resurracte Satoshi Nakamoto and Lenin to crush capitalism !
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
Why resurrection? is he/she dead?
He dont need to reveal himself/herself. let him/her enjoy the fruit of his/her technological invention. Being dead or alive can be different in computer science related discussions.
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
I don't see Satoshi coming out because of that. Its a great feat but that would mean 1bitcoin would worth as much as a million dollar which is far from reality. Even if that should happen, I still don't see Satoshi coming out but maybe those who wants to make us believe they are the ones behind it though. As at today, the price of bitcoin has witnessed a lot of improvement for some to come out compared to its price in the last 8 years but yet he didn't and I don't see that even happening.
1 mil for BTC is not far from reality. The point is this: if BTC want to be accepted as a main currency it must be able to provide around twice the total amount of "money" available and in circulation. With the current rate, in a decade that means $20 Tr putting each satoshi around 1 cent.
I agree Satoshi will not bother to come out of the public and ruin his safe and silent life right and and if I were Satoshi I would really do the same thing he did and I think this is the assurance that we would spend his quality time with his family and he is rich right now so why bother show himself to the public I think it would just ruin his peaceful life if his out and the world known his identity,
and also I really think Satoshi is not his real name and I think they really work in group and not just only one person.
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
How would you know? 
If he wanted to claim his identity he would already have done so, why wait till when a BTC is $1 Mil? Who knows? Satoshi may have a million of Bitcoins himself on hold, heheh...I guess we have to wait 5-10 years then...
https://www.cryptocoinsnews.com/bitcoin-will-hit-1-million-5-10-years-says-paypal-director/
If Satoshi predicted price of 1 BTC, he was brilliant. If I could be at his place, I would kept a large stock of BTC. Now he could be the richest man in the world. Satoshi Nakamoto may never reveal the price even Satoshi equals the dollar cent.
No. Bitcoin invention was a message. There is a reason why we have no half of a satoshi.
you do realize that Satoshi didn't name 0.00000001 as 1 satoshi and the community did right ?
Of course. The community did based on what was natural to realize 10^-8. And that was known to him.
apparently it wasn't as "natural" as you may think. the first suggestion was actually to use 0.01BTC as Satoshi
and also apparently 0.01BTC was the smallest unit that the interface showed
https://bitcointalksearch.org/topic/m.4415850
I read that. I did not know. Thank you. But I had the idea that 10^-8 was in those years was a natural depth for numbers.
-snip-
I read that. I did not know. Thank you. But I had the idea that 10^-8 was in those years was a natural depth for numbers.
I read that. I did not know. Thank you. But I had the idea that 10^-8 was in those years was a natural depth for numbers.
just to clarify "the depth" for numbers or the decimal places have always been 8 meaning 0.00000001 has always been valid.
what i said about 0.01BTC was just an interface thing meaning what the wallet GUI showed.
otherwise the code has always been the same. it actually is not in decimals it is a big integer which is then translated to bitcoin with decimal places and shown in the GUI.
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
I don't see Satoshi coming out because of that. Its a great feat but that would mean 1bitcoin would worth as much as a million dollar which is far from reality. Even if that should happen, I still don't see Satoshi coming out but maybe those who wants to make us believe they are the ones behind it though. As at today, the price of bitcoin has witnessed a lot of improvement for some to come out compared to its price in the last 8 years but yet he didn't and I don't see that even happening.
1 mil for BTC is not far from reality. The point is this: if BTC want to be accepted as a main currency it must be able to provide around twice the total amount of "money" available and in circulation. With the current rate, in a decade that means $20 Tr putting each satoshi around 1 cent.
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
I don't see Satoshi coming out because of that. Its a great feat but that would mean 1bitcoin would worth as much as a million dollar which is far from reality. Even if that should happen, I still don't see Satoshi coming out but maybe those who wants to make us believe they are the ones behind it though. As at today, the price of bitcoin has witnessed a lot of improvement for some to come out compared to its price in the last 8 years but yet he didn't and I don't see that even happening.
1 mil for BTC is not far from reality. The point is this: if BTC want to be accepted as a main currency it must be able to provide around twice the total amount of "money" available and in circulation. With the current rate, in a decade that means $20 Tr putting each satoshi around 1 cent.
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
Why resurrection? is he/she dead?
He dont need to reveal himself/herself. let him/her enjoy the fruit of his/her technological invention. No. Bitcoin invention was a message. There is a reason why we have no half of a satoshi.
you do realize that Satoshi didn't name 0.00000001 as 1 satoshi and the community did right ?
Of course. The community did based on what was natural to realize 10^-8. And that was known to him.
No. Bitcoin invention was a message. There is a reason why we have no half of a satoshi.
you do realize that Satoshi didn't name 0.00000001 as 1 satoshi and the community did right ?
Of course. The community did based on what was natural to realize 10^-8. And that was known to him.
apparently it wasn't as "natural" as you may think. the first suggestion was actually to use 0.01BTC as Satoshi
and also apparently 0.01BTC was the smallest unit that the interface showed
https://bitcointalksearch.org/topic/m.4415850
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
I don't see Satoshi coming out because of that. Its a great feat but that would mean 1bitcoin would worth as much as a million dollar which is far from reality. Even if that should happen, I still don't see Satoshi coming out but maybe those who wants to make us believe they are the ones behind it though. As at today, the price of bitcoin has witnessed a lot of improvement for some to come out compared to its price in the last 8 years but yet he didn't and I don't see that even happening.
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
I dubt at this, he wanted to stay anonymous. He didn't wanted to be recognized in the crypto world as a creator. He wanted bitcoin to be decetralized without that we ask him for everything. He might be living on some island now or in his home like always. Perhaps he didn't stashed that a lot of bitcoins to be able to be like a millionre till now. Maybe he is dead who knows....
These Satoshies posts never get old.
No. Bitcoin invention was a message. There is a reason why we have no half of a satoshi.
you do realize that Satoshi didn't name 0.00000001 as 1 satoshi and the community did right ?
Maybe, and if things happen same as that Op has quoted then majority of the users here in the forum were millionaires. Also the possibility is there to some extent, because bitcoin has got limitations in the mining of coins and continuously the adoption is increasing higher and higher. At some point only with the increased value the distribution is possible. Let's hope this happens.
no it won't!
the whole purpose of it was anonymity or possibly also privacy. so no matter how high or how low price goes or no matter what happens you shouldn't expect Satoshi to come forward ever.
Satoshi may spend the coins if some day mass adoption happens and everywhere bitcoin is accepted though.
the whole purpose of it was anonymity or possibly also privacy. so no matter how high or how low price goes or no matter what happens you shouldn't expect Satoshi to come forward ever.
Satoshi may spend the coins if some day mass adoption happens and everywhere bitcoin is accepted though.
No. Bitcoin invention was a message. There is a reason why we have no half of a satoshi. And there is a reason why we have 21 mil BTC.
Considering how volatile fiat is against the Bitcoin, it could happen at any time 
Seriously, there's no reason why this would happen. Satoshi's intention was clearly to avoid the publicity of being a major figure. Especially since a decentralised network shouldn't have a definitive leader except for during the early development phase.
You can't expect satoshi to reveal themselves, ever.
Seriously, there's no reason why this would happen. Satoshi's intention was clearly to avoid the publicity of being a major figure. Especially since a decentralised network shouldn't have a definitive leader except for during the early development phase.
You can't expect satoshi to reveal themselves, ever.
I know (and can convince myself) that reappearance of Satoshi Nakamoto or disclosure of his identity will be when and exactly when 1 satoshi=1 dollar cent.
How would you know? If he wanted to claim his identity he would already have done so, why wait till when a BTC is $1 Mil? Who knows? Satoshi may have a million of Bitcoins himself on hold, heheh...I guess we have to wait 5-10 years then...
https://www.cryptocoinsnews.com/bitcoin-will-hit-1-million-5-10-years-says-paypal-director/
no it won't!
the whole purpose of it was anonymity or possibly also privacy. so no matter how high or how low price goes or no matter what happens you shouldn't expect Satoshi to come forward ever.
Satoshi may spend the coins if some day mass adoption happens and everywhere bitcoin is accepted though.
the whole purpose of it was anonymity or possibly also privacy. so no matter how high or how low price goes or no matter what happens you shouldn't expect Satoshi to come forward ever.
Satoshi may spend the coins if some day mass adoption happens and everywhere bitcoin is accepted though.
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