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Topic: Satoshi a rather unique event. (Read 2261 times)

hero member
Activity: 518
Merit: 500
January 11, 2014, 09:40:09 PM
#32
The creators of MasterCoin, PeerCoin and NXTcoin have all done just that. Without going to any venture capitalist, old money hoarder, they have created wealth and systems that benefit humanity speculators, crooks and con artists in huge ways yet provide immense wealth profit for the creators too.

That, corrected for you.

lol, yes, cynical but oh so true Wink
hero member
Activity: 547
Merit: 531
First bits: 12good
January 11, 2014, 07:19:43 PM
#31
He is a modern day superhero.

hmm that reminds me of Hiro Nakamura  Roll Eyes
vip
Activity: 756
Merit: 504
January 11, 2014, 06:22:49 PM
#30
The creators of MasterCoin, PeerCoin and NXTcoin have all done just that. Without going to any venture capitalist, old money hoarder, they have created wealth and systems that benefit humanity speculators, crooks and con artists in huge ways yet provide immense wealth profit for the creators too.

That, corrected for you.
vip
Activity: 756
Merit: 504
January 11, 2014, 06:18:28 PM
#29
Well the invention of bitcoin has allowed a number of speculators people to profit from save millions of dollars through almost free transactions. If you don't want to call the a major contribution then I'm not sure what to tell you.

That, corrected for you.
hero member
Activity: 1036
Merit: 500
January 11, 2014, 05:42:06 PM
#28
He is obviously super intelligent and would have no problem earning a high salary in nearly any field of his choice.

So, Satoshi doesnt need his Bitcoins. Hes already very well off and being highly intelligent and fairly nerdy, probably not of the lambo-yacht buying breed.

My guess is he will use his Bitcoins to help humanity, by giving them to charities. Basically like Bill gates, but anonymous. He is a modern day superhero.
newbie
Activity: 41
Merit: 0
January 11, 2014, 01:11:08 PM
#27
He will wait until there is a platform that you can move bitcoin without being traced, before he take them out and spend.
Or he probably is currently developing one right now.
hero member
Activity: 680
Merit: 500
January 11, 2014, 12:10:52 PM
#26
He could have sold private keys contractually with a wait agreement. Nobody has proof that Satoshi's original coins are still under his control, as such they may well be under somebody else's.
sr. member
Activity: 686
Merit: 251
I'm investigating Crypto Projects
January 11, 2014, 11:30:28 AM
#25
To me Satoshi is #2 after Tesla but right up there! If there is 1 thing that gives us great hope is killing the evil that central banks are they are the source of most of the misery on this planet and Satoshi found a way to start chipping away at them! Tesla tried to give us free energy, and if he had computers and the internet back then I'm sure he would by for decentralized money!
newbie
Activity: 38
Merit: 0
January 11, 2014, 09:02:21 AM
#24
Here's another fun thought... Satoshi is not the only person to do something like this... only the first.  Peer to peer, encrypted systems can and will change everything... and some early adopter nerd types just got bankrolled by playing with Bitcoin a few years ago.  They can retire and do fun projects now, inspired by Satoshi's breakthrough.  Bitcoin is the tip of the iceberg, but the very best thing to happen first along these lines.

I concur. What Satoshi has done is create a morpho-genetic field on how to allow to crowd-source the middle-man. Its like breaking the 4 min mile barrier. Once it was done, then a lot of people started doing it. Bitcoin was that effort that broke through a barrier, but it learnt from everything before it that didn't. And now, the innovation is on the side of open systems that are in the best interest of people rather than the middle-men.

The creators of MasterCoin, PeerCoin and NXTcoin have all done just that. Without going to any venture capitalist, old money hoarder, they have created wealth and systems that benefit humanity in huge ways yet provide immense wealth for the creators too.

legendary
Activity: 2632
Merit: 1023
January 11, 2014, 07:40:11 AM
#23
This is very valid point ... it is now possible for a single idea, implementation to completely change the world and upend the reigning power structures ... and it could happen anytime again in the future. No more can the incumbents feel so comfortable that better idea/technology is only one good coding away from tossing them into the biin of history.

Satoshi makes Zuckerberg and Gates look like pikers, imho. Social networks? OS? meh ... let's overhaul money.

exactly, satoshi has put them in the shade. Very dark shade
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
January 11, 2014, 06:21:39 AM
#22
This is very valid point ... it is now possible for a single idea, implementation to completely change the world and upend the reigning power structures ... and it could happen anytime again in the future. No more can the incumbents feel so comfortable that better idea/technology is only one good coding away from tossing them into the biin of history.

Satoshi makes Zuckerberg and Gates look like pikers, imho. Social networks? OS? meh ... let's overhaul money.
legendary
Activity: 2632
Merit: 1023
January 11, 2014, 05:58:10 AM
#21
Agreed. For someone or some group to make millions while not really contributing to anything, he certainly does take the cake.

Bitcoin either has value or it doesn't. If he hasn't contributed anything, he hasn't made millions. But he has, so he has.



What exactly is the contribution he's made.

I wish bitcoin was centralized right now so we can take your bitcoin away. See this is exactly why I hate mainstream, keep Satoshi alive in spirit! PLEASE.

I know, I know, the masses....

Its called the blockchain, useizeable wallet / wealth, no counter party risk, distributed opt in, store of value, multi sig all open source.
member
Activity: 98
Merit: 10
January 10, 2014, 11:03:14 PM
#20
Agreed. For someone or some group to make millions while not really contributing to anything, he certainly does take the cake.

Bitcoin either has value or it doesn't. If he hasn't contributed anything, he hasn't made millions. But he has, so he has.



What exactly is the contribution he's made.

He invented a cryptocurrency - in fact the first of its kind. You might have heard of it. Also, the point I was making, which you seemed not to grasp, is that his wealth IS IN THAT CRYPTOCURRENCY. So he doesn't actually have a huge amount of wealth unless Bitcoins are valuable. And if they are valuable, that answers your question of what he has contributed. Do keep up.



At 850 USD a bitcoin, I'd call that pretty damn valuable.

I haven't made you angry, have I?
newbie
Activity: 47
Merit: 0
January 10, 2014, 11:00:06 PM
#19
satoshi is interesting only because it is anonymous. could be first anonymous billionaire although it would be by definition impossible to prove.

there are hundreds of anonymous billionaires in the underworld.

Most probably there is also anonymous trillionaires. Atleast one.

About Satoshi I can compare him with Nicola Tesla.

hero member
Activity: 492
Merit: 503
January 10, 2014, 10:52:05 PM
#18
Agreed. For someone or some group to make millions while not really contributing to anything, he certainly does take the cake.

Bitcoin either has value or it doesn't. If he hasn't contributed anything, he hasn't made millions. But he has, so he has.



What exactly is the contribution he's made.

He invented a cryptocurrency - in fact the first of its kind. You might have heard of it. Also, the point I was making, which you seemed not to grasp, is that his wealth IS IN THAT CRYPTOCURRENCY. So he doesn't actually have a huge amount of wealth unless Bitcoins are valuable. And if they are valuable, that answers your question of what he has contributed. Do keep up.
hero member
Activity: 518
Merit: 500
January 10, 2014, 09:52:37 PM
#17
Agreed. For someone or some group to make millions while not really contributing to anything, he certainly does take the cake.

Bitcoin either has value or it doesn't. If he hasn't contributed anything, he hasn't made millions. But he has, so he has.



What exactly is the contribution he's made.

err ... he invented the idea of bitcoin. Read his research paper Smiley
member
Activity: 98
Merit: 10
January 10, 2014, 05:40:25 PM
#16
Agreed. For someone or some group to make millions while not really contributing to anything, he certainly does take the cake.

Bitcoin either has value or it doesn't. If he hasn't contributed anything, he hasn't made millions. But he has, so he has.



What exactly is the contribution he's made.
sr. member
Activity: 308
Merit: 251
Giga
January 10, 2014, 05:25:27 PM
#15
satoshi is interesting only because it is anonymous. could be first anonymous billionaire although it would be by definition impossible to prove.

there are hundreds of anonymous billionaires in the underworld.
hero member
Activity: 492
Merit: 503
January 10, 2014, 05:23:19 PM
#14
Agreed. For someone or some group to make millions while not really contributing to anything, he certainly does take the cake.

Bitcoin either has value or it doesn't. If he hasn't contributed anything, he hasn't made millions. But he has, so he has.

newbie
Activity: 13
Merit: 0
January 10, 2014, 04:46:09 PM
#13
satoshi is interesting only because it is anonymous. could be first anonymous billionaire although it would be by definition impossible to prove.
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