Satoshi Moving on to Other Things | Bitcointalksearch.org

legendbtc

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Quote from: MeGold666 on June 24, 2024, 05:20:37 AM

Quote from: legendbtc on June 24, 2024, 05:14:30 AM

Furthermore, bitcoin is still the leader and no one can compete with it

Just because you have chosen to close your eyes doesn't mean the competition will magically disappear.

Bitcoin is leading in market cap but it's not been leading in so many other places for so long now due to it's low capacity and high fees..

I mean bitcoin is facing competition from altcoins but it is clear that no one can match bitcoin and threaten its top position.

Do you know why bitcoin always leads in market capitalization and even bitcoin's capitalization is equal to the total capitalization of altcoin market and altcoins always depend on bitcoin? Everything has its reason, nothing is natural, bitcoin still leads because it has the largest community and to do that, it gives them what they need. It's about decentralization, privacy, freedom...have you seen any altcoins that can do this? That's why I say no altcoin can compete with it.

MeGold666

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Quote from: legendbtc on June 24, 2024, 05:14:30 AM

Furthermore, bitcoin is still the leader and no one can compete with it

Just because you have chosen to close your eyes doesn't mean the competition will magically disappear.

Bitcoin is leading in market cap but it's not been leading in so many other places for so long now due to it's low capacity and high fees..

legendbtc

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Quote from: reagansimms on June 23, 2024, 11:03:22 PM

Satoshi had closed his cover very neatly, he wouldn't make anything that would give anyone else the opportunity to open the cover again and reveal his true identity. Yes, maybe Satoshi has done something new after his world shaking discovery has succeeded in changing people's views on investing, but who can say what he is doing and where he is now.
Satoshi may be on this forum using a pseudonym account or may be enjoying his retirement while monitoring Bitcoin price movements. If he moves on to something else, he is unlikely to create another Cryptocurrency that can give competition to Bitcoin. he knows, Bitcoin is the result of his extraordinary work, he will not create a competitor to Bitcoin and it is impossible to include his name in the Whitepaper of the new coin because if his coin fails to develop then his name will be at stake.

There is no reason for him to spend more time and create another cryptocurrency to compete with bitcoin, competing with his favorite product. Furthermore, bitcoin is still the leader and no one can compete with it, there is no reason for him to create a better version than bitcoin at this point.
He chose to remain completely anonymous, I thought he would never appear again in any form. More than 14 years have passed and bitcoin has gone through many challenges to become as successful as it is today, but he has never appeared even in those difficult times. Therefore, there is no reason for him to return when bitcoin is recognized and legalized by the government because he knows that returning to this point could directly affect bitcoin.

MeGold666

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His contract with CIA expired so he had to move to other things.
Cool

reagansimms

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Satoshi had closed his cover very neatly, he wouldn't make anything that would give anyone else the opportunity to open the cover again and reveal his true identity. Yes, maybe Satoshi has done something new after his world shaking discovery has succeeded in changing people's views on investing, but who can say what he is doing and where he is now.
Satoshi may be on this forum using a pseudonym account or may be enjoying his retirement while monitoring Bitcoin price movements. If he moves on to something else, he is unlikely to create another Cryptocurrency that can give competition to Bitcoin. he knows, Bitcoin is the result of his extraordinary work, he will not create a competitor to Bitcoin and it is impossible to include his name in the Whitepaper of the new coin because if his coin fails to develop then his name will be at stake.

nintendo1889

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Quote from: freedomgo on December 27, 2019, 05:27:17 AM

I think he is moving to a simple life as he already had enough money to enjoy for the rest of his life.

With his btc owned, he can live financially free so he could already be satisfied with his wealth.
[/quote

Satoshi clearly enjoyed hacking in it's truest and purest (MIT) sense. People who do amazing things do so for the pleasure of doing them. Many people who discuss fame will say that fame isn't the goal.

nintendo1889

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Quote from: Pearls Before Swine on October 30, 2019, 04:11:27 PM

Very interesting, but lol. It's like asking the person who invented sex what other things he's moved on to.

Seriously, I can't imagine anything Satoshi can do that would top bitcoin. Even if he has a million good ideas from now until doomsday, he could always rest on his laurels knowing he invented bitcoin. It's really a shame that there's no Nobel prize for computer science, although the creation of bitcoin might qualify for the economics prize...tho awarding it might present somewhat of a problem assuming Satoshi's identity remains unknown.

Satoshi is an exceptional genius, the Beethoven of our time. Bitcoin will lead to a new Renaissance, like the printing press and the florin standard did in their time. He clearly has wealth outside of btc and is probably working on some unrelated database or something.

fullhdpixel

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None of us can really tell what happened to Satoshi Nakamoto and a lot of people here have assumed that he’s dead, which I am not going to agree on. First of all, it’s not everyone that’s interested in fame, there are people who are making money and getting everything they want, but the last thing on their mind is fame, some people just like privacy and they don’t want anyone (media) looking into their life.

So, what if Satoshi is one of those people that prefers to stay and live a private life? It’s very possible. He made it clear that he has moved on to other things, if he was sick like some comments here have pointed out, don’t you think he would have said he’s sick and wouldn’t be around for a while?

Polar91

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Quote from: freedomgo on December 27, 2019, 05:27:17 AM

I think he is moving to a simple life as he already had enough money to enjoy for the rest of his life.

With his btc owned, he can live financially free so he could already be satisfied with his wealth.

It's quite awkward knowing he just leave the responsibility to all of the people including us, with him living freely now and on the other hand, is quite an interesting idea to live your life knowing that you don't need to spend time in jobs after all you've done to bitcoin and all of the wealth you've obtained.

So, one good lesson from this is to always try and do our best to create something that will change the world. One season of great effort might turn the rest of our lives into full time vacation.

freedomgo

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I think he is moving to a simple life as he already had enough money to enjoy for the rest of his life.

With his btc owned, he can live financially free so he could already be satisfied with his wealth.

kotik085

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I think that in a daily routine, Satoshi wanted to do, run his own business, which is different from cryptocurrencies. We cannot fully know what business Satoshi wanted to convey to us. This is very attractive when, in addition to crypto, you have a separate business.

plvbob0070

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Quote from: butka on July 20, 2018, 12:59:20 PM

In the book "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money", its author (Nathaniel Popper) quotes a couple of emails sent by Satoshi to other members of the early Bitcoin community. This was apparently right before his disappearance from the forum. Here is the excerpt:

Quote

The author of the Bitcoin software hadn’t posted to the forums since December, but he had continued to e-mail with a select number of developers, including Gavin, Martti, and Mike Hearn, a Google programmer in Switzerland, who got drawn into the project after the WikiLeaks blockade. In late April Hearn politely asked how involved Satoshi intended to be moving forward.

“Are you planning on rejoining the community at some point (e.g. for code reviews), or is your plan to permanently step back from the limelight?” he asked.

“I’ve moved on to other things,” Satoshi wrote back. “It’s in good hands with Gavin and everyone.”
[...]
Satoshi’s final e-mails went to Martti, whom Satoshi asked to take full ownership of the Bitcoin.org website.

“I’ve moved on to other things and probably won’t be around in the future,” Satoshi wrote to Martti, in early May, before transferring the site to Martti and disappearing into the ether.

[emphasis mine]

Source: https://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X

I couldn't help noticing that Satoshi announced that "he had moved on to other things" on two different occasions.

What do you think these other things could be? From the context, it sounds these things are unrelated to Bitcoin. Maybe he was working on other projects where programming skills were needed.
This can also be interpreted as Satoshi being more or less satisfied with the development of Bitcoin and confident in its intended future.

I know that this is very speculative and impossible to know with certainty, but I would like to hear your opinion.

I hope everything is okay in his part because of him Bitcoin was invented. I think he is saving more energy in the future because this is a big battle between him and the governments in the terms of money and economy.

viennemariela

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Quote from: butka on July 20, 2018, 12:59:20 PM

In the book "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money", its author (Nathaniel Popper) quotes a couple of emails sent by Satoshi to other members of the early Bitcoin community. This was apparently right before his disappearance from the forum. Here is the excerpt:

Quote

The author of the Bitcoin software hadn’t posted to the forums since December, but he had continued to e-mail with a select number of developers, including Gavin, Martti, and Mike Hearn, a Google programmer in Switzerland, who got drawn into the project after the WikiLeaks blockade. In late April Hearn politely asked how involved Satoshi intended to be moving forward.

“Are you planning on rejoining the community at some point (e.g. for code reviews), or is your plan to permanently step back from the limelight?” he asked.

“I’ve moved on to other things,” Satoshi wrote back. “It’s in good hands with Gavin and everyone.”
[...]
Satoshi’s final e-mails went to Martti, whom Satoshi asked to take full ownership of the Bitcoin.org website.

“I’ve moved on to other things and probably won’t be around in the future,” Satoshi wrote to Martti, in early May, before transferring the site to Martti and disappearing into the ether.

[emphasis mine]

Source: https://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X

I couldn't help noticing that Satoshi announced that "he had moved on to other things" on two different occasions.

What do you think these other things could be? From the context, it sounds these things are unrelated to Bitcoin. Maybe he was working on other projects where programming skills were needed.
This can also be interpreted as Satoshi being more or less satisfied with the development of Bitcoin and confident in its intended future.

I know that this is very speculative and impossible to know with certainty, but I would like to hear your opinion.

There could be many possible reason/s for his decision to step back and all we can do is assume. He might have feared of the unstable or unsure state/future of Bitcoin. He could also be trying to conceal his identity so that once BTC community expand and grew, he could avoid people who are trying to use it for bad acts or he might have feared for his own life. He might be ill, however this is at a low percentage assurance. Or that, he is trying to take care of something huge that he need an ample amount of time.

btcltceth

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Quote from: Kprawn on November 08, 2019, 11:33:54 AM

Quote from: imstillthebest on November 07, 2019, 01:01:04 PM

Quote from: BTCscalability on November 07, 2019, 11:59:53 AM

Quote from: Kprawn on November 07, 2019, 11:42:22 AM

So Bitcoin (BTC) was just the test run for the next Bitcoin

exactly

My opinion:
Satoshi Nakamoto is one person and will come back with the improved Bitcoin and with another pseudonym. He will not try to advertise or sell the new concept because he knows that the Bitcoin and crypto community will use it as it will be good.

what about those altcoins and tokens that we saw ? arent they the new bitcoins that you are talkin about ? i think they are because btc was the first crypto coin that is introduced and we can say that it was a test to see if it will become a succesor but it did and after that , altcoin and tokens suddenly appeared but those devs are i think not satoshi or related to him . they only get some idea on the concept of the orginal bitcoin and they make a little change on thier own coin .

Nope, it will not simply be a knockoff Alt coin like the rest of them, Satoshi is way too smart for that. It will be something groundbreaking and new

and he/she or they will not use the Bitcoin code to develop this technology. Satoshi learnt a lesson from the first Bitcoin and he/she or they will

not repeat the same mistakes. The code used will also not be the same style as was used by Satoshi in the original Bitcoin protocol. People will

not be able to link the two together, when it will be released. Wink

Quote from: threadsupport on December 12, 2019, 10:00:35 AM

It's possible that one day Bitcoin will have it's own network with several connection possibilities and that the internet will be a side network that is connected to that main network.

That could be the right time to distribute and run his new development.

garryck

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Marvelous thing is that this doesn't matter aside from emotional reasons. BTC doesn't need even it's creator to work.

vintages

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My guess is that him moving on to other things is probably another project or personal life. Maybe he knew how popular Bitcoin will become and don't want to be involved aftermath.
Those words had me thinking that perhaps Satoshi might be one of those who recently came forward to claim the identity. Or perhaps not.
Truth is, there will be a lot of 'maybes' till the issue of his identity is revealed.

Kprawn

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Quote from: imstillthebest on November 07, 2019, 01:01:04 PM

Quote from: BTCscalability on November 07, 2019, 11:59:53 AM

Quote from: Kprawn on November 07, 2019, 11:42:22 AM

So Bitcoin (BTC) was just the test run for the next Bitcoin

exactly

My opinion:
Satoshi Nakamoto is one person and will come back with the improved Bitcoin and with another pseudonym. He will not try to advertise or sell the new concept because he knows that the Bitcoin and crypto community will use it as it will be good.

what about those altcoins and tokens that we saw ? arent they the new bitcoins that you are talkin about ? i think they are because btc was the first crypto coin that is introduced and we can say that it was a test to see if it will become a succesor but it did and after that , altcoin and tokens suddenly appeared but those devs are i think not satoshi or related to him . they only get some idea on the concept of the orginal bitcoin and they make a little change on thier own coin .

Nope, it will not simply be a knockoff Alt coin like the rest of them, Satoshi is way too smart for that. It will be something groundbreaking and new

and he/she or they will not use the Bitcoin code to develop this technology. Satoshi learnt a lesson from the first Bitcoin and he/she or they will

not repeat the same mistakes. The code used will also not be the same style as was used by Satoshi in the original Bitcoin protocol. People will

not be able to link the two together, when it will be released. Wink

btcltceth

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Quote from: imstillthebest on November 07, 2019, 01:01:04 PM

Quote from: BTCscalability on November 07, 2019, 11:59:53 AM

Quote from: Kprawn on November 07, 2019, 11:42:22 AM

So Bitcoin (BTC) was just the test run for the next Bitcoin

exactly

My opinion:
Satoshi Nakamoto is one person and will come back with the improved Bitcoin and with another pseudonym. He will not try to advertise or sell the new concept because he knows that the Bitcoin and crypto community will use it as it will be good.

what about those altcoins and tokens that we saw ? arent they the new bitcoins that you are talkin about ? i think they are because btc was the first crypto coin that is introduced and we can say that it was a test to see if it will become a succesor but it did and after that , altcoin and tokens suddenly appeared but those devs are i think not satoshi or related to him . they only get some idea on the concept of the orginal bitcoin and they make a little change on thier own coin .

All coins use the same technology, blockchain. But the blockchain as we know it today can't solve the above mentioned - speed, scalability - issues. The next developed decentralized coin would use a different technology without these issues.

Quote from: BTCscalability on November 07, 2019, 11:59:53 AM

Satoshi Nakamoto is one person and will come back with the improved Bitcoin and with another pseudonym. He will not try to advertise or sell the new concept because he knows that the Bitcoin and crypto community will use it as it will be good.

Bitcoin worked without advertising, selling. The new concept would make it the same way and would not work 10 years ago, as for the new concept a crypto community is needed, who will build a great stable network, what would be important for the new concept.

Quote from: ?? on ??

Satoshi will definitely return for Bitcoin, even though he has now disappeared for quite a long time. And the return of Sathosi, will increase the value of Bitcoin at a high enough price.

The price today is not important, if the concept is good. The concept will make the future's price.

Quote from: carlfebz2 on November 08, 2019, 10:37:19 AM

Quote from: Kprawn on November 07, 2019, 11:42:22 AM

It would be a shocker if Satoshi started working on the next Bitcoin.

I consider this idea though which might be possible but its hard to believe that he would go for another creation yet Bitcoin is already an exceptional innovative thing that had been created.

Maybe he thought that the Bitcoin developers will find a scalability solution and he also tried with the current blockchain - not reached - and developed the next decentralized coin.

Quote from: nienzer on November 08, 2019, 10:54:47 AM

I also doubt the creation of Bitcoin 2.0. To do this, there is a huge amount of altcoins to develop the functionality of crypto, in turn, Bitcoin is the standard of P2P with maximum decentralization and security.

Not good enough. We can see the limitations of blockchain, it is a temporary solution. A new concept would be important.

nienzer

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Quote from: carlfebz2 on November 08, 2019, 10:37:19 AM

Quote from: Kprawn on November 07, 2019, 11:42:22 AM

It would be a shocker if Satoshi started working on the next Bitcoin, because he saw that his invention was open for exploitation. He realized that

the flaw in his invention was the fact that it can be duplicated by anyone, if he could not reveal his identity and then protect his intellectual

property rights. So Bitcoin (BTC) was just the test run for the next Bitcoin, where he would reveal his true identity. I think Satoshi Nakamoto

is more than one person and this group are working on the "legal" version of Bitcoin. Wink

I consider this idea though which might be possible but its hard to believe that he would go for another creation yet Bitcoin is already an exceptional innovative thing that had been created.Its hard to believe that he would consider on creating version 2.0 of it.Yes, there might be flaws but come to think that the main purpose on why btc is created is for total p2p and it doesnt need to be legalized nor be controlled and with that alone is already a solid reason for people to believe much on bitcoins potential.

I also doubt the creation of Bitcoin 2.0. To do this, there is a huge amount of altcoins to develop the functionality of crypto, in turn, Bitcoin is the standard of P2P with maximum decentralization and security.

carlfebz2

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Quote from: Kprawn on November 07, 2019, 11:42:22 AM

It would be a shocker if Satoshi started working on the next Bitcoin, because he saw that his invention was open for exploitation. He realized that

the flaw in his invention was the fact that it can be duplicated by anyone, if he could not reveal his identity and then protect his intellectual

property rights. So Bitcoin (BTC) was just the test run for the next Bitcoin, where he would reveal his true identity. I think Satoshi Nakamoto

is more than one person and this group are working on the "legal" version of Bitcoin. Wink

I consider this idea though which might be possible but its hard to believe that he would go for another creation yet Bitcoin is already an exceptional innovative thing that had been created.Its hard to believe that he would consider on creating version 2.0 of it.Yes, there might be flaws but come to think that the main purpose on why btc is created is for total p2p and it doesnt need to be legalized nor be controlled and with that alone is already a solid reason for people to believe much on bitcoins potential.

Topic: Satoshi Moving on to Other Things (Read 1179 times)