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Topic: Satoshi. What did he found to create something like bitcoin? (Read 599 times)

hero member
Activity: 3052
Merit: 651
Some reason must be exist behind the creation of bitcoin. In the bitcoin whitepaper, satoshi want to make some peer to peer currency, that is bitcoin.
if we using fiat currency to send money to the recipient, we need banks to do it. If we use credit card, we need the credit card company.
But if we using cryptocurrency, we can directly send money to our the recipient.
All of that was correct but it is not really about the question of how he did use bitcoin and for what purpose.
It is the question of what inspire him to do it.
Something like, is there something wrong with our system? We all look at it like it is the perfect creation of a government but yet why create bitcoin?
Also, what made him do it? The banks are giving away something like 1.9 percent annually when you have millions of dollars in their account? Is it not that good enough?
Those questions which seems like he found an answer to it and so does he did create bitcoin for that.
full member
Activity: 1260
Merit: 100
Some reason must be exist behind the creation of bitcoin. In the bitcoin whitepaper, satoshi want to make some peer to peer currency, that is bitcoin.
if we using fiat currency to send money to the recipient, we need banks to do it. If we use credit card, we need the credit card company.
But if we using cryptocurrency, we can directly send money to our the recipient.
hero member
Activity: 3052
Merit: 651
Beyond coding, satoshi understood basic economics, he understood that technology can end inflation, poverty, trade wars, inequality, and overall unify businesses! What most coin creators have decided to ignore! Satoshi remains different because when he started bitcoin, it wasn't all about the money it would make for him, it was about stamping out global meltdown in trade, finance and commerce generally! I am sure he is surprised at what bitcoin has become! But these other coin creators?? Can't say for sure what they are, what they are creating and how they hope to use it to solve the problems satoshi aimed to solve with bitcoin!!

Oooohhh!!!
Those are strong words for a newbie. Yes!!!!
Thank you for that. Economics might be his mastered course and maybe (although I am still not sure) he really did see how cruel fiat system is.
I remember one government authority in one country who had plundered a lot of money in her country.
Guess what is her degree? Yes! Bachelor of Arts degree in Economics! Graduated Magna cum laude at one of the prestigious schools and also consistent Dean's list status.

I can say when you are in economics you can easily see holes in the financing industry. Maybe satoshi really did.
jr. member
Activity: 278
Merit: 5
Invest and play
Beyond coding, satoshi understood basic economics, he understood that technology can end inflation, poverty, trade wars, inequality, and overall unify businesses! What most coin creators have decided to ignore! Satoshi remains different because when he started bitcoin, it wasn't all about the money it would make for him, it was about stamping out global meltdown in trade, finance and commerce generally! I am sure he is surprised at what bitcoin has become! But these other coin creators?? Can't say for sure what they are, what they are creating and how they hope to use it to solve the problems satoshi aimed to solve with bitcoin!!
hero member
Activity: 3052
Merit: 651
snip

This was also my question in life whenever I scroll out and see feeds or threads about satoshi. I wonder who or what it really was and how was it really it invented. Also, how could he/she or it contain a large amount of currency that can even be converted to fiat.

Before it was easy to mine bitcoin. The difficulty of it was so low that they can have a lot in just a day.
That is why there is this thread here about the pizza thing which was bought for a lot of bitcoin.
Satoshi just simply did not spend the bitcoin that he had and is still intact until now.

It is a who. Coz he talks here. He invented it with a purpose and it is said that it was to change the financing industry. Something like that.
My goal here is what did really push him to just have that thought to create something like "Bitcoin".

I mean, you must really have some deep reason to spend a lot of effort to something right? That is human nature.
You wont be spending a lot of time to something without any reason or goal or a target or maybe something that you didn't like to see again.

I am thinking it must be really something to do with banks. But what really happened there?
full member
Activity: 345
Merit: 100
I have been reading a lot of documentaries in the internet (maybe a little bit of too much) Grin

So the question is why?
For someone to create something he must have a will to do it. He must have found something which is wrong with the currency that we are using now specially USD.

It is not written in his whitepaper.
So what could it be?

Suddenly after a successful programming and all the editing he have done which could be seen in this forum he vanished.
Is there a threat to his life?

Roth - when you google it one word or name suddenly pops out.

The Rothschild family is a wealthy Jewish family descending from Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s.

500 trillion worth. This goes on to their family from centuries ago until now.
Could they be a reason behind the sudden disappearance of Satoshi?
He is creating a currency where no one controls it. He became a threat. It could be a possibility.

Am I just full of imagination or it could be a possibility?
Please let me hear your opinions.

This was also my question in life whenever I scroll out and see feeds or threads about satoshi. I wonder who or what it really was and how was it really it invented. Also, how could he/she or it contain a large amount of currency that can even be converted to fiat.
full member
Activity: 504
Merit: 102
I have been reading a lot of documentaries in the internet (maybe a little bit of too much) Grin

So the question is why?
For someone to create something he must have a will to do it. He must have found something which is wrong with the currency that we are using now specially USD.

It is not written in his whitepaper.
So what could it be?

Suddenly after a successful programming and all the editing he have done which could be seen in this forum he vanished.
Is there a threat to his life?

Roth - when you google it one word or name suddenly pops out.

The Rothschild family is a wealthy Jewish family descending from Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s.

500 trillion worth. This goes on to their family from centuries ago until now.
Could they be a reason behind the sudden disappearance of Satoshi?
He is creating a currency where no one controls it. He became a threat. It could be a possibility.

Am I just full of imagination or it could be a possibility?
Please let me hear your opinions.

Nobody really knows what is his plan, but maybe he is up to something. Maybe he was told to bring something like this to the world and make a change or make the world in awe.
full member
Activity: 345
Merit: 100
I think anything like that is not to do everything he could to copy skopiroval in such coins as Aldon or the Ethereum, so nothing to invent, or of course you can, but if it does be inverted.
full member
Activity: 420
Merit: 110
Obviously he had a reason behind it or will as the OP says. He or they, however it is have bought up on a revolution, the DIGITAL REVOLUTION which has shaken the traditional economy and introduced people like us to an altogether new virtual world. It's been almost 10 years now that we have bitcoin with us and the crypto currency world has got its king. Whatever vision he had, whatever his will was, seeing the current scenario I think it is fulfilled. And it will be even more magnificent when this market and the crypto coins receives universal recognition and global acceptance as a currency.
sr. member
Activity: 644
Merit: 250
He already know how the few elite people monopolies financial industry and slowly make common people become poor because of inflation. He knows that his life and their family is I have danger that is why he decided to dissappear without a trace.
hero member
Activity: 3052
Merit: 651
On the software release date, he left a message pointing to the second bailout package for the bank, so it was clear he had some sort of collision with Banks. But so far, Bitcoin has not stopped. I think because he wants to create another currency to pay something with digital technology to the fiat currency side. Maybe that's because many people believe in bitcoin, and use them as a currency for their payment systems. The idea of ​​blockchain and bitcoin is certainly long term. They have been working for years on Bitcoin to finally be on the market, many of whom do not believe of course. But Bitcoin shows by a big pump in December 2017 that it can represent a lot of things and especially change a lot of things. Because it has disappeared after creating something technologically or an extraordinary system. To be honest, that was a strange thing for me all this time, but I forgot it. To me, I think Satoshi is just a genius. That must have made him a decentralized currency like Bitcoin.


A collision with banks. Good point.
He may have a bad experience about it.
One example is havingg to send greater amounts when you are just an ordinary people.
They question everything when someone is not known to be rich.
Why is this a problem to them? What if you did really save the money at your home? Somehow they wont accept those kinds of arguement. But if you did save it to them then there will be no question.
Plus, questions of why and what purpose sending a large amount to another bank account.
This things should not really exist but they are followong the governments rule.
Coz bow we can send large portion of money thru bitcoin and I bet they dont like what is happening.
full member
Activity: 403
Merit: 100
I think Satoshi created bitcoin because he was not satisfied with the current currency system, he tried to create a peer-to-peer transaction system that did not involve third parties to cut transaction costs and add anonymity features to protect the privacy of Bitcoin users. Bitcoin comes as an innovation in the banking world which in my opinion is very helpful in everyday life.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
From my opinion, satoshi has found problems in our payment system. And later they found the solution for the problems.
satoshi want to make some peer to peer payment system that dont required middleman like fiat currency to process our transactions.
jr. member
Activity: 458
Merit: 2
I have been reading a lot of documentaries in the internet (maybe a little bit of too much) Grin

So the question is why?
For someone to create something he must have a will to do it. He must have found something which is wrong with the currency that we are using now specially USD.

It is not written in his whitepaper.
So what could it be?

Suddenly after a successful programming and all the editing he have done which could be seen in this forum he vanished.
Is there a threat to his life?

Roth - when you google it one word or name suddenly pops out.

The Rothschild family is a wealthy Jewish family descending from Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s.

500 trillion worth. This goes on to their family from centuries ago until now.
Could they be a reason behind the sudden disappearance of Satoshi?
He is creating a currency where no one controls it. He became a threat. It could be a possibility.

Am I just full of imagination or it could be a possibility?
Please let me hear your opinions.

I want to believe he left or made himself invincible as he doesn't want to face the global authorities threatening him to take down the technology. Another reason is because the technology is self sufficient, reason he took his time to get everything done.
member
Activity: 490
Merit: 10
Prio to bitcoin introduction into the internet payment there was more problem with sending and receiving money through the internet and the sole purpose of Satoshi was to make peer to peer trasactions affordable in a way that will benefit internet users.
jr. member
Activity: 34
Merit: 2
On the software release date, he left a message pointing to the second bailout package for the bank, so it was clear he had some sort of collision with Banks. But so far, Bitcoin has not stopped. I think because he wants to create another currency to pay something with digital technology to the fiat currency side. Maybe that's because many people believe in bitcoin, and use them as a currency for their payment systems. The idea of ​​blockchain and bitcoin is certainly long term. They have been working for years on Bitcoin to finally be on the market, many of whom do not believe of course. But Bitcoin shows by a big pump in December 2017 that it can represent a lot of things and especially change a lot of things. Because it has disappeared after creating something technologically or an extraordinary system. To be honest, that was a strange thing for me all this time, but I forgot it. To me, I think Satoshi is just a genius. That must have made him a decentralized currency like Bitcoin.
full member
Activity: 297
Merit: 100
I think that in real life Satoshi did not exist. In addition, it is unlikely the richest people of this world are really afraid of bitcoin. I’m sure that some of the richest wallets of bitcoin and other serious cryptocurrencies are controlled by them.
42K
member
Activity: 364
Merit: 10
Erotic Industry on the Blockchain! RachelX
Satoshi found out that so many people are misusing the fiat currencies and therefore he needs to come out with something that no one will have authority over it. That was his main idea and that's why BTC is decentralized.   
full member
Activity: 518
Merit: 101
the plot thickens when you get more involved in th history of bitcoin.

after satoshi departure. there were dozens of devs all running and tweaking their nodes to do fascinating things and following a consensus set of rules that only changed and followed a new path if the majority all had the new rules ready to activate. an could activate without disruption to the majority.

but by 2013. one group decided they wanted to be the core of the network and be the reference client that others should follow their plan of action. they kicked out a few devs and added in moderation policies to rule out some proposed feature changes unless it met their desires.
this group highly promoted their certain plan for the future and even done mandatory comply or go to other network ploys.

so although you feel excited while researching 2009-2010 that you found the red pill to exit the banking matrix.
but you will soon come across the next phase where theres now a new rabbit-hole promoting a wonderland.. but this wonderland are new networks that are banker-esq. because the reference client devs are saying that bitcoin is broke and cant scale and the only future are these alternate networks of co-signatures and watchtowers and fortknox-esq factories.

so its all trying to go full circle and back under a currency control where people need other people authorisation to make payments. because a certain group wants people to think bitcoin and blockchains dont work


A CERTAIN GROUP would most probably refer to the Illuminati. See, the problem with the monetary system prior to Bitcoin is that it is totally controlled by the government and banks, in other words...the Illuminati. This is what Satoshi wanted to break away from. To create something that no other authority has a hand on. This group is all about power and control which basically entails that the people behind it controls the planet as money is the blood that keeps the world turning. And so when Satoshi left, a plot was made and the blueprint on how to control this system has been laid out. The Illuminati is composed of the smartest people on the planet. And so one would think that it is inevitable for them to see the great potential of Bitcoin..and so they did...
hero member
Activity: 3052
Merit: 651
On the date of the release of the software, he left a message pointing to the second bailout to Banks, so he obviously has

some gripe with Banks. We all know how we felt when our hard earned taxes were used to bailout reckless Banks for the

second time and I think this also motivated Satoshi to prevent that from happening again. So far, Bitcoin has not stopped

them, but it offered a alternative.  Wink

That is one.
Banks using our money for them to profit higher than giving out what is necessary for those who have kept their money in their industry.
1 percent annually? That is a robbery.

I am working for mutual funds and I can see the name of local banks investing with JPMorgan and Goldman Sachs. How much money are those that will go back to them which would not even hurt even if they pay salary to 1000 people in their company. Add up the loaning system which gives them a lot of money and also the annual payment for credit cards.

I have all added that up. But when it comes to worldwide problems, Satoshi might have seen it.

Well you have to be blind not to see it. Since the near global economic collapse, none of these executives has seen the

inside of a jail and that alone should tell you how powerful and untouchable they are. The irony is, some of these executives

that were responsible for this, kept their jobs and they even received large bonuses for "turning things around". A lot of the

lower employees lost their jobs as part of the "turn around" strategies.  Angry

How could I be blind if I did see it?
As I said I work for a back office for mutual funds and I know how much money is coming in. Actually it is transparent. You could see it at their pdf files at mutual funds section of their websites.

Banks are also listed there investing the money that was for safekeeping of the people.
Yeah they thought it is safe while this big companies are making money with the use of that investing it or should I say gambling it.
Then, what if a bankruptcy suddenly happens? Is sorry a good answer for it?
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