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Topic: Was Satoshi someone who lost everything in 2008 Market Crash? - page 5. (Read 11543 times)

sr. member
Activity: 728
Merit: 275
Quite possible. Nothing to do with the creation of BTC though.

It's an idea that would've taken many years to brew and a lot of experimentation. There's no way he'd arrive home in 2008 to find his locks changed after the bank had shut him out, gone to his car in a huff and created BTC in a Burger King car park to spite them before going off to drown his sorrows.
Haha! Imagining that seems to be quite funny. But yes I think you are right! This definitely would have required a lot of experimentation but maybe that phase would have played a great role in assuring him the need of cryptocurrrencies. Moreover we had a couple of ledger based online currencies before bitcoin too like Bit Gold & other he made bitcoin to be the best out of them so we can't be 100% sure that he created the whole blockchain idea from scratch he might have taken aid from other currencies prevalent and might have made some drastic changes over them.

Just came across this thought. We all know what happened after the housing debt bubble burst near 2008 which led to a global level depression in 2008 which really ruined lives of millions of people worldwide. It even raised some great question about fiat debt and it's working. Lots of people lost their jobs, houses and everything.

Another fact that Bitcoin was created right after one year in 2009. So do you think there is some chance that satoshi was someone who lost his everything in 2008 crash, his job, his assets and his house.

He was so frustrated with it that his trust on the fiat financial system completely broke. He was sick of government, sick of corporate and sick of banks because of which he thought of creating real money thus creating bitcoin over blockchain and completing it in the very next year. So that people don't lose their money just because of debt bubble
The timing never occurred to me before, but now that you mentioned it, it kind of makes sense. I don't think Satoshi necessarily lost anything during the crisis, but it probably was a very good motivator to make the money that won't depend on banks. After all, it was the banks' fault, a D after the crisis they stayed in power nevertheless. I googled this idea, and there are even some articles suggesting that that's what happened.
Yes, even I googled to read about it further but couldn't find a strong content over it. Moreover the first time bitcoin was mentioned in history was with the domain registration of bitcoin.org in August 2008. We don't know how much time would it have taken before that to create it.
legendary
Activity: 3150
Merit: 1392
Join the world-leading crypto sportsbook NOW!
Just came across this thought. We all know what happened after the housing debt bubble burst near 2008 which led to a global level depression in 2008 which really ruined lives of millions of people worldwide. It even raised some great question about fiat debt and it's working. Lots of people lost their jobs, houses and everything.

Another fact that Bitcoin was created right after one year in 2009. So do you think there is some chance that satoshi was someone who lost his everything in 2008 crash, his job, his assets and his house.

He was so frustrated with it that his trust on the fiat financial system completely broke. He was sick of government, sick of corporate and sick of banks because of which he thought of creating real money thus creating bitcoin over blockchain and completing it in the very next year. So that people don't lose their money just because of debt bubble
The timing never occurred to me before, but now that you mentioned it, it kind of makes sense. I don't think Satoshi necessarily lost anything during the crisis, but it probably was a very good motivator to make the money that won't depend on banks. After all, it was the banks' fault, a D after the crisis they stayed in power nevertheless. I googled this idea, and there are even some articles suggesting that that's what happened.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
Quite possible. Nothing to do with the creation of BTC though.

It's an idea that would've taken many years to brew and a lot of experimentation. There's no way he'd arrive home in 2008 to find his locks changed after the bank had shut him out, gone to his car in a huff and created BTC in a Burger King car park to spite them before going off to drown his sorrows.
sr. member
Activity: 728
Merit: 275
Just came across this thought. We all know what happened after the housing debt bubble burst near 2008 which led to a global level depression in 2008 which really ruined lives of millions of people worldwide. It even raised some great question about fiat debt and it's working. Lots of people lost their jobs, houses and everything.

Another fact that Bitcoin was created right after one year in 2009. So do you think there is some chance that satoshi was someone who lost his everything in 2008 crash, his job, his assets and his house.

He was so frustrated with it that his trust on the fiat financial system completely broke. He was sick of government, sick of corporate and sick of banks because of which he thought of creating real money thus creating bitcoin over blockchain and completing it in the very next year. So that people don't lose their money just because of debt bubble
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