The intention of Satoshi was good. And he was consistent in pursuing it. He simply was a person who have sort of foreseen everything. He seemed to have known everything that would make his invention successful. All things were considered. He made it perfectly. But more than that he made sacrifices for its success.
But to the surprise of everybody who saw and believed Satoshi's vision and invention, shitcoins which were all Bitcoin was not, also sold well to the people. Satoshi must have asked himself, where did I go wrong? Lol.
Topic: Why Satoshi was dumb - page 2. (Read 587 times)
OP should just sleep again because you are not actually experiencing lucidity but somehow you think so.
Blockchain opens every possibility in the world that even if we count out BTC, it's still worth releasing the technology. I'm sure he didn't make BTC for money for if he did, he could have cashout already enjoying every second of his life instead blockchain helped individuals to have more freedom.
Blockchain opens every possibility in the world that even if we count out BTC, it's still worth releasing the technology. I'm sure he didn't make BTC for money for if he did, he could have cashout already enjoying every second of his life instead blockchain helped individuals to have more freedom.
Nope, and actually I'm totally fine for him taking profits because he/she/they totally deserve it. But regardless, the sort of anti-capitalist people on social media would be spewing BS like saying that Satoshi has only been in it for the money or something like that.
yeah exactly. people needs to remember that when they click on the "buy button" for bitcoin, they are signing an agreement that says "I agree that any bitcoin address that holds funds might sell at any time." they signed the agreement when they bought their btc
I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
One of the main ideals behind bitcoin is freedom, if people want to invest in shitcoins and lose their money that way they are free to do it, we may warn them about the dangers and why it is a bad idea but that is it, at the end it is their decision to make, now it is obvious that judging satoshi by his actions he was not interested in either the money or the fame, so since he got from bitcoin exactly what he was looking for I do not see how you can say those things about satoshi, maybe you would not have done what he did and that is why you do not understand at all his motivation, it is true that money and fame are almost universal motivators, the keyword here being almost, some people just do things to prove themselves they can do them, and at least to me satoshi falls into that category. Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
Do not ever forget, we live in a clown world.
Cheers
favorite shitcoin meme: https://i.redd.it/wwsiw79sa4l81.jpg
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
Do not ever forget, we live in a clown world.
Cheers
favorite shitcoin meme: https://i.redd.it/wwsiw79sa4l81.jpg
Still after all these years and god knows how many premined shitcoins later Bitcoin is #1 and Satoshi the boss
and the future decentralised
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'.
Yes, that doesn't quite fit into today's narrative of all these shitcoins appearing like mushrooms after the rain, and they all aim to get rich quick at the expense of an army of naive people. Luckily for all of us, Satoshi was a little more intelligent than all those who want to invent hot water today, and I realize that some find it very difficult to understand that Bitcoin was invented for some reason other than to make the owner rich.
The problem with you and most people in this world is that you suffer from the need for someone to rule over you, to tell you every day what you can and can't do. The mental complex of modern slavery in the perverted ideology of the free world is not your dream from which you wake up lucid, it is the reality in which you live.
I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.
You're comparing the creator of Bitcoin and the originator of the entire cryptocurrency concept to some idiotic copy-paste developers (I'm not saying they're all like that)? Do you realize that these thousands of shitcoins you're talking about wouldn't even exist without Bitcoin?
Who's dumb now?
Quote
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
So he's a genius now?
I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
Do not ever forget, we live in a clown world.
Cheers
favorite shitcoin meme: https://i.redd.it/wwsiw79sa4l81.jpg
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
Do not ever forget, we live in a clown world.
Cheers
favorite shitcoin meme: https://i.redd.it/wwsiw79sa4l81.jpg
satoshi wasn't a god. He wasn't the smartest person on earth neither. He accomplished some good stuff but people praising him like he was a godly being is kind of edgy.
How do you even know that he don't own the private keys of his coins? It is a big possibility that he still controls those coins. The point is you'll never know and since you can't know, you can't say stuff like "he was dumb" because he very well may surprise everybody.
I can't tell if you are trolling, are sarcastic or serious. The tone is not being conveyed in text form.
In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.
Exactly each project has been working on the prime motive of profit making with the decentralisation concept also but have failed to do so.For example the if the project becomes successful they failed to implement the tokenomics properly as they airdrop themselves with the majority of supply again making it centralised and then pump and dump scheme.In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.
But what Satoshi built was completely mathematical genius code taking each aspect for long term into mind that makes it completely decentralised with deflationary nature and network being secured so if you call him dumb for creating something unique which is out of your understanding capacity then you are the one who should be called dumb.
Name any other coins which stands above bitcoin in any aspect? Now some will say fees and speed so the LN has solved this issue also but do we care to read and explore more about them? So avoid creating such topics which are irrelevant and you are using the forum which was initiated by that genius whom you are calling dumb.
If I knew you in person and I found out you would do anything for the money, I would not be able to ever trust you again. This is not how things should work. There are some people who just do it for the humanity. For the rest of us. And I can not think of Satoshi as dumb for not taking advantage of us. I can only admire him or them for it, it is a rare personality these days.
-
Regards,
PrivacyG
In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.
At least this is how you know there is one, little hope for humanity left. If even Satoshi did to Bitcoin what today's dog breed coin creators are doing to their coins, there would have been no hope left in my eyes.If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.
-
Regards,
PrivacyG
In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.
You know some people have different narrative of understanding, maybe he was expecting Satoshi to over shadow everything related to cryptocurrency in order to be contented, i think such ideology of op is so myopic from my view, some people are meant to create the means or the pathway of getting over rich but they Left it behind, that doesn't mean they are extremely deficiency of richness, no. If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.
I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
Do not ever forget, we live in a clown world.
Cheers
favorite shitcoin meme: https://i.redd.it/wwsiw79sa4l81.jpg
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
Do not ever forget, we live in a clown world.
Cheers
favorite shitcoin meme: https://i.redd.it/wwsiw79sa4l81.jpg
Maybe it's not a big deal for Satoshi or maybe he is not a greedy person at all unlike most of us, Anyway it's just my opinion but who knows it was one of the reasons why Satoshi Nakamoto did not do any of that purposes for the sake of his own interest or maybe his not expect that the Bitcoin he was created will become popular and big after 10 years.
well clearly satoshi wasn't just doing it for the money. but what if satoshi popped up today and said the jokes on you guys, i'm cashing in. would that mean bitcoin was less valid then?
Nope, and actually I'm totally fine for him taking profits because he/she/they totally deserve it. But regardless, the sort of anti-capitalist people on social media would be spewing BS like saying that Satoshi has only been in it for the money or something like that.
I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine
that's probably because the word "premine" didn't even exist back then. so what he did is started mining blocks when very few other people were doing it. (low difficulty)
Bitcoin wouldn't be in a great situation if everyone knew that Satoshi was just purely profit-driven.
well clearly satoshi wasn't just doing it for the money. but what if satoshi popped up today and said the jokes on you guys, i'm cashing in. would that mean bitcoin was less valid then?
This is either a really bad troll attempt, or a really really dumb post. No in-betweens. Bitcoin wouldn't be in a great situation if everyone knew that Satoshi was just purely profit-driven.
Satoshi is smart.
Not only smart but also brave to start working and creating something that can change the world.Satoshi makes Bitcoin for millions, not millionaires. If you can take it and are able to hold it tightly, you will become millionaire or even billionaire in future.
- Satoshi's lesson (should read this one)
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We were dumb because we did not believe in his research and followed him. We underestimate the potency of bitcoin to become popular like what we saw today.
People are mostly dumb because they naively believe in propaganda of governments, believe in fiat currencies and central banks. This pandemic opens our eyes on how governments can easily to add new supply of fiat currency and makes inflation worse in short period of time. 
The title of this thread needs to change to 'Why op is dumb?' instead in my opinion. Why? Because your logic about Satoshi makes zero sense and I have no idea what someone like you is doing in this forum.
Anyone with a half-decent brain knows that Satoshi deserves credit for his/her/their contributions to the cryptocurrency world which is why op needs to grow up asap.
Anyone with a half-decent brain knows that Satoshi deserves credit for his/her/their contributions to the cryptocurrency world which is why op needs to grow up asap.
He wasn't thinking about himself but the future of his project and chose the best possible way. No premine and no spending, which means 0 influence over the coin. Pattern of spending, selling, trading can allow people to trace you, find patterns, know what kind of a person you are, your choices when and how much to sell, what to convert into (maybe fiat, maybe a stable coin, if fiat then which one). Each of Satoshi's move would be misinterpreted by an army of journalists and analysts. The way it is is the best for both bitcoin and Satoshi.
I can't tell if you are trolling, are sarcastic or serious. The tone is not being conveyed in text form.
In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.
Lol true. He mixed it all , but i guess he is more to admiring satoshi intelligence through his weird vexation statement.In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.
Satoshi did it for legacy .. that's for sure , we can feel it by now how cryptocurrency have a huge impact in our daily life.
He just a bit upset that satoshi did not take any advantage, not even a piece.
Well yeah satoshi is not average person like us , he might stand with einstein and hawking for what he have done.
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them.
He was right in doing so, otherwise, bitcoin wouldn't be the success it has been being year after year. Bitcoin has the trust and reputation no other cryptocurrency was able to build, so I think Satoshi was pretty accurate and responsible on his decisions. I believe with dumb and naive you meant he wasn't greedy, and if that is the case, the world really needs more dumb and naive people around and less clever, smart guys... Jump to: