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