I believe you're confusing the two domains - someone please correct me if I'm wrong, but wasn't bitcoin.org registered by Satoshi while bitcointalk.org was registered later on?

The bitcoin.org domain was already registered when Bitcoin became public.

A little correction by the way, the price for one Bitcoin was $0.001 actually ($5 divided by 5050 Bitcoins)!

I highly doubt Satoshi or anyone else back in 2009 would've thought Bitcoin could reach even a dollar. If you think about it, creating a digital currency on your own and having it pass the price of any other currency in the world and even the price of 1oz of Gold sounds insane. If Satoshi wanted to hold to become rich, he would've already sold long time ago.

Most OG members have sold at prices we today consider to be cheap. But for them, at the time, $1 seemed as impossible as $1M seems to us right now.

He, AFAIK, did purchase it through anonymousspeech.com. It would've been a really shitty move for them to reveal his identity, so props to them I guess. Not sure if there was a way to purchase through them back in 2008-2009 completely anonymously, but maybe Satoshi paid through gift cards or something. Here's what the website says about their services:

Now that Hal is not with us anymore, I guess it's going to be a never-ending mystery behind the story of him & Satoshi. Some things make more sense than others, but in the end all we know is that Hal probably didn't want to reveal anything of substance so that Satoshi remains the anonymous creator. Smart move, considering how much advantage MSM would take of any info to destroy BTC's image.

About the tx, as far as I know, Satoshi did send Hal Finney some BTC but not for fiat. The 5050 BTC transaction, if BitcoinWiki is right, has been completed between Sirius and NewLibertyStandard through PayPal.

Dirty BTC is when the said Bitcoins have a history of crimes. All cryptocurrencies have coins that have been tainted one way or another. The issue is that it's part of your coin's history, mostly. Think of randomly receiving the entire Mt Gox hacked balance into your BTC address as a move for them to get rid of those hunting the hackers down. You'd own coins that have been used in the largest Bitcoin hack in history. These would be tainted/dirty coins.

Cred ca atitudinea bancilor din orice tara in momentul de fata vis-a-vis de crypto este incerta. Se poate ca astazi sa fie cea mai prietenoasa dintre toate, iar maine complet opusul. Nu cred ca este ceva neobisnuit sa fie curiosi de anumite tranzactii sau sa iti gasesti contul blocat odata ce ei considera ca.. mno, poate nu se potrivesc sumele respective cu numele sau fata ta prea bine

Please for God sake, abstain from placing 100 empty lines before other sentences and from replying in so many different posts. You're filling up the thread with unnecessary empty space.

First of all, Satoshi isn't a "CEO". Bitcoin isn't a corporation; unlike Facebook, it's a decentralized currency so without a central governance. If you really care to know more stuff about Satoshi, you should take a look over his BTCTalk account. And check the Bitcoin Whitepaper while you're at it.

Oh, wait.. I just found that you already know about the whitepaper:

Besides what is known from this forum, there's no much history. As you surely already know, he is an anonymous creator... and that is for a reason. Anonymous. You can speculate as much as you want that he's the Fed or an alien coming from other galaxies. He's unknown to all of us.

Take it easy, buddy. I never said your question is wrong. But having to talk about how Bitcoin started or who the creator is with someone who's been here since July 2019 and spent some time writing close to 700 posts is quite weird. This is Bitcointalk. Discussions (mostly) about Bitcoin.

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Anyway, it looks like you already knew the answer about Satoshi's past better than us and we've all just been playing dumb all along so why don't you give us a lesson instead, right ..

Imagine how hard it'll be to have a "virgin" or "clean" Bitcoin in a matter of years/decades. It's hard enough now to have a clean one. But at one point, coins that do not come from "trusted third parties" will probably be considered tainted/suspect as they do not hold a recent history of known addresses it's been through.

Not sure how easy things go when it comes to BTC and statements. Those are Bitcoins that you own, which means there is a possibility that they may have been in fact yours 1, 5, 10 or 30 txs before as well. If there's something I'd want to avoid at all costs, it's having to deal with the state about my coins. I honestly have no clue about the history of my coins in the past two weeks, let alone the past few months or even farther behind.

Where does Jeff Bezos' and Zuckerberg's big bags of money go every month?

It's up to every business owner. Most of the time, it's just reinvested in order to provide you better services: server upgrades, security improvements, new features, better UI etc. It usually pays off and is what I'd do. Other businesses may apply different strategies, but that shouldn't be something we have to necessarily know imo.

Yes, it may be a bit scary when an exchange holds a significant % of the Bitcoins - but that's how wealth works. Once you purchase something, the seller earns a profit most likely. Do you really care what happens to it later on?

Quite weird that within +1yr of having a Bitcointalk account and almost 700 posts you have no idea about the way we knew Satoshi was the creator.

He was part of this forum. There's no "the next person who told the world about satoshi nakamoto". But I guess you had to spend too much time promoting Ponzi schemes to bother.

AFAIK, the EU has been working on the design of a CBDC for years - probably years before China started doing so. Maybe all they need left is the green light from other states before they push their currency to the mainstream, but China is always much quicker with a lot of things About Libra.. I think it's quite dead, honestly. It's received way too many negative views for it to ever have a successful launch.

It only digs SV's grave even deeper in the ground as a desperate attempt to get more people into their scammy coin. That's how effective it is, so just let them continue doing so.

I wonder if this has something to do with the recently-hit hashrate ATH. Interesting comparison, but.. how accurate is it really? The mining graphs seem to be on a decline in the first few months; what if we compare August levels instead of January ones? Bitcoin was, IIRC, $3k in Q1 2019. That's around 300% growth from last Jan 'till today. Would the mining stocks have been even more profitable if one had bought them around Jan'19?

I'm not sure how much of an appeal a show like this could have. Probably not enough to have a larger mass of audience, so not enough to have success.

The only shows I can think of that could be adapted to BTC are general knowledge quizzes or so. These are things the general audience knows or is interested about, while a BTC knowledge quiz/show would only be seen by tech geeks and people interested in BTC.

Moreover, I don't think there's that much information you can place inside a show about BTC - and the show should push only true facts. There's some basic stuff you need to learn after which things get easy and then, most remaining info is quite technical or boring for the average person. The idea itself doesn't sound bad, but it's hard to create something appealing.

Here's an issue I see: banks have the right to ask you where some of your funds come from or what a tx is for. Authorities have the right to seize funds in case they think something's wrong with them. Not only that, but transactions through banks take much longer while BTC ones are instant.

If Bitcoin becomes a massively adopted coin, things will have to be the same with BTC too. You would be interrogated at any given time about txs, those that aren't linked to your identity could be flagged as suspicious, your home could be raided in case they wanted to seize your BTC etc. In the world we are currently living in, a pseudonymous cryptocurrency that is fully decentralized simply cannot become mainstream.

There's more to it: Say the government has its annual spending budget in a Bitcoin wallet and, suddenly, someone clicks the wrong thing and everything vanishes into some random hacker's wallet (or poofs into a wrong address that has never even been used yet). Bitcoin is decentralized, so there goes literally all that money. Forever. How do you enforce tax payments? How do you make it so that Bitcoin payments become affordable for everyone?

Freedom is nice. Decentralization is as well. But unfortunately, we just aren't ready yet to fully adopt them as daily drivers. The only way to do so would be if we had decentralized everything and had no central governance.. and that means war.

Agreed 100%.

OP probably meant "Bitcoin and others (et cetera)".

Teens gambling is a more often happening thing than many imagine. Just think of teens and playing cards - there are so many ways they could gamble there. As long as they know what that means, they may find it fun.

It's both a good and a bad thing to be honest, and it varies by situation. They may learn that sometimes life isn't fair, but in the meantime they may become addicts as well and form some shape of hatred against other players of their age. Spider (or insect) betting is something I've never heard of though, never thought this thing would even exist.

I would never store large amounts of money under someone else's custody and I always advise my friends not to do so either. Romania has had a few bank crashes they'd lost money through in the past decades.

Banks could crash. It doesn't even necessarily need to be a recession in order for them to fail, but during recessions chances are even higher. They've crashed before and they will in the future as well. As long as the short explanation of what Perfect Money is doesn't lie to me, it's not even a bank but a service. How many services have failed in the past few years alone?

Take a look at Cryptopia. I've had a lot of shitcoins over there I cared exactly 0% about, but I just couldn't bother downloading wallets for every single one of them. A lot of time later, I opened up Cryptopia only to see that my money is absolutely gone. Say I had only $5 stuck in there. $5 times a hundred thousand people.. equals a shit ton of money for the owners. Haven't kept up to date with their closure, but it's still an interesting thing to know about.

Do you really have no way to safely store your bucks somewhere physically? I'd personally advise against storing your money in stablecoins. You never know what happens to a centralized currency in the near future, let alone the long term one.. USD is centralized, stablecoins are centralized on their own.. double-risk!

For fiat, cash is the best choice I'd go for. Turn the amount into the largest bills you can get (I reckon $500 is the USD one), stack them up and put them into vacuum sealed bags to save even more space. For crypto, hardware wallets are the way to go as those before me said. Just try to keep your bucks safe without having to keep them under someone else's custody.

Putting everything related to any kind of conspiracies on the side, there is a lot of information we're missing on and a lot of stuff that feels weird/wrong. I would have not minded pandemic-related rules as long as they were logical, but there's so many things that don't add up.

Now that so many months have passed and I yet have to hear from any of my friends about some person they knew who died from COVID, the feeling that this has been at least partially orchestrated really does get more and more pronounced.

The "financial reset" is coming whether we like it or not, but it may not be the same way some people see it. For example, I don't really see a global currency to be adopted because of different countries/continents not agreeing to working with them. China may not agree to the specs United States' digital currency has. A lot of people also believe in the idea that a financial reset will mean erasing all the world's debt off. This sounds just too good to be true - so it most likely is.

The "new normal", in my opinion, also means going cashless. This started from very basic stuff like being told everywhere that card payments are preferred. Seeing "we recommend you to pay card in favor of cash" everywhere gets under your consciousness at one point. Is cashless better? For us, obviously not. However, how many people do you think will really care? What they really have to get fixed up in order to push for digital fiat is the fact that a lot of the old people have no idea how tech works. But I guess there's a plan for that as well.

Honestly, if I was to compare USD with a digital currency as if I was a politician, digital obviously wins without a doubt. Main reason is control and lack of privacy. That's pretty much everything you need in order to gain a significant amount of power over your citizens.

Do you think markets are going to stay up there for long? I am quite worried about all the newly printed money, unemployment levels and the debt some countries got into this year. The main issue I see is, the markets shouldn't be able to recover quickly from it - which makes me think this "recovery" is only a facade. Feels like the repercussions just haven't hit yet.. or is there something I'm missing?

There are some countries where living solely on Bitcoin is possible. It's on a case by case basis.

Bitcoin will probably never become the right replacement for USD. Even if you wanted to be a rebel and completely stop using fiat, you'd get exhausted easily by the fees. These bucks you pay every 2-3 txs will sum up into a quite horrible amount. A lot of people would reject BTC as a daily-used currency specifically for this reason. For the average person, it's quite expensive to use.

You can use cash right now to purchase a $1 coffee without having to pay anything except time and patience. If you had to pay with BTC, you'll likely pay at least $0.5 more. Times 60 (as in two daily coffees), there goes $30 a month. Unnecessary spendings.

Besides EMP-affected areas, why would we have no more access to the internet in case of a world war?

Anyway, the thing is, in a such scenario I think Bitcoin is somewhere around the bottom of our lists of priorities. Besides carrying the seed around with you to make sure your BTC is still yours, I doubt anyone would bother to check how much a Bitcoin is anymore. And putting all those priorities to the side.. let's be real for a minute - do you think the spark of another world war would end up sweet for the humanity? I doubt so. To be honest, it might actually be one of the last things I'd be worried about.

Times have changed so much since WW2 though, so it's quite hard to predict what would stand today in a war. The thing is, with or without internet, Bitcoins can be so easily carried in comparison with anything else, from cash to (especially) precious metals. You can literally just take a small piece of paper with you and there goes all your BTC (or even alts as well).

But once again, Bitcoin's fate depends on the way we'd treat it during the war: is it a safe haven asset we'll use to get through the hard times or would we just sell everything once things go dark? That's the decisive factor. Without enough strong hands who highly trust Bitcoin as a completely decentralized system that would never scam you out or seize your bucks, it'd get heavily dumped.


“I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.”
                                                                                                                                                  - Albert Einstein