iamTom123
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April 02, 2017, 04:29:04 AM |
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We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
That is a good question to think about. I think that Satoshi never intended to be very rich when he had Bitcoin in his mins and when he implemented the idea. And that is something we have to thank for because if have had been greedy then probably we would not have the Bitcoin we have today as it would just be another fiat money induced by greed and controlled by somebody else. Satoshi if he is a real man is now actually rich because his share is improving in value. What Satoshi did at the foundation of Bitcoin should be an inspiration for all stakeholders in the Bitcoin community.
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renfangfua
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April 02, 2017, 04:41:19 AM |
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We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown Satoshi nakamoto is still anonymous and we even don't know of its a single person or a group or community. then there is no way to really determine whether he is richer and even be able to value his wealth.Maybe,he is richer than Gates,and who knows.
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X-ray
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April 02, 2017, 04:43:00 AM |
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We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown All of the bill gates assets are over hundreds billions dollar right now. That's no comparable with the total bitcoin market capitalization. Satoshi Nakamoto just anonym identity, and it will never get revealed into the public audience.
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micher143
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April 02, 2017, 04:46:37 AM |
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Maybe but somehow no, because bitcoin has a limited supply just like other coin and ICO so as far as you can see the large part of the bitcoin is in the people who are using it but imagine if satoshi nakamoto is holding the 50% of the total supply of the bitcoin? Maybe yes he is the richest person in the world with that supply but what if when the bitcoin is at the bottom rock he sell all of the bitcoin that he holds? Many possibilities but in overall satoshi nakamoto is a legend that is starten the bitcoin in digital community and spread in the world.
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suredoood
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April 02, 2017, 04:51:20 AM |
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LOL literally everything you said makes zero sense.
1. To be fair, Bill Gates has done a lot more in terms of innovation than Satoshi Nakamoto, not to diminish Nakamoto's work.
2. Nobody knows how much money Satoshi has because nobody knows who he is.
3. He cannot generate infinite Bitcoin for himself, if he could, he would.
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Sithara007
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April 02, 2017, 04:54:05 AM |
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I asked one of my friends (who is active in crypto) the same question. I asked him what has Bill Gates done, to make him richer than Satoshi Nakamoto. His reply was pathetic. He asked me, why Satoshi? Why not Vitalik Buterin or Andreas Antonopoulos? Some people are yet to fully understand what Satoshi has done.
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deisik
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April 02, 2017, 05:29:39 AM Last edit: April 02, 2017, 01:02:45 PM by deisik |
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LOL literally everything you said makes zero sense.
1. To be fair, Bill Gates has done a lot more in terms of innovation than Satoshi Nakamoto, not to diminish Nakamoto's work.
2. Nobody knows how much money Satoshi has because nobody knows who he is.
3. He cannot generate infinite Bitcoin for himself, if he could, he would.
And what did Bill Gates do in terms of innovation? His only genuine project was some crappy Basic interpreter which couldn't even compile programs (and I'm not sure how truly genuine it was). All his other projects were either outright stolen (like, for example, MS-DOS) or had nothing to do with innovation as such. Bill Gates and Co didn't invent anything on their own. They took networking from BSD TCP/IP stack of Berkeley fame, their NT kernel (so-called "New Technology") has roots in VMS systems of Digital fame, etc. In fact, I'm heavily inclined to think that Microsoft with their monopolization of desktop operating system market has greatly slowed innovation. Apart from that, it doesn't matter whether Satoshi is known or not, it is what he did what matters in the end, and Bitcoin is a real innovation by any metric. Whether it will be of great purpose and success eventually we can't say right now since it may take decades to come to any definite conclusion
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CloudStrife
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April 02, 2017, 05:31:55 AM |
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Certainly not at the present time, but I think the Bitcoin marketcap will rise greatly over the next few years, and maybe in a decade or less, Satoshi will be the richest man in the world.
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noictib
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April 02, 2017, 05:55:37 AM |
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We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
Actually the control is always a big factor in anything , if Satoshi nakamoto will create unlimited bitcoin then surely the Nakamoto will became scammer , But opposite of this he is really a talented , trusted a nd sharp minded person who always follows his rule that he made for the bitcoin . So here it is more better to make the limited generate of the bitcoin , Because balanced thing always gives a result which remain long lasting . It is just a matter of thing , let think if he create unlimited bitcoin then what will be value of the bitcoin in the market , the market of bitcoin will go down rapidly , so here the current condition to remain less rich is more better than what you are thinking to be happen .
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Clement Kaliyar
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April 02, 2017, 12:24:13 PM |
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We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
satoshi nakamoto is unknown and anonym maybe he was richer than bill gates or not, no one knows. and I think it is not worthy to compare the wealth of people unknown You are making me laugh my child,the alias behind the name Satoshi Nakamoto is richer than Bill Gates and no one knew about him,was he a drug lord or what to hide his real world assets and hope you know what you are talking here,he is not paying tax and he is a culprit and that is what you are claiming by this. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) @OP if he was pre mining all the coins then people would not trust bitcoin as simple as that and so that the price wont even reach these valuation.
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Qartada
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April 02, 2017, 12:26:28 PM |
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LOL literally everything you said makes zero sense.
1. To be fair, Bill Gates has done a lot more in terms of innovation than Satoshi Nakamoto, not to diminish Nakamoto's work.
2. Nobody knows how much money Satoshi has because nobody knows who he is.
3. He cannot generate infinite Bitcoin for himself, if he could, he would.
And what did Bill Gates do in terms of innovation? His only genuine project was some crappy Basic interpreter which couldn't even compile programs (and I'm not sure how truly genuine it was). All other his projects were either outright stolen (like, for example, MS-DOS) or had nothing to do with innovation as such. Bill Gates and Co didn't invent anything on their own. They took networking from BSD TCP/IP stack of Berkeley fame, their NT kernel (so-called "New Technology") has roots in VMS systems of Digital fame. In fact, I'm heavily inclined to think that Microsoft with their monopolization of desktop operating system market has greatly slowed innovation. Apart from that, it doesn't matter whether Satoshi is known or not, it is what he did what matters in the end, and Bitcoin is a real innovation by any metric. Whether it will be of great purpose and success eventually we can't say right now since it may take decades to come to any definite conclusion Worse than not innovating anything, Bill Gates employs thousands of people to innovate things for him and then everyone gives him credit for their work, which he also takes the surplus labour value from. Satoshi was great because he was actually a coder and actually an innovator. Bill Gates never will be.
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maydna
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April 02, 2017, 12:53:43 PM |
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We all know Bill Gates the owner of microsoft is the most richest man in the world. Total wealth of $80 Billion US dollars. While satoshi nakamoto the owner and founder of bitcoin only have $1 billion US dollars, Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
i think if satoshi nakamoto is already owned billion of bitcoin or 2/3 from all bitcoin that already exist, then satoshi nakamoto will be the richest person in the earth for now. because with bitcoin price that is really higher than first launch, i think the capital of satoshi nakamoto is really to big to compare with other person and i think he can go wherever place he wants or buy whatever he wants. maybe satoshi nakamoto is already withdraw his bitcoin for some cash and buy some product or buy something for him and for his family.
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CODE200
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April 02, 2017, 02:01:00 PM |
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No, Satoshi nakamoto is not that famous by all people around the world he is known only by the people who is using bitcoin.but if Satoshi revealed himself and owned a billions of bitcoins, satoshi should be richer than bill gates, but still bill gates is still richest man all over the world because he is really famous and known all the people around the world.
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bra4our
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April 02, 2017, 05:50:25 PM |
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If he makes more bitcoins, the currency will just crash and become as worthless as the Zimbabwean Currency.
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Taki
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April 02, 2017, 06:06:19 PM |
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I think the main idea of bitcoin to Satoshi wasn't to make capitals on it; the idea, by my opinion, was to skip the system and centralization.
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edden
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April 03, 2017, 01:01:55 AM |
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You all are speaking nonsense here. It does not make any sense to me. You even do not know who he really is ? But you all are gosssssssipppppping about him because he is your hero. Some how in some extend you believe in him. Well, he has done a great job for you and you all are following him as he has taken over the entire financial system. Bill Gate is corporate capitalist. While the inventor of Bitcoin Technology is unknown to you. Suppose the Big Brothers have hijacked the Bitcoin project from him and held him a hostage and blocked him to speak about it. What do you think he could do with his so called 1 million bloody bitcoins ? The people who is now controlling Bitcoin project are the rich men while Bill Gate is a Billionaires with Microsoft. You can not compare him with Bill Gate. But, if you know the truth about Bitcoin mystery then it will be another story. Think about it. Think rationally.
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edden
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April 03, 2017, 01:41:19 AM |
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deisik, And what did Bill Gates do in terms of innovation?
It is not important what Bill Gates innovated but as you know he is a big player in the wake of computation. He grabbed the innovations and put it together and milking the cows and making butters a plenty of butters. You could be a billionaires but what are you going to do with all your money ? Satoshi Nakamoto is a legendary man behind bitcoin but you probably know better that he has no face on the Internet. While Bill Gates every body can see his face. All the governments know him and invite him to do business in their countries. Satoshi Nakamoto is a Japanese Pseudonym. He might be a libertarian enigmatic person but he cannot come out on the media to speak about his ideology. The media people will not allow him because he is not one of them. This is why the media bring many fake Satoshi every year to mock him. All this is a drama, a real drama.
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Tesorex
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April 03, 2017, 01:47:55 AM |
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He did a lousy job with developing a half baked software without thinking about it's future, while he has said when first version is released the rules are set in stone but we all can see how bu and sw giving a damn about that stone.
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deisik
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April 03, 2017, 03:44:00 AM Last edit: April 03, 2017, 03:57:23 AM by deisik |
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deisik, And what did Bill Gates do in terms of innovation?
It is not important what Bill Gates innovated but as you know he is a big player in the wake of computation. He grabbed the innovations and put it together and milking the cows and making butters a plenty of butters. You could be a billionaires but what are you going to do with all your money ? Satoshi Nakamoto is a legendary man behind bitcoin but you probably know better that he has no face on the Internet. While Bill Gates every body can see his face. All the governments know him and invite him to do business in their countries. Satoshi Nakamoto is a Japanese Pseudonym. He might be a libertarian enigmatic person but he cannot come out on the media to speak about his ideology. The media people will not allow him because he is not one of them. This is why the media bring many fake Satoshi every year to mock him. All this is a drama, a real drama What was the point of your post? If you don't like Satoshi Nakamoto (which seems to be the case), take Linus Torvalds as Bill Gates's opponent. The former is a public person too, and he does speak about his ideology in the open. He is certainly by far more respected by the public than the latter. And what does it essentially change in respect to Bill Gates? Does it make him somehow less nefarious with his "Divide and Conquer" approach (taking something open and then shipping an incompatible implementation of it)? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs015.radikal.ru%2Fi330%2F1704%2Fd6%2F7096ec1cbed8.jpg&t=665&c=tuJDJbsR1sNOTg) He did a lousy job with developing a half baked software without thinking about it's future, while he has said when first version is released the rules are set in stone but we all can see how bu and sw giving a damn about that stone.
His lousy job right now costs over 1,000 dollars per unit. Besides, I don't think he actually said something like you pretend he said. The consensus rules are not perfect, but that's what likely keeps (kept) Bitcoin from disintegration and collapse all these years
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satongshi (OP)
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April 03, 2017, 05:39:44 AM |
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Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
Could you please elobrate what you're talking exactly. Did you mean Satoshi to have more number of bitcoins for himself and then selling them for real cash to become rich man ? If it is so, I'm sorry I come to a conclusion that you do not know how bitcoin ecosystem is working. I'm sure one day or other, Mr. Satoshi will become richest man of this world when bitcoin values will be hitting more than million dollars. I believe this is the only way for Mr. Satoshi to become richer than Bill Gates. I mean he could buy anything frok small to big amounts.
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