Satoshi Nakamoto should be richer than Bill Gates.

[Sithara007]

If he makes more bitcoins, the currency will just crash and become as worthless as the Zimbabwean Currency.

He can't make more coins. That is the beauty of Bitcoin and it makes the currency different from the fiat currencies. Look at the United States Dollar. When Ben Bernanke was the Chairman of the Federal Reserve, he printed dollar bills like crazy. Such things are not possible with Bitcoin.

[iamnotback]

Satoshi our great NWO master:

What you describe, what you are suggesting, perhaps, is that a benevolent Satoshi has great power to do good, and that, conversely, a malevolent Satoshi has a nuclear bomb in regard to his private keys.

If you wanted to utilize Bitcoin reserves which could not be visibly spent until it was time to enslave the world, how would you do it?

What if you could print paper high powered SDRs implicitly backed by Bitcoin. And then create Basel rounds that progressively ratchet the old banking system to default by requiring Tier 1 reserves of this quality.

[Yuuto]

If he makes more bitcoins, the currency will just crash and become as worthless as the Zimbabwean Currency.

He can't make more coins. That is the beauty of Bitcoin and it makes the currency different from the fiat currencies. Look at the United States Dollar. When Ben Bernanke was the Chairman of the Federal Reserve, he printed dollar bills like crazy. Such things are not possible with Bitcoin.

When the government is deep in shit, their go to move is to print more money.

In fact they got so scared that their financial kingdom was going to collapse that they printed literally trillions of electronic pieces of dollars, that inflated the monetary base by so so much that it's not even funny anymore.

The logical person would go to something like bitcoin, the alternative to fiat currency.

As you stated, Satoshi is not able to print any more currency than he already owns to add to his collection of bitcoins. Unless he has hashpower which is damn expensive to get right now, then he won't be able to print any more bitcoins.

Bitcoins are generated in a decentralised way, which means that nobody can exploit the system for themselves.

[AlexM]

Who is to say that Bill Gates is not Satoshi Nakatomo?

[posternat]

If he makes more bitcoins, the currency will just crash and become as worthless as the Zimbabwean Currency.

He can't make more coins. That is the beauty of Bitcoin and it makes the currency different from the fiat currencies. Look at the United States Dollar. When Ben Bernanke was the Chairman of the Federal Reserve, he printed dollar bills like crazy. Such things are not possible with Bitcoin.

I agree that bitcoin cycle is different from fiat cycle. But still Satoshi remains silence on his identity we do not know if he is generating his coin or making new coins. No one knows that thing.

[Ayers]

satoshi is dead liek many think and if not he only have 200k coins right? that is not enough to be richer than bill, bill have 60B of dollars, 200k coins, are 200 million of dollars

Who is to say that Bill Gates is not Satoshi Nakatomo?

this is stupid and you need to prove it first, but you can't right?

[allthingsluxury]

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?

Honestly, who even knows if this guy is still alive. There has been so much speculation surrounding this character its unreal, I've seen countless stories during my time here.

[edden]

Legendary
deisik
What was the point of your post?
 
The point of my post is Bill Gates is a person from the old capitalist school of economics with motives to accumulate wealth any how, and Satoshi Nakamoto is Pseudonym, who  is unknown to the world. Your assumption is wrong that I do not like Satoshi Nakamoto. What I was pointing is, it is not important to compare Satoshi Nakamoto to Bill Gates.

Well any body gathering multi-billions in his vault just to satisfy himself is not only nefarious but very wicked psychopath. While Satoshi Nakamoto did not get any money from any one with a motive to satisfy his desire. Therefore the person behind this pseudonym is admirable by many because he is libertarian economist and scientist. We are in a wake of new beginning so we must understand the very importance of economic climate change. Bitcoin and Blockchain is doing a great job to rethink economics and banking.  Satoshi Nakamoto has created an amazing tool for people to use it. He is genius but who is he ? Do you know him ? Is he hiding behind your deisik CutetFace ?

Who is to say that Bill Gates is not Satoshi Nakatomo?

Bill Gates is not Satoshi Nakamoto. If Bill Gates is a computer hacker and Cypherpunks then he could be the next candidate after Craig Wright to prove that he is Satoshi with his extra ordinary evidence.

[deisik]

Legendary
deisik
What was the point of your post?
 
The point of my post is Bill Gates is a person from the old capitalist school of economics with motives to accumulate wealth any how, and Satoshi Nakamoto is Pseudonym, who  is unknown to the world. Your assumption is wrong that I do not like Satoshi Nakamoto. What I was pointing is, it is not important to compare Satoshi Nakamoto to Bill Gates.

Well any body gathering multi-billions in his vault just to satisfy himself is not only nefarious but very wicked psychopath. While Satoshi Nakamoto did not get any money from any one with a motive to satisfy his desire. Therefore the person behind this pseudonym is admirable by many because he is libertarian economist and scientist. We are in a wake of new beginning so we must understand the very importance of economic climate change. Bitcoin and Blockchain is doing a great job to rethink economics and banking.  Satoshi Nakamoto has created an amazing tool for people to use it. He is genius but who is he ? Do you know him ? Is he hiding behind your deisik CutetFace ?

No, I'm certainly not Satoshi Nakamoto

At least, not in this timeline. Maybe, Satoshi arrived from the future (that perfectly explains why he is not much interested in his bitcoins), and maybe, it is actually me who arrived from that future, but I know nothing of that yet. Regarding comparing Nakamoto with Gates, it was not my idea either, though, personally, I think that such comparisons make sense, at least, as far as motives behind their actions are involved. In any case, Satoshi is a true genius while Bill is not. They are like Nikola Tesla and Thomas Edison (you guess who is who)

[edden]

Legendary
deisik,

You said you are not Satoshi Nakamoto but you think he has come from the future.
You also wrote," maybe, it is actually me who arrived from that future, but I know nothing of that yet." Wow ! you are a time traveler. what its mean ? Are you a friend of Satoshi ? or May be you are Satoshi.  I know Thomas Edison and Nicola Tesla. Suppose Satoshi is like Nicola Tesla but he is unknown to the world, what does it actually mean ? Off course it is meaningless to be unknown. Why the Bitcoin community can not find Satoshi ? What are the odd ? Could you please let me know the truth. I am seeking truth about the mystery of Bitcoin and its inventor.

[olubams]

Is it the same Bill Gates we all know or another one? Because of its that same Bill Gates, then I doubt if Satoshi can be as rich as him. The reason for my position is from what I have read its reported that Satoshi kept as much as 1 million btc for himself and converting at 1000$, then we have 1billion dollars which is still a bit far from where the quoted wealth of Bill Gates stands...

[deisik]

Legendary
deisik,

You said you are not Satoshi Nakamoto but you think he has come from the future.
You also wrote," maybe, it is actually me who arrived from that future, but I know nothing of that yet." Wow ! you are a time traveler. what its mean ? Are you a friend of Satoshi ? or May be you are Satoshi.  I know Thomas Edison and Nicola Tesla. Suppose Satoshi is like Nicola Tesla but he is unknown to the world, what does it actually mean ? Off course it is meaningless to be unknown. Why the Bitcoin community can not find Satoshi ? What are the odd ? Could you please let me know the truth. I am seeking truth about the mystery of Bitcoin and its inventor

I'm not the one to tell you the truth

You may want to visit a church if you want to hear somebody tell you the truth (but you may not like it). As I said, I'm not affiliated with Satoshi in any way, any similarity with his character is purely coincidental and fictional. Ultimately, there are different types of people, and some of them do not need popularity of any kind. They may prefer to keep in shadow and just be happy with their obscurity (something like "security through obscurity")

[lionheart78]

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 does not need an additional number of Bitcoin to be able to beat Bill Gates wealth.  Satoshi just need time.  The time when Bitcoin scale and is adopted by every part of the world.  When 1 satoshi equals 1 USD.  It is just a matter of time to overtake Bill Gates rank in most richest person in the world.  That is if Satoshi Nakamoto is really a person.

[edden]

Legendary
deisik,

I am not looking for the truth about God or Heaven or Hell and Angels. So please do not advise me to go to Church. A man need money to live on as the money were created by our ancestors. Now money  move the world. Money talks without talking. Money is the main things what people are interested. Without money you cannot live your live in this bloody crazy social system. The monetary policy makers have damaged the human social progress. Now we need to use the money to recreate a better society where money will not be needed as the new system will provide moderate rights to every one to get what they need to live on and do some progressive creative work to advance the civilization. What you think of money ? What money can do ? Do you trust in money ? No body likes to tell truth about himself or herself if they want to be anonymous. I like to learn some thing from you if you can let me learn but if you do not let know what I want to know then I have to follow some one else to learn. I am new in the forum but I know about Bitcoin long before --- but I need to learn about few things. Are you a pilot ? I like that small aircraft behind you. I am thinking to do some business with Bitcoin.

Thanks for your response.

Edden

[andrew24p]

Hopefully satoshi is dead or has lost the coins for good. I dont think anyone wants the mystery ruined, or a billion dollars dropped on the market.

[bravehearth0319]

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?

In my point of view, I knew this things know everyone that up to now the creator and founder of Bitcoin is still unknown. Though there are some pretenders who are declaring themselves that they are Mr. Satoshi Nakamoto but still in the end of investigation was a hypocrite people only. And also for me Bill Gates is still richer than Nakamoto.

[deisik]

Legendary
deisik,

I am not looking for the truth about God or Heaven or Hell and Angels. So please do not advise me to go to Church. A man need money to live on as the money were created by our ancestors. Now money  move the world. Money talks without talking. Money is the main things what people are interested. Without money you cannot live your live in this bloody crazy social system. The monetary policy makers have damaged the human social progress. Now we need to use the money to recreate a better society where money will not be needed as the new system will provide moderate rights to every one to get what they need to live on and do some progressive creative work to advance the civilization. What you think of money ? What money can do ? Do you trust in money ? No body likes to tell truth about himself or herself if they want to be anonymous. I like to learn some thing from you if you can let me learn but if you do not let know what I want to know then I have to follow some one else to learn. I am new in the forum but I know about Bitcoin long before --- but I need to learn about few things. Are you a pilot ? I like that small aircraft behind you. I am thinking to do some business with Bitcoin

As I said, if you are looking for a teacher or a guardian, I'm not the right type

In other words, you should be on your own in your life, that's likely the only lesson that I can teach you. Regarding money, I consider its invention in the same category of value as the invention of the wheel and the lever. With only barter around, we wouldn't be able to evolve and make all this progress we made through ages. Basically, money decouples consumption from production. Some individuals claim that things (like Bitcoin) cannot change people and ultimately change the world. Obviously, this is an erroneous assumption since "you are what you eat"

[edden]

Legendary
deisik


You have waked me up from deep sleep by saying,"you should be on your own in your life", This was my inner voice around ten years back. thanks for reminding me. I agree with you, it is true that money decouples consumption from production. You are a sense able economist. And "you are what you eat" is a great phrase, I have heard about it long time before probably you know about it. You are right, people cannot see that Bitcoin is changing the perception of money in some extend and most of the people  cannot realize it as they are basically not that much of intelligent to  fully comprehend the fact in deep layer in order to understand the reality of change. Bitcoin has created a massive awakening  worldwide about true nature of money and I am aware of it fully. Where Bitcoin will go end up ? what is your comments ? People are making lots of money by using Bitcoin. Now the main topic here is Satoshi Nakamoto the inventor Bitcoin and if he could be richer than Bill Gates ? How many people really know Satoshi Nakamoto ? You said Satoshi Nakamoto is a fictitious name but the truth is who is behind that pseudonym or who else is there to create this massive Crypto currency infrastructure ?  I think it is important for people to know little bit about him because people are curious to find him. Do you know him ? Who is really this man who imagined the true nature of economics and came with the ideology of Bitcoin A P2P Electronic Cash System ? He must be from the future as you have mentioned earlier. I am interested to know the mystery. Have you ever wonder who is he ?

 

[DrGuns4Hands]

do you think if satoshi nakamoto is a only one person only does it equivalent on tax evasion some thing like that ? i know bitcoin is a decentralized but still we cant tell whats on the mind of the government. But two big thumbs up for satoshi because of him i have now greater life and more easier life to deal with

[dihari]

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?

The price of Bitcoin wouldn't stay the same if Satoshi created loads of Bitcoin, and he doesn't have the power to do that anyway - no one really does.  Satoshi is pretty damn rich, most likely a billionaire right now, and obviously his wealth will only be based on the value of Bitcoin.

I've heard something about this in another thread, but I forget the link. He said, sathosi nakamoto has never spent a single bitcoin. He destroyed the private key before he mine bitcoin. I think this decision make sathosi nakamoto a wisest man in the crypto world.