Did Satoshi see the coming of Altcoin?

[Ucy]

Any info on this?

Did he (or his co-creator like theymos) foresaw the coming of other Cryptocurrencies?  Is there any where he use the name Altcoin or similar names? Just curious...

[Imfinnabeon]

Huh that is something that I never considered before and I too am truly curious as to whether or not this was thought through before putting out the bitcoin paper. I would imagine that there was some thought on the idea

but not sure whether they had coined a term for it because lets face it as dominant as bitcoin is to have it be standalone in a market would be pretty crazy. I dont think they would have imagined altcoins growing to 1k+

and ongoing but still I think there would have been solid reasoning for bitcoin market to have up to 50 coins or something like that.

[anasso]

the satoshi goal was make people knowing the blockchain technology and it's benefits!

i think he or she expected that altcoins are coming with more improved tech than bitcoin itself!

[cynical]

Yes I also think that he knew that his technology would expand beyond bitcoin.
He had the vision to see its potential and the skill to put into action,
I am sure he could see the wider potential also

[cryptounite]

Any info on this?

Did he (or his co-creator like theymos) foresaw the coming of other Cryptocurrencies?  Is there any where he use the name Altcoin or similar names? Just curious...

Maybe he is behind some of the recent and most successful and anonymous alts.

[jjacob]

Any info on this?

Did he (or his co-creator like theymos) foresaw the coming of other Cryptocurrencies?  Is there any where he use the name Altcoin or similar names? Just curious...

Given that the code is open source, I am sure that he foresaw that similar coins could be launched. Only when Bitcoin became wildly successful that launching altcoins actually make sense. At that point, Satoshi had stepped back from the Bitcoin scene.

[GreatOrchid]

Probably yes, he invented this whole community and copies has always existed, this is not a new thing that is just an innovation, copies have been existing for more than thousands of years.
And it is not bad, there are some altcoins that changed the whole market, like ethereum, monero, and litecoin, because they improved the technology a lot.
but there are some that have just been created only to raise money, and this is why all the altcoins that are newbies ones are a waste of time.

[olubams]

Any info on this?

Did he (or his co-creator like theymos) foresaw the coming of other Cryptocurrencies?  Is there any where he use the name Altcoin or similar names? Just curious...

When he created a technology like this, he open a new chapter for developers and geeks to task themselves to do more. A lot of the development we see today while some are for the advancement of the technology while others are to reduce its continued dominance the fact is he must have know about it and if he does not want to allow it, then it would not have been possible for anyone to break either fork it,  make it better, or create a new platform on it.

[crazylikeafox]

Any info on this?

Did he (or his co-creator like theymos) foresaw the coming of other Cryptocurrencies?  Is there any where he use the name Altcoin or similar names? Just curious...

Bitcoin is an open-source project anyone could copy it and make their own altcoins. So, yes they saw the potential for the rise of other coins.

[hahahafr]

Everybody knew that altcoins were going to change everything, and there is nothing new with that, yes, as the other user said, there have been some coins that changed the whole perspective about the cryptocurrencies, and some of them are just creating a dissaster on the whole community.
but i dont think that he knew that, probably when he created bitcoin he didn't knew that it was going to be a succesfull project, i dont know.

[evergrow]

Any info on this?

Did he (or his co-creator like theymos) foresaw the coming of other Cryptocurrencies?  Is there any where he use the name Altcoin or similar names? Just curious...

Bitcoin is an open-source project anyone could copy it and make their own altcoins. So, yes they saw the potential for the rise of other coins.

I agree.

They definitely saw the possibility of the coming of altcoins. Thinking of that, what was the first altcoin again, IXCoin?

[jyakulis]

Yes he knew and encouraged it. It was specifically to encourage further developments if the original project got compromised and also was open source because IP implies ownership and potential issues associated with that. Ultimately, the marketplace will determine what coins are used going forward.

[Reatim]

Any info on this?

Did he (or his co-creator like theymos) foresaw the coming of other Cryptocurrencies?  Is there any where he use the name Altcoin or similar names? Just curious...

This is a very nice question mate.

Personally, I don't think that the great Satoshi didn't see it coming. I don't think that he mentions something like altcoin in his p2p paper. Maybe it didn't crossed their mind in the beginning that their would be altcoin besides bitcoin. However, bitcoin code is open source, so there's also a possible that someone will 'fork' a new coin out of their original coins. But for me they didn't see it coming specially when they are creating this coin.

[rjbtc2017]

Probably Yes, as other says that the code is open source which anyone can use the code to create another coin. Satoshi is smart and i think he foresaw this thing will happen.

[rommelzkie]

Yes satoshi knows that altcoin will come. bitcoin is the only eye opener for block chain technology and cryptocurrency.

Maybe that is the reason why satoshi leave the bitcoin development and gave it to others

[BitcoinGirl.Club]

Am pretty sure he know that altcoins will follow through the moment he put the bitcoin code out there in the public for us to learn from ,and for a cryptocurrency like bitcoin to show strength we really need these alts as a supporting becons as its a feature of decentralization.

[coindomain]

I believe that Satoshi predicted the coming of Altcoin, however, not to this extent with the creation of so many ICOs. Altcoins are a welcome competition for Bitcoin to promote the industry overall and Bitcoin in particular that as the first coin is the main beneficiary of the industry growth. 

[Snaic]

Given that the blockchein technology is based on open source code and virtually everyone has access to participate in the creation of new crypto currencies, I think that Satoshi Nakamoto foresaw the possibility of creating other crypto-currencies based on this technology and that these crypto-currencies will continue to improve. He only showed us the possible way of developing the crypto currency.

[rexter]

I truly believe that Satoshi Nakamoto predicted,to the first day he develop crypto currency he foresighted that there will be another currency that follows based on this technology.

[n4poleon]

Most likely yea, He's smart. I mean satoshi release it as an open source software, source code is transparent. So there's a big possibility that in the future that a project will be derive from bitcoin.