Questioning Satoshi Nakamoto's existence...

[b.miller]

I have always found it fascinating how people can invent something so monumental but yet be nonexistent in society.  Every move that they make has to be calculated because any false move might expose their true identities.

I strongly feel that I have discovered who Satoshi Nakamoto is or someone who is in close association with him and his invention of bitcoin.  I am taking a Taoism class in college and our professor assigned us to read Paco Ahlgren’s book, Discipline.  The concepts in Ahlgren’s book and the development of bitcoin and where our economy is heading today are absolutely parallel.  It’s almost frightening.  Through extensive research on Satoshi Nakamoto, I have only been able to discover where he is allegedly from and that he developed bitcoin.  After conducting research on Paco Ahlgren, I have found that his credentials and interests make him a prime candidate for someone with the intellectual capability to invent something as profound as bitcoin.

Has anyone else read his book?   If so, I would be curious to hear what you think about this theory!

[Sarif Cain]

I will certainly check out his book now.

[Raoul Duke]

Oh, fuck! Look at the last post in his blog http://www.pacoahlgren.com/bitcoin-cannot-fail/

LOL

[silverchair]

Let me check and read that book as well.

[ffuentes]

Oh, fuck! Look at the last post in his blog http://www.pacoahlgren.com/bitcoin-cannot-fail/

LOL

Not Found, Error 404


For many time I thought that Julian Assange may be related (even being its founder).

[payb.tc]

Oh, fuck! Look at the last post in his blog http://www.pacoahlgren.com/bitcoin-cannot-fail/

LOL

Not Found, Error 404


For many time I thought that Julian Assange may be related (even being its founder).

wow, i just read that article a couple of hours ago, aaaaaaaaaaaaaaaaaaaand it's gone.

[tnkflx]

Article in full:


If you haven’t already come across one of the multitudinous articles flooding the Internet these days about Bitcoin [http://en.wikipedia.org/wiki/Bitcoin], I’ll enlighten you: Bitcoin is the first successful digital crypto-currency. It is the first viable threat to monopolistic, uncompetitive government-issued money. And it is proliferating.

As the United States stumbles through broken efforts to raise an already lofty debt-ceiling, the country’s obligations mount to historical highs, and its currency continues to plummet. Indeed, despite governmental claims to the contrary, commodity and energy costs have continued to soar in recent years [http://www.pacoahlgren.com/no-inflation-really-have-you-been-to-the-grocery-store-lately/] — not so much because of scarcity or demand, but simply because the world’s currencies are failing. Why? Because governments around the world have gone on an unprecedented printing spree, and the results are higher prices; in most cases, commodity prices have doubled in the last 15 to 18 months.

In 2009, an enigmatic figure known only by the (almost certain) pseudonym Satoshi Nakamoto invented an algorithm that would become Bitcoin. Here are the reasons why I believe the new currency (and its offspring) will destroy government fiat currencies forever:

1. The U.S. and other governments will soon make Bitcoin illegal. This is incontrovertible: the Federal Reserve is a semi-private institution whose owners benefit every time a dollar is used. They are self-interested human beings, and there’s no way they’re simply going to let a private currency destroy their monopoly without a fight. Alas, the U.S. can criminalize Bitcoin until the end of time, but it won’t stop anyone from carrying (or sending) it offshore, and using it places where it is welcome. Which brings me to my next point:

2. Never in history has it been possible to put all of one’s wealth on a digital storage device (laptop, cell phone, thumb drive, et cetera) and walk out of the country. You want to stop me from using Bitcoin? You better destroy all forms of digital storage, because that’s the only way you can prevent me from using the currency. As long as I can find someone willing to take dollars for bitcoins in the U.S., nothing is going to stop me from leaving the U.S. with my Bitcoins. Do you think you can criminalize domestic exchange of Bitcoins? Really? Isn’t that what you tried to do with Marijuana, Heroin, Crack, Cocaine, LSD, assault rifles, Cuban cigars, and prostitutes? How’d that work out for you? You really think I can’t get Bitcoins? Or some other crypto-currency?

3. Bitcoin is just the beginning. Remember Napster? Remember how everyone freaked out about music piracy? Remember how the government shut down Napster, and all its imitators? Did that stop anyone from getting free digital music? No, it didn’t. If anything, the government — in all its wisdom — made would-be file sharers more savvy; instead of using a centralized model like Napster, these users simply changed the rules of the game — going peer-to-peer. Now, instead of having one monster to fight, the government has millions and millions it has to kill. And it’s not working.

Another example? How about online poker. The geniuses in Washington decided to criminalize the online gambling industry — which was, by the way, pumping billions of dollars into a struggling U.S. economy. So what is the response? You guessed it. Bitcoin. Gambling sites are redirecting their energies to offshore sites where U.S. citizens can play poker to their hearts’ content — converting their dollars to Bitcoins, and funneling resources out of the country. Great job, Washington. This is what happens when sycophantic, fatuous morons get elected and assume the role of “thinking.”

4. Some would argue that Bitcoin is nothing more than an unregulated, private fiat currency — backed by nothing. I would argue much differently. Fiat currencies have, to this point, always been issued by monopolistic, bureaucratic governments. Even when those currencies were backed by gold — a policy that all but the rarest governments abolished decades ago — the supplies of such currencies were still subject to the whimsical decisions of only a few. More often than not, the currencies represented mounds of debt, and destructive monetary policies that kept up the illusory trend of growing asset prices through mild inflation.

Because Bitcoin is strictly peer-to-peer, however (pay attention, because this is important), it is essentially “issued” by every single human being who transacts in the currency. Only 21 million Bitcoins can ever be minted, and of those, less than half have been minted. What this means is, as the demand for Bitcoins increases, it will appreciate in value — making it a more realistic and accurate deflationary currency. In other words, Bitcoin is finite, and as demand grows, so will its value. And because it is decentralized, this means every Bitcoin is worth exactly what two interested parties agree upon, at the time of the exchange. The currency is owned only by the person who possesses it — there is no bureaucratic third-party government participating in the transaction by manipulating the supply. And what that means is that every single Bitcoin is backed by the assets and/or debt of every single participant in the market. That does not sound like a fiat currency to me.

So while the U.S. (and every other country) is up to its eyeballs in debt, its currency will eventually reflect as much — especially considering that the government can simply print as much as it likes. But Bitcoin is not represented by any such entity or policy. It belongs only to its users, and that is true “full faith and credit.”

5. What happens when the U.S. criminalizes Bitcoin? Won’t the price fall? The answer is yes, probably. But it won’t go away, because it represents something we’ve never seen before. Bitcoin is a way for people to move their wealth without any detection, whatsoever. Never before could  you put $1 million dollars on a cell phone and leave the country. But you don’t even have to leave the country; as long as you can find a bank somewhere that will accept Bitcoins — and there are a lot of them — you can send your money anywhere without the transaction being recorded. For the first time in a long time — maybe for the first time ever — your money can actually be yours. Governments can no longer tell you what you can and can’t do with your cash. They can’t make the rules. And that scares the hell out of them.

You can attach any sort of deontological morality stance to this contentious issue you like. But you cannot stop people from acting in their own interests, and I doubt very seriously the government’s ability to prevent people from hiding their money any way they can. Oh they’ll try, but this time, the authoritarians are out of their league — not because of a lack of sophistication, but because of a lack of resources. Simply put, the government simply does not have the jurisdiction or manpower to find and destroy Bitcoin; it’s too easily hidden, and extremely portable.

Some people say that the advent of the Internet is the biggest achievement in human history. That may be true. But as revolutionary as it has been, nothing is going to change the game like the privatization of currencies. Without control of the money supply, governments cannot dictate anything. This may be the purest form of democracy the world has ever known, and I — for one — am thrilled to be here to watch it unfold.


www.PacoAhlgren.com [http://www.pacoahlgren.com/]

Disclosures: Paco is long gold, Bitcoins, and oil. He is short U.S. Treasuries.

[Raoul Duke]

Oh, fuck! Look at the last post in his blog http://www.pacoahlgren.com/bitcoin-cannot-fail/

LOL

Not Found, Error 404


For many time I thought that Julian Assange may be related (even being its founder).

wow, i just read that article a couple of hours ago, aaaaaaaaaaaaaaaaaaaand it's gone.

The mistery thickens... Maybe he deleted because of the comment i left in the article saying someone thinks he's Satoshi and left a link to this thread  

Here you have it guys: http://webcache.googleusercontent.com/search?q=cache:XezIfAKwc-AJ:www.pacoahlgren.com/bitcoin-cannot-fail/ in full, with comments LOL Save the HTML while it lasts

[zozpuff]

satoshi nakamoto is too smart to repeat these fallacies:

...the online gambling industry — which was, by the way, pumping billions of dollars into a struggling U.S. economy. ...

pumping billions of dollars? shuffling billions of dollars. which doesn't add any real production.

...Some would argue that Bitcoin is nothing more than an unregulated, private fiat currency — backed by nothing. I would argue much differently. Fiat currencies have, to this point, always been issued by monopolistic, bureaucratic governments. Even when those currencies were backed by gold — a policy that all but the rarest governments abolished decades ago — the supplies of such currencies were still subject to the whimsical decisions of only a few. More often than not, the currencies represented mounds of debt, and destructive monetary policies that kept up the illusory trend of growing asset prices through mild inflation.

it is unregulated and backed by nothing.

... as the demand for Bitcoins increases, it will appreciate in value — making it a more realistic and accurate deflationary currency. In other words, Bitcoin is finite, and as demand grows, so will its value. And because it is decentralized, this means every Bitcoin is worth exactly what two interested parties agree upon, at the time of the exchange. The currency is owned only by the person who possesses it — there is no bureaucratic third-party government participating in the transaction by manipulating the supply. And what that means is that every single Bitcoin is backed by the assets and/or debt of every single participant in the market. That does not sound like a fiat currency to me.

deflationary? the supply increases. it is not deflationary, except from the perspective of a mind steeped in excessive inflation. but he does get valuation correct in this paragraph.

[Swingjinx]

Read Paco Ahlgren's book last year.  I can see the correlation but not convinced. Satoshi Nakmoto is a little smarter than that.  Hence, the guessing game continues...

[bbit]

Paco Ahlgren moved the article to his economics blog. Here is the article's URL:

http://www.bottomviolation.com/bitcoin-cannot-fail/

he removed it again ...I think you are on to Satoshi ?

[Raoul Duke]

Paco Ahlgren moved the article to his economics blog. Here is the article's URL:

http://www.bottomviolation.com/bitcoin-cannot-fail/

he removed it again ...I think you are on to Satoshi ?

No worries, I have the full page saved in my computer. Complete!

[bbit]

Paco Ahlgren moved the article to his economics blog. Here is the article's URL:

http://www.bottomviolation.com/bitcoin-cannot-fail/

he removed it again ...I think you are on to Satoshi ?

No worries, I have the full page saved in my computer. Complete!

wow, you saved it!? good job!  Satoshi is on the run!

[Raoul Duke]

Paco Ahlgren moved the article to his economics blog. Here is the article's URL:

http://www.bottomviolation.com/bitcoin-cannot-fail/

he removed it again ...I think you are on to Satoshi ?

No worries, I have the full page saved in my computer. Complete!

wow, you saved it!? good job!  Satoshi is on the run!

Yeah, when he moved it from his main website to bottomviolation.com i suspected he might do it again, so i saved it

Here you go

Code:

http://coinbits.com/bitcoin-cannot-fail.html

Save it for you before i get a DMCA! lol

[bbit]

Paco Ahlgren moved the article to his economics blog. Here is the article's URL:

http://www.bottomviolation.com/bitcoin-cannot-fail/

he removed it again ...I think you are on to Satoshi ?

No worries, I have the full page saved in my computer. Complete!

wow, you saved it!? good job!  Satoshi is on the run!

Yeah, when he moved it from his main website to bottomviolation.com i suspected he might do it again, so i saved it

Here you go

Code:

http://coinbits.com/bitcoin-cannot-fail.html

Save it for you before i get a DMCA! lol

lol'd  yes, thank you for saving it!   watch out for a DMCA!

[Swingjinx]

Paco Ahlgren moved the article to his economics blog. Here is the article's URL:

http://www.bottomviolation.com/bitcoin-cannot-fail/

he removed it again ...I think you are on to Satoshi ?

No worries, I have the full page saved in my computer. Complete!

wow, you saved it!? good job!  Satoshi is on the run!

Yeah, when he moved it from his main website to bottomviolation.com i suspected he might do it again, so i saved it

Here you go

Code:

http://coinbits.com/bitcoin-cannot-fail.html

Save it for you before i get a DMCA! lol

lol'd  yes, thank you for saving it!   watch out for a DMCA!

You guys really think this guy is Satoshi?

[bbit]

Paco Ahlgren moved the article to his economics blog. Here is the article's URL:

http://www.bottomviolation.com/bitcoin-cannot-fail/

he removed it again ...I think you are on to Satoshi ?

No worries, I have the full page saved in my computer. Complete!

wow, you saved it!? good job!  Satoshi is on the run!

Yeah, when he moved it from his main website to bottomviolation.com i suspected he might do it again, so i saved it

Here you go

Code:

http://coinbits.com/bitcoin-cannot-fail.html

Save it for you before i get a DMCA! lol

lol'd  yes, thank you for saving it!   watch out for a DMCA!

You guys really think this guy is Satoshi?

if I had to go out on a "limb" I would say yes this guy is Satoshi - reason?  the moving of the article around + closest thing to making sense = Satoshi

[Xephan]

if I had to go out on a "limb" I would say yes this guy is Satoshi - reason?  the moving of the article around + closest thing to making sense = Satoshi

I don't know. Satoshi should be a pretty smart guy and knows how to hide his identity. He should therefore also know that the worst thing to do when somebody points to an article you wrote as possible evidence, is to shift/hide it. It just screams guilty as charged. So if it was really Satoshi, I'd bet he would leave the article alone and maybe even write a followup thanking everybody for giving him the dubious honor of being equated to Satoshi

[TBN7]

if I had to go out on a "limb" I would say yes this guy is Satoshi - reason?  the moving of the article around + closest thing to making sense = Satoshi

I don't know. Satoshi should be a pretty smart guy and knows how to hide his identity. He should therefore also know that the worst thing to do when somebody points to an article you wrote as possible evidence, is to shift/hide it. It just screams guilty as charged. So if it was really Satoshi, I'd bet he would leave the article alone and maybe even write a followup thanking everybody for giving him the dubious honor of being equated to Satoshi

It's all part of the game.  I just finished reading Paco Ahlgren's book, Discipline.  Mind blowing and busted. If he's not Satoshi, he's definitely associated with him.

[ysoliman]

Look at this comment on the cached page:


Some people think you are Satoshi Nakamoto
Take a look: https://bitcointalk.org/index.php?topic=35465.0

... they're on to us!