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Question: Is Satoshi a scammer, out to enrich himself?
Yes - 23 (17.6%)
No - 108 (82.4%)
Total Voters: 131

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Author Topic: Poll: Is Satoshi a scammer, out to enrich himself?  (Read 2691 times)
Xer0
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December 18, 2013, 11:14:22 AM
 #21

oh not that kind of thread again...
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December 18, 2013, 11:31:05 AM
 #22

Satoshi only provides one of solutions to reduce the negative effects of QE by questioning. What if the people can control the total supply, can audit themselves, Extremely lowest cost of maintaining,lowest commission fee with Maximum security?

Satoshi is just the head, I don't think he does all based on the construction. I think there are four people including him, doing the thing.
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December 18, 2013, 12:29:34 PM
 #23

You have this doubt because you still have faith in government issued money, so you think dump the coins for some fiat is a nice move. I guess Satoshi does not have such faith, it is clearly written in the genesis block



what utter bullshit. im sure whoever satoshi are they are quite well off not to give a remote shit, and likely that was the whole point of this all.
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December 18, 2013, 05:38:37 PM
 #24

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You have not addressed my argument.

I have, the only 'argument' you're making is the tired claim that Bitcoin or the creator of Bitcoin is a scam, while bringing absolutely no proof or evidence to back it up, you're lucky I bothered to respond at all.
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December 18, 2013, 07:47:53 PM
 #25

not a scammer, but could feasible be out to enrich himself.. and that's OK! Society benefits so much by it, guy deserves some reward.

HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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December 18, 2013, 09:45:14 PM
 #26

You have this doubt because you still have faith in government issued money, so you think dump the coins for some fiat is a nice move. I guess Satoshi does not have such faith, it is clearly written in the genesis block


Instead of arguing the actual points at hand, you attack me personally, by stating that I am dumb enough to trust fiat.



I have no intention for any personal attack, and I don't think it is a bad thing to have faith in government issued money. Many people include myself have certain degree of faith in fiat money, because you can use fiat money to purchase anything domestically. But bitcoin can give some more faith due to its transparency in money supply, so dump bitcoin for fiat is not necessary until you definitely need to spend some to support your life/business/project

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December 18, 2013, 09:57:55 PM
 #27

This conclusion (Satoshi=scammer) is inescapable, if you agree with certain assumptions:
1) Satoshi is highly intelligent
2) If Bitcoin wants to become currency, it must be widely distributed and in actual use (not hoarded)
3) Bitcoin goes against point 2)

If Bitcoin does go against point 2), then fiat money will surely go against point 2).

Take USD for example, FED printed 4x more base money after financial crisis, and commercial banks hold 80% of those money and only let a small fraction of them circulate. So even USD is widely distributed and in actual use, the majority of USD is in the hands of a few bankers
http://www.washingtonsblog.com/2013/06/81-5-of-money-created-through-quantitative-easing-is-sitting-there-gathering-dust-instead-of-helping-the-economy.html

Comparing with bitcoin, even Satoshi holds 1 million coins, he has only 1/21 of the total money supply, much less than the USD holdings by those bankers

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December 19, 2013, 12:56:59 AM
 #28

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Is Satoshi a scammer, out to enrich himself?

No, he's a genius who's trying to liberate us from the fiat scam.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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December 19, 2013, 01:39:46 AM
 #29

Satoshi is a Legend

Bitcoin will show the world what hard money really is.
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December 19, 2013, 08:24:23 AM
 #30

Satoshi wasn't a scammer but a highly skilled computer scientist.
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December 19, 2013, 08:30:49 AM
 #31

Satoshi would only benefit if the promises of Bitcoin come true; he wouldn't have any reasons to trick anyone. If Bitcoin wasn't good for the people using it, it wouldn't be good for Satoshi either.

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
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December 19, 2013, 08:41:43 AM
Last edit: December 19, 2013, 09:00:09 AM by solidshotnosh
 #32

This conclusion (Satoshi=scammer) is inescapable, if you agree with certain assumptions:
1) Satoshi is highly intelligent
2) If Bitcoin wants to become currency, it must be widely distributed and in actual use (not hoarded)
3) Bitcoin goes against point 2)

Here is why Bitcoin goes against point 2) (as has been explained on this board before):
1) Bitcoin heavily favors early adopters. 50% of the currency supply is already mined, and Satoshi holds the biggest stack.
2) This fact entices people to hold onto their bitcoin and not spend them.  
3) This fact discourages people from adopting bitcoin, as they would enrich the early adopters, unless  they believe that they are early adopters as well that can still profit from a coming wealth transfer.

Pyramid, get rich quick nature:
It seems to me, that the distribution of bitcoin heavily favors its pyramid get rich quick nature. Satoshi never wanted to create currency, but instead was out to create a pyramid to enrich himself. He cleverly disguised this pyramid as a currency.

This might be the reason why he wants to stay anonymous.

The result:
A boom of people wanting to get rich. A bust once no one enters (believing that they are too late to the get rich quick party).

Destruction of confidence after the bust.

So have we presented sufficient evidence to convince you of your idiocy, or do you require more?

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December 19, 2013, 08:58:16 AM
 #33

Satoshi is a Legend

.... we can win a major battle in the arms race and gain a new territory of
freedom for several years.

Governments are good at cutting off the heads of a centrally controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem to be
holding their own.  Satoshi   Fri, 07 Nov 2008 09:30:36 -0800
 

http://www.mail-archive.com/cryptography@metzdowd.com/msg09971.html
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