Satoshi. What did he found to create something like bitcoin?

[Heidi Farrell]

In fairness Satoshi did also intend for it to be a system analogous to cash.
If we're going to take Satoshi's words as doctrine, he also supported the idea that as the network grows, we should grow the blocksize. Satoshi was a smart guy, but the system he made was meant to be about decentralisation and consensus. It's really strange to look to Satoshi as a point of authority when he designed the system so that it doesn't need an authority.

[T o x i c a l]

I suggest you think about another version of what is happening. The Rothschild family itself could act as the initiator of the creation of bitcoin. In order to after a few years painlessly transfer all of its capital into the Crypto currency.

[bjmpoker001]

I have been reading a lot of documentaries in the internet (maybe a little bit of too much)

So the question is why?
For someone to create something he must have a will to do it. He must have found something which is wrong with the currency that we are using now specially USD.

It is not written in his whitepaper.
So what could it be?

Suddenly after a successful programming and all the editing he have done which could be seen in this forum he vanished.
Is there a threat to his life?

Roth - when you google it one word or name suddenly pops out.

The Rothschild family is a wealthy Jewish family descending from Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s.

500 trillion worth. This goes on to their family from centuries ago until now.
Could they be a reason behind the sudden disappearance of Satoshi?
He is creating a currency where no one controls it. He became a threat. It could be a possibility.

Am I just full of imagination or it could be a possibility?
Please let me hear your opinions.

Well, if im not wrong, i read somewhere satoshi created the bitcoin because he was not satisfy with the fiat currency system.
One of the factor is we need to pay quite amount of fees to using the fiat currency. Then he create bitcoin so we can send or receive directly to peoples.

[KonstantinosM]

If you want his reasons, start with the Whitepaper. It's a really good read.

Bitcoin Whitepaper (Bitcoin.org)

here's the abstract

Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.

1. His political ideology. He was probably libertarian leading and definitely didn't like the bank bailouts.
2. Electronic cash would be awesome for the Internet credit/debit cards with their model are really bad for the Internet. You are forced to share your credentials with everyone you transact, so if anyone wanted to steal your funds, they can and they also know your name and all your history is linked to your true identity and shared with the bank at the very least.



I think he disappeared because he realized that he would be targeted by the CIA. He was more paranoid than Gavin and when Gavin decided to talk the the CIA Satoshi vanished completely.

[Reid]

If you want his reasons, start with the Whitepaper. It's a really good read.

Bitcoin Whitepaper (Bitcoin.org)


1. His political ideology. He was probably libertarian leading and definitely didn't like the bank bailouts.
2. Electronic cash would be awesome for the Internet credit/debit cards with their model are really bad for the Internet. You are forced to share your credentials with everyone you transact, so if anyone wanted to steal your funds, they can and they also know your name and all your history is linked to your true identity and shared with the bank at the very least.

I think he disappeared because he realized that he would be targeted by the CIA. He was more paranoid than Gavin and when Gavin decided to talk the the CIA Satoshi vanished completely.

First sorry I cut the whitepaper part cause I have already read that.
His disappearance is quite a genius move too. It is not just being paranoid but also letting the people decide for themselves. Since he created it for freedom then let the free people make their choice if they will embrace it or not. Although there is also a bad side of it.
Political ideology. That could be one of the reason also behind why he created this kind of currency. But let us not forget the fact that he also have some percentage of the total bitcoin which is still not moving until now.

In fairness Satoshi did also intend for it to be a system analogous to cash.
If we're going to take Satoshi's words as doctrine, he also supported the idea that as the network grows, we should grow the blocksize. Satoshi was a smart guy, but the system he made was meant to be about decentralisation and consensus. It's really strange to look to Satoshi as a point of authority when he designed the system so that it doesn't need an authority.

Authority. Correct. Why create something which cannot be controlled by anyone. That is somehow a strange thing to me too. Sound like a rebellious kind of act with how the government works.

As I said, I am seeing here that he really may have dig something out that made him think like this which will be hard to reveal since he is nowhere to be found and only he can answer it.

But I will always be open to a better opinion.

[pedagang2]

I have never read a book about satosi, but I joined satosi because now many people use satosi to invest, and I joined this forum to find out more about satosi.
so I want to also hear other opinions from friends here about satosi.

[Reid]

i don't understand it anymore bro . can you explain me?

Look, when you create something, I mean literally want to create something you must have a goal for it.
Let us use the Bible here. God created human, but that is not because he just wanted to play dolls. He created them so that there will someone who will take care of the world that he created.

Same goes for every human being because we have the same thinking as God do. We create something for a reason and not just create them because we want to.

The question right here is why did Satoshi created bitcoin or discovered it?
The back story is hard to find. The whitepaper might have said about banks and the fiat system but is it really that enough reason?
That could have been just the basics of it.

I have never read a book about satosi, but I joined satosi because now many people use satosi to invest, and I joined this forum to find out more about satosi.
so I want to also hear other opinions from friends here about satosi.

It is Satoshi. Reading here might help you. We have some replies here who came from wise people and you could start at the first page.

[Kprawn]

On the date of the release of the software, he left a message pointing to the second bailout to Banks, so he obviously has

some gripe with Banks. We all know how we felt when our hard earned taxes were used to bailout reckless Banks for the

second time and I think this also motivated Satoshi to prevent that from happening again. So far, Bitcoin has not stopped

them, but it offered a alternative.  

[Reid]

On the date of the release of the software, he left a message pointing to the second bailout to Banks, so he obviously has

some gripe with Banks. We all know how we felt when our hard earned taxes were used to bailout reckless Banks for the

second time and I think this also motivated Satoshi to prevent that from happening again. So far, Bitcoin has not stopped

them, but it offered a alternative.  

That is one.
Banks using our money for them to profit higher than giving out what is necessary for those who have kept their money in their industry.
1 percent annually? That is a robbery.

I am working for mutual funds and I can see the name of local banks investing with JPMorgan and Goldman Sachs. How much money are those that will go back to them which would not even hurt even if they pay salary to 1000 people in their company. Add up the loaning system which gives them a lot of money and also the annual payment for credit cards.

I have all added that up. But when it comes to worldwide problems, Satoshi might have seen it.

[Radio-Active]

I think because he want to create another currency to pay something with digital technology aside fiat currency.
And we didn't expect the value of bitcoin to reached this expensive in the market.
Maybe it is because many peoples has believe in bitcoin, and use them as a currency for their payment system.

[Cryptomania843]

The idea of ​​blockchain and bitcoin has surely been a long one. As you can see, bitcoin is about getting rid of banks and changing the whole economy that is under the control of governments. They worked for years on Bitcoin for it to finally be on the market, many did not believe of course. What is new can always be brought to disappear. But Bitcoin showed by a big pump in December 2017 that it could represent a lot of things and especially change a lot of things.

[Ucy]

He vanished few days after posting this:

It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.

Notice he did not say "the swarm willbe/maybe headed towards us."  Meaning he knew the "Swarm" was on its way...  Maybe my understanding of the grammar is wrong?



Well, I think the creator is pinned down somewhere. He is not dead or anything.

I read that the other guy(dead now – *natural death*) who was part of the development of Bitcoin lived close to someone named Satoshi Nakamoto. This may not be a coincidence or they just want us to believe Bitcoin was developed by Japanese?

I think I (& probably many others) know who this person may be.  We probably have different reasons to keep quiet or act ignorant.

[BETAWI]

I think satoshi has become an unsung or unsung hero. Because it has disappeared after creating something technology or an extraordinary system. I myself am sometimes full of question marks why satoshi disappeared by not leaving a trail. Honestly it's a strange thing for me all this time, but I have forgotten about it. And enough, I thank Satoshi Nakamoto wherever he is.

[mcTether]

To me, I think Satoshi is just a genius. He was driven by the fact that people were being exploited through the unjust treatment by the banks and other financial institutions. That must have made him to create a decentralized currency like the Bitcoin.

[Dimonhamon]

Everything can be. But I hope that he is alive. And sooner or later he will go public. Why do I think that he is alive? Because his death will not kill bitcoin !!!

[abarbaz]

BTC is made to remedy mistakes of a brought together framework. Cross fringe expenses were adjusted when bitcoin comes into picture. The secrecy while doing distributed exchanges on the web. I figure those are the fundamental reasons why satoshi concocted this innovation yet for me satoshi hit 2 winged animals in only one projectile since his development blockchain has loads of employments to various business parts around the world.

[Reid]

Everything can be. But I hope that he is alive. And sooner or later he will go public. Why do I think that he is alive? Because his death will not kill bitcoin !!!

If he is alive, I do hope he will visit this thread and says, "Hey Reid, that is a good question. I will PM you the details later."
Maybe I will have a mild heart attack afterwards.

I think satoshi has become an unsung or unsung hero. Because it has disappeared after creating something technology or an extraordinary system. I myself am sometimes full of question marks why satoshi disappeared by not leaving a trail. Honestly it's a strange thing for me all this time, but I have forgotten about it. And enough, I thank Satoshi Nakamoto wherever he is.

I know the feeling and that is why I have this lot of questions. Even before I sleep I still have new questions which is really not easy to be answered by anyone except him. All will just be speculations. Just like the market of bitcoin.
Same goes for thanking him. Maybe it is really a good thing that he left instead of being questioned and then the government will just kill bitcoin in an instant using the media for fake news.

[Kprawn]

On the date of the release of the software, he left a message pointing to the second bailout to Banks, so he obviously has

some gripe with Banks. We all know how we felt when our hard earned taxes were used to bailout reckless Banks for the

second time and I think this also motivated Satoshi to prevent that from happening again. So far, Bitcoin has not stopped

them, but it offered a alternative.  

That is one.
Banks using our money for them to profit higher than giving out what is necessary for those who have kept their money in their industry.
1 percent annually? That is a robbery.

I am working for mutual funds and I can see the name of local banks investing with JPMorgan and Goldman Sachs. How much money are those that will go back to them which would not even hurt even if they pay salary to 1000 people in their company. Add up the loaning system which gives them a lot of money and also the annual payment for credit cards.

I have all added that up. But when it comes to worldwide problems, Satoshi might have seen it.

Well you have to be blind not to see it. Since the near global economic collapse, none of these executives has seen the

inside of a jail and that alone should tell you how powerful and untouchable they are. The irony is, some of these executives

that were responsible for this, kept their jobs and they even received large bonuses for "turning things around". A lot of the

lower employees lost their jobs as part of the "turn around" strategies. 

[Reid]

On the date of the release of the software, he left a message pointing to the second bailout to Banks, so he obviously has

some gripe with Banks. We all know how we felt when our hard earned taxes were used to bailout reckless Banks for the

second time and I think this also motivated Satoshi to prevent that from happening again. So far, Bitcoin has not stopped

them, but it offered a alternative.  

That is one.
Banks using our money for them to profit higher than giving out what is necessary for those who have kept their money in their industry.
1 percent annually? That is a robbery.

I am working for mutual funds and I can see the name of local banks investing with JPMorgan and Goldman Sachs. How much money are those that will go back to them which would not even hurt even if they pay salary to 1000 people in their company. Add up the loaning system which gives them a lot of money and also the annual payment for credit cards.

I have all added that up. But when it comes to worldwide problems, Satoshi might have seen it.

Well you have to be blind not to see it. Since the near global economic collapse, none of these executives has seen the

inside of a jail and that alone should tell you how powerful and untouchable they are. The irony is, some of these executives

that were responsible for this, kept their jobs and they even received large bonuses for "turning things around". A lot of the

lower employees lost their jobs as part of the "turn around" strategies.  

How could I be blind if I did see it?
As I said I work for a back office for mutual funds and I know how much money is coming in. Actually it is transparent. You could see it at their pdf files at mutual funds section of their websites.

Banks are also listed there investing the money that was for safekeeping of the people.
Yeah they thought it is safe while this big companies are making money with the use of that investing it or should I say gambling it.
Then, what if a bankruptcy suddenly happens? Is sorry a good answer for it?

[coinholic]

the plot thickens when you get more involved in th history of bitcoin.

after satoshi departure. there were dozens of devs all running and tweaking their nodes to do fascinating things and following a consensus set of rules that only changed and followed a new path if the majority all had the new rules ready to activate. an could activate without disruption to the majority.

but by 2013. one group decided they wanted to be the core of the network and be the reference client that others should follow their plan of action. they kicked out a few devs and added in moderation policies to rule out some proposed feature changes unless it met their desires.
this group highly promoted their certain plan for the future and even done mandatory comply or go to other network ploys.

so although you feel excited while researching 2009-2010 that you found the red pill to exit the banking matrix.
but you will soon come across the next phase where theres now a new rabbit-hole promoting a wonderland.. but this wonderland are new networks that are banker-esq. because the reference client devs are saying that bitcoin is broke and cant scale and the only future are these alternate networks of co-signatures and watchtowers and fortknox-esq factories.

so its all trying to go full circle and back under a currency control where people need other people authorisation to make payments. because a certain group wants people to think bitcoin and blockchains dont work

A CERTAIN GROUP would most probably refer to the Illuminati. See, the problem with the monetary system prior to Bitcoin is that it is totally controlled by the government and banks, in other words...the Illuminati. This is what Satoshi wanted to break away from. To create something that no other authority has a hand on. This group is all about power and control which basically entails that the people behind it controls the planet as money is the blood that keeps the world turning. And so when Satoshi left, a plot was made and the blueprint on how to control this system has been laid out. The Illuminati is composed of the smartest people on the planet. And so one would think that it is inevitable for them to see the great potential of Bitcoin..and so they did...