Why Satoshi was dumb

[PrivacyG]

If I knew you in person and I found out you would do anything for the money, I would not be able to ever trust you again.  This is not how things should work.  There are some people who just do it for the humanity.  For the rest of us.  And I can not think of Satoshi as dumb for not taking advantage of us.  I can only admire him or them for it, it is a rare personality these days.

In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.

At least this is how you know there is one, little hope for humanity left.  If even Satoshi did to Bitcoin what today's dog breed coin creators are doing to their coins, there would have been no hope left in my eyes.

-
Regards,
PrivacyG

[1714793110]

1714793110

[aysg76]

I can't tell if you are trolling, are sarcastic or serious. The tone is not being conveyed in text form.

In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.

Exactly each project has been working on the prime motive of profit making with the decentralisation concept also but have failed to do so.For example the if the project becomes successful they failed to implement the tokenomics properly as they airdrop themselves with the majority of supply again making it centralised and then pump and dump scheme.

But what Satoshi built was completely mathematical genius code taking each aspect for long term into mind that makes it completely decentralised with deflationary nature and network being secured so if you call him dumb for creating something unique which is out of your understanding capacity then you are the one who should be called dumb.

Name any other coins which stands above bitcoin in any aspect? Now some will say fees and speed so the LN has solved this issue also but do we care to read and explore more about them? So avoid creating such topics which are irrelevant and you are using the forum which was initiated by that genius whom you are calling dumb.

[mindrust]

I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.
Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.
13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.
Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person
Do not ever forget, we live in a clown world.
Cheers
favorite shitcoin meme: https://i.redd.it/wwsiw79sa4l81.jpg

satoshi wasn't a god. He wasn't the smartest person on earth neither. He accomplished some good stuff but people praising him like he was a godly being is kind of edgy.

How do you even know that he don't own the private keys of his coins? It is a big possibility that he still controls those coins. The point is you'll never know and since you can't know, you can't say stuff like "he was dumb" because he very well may surprise everybody.

[Marvelman]

I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.

You're comparing the creator of Bitcoin and the originator of the entire cryptocurrency concept to some idiotic copy-paste developers (I'm not saying they're all like that)? Do you realize that these thousands of shitcoins you're talking about wouldn't even exist without Bitcoin?
Who's dumb now?

Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person

So he's a genius now?

[Lucius]

Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'.

Yes, that doesn't quite fit into today's narrative of all these shitcoins appearing like mushrooms after the rain, and they all aim to get rich quick at the expense of an army of naive people. Luckily for all of us, Satoshi was a little more intelligent than all those who want to invent hot water today, and I realize that some find it very difficult to understand that Bitcoin was invented for some reason other than to make the owner rich.

The problem with you and most people in this world is that you suffer from the need for someone to rule over you, to tell you every day what you can and can't do. The mental complex of modern slavery in the perverted ideology of the free world is not your dream from which you wake up lucid, it is the reality in which you live.

[menoiazei]

I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.

Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.

13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.

Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person


Do not ever forget, we live in a clown world.


Cheers




favorite shitcoin meme: https://i.redd.it/wwsiw79sa4l81.jpg

  Still after all these years and god knows how many premined shitcoins later Bitcoin is #1 and Satoshi the boss
and the future decentralised

[South Park]

I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.

Back in 2008/2009 when Satoshi created/launched Bitcoin, he made the decision to 1) Have no premine 2) Never spent any of the coins he minted. 3) Disappear to eradicate himself as the last form of 'authority'. His reasoning probably being that nobody in their right mind would buy into a crypto that was unfairly distributed from the beginning, of which its creators would stand to benefit most and was controlled by them. I think at this point, you realize where I'm going with this.

13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.

Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person

One of the main ideals behind bitcoin is freedom, if people want to invest in shitcoins and lose their money that way they are free to do it, we may warn them about the dangers and why it is a bad idea but that is it, at the end it is their decision to make, now it is obvious that judging satoshi by his actions he was not interested in either the money or the fame, so since he got from bitcoin exactly what he was looking for I do not see how you can say those things about satoshi, maybe you would not have done what he did and that is why you do not understand at all his motivation, it is true that money and fame are almost universal motivators, the keyword here being almost, some people just do things to prove themselves they can do them, and at least to me satoshi falls into that category.

[larry_vw_1955]

Nope, and actually I'm totally fine for him taking profits because he/she/they totally deserve it. But regardless, the sort of anti-capitalist people on social media would be spewing BS like saying that Satoshi has only been in it for the money or something like that.

yeah exactly. people needs to remember that when they click on the "buy button" for bitcoin, they are signing an agreement that says "I agree that any bitcoin address that holds funds might sell at any time." they signed the agreement when they bought their btc 

[cabron]

OP should just sleep again because you are not actually experiencing lucidity but somehow you think so.
Blockchain opens every possibility in the world that even if we count out BTC, it's still worth releasing the technology. I'm sure he didn't make BTC for money for if he did, he could have cashout already enjoying every second of his life instead blockchain helped individuals to have more freedom.

[Fundamentals Of]

The intention of Satoshi was good. And he was consistent in pursuing it. He simply was a person who have sort of foreseen everything. He seemed to have known everything that would make his invention successful. All things were considered. He made it perfectly. But more than that he made sacrifices for its success.

But to the surprise of everybody who saw and believed Satoshi's vision and invention, shitcoins which were all Bitcoin was not, also sold well to the people. Satoshi must have asked himself, where did I go wrong? Lol.

[Wind_FURY]

The intention of Satoshi was good. And he was consistent in pursuing it. He simply was a person who have sort of foreseen everything. He seemed to have known everything that would make his invention successful. All things were considered. He made it perfectly. But more than that he made sacrifices for its success.

But to the surprise of everybody who saw and believed Satoshi's vision and invention, shitcoins which were all Bitcoin was not, also sold well to the people. Satoshi must have asked himself, where did I go wrong? Lol.

There are no "good intentions"

There are no "bad intentions"

There are only

[Some action]

Intentions

 

Satoshi knew he had the "formula" for the censorship-resistant network/protocol for "money" that the Cypherpunks have always failed to build. Whatever Satoshi's intentions were, the secret component was adding Proof of Work in the "formula", and Satoshi needed to let the cat out of the bag.

[Zlantann]

Yes he was dumb based on your standard. We live in a world where selflessness has lost its place and value. Every invention or innovation that exists today is driven by profit maximization. Although is Satoshi anonymous hence we cannot say he/she is living or not living a life of luxury somewhere. But from the operations of Bitcoin, Satoshi was not totally driven by wealth or riches, and this indeed makes the Bitcoin founder an extraordinary human. For the fact that he remained anonymous also prove that he is not also motivated by fame. Rather his driving force was to accomplish what he dreamt of and helping people gain financial freedom.

[NeuroticFish]

I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.

Thinking one has fully understood other individual's reasoning is imho at least naive, if not plain dumb.
Thinking one knows for sure how much bitcoins other individual has is imho at least naive, if not plain dumb.

From my knowledge one important point in Satoshi's leaving was his own physical security/integrity.
If he's alive and well, I surely hope that he did buy or mine plenty of bitcoins around 2010 so he has a good life.
Since we don't know who is he, we don't know if he has known crypto business and lives between us or he's enjoying life somewhere far from all this.


And any wild guess about what he has done after leaving.. is just a guess. We will probably never know the truth.

[virasog]

13 years later, there are many thousands of shitcoins, most of which had some form of premine, made the creators bank and are still in control to a high degree. These shitecoins are worth millions and some even 100s of billions.

Even a genius like Satoshi miscalculated the stupidity, ignorance and greed of the average person

Remember that Satoshi only created bitcoins and no altcoins. Who cares about those shitcoins and if you invest in those altcoins, it's your own fault.
Satoshi has given us the best cryptocurrency, that is Bitcoin. If you invest in other altcoins, don't blame satoshi, blame yourself and your greediness.

[Wind_FURY]

I woke up today, completely lucid, with the following realization: Satoshi was naive at worst and plain dumb at worst.

Thinking one has fully understood other individual's reasoning is imho at least naive, if not plain dumb.
Thinking one knows for sure how much bitcoins other individual has is imho at least naive, if not plain dumb.

From my knowledge one important point in Satoshi's leaving was his own physical security/integrity.
If he's alive and well, I surely hope that he did buy or mine plenty of bitcoins around 2010 so he has a good life.
Since we don't know who is he, we don't know if he has known crypto business and lives between us or he's enjoying life somewhere far from all this.


And any wild guess about what he has done after leaving.. is just a guess. We will probably never know the truth.

OP is merely trolling. Satoshi left nothing, or tried to leave nothing, open for nefarious groups, or government agencies to use something like a "premine" in Bitcoin's boot-strapping phase to FUD the project. Satoshi himself also took extra steps, and made sure his identity is hidden. It might either be, he's someone "known" or he works for a tech company who doesn't want the intellectual property rights of his invention to belong to that company.

[Fundamentals Of]

The intention of Satoshi was good. And he was consistent in pursuing it. He simply was a person who have sort of foreseen everything. He seemed to have known everything that would make his invention successful. All things were considered. He made it perfectly. But more than that he made sacrifices for its success.

But to the surprise of everybody who saw and believed Satoshi's vision and invention, shitcoins which were all Bitcoin was not, also sold well to the people. Satoshi must have asked himself, where did I go wrong? Lol.

There are no "good intentions"

There are no "bad intentions"

There are only

[Some action]

Intentions

 

Satoshi knew he had the "formula" for the censorship-resistant network/protocol for "money" that the Cypherpunks have always failed to build. Whatever Satoshi's intentions were, the secret component was adding Proof of Work in the "formula", and Satoshi needed to let the cat out of the bag.

But if Satoshi wanted to create a better money, a currency which is resistant to the abuses of those few people who are controlling fiat, I must say the intention was good. We have a generally bad fiat currency so if somebody wants to correct that and tries to create a much better alternative, the intention must be considered good. To innovate in order to provide freedom for the people is to mean good. Is there even a neutral intention?

[Wind_FURY]

The intention of Satoshi was good. And he was consistent in pursuing it. He simply was a person who have sort of foreseen everything. He seemed to have known everything that would make his invention successful. All things were considered. He made it perfectly. But more than that he made sacrifices for its success.

But to the surprise of everybody who saw and believed Satoshi's vision and invention, shitcoins which were all Bitcoin was not, also sold well to the people. Satoshi must have asked himself, where did I go wrong? Lol.

There are no "good intentions"

There are no "bad intentions"

There are only

[Some action]

Intentions

 

Satoshi knew he had the "formula" for the censorship-resistant network/protocol for "money" that the Cypherpunks have always failed to build. Whatever Satoshi's intentions were, the secret component was adding Proof of Work in the "formula", and Satoshi needed to let the cat out of the bag.

But if Satoshi wanted to create a better money, a currency which is resistant to the abuses of those few people who are controlling fiat, I must say the intention was good. We have a generally bad fiat currency so if somebody wants to correct that and tries to create a much better alternative, the intention must be considered good. To innovate in order to provide freedom for the people is to mean good. Is there even a neutral intention?

It was merely my humble opinion, and you might disagree and you would also be right. But from my point of view, the intention was more technical than moral. Bitcoin had to be invented, and it was Satoshi that invented it first. If he failed, I believe another coder would have discovered that the Proof of Work was the most required component for something like "a Bitcoin".

[wozzek23]

Remember that Satoshi only created bitcoins and no altcoins. Who cares about those shitcoins and if you invest in those altcoins, it's your own fault.
Satoshi has given us the best cryptocurrency, that is Bitcoin. If you invest in other altcoins, don't blame satoshi, blame yourself and your greediness.

Even the satoshi themselves aware of that like this can happen but what can they do to prevent it? Nothing. He just focused on his own business and do what makes him think right. I wouldn't call him dumb for his bitcoin invention but I will call him a genius because if I look in the process of how to make bitcoin, it's so complicated.

If there is someone that we can blame for the altcoins and shitcoin that we see right now, that is not satoshi but that is their own creators while there are coins that we think bad but they are actually helpful because they serve as an alternative to bitcoin, that is why there is that word "altcoins" that we are using when we talk about coins other than bitcoin.

[pawanjain]

I can't tell if you are trolling, are sarcastic or serious. The tone is not being conveyed in text form.

In case you are serious is there is anyone thinking this way, I have to tell them that not everyone is doing everything for the "money". You don't necessarily have to be rich to not want money, one can be not-rich and still be content at the same time.
If you can't understand this, it means you are not and will never be content in your life even if you had all the money in the world.

That was a mind blowing reply indeed. I would have given a plenty of merits but you already have many. So I will reserve it for other posts 

What you say is very true. Being rich definitely doesn't mean one should have lots of money.
It simply means he should have enough food to survive through the day and happiness in his life to be satisfied with what he has.
Satoshi didn't seem to care about money and cared about his privacy because if it might affect his life and also his loved ones' lives.
So he pretty much didn't care about the money and vanished for good and I respect him for that.
Calling him dumb for this seems like a preposterous act.

[South Park]

The intention of Satoshi was good. And he was consistent in pursuing it. He simply was a person who have sort of foreseen everything. He seemed to have known everything that would make his invention successful. All things were considered. He made it perfectly. But more than that he made sacrifices for its success.

But to the surprise of everybody who saw and believed Satoshi's vision and invention, shitcoins which were all Bitcoin was not, also sold well to the people. Satoshi must have asked himself, where did I go wrong? Lol.

One of the thing with inventions is that once the inventor releases their creation to the public at large what happens after it is not under their control at all, when it comes to the things that Satoshi could control everything was executed to perfection, however once he released bitcoin now it was up to the public to do their part, and while without a doubt the growth of bitcoin has been impressive, at the same time the market of shitcoins is probably way larger than what anyone could have imagined back then, but Satoshi is not at fault for this, the ones at fault are all of those that keep investing and losing their money on those shitcoins.