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Author Topic: The Man Who Saw Tomorrow  (Read 263 times)
BitDane
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June 11, 2023, 06:41:13 PM
 #21

After Nostradamus, I would say that Satoshi is another man who saw the future. For instance, he predicted what is currently happening with bitcoin transactions many years ago. This is a quote I found on the forum.

Quote
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi

True to it, bitcoin is not yet 20 years old, and we are already seeing very large transaction volumes that are taking almost forever to get to the recipients. We don't know when this will end or how it will end, but we are sure that whenever it ends, bitcoin will still be standing. What are the other predictions that Satoshi has made that are happening now, have happened, or are yet to happen?

I echo with other reply, Satoshi does not know the future of Bitcoin since if you read through the context of your quoted statement, Satoshi do not know what the future lies for bitcoin reason why he stated a double standard statement since it is either huge volume or no volume at all, saying both simply means he does not know the exact trend of Bitcoin in the future.  It is like saying that you will open this forum on Saturday or you will not.  Grin
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June 11, 2023, 07:35:29 PM
 #22

After Nostradamus, I would say that Satoshi is another man who saw the future. For instance, he predicted what is currently happening with bitcoin transactions many years ago. This is a quote I found on the forum.

Quote
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi

These words of Satoshi have nothing to do with the forecast. This is similar to how some experts make "forecasts", who in one sentence say that the price of bitcoin will rise, but at the same time mention the fact that the price may decrease. In this case, their forecast always comes true))

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June 11, 2023, 07:48:54 PM
 #23

Satoshi didn't see any future here. Infact he didn't make any prediction. He just said something from the both side of the coin. So, if it is not this, it must be that.
It is just like telling you that in 100yrs time, the price of bitcoin will be very high or there will not be bitcoin.

The person I will give this credit is Caveden who said his opinion in a post made by Jeff far back 2010 about block limit increase. See what he said
Quote
I think we should schedule a large increase in the block size limit right now while the protocol rules are easier to change. Maybe even schedule an infinite series of increases, as we can't really predict how many transactions there will be 50 years from now.
Well at least he wasn't thinking there will be the same amount of transactions in the blocks as a random shitcoin. He was convinced that the blockchain technology will meet some needs or those needs will be covered by another mean. IMO in his thoughts Bitcoin would fail as some other numeric currencies or would be another Paypal.

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June 11, 2023, 08:52:05 PM
 #24

True to it, bitcoin is not yet 20 years old, and we are already seeing very large transaction volumes that are taking almost forever to get to the recipients. We don't know when this will end or how it will end, but we are sure that whenever it ends, bitcoin will still be standing. What are the other predictions that Satoshi has made that are happening now, have happened, or are yet to happen?
What satoshi said was normal, he didn’t make anything special, if am going to interpret what Satoshi said, it means in the next 20 years, it’s possible for bitcoin to be successful or in 20 years it’s possible for bitcoin to be dead, no one will hear about bitcoin again. But in less than 20 years, bitcoin is already having a large transaction meaning bitcoin is already successful, few weeks ago bitcoin mempool was so congested which leads to increase in gas fee, I think that’s the large transaction he was talking about.

Satoshi knows that if bitcoin could survive, then the amount of people that will be using bitcoin will be increasing on a daily basis, currently lots of people don’t still know about bitcoin, am just thinking about how bitcoin adoption will be in the next 20 years.

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June 12, 2023, 04:35:46 AM
 #25

After Nostradamus, I would say that Satoshi is another man who saw the future. For instance, he predicted what is currently happening with bitcoin transactions many years ago. This is a quote I found on the forum.

Quote
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi

Satoshi didn't see any future here. Infact he didn't make any prediction. He just said something from the both side of the coin. So, if it is not this, it must be that.
It is just like telling you that in 100yrs time, the price of bitcoin will be very high or there will not be bitcoin.
This one. Smiley
It's like "If this will not happen then this one will happen". It's not a prediction, but a mere statement. It's like "If you will not win, then you will lose."

TBH, using "HE" to describe Satoshi is kind of irrelevant because at first place, we don't know who Satoshi is. Anyway, are you saying then that Satoshi is like an alien from the future then who knows what can happen a few decades from now? Satoshi said that because he/she/they believe that his/her/their invention is one of a kind, and either we use it or not. Surprisingly (or not), people trusted Bitcoin, and now we are using it, so his/her/their first statement is the correct one.

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June 12, 2023, 08:49:09 AM
 #26

Satoshi is one of the geniuses who made the world in an uproar with his product, the presence of Bitcoin has received international recognition for Satoshi's success in launching his product called "BITCOIN". Satoshi can't really see the future, Satoshi's writing you quote has two different meanings. Even though he starts the word with "I'm sure", at the end of the sentence he uses the word uncertainty there. There will or no volume indicates his prediction does not have 100% accuracy.
If different conditions existed in the present, perhaps people would think what Satoshi said was inconsistent with genius. Even though at that time he made predictions based on two different paths, maybe there would be volume or no volume.

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June 12, 2023, 12:08:48 PM
 #27

After Nostradamus, I would say that Satoshi is another man who saw the future. For instance, he predicted what is currently happening with bitcoin transactions many years ago. This is a quote I found on the forum.

Quote
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi


He predicted that his creation will be adopted or will be ignored based on that quote and the former is what is happening now.

One of the things that Satoshi overlooked is the use of a mining pool and ASIC hardware to gain an edge in mining.

He understands that his creation will have a direct conflict with the government system which is why he prefers to vanish and leave everything.
I think by leaving the main focus will be on his creation instead of the creator.


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June 13, 2023, 10:03:05 PM
 #28

After Nostradamus, I would say that Satoshi is another man who saw the future. For instance, he predicted what is currently happening with bitcoin transactions many years ago. This is a quote I found on the forum.

Quote
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi

True to it, bitcoin is not yet 20 years old, and we are already seeing very large transaction volumes that are taking almost forever to get to the recipients. We don't know when this will end or how it will end, but we are sure that whenever it ends, bitcoin will still be standing. What are the other predictions that Satoshi has made that are happening now, have happened, or are yet to happen?
The invention of the man who created Bitcoin had bring lots of riches to human lives. There are people that would still be poor till now if not for cryptocurrency which had change the lives millions of people. It has also aided the continueous dumping of the bank power to access all our transactions and determine how we are going to spend our money. So many things was happening then before the invention of Bitcoin and now we have seen for ourselves that the creator had something in mind to pass to the other generations so that they will keep benefiting.

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June 13, 2023, 10:20:17 PM
 #29

bitcoin is already having a large transaction meaning bitcoin is already successful, few weeks ago bitcoin mempool was so congested which leads to increase in gas fee, I think that’s the large transaction he was talking about.
Increase in transaction fee, not gas fee. Quite a lot of Bitcoin transactions are happening quite alright, but the mempool congestion that has been happening for a couple of weeks now is somewhat different, it isn't really Bitcoin transactions that is clogging the network, but people who are using the Bitcoin network wrongly, thus clogging the mempool and it is different from what Satoshi ever envisaged.

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