The Man Who Saw Tomorrow

[alastantiger]

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.

"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?

[1714608359]

1714608359

[1714608359]

1714608359

[1714608359]

1714608359

[Odusko]

If you have taken the time to study the entire Bitcoin white paper, you will be well informed about several events both present and future events as it has to do with Bitcoin and its existence and unique nature, this is why we must be at peace at all time when some events take place with bitcoin and it network because satoshi nakamoto took the time to explain and outline all the features of the coin and the challenges it may meet as it grow and the pattern to solving those challenges.
E.g the current state of things with the transaction volume, and fees occasioned by network congestion, this is not the first time similar problems are faced in the Bitcoin blockchain and even though this was included in the whitepaper also, truly satoshi saw the future and he made adequate preparation for them to help keep the network running without interruption.

[KingsDen]

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.

"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.

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

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.

[mk4]

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.

To be fair — we have no idea on what Satoshi meant by "large transaction volume", as what "large" means can be quite subjective.

[dzungmobile]

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.

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

It is an interesting quote but it does not support your intention to show that Satoshi Nakamoto saw the future.

His quoted post only writes about two scenarios for Bitcoin, massive success or completely failure. Anyone can predict future this way. 

[Don Pedro Dinero]

Well, I don't think Satoshi had anything like the Ordinals in mind, but it's clear that he was a genius with a great vision for the future. It's just that it's very difficult when you invent something that after 20 years it's exactly the way you planned it. I don't think that when he created bitcoin he was thinking of the many people who buy it on Coinbase, for example.

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

The quote says something logical: that in 20 years bitcoin would have either triumphed or gone to shit. With that date not far off, it is clear that it is succeeding more than anything else.

[Plaguedeath]

That's because Bitcoin is the most unique coin and completely different than fiat.

Bitcoin is decentralized, transparent, limited supply, secure, deflationary and borderless transaction.

While fiat is centralized, not transparent, unlimited supply, not that secure, inflationary and not borderless transaction because it's need a help of other service.

So it's either most of country will ban Bitcoin which could make the volume is small or most of country don't really care and let their citizens to choose, this will make the adoption high due to that uniqueness.

[Frankolala]

Satoshi wasn't specific with his decision on bitcoin survival,he only came up with two possible outcome of bitcoin. According to his statement, it is either bitcoin will grow high in its adoption in 20yrs time or bitcoin will be no more in 20yrs time.

But from the look of things one of this phrase must come to past,which is the positive side of his prediction that has come to past even though it is not up to 20yrs. The decentralized aspect of bitcoin, resistance to inflation,,seen as a store of value,bitcoin halving and limited supply has sustained bitcoin all the way from 2009 till date. No matter whatever challenges that has been brought on bitcoin through the economy or the government, Bitcoin adoption will still keep on increasing.

[Doan9269]

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.

"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?

Satoshi is being passionate in what he does and this begins when he first have the interest of the world to himself in seing a better financial situation than we've been having, he knew that risk he was taking in making a serious research and findings in other to get bitcoin invented, he also knew about the risk involved upon this research work he embarked to be either successful or failure, but here's the results of what he had done 14 years baxk and still counting as a lifetime achievement and it turned to a success we all have today with bitcoin.

[hugeblack]

I do not think that this is what Satoshi meant, otherwise what happened in 2017 is a confirmation of what he said, the blocks are currently full, but most of them are spam or useless data (not peer-to-peer transactions or real use of bitcoin)
What Satoshi meant was a very large transaction volume in the sense that more and more people would use Bitcoin and thus a currency for international trade or a dead currency.

In general, 6 years remain for the statement to be finally verified, and perhaps the 20-year period is the period of maturity of technology, just as it happened with the Internet.

[Accardo]

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.

To be fair — we have no idea on what Satoshi meant by "large transaction volume", as what "large" means can be quite subjective.

Literally, Satoshi was talking about Positive and negative feedback loop when he made that statement; large transaction volume is possible if more people keep transacting with bitcoin and small transaction volume if the number of traders decline. He was explaining in simple sense how bitcoin price works. Hence, it doesn't sound as seeing the future, yet its a prediction that took one side, which is the large transaction volume. Who knows what happens at the actual moment, 20 years, of his prediction if it'll take a negative feedback loop or Positive feedback loop.

[TravelMug]

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.

"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?

And just like what Nostradamus, with his prediction, it is open for interpretations.

We don't know what Satoshi is referring to as far as large transaction volume or no volume. We could interpret that as bitcoin becoming successful, being used and adopted, or will just die down = no volume.

[jrrsparkles]

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

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.

He predicted the future when no one really thought Bitcoin will grow up to this level. We can see now people are talking about tackling high number of incoming transactions and surely there needs to be some change in the block size if we assume Bitcoin will be the main stream payment mode because for now TPS of Bitcoin is only around 7 to 8 which is no where near if we compare the payment processors like Visa which can process 24K transactions per second.

[Shamm]

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.

"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?

Satoshi Only predicted what will happen but he didn't saw the future. Prediction and seeing is not the same that's why the quote below that he predicting two scenarios and one of that is after 20 years theres's a high volume of transactions and this is actually what happening right now and this is the proof that bitcoin is getting wider. And the second is after 20 years there's no volume of transaction which not happening right now.

 

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

[cryptoaddictchie]

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.

This is a general assumption and even we dont yet on the 20years something like this should be expected cause he himself can see some flaws or assume a problem along the way. Of course not every system are perfect and this is something we also take into account. He knows very well a possible problem to his creation and being like that means his really a genius. Who can predict orfinals can make such traffic isnt it.

[m2017]

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.

"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?

It amuses me to see statements about future predictions and Nostradamus on a technology forum.

You expressed yourself incorrectly. Satoshi didn't see the future, but created this future.

Also, you made a mistake with the interpretation of Satoshi's quote. I think he meant that 20 years later bitcoin will be in demand and will be used (which is why the volume of transactions will be high). Otherwise, bitcoin will be of no use to anyone and will not be used at all.

In one thing, you are right that 20 years have not passed yet and we still can't verify the relevance of Satoshi's statement. In general, the figure of 20 years should not be taken literally.

I think that Satoshi's quote has nothing to do with the current situation with high commissions, with which OP is trying to find a connection.

[Sandra_hakeem]

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.

Simple!
That's exactly the same thing that came through my mind when I first read that post... I wasn't seeing any conciseness in there; it was written with a big uncertainty.
On the other hand, I won't say Satoshi was ignorant of what he created.... maybe, he was only tryna figure out the probability of it becoming a trend in today's digital market. Alot has been said than done over the years already so I feel the big digital currency still owes the world its complete renaissance,... But ofcourse, time will always be the difference between the past, present and the future to come.

Sandra 🧑‍🦰

[Hyphen(-)]

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.

I also think the same way because if Satoshi actually see future as the OP said, he could have predicted the exact amount of Bitcoin in every decade.

I think the Bitcoin whitepaper has given the entire hint and ideas behind Bitcoin technology and development, the massive adoption will result to different ideas and observation which every one can drive their observations and predictions about what might happen in future of 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

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.

This has started happening from now, and as Caveden has said, the rules would have been easy to update then, but now it will be very difficult to change any rule easily.

[Lamkuthang]

Interesting quote, Despite the challenges posed today and the current increase in volume neither I nor others firmly believe Bitcoin will survive. Other predictions include Bitcoin becoming a global reserve currency, promoting financial inclusion, and witnessing future technological advances.

[pooya87]

That sounds like something you'd say when you want to be correct no matter what! It is not exactly a prediction. Not to mention that the transaction volume has indeed increased but what you referred to in OP about the congestion is actually an attack that is causing artificial traffic in the bitcoin network that is not generic bitcoin transactions sending money around as Bitcoin was meant to do.