"therichest" money made from thin air - Satoshi Featured.

[casinocoin]

http://www.therichest.com/business/salary/5-internet-millionaires-who-made-fortunes-out-of-thin-air/5/

Satoshi Nakamoto is the epitome of the jocular reply to a classic question. When asked, “How do you make your money,” Satoshi can honestly reply, “The old-fashioned way. I print it myself.” While that’s not exactly true, he did invent his own currency. Bitcoin.

The enigmatic creator of the first and most popular cryptocurrency is believed to hold over $400 million worth of the digital money and, indeed, they are nothing but the fruit of his imagination.

You could consider bitcoins to be a consensually shared hallucination, though really they function based on the same principle that regular money does: They have value because and only because the people who trade in them agree that they have value. They appear on your computer seemingly from the ether, the product of a mining program running on a PC. The only work done to create them being opening and running said program. The only byproduct being heat, the only expense being electricity.

It is believed that Satoshi invented Bitcoins out of frustration with the difficulty of sending wire transfers overseas to purchase model trains. (first ive heard of this) He imagined an internet-native, border-free currency and from his imagination he created bitcoins. He started mining them right away and when they skyrocketed in value his net worth did as well. You could say he literally dreamed up his fortune.

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[Bitcoin Magazine]

http://www.therichest.com/business/salary/5-internet-millionaires-who-made-fortunes-out-of-thin-air/5/

Satoshi Nakamoto is the epitome of the jocular reply to a classic question. When asked, “How do you make your money,” Satoshi can honestly reply, “The old-fashioned way. I print it myself.” While that’s not exactly true, he did invent his own currency. Bitcoin.

The enigmatic creator of the first and most popular cryptocurrency is believed to hold over $400 million worth of the digital money and, indeed, they are nothing but the fruit of his imagination.

You could consider bitcoins to be a consensually shared hallucination, though really they function based on the same principle that regular money does: They have value because and only because the people who trade in them agree that they have value. They appear on your computer seemingly from the ether, the product of a mining program running on a PC. The only work done to create them being opening and running said program. The only byproduct being heat, the only expense being electricity.

It is believed that Satoshi invented Bitcoins out of frustration with the difficulty of sending wire transfers overseas to purchase model trains. (first ive heard of this)He imagined an internet-native, border-free currency and from his imagination he created bitcoins. He started mining them right away and when they skyrocketed in value his net worth did as well. You could say he literally dreamed up his fortune.

that's awesome!  also i heard it was to limit police resources when dealing with drug puchaes (just a rumor.  actually a cold hard fact.  i just made it up to promote BTC   

[S4VV4S]

http://www.therichest.com/business/salary/5-internet-millionaires-who-made-fortunes-out-of-thin-air/5/

It is believed that Satoshi invented Bitcoins out of frustration with the difficulty of sending wire transfers overseas to purchase model trains. (first ive heard of this)He imagined an internet-native, border-free currency and from his imagination he created bitcoins. He started mining them right away and when they skyrocketed in value his net worth did as well. You could say he literally dreamed up his fortune.

Apart from the fact that he didn't spend them 

[hilariousandco]

It is believed that Satoshi invented Bitcoins out of frustration with the difficulty of sending wire transfers overseas to purchase model trains. (first ive heard of this)

That's because they're incorrectly basing it off that Dorian Nakamoto is Satoshi: http://en.wikipedia.org/wiki/Satoshi_Nakamoto#Dorian_Nakamoto

[Beliathon]

(...) [Satoshi] imagined an internet-native, border-free currency and from his imagination he created bitcoins. He started mining them right away and when they skyrocketed in value his net worth did as well. You could say he literally dreamed up his fortune.

"Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.”
-Albert Einstein

Great post, OP. Thank you for sharing.

[leopard2]

A lot of people became rich without deserving it as much as Satoshi does. 

[madmadmax]

Are you fucking stupid?

What if a businessman buys product at point A and sells at point B for a profit, does he then create money? NO! For the very same reasons Satoshi didn't, he deserves every dollar and every cent he made (and if you ask me x2 of what he made), his innovation, time and probably money that he sunk into such a high risk venture earned him that much.

Now before remarking that he was rewarded disproportionately get off your fat asses and try to contribute to humanity 1/100 of what he gave, and no that granny that you helped cross the street 5 years ago doesn't count.

[Dalmar]

Satoshi's stash = controlled by the US gov.

US government is the largest holder of bitcoin (Satoshi's stash, Mt.Gox coins, Darknet raid coins etc.).

Bitcoin is essentially USD 2.0

[Bit_Happy]

Satoshi's stash = controlled by the US gov.

Proof?
Where is the proof?

[Bitcoin Magazine]

Satoshi's stash = controlled by the US gov.

Proof?
Where is the proof?

govt ownes what account ?  what proof

[Bit_Happy]

Satoshi's stash = controlled by the US gov.

Proof?
Where is the proof?

govt ownes what account ?  what proof

There is no proof Satoshi's stash = controlled by the US gov.
It is interesting speculation.

[GenTarkin]

Satoshi's stash = controlled by the US gov.

Proof?
Where is the proof?

govt ownes what account ?  what proof

There is no proof Satoshi's stash = controlled by the US gov.
It is interesting speculation.

Hes probably basing this off a situation where the US happens to be satoshi nakamoto =P

[nuff]

"You could say he literally dreamed up his fortune."

What I can say is the author literally wrote a financial article out of thin air without facts or proof and in direct contradiction to Dorian Satoshi Nakamoto's official statement verifying he is not the creator of Bitcoin whom the basis of the article is based on.