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Author Topic: Satoshi didnt give us bitcoin to make a bunch of nerds rich.  (Read 2776 times)
JimDowJones (OP)
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November 29, 2014, 05:26:35 AM
 #1

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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sonofacoin
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November 29, 2014, 06:39:00 AM
 #2

Thanks for the reminder...

Do you feel more free? Please explain.
JimDowJones (OP)
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November 29, 2014, 06:52:45 AM
 #3

I run a business that deals mostly in the internet, so most of my money gets middle manned by paypal and other payment processors. At the moment about 20percent of my users pay in btc, so i can easily see a future in which all online payments are conducted in bitcoin. I can understand why you cant see the potential of bitcoin if you dont conduct business on the internet.
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November 29, 2014, 07:09:27 AM
 #4

I don't need to have a business to understand the potential... Thanks, but having a business online does not make you special.

Are you controlling your own destiny? Tell me how you still go fiat.

dinofelis
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November 29, 2014, 09:15:03 AM
 #5

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.

I would think that whatever were Satoshi's intentions, they don't matter.  Bitcoin is now of the people using it, and if they have other purposes and intentions, that's what counts.
This is also the answer to "was bitcoin a pump and dump" ?  Maybe it was intended that way, or maybe not.  And maybe it will be used that way, or maybe not.  But what was the initial intention, and what will be the actual usage, has nothing to do with each other.  Once the genie is out of the bottle it doesn't belong to the bottle anymore.
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November 29, 2014, 09:36:59 AM
 #6

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.

Yeah, the price is not important
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November 29, 2014, 12:12:13 PM
 #7

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.
The purpose is never important in live, remeber that. Just the fact he made it and we're getting rich because of it, that's all what counts. But how could you know satoshi had any other purpose than getting rich? You don't even know him.
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November 29, 2014, 12:53:31 PM
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He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.

Welcome in todays world, where peoples first priority is to get a financial benefit  Smiley

Most inportant reasons for me to like Bitcoin :

* Avoiding shitty and costly pay services such as Paypal, WU, etc.

* My money is 100% mine. I can spend it when I want, and how I want.
brian_23452
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November 29, 2014, 02:38:52 PM
 #9

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.

If his white paper is believed,  his purpose in creating bitcoin was to create a completely irreversible payment system.  Any other purpose you may feel has "been lost sight of" never existed in the first place outside of your own imagination. 
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November 29, 2014, 02:45:57 PM
 #10

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny

And can we not escape it by becoming rich?  Cheesy. I jest, I'd much rather everyone used it to get away from the corrupt banks, but this will take time if ever.
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November 29, 2014, 05:33:40 PM
 #11

My life is exactly the same post-Bitcoin and i wish i was one of the early adopters, now that is a life changing experience.
Most people running btc businesses are dumping for fiat anyway (see overstock).

My only hope is the price goes insanely high in 10 years, then maybe my life changes enough for Bitcoin being a thing i'll remember for life.

As far as corruption goes.. you could lose your money because of a corrupted bank, or lose your bitcoin because of a corrupted business or because you lose your wallet. Thats just bad luck.
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November 29, 2014, 07:35:04 PM
 #12

My life is exactly the same post-Bitcoin and i wish i was one of the early adopters, now that is a life changing experience.
Most people running btc businesses are dumping for fiat anyway (see overstock).

My only hope is the price goes insanely high in 10 years, then maybe my life changes enough for Bitcoin being a thing i'll remember for life.

As far as corruption goes.. you could lose your money because of a corrupted bank, or lose your bitcoin because of a corrupted business or because you lose your wallet. Thats just bad luck.

I want to add something :
Yes maybe we both is not bitcoin early adopter , but there is some guys who become early adopter and still not rich because bitcoin too.
Dont let our self down because of that , mining with small fund will not give us profit , the only ways we can get rich by bitcoin is trading but we know about the risk its same like gambling.
Or we can buy bitcoin now while price is between $ 300 - $ 400 , and keep it in our cold wallet for safety.
Like you said before , you hope price will go insane in 10 years , but i think price will go insane in 3-4 years ahead.

Cheers and Peace  Grin

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Ibian
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November 30, 2014, 12:12:51 AM
 #13

Yes he did.

For real.

The potential to earn money is why most of us are here. Bitcoin would never amount to anything without it. That is its very purpose, or at the very least a required gateway.

Look inside yourself, and you will see that you are the bubble.
brian_23452
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November 30, 2014, 03:51:48 AM
 #14

Yes he did.

For real.

The potential to earn money is why most of us are here. Bitcoin would never amount to anything without it. That is its very purpose, or at the very least a required gateway.

Careful, that's blasphemy around these parts  Cheesy
Why, you almost sound like a banker!  Shocked
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November 30, 2014, 11:31:20 AM
 #15

Having Bitcoin is a win-win, you escape fiat and have a increasing purchasing power.
panju1
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December 01, 2014, 12:16:17 AM
 #16

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.

The phase where nerds got rich is now over.
You can say "Bitcoin" on the streets now and there will be a sign of recognition on most people's faces. It may not have reached the phase where the common Joe is comfortable using it to make purchases, but we are getting there.
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December 01, 2014, 12:26:06 AM
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There is no fair way of initially distributing a new kind of money - specially when most people start out not knowing, or thinking it is shit money. Specially when the powers that shouldn't be works against it as hard as they can (yes it is as hard as they can, they can't really resist it harder).

Save yourself and have a nice stash of coins. It is work - mind work. I think I deserve mine, it is not as I have tried to keep the knowledge as a secret.

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December 01, 2014, 05:47:47 AM
 #18

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.

The phase where nerds got rich is now over.
You can say "Bitcoin" on the streets now and there will be a sign of recognition on most people's faces. It may not have reached the phase where the common Joe is comfortable using it to make purchases, but we are getting there.
Plenty of estimates have been made as to the final value of one coin. My personal conservative estimate is $100k with a million as an outside chance. Theoretically it can go higher but no need to get ones hopes up. Others say $300k. Even the 40k the Winkles estimate would be plenty to make someone "rich" depending on definitions.

We are not done yet. Not even close.

Look inside yourself, and you will see that you are the bubble.
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December 01, 2014, 06:50:38 AM
 #19

He made Bitcoin so you could escape enslavement by the financial system. Satoshi gave you life, he gave you the power to control your destiny!

It's easy to lose sight of the real purpose of Bitcoin during these bearish times. I felt the need to give that reminder.

Even if this was true, then the bitter truth is that most ppl and capitalism do not give a shit about his intentions. Real purpose of national socialism in Germany was not to kill Jews as well. Who gives a fuck about real purpose. Almost nothing in this world ends in a way how the original plan. Bitcoin for sure will not end like that. So what?
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December 01, 2014, 07:04:02 AM
 #20

And in return for embracing satoshi's idea, we've become a more wealthy online population.
That's the reward for enthusing what you believe in!
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