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That wasn't the original use case for crypto. In the bitcoin white paper he mostly talks about micropayments, which bitcoin has ironically failed at.
by woah 8y ago
That wasn't the original use case for crypto. In the bitcoin white paper he mostly talks about micropayments, which bitcoin has ironically failed at.
- SkyMarshal 8y agoHe covered his bases and talked about everything, but micropayments don’t need expensive decentralization to implement. Incorruptible digital money does.
- Qasaur 8y agoThis is wrong. Satoshi Nakamoto was incredibly well-read in the Austrian school and mentions central bank controlled credit bubbles in his whitepaper as well as in many of his online posts on forums. The genesis block is even dedicated to this goal: https://en.bitcoin.it/wiki/Genesis_block https://en.bitcoin.it/wiki/Genesis_block "The coinbase parameter (seen above in hex) contains, along with the normal data, the following text: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
- tim333 8y agoI don't see any mention of credit bubbles in https://bitcoin.org/bitcoin.pdf https://bitcoin.org/bitcoin.pdf