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Not only this, Satoshi had even predicted that the price would be very unstable and grow exponentially before it became stable. Early Bitcoiners have known thi
by divs1210 5y ago
Not only this, Satoshi had even predicted that the price would be very unstable and grow exponentially before it became stable.
Early Bitcoiners have known this and predicted it several times. See this post from a decade ago for reference:
https://www.reddit.com/r/Bitcoin/comments/1c5j46/you_people_are_seriously_not_thinking_clearly/ https://www.reddit.com/r/Bitcoin/comments/1c5j46/you_people_...
- lottin 5y agoSatoshi also predicted hyperinflation in 2008 after central banks intervened to mitigate the financial crisis. He was most likely a computer scientist, definitely not an economist.
- hihihihi1234 5y agoHe was most likely this computer scientist: https://en.m.wikipedia.org/wiki/Hal_Finney_(computer_scientist) https://en.m.wikipedia.org/wiki/Hal_Finney_(computer_scienti...
- was_a_dev 5y agoDesktop link: https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist) https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist...
- garmaine 5y agoHal Finney was not Satoshi, and there's not a single shred of evidence in that wiki article pointing towards him. Instead it's just his grieving family being traumatized by scammers.
- hihihihi1234 5y agoThe evidence is circumstantial but not conclusive. Did Finney ever explain how he came to be the recipient of the first ever Bitcoin transaction if he wasn't Satoshi? Who do you think is Satoshi, if not Finney?
- garmaine 5y agoThere is nothing to explain, it is public knowledge. The transaction you mention happened after the public announcement of bitcoin on a mailing list which Hal Finney was active on, and after Satoshi reached out directly to Hal (and others).
- brightstep 5y agoA correct prediction of the former doesn't imply a correct prediction of the latter. For what it's worth, I think it will become stable at around zero USD.