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How do you know what Satoshi wanted? For all we know Satoshi might be Paul Le Roux making a way to move value for his ‘business endeavors’

mrkramer 3y ago
Just read white paper....Satoshi was legit; Satoshi was most probably an academic and a business man (I would say gambling industry) who wanted to eliminate fraud and double spending in the digital world. No drugs, no this wild anarchy. He wanted decentralized digital cash, that's all.
- jgilias 3y ago
  And that’s exactly what Bitcoin is. I don’t think someone with his mental faculties would have been naive enough to not realize how it could and would be used.
  - scottLobster 3y ago
    You been following OpenAI drama? Details are still coming out, but so far it sounds like the textbook case for very smart but naive idealists not having a clue as to how people or power work. For example, Ilya Sutskever was apparently at the helm of the now-aborted coup. Look at any picture of him. The guy fancies himself a leader of a corporate coup but lacks the social awareness to shave the ugly scraggly remains of hair off the front of his balding head. Nothing wrong with being bald, but you can at least tidy up your hairline and not be intentionally ugly. Appearances matter, particularly in a public-facing leadership role. Even SBF was smart enough to turn his dishevelment into part of his marketing. Ilya lacks the personality to pull such a thing off, and strikes me as the kind of guy who just doesn't expect to be judged for his appearance, and if someone did he would probably make some moral statement about judging books by their cover. He would be technically correct and completely ineffective, just like his coup attempt.
  - milutinovici 3y ago
    No it isn't. Cryptocurrencies are not currencies at all, because they are all deflationary. More fitting name would be crypto assets.
    - npoc 3y ago
      There's nothing stopping an asset of increasing scarcity becoming a currency, providing the government isn't able to suppress it. In fact, it would have an extremely strong chance of doing so due to it's better store-of-value qualities that would cause weaker currencies to flood the market and go to zero as people transferred their wealth into the harder money.

mrkramer 3y ago

Just read white paper....Satoshi was legit; Satoshi was most probably an academic and a business man (I would say gambling industry) who wanted to eliminate fraud and double spending in the digital world. No drugs, no this wild anarchy. He wanted decentralized digital cash, that's all.

jgilias 3y ago
And that’s exactly what Bitcoin is. I don’t think someone with his mental faculties would have been naive enough to not realize how it could and would be used.
- scottLobster 3y ago
  You been following OpenAI drama? Details are still coming out, but so far it sounds like the textbook case for very smart but naive idealists not having a clue as to how people or power work. For example, Ilya Sutskever was apparently at the helm of the now-aborted coup. Look at any picture of him. The guy fancies himself a leader of a corporate coup but lacks the social awareness to shave the ugly scraggly remains of hair off the front of his balding head. Nothing wrong with being bald, but you can at least tidy up your hairline and not be intentionally ugly. Appearances matter, particularly in a public-facing leadership role. Even SBF was smart enough to turn his dishevelment into part of his marketing. Ilya lacks the personality to pull such a thing off, and strikes me as the kind of guy who just doesn't expect to be judged for his appearance, and if someone did he would probably make some moral statement about judging books by their cover. He would be technically correct and completely ineffective, just like his coup attempt.
- milutinovici 3y ago
  No it isn't. Cryptocurrencies are not currencies at all, because they are all deflationary. More fitting name would be crypto assets.
  - npoc 3y ago
    There's nothing stopping an asset of increasing scarcity becoming a currency, providing the government isn't able to suppress it. In fact, it would have an extremely strong chance of doing so due to it's better store-of-value qualities that would cause weaker currencies to flood the market and go to zero as people transferred their wealth into the harder money.