Post
Topic
Board Bitcoin Discussion
Re: Did Satoshi expect Bitcoin to last this long?
by
SpanishSoldier
on 15/04/2015, 00:06:02 UTC
Just wondering what you guys think was this just a project that he made whilst being drunk in univeristy and decided to release it and it caught on fast or did he know that it was going to get this big?

This post speaks volume about Satoshi's foresightedness...

Right.  Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating.  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.  I'm sure that in 20 years there will either be very large transaction volume or no volume.

Hal Finney once said, he felt he was communicating with a highly educated man of Japanese ancestry. Satoshi was no way a drunk kid from university.