Quote from: MicroGuy on May 14, 2015, 02:28:15 PM

Quote from: Gameroid on April 14, 2015, 10:40:49 PM

Just wondering what you guys think was this just a project that he made whilst being drunk in university and decided to release it and it caught on fast or did he know that it was going to get this big?

Satoshi was a scientist at a major power company looking for ways to artificially increase the world's power demand. The POW (POwer Waste) technology he invented earned him an early retirement along with numerous bonuses and stock options.

This statement got me. The Proof Of Work method of minting new coins is actually a bit of a stretch to the world's ever increasing power consumption. As difficulty goes up, more and more machines need to solve complex mathematical equations so as to mint new coins, which I think isn't feasible in terms of power consumption. It will require more and more power, and that means we could easily deplete our resources faster than ever. I don't know but as I view it, the demands for power to produce new bitcoins is kinda alarming.