Post
Topic
Board Bitcoin Discussion
Re: Did Satoshi expect Bitcoin to last this long?
by
dothebeats
on 16/05/2015, 16:05:06 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?

He designed Bitcoin in a way that the supply would keep being filled with new coins until year 2140... so yes, he expected it to change finances forever and to last more than we'll ever live and beyond.

He also probably designed it to consume more and more power over time and cause much larger problems other than solving the problems in the economic and finance sector. The PoW method, over time, will consume a large portion of power of the world if bitcoin continues to go mainstream. If PoW remains to be the method of acquiring bitcoins, then we'll probably need another project to at least use those wasted power into something other than mining digital gold.