=> he needed a kind of decision game so that at any moment, only one decider was going to decide upon the consensus, that is, the full list of accepted past valid transactions. As he didn't want (at first) a central authority, he needed a LOTTERY BETWEEN PARTICIPANTS.
Please stop trying to pretend you know anything.
We can attain consensus without relying on only one decider. One decider happens to work well for the system Satoshi designed, but it isn't the only way to design a consensus system with probabilistic finality.
You are just making up handwaving noise to obfuscate that you haven't added anything substantive to my rebuttals.
That's more or less it. I don't think Satoshi's insight went beyond that, but that was already quite something.
Incorrect.
He would also need to deeply understand FLP impossibility theorem and the difference between probabilistic finality and the deterministic finality of Byzantine agreement.
Additionally the game theory economics and Nash equilibrium analysis is essential for understanding if the system will be stable or be a tragedy-of-the-commons. Also for understanding that the failure mode of the system is that it becomes completely centralized in one entity over the very long-term, if it becomes the paramount reserve currency in the world.
Also once you understand that, monetary systems, and finance, he would then understand how Bitcoin is ideal money until it becomes monopoly, then it shifts to 666 totalitarian.
You're not going to totally understand what I am writing because you haven't done the research and you are ignorant about blockchains. Really.
One of the things Satoshi was religious about, visibly, was the fact that there should only be a finite amount of coins in circulation. He must have been influenced by the Austrian school and gold bugs.
Nash's ideal money also qualifies. And Nash's ideal money fits better because
Bitcoin is far superior to gold and thus is an ideal money.
In fact, if he could have put them into circulation right away, most probably he would have preferred that, but as he now needed to emit them by people finding consensus
No he needed a way to market the thing, as this was the first thing of its kind, which means no one would have a reason to invest in it, i.e. the hen and egg dilemma. The genius of distribution via PoW is it invests people and industries into Bitcoin, which creates network effects and who then evangelize it.
You're analysis is inadequate due to your tunnel vision.
In order to obtain a finite amount of coins at the end of the universe, he needed to diminish rewards ---> simple solution of block reward halvings. In order to reward them in the long term, he needed transaction fees.
In order to limit the coin emission, he needed the lottery to take place only once every 10 minutes, and because he didn't want to rely on real time (in the end, he did!) he invented the scheme of increasing difficulty.
The logical consequence of this was that the economic cost of the PoW at the 10 minute reward was going to rise to be about equal to the market value of the emitted coins. This would lead to totally crazy amounts of PoW, the rise of specialized hardware, and the killing of the original idea of just "a lottery between participants to decide who was going to decide upon consensus next with Sybil mitigation".
Satoshi's idea of having most payments done with bitcoin led him to understand that the block chain as he designed it, would have to grow at 100 GB a day.
You're trying to argue that these facts are contradictory or somehow clunky, but in fact they are a perfect design for what the global elite want from Bitcoin.
You keep trying to frame your argument under the assumption that Satoshi wanted Bitcoin to scale transactions for the masses and that he wanted it to remain decentralized for small miners. But in fact, that is not what the global elite want from Bitcoin.
If you have the wrong perspective, then you can't judge the facts.
Satoshi was paying lip service to things that
the idealistic useful idiots and SJWs wanted to hear, so that Bitcoin could be virally launched into the world. But of course Satoshi doesn't give a fuck about these useful idiots in the long-run. The
modus operandi fingerprints of the elite are right smack in front of your face and you can't even see it.