Post
Topic
Board Economics
Re: Was Satoshi someone who lost everything in 2008 Market Crash?
by
Cosbycoin
on 18/05/2019, 12:34:26 UTC
Just came across this thought. We all know what happened after the housing debt bubble burst near 2008 which led to a global level depression in 2008 which really ruined lives of millions of people worldwide. It even raised some great question about fiat debt and it's working. Lots of people lost their jobs, houses and everything.

Another fact that Bitcoin was created right after one year in 2009. So do you think there is some chance that satoshi was someone who lost his everything in 2008 crash, his job, his assets and his house.

He was so frustrated with it that his trust on the fiat financial system completely broke. He was sick of government, sick of corporate and sick of banks because of which he thought of creating real money thus creating bitcoin over blockchain and completing it in the very next year. So that people don't lose their money just because of debt bubble
It is very possible that he or they lost from the 2008 crash, but we can't use that as a conclusion since satoshi himself or themselves haven't said anything of that nature. I just believe that they were concerned about the economic crash that was coming to the market in 2008 and wanted to make a difference by creating a platform that would make sure this kind of crash would not happen again since the fiat system is very faulty in nature.