Post
Topic
Board Economics
Re: Was Satoshi someone who lost everything in 2008 Market Crash?
by
South Park
on 23/05/2019, 16:57:38 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 an interesting idea but it is unlikely, if bitcoin was truly the work of one person then it is safe to assume that his knowledge about the economy and how things work around the world was many times above the average person, so I find it unlikely that he was invested in the stock market, if bitcoin did not exist I will probably be invested in precious metals and other assets like them and I suppose many in the forum will do something similar and I do not see why satoshi would not do that as well.