In the White Paper , Satoshi assumed the mining market would stay open.
Error 1: ASICS closed the mining market to the rich elite only.
No he didn't.
He already knew that at some point there will be 'larger' server farms who are mining. And that a single individual won't mine in the future.
And neither is the market accessible to the 'rich elite' only.
Anyone can start mining with a relatively low budget.
Low budget -> low income.
High budget -> high income.
Just because you can't mine with a CPU or CPU anymore, it doesn't mean that you have to belong to the 'rich elite' to start mining.
Error 2: Nodes processing transactions for free are in short supply, if any.
Of course this is due to the energy waste, making free transactions impracticable.
No, they aren't.
There are currently ~9100 nodes online.
These nodes also don't waste energy. They don't need much energy at all. A few $ per year isn't really a lot..
But you were probably refering to the miner 'wasting' energy, right ?
Well.. this energy isn't wasted either. It is absolutely necessary to guarantee the integrity and security of the bitcoin network.
Error 3: Transaction fees alone will not be able to maintain Bitcoin insane energy waste.
They will.
As pointed out, the energy is not wasted. I don't know what kind of shitpost you were creating. And with what kind of purpose.
Maybe you are just not informed at all, or are following your own agenda. I don't know. And i honestly also don't care.
Please inform yourself before composing such shitposts.
It hurts my eyes (and mind) to read that bullshit.
Today most whitepapers try to garner investors so they focus mostly on supply and questionable technical terms. They are trying to sell an investment vehicle pretty much like banks do when they give you fancy prospects of their latest mutual funds.
Satoshi's whitepaper was about suggesting a concrete technical solution to a previously unsolved problem. To that extend the emission rate and overall supply were irrelevant, especially since there were no investors to speak of with the main audience being academics and cryptography enthusiasts.
Exactly this.
HeRetiK boilded it down to an essence.
Satoshi didn't want to attract investors. He didn't want to get rich. It was a proposal for a peer-2-peer digital currency. The first one.
Noone cared about the economic aspects.