Quote from: Kong Hey Pakboy on July 09, 2021, 05:12:48 AM

Quote from: Welsh on July 08, 2021, 09:20:51 PM

On the technical, coding side there is a lot of people who were capable of creating a system like Bitcoin, as evidenced by the amount of altcoins that are now created. Okay, so yeah a lot of them use Bitcoin as the foundation, but they also come with their own different flavours, and improvements.

However, Satoshi didn't only have to code the whole thing, he had to think of the idea, and try to use hindsight on predicting what the world would look like in 10, 20 years, and beyond. He had to come up with an idea, and solution on how to keep Bitcoin having a constant injection into the economy, while not releasing too much too early. So, he implemented difficulty, which sort of regulates the amount of Bitcoin in circulation at a time. He also had to come up with a way of securing the transactions, and this is probably the most impressive part of the whole thing. Implementing something which prevents double spending, isn't something that a lot of people could do, well at least thinking of the solution, and then implementing it.

I don't think Satoshi is as super human as people tend to think of them as though. However, they saw a problem, and implemented a solution. There are definite short comings of Bitcoin, and whether Satoshi was aware of that, and was going to address them later remains to be seen. However, its most likely that he hadn't come up with solutions to some of the issues that exist in Bitcoin today, and was possibly hoping for others to contribute, and come up with solutions, which you could partly argue happened.

Either Satoshi is a genius that doesn't want to be known or Satoshi is a codename for a group of individuals that have developed bitcoin because I have heard that some people in the IT industry said that that's the only choice behind the identity of Satoshi, a coding genius or a group of people collaborating. Or probably, Satoshi is from the future and he wants us to use bitcoin to save humanity hahaha.

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In 2008, in a mailing list called "Cypherpunk", Satoshi Nakamoto released a white paper on Bitcoin. A magnificent social experiment began.

What is cypherpunk? Why did it give birth to Bitcoin?

This movement arose in the last decade of the Cold War between the United States and the Soviet Union. Its believers firmly believe that strong cryptography should be used to protect personal freedom and privacy and protect them from external forces such as capital and politics.

Many of them are anarchists and liberals, including Assange, the founder of WikiLeaks, Sean Parker, one of the founders of Facebook, Bram Cohen, the author of BT download, and so on. Of course, the most famous of them is Satoshi Nakamoto.

Over the decades, the cypherpunk movement has experienced ups and downs. Participants in this movement have brought countless open source encryption protocols to mankind. Some of these protocols have become the cornerstones of Internet communications.

And on the road to explore free, anonymous, and decentralized digital currency, cypherpunks including Satoshi Nakamoto have made tremendous efforts to pass the fire down and continue to live.

Who is Satoshi Nakamoto? This question is no longer important. Every cypherpunk master is the "Satoshi Nakamoto" in people's hearts.

It is no longer important who Satoshi Nakamoto is. Some say that he is a god, some say that he is the messenger of alien civilization, some say that God is coming again, and some say that it is the old Japanese man. My conclusion is that bit Coins are the crystallization and creation of the collective wisdom of cypherpunks. Satoshi Nakamoto is a perfect code name, because they all have a common goal, the right to privacy, and it is impossible for us to find them. In short, the creation from 0 to 1 has brought us a great experiment, we just enjoy it.