/biz/ - Business & Finance

>>13383443
Scam

The whole point of bitcoin, Wilson said, was to create a deflationary currency which could later be used to fund enormous technological advances. If Bitcoin were to become the global currency, those early holdings would be worth a potentially incalculable amount.

The assumption was that the early adopters, who would end up with large holdings, would be more interested in experimentation and technology than the more classically inclined billionaire class, and so would be more likely to turn that interest to further technological advances. This also influenced Bitcoin's economics, he said, and it was specifically designed to be given lopsided rewards to the start.

"Tidal dams and space elevators and all the other stuff... with a deflationary currency, where the bulk of it is actually mined early, you can do that. The inflation rate, and deflation rate and the rest... that was all figured out later on."

"Of course, to be able to do that I'm supposed to have access to those funds. However, due to Craig's behaviour... doesn't seem to be happening anymore. And of course, Dave's death didn't help whatsoever. But that's just one direction. We're still going to have a planetary civilisation. We're just going to have to do it a different way."

https://www.finder.com.au/phil-wilson-satoshi-nakamoto-was-craig-wright-dave-kleiman-and-i