/biz/ - Business & Finance

>>8481486
bch is real bitcorn?

>>8481493
Clearly not--it's not decentralized.

>>8481486
Is this going to turn into a thinly disguised Link shill thread?

>>8481486
how fast are you rotating in your grave?

>>8481583
No, I don't care about oracles.

>>8481598
I am not dead.

what do you think of Satoshi Lite?

nice
>electronic cash system that's fully peer-to-peer, with no trusted third party.
faggot.

>>8481630
LTC is fine for what it tries to do. I don't care too much about micropayments,

>>8481486

Why don't you cash out?

>>8481670
That's what the Bitcoin Blockchain is and will always be.

>>8481710
Cashed as much as I needed. I don't need more money right now, and I will never cash out from my watched addresses for obvious reasons.

>>8481720
i guess you didn't get my sarcasm, faggot.

>>8481765
I assumed it's from a misunderstanding of what the Bitcoin Blockchain aims to achieve and what it is.

>>8481493
>first post literally outs OP as a LARPing arsewipe


What an absolutely fucking pathetic thread

>>8481800
Not at all; you're just misinformed.

You came to the right plae Satoshi. This is the world you created.. biz.. it belongs to you, you are the true king

>>8481740
Confirmed not Satoshi.

>>8481827
Thanks, but I don't think /biz/ understand Bitcoin.

>>8481740
That some meta-faggotry-larping right there. Why would Satoshi let people assume he is dead for years, and not move the wallets content at all? Why would he be afraid if he is anonymous?

>>8481486
can you please post a signed message using the BCH blockchain stating bitcoin cash is the real bitcoin?

>>8481486
My question:

What's your take on people who go online and pretend to be someone else? Like, a politician/law enforcement/celebrity etc?

Why do you think they do it? Is it because their real lives are so crushingly depressing, or such utter fucking failures of life?

Thanks

>>8481871
My bitcoins are a cryptographically signed proof that I continue to believe in Bitcoin. People trust them, and I leave them there.

https://theoutline.com/post/2592/bitcoin-is-none-of-the-things-it-was-supposed-to-be?zd=1&zi=wegqslxm

>>8481889
Bitcoin cash is not the real bitcoin; I thought this was clear.

>>8481896
I believe there are substantially more reasons for their reasons. You should learn to cherish the anonymity that the internet grants you and embrace its benefits.

>>8481896
kek
>>8481905
so sell all ltc, because their creator sold as his

What will you do with the genesis coins when quantum computing breaks sha256?

sign a message using one of the oldest keys

>>8481915
That's too long to read. Let me know if you have any personal thoughts.

>>8481947
I clearly don't identify with his philosophy, and the reasons he stated for selling his LTC obviously don't apply to me.

>>8481922
you are not satoshi.

>>8481958
Nothing, I won't be alive by then and I don't plan to do anything with them anyway.

Craig, couldn't you have done that Q&A on Twitter instead?

>>8482000
Most importantly, Bitcoin is meant to be a decentralized, trustless payment system. Increasing block size to enable a faster ledger increase is obviously not an option. Bitcoin Cash is not Bitcoin.

Bitcoin Cash will be the top coin and make most other coins obsolete in the process
>BCH 120k+ by summer 2018

>>8482046
That's fine, because Bitcoin is not in a race for the highest exchange rate, it's in the race for allowing decentralization.

Did you work with with a team or by yourself?

>>8482073
I worked with other researchers/friends along the years, so Satoshi is meant to represent everyone who helped me implement this system. The original implementation and the white paper were completed by myself.

What are your top 3 alts Mr nakamoto?

>>8482042
satoshi wrote there would be centralization of miners, and that it is okay. btc is getting mined by the same people that mines bch, but i guess that's okay by bcore cucks.

what is not okay for me is crippling the technology to sell patented solutions like lightning, and off chain shit like microsoft is already building.

go fuck yourself, impostor.

peer to peer. on chain. trustless. bch is the real bitcoin.

Why set the limit of 21million? Also what projects outside of bitcoin have your interest? Finally, what are your thoughts on ASICs that centralized the blockchain?

>>8482192
I like Ethereum and privacy coins.

>>8482198
Centralization of miners is not ideal, but it not that important to my proposal of decentralization.

LN is a solution for people who want to scale. I'm impartial to it, but it's a far better solution than Bcash.

BCH will not stay trustless considering the estimated ledger increase.

Final verification question... did anyone on your team have blue, orange, green or purple hair. If so what color?

>>8482213
>Why set the limit of 21million?
It's really hard to come up with a number, because I didn't know how well it'll be adopted and I settled on 21 for better or for worse. It shouldn't matter too much, Satoshis should remain usable.

>Also what projects outside of bitcoin have your interest?
I'm interested in smart contracts, and I'm working with someone on something related.

>Finally, what are your thoughts on ASICs that centralized the blockchain?
Unfortunate, and I did not predict it. However, ASICs have the upside of securing the network, so it's a trade-off. I'm not too bothered by it.

>>8482287
Not that I remember

Nice non answer and I can respect it. So why are you here on /biz? Why now? Will you begin to post again on the talk forum?

>>8482407
No, Bitcoin is doing fine and it doesn't need me anymore.

>>8481486
Please distribute your watched coins among all addresses active on 1st Jan 2014. Reward us, your fiathful

>>8482485
No, sorry

why are you doing this nick?

Ok then. What change would you have made earlier if you could?

>>8482523
Trusted third parties are securities holes ;)

Are you familiar with the document “How to make the Mint”?

>>8482544
No change really. It works well. I made some changes after release such as introducing a block size limit, and I made some mistakes in the white paper that people use dishonestly, but it all turned out well.

>>8482566
In that case, I feel obliged to ask a cultural question. And this being 4chan, the one single cultural question is this: are traps gay?

>>8482547
Yes, I was working on similar stuff in the 90s. There have been lots of proposals for electronic cash, but no decentralized solution existed.

Why did you make it possible to store additional data apart from the transaction data on the blockchain? Didn't you think of the possibility to upload things like cp on the blockchain, and don't you agree that's a bad thing?

>>8482328
>It's really hard to come up with a number, because I didn't know how well it'll be adopted and I settled on 21 for better or for worse. I
holy shit you just admitted you know jack shit and you are not satoshi even further. holy shit i don't know why i took the bait and started replying, holy fuck

>>8482215
How do you feel about Bitcoin Private?

Babushka here

Don't ask me anything

>>8482566
Did you help write the document or did you just implement everything that it had?

>>8482000
trips of truth, larp confirmed

>>8482610
I actually added myself a reference to a Times article in the Genesis block if you want to check. I didn't anticipate the CP, but it is what it is--I couldn't have designed it without allowing arbitrary information, and all blockchains have the same problem.

>>8482616
I said the same thing in the Bitcointalk forums if you paid attention when I was active

>>8482672
the 21 miilion is because how new blocks are found, halving, average times. holy shit, i'm not going further and not wasting my life with some larping faggot that's probably a kid. read "mastering bitcoin" at least before trying.

>>8482672
Let's say you are Sathoshi. Why not airdrop the shit out of Bitcoin to ALL small address, to get it really distributed. Hell start right here in this thread.

>>8482546
i meant the thread ;)

im curious as to what your artistic preferences are. maybe lob some movies, literature, etc?

>>8481486
Nick is that you?

>>8482738
Yeah, I’m with you on this one... why try to larp like this... >< the doc I referenced was not public until recently and he wouldn’t have known about it unless he was an author...

dump when

>>8481851
>I don't think /biz/ understand Bitcoin
What is the true nature/future of Bitcoin?

>>8482617
I support privacy coins, but I don't take sides as I'm friends with a group of researchers that joined early in this space.

>>8482796
here, retard:
https://unglueit-files.s3.amazonaws.com/ebf/05db7df4f31840f0a873d6ea14dcc28d.pdf

>>8482644
I wrote the white paper.

>>8482738
Yes, it's explained in the whitepaper how I got to the number. However, coming up with the halving times and the block reward was just an estimation.

>>8482746
Bitcoin is meant to offer decentralised payments, not to be "really distributed."

>>8482881
Yeah for bitmain it's perfect!

>>8482751
Adam Smith, "The Selfish Gene" by Dawkins, Ayn Rand for her influence on cypherpunks

>>8482786
Offer decentralized payment systems. This is already in place and working. Next step for me is smart contracts, and I am thankful to the Core team for all their efforts. I support RSK as the next step in Bitcoin, but I believe there is more community/dev interest in LN at the moment.

>>8482881
>Bitcoin is meant to offer decentralised payments, not to be "really distributed."
So instead of Goldman Sachs we get Roger Ver and the Winkletoss Twins.
Hell make us all millionaires in here. No skin off you back and shame on us for not being on Bitcointalk in 2010. If the real Sathoshi came back now and airdropped coins to small players supporting Bitcoin. That would be one for the history books.

>>8482954
What are your thoughts on something more green, really fast and fee-less such as NANO?

>>8482965
>>8482915
I never supported the actions and philosophies of Roger Ver and Jihan Wu

>>8483013
It's completely different from my vision, and it solves a problem I had no interest in to begin with. Nano and similar coins are not designed to be trustless and decentralised as per my original view. However, if it pushes for less governance, less trust, and more decentralisation, it's good, but not my interest.

>>8483037
You shoud do something then, they will take It all...

>>8483127
Take what? Bitcoin is decentralized and secure, and it cannot be seized

>>8483161
Not decentralized if most is holded and created by a single group

>>8483127
Agreed. He could start by empowering the people on the fringes that believe in Bitcoin. Hell I sunk 1/3 of my money into Bitcoin at 15k. Stupid maybe. A believer. Yes. Meanwhile people like Roger Ver shit on us daily and that asswhipe is a multi-millionaire not helping anyone but himself.
If I had got in at the beginning I would be empowering a generation. These fuckers do jack shit.

>>8483161

>>8483181
It's not about the currency being equally distributed--that's a whole different issue. The network is trustless as anyone can run a full node and check the entire ledger history, and it's decentralized because anyone can run a node and propagate a transaction to the network without trusting a third party

>>8481809
Every knows that Craig is Satoshi and that his company Nakamoto Chain (nChain) is one of the Bitcoin Cash dev teams

I would just stop by, and congratulate you...if you are real Satoshi of course...you really did make an important change in all our lives. big respect

>>8483311
Everyone who matters knows the truth ;)

>>8481486
What life advice do you have for a young man going to college and working a close to min wage job? I am already in crypto and have been for nearly a year.

Post up private key to your founding address's so we know youre not LARPING.

Also why is the NSA/CIA on /biz/

>this thread
>aWglmoFy

I WANT TO BELIEVE

>>8481486
Also I read an article a while ago that the NSA discovered your true identity. Did anything come from that, did you get a visit or an email or anything?

>>8483371
All my life I fought for what I believed in, and that'd be my advice for everyone else.

>>8483440
NSA created our beloved XBT. Go research SHA-256 hash that we to encrypt. NSA BUILT SHA-256

>>8483440
I did, yes, but cannot talk details for obvious reasons.

>>8483485
I have written a few papers and have done a few speeches in college revolving around crypto and block chain but people can’t wrap their heads around the idea that the dollar is very flawed. Where do you see economies moving towards in the future? Running off of debt isn’t substainable. I would say that gold and silver is good for when shit hits the fan but those two assets are also heavily manipulated. But in short where do you see economies moving and where do you see gold, silver and even bitcoin going price wise.

help me obi wan satoshi. you are my only hope.

>>8482920
meh. solid, but predictable.. i was hoping for something maybe a bit less left brain and a bit more.. unrelated, if you catch my drift

all good though, im out. take care and have fun

>>8483623
I always strongly maintained that Bitcoin can help with this. Impositions on capital control during political maelstorms are disastrous. Venezuela, Greece, Argentina are just some examples that exemplify why Bitcoin is more secure and why it's important to have a trustless currency. For something to be adopted as a currency, history taught us that it needs to feature several properties such as scarcity, durability, usability, and unforgeability.

Bitcoin was specifically desgined to be a secure, trustless implementation of currency. I believe that bitcoin will be the de-facto international currency in the future, and a lot of the economy and political decisions will be made on the blockchain. I personally work on implementing certain financial contracts on the blockchain, and I believe the world will widely adopt this technology in the future.

>>8481486
Did Jews do 9-11?
(hint: yes)

¿wen mün?

>>8483208
you will probably get justed, be prepared

>>8484101
Are you worried about the regulations possibly killing crypto? Also any way to contact you or do you preferred anonymity? Lastly do you like what crypto has become or no, I think the community has gone down hill the last five months especially but the technology and ideas in crypto are so exciting.

>>8485133
:( I certainly hope not..

>>8481486
Y U DO DIS?

>>8481486
Satoshi, do you like Request Network? It’s decentralized and seems like it could fulfill your original vision.

Hey Clifford Cocks...

>>8482738
It's a geometric progression that could had towards any number by changing constants in the formula, 21 mill. is random. Still you are right, OP is a larp.

>>8485470
*head

>>8481486
Did anyone help you invent bitcoin, or did you work alone? How did the idea come to you?

>>8481486
Will you pump my shitcoin?

>>8481486
When are you going to admit that you are actually Charlie Lee?

>>8485530
Inb4 craig wright

>Some time ago, team BCH quietly spread rumors that they have Satoshi's private keys
>They wanted Gavin to help bring credibility to their project
>Gavin wouldn't join unless something was proven
>BCH panics, but fake Satoshi volunteers and meets with Gavin in private
>This was the misunderstanding: Gavin thought he met Satoshi, but in reality he met someone who is part of the group who possesses the keys
>Foolish Gavin made a mistake and went public saying he met Satoshi
>Fake Satoshi takes one for the team and makes a fool of himself on TV, gets shit on every day, but it does not matter
>BCH has the keys, regardless

>>8481486
is Skycoin everything BTC should have been?

> Satoshi back
> he like Smart Contract and Private Coins

Juste make me think of that new projects.... sssshhh...

>>8481486
> Satoshi back
> he like Smart Contract and Private Coins

Juste make me think of that new project.... sssshhh...

Hi Capt...

>>8485221
No, because Bitcoin was specifically designed to be impossible to kill by regulation. It's a distributed network: there will always be node running somewhere in the world, and there are copies of the blockchain on millions of computers.

There is very little knowledge in the community left, as more and more people came in who don't have much understanding about either the tech or the purpose. However, adoption is good and advancements are made, so I continue to be optimistic about the future.

>>8483077
How is NANO not trustless? It uses a different and new version of the blockchain, and is decentralized too. It feels like it is an evolved version of BTC.

>>8486251
People mean by "killing" that its value drops. Technically you can't kill it.

>>8485397
Has nothing to do with my original vision.

>>8485530
We've been working on cryptocurrencies since the 90s--this is well documented. There are many names to be mentioned, and some were revealed via email communication and my own citations to their works.

>>8486261
It's not trustless because the ledger is very large and cannot be verified and stored by most of the nodes. They prune the network for storage efficiency, and they have feeless transfers, scalable transfers, which makes spamming the network trivial. No consumer grade computer can download and verify the ledger without having to trust the consensus because it's too large.

It's also vulnerable to pre-computed PoW, but this is beyond the point. I don't have anything against Nano and similar coins, but they're simply not related to my initial hypothesis.

>>8486302
Its value may drop, but Bitcoin remains the premier global ledger in the world, and no blockchain even aims to replace it, becaues they're focusing on completely different things. Every person who is aware of the status and dangers of the world and want an insurance against rogue governments, capital control, and other financial disasters, will want to hold Bitcoin as it's the best solution we have to trustless currency.

I am obviously very confident in the system, but I do not try to do price prediction as the markets are notoriously unpredictable. Bitcoin will always have value.

>>8486370
Don't you think that creating a deflational currency to spend is a contradiction? Who would spend something that is expected to increase in value?

>>8486426
It's primarly meant to be trustless and decentralized--or socially scalable--It's not meant to be a general-purpose currency. Its deflationary nature is inspired by the Austrian school of economic thought and it represents a trade-off: it's a planned deflation that encourages early adoption and characteristics associated with a store of value. However, no one is to say there won't be fractional reserves by 2100, depending on the governance and adoption.

>>8486548
Are you working on new stuff ? any new vision ?

>>8481486
WHY DO YOU MAKE ME SUFFEEEERRRR

If you want to understand more about Blockchain, I recommend searching for "money blockchains and social scalability"

If you want to understand more about money, this is also a good piece: http://nakamotoinstitute.org/shelling-out/

>>8486548
But this early adoption is it what keeps a broader majority from using it. It lead to an easy accumulation by some very few who now control the market. Isn't this killing the idea of decentralization?

>>8486650
Yes, I am working on implementing financial contracts using smart contracts. It's not technically a new vision, as this was introduced in the 80s, but it's the other application I believe blockchain will solve.

>>8486686
No, because decentralization doesn't have anything to do with a uniform money distribution--it's about censorship-resistance, eliminating third parties, and enabling trust-minimising store and transfer of value. This is the price that any decentralized payment system has to pay early on (for example, see every other cryptocurrency).

Things will get better.

>>8486725
Don't you think that some control by an authority is neccessary to keep a society together? With all advantages of less censorship also comes shit like that CP distribution that is going on at the moment

what do you think about lightning network and sidechains on bitcoin?

hahaahahahaahaha smart contracts sotashi? so this is a stink thread larp?

>>8486834
There is an authority: a trustless protocol. There is a fixed rate of coin minting, and no one can manipulate this. The point is not to remove all authorities, but to minimise the trust we are mandated to give to law-enablers. Bitcoin [and smart contracts] aim to introduce an incorruptible law.

>>8486883
LN is a proper way to scale the network without polluting the chain. I encourage sidechains as well, my favorite project being RSK.

>>8486914
RSK

>>8486324
>We've been working on cryptocurrencies since the 90s

Yeah but to make the leap from advanced cryptography and theories about digital cash straight to bitcoin, a working solution, is pretty impressive.

>>8486932
What do you think about an inflational gas system for a coin to fuel the ecosystem like Skycoin wants to do?

>>8486970
What do you think about algorand ?

>>8487016
We've had many implementations that failed: DigiCash, CyberCash, Hashcash, B-money, etc. Bitcoin owes a lot to many people from cypherpunks

>>8487017
Coin hours have been used by Peercoin before, and Ivancheglo has been working on PoS conesnsus since Nxt. I am not a fan of PoS for my vision as I prefer to allow and encourage anonymous miners to benefit the social scalability aspect. However, I understand the trade-offs, and I am hopeful that other coins will achieve what Bitcoin never intended to address.

>>8487114
>algorand
Similar in many ways with dPoS systems proposed by Larimer used by projects such as EOS and Bitshares. These are different projects aiming for very different things than what Bitcoin was intended for.

>>8487304
Thank you, on last thing why did you choose PoW instead DAG, they exist since 80s.

>>8481486
If you really are Satoshi I would like to say thanks. I became interested in btc in 2011 and have been involved in supporting various other interesting alt coins.
All in all it has been fun and has made me financially independent.

>>8487380
DAGs--as used in distributed ledger technology--are meant primarily for scalability. Scaling bitcoin to the number of transactions supported by DAG systems would defeat the purpose of Bitcoin: creating a decentralized system. If all transactions ever made were stored on the ledger, it would be impossible for the majority of users to download and verify the ledger. You would have to trust the other nodes. This is incompatible with what Bitcoin is meant to do, so we had to compromise on scalability. Not all microtransactions are meant to be recorded on the Bitcoin Ledger--the vision is not to replace PayPal; it's to enable people everywhere access to a payment system that they don't have to trust and can run on their machines without any risks.

An honest THANK YOU for what you already achieved and best luck for completing your vision.

>>8481486
What's the weather like in Aus around this time of year?

what do you think of skycoin

>>8481486
Thank you.

>>8481486
thank you satoshi, for what you have done for the world. I would like to ask, what do you think about Ethereum? Compared to Bitcoin? Can it become the number one cryotocurrency?

>>8487577
see this >>8487234

>>8487458
but pp always said btc was meant to replace all money, so pp never got btc right?

>>8481486
What happened in the cia meeting?

>>8481486
Satoshi will you ever reveal your true identity? What are you going to do with all the bitcoin you have?

>>8481486
Forgive my manners. Thank you.

>>8487458
This is my concern with btc. In 3 years or so the blockchain will be 2 terabytes. Not too many people will be running full nodes.

>>8481486
Thanks for making my life.

>>8482283
>Bcash

you are not satoshi. kys fucking faggot

>>8481486
Perhaps the real cryptocurrencies are the friends we made along the way?

Look man, you definitely created a universe of wealth, and improved an unfathomable amount of people's lives. Thanks for that.

>>8489565
I love brugge

>>8489615
Yeah, it's quite cosy. I come there every few months, and that dog has been there for as long as I can remember.

>>8489565
>>8489615
Literally just fucking watched that film for the first time 20 mins ago. Guess I have to go there soon, kek wills it.

>>8481486
can you give me between $1000 and $10,000,000 worth of bitcoin because I'm suicidal

18MSxdqvj2adpAnS9NefovTxVXgotK1v93

Satoshi, i need to know... Chainlink?

I want to know what satoshis original mining rig was

>>8481905
if that's true, then why haven't you moved your bitcoin cash

>>8489811
Go to Brussels instead, Bruges (Brugge) is nice, but purely touristical. There's just more to do in Brussels or Antwerp. Qua food, culture, architecture, parties, money, women, things to do, ...

>>8490094
Well I do love partying and women. But I even got digits, seems like kek really wants me to go to Bruges.

>>8481503
How is it not decentralized? Because the majority is held by a certain group? How is that different than fat Bitcoin wallets?

Genuinely curious what you think makes bch "not decentralized".

>>8489811
What film?

>>8490157
Such a comfy beautiful little town. Outstanding spot for outdoor beers on a sunny day.

>>8490365
He's talking about that movie called "In Bruges" or something, some known thriller.

>>8490157

Allright. Spring will be a nice time of year to go; I'd recommend against it if coming from afar, as it's rainy (as always) but mainly still cold.

If you want to see that dog sleeping, he's near a bridge between a monastery within the city and the tanner's market / plaza. Oh, and do visit the monastery within Bruges, it's pretty nice.

What kind of fucking idiot would believe he goes to /biz/?

>>8481486
Is the Segwit BTC the real bitcoin

>>8482546
Confirmed szabo is satoshi

Q predicted this.