1 year ago

223

Who is Satoshi Nakamoto Michael Saylor Lex Fridman matrix news media independent this now

“Lot's of speculation about who, or what, Satoshi Nakamoto is, or was.
He created the first fair, uninflatable, proof of work, infallible store of value currency in history: The hardest money known to man. To test his creation and secure the Bitcoin Blockchain Network he was the first miner, mining the first 1 Million Bitcoins. Then he disappeared. His Bitcoin, worth $27B, has never moved. Could you walk away from $27 Billion Dollars?
Theories abound that Satoshi was a Time Traveler, and/or a AI. Nobody ever met him personally. Others think he died. Some even believe he was CIA or Mossad, but if that was the case there would be backdoors built into Bitcoin for control, but there are none. Bitcoin is open source and has been pulled apart piece by piece countless times searching for shenanigans and malicious code, but NOTHING has ever been found.

It's interesting he decided there would only be 21 Million Bitcoins. What a strange number. Why not 20 Million? I believe that he did this on purpose since he mined the 1st Million Bitcoin and being a highly scrupulous individual, he felt it was unfair to use coins that were easy to mine using just a basic laptop (long before the 1st having). I think he originally planned on 20 Million Bitcoin, but included the Million he mined to get the project started, fully intending to never use them. He may have destroyed the private keys to those coins as well, out of fairness.

Nearly every other Alt Coin (Shit Coin) cryptocurrency out there was created to make the founders rich. Most of them had a pre-mine where the insiders gifted themselves 20% or so of the coins, then sent the rest to exchanges to sell and pump up the price. They can also create more at a whim. The SEC considers this an Unregistered Security and it's the same as a company issuing and selling Stock without going public and opening their books and making full disclosures = ILLEGAL. This is why Bitcoin is like no other crypto out there and why calling Bitcoin "crypto" is now a dirty word. Bitcoin is in a league of its own.”

Full (4 hour) Lex Friedman Podcast with Michael Saylor: https://www.youtube.com/watch?v=mC43pZkpTec

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