Wednesday, July 3, 2024

The place did Satoshi Nakamoto state that bitcoin is gold or digital gold?

The place did Staoshi Nakamoto said that bitcoin is gold or digital gold?

He did not.

Not in any of his public writings.

an argument that Bitcoin is a retailer of worth and never a meant of fee.

In his unique whitepaper, Satoshi Nakamoto was very clear that they noticed Bitcoin as a method of fee.

What is required is an digital fee system

The whitepaper doesn’t point out the phrase “retailer of worth”. Since they had been undoubtedly conscious of this property of currencies, we should infer it was not of major significance within the motivation for the design of Bitcoin.

So it might be stunning if there’s any proof out there that may conclusively show that Nakomoto fully modified their thoughts about this.


See additionally Breakdown of all Satoshi’s Writings Proves Bitcoin not Constructed Primarily as Retailer of Worth

Did Satoshi construct Bitcoin to serve primarily as a retailer of worth, or did he construct it for making funds?

To reply this query, I went straight to the supply. Because of the Satoshi Nakamoto Institute’s archives I used to be capable of learn each single factor Satoshi ever posted publicly. Feedback from 260 discussion board threads, 63 emails, and his unique supply code.

After reviewing all of Satoshi’s writings, I can confidently state that Bitcoin was not purpose-built to first be a retailer of worth. It was constructed for funds.

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