Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I think it's probably fair to say that he/she did not anticipate people spinning up a whole bunch of crypto-currencies and that those crypto-currencies would be worth something. How many coins are out there that are worth millions of dollars to people speculating? I certainly wouldn't have given that idea credence at the time Satoshi wrote the original whitepaper.

I personally thought that BTC would either be successful (in that it would be a useful currency) or that it would tank. I did not anticipate people dumping piles of money into it to speculate on its value. I certainly did not anticipate a bunch of wannabe coins sitting on millions and providing practically no value to anyone.

It's a testament to the number of people who are desperate to get rich. I probably should have taken a cue from the lotteries...



I'm pretty sure he did.

It's not like we don't have dollars and euros and so on, and silver and gold in the past.

> I did not anticipate people dumping piles of money into it to speculate on its value.

98% of trading in euros and dollars is pure speculation.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: