The Satoshi Effect ideas, tech, and promotion?

0 replies 103 views
lonewhaleSenior Member
Posts: 328 · Reputation: 1624
#1Feb 5, 2024, 11:58 PM
I Ideas Bitcoin isn't really that deep philosophically. It's just a private currency and its scarcity comes from how tough some math problems are to solve, which need power and electricity. Understanding private money isn't rocket science. The concept that math can have real monetary value is pretty old. Creating Bitcoin was a straightforward philosophical task. II Tech Now, when it comes to technology, Bitcoin is way more complex compared to its philosophical side. Still, there were a bunch of electronic private currencies before Bitcoin, and some of them were probably decent enough to test in the market. They were good to go for swapping ownership for valuable stuff, right? Feel free to correct me if I'm off base. III Promotion One thing’s for sure: Bitcoin was the first electronic private currency that actually got marketed well enough to hit some serious financial milestones. It skyrocketed from nothing to a trillion-dollar market cap in just over a decade (2009-2021). Satoshi and his team had some killer marketing skills, but we have no clue about the sources of that power. Was it personal talent, connections, funds, maybe some government support or backing from powerful interest groups? Who knows? If Satoshi ever wins a Nobel Prize, it’d mostly be for his marketing genius, not really for tech or ideas.
4 Reply Quote Share

Related topics