I don't want to build on your platform, build on my platform
I don't want to use your money, use my money
I don't want to enrich you, enrich me
The story of this industry
@nic People inherently know that minting your own money is a scam, in that there is nothing to back it.
Satoshi had this backdrop and the fact that people are not acquainted with non-state money and no certainty that what he was making would gain moneyness.
Once the value of the system was proven, the game changed. Satoshi built a self-banking network, others are trying for piggy banks.
For the honest, there may be a unit of account out there with your pseudonym on it.
I agree, but it is open to question as to why he/she/it didn't burn the coins he/she/they mined. There's various possibilities, it seems to me.
@waxwing @nic Damn autocorrect 😂 I guess if they were many people it could have been difficult for all of them to agree on what to be done, or Satoshi left too early and didn't foresee the development of Bitcoin, so it didn't seem necessary to do that at the time and would have seemed awkward after years of silence.
@waxwing leaving them unconsolidated is 'good enough' for me. i suspect it was probably because satoshi didn't want people to know exactly how many s/he had, for fear of ruining the early perceived legitimacy of the system
@nic This is a rare situation where I disagree with you.
Everyone should be free to mint their own money. They just aren't welcome to any guarantee that their Chuck E. Cheese tokens will be valued or honored by anyone else.
@nic I've always seen Satoshi's private keys as the "keystone" to Bitcoin. I believe he knew this as well, and honestly I wouldn't be surprised if he purposefully destroyed any record of those keys to preserve the system he had created. He had the discipline to walk away and not meddle, he most certainly would have the fortitude to make that choice about his coins.