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Satoshi Nakamoto acknowledges that Bitcoin is an "investment" and predicts a maximum of 100,000 network nodes

Satoshi Nakamoto acknowledges that Bitcoin is an "investment" and predicts a maximum of 100,000 network nodes

2024/02/23 15:13
BTC-0.23%

According to Bitcoin Magazine editor Rizzo, Satoshi Nakamoto's earliest collaborator Martii "Sirius" Malmi has just released the complete email history between them, totaling 120 pages, which shows:

1. When asked about how Bitcoin will expand in the future, Satoshi Nakamoto speculated that the network would have a maximum of 100,000 nodes and delved into discussions on computation and the economics of a large-scale network. (Note: Currently there are around 50,000 nodes running Bitcoin);

2. Satoshi Nakamoto believed that the energy consumption of Bitcoin mining would be lower than traditional banking systems;

3. Satoshi Nakamoto anticipated at least one feasible non-monetary use case for Bitcoin, supporting timestamp use cases;

4. Satoshi Nakamoto expressed concerns about legal risks associated with launching Bitcoin but did not feel uncomfortable explicitly labeling it as an investment; furthermore, he himself did not introduce the term "cryptocurrency";

5. Satoshi Nakamoto considered Bitcoin to have become a way for transactions and free reserve currencies among other internet currencies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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