/r/Money/comments/1if6kt3/satoshis_grand_illusion_how_crypto_tricked_the/
created by mycupacoffee on 01/02/2025 at 16:30 UTC
0 upvotes, 4 top-level comments (showing 4)
Comment by StatisticalMan at 01/02/2025 at 16:34 UTC
8 upvotes, 1 direct replies
Just ignore him. It is the same guy posting variations on his Bitcoins not money manifesto to every reddit that won't ban him at least 20 times a week.
Comment by [deleted] at 01/02/2025 at 16:53 UTC
1 upvotes, 1 direct replies
[removed]
Comment by tianavitoli at 01/02/2025 at 19:37 UTC
1 upvotes, 0 direct replies
this dude had to write this because he couldn't find a manager to try and emotionally blackmail
Comment by HSuke at 01/02/2025 at 17:07 UTC
1 upvotes, 0 direct replies
That was absolutely terrible. Bitcoin didn't become focused on Store of Value until well after Satoshi left.
I have so many criticisms of PoW and Bitcoin, but this was written without any understanding of its protocol.
If you're going to criticize something, at least understand it first. The purpose of PoW was to create an alternative decentralized method of Sybil resistance. (It's expensive and provides weak economic security)
You're focusing on the money part, which wasn't on Satoshi's mind.
Edit: sorry, just noticed that someone else was the author.