——Answering a group member’s question
A group member asked:
You said in the group that not many big names in the crypto circle really understand Satoshi Nakamoto. What is the reason?
Zhu’s answer:
Good question! All my research articles are published on the chainless website. There are over 200 articles with more than 700,000 words. Here is a brief summary:
1. Satoshi Nakamoto created Bitcoin to transform the world and overthrow the credit legal currency system. How many cryptocurrency projects meet this purpose? Have the big names who worship Satoshi Nakamoto continued Satoshi Nakamoto’s path?
2. Wei Dai believes that the Bitcoin in Satoshi Nakamoto’s hands is not moving is to transform the world.
3. The Bitcoin system is not a technical project but a financial project. Technology is just a means of implementation, as banks apply the Internet. The focus of technical projects and financial projects is entirely different. I have seen far more technical research than financial research and not convincing and relatively logical cryptocurrency financial theories.
4. The Bitcoin system is a technical application project, not a technical bottom layer. The idea and design of using the Bitcoin system as a technical bottom layer to support applications may bring new uncertainties to the Bitcoin system. The view that does not support the expansion of the application of the Bitcoin system is a minority in the crypto circle. Still, no one in this minority has said that Satoshi Nakamoto himself does not support this idea. It shows that the research on Satoshi Nakamoto is not deep enough.
5. Satoshi Nakamoto designed the 132-year coin issuance time considering that defeating legal currency is gradual.
6. The financial explanation of Satoshi Nakamoto’s peer-to-peer cash system is a bubble-free financial system. Has anyone explained it this way?
7. The thought value of Satoshi Nakamoto’s invention of Bitcoin is far greater than its technical value. However, no one has explained clearly how the thought value of Satoshi Nakamoto affects production relations and then affects humanity’s progress.
8. The core concept of Bitcoin is openness and transparency, which is far more important than decentralization and blockchain. The Bitcoin white paper quoted Wei Dai’s one sentence, and his “B money” became the first citation in the white paper. Openness and transparency are principles, and decentralization and blockchain are means of implementation. Decentralization or blockchain is not necessarily used to achieve this principle.
9. Using decentralization and blockchain as the only means to realize cryptocurrency is a derogation of Satoshi Nakamoto. It is also the fundamental reason why the industry cannot develop well.
10. The mainstream view of cryptocurrency is that Satoshi Nakamoto should not appear. Wei Dai said that Satoshi Nakamoto would eventually come out. Why did Satoshi Nakamoto come out? Does anyone know the reason?
11. No one in the crypto circle has designed how Satoshi Nakamoto will appear, which is most beneficial to humanity, the crypto circle, and himself.
12. Satoshi Nakamoto knew that he could not achieve the three goals of Bitcoin’s first release, and he did not want to listen to the various unattainable requirements of the market, so he chose to leave. The WikiLeaks incident was just a trigger point.
13. The mainstream view in the crypto circle believes that Sat is the ruler of Bitcoin, and they don’t know that is a flaw of Satoshi Nakamoto’s design.
14. No one in the mainstream view of the crypto circle believes that there is a problem with the 132-year Bitcoin mining design. The flaw in this design is that it does not consider the collapse time of credit fiat currency.
15. According to my research, most of the big names in the crypto circle, even the best ones, only know one or two points at most. The only ones who understand Satoshi Nakamoto are Nick Szabo, Hal Finney, and Wei Dai. The only one who really understands Satoshi Nakamoto is Wei Dai because he is Satoshi Nakamoto.
The above is my answer.
