What if Satoshi is...
Just thinking out loud here...
While guessing who Satoshi is might sound irrelevant or just a game, I think is important beacuse depending on who or whom Satoshi might be, could throw light into Bitcoin′s and other Cryptocurrency′s future as everyone fear′s of Bitcoin being just a bubble.
I think many things keep Bitocin, without being and experet in the matter, out of this scenario. But witch is going to be its real, future and stable price it′s a big X witch could be explained if we knew who Satoshi is...
Today, Decembre 3rd at 18:45 (Uruguay), 1 Bitcoin is worth 11.167 USD.
Why I think Bitcoin is not a Bubble, again, not being an expert on it?
1 - Speculation: Although people think that it value come′s exclusively from speculation, It does have real use. In fact, more than one.The dark web, as much as we hate it (when used for wrong), lives on bitcoins.Silk Road lived on Bitcoins and so their successors, Silroad 3.0, AlphaBay, Dream Market, etc
2 - Cybercrime: In 2017 Cybercrime scale to 3 trillon dollars and will go to 6 trillion dollars in 2021. 6 billion people will be hacked reaching 90% of internet acording to many specialized sources on 2021. Wannacry reached 200.000 computers in 150 countries. How big was it? 5 billion dollars in damages. Cybercrimanls asked from 300 to 600 hundred dollars but, ofcourse, the ransomware prices are gonna scale and scale . So, when Cybercrime scale to 6 trillion dollars and 90% of the internet users became hacked, guess in witch currency are we gonna pay? Yep, their favoirte. Bitcoins. By the way did, did Uber paid in Bitcoins? So people and business are buying Bitcoins as fast as they can , to pay them cheaper and save them in advance for when the inevitable come′s, and personaly I dont think they are going to get rid of them. In my opinion regular business are not buying Bitcoins to make money but to pay ransomeware or to avoid DDoS in the future. I belive governments all arround the world are buying them too for the same reason. Bitcoins are in the digital world what Dollars are in the physical: The Most Trusted And Famous Currency. Plus its "untraceable". So again, Bitcoin adquisitions by some individuals, business, businessman, famous people, etc is not to make cash and they are not in the speculation business. They are buying them with that purpose and they are going to use it only for that cases. For me this is the biggest factor why most of the people, enterprises and goverments are not going to get rid of their bitcoins, instead they are going to buy more as fast as they can.
3 - Limited: Total Bitcoins in circulation:16,718,000 - Total Bitcoins to ever be produced: 21,000,000 - Percentage of total Bitcoins mined:80% - Total Bitcoins left to mine:4,282,000.
4 - Pizza: No one wants to be the next guy buying Pizza with Bicoins. Cause that man paid, 111.6 Millon Dollars for 2 pizzas (10.000 Bitcoins X today price 11.167 = 111.760.000 Dollars ) . Everyones afraid of getting rid of them and becoming "that next man/woman".
5 - WallStreet: Acording to FORBES, "good buzz began last week when a number of hedge funds announced that they were investing in the digital currency. It continued this week with the announcement by the CME that it will begin trading Bitcoin futures.These developments mean that Wall Street is beginning to recognize Bitcoin as an investment, and is creating the vehicles and mechanisms for broader market participation in it.In marketing terms, a broader market participation means that Bitcoin will move from the “innovator” and “early adopter” stage in the Rogers Curve, to the “early majority.” That's when demand for a product reaches a cascade, and the product becomes an "epidemic."In finance terms, a broader market participation means higher Bitcoin prices, especially since Bitcoin is in limited supply."
6 - Donations: Wikileaks used to recived their donations via Paypal and credit cards. Then, they stoped supporting the site so Wikileaks moved to Bitcoins witch was one of the factors that made the Cryptocurrency increase it′s: value, use, and made it world famous. Also, as Bitcoin is "Untraceable",when Wikileaks started accepting Bitcoins as a payment, enocourage people, organizations or goverments who didn′t support Wikileaks cause they didn′t wanna to be traced via their paypal or credit card accounts, so know they do.
Services and Products: Bitcoins are accepted by big companies and Ongs (Microsoft, Wordpress, Re/Max, Subway Wikipedia, Virgin Galactic, Reddit, Mint, Shopify, T-Mobile, etc and with Wall Street news more and more business are going to accept them. Acording to FORBES: "Bitcoin 'Odds-On' To Be Accepted By McDonald's At End Of 2018" . In deciding to draw up a list of acceptors of the ‘Big Daddy’ of cryptocurrencies, bookmaker Betway Group, which launched in 2006 and is leading provider of entertainment across sports betting, casino, bingo and poker, has US retail giant Walmart “nailed on” to accept Bitcoin by the end of next year at odds of 1/5 in its novelty betting stakes, with British Airways at 1/3. Retail favourite Argos in the UK is also short in the betting at 4/5 to allow cryptocurrency transactions by the end of 2018, while Amazon (6/4) and Easyjet (7/4) could both follow suit. Apple is a 5/2 punt to deal in Bitcoin before then, a deal that could see the currency’s value continue to climb according to the bookie. To accept Bitcoin before end of 2018 - OddsWalmart 1/5, British Airways 1/3, McDonald’s 1/2 Argos, 4/5, Amazon 6/4, Easyjet 7/4, Apple 5/2, Primark 3/1, John Lewis 7/2, National Rail 4/, Greggs 10/1,Poundland 10/1 Source: Betway"
I am: Not a Journalist, Bitcoin Expert, Wall Street expert so forgive me if some my data or thoughts are not 100% accurate. These are thoughts of a Musican, Entrepreneur, Digital Marketer and Geek. Also, I have mixed feelings about many things. I love freedom but I′m disgusted bout places like Silk Road. I love freedom but also I love the protection that Police and many other forces provide to us and to the most vulnerable population as little kids for example. So in the end I′m on favor of BALANCE. I love my freedom and my ability to think and that is why I never (ever)take sides. Taking one side or the other , would take away my ability to think free witch is one of my mosta preacited values and that is why I love my freedom to examine and judge each case. I will be in each case in the side of witch I think they are the good guys. And I belive the good guys and good girls are result from balance. I hate Silk Road but I don′t like Human Eye Mass Surveillance. I like balance and I would love to some kind of "smart contract" were "If this then that" rules were applied. A smart contract with rules for bots to mass crawl on an encrypted way and only to decript to human eye and ears if, ad ONLY IF, for example a keyword like "attack" or "steal" on one person reaches X times in X period, while the number on 99% of population is X (beacuse you might use those words for example in the title of a Scienc Fi movie you are about to watch on netflix or for example hear Tom Jone′s "Sex Bomb" :) ). Naive? Maybe, but I realy belive in a world where good people form every country could arround the world live both, FREE and SAFE and I think Blockchain, Big Data, Smart Contractsand AI could help us a lot. Balance and Peace.
By the way, about who′s Satoshi? Some said, It could be Szabo, Carig Wright, Musk, etc. Others say it′s not only one person. I belive in the second theory. So...who could be one of the actors involved in this group? All theories sound crazy but.. here is mine.... have you read about K.im and Bitcache? We′ll again, not an expert, just Thinking Out Loud....
Peace, Love, - Fede