A glimpse into the early days of bitcoin, through the eyes of bitcointalk, and looking into the future of Blockchain Technology
For all the bitcoin elders, this shouldn’t be new, but to all of you who are new to the ecosystem, did you know that on bitcointalk.org you can view every post Satoshi Nakamoto, the creator of bitcoin, ever wrote?
It’s true, the enigmatic figure, shrouded in mystery, can be further analyzed and his text can be scrutinized by anyone who wishes.
Here you can to view his bitcointalk profile, where you can search every post he made, and see the history of bitcoin being created, right before your eyes.

Of course, Satoshi Nakamoto could be a team, but I’ll leave it up to you to decide.
In this article I will share some selected posts, that changed the history of bitcoin forever.
Some others, I simply find highly interesting.
My aim is to let the images do the talking, and to provide the direct links for you to browse yourself, as there is so much to glean from these selections.
Satoshi on Transaction Volume
Here Satoshi is speaking about the next 20 years, way back in 2010. We’re about 11 years away right now, from what he said in this historic post.

It’s almost 2019, and the transaction volume is doing just fine, I’d say.
A report done by Coinmetrics found that almost One-Trillion dollars of bitcoin has been transferred in 2018 thus far.
Satoshi says some other gems earlier in this particular thread as well:
“There’s a small transaction fee for very large transactions. The node that generates the block that contains the transaction gets the fee.”
“Almost all transactions are free. A transaction is over the maximum size limit if it has to add up more than 500 of the largest payments you’ve received to make up the amount. A transaction over the size limit can still be sent if a small fee is added.”
On Block Size
After so much debate over the years and especially last year (and still today), it is very interesting to see Satoshi’s view only 2 days shy of 8 years ago from today.

Satoshi on Network Growth
In this post, Satoshi predicts that if the network grows, large server farms will run full nodes, while users will run client-only software. You can find it here.

We are nearly at 1/10th of his 100,000 node example. I wonder how many years it will take to reach 100,000 nodes? What will bitcoin’s price be if/when achieved?

I could do more of Satoshi’s posts, but I want to save some for you. It’s like sifting through old treasures in your attic years later. I want you to feel that sense of wonder and discovery yourself.
The Bitcoin Logo
Here you can find the iconic post where bitboy gave the world the bitcoin logo we all know and love. The images have been removed in the original thread, but here is what it looked like.

Thanks bitboy! I think this symbol will be as recognized as Coca-Cola in the next 10 years.
MT.GOX
We thought this name would forever live in bitcoin infamy, and many people after the crash thought it would kill bitcoin indefinitely. Little did we know how resilient bitcoin would be.
See the original post with comments here.

The “please let me know what you think” gets me every time.
It’s interesting to note, that Mt.Gox was originally a website developed by none other than Jed McCaleb (Ripple, Stellar) as an online Magic the Gathering Card exchange. Yet, in 2010 he decided the exchange would be best utilized for bitcoin. McCaleb eventually sold it to Mark Karpelès, who turned it into the exchange we all know, and well, we all know the rest…
Any LA screenwriters out there?
The First Mining Pool
SlushPool the first and oldest mining pool was announced here on bitcointalk.org, November 27th, 2010.

How the times have changed!

Still kept the same cool logo though.
The Silk Road (2011)
For better or for worse, you can’t argue the impact The Silk Road had on the future of bitcoin, where bitcoin was used as a real currency . This is the announcement of Silk Road. It’s pretty surreal to see it.

I don’t condone the contraband and nefarious services that were bought and sold on Silk Road, but I also don’t think Ross deserved such a harsh sentence, and I think he was made an example of.
The 10,000 BTC Auction for $50 (2013)
SmokeTooMuch, must have been smoking something for sure, when he posted this.

Luckily for him, no one bought his 10,000 bitcoins for $50 because they thought the price was too high.
I’m sure SmokeTooMuch is doing just fine these days, and hopefully, not smoking as much.
The Wealthy Elite (2011)
This man was on point. ’Nuff said.

This Crypto Nostradamus prophesied bitcoin hitting $10,000.
Hat’s off to you anon. And the answer to your question is obviously, buy lambos.
The future of Cryptocurrency and Blockchain Technology
Joking aside, cryptocurrency solves myriad problems in traditional finance . It allows nearly instantaneous person to person transactions without a middleman. Many of these transactions have nominal fees, some have near zero fees. cryptocurrency also allows anyone to become an investor , from all walks of life. In order to invest in traditional stocks there are numerous bottlenecks for everyday the man or woman . Cryptocurrency does not discriminate . It doesn’t care if you are rich or poor , or what country you are from. Everyone has a chance to invest in something they believe in and to make their situation better.
In my humble opinion , within the next 10 years cryptocurrency will be used worldwide by more than 25% of people on a daily basis for transactions , day to day or online . I believe that in Asia in particular, cryptocurrencies will catch on and be used mainstream for transactions and micro transactions before the rest of the world. In the next several years, a handful of cryptocurrencies will become the Coca-Cola and Pepsi of the ecosystem and will dominate the landscape , but bitcoin will always be #1 due to it’s first-mover advantage, it’s security, and it’s history. It is the gold standard that all other coins will be measured in.
Any nascent technology , that is exciting, has enormous potential , yet is widely misunderstood the market is going to be volatile. People are still determining its value . The media and huge powerful players that see the potential have a huge influence and incentive to make this market hyper volatile for a plethora of reasons. But, eventually, on a long enough timeline, I foresee, each satoshi being valued at 1 cent, which would mean 1 bitcoin is worth $1 million dollars. Whether, it is in 10 years, in 20 years, or more, I don’t know, but I truly believe at some point in our lifetimes this scenario is entirely possible.
In fact, on a long enough timeline, (20–30 years) fiat money could potentially fall by the wayside, with globalization. Think of Records>8-tracks>tapes>CDs>MP3s> now streaming . You have smart cars , smart homes , smart phones , this is smart money .
Although paper money would not be done away with completely and would still be accepted , this would simply be a glorified “update “ of our monetary system like an Apple iPhone update. With our current system how can you verify each dollar bill that is in your bank account and where it goes and if it’s really there? It’s just a number in your bank account due to our debt based banking system , one that can technically be erased , at any moment .
Think about it, if stuff really hit the fan, whether it be a major financial crisis, war (God forbid), or something else, which significantly rendered many fiat currencies worthless or at least destabilized them significantly, what would governments all over the world look to use as a replacement, whether temporary or not? Not gold, because it is an impractical means of transaction on a mass scale, is heavy, and is essentially indivisible in real time. No, they would use bitcoin, which is the de facto global currency of the twenty-first century. You can’t argue that it’s not, it’s quite obvious at this point.
It is interesting to look at the front cover of The Economist from 1988, 20 years later.

I believe we are on the brink of something truly momentous. Most of the world still does not know the power of blockchain technology, and how it can change everything. Blockchain is the next phase of the technological revolution, and as we know with technology, once a superior more efficient system, product, or service is created, the world does not take a step back. We advance. Blockchain technology is here to stay and it’s not going anywhere, in fact, it is just getting started. This revolution will surprise everyone. From shipping and manufacturing, to voting in free and fair elections, to real estate, to finance, mark my words: it will change everything.
— MH
Mike Hendley is the Director of Business Development at Applicature.. He is a blockchain business strategist, a cryptocurrency analyst, and former cryptocurrency portfolio manager for high net-worth individuals. He is also a consultant to Applicature and is an advisor to CPChain. He started a Crypto Investor Network in 2017 and also served as Director of Investor Relations as well as the Lead Cryptocurrency Analyst at xCoins, a global bitcoin exchange located in Santa Monica, CA.
