Satoshi Nakamoto foresaw current Bitcoin issues 7 years ago

Kyle Torpey, a contributor to Forbes and Bitcoin Magazine, has noted on his Twitter that the creator of the most popular and expensive cryptocurrency in the world predicted two very important Bitcoin issues back in 2010, when the cryptocurrency market was just being born.

As Satoshi Nakamoto (real name still unknown) wrote, “Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it’s easy for lots of users and small devices”. See the current SegWit2x debates to make sure that this anonymous developer wrote nothing wrong – the further increase of the blocks in the Bitcoin chain has caused a wave of criticism in the community, even with firms taking sides of the conflict.

He has also correctly predicted another, positive cryptocurrency issue, what he called a “risk-free trade” when the signatures of transaction parties approve each other. In other screens provided by Kyle Torpey, Satoshi Nakamoto is genuinely surprised to read about the mining rig someone boasted about, and as Mr. Torpey calculated, today this rig would mine a BTC block every two million years.

There are many other interesting posts by Satoshi Nakamoto in a tweet chain initiated by the aforementioned journalist, to check it out would be interesting for all who would like to see how cryptocurrencies started. Ten or twenty years later, this is going to look as vintage as the websites from the 1990s look right now.