Gavin Andresen: “Satoshi Nakamoto may have misjudged Bitcoin's prospects”

Early Bitcoin developer Gavin Andresen believes Satoshi Nakamoto may have gotten it wrongevaluate the prospects for creating cryptocurrency.

Andresen first heard about Bitcoin in 2010. He immediately became interested in the idea and soon became the leading curator of the development. In 2013, he “handed over authority” to Vladimir van der Laan, creator of Bitcoin-QT (Bitcoin Core).

Andresen is now questioning one of theNakamoto's assumptions that by 2030 Bitcoin will either have a huge transaction volume or no one will use it at all. According to Andresen, a middle option is still possible — and in 10 years, Bitcoin will remain “a niche coin for gold standardists with roughly the same transaction volume as it is now.”

According to information that is known to the general public, Nakamoto sent his last letter to Andresen on April 26, 2011. Then he wrote the following:

"Do not present me as mysterious, vaguepersonality. The press will take advantage of this and create the image of a pirate coin. Probably you should talk more about the project with the source code and praise the merits of the developers more - this motivates them. ”

The very next day, Andresen publicly announcedhis intention to give a lecture on bitcoin at the CIA headquarters. Adamant Capital founder Tuur Demeester notes that Satoshi Nakamoto left the project shortly after these events.

In recent years, Andresen began to supportother cryptocurrencies. In May 2016, he confirmed on his blog that he believed in the creation of Bitcoin by Craig Wright, after which he was denied access to updating the Bitcoin Core repository on GitHub. Later that same year, Andresen also announced that Ethereum would outgrow Bitcoin over time.

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