Bitcoin Forum

So amidst all the Satoshi hype that's gone in with each time the media saying they have found the man, I have been wondering what would truly happen if Satoshi did return. As it stands, I believe, nothing really would happen because the currency has reached a point of decentralization where-in Satoshi cannot single handedly influence the project anymore. He will definitely have a cult following and companies begging him to be on their board. Hell, I even see him getting a Nobel prize for economics, but apart from that what do you think could be the possible implications ?

For me, the single biggest concern is the 1m+ Bitcoin in his possession.
Technically, he single handedly owns over 5 percent of this monetary system, which in my opinion is a heavy concentration with a single individual. He could definitely liquidate it over time, but I doubt how the markets would react to the same.

Thoughts guys ?

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

"depends on noone, controlled by noone"

What about the miners ?
Don't they have a certain amount of influence? :)

Bitcoin's value is a perceived regard for its benefits and usefulness that the Bitcoin protocol depends upon for its existence. Bitcoin Miners are rewarded bitcoins for processing.

What am trying to say is, don't they practice a certain amount of power if they pool together 51 percent of mining power.

A lot of people would ask him for a donation.

Craig, stop writing questions to the community that you already know the answers to.
Start working on your book. Have you reached your 5000 word quota for today?

Man, I wish I were Craig. Dude is a millionaire. Am struggling to pay college tution.

FUDsters would go full throttle, using satoshi's suspected wealth as their weapon. some people would refuse to believe him/her and starts asking questions. and the traders might go to panic mode.
one thing for sure, the community will be thrown into uproar.

Possibly. Or maybe the uproar passes in a month's time when the people realize everything is decentralized. I didn't see a heavy downward pressure on the price of Btc during the wright fiasco.

Well the only problem around a return of Satoshi would be the coins he really own,if he drop some people could follow him and make bitcoin worth nothing in the short time,because to make him drop their coins would mean two things something bad coming to bitcoin or he dont wanna anymore be conected to bitcoin ,in any way he had made already bitcoin soo a returning now would just expose him and make him a target from the country he lives.

Pretty much all the argument I've heard against his return : The coins he holds.

all of us here doesn't care if he returns or not, we all still believe that this kind of currency should not be stake to one person or groups we all here because we love how bitcoin works for us, so no matter he return or he is the real satoshi as long as he won't do any changes to our community it won't bother me.

From his very own start he did not show any sign of interest in money or wealth. If he did , theres no doubt that atleast a portion of the funds from
addresses that he posesses would be moved and traded with, or at the least part of it dumped on the large bubble back in 2014.
I think he never left the scene, but that he is observing from behind the curtains, still only interested in nothing more than progress of this gamechanging project.

How's Satoshi gonna prove who he is? Private keys and PGP stuff can be coopted by other people. I guess he could produce some research and early drafts but even then maybe this community is too far gone to believe anyone no matter they come up with. I also think he's far too clever to attempt a comeback.

His 1m is now only 15% total supply so the worst could be 15% variation. But as others have said Satoshi if not dead to life is still dead to Bitcoin because he's been out the scene so long now.

excatly,that will happen for sure,people here or other group that knowing satoshi is return and show his identity to public will ask for donation or maybe giveaway ;D we know he has so many bitcoins.

The price would drop. If someone, anyone provided irrefutable that he/she is Satoshi by signing one of the early blocks, we'd be certain that someone has direct access to a million or more bitcoins that were so far crossed out by traders. This immersive amount of timidity liquidate wealth that would suddenly be back on the table would cause a lot of panic as traders wouldn't really sit well with an elephant on the room.

your calculations a bit off, as 10% of 15m, is 1.5m,
so he actually has about 7%, but when you consider there may also be a couple million lost coins, its probably about 10%
now btc has taken 10% nosedives, so unless his 1m were added to the whales that currently manipulate the market
it wouldnt be much difference
sure when trading it would make a huge difference for a while but it would be short lived
price would just settle down 10% lower, and then continue as normal.

one thing i really hope is that those at the top of the bitchoin chain,
are not all in together bring out stories for media and pumping and dumping all together
the temptation would be there for a handful to manipulate bitcoin and earn millions
but if this were true and ever found out it would destroy bitcoin in seconds

LOL. that's an unique thought. are you sure he will donate to a lot of people asking for it?  ;D

if he would return, perhaps he will bring new sollution for what he has failed.

Ask lottery winners, what happens, when public knows they're rich. First is donation spamming. Then out of the blue investors will come to explain how they could invest. Oh, and there will be people trying to simply steal their money.

If satoshi returned he would say that he is craig, and that is not a joke. But if he will really return, I think he will do some improvements regarding
bitcoin and he would open an investment for bitcoins and directly holding by him.

You are right. If satoshi does come back, he probably won't have an influence on most people, but some people might, which could really effect bitcoin.

He will never return  ::)

Im sure satoshi wont harm bitcoin if its really that he has over 1 Million Bitcoins as it is his greatest legacy.
If he ever comeback he will probably spend slowly his Bitcoins.

My opinion, even if it is declared a real Satoshi nothing to Bitcoin is not going to happen. Yes, most beginners may succumb to panic and HYIP because of bloating conflicting information media, and sell their part. But most also did not respond. Bitcoin is already fully grown and used, it is almost independent, decentralized.

Looking at what happened so far with Craig, I would say the attacks on him will increase in magnitude of x10. The media and shills will go into over drive and will try to take him down. They will link him to every bad thing possible to make his life a living nightmare. 

Once they had their share of him, the official government gears will be set in motion against him. He will be charged with things like Tax evasion and industrial sabotage or whatever trump up charge they can think up.

Whilst that is done, hackers will try to get to his/her coins and people will break into his/her properties in an attempt to get to his or her private keys. The family members will need 24/7 protection against possible kidnappers. 

nothing is going to happen and nothing will change if satoshi returns, people should really stop making a god out of satoshi and start to realize what anonymity is and how open source programming works. satoshi created bitcoin and others have been developing it ever since. even if satoshi comes back he will only be one developer.

My opinion is that it will not affect the price of bitcoin even though satoshi will return and gonna reveal himself.
But it depends on satoshi on how he will going to move any codes in bitcoins.

In terms of development nothing would change. We would keep going the way we are on now.
Of course he/she/they would get flooded with questions like: "Do you still have the private keys for the ~ 1million coins?"
"If yes what are you going to do with ith?" and many more.
Maybe he/she/they would get arrested by or kidnapped by some agencies?Who knows!
I hope we will never know who Satoshi really is.It's better for all of us.

Nothing would happen I think. People at least I would not care that much if Satoshi returned or not. I would go on with Bitcoin like nothing changed at all and I am sure that most poeple would not care.

I think it is good if we will know who created bitcoin even though we all know that it is not only him.
Of course he has a team that worked with him.

I don't think it will change anything because he can't do anything about it now. It can only goes
wrong if people don't like him and they don't want to use his coin. But that won't happen.

We've had those attempts of donation spams and investment-scams before. My mother has a successful, small but growing business and flocks of people are always asking for donations and investments. They are non stop. Different people and different brands every time. Plus, I've personally had those Nigeria-based email spams asking me to invest in their program and all. I just laughed myself off.

Look here, what happens: https://www.reddit.com/r/Bitcoin/comments/4ixkee/looking_to_buy_1000000_in_bitcoin_lottery_win/


Answer snippets:







Imagine the PMs...

It is obvious that nothing significant will happen. We all Satoshi, all in our hands. Satoshi Personality no longer matter to Bitcoin. The system is constructed and operates in a decentralized manner.

But if there is a view of the personality of Satoshi, he was nominated for the Nobel Prize. And if he does, he will get  think.

He wll be happy to see the bitcoin growth

There are many scenarios what will potentially could happen with Satoshi's return:

1. It will be the hottest topic on the internet and news about bitcoin will be spreading like crazy. Satoshi will become worldwide known celebrity.
2. Bitcoin market will be shaken - people will be afraid that Satoshi will move his coins.

These two options are 100% realistic and most likely to happen. But overall cons of revealing himself are far greater than pros for Satoshi.

price might drop or perhaps he could push btc back in the right direction of devlopment

I think it will not affect at all since bitcoin now can work with their own without Satoshi interfere.
If Satoshi try to make some movement, I think it's value only get move little by little

There are a lot of big companies that would love to have the real Satoshi Nakamoto working for them. My wild guess is that Apple or Microsoft or Samsung will offer a pretty nice salary to Satoshi for his/her service then he/she will proceed to develop the next proprietary iBlockchain or CortanaChain or GalaxyChain because in this day and age money is king and everyone can be bought. Just remember what happened to Nokia after they had brought in that Microsoft spy Stephen Elop to rescue their business.

Maybe he is already working for one of the bigger companies that you mentioned.

He has to have a more than decent income as he didn't even bother to touch his coins when the price reached its ATH in 2013.

Who gives a shit if Satoshi returns? Will it affect anything? Bitcoin is running perfectly without him. So no, it wouldn't make any difference.

Also, leave him alone. He chose to be anonymous for a reason. Please respect his right to stay undiscovered.

Pretty much this or he/she will be risking getting kidnapped because with a net worth so huge like these 1 million unspent coins there will be a very long queue of international criminals waiting to get hold of Satoshi Nakamoto. If I were Satoshi I would be scared to go outside and will be looking over my shoulder for the rest of my life. Or people would nag me for donations all day long. Imagine what a shitty life that would be if Satoshi decided to return.

Yeah it is not going to change anything at all if he comes back. Nobody is caring enough for it, the users only think about them selves and when the next opportunity comes to make some money out of these coins.

Nothing special except if he start selling the bitcoins that he might have (which i believe that are millions of bitcoins) by this the price of bitcoin will be go very low comparing with the actual price, i saw a suggestion from theymos to destroy satoshi's bitcoins but it's not a good idea.

selling bitcoin?are you kidding me?i think if satoshi return,he will not sell any coins,because he already done it on last 2 or 3 years ago,they have many profit for sell bitcoin in higher price than now. i guess if satoshi return,he will explain why he hide and so mysterious.

How says that he ever left? i believe he is just being silent...... ;D

I think when he will try to comeback people will start hyping for 1 - 2 days and than he will get contract form big company and everybody will forget about him.

I dont think Satoshis return will make any difference anymore.He is not the fool to sell his coins in bulk and cause prices to fall.The only difference will it make is we might catch him online here on this forum ;)

If he does show up and prove himself/herself/it the impatient ones will start to sell off thinking that he is about to dump bitcoins. While the patient and smart ones keep calm and wait for the panic to be over.

what would happen if Satoshi returned?

well, this question might not gonna be happen,..
and if ever he return no one knows what he gonna do?
because his existency is also a hearsay that came from a different expert bitcoin enthusiast
from a different opinion in Satoshi.. :)

I think if he returned he'd have a huge following many people would be willing to support his works regardless of what it is.

I think the price would rise again because the fact is that if this would happen the bitcoin would have a lot of media attention.

That's true the price is getting higher and higher, but it does not effect is ever Satoshi is going to return and reveal himself, if he is still alive for sure
he is now a millionaire or even billionaire take note, billion dollars. But I guess, the circulation now is base on how people holds and spend bitcoin
and also it is going to depend with the coming halving.

I'm also thinking this, it will really open the eyes of people and they will like it for sure,  I really think the price will rise with huge numbers.

you're quite mistaken. If he came back people would start to worry about what he would do with his big bag of bitcoin.

Satoshi will be happy because maybe he was a millionaire already because of his BTC share. BUT he is more concern of his security also, since many groups will hunt him or will shut him down?

But persoally,I would be happy if he would come out someday. He is a modern time hero.  ;)

bitcoin is running fine.

It would only help if he/they/she would return if they answered
peoples questions and worked on helping the community expand.

That's for sure in the coming halving, price of bitcoin is going to increase even satoshi will not return, it is on its way.
We just need to wait for it and don't rush on the things to come.

Personally I think that nothing would happen, most people would not even care about Satoshi. People are making use of Bitcoin because of what it brings and what you can do with it, not because of Satoshi.

Right,Media is one of important factor can make bitcoin price is rising because media can make a lot of people want try bitcoin and bitcoin will have new users. and same time it's will make advertise for bitcoin too.

yes I think it was one of the causes is still a lot of people out there who are afraid of investing in bitcoin despite the They already know about bitcoin, yes because of it, satohi Nakamoto holds 1m+ Bitcoin.

What do you mean, "if he returned"? We have never known who the real satoshi is so yeah...... If he did reveal his identity though, I doubt much would happen and the price would probably stay the same.

I think nothing will happen if he returned, bitcoin will be the same as it is now, nor its value will increase because of him and never will it decrease, the only thing which will happen, Satoshi will get some respect from the community of bitcoin and he will have to answer a lot of questions of the media, and media will get a new topic for their business.

The only thing in my opinion that would happen if satoshi revel his / her self  ;D is maybe acceptance from different works of life, maybe btc would be widely used and recognized and generally accepted as a means of payment

Yeah, even if he returns it won't make any difference to the community, and it may affect its price may be we can see some higher price with the return of santoshi.

If the Satoshi is proved to be the person, the bitcoin price will drop initially, but it will rise soon after.

Dogs and Cats playing together, mass hysteria!

You dont think a vanished dev coming back with 1m btc will make a difference on the community. You must be new here. We have seen this happen before and other things like it in the altcoin markets and it never ends well.

I don't think it is nothing to do if Satoshi is going to reveal himself. The fluctuation of price now is depending
to the demand and supply of bitcoins in the economy of bitcoin. And even he gets back bitcoin will always
be on the price increase.

Maybe he will make another coins LOL
with Ico it in haha  :D