Bitcoin Forum

What do you think that will happen once the real Satoshi reveals himself (and proves that he created Bitcoin)? Will Bitcoin ever be the same? Will governments try to pursue Satoshi and put him in jail?

This will be something interesting to know, once it happens (if it ever does) sometime in the future. Please feel free to share your thoughts here.  :)

Could see the potential for them to figure out who he is and force him to play ball or get the Snowden treatment. Reflecting on the issue for some time because it seems to be a ongoing issue knowing who he/she could be I came to the conclusion it was not a good thing for his safety.
If its not the government that do him in,there are people that would think he is sitting on valuable info or bitcoins that could be worth their well to attempt kidnapping him/her.
If Satoshi was to come forward and not have any of those things happen I would be shocked but going back to government...
I would treat him the way I treat apple after they claimed not to hand over a way to get into that terrorists cellphone. It was suspect and I would suspect he/she also had given the government a way to circumvent bitcoin when the time was needed. Call me a tinfoil hat thinker but I tend to think that way about a lot of stuff. :D

If Satoshi comes out in the open, no one can predict whether it will be beneficial or detrimental for Bitcoin. For example, if he is someone with a past criminal activity, then it can affect the reputation of Bitcoin. Also, it will be interesting to see how the authorities react. In all probability, they will try to jail him for challenging the fiat money system.

I can't figure out why satoshi is still a mystery. At least his friends or family member should know about this invention then why they don't reveal the secret what's the use of keeping it secret. They might think that if they reveal the truth they might be arrested by police because it's a public property which affects paper currency. But if he reveals the truth then he might face some problems that why he is not cunning up. It's my opinion.

Likely nothing would change, chances are he would be viewed as a target for a lot of countries and they would likely want to get their hands on him (or them) and gain access to the base technology behind Bitcoin.

Now of course that is assuming there is enough information to prove that he's the real satoshi, and until that information is made available I don't think he would rustle anyone's jimmies.

I doubt he ever will, and i think he is smart enough to not.  he would be hounded for years if he did.  and yes i reckeon in some countries they would be after him for millions in unpaid taxes on his bitcoin fortune.

I don't think it will make any difference to bitcoin if Satoshi reveals himself.
There are the mining pools and the traders and who know who else pulls some strings in the background.
And everybody is looking out for the best outcome for himself.
I don't think that Satoshi could do much against the idea of profit.
Business would just go on the same way it does today.

It would entirely depend on the circumstances of his self-revelation, and upon who it actually is. No point in speculating without those data points.

Satoshi will never be revealed - I also do believe Satoshi is not just one person - was there multisig for the first block, did it exist back then? That would explain why no one has been tempted by the riches waiting in the first block!

How would Satoshi prove anything now? PGP and private keys can be handed over. Most of his accounts have been fucked with now. Research could be collated and faked. It may well be too late, not that the real person or persons is going to show now.

He would never want himself to be revealed. Why? Because he has created something that is amazing for us but the enemy for governments: privacy. It's not the privacy we're thinking at right now anymore, they want it to be in their hands, to be controlled.

If he stayed anonymous for up to 7 years and more I don't think he will reveal himself anytime soon if he will at all. I think nothing would happen to bitcoin unless he decide to try to hack it as he can do it considering he is the creator he knows all of the basics.

If he doesn't intervene in anything then absolutely nothing will happen to bitcoin because bitcoin has a really good team of developers behind it(core developers).

Well just look at what happened to Craig Wright when he claimed that he was Satoshi Nakamoto. They { authorities } came down on him like a

ton of bricks. The world and mainstream media scrutinized every move he made and turned everyone against him. {That he brought on himself}

The same happened to Dorian Nakamoto ... So if I were the real Satoshi Nakamoto, I would stay hidden forever.  ::)

I think there are not anything will happening with bitcoin, bitcoin will depend on to users, developer and comunity. Even if Satoshi Nakamoto show up him self, because bitcoin has be changed to more better by developer and comunity who care about bitcoin.

Bitcoin would most likely be the same, I think. We came thus far without his guidance, so... Satoshi appearing would be another voice just like any other. Governments would definitely be on top of him ASAP (if they aren't already) and would probably seize his things and/or arrest him.

What the interest of government is wanna for jailing satoshi?
But just giving a little surprised if satoshi is wanna for revealing himself in the public of bitcoin. but that's giving a little shock therapy for public of bitcoin.

Aha, this is a good topic .
If satoshi nakamoto reveals himself i think there's so many issues that he will face .interviews and jurisdictions. He can be hired to the government where he belongs or caught by CIA/FBI to work with them . Satoshi nakamoto is so innovative and creative imagine how he create bitcoins like this and also bitcoins will not be the same because if he reveals himself the whole world will cover his existence and bitcoins will be known fastly.

nobody knows these things.
maybe CIA would ask him to go there and answer some questions and help them break bitcoin encryption to find some people with it.
but i don't think satoshi will ever be revealed in our lifetime.

It will have no effect on Bitcoin. Maybe the price will go up or maybe it will go down. We do not really know. The government cannot pursue him. What did he do? He only created a protocol based on concepts from cryptography. What will they put him in jail for?

I do not care who Satoshi really is and in my opinion it would be better not to know and keep the mystery alive. But I still get curious from time to time.

satoshi is one of those identities that we may never know who he/she or they really was/were and i think that makes it even more interesting.

but if the identity is revealed i think that day would be the hottest day for bitcoin and there is a possibility for a price drop because of panic.

here is satoshi picture:http://www.thereheis.com/nucleus3.22/media/gallery/20100216-computergeek.jpg

Although the odds is low about that revealing thing, let's put the situation there.

Likely, I see that nothing will change in the whole bitcoin ecosystem just because of that "except" how will the people in charge will respond to that situation. If they took that as a negative thing and began to think how to erase the whole blockchain then that is a problem. But of course there are contradicts that also part of that people in charge so rather erasing, they will took the advantage of it.

I do not see any negative side because of Satoshi's come back, but more chances for growth instead of debating for 1 MB block size, quick decisions/solutions would be  possible.
 
I am not aware of how Bill Gates and Mark Zuckerberg are managing their personal/official emails, but Satoshi might face the problem of getting his inboxes flooded with donation requests.  

In my own opinion if satoshi  would be caught or   voluntarily surrendered to  authorities then  it would surely impact the reputation of bitcoin all over the world since it would be a big news and everyone would  know regarding on his invention either it would give positive  or negative impact on  bitcoins image into the  people  all over the world.  About the  price i would assume that it wont  somehow  affect it because  bitcoin is  decentralized.

why is everybody so obsessed over who satoshi is, satoshi decided one day to hide his identity and stay hidden (anonymous) and that will continue to be this way.

and even if someday that happens and the identity of satoshi is revealed then satoshi will only be another developer who is contributing. this is a decentralized money after all.

Don't think it would really have an effect on bitcoin unless he started doing seminars or something of that sort. The scenario I think of if Satoshi was to reveal himself would be trolls and extreme fanboys annoying him back into hiding. It would be nice for AMA and informational purposes if he chose to do that along with revealing his identity. I think he keeps under the radar for a good reason (publicity) and diverting back and showing who he is completely defeats that purpose. We may just have to wait a few years...

I dont see any reason why the government will want to put satoshi to jail, he didnt do anything wrong in fact he created something that help a lot of people, the government should thank him, and if satoshi being revealed maybe the bitcoin reputation will be increase and more developer will looking to cooperate with him

I think there would be no effect.  People would just be happy knowing who really is Satoshi is but I do not know if there would be any effect or it will affect bitcoin.  Maybe people who were into bitcoin will be happy to finally know who he is and the mystery behind it will put to an end.

No one knows the effect of this especially in the long run but I am sure that the first days after satoshi decides to reveal his id everyone will start panic selling and Bitcoin will lose more than 50% of its value.But I doubt that we will ever learn who satoshi really is cause he knows better than anyone that this will hurt Bitcoin and himself,it will remain a well-kept secret for many years.

I can't predict what will happen to bitcoin once Satoshi reveals himself. but I don't think the government will put him in jail because bitcoin is not a criminal at all, it just depends on how people use it. and I think bitcoin will be the same as usual.

I'm not sure it would be a good thing for Bitcoin if someone proved beyond doubt that he/she is Satoshi. The Bitcoin world revolves as Satoshi's work and if Satoshi is the center then identifying who he/she is would unavoidably lead to a centralization of sorts. Right now he is a myth, an invisible/intangible center nobody can influence/corrupt/coerce.

i don't have any idea if this is really happen. because what is the point is real Satoshi reveals himself? did he wants to make something new with bitcoin projects? maybe market will be get strong for the rate and increase the rate, but there are no big effects for bitcoiners.

governments will make an approach with real Satoshi and make discussion with him and from that conversion, government can make decision about legal of bitcoin.

Is there anyone that can give a picture of Satoshi? The legit once because I don't think this nerd is Satoshi and base upon his name he is a Japanese.

So this geek is not a Japanese at all, I'm not being racist but that is the reality. I just want to see how Satoshi looks.

But still that is not going to do something with the bitcoins economy.

No that's not satoshi,satoshi is not suppose to be a big fat nerd.He is suppose to be Japanese Ninja with mysterious Muaithai skills.If he ever reveals himself,he would surely post a shirtless picture for the next Forbes magazine.

I thought that Satoshi already revealed himself.

He was an Australian programmer,i guess.

Anyway,he left the bitcoin community.

i think it Will never happened because satoshi himself can control the flow of btc so there may ne a chance that government can force at satoshi to make some control at btc so that they can apply some tax by government at bitcoin wallet btc .

We don't know about the nationality of Satoshi. He may be Japanese, but there is definitely no surety about it. IMO, Satoshi is probably a white male. There were very few Bitcoiners from Japan during the early days (i.e in 2009). That said, we don't even know whether Satoshi Nakamoto is a single individual, or a group of individuals.

If Satoshi reveal himself, I think it might make positive impact or negative impact to bitcoin.
The positive impact is bitcoin price might rise up because of this. And the negative impact is people will be cautious with bitcoin because people might think satoshi will dump his bitcoin and make the market crash.

Satoshi owns 1 million bitcoin, if he reveals, there are many scenarios:
1. robbers rob him
2. governments catch him, sue him for many crimes: money laundrying blabla.
3. he is the hero of the society

IMO first one is the most possible.  ;D

How ? Those bitcoins are stored digitally,he doesn't walk around with his private keys. lol ?

Nooo ? His technology is patented.Inventor of bombs was not jailed for every terrorist attack that took place.

That he anyways is...

It would likely depend as to who he is and if he has previous records in the government if any wrongdoing or whatnot. I'm sure many will try to get hold of him as he is someone who created an innovative technology that affects the flow of money in the economy and challenges the fiat currency with the digital currency. I think there would be a fluctuation of price when he appears and then after a few days it would be back to normal.

If Satoshi would reveal himself, first of all, people near him would surely rush into his home and maybe even break into his home to get some Bitcoins. The return of Satoshi would only make his Messages full of people begging for money. Satoshi surely has a lot of Bitcoins in his wallet and I guess the reason why he isn't revealing himself is for security purposes. Bitcoin would have lesser investors if Satoshi turns out to be a bad guy or say absurd stuffs like "Bitcoin is a scam."

i have no doubt that Satoshi has strongly contribute for development of digital currency and If Satoshi reveals himself i think the government in the world should be learn to him how make banks transactions more faster and more efficient because bitcoin have something else who banks doesn't have it but in my opinion if this is really happen some countries will accept him and officially admit bitcoin as the currency

I do not think it would affect anything in Bitcoin.

Also Currently the currency and the community are very strong.

Satoshi returning back means a million bitcoin coming back to circulation. Until the number of bitcoin users increase significantly,  the price will drop significantly.
Also, there is a strong possibility of panic selling which will decrease the price. I don't think people will start using bitcoins just because the founder will return so i predict a significant decrease in price. 

just because it have japanese name doesn't mean he is from japan...

I don't understand what would you tell a friend. However it is the currency is something which is desperately needed by everyone and certainly everyone will love the currency which gives the advantage of being much more in other currencies that appeal. If indeed satoshi asserting yourself, then it's something good. But if the statement of the bitcoin has many policies that complicate then I am sure that the growth of the bitcoin will be crushed

Nothing good would comes from that. Take a look at ethereum where creator is public and people reaches to them to force him to make decisions. Whatever decisions he would make, would be bad, which happened :|

Satoshi Nakamoto created something wonderful called bitcoin so I think that Satoshi is intelligent enough to know that revealing who he/she is, is a dangerous thing to do cause of the risks.

i do not expect anything and government can not take any action to bitcoin because even the inventor can not stop this all the transactions are stored into the network and all the miners are cpnstantly mining more and more coins every second nothing can stop it

It is a know fact the created owns quite a lot of bitcoins which means he can be a target to criminals if his identity is revealed. And yes he seems to be smart enough to stay in the shadows because when he is a public figure it may get hard for him.

The last person claiming be Satoshis ended wrong as i know the community had attacked him, i dont remember the name now, if Nakamoto shows off we would a big problem in hands, he had donated the project to a core team, as i know he left bitcoin long time ago. The country where he live will put him into the jail and try to get acess to those 1 milion bitcoins, besides that bitcoin would loose as maybe the countrie will try to close bitcoin.

First, there will be many people throwing him (Satoshi) some questions. And I think Bitcoin will become better, cause we already know the founder and as the person who understands Bitcoin the most so we can finally improve the system.
And about the government, I think they won't really care about it. And I think the one who will be excited about this is the media, and there will be many-many-many new articles on the net or TV about this.

bitcoin would definitely be destroyed in my opinion, people would be selling it because they would think that satoshi will sell his bitcoins

Yeah that is certainly true. In that case it is best for Satoshi to never be found since it may bring many controversial issues among Bitcoin and blockchain technology. It would put himself, as well as Bitcoin at risk so I guess that it may be best for Satoshi's identity to remain a mystery as I think that this is one of the reasons Bitcoin is very popular.  :)

if satoshi comes out, he could possibly go down becuase there will now then a possibility of him getting pinned down. and bitcoin goes down.
fbi and the rest wants him and the government wants to collect tax from him and his wallet might just be open.

If satoshi did not sell all his bitcoins when the price hit an all time high of 1k+ dollars 3 years ago, there's no reason to sell them now.

why would government wanna jail satoshi for my the real satoshi already die because he isnt online in bitcointalk since 2010 even someone reveal that he is satoshi i would not believe

a lot of people will panic for sure.
and also it would be a field day for the FUDstears who love this kind of drama to spread FUD
but bitcoin will never die because of this, the price would take a hit then it will recover even faster.

That's not sound logic at all. There are near infinite possible scenarios that could explain why he didn't sell back then and there is no guarantee that he won't sell in the future. The more Bitcoin users there are, the higher the chances the market could survive the dump. If Bitcoin had been inflationary, eventually his 1 million would've become insignificant.  However, because the total number of Bitcoins that can possibly exist is finite, the 1 million Bitcoins will always have same tremendous power and the resulting damages from a dump will always be severe.

Satoshi have zero reasons to reveal himself. He probably put a lot of Bitcoins into different addresses. If he wants to buy something, he'll just use one of his many addresses to buy that. He's a multimillionaire now but he probably isn't listed in the list of the wealthiest person in the world because his money is in Bitcoin form. Revealing himself would just result to people begging for donations, even you don't want that.

you ask this question as if it is something that is planned to happen!
but i think it will be some temporary chaos and depending on how things shape out to be like it can be small chaos or a big one but eventually bitcoin will continue being the same thing as ever.

remember that bitcoin is decentralized and even if satoshi is revealed he can not be the center of bitcoin because that would make it centralized.

and as for jail, why would this happen!!! there is nothing illegal with what he has created. he should be awarded a prize for the revolution he created.


my thought is that this will never happen :D

Well, I was thinking that goverments might jail Satoshi in the case that he would not be able to pay all those taxes (depending on the country of residence) as it is a hefty sum of money. Also, making a technology that goes against banks and the monetary system of governments might also be a case of him going to jail.

And for sure, even if Satoshi would reveal himself to the public he would have no control over Bitcoin as it is decentralized. At first, in a moment I've thought that Craig Wright was the real Nakamoto, but then I figured out that he was a joker as he couldn't prove that he owns the first Bitcoin block (and/or Genesis Block) with his keys to the public. The day that we see that coins from Satoshi gets "moved" to another address and it will be the day that Satoshi has returned.  ;D

Satoshi would never reveal itself. This is what makes Bitcoin what it is. The creator doesn't care about recognition. It's a cypherpunk style. Just create.. . but create a huge brilliant system. Many things in the engineering and in the programming world works this way. I saw lotta of projects around the world did by amazing minds who doesn't care about recognition. Just use it and remember "my name".

There are different reasons why Satoshi Nakamoto must remain anonymous, ideals that were present at the creation of bitcoin allow cryptocurrency meet its objectives without having to Nakamoto as an authority figure http://criptonoticias.com/colecciones/5-razones-por-las-que-no-deberiamos-saber-quien-es-satoshi-nakamoto/

Thanks for your reply mate. I have found this article very interesting. Satoshi may never be found (as probably he/she is dead) but at least he created a revolutionary technology which is changing the world. Now I have seen that many organizations and/or individuals have been trying to patent blockchain technology (like Craig Wright). I wonder if they could have success in this.  ::)

i feel the same . since i know bitcoin until now i still don't understand why satoshi not introduce himself..

It will never happen.
I'm sure that person, or organization, with name Satoshi, will never reveals himself.
If he wanted publicity, he will do it long time ago.
Such action will just create a lot unnecessary problems for this person, legal, taxes, negative press etc.
In anonymity he can enjoy himself, travel around the world etc, without any pressure.
I'm sure that government trying to find Satoshi but it's seems he is smarter :)
Any way, Bitcoin is not only Satoshi but much, much more.

the reason is actually pretty simple in my opinion.
it is a symbol that proves the level of anonymity bitcoin is offering. it shows that it is possible to potentially stay anonymous while using bitcoin.

As I understand it, just keeping bitcoins is not taxable in most jurisdictions. It is only after you convert them, say, to dollars, you will have to pay either the property tax (if you mined them) or the capital gains tax (if you bought them) should you reside in the US. Since Satoshi didn't buy these bitcoins, he could demand a tax reduction, and that is where things could get extremely interesting. Though his confirmed expenses might be minuscule (I mean electricity bills, depreciation of equipment, etc), he might still claim that he spent years developing Bitcoin. So it is really hard to tell what this story could potentially end up with. In any case, this is not what he might get in prison for...

Though this doesn't exclude that he might be put behind the bars for something else

Would anyone still want to use Bitcoin and it's open ledger if people found out who "Satoshi" really is?

http://o.aolcdn.com/hss/storage/midas/72fa4400775692fdbb8f30f3d243b16b/202377574/nsa-headquarters-ap-photo-960.jpg

http://2.bp.blogspot.com/-H3LgCkV0PS8/UtBms-_9geI/AAAAAAAABHo/Ag6jQcJjkJs/s1600/nsa-headquarters.jpg

http://time-az.com/images/2011/06/20110621CyberCommand03.jpg

http://tech.firstpost.com/wp-content/uploads/2016/02/Supercomputer-640.png

Then his bitcoins will finally move and it is good to the economy of bitcoin. And maybe a positive effect on price also. But more importantly, we would know who are we going to thank for a great invention he has given us.

Satoshi still in hiding someone people are saying that it is dead but bitcoin.org are giving alert that said satoshi nakamoto giving a large about retirement plan for bitcoin..
So it means for me it is alive and i think he is hiding for security reason that is why he made bitcoin anonymously for its own safe..  and other people who are using it..

I sometimes wonder if satoshi revealed himself and could be proven to be THE satoshi then could even he repair the current problems that bitcoin is facing. Im doubting he could but it would be good to have some sort of "leader" to see what he thinks is the next best move is for bitcoin.

It cuts both ways

Let's assume that he finally decides to reveal his identity, after so many years being in "exile". People are watching in surprise, monkeys are listening in perplexity, but everyone is otherwise happy overall. But then Bitcoin suddenly collapses (for whatever reason), and folks start blaming him for losing their hard earned money. It doesn't matter that ultimately it was their choice and consequently their fault too, they will still make him into a scapegoat. In this way, it may be a wise decision to keep anonymity after all


Bitcointalk back-office, with theymos in the middle


Server room

I don't really think anybody could convince me beyond a reasonable doubt that they were Satoshi.

My 'fun' theory is that Satoshi is Hal Finney, or he was part of the group that is Satoshi, and he is dead.

Honestly speaking creation of bitcoin is one thing and running it is another(its decentralized) so if satoshi was ever going to prove himself to the public probably the least thing he would get is a noble prize and as for going to jail well he did not create the crime for  being a genius ....so why would he\she go to jail and what would be the charge ???

If Satoshi reveals himself that would be actualy good news for Bitcoin. If that person could proove that it's real and true Satoshi. That would make good impact on Bitcoin and probably would promote it even more. But somehow I'm not convinced that we will ever find out who the real Satoshi is.

If he is a US citizen, the US government could claim that Bitcoin in particular and the blockchain technology in general were developed by the NSA, and he didn't just steal their technology (which is one thing), but also revealed classified information (the blockchain technology) to general public (which is a totally different thing). After all, the hashing function used for Bitcoin cryptography was actually developed by the NSA...

So don't get surprised if he eventually shows up at Moscow's Sheremetyevo airport

why do you think that even the man behind the bitcoin could not fix the current issues,if he could single handily bring out this great innovation what will hinder him from fixing the issues the bitcoin have at the moment.Never underestimate the great man behind it.

I suppose he is not going to do that, because just as you noted they are likely either to put him in jail or at least to make him pey huge taxes for what he earned by this creation. They may even force him to create some superstructure for bitcoin which will make people pay taxes to somebody at least. That is why he just can't afford doing such a think. Bitcoin may then start being free and 'put into jail' instead or with its creator.

I don't think he would be put in a jail. When this kind of person is discovered and some countrie's governments want to kill him, another countries offer a exile on their embassy. The person can live there without worries, doing nothing all day long... Probably just on the internet, playing games, watching TV. But I believe the life he is having now is fine as well, much profit for him for the rest of his life.

That's exactly right, without the US military industrial complex and radical cryptographic activists like Hal Finney there would be no Bitcoin. You want to know who invented Bitcoin the two above are a good place to start. In 2004 Hal Finney created the first reusable proof of work system long before bitcoin and in 2001 the National Security Agency first published the Secure Hash Algorithm 2 with digest sizes in 224, 256, 384, or 512 bits.

There is no great and wise Satoshi, ruler of Bitcoin. Bitcoin was invented by NSFinney.

If I was in Satoshi's place, I would never reveal myself, even in the future. If you think he will show himself who he truly is, it won't happen because if he really would want to reveal himself, he already did. There's no guarantee that it would have an effect if he's just somebody, but I think by proving himself, he would become someone whos is really powerful.

Nothing I think just you will see his face everywhere and maybe he might be chargedcharged with a made up crime

He will be control by somebody is powerful if he reveals himself to the public, his knowledge about the bitcoin and being the creator of it is like putting yourself in danger if you reveal yourself to the people, they will recognize him but the consequence is bad. It's like Rothschild's family member walking to a public without a bodyguard.

Satoshi is still a mystery, and its pretty obvious why. Lets do a reason-head count here,

A) If Satoshi came out in the open, it might create a life threatening situation for him, if, of course, he is still alive. Cant you imagine, all the people would want his money somehow.

B) He might even be charged with all the crimes committed with bitcoin, which is pretty large.

I think these two are reason enough for Satoshi to remain anonymous.

if satoshi reveals himself, i think bitcoin popularity will increase and probably satoshi is going to be one of the richest man in the whole world, and the government will extremely happy, because the government is going to tax satoshi and satoshi won't be able to live in peace anymore, he will become a celebrity for bitcoin user

It also depends how after satoshi opens the card name. Because sometimes there are something things that affect a person's thoughts after they get something bigger than his desire. It could be after the original name of the open policy satoshi or regulatory change and the change is bitcoin is more detrimental to users compared to the upside and that's one of the things that will only make the bitcoin abandoned/. But it all is just a possibility, so we'll just see what will happen

Nothing. Exactly nothing will happen.

It doesn't matter now if satoshi reveals himself or not. Bitcoin will remain the same. There is no point in jailing him or critizising what he made. Did anyone imprison the one who invented paper money? No! The world just embraced the idea of paper money and just adopted it. This will also happen to Bitcoins.

How do you know? The invention of paper money is attributed to China somewhere around the 7th century AD, and the fate of those who was behind it remains largely unknown. But in Europe, people who first suggested to use paper money either ended up right in prison (Johan Palmstruch (https://en.wikipedia.org/wiki/Johan_Palmstruch) in Sweden) or barely escaped it (John Law (https://en.wikipedia.org/wiki/John_Law_(economist)) in France)...

Though it was not their fault for the fiasco of paper money back then...

   In case he reveals himself there is big chance he will be able to claim his million bitcoins, and in this moment that is a lot. He can do many things, its out of the mind to try to predict what he can do with all this money.
   Situation and circumstances when paper money was invented and adopted are not the same as now.

I do not know, it might affect the price and the quantity bitcoin. it could have made a bitcoin price increases, but it also can make bitcoin prices down. it depends on what action satoshi when he reveals himself, because bitcoin bright future or not depends on what he will do

It might actually affect the price whether positive or negative is what I dont know in as much as it is going to make the price of Bitcoin soar what of the fact that the anonymity concept is no longer there since we now know the person behind Bitcoin. I dont think he needs to come only if one fool wants to take credit for his work because according to what I read he has about 1 million BTC so why come out?

If Satoshi reveals himself too, there happens a confusion and people hesitate to accept the particular person as Satoshi, because none were sure of his identity. Also this surely makes some impact on the price of bitcoin and on its rise.

If some one is trying to imitate satoshi nakamoto please dont do it. You are trying to put your life indanger . You can be killed, Arrested ,kidnapped or anything else bad. Satoshi nakamoto hides himself to become safe. Its better to hide his identity than to be exposed

No one will believe you anyway

It is in fact very easy to prove your identity if you claim to be Satoshi Nakamoto. Just sign a message on the blockchain with one of your keys, and we will see if you actually control one of the addresses associated with Satoshi. Unless you do you this (which you can't if you are not authentic Satoshi), you will be treated as an impostor. Though that could be detrimental to your health on its own

Effects could be very diversified :

These are the sure things I think will happen :

• Mass coverage by medias : Considering how closely are monitored Satoshi's bitcoins, the day they are moved, you can be sure that all the TV channels of the world will be covering it. I understand them, because there is a lot to say about, and so it will be interesting in term of market shares.
• Bitcoin price fall : For the same reason than the above reflexion, seeing that Satoshi has moved its bitcoins will create a panic as never seen. Imagine what could be said. People could say that Satoshi is back, but his bitcoins too. Those bitcoins that were never put on the market could from a second to another being put to sell on an exchange, and considering how big his stack is, the fall will be hard.

Possible effects :

• Great surge of veneration : effect would be basically the same as if Michael Jackson was found still living. People from all over the world, including economists, politicians, money rulers, journalists and of course average joes like us. I would do it if I could. Imagine that who you have been venerating for years and that you thought to be dead was finally found living. What would you do but trying to get in contact with him ?
• He would be the target of greedy people wanting to acquire its bitcoins : I don't know how much bitcoins actually does possess Satoshi, but with just one million of bitcoins, he would be the proud owner of a fortune worth close to one billion dollars at actual rate, so of course people trying to kidnap him would be something common, if he's not simply killed.

Just my thought of the day !

That wouldn't weaken bitcoin.
It might actually strengthen it because then it would have a spokesperson on it's positives that it can do for humanity as a whole instead of the opposite that it has befallen it  with all the bad press that it's gotten in the past when it was first introduced.

I don't think he will reveal himself. Different from many people here who think he will get arrested or pay a nice cut in taxes I think he will be persecuted and tortured to hack bitcoin or show flaws on it.

That's why I am sure 101% he will not reveal himself as revealing himself means destroying his own creation. I think Satoshi is much but much much smarter than that.

The price fall is not a given

Unless he actually starts wildly selling his bitcoins (and he has somewhere around 980,000 of them, just in case), the effect might be quite opposite, i.e. price might actually surge on the euphoria that peeps might feel when they find out that he is still alive and kicking. Or it may rise when he decides that he is going to become a benevolent dictator (like Linus Torvalds of Linux fame) and direct the development of Bitcoin from now on


With all his wealth, he could just hire a couple of gorilla-sized bodyguards, and that would solve most of possible problems

https://i.imgur.com/qg8cDDB.gif

Bill Gates is by far wealthier than him, but how often do you see him closely surrounded by bodyguards?

You think they would punish him if he did reveal himself?
Maybe he saw that coming and that's why he went into hiding in the first place.
He is a smart man and usually they have the right instincts and trust them.
Thus never revealing his true identity to be thrown in jail or worst in other countries.

If satoshi reveals himself, I think bitcoin will gain great exposure,  Bitcoin will be the news in almost every news site in the internet.  Aside from that, having gain alot of exposure, people will then try to get in bitcoin and buy demand will be boost.  Probably there will be a temporary bubble because of sudden influx of people to bitcoin.

I completely agree with you on the exposure is going to have on bitcoin because most of these news outlet will want to have exclusive right to him, just see the noise that Craig Wright generate on its own and is  a fake Satoshi.

To me I think Bitcoin will gain most from him making decision and head the project to the right path, there are alot of political undertone now and it is affecting Bitcoin progress.

I don't think so, may be if satoshi reveals himself it will make some buzz for some days or weeks in news and so, but it will not make great exposure to Bitcoin itself, because people interest more about the Bitcoin as different currency with a lot of valuable features, regardless his creator

I think satoshi nakamotp reaveling her self will never happen.He know what he did,the power of the coin it must be a risk in his life if he came out.It id better to manage bitcoin on shadows just like what he is doing from the beginning of time

I do believe if Nakamoto shows off, if he is alive, the only place he would go, would be prison, since the most countries consider bitcoin as ilegal, and getting the creator would allow them to close bitcoin, or to make a huge attack at bitcoin, besides the government try to control all the coins he get and make an auction as they had done in the past.

That would likely will happen to Satoshi, a possible lawsuit? But on the other side,he has many supporters already. His creations benefits millions of people and also he created a virtual economy where online entrepreneur find opportunity and earning from it. I will regard him as a game changer,genius and a hero.

Nothing good, look at ethereum... its total mess because creator is live, known and making decision like dicatator :/.
I don't want to satoshi reveal himself EVER for the good of bitcoin.

Exactly true. Todays world is too dangerous that even he benefited lots of bitcoin user for good some will put him down even he didnt do anything wrong because he have skills, higher people or government might use his invention to manipulate him or bitcoin users. So let us enjoy what he did for us btc users and thanks him silently for his created technology.

Satoshi would not really intend to show up himself on public and as you said he already knew on whats happening on its project and he sees that it would really be a threat to his life if he would go out because we all know that some governments would really sue him. We should really be thankful on the creation of satoshi even we dont know his actual presence but his project would represent him.

The government of Switzerland seems to be quite loyal to Bitcoin right now (though they could change their mind, of course). So before revealing himself (if he ever decides to show up), Satoshi could travel to that country and buy its citizenship. It costs around $200,000 (if I'm not mistaken), and with all his wealth that shouldn't be too expensive for him. But given his name, fame and influence, they might just grant the Swiss citizenship to him without asking anything in return...

He would be in safety there

I agree with you, but we're not in the same case, so here comes the difference in our visions. I had the contradictory vision that in that argument he would simply move its bitcoins without revealing himself on TV shows and in the case of veneration he would have. You're taking the option that he would. That's sure that if he comes and reveals himself to the world, people might sense that Bitcoin leaderless boat has now finally found back a chief to lead it. But if that's just a blind move, people could considering many things, including that he has been killed and someone seized its bitcoins and that they might been dumped at any moment.

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Yes he might, and that would probably solve any kind of kidnapping, but that doesn't exclude the possibility to be killed a la Kennedy, even if that's surely an abuse of polician series that make me think that :P. However, given how he seems a discrete person, he would not like being so closely followed by guards, but that's just my opinion on its personnality.

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Bill Gates has an instutional fortune. I mean he doesn't have its wealth kept in let's say a safe or in masterpieces paintings. Kidnapping him would be pretty useless, as you might get a bounty for the release, but you'll probably get caught, while if you discretely kidnapp someone, you can them just ask him to open the safe and just take the gold bars. Here the safe is the metaphor of its Bitcoin wallet, and gold bars of its bitcoins.

I don't think that it wold affect Bitcoin that much. If he ever did come out, it's not like the price would suddenly just drop because of that. That is unless people start to trade a lot more when he reveals himself, which is not very likely.

That is very true. He could get jailed if he is in a country like Bangladesh where there are very strict regulations against the use of Bitcoin. Although I doubt a technological genius like Satoshi would be in Bangladesh, no offence intended.

I see what you mean (to be honest, I fully anticipated such reply), but whoever might kidnap him wouldn't necessarily require the whole Microsoft be sold. They would most likely ask for a ransom which would be quite possible for his family to raise without threatening their overall financial stability (though it doesn't make sense to ask too little, either). I don't know how much he has in cash, but he certainly has a lot of liquid assets such as stocks or bonds, which could be sold pretty fast. Anyway, he is sitting on a huge pile of Microsoft shares (223 million shares, to be (http://www.investopedia.com/articles/investing/122215/top-4-microsoft-shareholders.asp) precise)...

It has been speculated as well that Gates was greatly interested in buying stock of silver miners recently

I think there is no effect if satoshi naka moto come out the price of bitcoin is always depends in demand and supply also it is in our hand if bitcoin will adopted it more in the future satoshi is just maintaining bitcoin to live long not to give more stores to accept bitcoin.

Also i think satoshi can be in danger if they will know by some terorist. that is why he is just hiding..

it is effective and it has already been proven that it is going to be effective when that impostor called Craig Wright tried to fool people into believing he is satoshi and he is going to move funds from his wallets, there were some small changes in price.
but even if satoshi were revealed the effects are going to be temporary.

There are a lot of multimillionaires out there with real money on hand or something that can be quickly converted to money (and not some bizarre bitcoins) to justify kidnapping them by someone looking for ransom. There are also a lot of famous people popular enough to explain attacking them by someone else longing for Herostratic fame of sorts (if that was your point)...

So I don't think that Satoshi would be particularly interesting to any of these types

We never know about satoshis mystery. We don't happen the satoshis reveal because  Bitcoin is familiar of us and because of that bitcoin also use by online job because of its famousity.

I dont see how is appearance would have any influence on Bitcoin. Maybe it could jack up the price a little bit but the real effect is if he is coming out to actually say "guys I have scammed you all this while" aside that nothing on the long run and the reason why I maintain that position is that, looking at Bitcoin itself, it has grown so big even beyond the dream of Satoshi himself and other people millions have bought into the dream even governments are getting interested, banks are adopting the technology, discussions are going on and many more developments...

Why will they put him in Jail? they should honor him for giving us this technology,in my opinion Bitcoin is the next big invention after the internet,The price of Bitcoin will spike up,since he is the creator we will have first hand information about how and why he created bitcoin and he can do additional innovation on it.

And people are watching with monkeys listening


I thought about that and came to a conclusion that moving his bitcoins without revealing himself is impossible unless he moves them between his own wallets. Say, he wanted to sell some part of his bitcoins. But how could he do that without revealing himself? He would necessarily have to reveal a lot of personal info about himself which would basically mean him revealing himself. He might register with some exchange through a Tor browser, sell a few bitcoins, and what's next? He would have to withdraw fiat, but that would be impossible without a bank account or a plastic card...

And after that his identity can be firmly established by the trace of the money


Without grasping his bitcoins first, shooting him makes no sense since he is not a politician. But after grasping his coins, shooting him makes even less sense

and will you believe that he is the real satoshi nakamoto? i think you've forgotten to include this question by the way I don't think that there will be an effect on bitcoin if ever he showed up to the public so of course bitcoin will still be the same and also why do the governments have to put him in jail i don't see any thing wrong with his creation he never bombed a country with bitcoin ;D he just wanted people to escape the traditional bank system and as well as the taxes ;D

I wish that he remain anonymous. If he reveals his identity, then he is likely to face all sort of legal issues, including charges that he is aiding drug smuggling and arms trafficking. What happened to Ross Ulbricht can happen to him as well. He will be jailed for the rest of his life, and all of his coins will be seized and auctioned by the FBI.

Nobody would ever believe he is the real Satoshi Nakamoto.  If he hasn't come forward now. he is not going to.

agreed to you even satoshi reveal himself he would face alot of problems and bitcoin price will even still remain where it is now.

Not true at all. It is old misconception about bitcoin. A total misunderstanding of how Bitcoin works that you can find it even in bitcoin research papers!

In fact: "researchers found that 64% of all bitcoins are stored in non-reused addresses and interpreted this as 64% of coins have never moved."

Source: https://www.reddit.com/r/Bitcoin/comments/2uag65/have_you_heard_the_fact_that_64_of_all_bitcoins/ (https://www.reddit.com/r/Bitcoin/comments/2uag65/have_you_heard_the_fact_that_64_of_all_bitcoins/)

So, what that's saying essentially is that there is a high likelihood something like 64% of Bitcoin passes through online wallets or exchanges?

Something like that would make sense, since most of the time addresses aren't re-used for those sites for outgoing transactions as they are for incoming ones.

Sounds like a somewhat shody investigation job, however that's a good article you posted.

The real satoshi could easily prove he's the one. He could for instance log into his forum profile (https://bitcointalk.org/index.php?action=profile;u=3), but I think you're right, he's not going to reveal himself. Maybe 50 years from now, someone buys a house and finds a drive with Satoshi's original walled stored in the wall and we'll find out who he was and where he lived.

Why would there be a price drop? Bitcoin can go on with or without him because the miners and holders are the one who runs it now..

But it will be a big help to the community especially in this forum because he can now answer some pressing question that the bitcoin community are looking for an answers.

I think that the presence of satoshi that is needed to sustain the bitcoin ecosystem has always been overrated - in fact satoshi is not here anymore to support us, and still bitcoin is working fine, except for a few debates here and there.

But if he was to reveal himself, it is likely that he will be prosecuted by the government, but bitcoin prices would still probably rise since there will be a hype around it.

Well, if satoshi introduced himself, may balance has been maintained during this time will collapse, and will make the development of bitcoin's value has increased. the government will not stand by to see that happen, satoshi might be working for the government if he introduces himself

Why bitcoin will collapse is Satoshi reveals himself ? Do you think he will start selling his hoarding ? I could not find the any solid reason for this.

But I am too sure, if Satoshi reveals himself, governments will prefer to work with him for a better payment system for their country. But why not they start thinking about adopting bitcoin payment system now itself?

That remains to be seen (as to the effect of these "few debates here and there")

We see that the Bitcoin developers are heavily intriguing against each other, very much like what happens in real life when employees are on a loose leash. If I remember correctly,  something like that was going to happen a few years (or maybe over a decade) ago among the Linux kernel developers, but it didn't get any progress altogether since Linus made it pretty clear that he won't tolerate developers fighting with each other. That's was Bitcoin lacks, namely, a proper management of the core developers and their activities

Hail mother Mary what in the heavens is this  ;D The man behind the name Satoshi already appeared once in the name of Craig but no one was willing to accept the fact that he is truly the one who invented the bitcoin. Now he doesn't care to reveal the rest of the facts because everyone wanted to humiliate his character ,bunch of noobs, and it is a fact that no one will accept even if anyone is going to provide any proof unless and until the first mined coins are moved  :D

If satoshi reveals himself sources say that he would get beaten up very badly or he could land up to be the most important person in the whole world .kudoos :)

This is really more interesting if satoshi will reveal himself.
Many bitcoin users will bump on him on whats the secret
of this bitcoin. Thus, this is really keeps me curious about
satoshi until he reveal himself. Because i have so many
questions whats on bitcoin from the start.

I personally don't feel that Satoshi is a single person .. ; Might be a team of genius :)

I believe it will cause some volatility in short-term but will not influence bitcoin in general.

The main idea is that concept is living without its creator..

I also thought that Nakamoto is a group or a company. But even if they reveal themselves or himself what will be the basis or how can he prove that he is nakamoto. With so many developers copying bitcoin there are many people who can claim that they are nakamoto. But even though nakamoto reveal himself bitcoin will still bitcoin, nakamoto doesnt need to reveal himself his contributions by making bitcoin is enough.

It would likely depend as to who  he is and if he has previous records in the government if any wrong doing or what not. I am sure many will try to get hold of him as he is someone who created  an innovative technology that affects the flow of money in the country. If things happen, well it is pretty amazing lols even more interesting  ;D

He would definitely dont intend to reveal himself and he want to be anonymous forever i suppose just like on his invention and if he intends to come out his security or life would be in danger for sure since there are governments will sue him regarding on his invention.

if satoshi nakamoto himself, when talking about prices? i think not affect the price of bitcoin. What satoshi committed a crime? what he did?.

Bitcoin will still bitcoin, I love it!  ;D
http://littlefun.org/uploads/51f81787c85611296200000a_736.jpg

I don't think that the revealing of Satoshi Nakamato will have a very big impact on bitcoin. And governments to put him to jail? Let's be serious... In the best case they would ask Satoshi to work with them as you don't find a genius like him(or her,who knows??) on every road.

That's where things might go from bad to worse

So, what if he outright declines their proposal? If he is a committed crypto-anarchist, which he might well be given the nature of his creation, he won't give up his views so easily. Are they going to make him an offer then that he can't refuse? This doesn't look like a matter which he is willing to get involved with, so better stay safe than sorry and remain anonymous

Yeah that would definitely happen for sure. Considering how many buzzes there has been around to find who the real Satoshi is, I think that it is best if things stay as they are. Revealing Bitcoin's creator, may cause chaos and perhaps a change of perspective in the interest of Bitcoin from many people worldwide. Therefore, it is best to state that "We are all Satoshi Nakamoto". Just my opinion. :)

I don't see Satoshi working with any governments. If he was inclined to work with them, he could have done so before creating Bitcoin. He would have to cede power to the governments and from his behavior until now, we know that he would hate doing that.

Satoshi should remain anonymous as his mystery is what makes bitcoin so successful now, we are not interested anyway to know the real bitcoin as we are already convince that the system he invented is very transparent and revolutionary enough to help us transaction online easily.

If you think that bitcoin is successful only because Satoshi was so good at keeping his identity a secret you are being extremely romantic about it.
I think this caused more harm than good, IIRC even Theymos said that it would be better if Satoshi's coins were destroyed.
Bitcoin is revolutionary and the biggest invention of 21th century so far. Bitcoin network is transparent - bitcoin inception is not.

i am thinking the same because when the project is began, its need some people to do work together and they make a communicate and make a group that might be called satoshi and one person represent that he is satoshi that the leader of the community developer behind bitcoin. but i don't know exactly and i just guessing with my mind.

bitcoin can grow up famous or conversely from now ..
if satoshi can persuade goverment that bitcoin is good things maybe bitcoin can grow up from now

That's exactly my thought, especially because coding Bitcoin alone is too hard for one person to sustain and if it's just one person.... Then he should be an extremely genius person. I guess coding Bitcoin means hundreds of thousands of lines to be written and a lot of bugs to be fixed. It's got just one version that will probably never be updated except if a new coin would be out, created by him again, and there are absolutely no bugs which is... I don't know, it looks impossible! I have never seen any coded app, game or system that has 0 bugs and glitches in it! Just awesome.

I have heared some rumors that Satoshi would own about one million bitcoins.
If he revealed himself, he might also want fo finally cash out his coins.
That additional million on the market could really give bitcoin a hit from where it would take time to recover again.
Hopefully he's not planing such a thing...

I don't get why people keep talking about satoshi, he will not come and reveal that he is real person behind the bitcoin. Many cruel people out there who can put him into the jail, even government and banks are very angry on him. They will keep start pressuring him to stop bitcoin and government will try to convince him to close bitcoin.

Now people are very free to do trading and many big loses to the big investors who invested more money into bitcoin. It's better satoshi should show his face to the public. Once he comes out and show his face to public means definitely with in days bitcoin will close.

Maybe it will make many news

Well if you code an app that only displays "Hello world", then there's 99% chance that there's no bugs or glitch in it. I think the larger and the more uses an app has, the more it's likely to have a hidden bug or glitch.

Satoshi, regardless if he's a name of a team or just one person, didn't write all of these codes overnight. He needed a lot of time to make all of these. To open up a new world, to implement his own concept. It's even possible that Satoshi have thought of this decentralized network when he was still young and then studied to master programming to realize his idea.

I've thought so too. Due to the robustness of Bitcoin's system, it would've taken several days or even months to get it accomplished by a single person. That is why it kept me thinking of whenever Satoshi would've been a group of people, instead of a single person. Still, it could exist the possibility of it being designed by a single person, but again it, would take quite a long time before getting it done.

Nevertheless, the most important thing is who Satoshi is, but what he really made. He made a revolutionary technology that will change our lives for the better, giving us the opportunity to get control of our own money, instead of leaving it into the hands of greedy bankers, or middlemen. Just my opinion.  ;D

I'd rather have his identity a mystery. I don't know all the technicalities of bitcoin but one thing's for certain... it challenged fiat. Who knows what they'd do to him if his identity is revealed. There might be troubles waiting for him.

My view is that Satoshi was John Forbes Nash, and is now dead.

It was a very smart move by Satoshi to go under after giving the world the revolutionary bitcoin and blockchain technology. Other than that, you and I would not have been here discussing bitcoin, because the authorities would have killed and buried everything that represents bitcoin. A closer look at history points to the fact that governments over the years, fought battles unending to capture or retain power.

It is not like the battles are over and done with yet, the true situation of things, is that battles have been repackaged and rebranded, but Satoshi's invention is a spoiler to all that and they are not pretending to be happy with him as till this moment, they are still hunting for him.

If he reveals himself with enough proof to convince us, he would probably get assassinated by enemies who do not want Bitcoin in this world. For example, the Governments would do anything possible to get rid of him and his successful project. It's too risky to reveal yourself in this situation.

Satoshi did reveal himself as Dr. Wright and nothing happened except mass treason by all the supposed Bitcoin loyalists cause Wright wasn't exactly like the mortal god they worshipped.

You monkeys should be asking the real important question like:  What if Dr. Wright gets fed up with you trolls and all the infighting and decides to dump his million Bitcoins and move all that money to an alt [along with 400+ Bitcoin/Blockchain patents]?

That's the biggest danger to Bitcoin which you all seem to miss while busy mocking Satoshi.   

I guess you're right. To help protect the future of Bitcoin and blockchain technology, it is best for Satoshi to remain a mystery as governments would want to force him to take down his creation, or even persue him for jail.

In the end, I think the reason that Bitcoin is one of the most valuable cryptocurrencies out there is because its creator is unknown, and the coin itself has managed to survive 7 years since its inception challenging major banks, and our well known fiat system controlled by governments.

Nevertheless, with Bitcoin, we are able to take control of our money, without no middlemen, or banks in the way to take your funds. It is the most important thing Satoshi created and it is changing the world at a fast pace. Just sharing my thoughts.  :)

Miners and coders and payment processors aren't middle men?  What about regulators who make all the rules?

It's nearly 2017 and everyone is still asleep back in 2011. 

That Dr. Wright has yet to prove that he is a genuine and authentic Satoshi first, then we would discuss the implications of that. Apart from just claiming to be the real Satoshi of Bitcoin fame, so far he did nothing to prove that claim. He didn't provide any cryptographic proof that he is the creator of Bitcoin. Ironically, after a few Bitcoin developers and security researchers came out stating that Craig Wright was no more than an impostor looking for publicity, Wright himself refused to present any further evidence that he is really the creator of bitcoin despite his earlier promises to provide real proofs. So we are all waiting when he is actually going to dump his million of bitcoins...

Because talk is cheap, show us the money


Even if all this money enters the market, it won't change a thing in the long run. In fact, it might be a good thing if his stash is gone after all

Well it could be seen that way, where payment processors like Coinbase can take control of your Bitcoins at any moment. Regulations from governments, would limit cryptocurrencies like Bitcoin to grow, eventually turning them into any ordinary payment system. As for coders and miners, they could make decisions that would affect Bitcoin in terms of scalability, and other important factors. As this would require consensus from a great majority, the Bitcoin protocol may be subject to change whenever they like.

Nevertheless, I'm glad to see that Satoshi's invention has paved the way towards innovation all around the world, from finance to healthcare and many other areas of interest.  ;D

After reading this thread, I felt compelled to write an article with my take on who the real Satoshi Nakamoto might be.

According to Greek mythology, humankind did not know to use fire until a titan by the name of Prometheus brought it down from Mount Olympus. For this, he earned the gratitude of the humans but was brutally punished by the Gods.

It’s unclear if Satoshi Nakamoto, the modern day Prometheus who introduced humankind to Bitcoins, has suffered a similar fate. No one knows what led Satoshi to create Bitcoin, whether Satoshi is a man or a woman, what race or religious background Satoshi possesses, or even if he or she really goes by the name “Satoshi Nakamoto”. Perhaps Satoshi Nakamoto isn’t a single individual, but an alter ego adopted by a collective, calling themselves “Satoshi” the way others might say “I am Spartacus”...


I won't post the entire article here, for fear of spamming, so if you're interested, please take a look here: http://blog.wetrust.io/the-real-satoshi-nakamoto/

would love to hear your feedback  :)

If he reveals himself he in the first place denounces those who are trying to harm bitcoin, those puny two-faced hypocrites Roger Ver and Gavin Andresen. He will show people that unlimited is just a fork with crucial flaws made by unskilled newbies in coding whereas Core is the best team in the field    ;)

I don't think Satoshi will ever reveal himself willingly, there must be a reason why he went into hiding immediately when he created bitcoin, probably the reason is that he fears prosecution for creating such a tool.

hey georgebtalk, thank you for spending the time and writing that overview of who Satoshi might be, I learned quite a bit from it :)

No one forces you to use Coinbase after all

People use web wallets primarily because the transaction fees are paid by wallets for them, that is their killing feature, so to speak. Besides simplicity of use and better security overall when compared to what an average Joe can provide himself, of course. But then again, if the government regulations would restrict your use of Bitcoin in such a way that further use of these wallets makes no sense (e.g. through levying heavy taxes on transactions which will turn off the effect of free of charge transactions), you can always back off to transacting directly any time

Analogically, bitcoin has come to be like a building situated on a rock having a firm foundation. Hence Satoshi revealing himself will have little or no effect on the behaviour of bitcoin.

Because what we love is the system and not the creator of bitcoin. Bitcoin will continue to exist even without knowing it's creator so the creator is not  the big issue, it's always good this way I guess.

satoshi aka nash is already passed... will never reveal himself. Who else would have known about secp256r1 vs secpk256k1 in hindsight? noone but him.

I only use Coinbase for convenience, being able to buy and sell BTC directly from my bank account within my device, anytime and anywhere.

Still, the most secure option would be a BTC wallet software like Bitcoin Core to store my BTC without having the fear of losing them when using an online service like the one mentioned above.

Especially now, since the IRS is pushing Coinbase to give out information of its customers to the goverment for taxation purposes. While I'm not against taxation, I'm concerned of the privacy issues that this would get since after all BTC aims to be a payment system without the use of any identity at all.

Perhaps someday, Coinbase would adopt XMR or ZEC for privacy centric transactions. Just my thoughts.  ;D

Horseshit!

I also don't believe John Nash was satoshi. I mean sure, guy was really bright, but he was too old to code, I think he wasn't that good with computers, so how would he code the entire thing by himself? It's ridiculous.

I still think satoshi is someone that is currenctly working within the core dev, probably adam back, or even gmaxwell (which may have delayed his official appearance in the community to make it seem like a different person). We will never know I guess.

What makes you think Satoshi is working on the core team?  I mean, there aren't that many there to analyze, how hard would it be to find Satoshi if he were a core member?  Not very hard. 

Also, Satoshi is the crown jewel of crypto, he's the biggest most well hidden secret, assuming he's still alive, you really think that he would work with so many individuals?  What are the odds that many people could keep a secret for nearly a decade? 

If Satoshi is on the core team then nobody knows it, except for maybe one or two other people.  And what are the odds of that? 

Dr. Wright is still the best fit so far.

haha

at the time i had my suspicions  about him actually being Satoshi but by passing of time and the things that i saw from him i became sure there is no way he is Satoshi or even had any kind of affiliation with bitcoin apart from investing in it.
- incapable of presenting a valid signature
- presenting a fake signature as proof of identity.
- his debt and shady history
- the fact that he claimed he will move some coins to prove identity, he never did and there was no need for moving anything when bitcoin has a sign message feature!

If he moved Satoshi's 1 million Bitcoins would that make you happy?  :)

I always suspected that though he never moved his early coins he did keep mining off that pattern and now lives a decent life.

If he were to come back I suspect not a huge amount of change,

(1) coding decisions would have a strong central voice, even if he disavowed the role.
(2) we'd find out more about how far bitcoin has diverged from his vision.
(3) the market would be odd, with the price either going up as the creator comes home or fear due to his coins being sold driving it down.

You know nash had been working on the problem for decades? Also you know satoshi wasnt the coder most likely but the designer? 2 very different things. The design very much aligns with the work of nash.

He would definitely be jumping up and down after Satoshi's coins have been moved, claiming that he moved them.
He has a claim to fame - he might not have invented Bitcoin, but he definitely managed to fool some journalists of BBC and the Economist.

good thing, real life is not based on ifs and buts and empty promises :D

I think If Satoshi reveals himself, their will be no changes to bitcoin, except he start selling his Bitcoins (1 Million bitcoins) that will just
make bitcoin have no value, it will shut from current price 900$ to .9$ so I think its a good point for Bitcoin that Satoshi is now hidden in some where  ;D

I think the price would see a change if satoshi revealed itself... it's a big psychological factor. It may not mean anything by itself, but it opens the possibility of him selling. Right now everyone has assumed that he is just dead, but if he proved he is alive, the doubt of his coins being locked forever would end, and the possibility of a selloff could happen.

This could really happen since satoshi have only the way on how to retrieve those lost coins on entire bitcoin blockchain network.Yes,it really give big psychological factor to public and these would surely lead in two possible scenarios on which people would not too much react on it or they would change their mind if satoshi will come out and reveal himself but i think this thing wouldnt really happen.

first of all the 1 million is a complete estimate and it may actually be a lot less than that. also you do realize that since 2008 there have been 15.01 million more bitcoins mined making it a total of 16.01 million. in other words even 1 million BTC is 1/16th of the total number of coins currently available.

i am not denying the effect that a possible movement of those coins may have but it certainly wound't kill bitcoin by making its price drop 99.9% (based on prices you said)

though there's ever more early miners coming out of the woodwork it was effectively only him for quite a long time. if you were the only miner back then you'd be getting 7200 coins a day. that's one million coins in only 138 days and he certainly carried on for longer than that. i wonder how many people came on board in the early months of 2009. not very many.

That's correct. so He will never reveal himself if he is living in this digital world because with this price and the bitcoin amount he has got. Yes, Bitcoin will return back 10$ or 50$ and maybe bitcoin will become unvaluable.

If satoshi reveals himself, he might face huge problems. Some countries would even file complaint against him for creating bitcoin and challenging their fiat currencies. That is why he hide himself.

Realistically do you think Satoshi is that much of an idiot that he'd just dump his coins? I'd think the founder of bitcoin had a brain to not crash the market but I guess you think otherwise.

What if he hates what's happening with Bitcoin and wants out to start or join an alt-coin? 

I do indeed. Satoshi posts in the yobit trollbox. He said there he's waiting for the right moment. All 1 million are in his yobit account and they're all going on sale at once '4 da fekkin' lulz' to quote him directly.

In fact it's more than 1 million now because he did the Gox hack and runs all the piece of shit ICOs on here too. He trolled the planet.

Again, that's fine and dandy but I can't see someone throwing away financial interest for something as petty as that. Satoshi has enough influence that simply stating his opinion on the matter would impact the future of Bitcoin greatly.

this is a discussion that has been going on ever since price started to go to ~$20 and has been going on for years, and no matter how much you argue, there is no conclusion to it because bitcoin has a certain level of anonymity and we don't know how many were mining bitcoin from the start (for example Hal Finney was one of them)

follow up here: https://bitcointalk.org/index.php?topic=37333.0

p.s. in the end bitcoin is still bitcoin

And Bitcoin still can't scale or innovate (i.e. Segwit). 

But I'm sure Satoshi don't mind. 

perhaps, if satoshi introduced himself, bitcoin is still the same as this. however, it will make satoshi become more famous, and probably will be the target of several organizations. Well, maybe he could add to the number of bitcoin easily, and most likely, his life may be very inconvenient because it will be a lot of fans of bitcoin will look for it.

You'll see Satoshi reveal himself when he starts to sell his massive million coin premine.

That's EXACTLY my feeling too.  And I think it's really close. 

He must be tired of watching the circus.

IMHO some things should remain a mystery
Satoshi legend is one of them
also I don't think it will ever happen,most likely Satoshi is a group of people (same as Shakespeare and many others)
that emerge every now and then to introduce some groundbreaking cultural or technical inventions and to move the progress forward
as for the effects of him(them?) revealing himself I can see only negatives: possible huge masses of coins move,possible hardforks,stories about  bitcoin ties with the goverments or agencies
it will not do much for the adoption or popularisation
but it is only my IMHO and we may never know....

Yeah, I think that one of the reasons that satoshi created bitcoin in the first place is that he wanted to protect the privacy of the users by adding a feature of anonymity. I'd say that he definitely wants to stay anonymous forever, otherwise he would have revealed himself earlier.

My opinion on the subject is just leave him alone.

If satoshi does reveal himself, something that has a very low probability of happening, then there will be a lot of media hype and possibly bitcoin price will go up.

Probably. But if he doesn't have access to those funds anymore, due to the loss of the corresponding private key, then he may not be able to dump the BTC.

Still, it would be best if Satoshi remains hidden, as revealing himself would have a very negative effect for Bitcoin in both price and user interest. Perhaps one of the things that gave Bitcoin's value is the unknown identity of its creator.

Nevertheless, it would be quite interesting to see what happens at some point in the future, when Satoshi gets revealed. Maybe he's dead or maybe not.  ::)

But its going to be a hell for btc users because the value will crash.  IF he leaves in Japan, the Japanese government will like him. keep the news only to them and they will cash out 1million btc and will let him pay for his taxes that is what will happen. Satoshi loves sushi!

Basically no one knows about who was Satoshi Nakamoto. rather he was a person or community.

Second important thing is bitcoin was past experiment done by some genius before Satoshi Nakamoto fix bug of double spend. After fixing bug of double spend this experiment run within network by publishing whitepapers in 2008.

And if Satoshi Nakamoto reveals himself I dont thing anything happen strangely, because already Bitcoin have become decentralized, As well as many non profit organization are working for making bitcoin far better with improving blockchain possibilities.

same as above we do not know who is Satpshi Nakamato is he a individual person or company or community. If he is a individual than he is going to be  a celebrity in short time in whole world. If it is a company than it will be know in whole world and can do good business in technology market.   

Its simple hes not alive

That is certainly true. Bitcoin has managed to grow in development and user interest over the years, even though it has been abandoned by its original creator. It is best that Satoshi stays a mystery as it is one of the things that has given value to Bitcoin, as well as decentralization itself. Revealing the original creator of the premier cryptocurrency, might be a huge issue for blockchain and cryptocurrency tech affecting its progress.

Nevertheless, the most important thing is not who or whom Satoshi was, but the community behind Bitcoin supporting it in the long term. Just my opinion.  ;D

Impossible Nothing makes a difference for Bitcoin although Satoshi reveals himself And everyone is looking out for the best outcome for himself. and I am proud as a hero Bitcoin looked at everyone
Satoshi is a great name for Bitcoin users

Maybe so. I think that the day when the real Satoshi reveals himself, it would be huge for Bitcoin and would probably get more attention from mainstream media and everyday people. However, if the real Satoshi comes up and dumps his Bitcoin from his genesis address, then it may cause its value to decline massively. I don't think that Satoshi might do that, but there could exist a possibility and we should be prepared to secure our funds in case this happens.

Nevertheless, Bitcoin is doing fine even if its original creator's identity has not been revealed. Just sharing my thoughts.  ;D

I don't think that revealing himself would be a good idea; instead it'd put him in danger of kidnapping, threats, jail, etc...
And I think it wouldn't affect bitcoin, atleast not too much. It's anonymous after all, and everyone simply cares for their profit.

As quoted nevertheless the identity of the originator bitcoin is fine as well the growth is enormous. If Satoshi 's identity has got revealed sure bitcoin could have not reached such high. Because the innovator sure tries to keep hold of the power.

If satoshi will reveals himself then it will be a good one for bitcoin because people will be more comfortable in bitcoin because they will know who is behind to this bitcoin and investors will be feel safer than before because there is transparency on their investment. A lot of good things might happen and it might affect the price also.

I think there is no reason for any government to put him in jail in the first place. Also I don't think if Satoshi reveals himself it will affect the price of Bitcoin in any way directly. But indirectly it might affect the price if there will be a lot of news about him around and thus more people will know about Bitcoin and more people will start using it. Then the price of BTC will rise.

Satoshi is just a man just like you and me he can do the same mistake like we do and I think that if the whole world would definitely know who he really are there are some that could just simply report him to the government and some that will surely be thankful because of what he has done, or rather accomplish, there would be two sides of the coin that could get him to bad or good.

We have just problems if Satoshis reveals, as most countris conside it ilegal, and not supporting, jail should be the place that would waiting him at this moment. Besides those huge problem some people would left if they see the creator is a bad person or some crazy person, the media would attack him too deeply, besides the fact that someone would get interested into their coins instant.

The same moment Satoshi uploaded the source code in to sourceforge and github he literally washed his hands of any claims and left after a while because open source community is basically donation to the public, he donated an experimental software and from there it's really up to the people how to use it, however if he could stay active while hidden many of issues we face today would've been resolved much faster and with a better faith.

For example what would be of America if their founding fathers were alive today? I bet they'd be already assassinated by extremists.

and also don't forget about the licensing that bitcoin uses, it is open source and the license gives up ownership.
and besides i don't get why people these days think Satoshi is some kind of god and his word is the final word! he is just a good developer if he is only one person and not a group of developers in 2008.

And since the value of bitcoin is still big so Satoshi did not reveal himself, but then like others speculation
he might be dead and so his coin remain on it so the value is still high.

satoshi is the man behind bitcoin. when satoshi introduced himself, I am sure, many people who would invest in him, and try to be familiar with it for future cooperation. I think, will be very many people who try to take advantage of this opportunity, and maybe the world will be on view bitcoin high.

It is a reasonable thing and everyone will certainly get it when someone becomes a valuable or contribute well to them from a variety of fields. But I think that if satoshi introduced himself, then it's not that I worry about. Because the bitcoin is a digital currency that should always have a renewal in order to get something better and provide a better value than other digital currencies. In other words, satoshi nakamoto will be less and less in the Affairs of the family or istirahatnya time. For he will surely always thinking of something new and also always work to create a good and favorable fixed bitcoin for all

Well Satoshi's anonymity has mystified Bitcoin and I think that has contributed positively to people's crave for more information about this cryptocurrency and the blockchain technology. Should he decide to reveal his identity today I believe there could be some consequences for both Bitcoin and himself: first I think the governments might pursue him to declare him s intentions for this technology and then eliminate him afterwards and secondly there will be a major boost for Bitcoin in terms of popularity and price especially if the governments succeed in eliminating him.

these are all speculation and no one know the reality about satoshi, that who was he or she and from where she belong etc. i think he will never like to reveal himself and i think he will be doing that for security reason.

If Satoshi reveals himself, I would be more worried for him instead to think what would be of Bitcoin. He could become a public ennemy #1 for some people and in no time

Exactly it will be too risky for his life even though Bitcoin might benefit from his presence because a lot of interest and attention will be focused on Bitcoin if he shows up.

Satoshis return could be received with mixed feelings... Banks would want to you his expertise to use the blockchain tech in the banking sector and other industries, his critics would want him to prove his the real Nakomoto, maybe bitcoin could get a much bigger following with his return as the founder!

Satoshi is Nick Sabo. To the idea he was going almost 20 years since the early 90s. On international forums, this version sucked to the bone, heaps of direct and indirect evidence. Read, but to fantasize about aliens and the future do not drop, creativity is always good ;)

I thinkwe will not see never any proves about who is Satoshi. At cryptocurrencies, where the creator is known, or simply hiding behind a pseudonym, but continues to develop, there is always the credibility of the developer in some form. I'm sure he destroyed the keys, destroyed all passwords to the accounts and all sorts of the ability ever to prove that he is Satoshi. In addition, this is just common sense, if you want to stay alive after this creation.

it doesn't makes any sense to take away satoshi to jail once he reveal himself. some institutions even propose him to receive a nobel prize in economics , really he deserve for that, how could you say so bad like that? seems like you are talking baseless full of speculation. bitcoin have done a lot of wonderful and helpful things in world economy and finance , nothing bad behind.

We really need him, community needs him badly, there is no need for him to show his face and become a showman just becomes active here in this forum or the new forum where they can ensure the total security and anonymity by spending 1BTC from the first 100 mined blocks so that we know it's not an impostor.
It'll definitely help and speed up the development that is for sure.

I think no one will believe because there are so many people that try to tell they are Satoshi Nakamoto and they're not. But if he really reveals himself, we need him to help the people responsible for making a solution about the bitcoin's problem.

As for what I think the original intent of your question was: what would it mean for bitcoin...

It would of course be huge, but the size and nature of the impact would have everything to do with his actions after revealing himself.

Given his long silence despite the increasingly tense scaling debate, I suspect he would remain neutral on bitcoin politics, saying something along the lines of, "If you want to know where I stand, go re-read the original white paper."

Of course, I can imagine a scenario where he comes out and says, "Bitcoin Core [or unlimited or classic or whatever] has the best solution," that would almost certainly tip things instantly and massively in favor of whomever he endorsed. Given the inventiveness and originality of the original bitcoin concept and early development, however, I suspect his solution would be some heretofore unguessed approach to the issues facing the modern day bitcoin movement.

I do not think lots will invest in him.  There are lots of flaw in his creation that the current group of devs are fixing.  Aside from that I am sure that lots of traders will worry because there is a chance of those 1m of bitcoin be dumped in the market.  A possible affect on price to decline.  Depends on how severely manipulators FUD the market and spread wrong gossip and idea.

It might so. If Satoshi gets revealed, then I believe that there would be massive hype all over from mainstream media, to everyday people talking about the digital currency and investing into it massively. But there could also exist the possibility for governments to pursue Satoshi for taxes, and other purposes as most of them would want to cease BTC from existing.

Nowadays, Bitcoin is doing fine even without Satoshi. It is being actively developed and maintained by its own community, which is a good thing and will help it maintain its place for years to come by. Just sharing my thoughts.  ;D

 Go for direct experience!! What do you think when you face the waterfall? What do you think when you have sex? What do you think when you take psilocybin? Everything else is an unconfirmable humor, useless, probably lies. So liberate yourself from the illusion of culture. Take responsibility from what you think and what you do.
© Terence McKenna

Everybody is searching for truth, thats a human nature, always asking something they don't know, So if one day you know Satoshi identity what will you do? So let's make this scenario, Nakamoto reveals himself..... So what will happen? I think Bitcoin will still be Bitcoin when Nakamoto reveals himself. It will remain as a code. What won't be the same is how we perceive when we know the truth. How we react. I don't actually know the true reason why Satoshi hide himself, but if he did. Will people still believe, will people still have faith in its potential. This is just my speculations. Bitcoin is still running  and we are all enjoying the ride.
What is the destination?
Well we're all dying to find out.

I think even the founder/creator of bitcoin reveal himself in our time now, I don't think it can give an effect to increase the value of bitcoin, because without him bitcoin became popular because of the high demand of the users all around the world. Though, Mr. Nkamoto Satoshi was really landmark the famous one creator of digital world of currency. This was just my opinion and point of view every one is free to give their side of view in this matter. ;)

That wouldn't weaken bitcoin.
 I think it might actually strengthen it because then it would have a spokesperson on it's positives that it can do for humanity as a whole instead of the opposite that it has befallen it  with all the bad press that it's gotten in the past when it was first introduced.

The bitcoin community does not need satoshi nakamoto but what they need is the creation of nakamoto which is bitcoin. For how many years bitcoin have flourished and the community placed its loyalty and support to the first cryptocurrency that existed in the world. Even without the creator in the open it became independent and started growing in value. If Nakamoto nowadays will show himself people will not mind and just think that he is another fraud pretending to be the real one.

I think his absence en the mystery around Satoshi is what makes bitcoin great. I don't think he/she would/should reveal hilself/herself.

Well I think if he reveal himself it will shut a lot if the old guys talking and politicking with just common segwit and BU arguments in the media. His presence now will calm things down while we search for solutions ahead.

If he came back, for sure all the Bitcoin Unlimited shills would shut the fuck of to listen to what the master would be saying. And what he would be saying would be obviously to stop their secession and to join Core, as Satoshi is Core-sided.

I think that once Satoshi reveals himself, there will be more confidence in Bitcoin by attracting more investors into it. There will be a massive hype all around mainstream media, to users within the BTC community, making the price reach to higher levels than ever before. Also, Satoshi might put an end to the scaling debate, as he may bring a better solution towards increasing Bitcoin's capacity, in my own opinion.

The only problem would be, the massive pressure from governments and banks trying to shutdown Bitcoin by making Satoshi dump coins from the genesis address. If this happens, then Bitcoin will massively plummet in price.

In the bright side, Satoshi is still a mystery, making Bitcoin operate as normal regardless of any user, or entity. Its decentralization makes it an ideal system for everyday payments without the need of an intermediary. Thanks to Satoshi's creation, we have the freedom to choose what we do with our funds, and be our own bank. Just my opinion.  ;D

The price of Bitcoin would take a huge hit because the mystery of the creator would come to an end. The reason for this person or persons to hold onto their bitcoin holdings becomes much less important.I don't honestly believe Bitcoin would fail because of it, but I do think it would cause another MtGOX level crash for a period of time.

Nash is already gone, i think he was the main guy... so you wont find satoshi ever.

Who told you Satoshi is Core sided?  Did he send you a private message?   ::)

That's what other think about too, but not in a sense of any illegal crime like what you are thinking. And why did you say that the creator of bitcoin would be like that. But for sure He won't reveal himself anymore, which I am sure about it. ;)

That's a good question. But Satoshi would help core rather than the bitcoin unlimited which is short survived. To be successful he'll surely support core. One thing to be noted is, looking the present situation if he comes forward and says his opinion a big impact won't be felt upon the bitcoin network as several people have started to claim themselves as Satoshi.

well that's rigth if he will show up and make any statement either he will support bu or the core it will not change anything since he's been hiding ever since i guess if he reveal himself from the start maybe his word would help everything to be sorted out and resolved this concerned just my thought though.

Maybe he is even in the open already who knows but in my own opinion, if he eventually shows himself and we believe him, which is a determining factor of the effect such outcoming will have, I think its going to be negative in the sense that then people who want to remain anonymous will become sceptical that its might no longer be possible since the creator of the anonymity is back.

But no one has provided sufficient evidence to be considered a real Satoshi

Even if someone came out of darkness and proved to be a genuine Satoshi Nakamoto, the party which he wouldn't give his explicit consent to, be it Bitcoin Core or Unlimited, would still not listen to him (though I doubt he would favor BU, but that's just me, anyway) and confusion would only rise to new heights. That's might be one of the reasons why he may not want to appear before the public eye again, i.e. not to add to the disorder and turmoil which are already reining over here

I don’t think that is ever going to happen and even if it did many will be skeptical that he is the real satoshi, there will be all kinds of conspiracy theories saying that he is not satoshi but an impostor.

Yes, that is for sure if he is still alive he will reveal himself to the public, he might get into jail for sure. The govetnment will do it to him. Thats why it is good if he keep himself hidden.

Yeah that might happen. As BU is very flawed, Satoshi would probably go towards supporting Bitcoin Core. I believe that once he decides to reveal himself, and provide proof of ownership of his private keys, then he might work in different ways to put an end to the pioneer cryptocurrency's scalability debate.

Many jokers would show up, just to take advantage of Bitcoin by claiming that they're Satoshi themselves, but one those who prove ownership of the keys from the genesis block, will obtain full credibility by the Bitcoin community and the people who use the digital currency.

One thing for sure is, that once the original creator of Bitcoin and the blockchain becomes unmasked, there will be massive interest from users who never heard about Bitcoin, bringing traction to this revolutionary technology. Just my opinion.  :)

First, I don't think that Satoshi will ever reveal himself.
Finance and money is very sensitive issue today and bitcoin is in ''grey' zone, without clear regulation.
If any government, specially US government, find out who is behind bitcoin, I'm sure that Satoshi will have serious legal problem.
Also, media pressure will be to high, for him and his family, I'm sure.
He have very good reasons to stay behind.
After all, at this stage, bitcoin doing just fine even without creator.
Even if Satoshi show up, nothing special will change with bitcoin.

You do have a point there, mate. While there could be positive implications regarding the pioneer cryptocurrency's creator, the negative implications are most likely to occur. Maybe if Satoshi reveals himself, it would be the end of Bitcoin and the blockchain, as governments will try to pursue the creator and its tech to shut it down forever. Their efforts to stop the propagation of the blockchain would be greater, although it will be very difficult to completely remove a blockchain, due to its decentralized and distributed nature (especially with Bitcoin).

Overall, it would be interesting to see what happens if Satoshi reveals himself by then, but in the meantime, I think that there should be nothing to worry about since Bitcoin is doing fine without him. Just sharing my thoughts.  :)

No way that Satoshi will ever reveal himself. But I ever wonder if Satoshi will reveal himself what he would be his stance with the current issue that is happening right now versus core and unlimited. Maybe he can make those shills to shut up when he appears and give them some sermon on what they are doing with his creation.

It will be great if satoshi really show up and speak his mind about this new debates, this debate seems like making bitcoin price becomes drop, I can see now there are a lot of confusion happened because of the fork issue, so if satoshi show up and gives solution it will be great

It depends how he reveals himself.  He could reveal himself by moving his 1 million btc after BU/Core fork.  Imagine 1,000,000 bitcoin flowing from those early mining addresses... spreading out to bitfinex, bitstamp, btc-e, kraken, coinbase, gemini.  People watching in amazement wondering what is going on, as over the course of around 10 minutes, 5-10% of all bitcoins move to exchange accounts.  Each exchange would probably by then be listing both BU and Core btc, so Satoshi could send both or just one.  So, if it's just BU moving, people might anticipate that Satoshi was going to dump BU on the exchanges. Panic would ensue, and we'd see massive selling across all markets.  That would be even before Satoshi sold a single BU btc.  Then, within around 20 min of the initial transactions, we'd see the Satoshi dumps -- and then BU markets would be obliterated all over the world. 

Of course, that's an unlikely scenario, but I think the odds of it happening are a little better than most people think  ;)

I'm sure that if satoshi decides to come up with some ideas, majority of people would agree with him and could make this current debate which has bring tension among bitcoin users come to an end.
it looks like that satoshi is the messiah of bitcoin but that's the fact due to he's the one who has invented bitcoin.

Didn't some moron, like a year ago, claim to be satoshi? But it turned out it wasn't true right?

Basically. But the bitcoin community actually supports him pretending to be "Nakamoto" because it is a good distraction.

And if you spend more than a half hour researching it, it is pretty clear who the main Nakamoto was. He's the one who deleted the web pages back when bitcoin was released talking about it. Unfortunately, you can't delete history completely once published to the interwebs.

I think there will be just a lot of paparazzis, cameras, news, posts, articles, allegations, riots, and celebrations. Many users will be in awe, knowing who discovered bitcoin, amd I think the government will never make a move on him, he didn't do anything wrong? In fact he made something so cool that might be rewarded. The bitcoin will be discussed thoroughly and can have a good desicions to make bitcoin come back to its feet again.

Yup the chances of him being lock in jail is pretty high if he reveals himself.
But there are rumors about satoshi nakamoto is not just one individual but actually a group who develop bitcoin in 2009. Well if he shows up right now there would probably nothing he could do regarding the crisis bitcoin is facing right now cause the bitcoin he or they know is far from what they did in the past because it has evolve and innovated in his absence.

You bet. This BTU is really a problem to bitcoin, right now, we are experiencing a huge price drop which might not happen if this BTU didn't appear in the first place. But Satoshi Nakamoto could do something about this without revealing himself, but the question is, Do Satoshi Nakamoto still care about his bitcoin? because if he still do, he would do something about this, bitcoin should not suffer just because a certain copy cat coin appear out of nowhere because of this bitcoin unlimited.

I want Satoshi to reveal himself and slap those people that are too greedy enough and wants to split everything with bitcoin. This is the only way to stop this drama and this politics behind the price drop. I wanted Satoshi to tell them, that they should meet their makers and educate them properly with these issues.

Yeah, I totally agree, even if Satoshi reveals himself that won’t have any effect at least for the bitcoin it would affect his life like getting tracked by media he also might reveal himself and have like millions of bitcoins, he might be even in this forum posting with a different identity just chilling and waiting for the right moment to jump in.

If Satoshi reveals himself, won't change anything in the bitcoin, as he is either or not engaged in the bitcoin, just like now.

Bitcoin has already been created and exists, so nothing the appearance of Nakamoto will change. Although if you take into account that he is the creator, he could assume such a development of bitcoin, and hence he can be a very large bitcoin holder with a lot. And this is a good opportunity to influence the course of bitcoins.

Even me, I'm having hard time to understand these people and very confused on what is happening. Let's see if Satoshi is going to show up himself and will introduce what should be the best thing about this matters. If he reveals himself on this situation that will be a big relief to all of us but in other cases, nothing will happen if he do.

Yes i will agree to you, it would be very interesting topic. Well in my opinion if real Satoshi reveals himself and proves that he created bitcoin, of course i would be very happy finally revealing himself. Even im not that long joining here in bitcoin, i dream to meet the creator of bitcoin or just even reveals himself. Yes it will stay as what bitcoin is. Then i think government wouldn't do that, they have no reason to put Satoshi in jail, its just my opinion then.

Satoshi is the inventor of bitcoin together with his team. And no one really knows if that his real name "Satoshi Nakamoto". Actually you can simply google it out https://en.wikipedia.org/wiki/Satoshi_Nakamoto so without this man, no bitcoin will exist and as well those supporting projects that are bitcoin inspired.

I think best reason for satoshi not showing in the public is maybe of his/her families security.Being an developer of an decentralized and leading cryptocurrency now can bring you much harm if you exposed your self.As the main developer he must own huge amount of his coins and many people will have interest stealing it

I was searching this topic for a while now, now that bitcoin could suffer a death thanks to Bitcoin unlimited and segwit, can satoshi finally come out of hiding and stop all this madness. In a scenario he does returns, will the miners, and every one else listen to him. Or will they continue to defer it. I really wish he turns up now, Bitcoin community needs him more than ever. If he doesn't turn up, it will be very difficult to save it. Since satoshi's was once here I wish he comes back.

A what could Satoshi do about it? Would reay revealing his identity changed something? I don't think so. He is not some miraculous saviour and Bitcoin and its users have fight for themselves and try to find the best solution. But still I don't find this situation so bad and black and I beleive Bitcoin will come through this stronger then ever before.

Profits always trump prophets

So it is highly unlikely that anyone and still less so miners would listen to him. The majority of folks in Bitcoin are there for profits only, and as the proverb goes, when money talks everything else walks. As to me, if he made public appearance now and had his say on the issue, that would only rise further confusion and infighting between miners and developers from one side and the same folks from the other. If he supported Bitcoin Core, Bitcoin Unlimited would start claiming that the current situation is primarily due to his design flaws. Conversely, if he voiced his support for them, they would quickly start claiming that even the Bitcoin creator himself accepts the "truth"

This will be an advanced course that is extraordinary news. people will know who the creator of bitcoin. I think if satoshi is a trusted person bitcoin then the price will increase. while when satoshi is a person who has a bad image, then the price will decline. there will be negative and the positive impact that can not be avoided.

I am really not sure on the impact of bitcoin price if Satoshi revels himself in the public. But I’m sure he will immediately become the most wanted person and enforcements agencies will try to put him in jail. Because Satoshi has violated one big rule and allowed normal people to have financial freedom which no government will alllow their citizens to have.

Government want to have the power to control the wealth of its citizen and bitcoin actually allowed the people to earn money without the control of the government.

I don't anything like this could have happen , as i remember a news once and a person told that he is satoshi
and he was the one who started but he couldn't prove it. And knowing the owner of bitcoin wouldn't make any
sense as , as i'm surely not going to believe him at all. And knowing the owner wouldn't affect me at all.

i do not think bitcoin would be any different from today if satoshi was around ::)
maybe in a negative way, most governments would have forced him to shut it down as the developer
to help keep people glued to a centralized fiat currency and kill our financial freedom.

there are some people argue if no satoshi certainly no bitcoin, and of course satoshi have a role in the discovery of bitcoin, but it seems a fact witness is not conducive to a statement about the discovery by Satoshi bitcoin.
for now I think the recognition satoshi about bitcoin, will not have much impact on the development ber bitcoin

Your analysis is wrong. 100% wrong.  Most of the government knows who Satoshi is. Satoshi has not violated the legal rule of any Nation-State government. No government is after Satoshi Nakamoto. Satoshi Nakamoto have been in prison for inventing Bitcoin. He was in prison for 9 days. Not because he did some thing wrong by inventing Bitcoin and Blockchain but he was put in prison by the greedy cypherpunks with a false domestic accusation in order to hijack the Bitcoin project from him. Now Governments is formed by the people for the people. The governments around the world are scapegoat under the plutocratic disorder. Satoshi Nakamoto has come with Bitcoin and Blockchain to liberate the governments from corrupted plutocratic disorder by empowering government with New Justifiable Digital Economic System  to work for the people who have voted to form the government to serve the people.

As at today, nobody cares who Satoshi is to the best of my knowledge and we dont even know if he already among us by changing his username so his personal character wont change anything because only few people can know whether he is a good individual or a bad one. And if he decides to show under his real real and people believes he is the real Satoshi, then I believe he will be able to put rest to controversy surrounding bitcoin in recent times...

Yeah. The minute that Satoshi reveals himself to the public, everyone in the Bitcoin world would follow him, and possibly do whatever he says. It will bring unanimity once more to the Bitcoin community and put an end to the scalability issue.

Perhaps, Nakamoto would devise new ways for Bitcoin to scale at a better rate than any of the proposed solutions, or maybe he would go towards supporting Bitcoin Core, as it is not very flawed unlike Bitcoin Unlimited which had some bugs that took nearly half of its nodes.

Overall, the Bitcoin world would be a better place with the help of Satoshi, just like in its early days. I'm confident that Bitcoin's issues will be solved, and make it great again towards reaching mainstream status. Just my opinion.  :)

too bad hes not around anymore in this life(nash).. as otherwise im certain he would have already chimed in on newsgroups.

If he reveals himself? I think satoshi would not do that act because he started this all and he can be put into jail with that or pay tax for what he done, but no one knows what the government will act in that situation. But for me satoshi will not do that act.

Satoshi is NSA or at worse a group of people. The deep multi discipline knowledge to create bitcoin doesn't come in one package very often if ever.

Or.one genius who spent.his entire life on the subjects

If satoshi reveals himself, it would be a big news for bitcoin community though and i'm sure many online news will make an article about that and when people read that it will attract more people to use bitcoin. For the bitcoin itself, i think it will affect the price of bitcoin.

He would be much more underwhelming than what anyone believes. Meeting your idol is always underwhelming and it often shows that someone is flawed. IMO I hope satoshi is dead or never reveals himself. Lets keep the myth of the man in the way we all want him to be.

if satoshi reveal himself then there will be no impact in the bitcoin community but many countries and people will try to get hands on him and treat him as a hostile.they will torture him to get the result and what the base technology behind the invention of bitcoins.
i think its better that satoshi never reveal himself.

If satoshi reveals himself, it will be great for bitcoin because it will show some transparency for bitcoin which is a plus points for the potential big investors for bitcoin because they will get comfortable that bitcoin is a legit and trusted investment since they will know the person behind it and they will just go all in with their money.

Why is it hard to believe that Satoshi Nakamoto never existed?

Is it because everyone else believe in such person that everyone continue to follow along with the herd mentality?

If so, then it is not because there is a person named Satoshi Nakamoto that you believe in him, but because everyone else is believing in him that you are just tagging along with such belief.

Let me say this: There is NO Satoshi Nakamoto. He is just a fictional character.

If I invented a fictional character named "Mr. Sohai" and spend millions promoting such character as real, I bet a lot of people would believe such a figure existed and discuss about him.

It is not hard to control the mindset of the general population.

It just take some very primitive "magic" tricks and almost everyone will fall in line.

I think he will cause a big influence to the Bitcoin world in particular and to the cryptocurrency in general. More people will start using bitcoin after his appearance and I do believe that the prices will increase about 1.5 times. Trust me. but I never think he will show up

That is very true, its a very important aspect of bitcoin, one of the most significant differences from the regular, fiat currency- goverment can't control it.
For sure, many people would hunt Satoshi Nakamoto just for profits, it is kind of obvious that the quantity of BTC owned by Satoshi is incredibly huge. Im pretty sure that also, many politics and law enforcement representatives would want him in their control.

You should bear in mind that Satoshi Nakamoto has to be very smart person, with good programmer skills.
He made his cryptocurrency (BTC obviously) anonymous, im sure that he knows how many people would like to get him in his own hands.

What would give any government on earth the right to chase down Satoshi and put him in jail?
I know most governments probably aren't too happy with what he has created but it is harming nobody at all and a great asset and an alternative to the current debt ridden system.

Governments don't need such a right being granted to them

I'm surprised that there are still folks in post-Snowden era who are astonished at the very thought that a powerful enough government could simply put someone in jail if they ever wanted to. As Snowden himself said, he expected to be assassinated by the CIA if he had not been granted an asylum in a country where CIA is just an irrelevant abbreviation. I think he certainly knows what he is talking about. We don't know what happened to Satoshi, maybe, he just turned up in the wrong place at the wrong time and voila! Gone with the wind and never seen again

Put on jail for starting a revolution that saved thousands of people from fiat slavery? I hardly think so. Just think of the altcoin developers. A lot of them have their faces uploaded online. They even post selfies of the conference/seminar regarding the cryptocurrency that they are making. Those people and Satoshi did the same thing. It's only that Satoshi did it first. But if such action is illegal, all altcoin team would never show their faces. They would never conduct any meetups to fully explain the project.

He is not going to pay tax at all because he didn't sign up a contract with the government. The government is simply not in the picture here.

I'm curious which contract you refer to here

Regarding paying taxes, the government is always in the picture even if you think they are not (whether you like or not). If he starts selling his bitcoins, he will book profits and the tax agency of the country where he is found to reside may start asking questions. It is one thing when you go for tax evasion in the amount of a few hundred dollars and a completely different one when the question is about a few million dollars

I think if satoshi revealed himself the bitcoin will still be the same because maybe the government wouldn't bother that satoshi the one who created bitcoin and why would the government will put satoshi in jail ? if he didn't do anything wrong. Am i right ?

Nothing would seriously change after everything the community has seen :D
If he's still alive & well on his mind the best thing he/she should do is stay neutral
as he/she has done since 2011  ::)

 I think you people do not know the reality. Governments is not after Satoshi Nakamoto the inventor of Bitcoin at all but government was after Dread Pirate Roberts and government has got him. There are more than one Dread Pirate Roberts. The Governments is now searching for the next Dread Pirate Robert. Satoshi Nakamoto the inventor is one person and he has done nothing illegal. I think government has full knowledge about him. If he reveal himself and tell the truth no governments is going to come after him. If he do not have access to his email and has lost his passwords then how can he come and proof that he is Satoshi Nakamoto ? Government was after DPR but not after Satoshi.

 If any impostor of Satoshi manage to hack his email  accounts then he can dance for a while with the media but then the real Satoshi will be outed by the government to facilitate to find out all the Dread Pirates Roberts. Therefore, any one claiming to be Satoshi Nakamoto must be the genuine one. Otherwise he will become a laughingstock. Now, If the real Satoshi come and say here I Am Satoshi Nakamoto. This will become a news. Bitcoin market will grow faster and he will be able to implement all his Bitcoin plans in to action. Why the Bitcoin community are so reactant to bring Satoshi out. They knows who is real Satoshi. No body want another fake Satoshi. Lets bring the real Satoshi  on the media. Does any one have any clues who is the real Satoshi Nakamoto ?

I believe Satoshi is nothing more than just a project code. There is no person behind this name maybe a group of developers created the code of bitcoin than made an agreement to put huge amount on an address for a time limit.

Satoshi Nakamoto is not a project or code. Satoshi Nakamoto is a pseudonym. Bitcoin has very little things to do with codes. Bitcoin is an economic ideology and it is based on digital numerical values. Blockchain is the invention and Bitcoin Blockchain Network is based on codes and cryptography for making secure transaction. Many developers join later but Bitcoin and Blockchain was invented by one man. Pyramids were built by Pharaoh of Egypt but he needed thousands of workers and engineers to do various tasks.

If sathosi is a project code you may also connect bitcoin as illuminati project, lol. I still believe satoshi is pseudonym of professional programmer and work together in teams. Given that the bitcoin creation is decentralized and valuable, he decided not to appear or will continue to be hunted and became seizure of all governments in the world, if he appears in public, it would make bitcoin become damaged and will take away the bitcoin rights by the central government, I assume satoshi that's a complement of cryptology ever developed by Alan Touring, and I call as Cryptonextgen.

How can you know that for sure?

As to me, Satoshi made a wise decision to disappear without trace into oblivion. Altcoin developers who make public appearances and try to look smart are irrelevant in the grand scheme of things. Only Bitcoin counts, and after it gets required updates that will allow it to scale up indefinitely, it will become a real pain in the ass of many governments. Right now it can't fully realize its potential due to scalability issues, but after they are done with, it will be literally unstoppable, and then it may be too late to fight with it

I don’t think he is someone we know, I think he has been successful in avoiding revealing his identity to the world and there is a big chance that we are never going to know his identity and I think that is better for us and for bitcoin.

Precisely. It would break the mystique at this point, ruin his life, and people would start to ascribe political ideology because of his background/national orign once it was known for certain. Better to just let this dog sleep, it would be like finding out the cake is a lie. But the scandal would probably make the price dip; I guess it just depends on who 'Satoshi' is (having it be someone like Steve Hawkings could be a bonus, meh).

That's a LOL and a half,  because satoshi probably IS the government.   And if it turns out that the CIA, IRS or some other agency or foreign government created bitcoin, the communit would collectively shit their pants and crypto would shit the bed.  So it is best that fools keep guessing.   Not that it matters anyway.

Whenever who create this , there must be something why they won't to let people know their identity.
Maybe security reason for their life or something they are fear against. I think if satoshi is a goverment then it will be found more quickly !

We cannot completely exclude such a possibility

But even if Bitcoin was deliberately created by some government agency, what does it change in the end? Bitcoin is an open-source project anyway, so it is ultimately irrelevant who created it since this won't change how it works and what it does. Besides that, it is not clear what purpose those who created it are pursuing. As to me, Bitcoin may in fact be created by some (likely former) employee of the NSA or similar agency which is heavily involved in developing (or investigating into) cryptographic tools. After all, the SHA256 cryptographic algo which Bitcoin uses for hashing had been developed by the NSA itself

Talk is cheap, show us the keys


They may just want to see how the project survives on its own

Apart from that, making themselves public will inevitably force them to reveal their attitude toward this or that proposal regarding ongoing Bitcoin development, and this attitude, first, may not get accepted and in the end completely rejected (which will be a devastating blow to the reputation of whoever created Bitcoin). And, second, that would significantly affect the purity of the experiment, i.e. how well Bitcoin will fare on its own. Other than that, if it was just one human being behind the whole endeavor, this individual might have just died already (but the debates will go on, obviously)


They don't match! Impostor!!!

I have seen everything in this thread, and all of your post are hilarious!  :D was observing all of the conversation and I thing you can not really claim you are satoshi just like that in this forum because no one will ever believe you! it is like I am saying that I am Jesus and the second coming was now! would you ever gonna believe me because of it even if you have the KEYS???  :D

If he/she is still alive, I think he/she will do whatever it's best for BTC. Otherwise, if he'she isn't exist or is dead, then we are the only we can fix the problems we have. And I think it will be the best to do. We control the bcs and we are the only one we can change it :)

There's no need for that, because we all know that Satoshi Nakamoto is the only one who created bitcoin, and of course the Government won't put him in jail, I mean, the government knows that there are million people who are using bitcoin right now, including yourself, but are they making any actions to put us on jail? NO, because as long as we are using bitcoin in the right way, there is nothing to worry about.

You seem to be of too high an opinion about governments in general

In many jurisdictions issuing of currency substitutes is strictly forbidden. Maybe, the punishment is not as severe as for outright counterfeiting (for which you can easily inflict a death penalty upon yourself) but it is not very far from it. Really, if someone is using counterfeit money without knowing that (or if he successfully denies such beforehand knowledge), he will be exempt from punishment in most cases. But the counterfeiter himself will pay in full if caught. In this way, you can't possibly claim that using Bitcoin is equal to creating it


How come that the only key that (allegedly) matches is freely available to anyone?

Well, Satoshi is the common but noticeworthy  person who put a bitcoin's value in  millions of  satoshis.  Here if we notice, he really has devalued himself conspicuously because a millions of satoshis makes one Satoshi.

Satoshi died on the NJ turnpike recently (https://bitcointalk.org/index.php?topic=1663070.msg18482002#msg18482002). I am not joking.

Based on everything I have seen, I've thought Szabo to the be best candidate. Do you mind linking me to some more info on John Nash being Satoshi?

Edit: I made the same request that often annoys me and leads me to say "google it man!"

Allow me to enumerate, is there anything you are privy to that is not in the top 20 google search results? To sum up my best guess, it would make sense if Szabo was inspired by Nash and utilized the "Nash Sato Koto" in conjunction with his own initials. When comparing this to the email to Hal Finney in which Satoshi indicated his initials as being NS, it makes sense. Anyway, pure conjecture. 

I dont think that it will be a big matter because not all oc the users are really curious about him, I think they will be more curious how did he think of it or made bitcoin. As a user I dont really care when the true Satoshi Nakamoto enters the stage and tell the people that he dicovered it, it is not that I dont love his work, I am more focused on what he discovered, than him, I really idolize him making such discovery and thank him eternally for making our lives really efficient.

He may not do anything wrong, but depending on his country of residence, it will demand for him to pay taxes and the number of Bitcoins he has in his addresses. Not to mention that he created a financial system that rivals’ government’s issued fiat currencies, which is like a threat to those central banks from the most prominent countries like the USA.

Maybe that is the reason he hasn't showed up yet, due to fear of governments and big entities that would try to put an end to Bitcoin and the blockchain.

Nevertheless, no matter if Satoshi reveals himself or not, Bitcoin will always be in the eyes of investors, traders, and everyday people. Just my opinion.  :)

It will be an ironic twist don’t you think? That governments or their agencies were the ones to create the hydra known as bitcoin, but it should not surprise us since there are many projects that were invented for military use that were taken by the civil society and were made bigger than anyone imagined.

Yea tell me something I don't know :) Already posted it in this thread many months ago.

i dont think it would be wise for him to do so.
revealing himself means he will have to face difficulties in his country

I've been telling that myself before

Namely, that Bitcoin might in fact have been created by some special agency as an economic weapon of sorts ("economic hitman" coin, so to speak). It is obvious that if its gets traction, it will be competing with local currencies. And the most vulnerable among these would quite naturally be the weakest currencies. In other words, the US dollar would be the last to fall, so you shouldn't get surprised that the US is mostly neutral toward Bitcoin (with an overall friendly sentiment) and that some US government agency like the NSA could in fact be behind its creation

You seem obviously at the periphery of the Bitcoin ecosystem, because you seem not to realize that the only thing holding the governments from nailing the coffin of Bitcoin is simply because they are helpless. They are simply licking the wounds inflicted on them by the emergence of Bitcoin and Satoshi's appearance would actually help them in solving lots of puzzles before them. Firstly, they would arrest  him and slam huge tax on the 1 million Bitcoin he mined and charge him for creating a drain pipe through which government loses revenue from tax. At that point, the price of Bitcoin would most likely nose dive.

This actually happened to Craig Wright 2 years ago in Australia, for claiming to be Satoshi:                    
http://www.reuters.com/article/us-australia-bitcoin-exclusive-idUSKBN0TS0AB20151209

Yes, I agree with you because this is not the right time because many government sectors are angry about Bitcoin because many people diverted from forex trading to bitcoin, this will leads to big issues if comes out and reveals means.

We cannot know if Satoshi Nakamoto is the real creator of bitcoins no one is sure who really Satoshi Nakamoto and no one knows if Nakamoto is alive but if he do create bitcoin and reveal himself we cant say or think that he can do anything about bitcoin or anything. Without him bitcoin still become successful and become famous in digital world and at this point of success we dont really need to know the make of bitcoin just do the opportunity it gives.

Satoshi is the real creator of bitcoin.. check the wp

First thing expected of a newbie to do is to learn and learn right! Now Satoshi Nakamoto is the known creator of Bitcoin, what we cant tell is whether that is his real name or not and if he is dead or alive.

Wrong! He was the first to picture the success of Bitcoin to have thrown his time and resources behind it, even when nothing was clear. Bitcoin's success was only possible after the great work and foundation he laid - always give credit to whosoever it is due, that is the way to attract yours.  

Do you believe Nash wrote the original code?

One day, we will find out whether it is a single person behind this name or several people. If this is a single person, I think it is sad. Because, this means we have a new John Nash which we never met or perhaps never will.

Yes. That may probably happen with Satoshi, once he reveals his true identity. At the cost it would take, I think that it would be best for Satoshi not to reveal himself and remain a mystery, to help the blockchain become bigger each day, and not become interrupted by the likes of the government. Although, Bitcoin's network is strong and resistant against 51% attacks, or network splits, there could exist the possibility of the government trying to force Satoshi to dump all his coins, to plummet the digital currency's value.

As for Wright, I feel sorry for him as he managed to fool the Bitcoin community, by making them believe that he was the real Satoshi. Now, he has to pay taxes to the Australian government, due to the alleged amount of Bitcoins under his control. Unless he proves that doesn't own the addresses associated with the genesis block and the first Bitcoin transactions, he will be doomed. Just my thoughts.  ;D

More opportunity for bitcoin industry, He will be credited a name on history of Currency development. It will be fun to know who real he is, I think if satoshi reveal their will be a lot of work ? or projects like giving a work of homeless that let ear money ? something like that can help the world.

I don't know how real these claims would be in any "decent" jurisdiction

And whether he can actually be prosecuted for creating Bitcoin. Regarding taxes, he didn't cash out his stash, so why should he pay taxes and which taxes specifically? I don't know what really happened to Craig Wright and the article by the link doesn't specify if the police raid had anything to do with Bitcoin as such. But the guy seems to have been involved in a number of scam enterprises long before Bitcoin. He even served some short term in prison, so it is no surprise that the police keeps a close eye on him. But that again may have nothing to do with Bitcoin

I think if Satoshi Nakamoto reveals himself. It will be a huge news and media all over the world will be full of it. If not full then there will be atleast some mention. Thus more people will know about bitcoin. It will become more popular.

Satoshi reveals himself - Bitcoin suffers.

http://38.media.tumblr.com/tumblr_m46fhlmFcK1qzwezzo1_400.gif

I've always thought otherwise, like don't you think only Satoshi can solve the current debates about BTCBTCBTC's own future?

Obviously the person would have the biggest weight on the issues.

It may backfire heavily

Let's assume that he makes a public appearance, proves that he is a genuine Satoshi Nakamoto (i.e. does whatever that might require), and then proclaims openly his support for, say, Bitcoin Unlimited. Does it mean that the latter will necessarily succeed? I guess, no. And when this fork eventually fails (which I'm sure it will), Satoshi will certainly feel humiliated. As to me, he made a wise decision to disappear so as to allow his creation (i.e. Bitcoin) to evolve on its own

Satoshi wouldn't even know what Bitcoin is now. He wouldn't recognize it. It's been changed so much and stands to be forked again soon.

If he were alive he would probably make a new coin closer to his vision and make it impossible to use sidechains with the new coin.

Who the fuck santoshi is? He invented bitcoin and disappeared and that asshole didn't had courage to face the world for the invention that he made so what's the use of such an invention if you don't have courage to disclose your identity?

You do have a point there, mate. It wouldn't make any sense to tax on someone's Bitcoins, if he/she hasn't sold it for capital gains. I've always understood that you should pay taxes on your Bitcoins if you sell them for profit. (as per USA)

But still, after all Wright did of scamming and making people believe that he is Satoshi, I think that he deserves this. It will be a great lesson to him (if he weren't the real Satoshi, which I know he is not) to stop fooling people, and take advantage of something that he did not create.

After seeing these events myself, I'm beginning to wonder if something similar or worse would happen, if the real Satoshi decides to reveal himself. Only time will tell us about Bitcoin's mysterious creator, if it will ever happen. Just my thoughts.  ;D

You must be kidding mate

Whatever Sotoshi's reasons for his disappearance might in fact be (after all, he could just die, a usual thing these days), what actually matters is how well his project fares without his intervention or even presence as such. Apart from that, we can see that his invention fares perfectly well with 1 bitcoin worthy as much as over 1,300 dollars. Indeed, it is not close to Berkshire Hathaway of Warren Buffett's fame with the prices of over 200k dollars per share but it still fares a lot better than most other currencies out there

You dont understand game tbeory enougj to understand why he had to be anon for bitcoin to succeed

Same as Microsoft or other top corporate the innovation is not the same  which is beyond limitations. In reality bitcoin will be successful only if it gains people support. So Satoshi could have hidden his identity so that can make it popular because no control is with every user not in single hands or a corporate.

Whatever his reason was, you have to show some respect for the man and his idea. He created something which others couldn't so blaming him for something is not good. If he reveals himself, i guess he will be arrested or put behind closed doors and governments should definitely try to change Bitcoin to their advantage.

On the arrest of Satosh this is a serious statement and most likely it will happen. There are a lot of examples of how governments deal with such people. I'm not talking about those who are suspected of not paying taxes.

Most people would have given out only vouch copies of Bitcoin technology and turn it into a membership only project, but he preferred to make it open source. Look at the number of lives that have been touched across the globe, companies that have had to change their Shylock business ideas as well as new companies that have emerged , I doubt if those are the hallmarks of people that do not have courage?

Exactly which is why he remains anon and probably not existing in lifeform anymore.

Gaven probably threw craig wright under the bus knowing full well he wasnt satoshi just because the dude was lying and gaven knew. So he first said yea it is him but later retractes because he let his ego get in the way and realized with a cold mind that better to leave it as is and have ppl guess

That can be the big reason why the name we call as Satoshi Nakamoto until now is not a part of the current and raging debate in the Bitcoin community. When he left Bitcoin, he left for good. Surfacing now can mean interference in the ongoing evolution of Bitcoin because whatever he says can have an impact on decision-making of many stakeholders.

On the other hand, he could provide the much needed leadership of Bitcoin. But I am sure he has all the wisdom in this world that is why he preferred to be called absent in the continuing Bitcoin class lessons. Right now, there is a gaping vacuum of leadership in Bitcoin but that can be the way it should be according to the plans of Nakamoto...so be it!

i don't know why he is hiding his identity but one thing is that i don't think there will be any effect on the price of bitcoin if he reveals his identity. he was just a developer of it and i think the way it is progressing day by day. i don't think there is any effect on it by revealing the identity of its developer.

To be honest, no one knows what will happen. I think satoshi took a right decision to stay anonymous and make bitcoin, a people's currency. Yes, If satoshi reveals himself and proves that he created bitcoin then governments would definitely put pressure on him to regulate bitcoin. It's better for him (and for us too) to stay anonymous, at least at this stage.

Yes that will happen if satoshi nakamoto will reveal himself the government will put a pressure on him that will result for him to make bitcoin as a centralized currency and the government will be the winner and also satoshi nakamoto's life will be on trouble because criminals will try to kill and steal his bitcoins so it is good for him to stay anonymous.

Yes. What matters most, is not who or whom Satoshi is, but the revolutionary technology that he, she, or them has created. At this point, it would be best for Satoshi to remain a mystery for the good of Bitcoin and the blockchain.

No matter if Satoshi reveals himself or not, Bitcoin will always be used and supported by its community for years to come. If it wasn't for Satoshi, then we would've never had the chance to discover a new way to secure or money, and take back the control of our funds, rather than only relying on banks themselves.

Who would've thought that such digital currency would become a great hit these days? Thanks to Satoshi's invention, we could all enjoy the benefits of decentralization over our funds, removing the middlemen for the first time in history. Just my opinion.  :)

But does Bitcoin really need leadership?

If it aims to be money, any form of leadership would be a hindrance. Really, why does money need leadership? As to me, that would be against the very nature of it. Money should evolve on its own in an evolutionary way via a sort of natural selection (let's call it financial selection). On the other hand, I wouldn't be idealizing Satoshi either, and he probably understands it himself (that he is not omniscient) and thus prefers to remain anonymous (for the time being)

I believe it will cause some volatility in short-term but will not influence bitcoin in general.

I quite agree Satoshi left for good so Bitcoin could evolve on its own. Evidently it wasn't an afterthought as even the choice of the name Satoshi signifies his moves were premeditated. Can the creator of something anonymous not understand what anonymity is all about? 
I think he can do so by not directly stepping into the shoes of Satoshi Nakamoto, but assume another personality. Resurfacing as Satoshi I think would rather take Bitcoin backwards, because it already moved on without  him and lots more division is sure to ensue.

Yeah. If Satoshi decides to make a comeback, it would probably be with another name, as many con-men around have used the "Satoshi" name for their own gains. (like Wright for example). After he makes this decision, he would reunite the Bitcoin community towards finally making Bitcoin scalable.

He would put an end towards the never ending controversy between different Bitcoin implementations like Core and Unlimited, and make Bitcoin great as it used to be in its early days. Everyone would follow Satoshi's lead, towards Bitcoin's success.

Still, without Satoshi, we have seen many improvements into the digital currency, as well as wide interest from people around the world. Bitcoin has been performing well without its creator, and it may continue as is for years to come. No matter if Satoshi reveals himself or not, it wouldn't make a huge difference for Bitcoin. Just my thoughts.  ;D

One thing that would be interesting (just as a thought experiment) would be for Satoshi to make a move that basically says, "Don't. Mess. With Bitcoin." Something that would REALLY get attention. I suppose it's too much to assume that Satoshi still has access to his/her/their original private keys?

If Satoshi Nakamoto's identity is ever to be revealed, it would be a good thing if he/she/they were to control the circumstances in which it is revealed, in any case. That way Satoshi Nakamoto at least has some control over what happens.

I think from now satoshi cant controll the whole bitcoin community since now bitcoin is already popular and lots of country can used and mine bitcoin. And also there are a lot of bitcoin system developer in each country that is why they do not rely on the past of bitcoin or where the bitcoin starts.

I think satoshi nakamoto would be happy if more people will saying that we are very thankful that he/she discover bitcoin to help many people like us.

thinking in those lines too and if satoshi ever decided to go solo and control how bitcoin is run
that would be going against his own decentralization beliefs and by now we all have seen how much power the community has collectively to make it a great asset .

 
Yep his a genius he knows we all living his dream :D

Agree. At this point, Bitcoin has become mature enough in development, and community support, making it harder for Satoshi to control the whole ecosystem. Every day, Bitcoin becomes stronger and more decentralized, as people from around the world support it with their hashrate, development, and even establishing full nodes.

In some way, Satoshi's vision has been fulfilled, since Bitcoin is now a global currency, enabling peer to peer payments with no middlemen at a large scale. The protocol evolves on its own, without the need of its former creator, making Bitcoin a fully independent cryptocurrency.

Nevertheless, revealing Satoshi's identity, would not be the most viable option these days. If Bitcoin performs well without him/her, then there should be nothing to worry about. Just my opinion.  :)

He would probably face govt actions i suppose first. Bitcoin rate would most probably come down. revealing satoshi would be like revealing bitcoin keys to public.

What you told is 100% correct but what if when Sathoshi can make Bitcoin and it gets this much famous then he can develop same another coin with more secure features then everyone will leave bitcoin and join that coins, as now bitcoin is facing the transaction confirmation block problem and if it did not get solved then we can see bitcoin going down

I beg to differ, on the contrary I think Bitcoin prices will rather go up if satoshi is revealed but I fear for his life afterwards because they will eliminate him this time and show the proof to the world and Bitcoin might eventually die as a result.

And what could he actually do?

As to me, he wouldn't be able to change anything even if he came out in the open under his real name (let's assume that Satoshi Nakamoto is the one). If he chose one side (say, Bitcoin Core as it seems to be his creation), the other side would still stick to their guns. If he assumed another personality and kept his incognito, no one would listen to him anyway. The only way he could actually change anything would be via creating an entirely new coin but given tight competition in the field, it is as unlikely. He would have just created another Bitcoin

Seems to me ~1 million unspent btc gives him a lot of leverage. At least so far he/they haven't wanted to use that leverage, but you never know.

the government will found and asked satoshi many questions if he/she show that he is the real satoshi because i am sure that the government will use their power to know everything about bitcoin and blockchain from the founder and they will do every ways to find out as much info as they can from satoshi itself.

I think today most of the big developers knows the full details about the bitcoins and its technology that is why they are giving suggestion of bitcoin hard fork, or segwit or another way. If not they wont be able to give any suggestions.

And could you explain what kind of leverage this amount of bitcoins gives him?

As to me, if he had 1M × 2000 = 2B dollars, he would have a lot more leverage and which would be more liquid at that. On the other hand, this amount of fiat is essentially dust and pocket money for most governments that may be interested in stopping or otherwise affecting Bitcoin (if ever). Therefore, on purely financial basis Satoshi would look pretty pale with his 1M BTC stash (it is rumored that some other dude has almost as many bitcoins, though I don't remember his moniker). Or maybe I just don't know or understand something, so you are welcome to explain what he could in fact do

Yes I will go against with what John said, because of the exposure of Satoshi he can have negotiations with the government and that is going to help the demand of bitcoin. We know what the government can do and if he is going to team up with any country that can boost the awareness of bitcoin and people will know that it's fine to use it.

Obviously this is unlikely but I can imagine several ways he could manipulate supply and price depending on his motivations. For example in the blocksize debate, lets say he didn't want the BU chain to succeed. He could dump the BU price into oblivion while using the proceeds to pump core chain price.  Or he could just make those intentions clear.  In absolute wealth he might not compare to governments but as a relative percentage of outstanding coins he is king.

I dont know if Satoshis identity would help or damage bitcoin, sure would be amazing to know what the creator thinks about the road bitcoin has already passed, and the future. But for other side i believe people would kidnap him to get his coins, as well countries should try to put him/her into jail, soo we had reached the current status without his identity soo i hope it remains forever this way.

Satoshi is way too smart to do that.

I think if he shows himself, there would be a lot of questioning about the bitcoin that he created. His background might affect the perception on bitcoin. Let's say he came from a group of hackers then it might lead for bitcoin to be useless.

I think it will not make a difference on bitcoin if satoshi expresses itself.

It would better if the real creator of bitcoin will be hiding for the rest of his life ,like what he do when he first introduce it to the world. If satoshi revealed his true identity it will make a large impact on the price of bitcoin.

Yeah. That might happen when Satoshi decides to make his/her own coin, with better features than Bitcoin and taking over its current issues. One perfect cryptocurrency might come at some point in the future, if Bitcoin keeps heading where it is in its scalability debate. But now, I think that everything would be fine, even if Bitcoin's original creator is just a mystery. Just sharing my thoughts.  ;D

Satoshi made a great tech but he is not some god or benevolent being with unimaginable intelligence, however so many people here treat him as such. If he came back he would get a huge cult following who would follow him to the ends of the earth.

If he still have control of his private keys he would also be able to crash the price of bitcoin at a moments notice or use his wealth plus his influence from his cult followers to bring bitcoin in any direction he wants whether that be good or bad.

Many persons would follow him, but I also think many persons would try to beat him, as he holds a huge amount of bitcoins and could affect bitcoin price. There are many kinds of bitcoiners and many of them won't render honors to Satoshi.
It's hard to say what would happen, it depends the influency Satoshi would have over the bitcoin community.

I don't think that a big impact will be experienced on the price if Satoshi reveals himself to the outer world. In reality he might have the source to get patent for the innovation. If it happens then this too will serve as a centralized network. So the popularity gets decline than growing. So it's good to be hidden.

Sure many will oppose him, but he will still have his cult following. Look no further than all debates about how bitcoin should develop with sayings like "this was satoshi's vision" and "this is what satoshi wanted" to argument whether a point is valid or not.

Will have no effect on the value of bitcoin, shatosi are very clever in hiding all this time so he will not find it.
Bitcoin can move forward to the present and has a value that increases from the previous year, it was all done by the developers and users of the bitcoin.
shatosi currently acts only as the creator of the bitcoin.

Well, I didn't think of that

But you should have kept this idea to yourself because the BU gang can now clone the blockchain and exclude Satoshi's coins from it (or block them somehow, I dunno), for example, under the pretext of more even distribution (for the sake of the so-called "wealth equality"). Indeed, that would likely take a lot of trust from them but if their primary aim is to hurt primary Bitcoin (which might well be the case), they wouldn't give a fuck anyway. If they don't in fact want that, they should still think twice what to do with his coins

He'll not reveal his ID forever, there's just a too much complicated upcoming problem he's going to face if he just simply reveals his true identity and such a bad and not wise move for someone who holds so many coins.
Well, someone even considers that satoshi already dead but who knows, every year, there's always someone claiming to be Satoshi Nakamoto but can't prove it.
Whether the impact which will affect bitcoin if satoshi reveals his identity is good or bad, it doesn't matter, the time will answer.

I think there will be a huge effect to the value of bitcoin if satoshi nakamoto will reveal himself as the real creator of bitcoin like showing his real face and real name then people who are doubting bitcoin will be more confident to invest their money and feel safe because there will be a transparent information for bitcoin.

Agree. I believe that there will be more confidence upon investors once Satoshi reveals himself giving positive results in Bitcoin's value. Still, there could be negative consequences which have been stated before so it would be a double edged sword for the pioneer cryptocurrency.

These days, Bitcoin has come up to new heights even if its original creator hasn't showed up its face to the public. While the scalability debate is still ongoing, it may all change soon as people start to migrate completely into alternatives which are faster and serve their purpose well for micropayments.

Maybe Satoshi could come to the rescue at this point, or perhaps it's too late. Just sharing my thoughts.  ;D

I guess it doesn't matter if satoshi reveal himself. Bitcoin will be still bitcoin however there are some consequence might happen just like it might affect on our online transaction, I mean if he reveal himself government will pursue him and make an negotiation and try to manipulate bitcoin and that will be a problem.

I don't think Satoshi can make something to change how bitcoin transaction works and manipulate the system of bitcoin, even if the government would really find who satoshi is it doesn't matter anymore, because each and everyone of us are the one that are taking control over bitcoin movement it is consist of multiple pool of people taking control over the course of bitcoin.

Yes. I've thought about the same thing as you, mate. It wouldn't worth it for Satoshi to reveal himself for the benefit of Bitcoin. I know that good things may come out if Satoshi reveals his true identity, but the negative ones overcome the positive ones.

It is up to this date since Bitcoin has performed well without its original creator, and I believe that it will continue to do so for years to come. The only thing needed to resolve is the scalability issue, but I guess the time will come for that to happen. Just my thoughts.  ;D

well it is now a low grade coin and the value of it is very low i think.
Well thats is my guess only what is yours?

Satoshi Nakamoto really knows what may happen if he let himself known,it will not let what bitcoin goals now to offers in end users or us user since every one might use him to benefit theirselves like the government and corrupt politicians, He is too smart to not allow anybody knew him to manipulate him.

Yeah. Satoshi wouldn't risk himself doing that, as it would endanger Bitcoin and the rest of the cryptocurrencies. He knows what to do at the right time, so we should be confident that his creation will last for years to come.

Maybe someday, we would be able to see him active in the community again, helping Bitcoin reach a resolution in its scalability issues. But in the meantime, it is safe to say that Bitcoin has gone all the way from 2009, until today becoming stronger each day, even without his creator around. Just my thoughts.  ;D

That is a big if, since satoshi does not seem to have any intention to reveal himself, however I don’t think anything is going to happen at all, the price and the development of bitcoin will continue as if nothing happened but depending on the status of bitcoin at the time it may be possible that satoshi could be prosecuted.

yeah me too. nothing big will happen if satoshi exist and show the world his true face. THe price of Bitcoin will not change at all and nothing will happen to the world we live.

Perhaps. While Satoshi won't make a difference in Bitcoin's underlying value, he would make it even better as he comes up with solutions to the pioneer cryptocurrency's current issues.

Everything about Bitcoin is perfect, but the lack of the community reaching consensus to scale Bitcoin is a huge problem for it, making it stale in the future. Unless Satoshi or another genius comes with a brilliant solution for Bitcoin, the pioneer cryptocurrency will decrease further in market share, as altcoins take the lead in processing every day transactions.

Nevertheless, if Satoshi is still alive, he would be very disappointed with Bitcoin's current issues, as his original vision was for it to scale to serve its purpose as a peer to peer electronic cash system. Just my opinion.  :)

Satoshi would never reveal himself because satoshi holds 1million bitcoin and it's value is equivalent to $2.5 billion dollars that's a lot of money if i were him i won't reveal myself to the world lol i can get killed easily because of bitcoin.

By that logic every billionaire should have already been killed. In reality rich people are well protected, and he could easily reveal himself and do a lot of things with that money both for personal pleasure and for his legacy. But in reality as soon as he reveals himself there would be a panic but he would probably promise not to release his coins so the price would stabilize again.

Satoshi not being revealing himself is a better choice to himself of course and to the entire Bitcoin community. Also choosing not to reveal yourself has its perks also like he don't need to waste his money hiring body guards to secure himself with those people having bad intents like what the rich people do. By this, he will not have too much restraints as whatever he will do and the Bitcoin community would stay as it is because the moment he will reveal himself, just like as you said, will promote panic which will greatly affect the Bitcoin itself.

Bitcoin will remain number 1 for a long time but it is impossible to avoid altcoins to take away some of the market share of bitcoin, since some of the coins are really good projects deserving attention, and also because there are so many coins that even if they only get a small investment, that is investment bitcoin is not going to get.

Bitcoin will always be Top digital currency. Satoshi is not revealed yet and bitcoin is doing great. If somehow Satoshi is revealed, it wont have much affect on bitcoin price and volume. No doubt Satoshi developed the bitcoins but he is not the owner of this.  Bitcoins are decentralized and those who have bitcoins are the real owners and no one can manipulate the prices and volume, not even Satoshi. ;D

He would ridicule us for not having larger blocks right now.

He might not even be alive anymore..

Bitcoin has way too high fees... What if those grow even more? You're sure BTC will stay the number 1?

We can not know what the future will be like. After satoshi expresses itself

Bitcoin should go to the price Satoshi is expecting for Bitcoins, if he ever reveals himself or already found.  ::)
But I don't get it why governments would put him into jail? He just introduced an experiment, a concept that became huge success and got started to be used as a mode of payment giving financial freedom to all the citizens of each and every country. Aren't we FREE to do anything? If we are, then I don't think Satoshi needs to get arrested, but instead should get rewarded for giving such a gift to the society.

Agree. Bitcoin will remain the number one cryptocurrency for years to come. It will be very difficult for another alternative to take the lead, since Bitcoin has a solid branding and principles, which most altcoins of the market lack of. But as you said, it would be inevitable for altcoins to increase their market share and decrease Bitcoin's dominance within the markets.

There are many alts with better features than Bitcoin, some of which have better transaction capacity than the pioneer cryptocurrency. The only thing is that no alt has managed to overcome Bitcoin's market cap ratings, but it may change in the future as the same is unpredictable, especially in the highly volatile world of cryptocurrencies. Just my opinion.  :)

One thing for sure that he won't be alive for much time :D.
All the persons who were suspected of being satoshi nakamoto are dead already and if someone got their hands on the code behind making of bitcoin it will be useless crypto.

It's a difference that makes the difference

People got suspected of being Satoshi Nakamoto after they had already passed away (e.g. Hal Finney who perished in 2014 or Dave Kleiman who died a year before). It would be really sinister and ominous if people started dying after having been suspected of being Bitcoin's creator. On the other hand, Craig Wright outright claims to be Satoshi himself (and for long time already) but he is still alive and kicking (at least, he was when I last heard of him)

While satoshi cannot any longer decide where bitcoin goes when it comes to the development process, you are very mistaken when you say satoshi has no influence, according to some estimates satoshi has more than a million bitcoins that is more than enough to give him a tremendous power to do as he pleases with bitcoin, if he wanted he could crash the price of bitcoin like nothing we have seen.

it wouldn't be making much of a difference, considering how satoshi remained incognito for this long, even him/her revealing hi(e)(m)self probably won't happen anytime soon, also considering how bitcoin is open, Satoshi doesn't have specific implications on it anyway. also it would be too much of a hassle for him/her too.


btw: I'm politically correct, Yay!

First of all, I'll be quite surprised, it's true that BTC is probably his masterpiece and if he announces himself he might be remembered in history if BTC did well, however the more real-world issues would be horrible. The media, being treated as a movie star in the bad sense of being surrounded by curious, scandal-waiting predators. The unwanted attention from governments, issues about asking him to find ways to counter TX's. Possibly even lawsuits.
Not to mention the mafia, someone with billions of dollars and normal security is a sitting duck.

Exactly. Even if Satoshi doesn't have the power to change things in the development side of Bitcoin, he could still determine Bitcoin's path if he ever decides to sell all his Bitcoins. If he does, then the pioneer cryptocurrency would be doomed as it massively declines in value within a short amount of time.

So, having a huge amount of the digital currency could have a great effect over its long term value, which at some point it wouldn't be ideal for Bitcoin's original creator to reveal himself.

Nevertheless, nowadays Bitcoin has performed well without its creator and I believe that it will continue to do so for years to come. No matter if we don't know who Satoshi is yet, he created something revolutionary that will change the world in every way possible. Just my opinion.  :)

If Satoshi reveal himself then we got a big news.  This news will increase Bitcoin exposure and popularity.  With this the price of bitcoin will be affected since it will be hyped by the news about Satoshi and we can see an increase of price.

I dont know about other governments but, as i can assume, DOnald Trump gonna invite him to a dinner and having a discussion on how btc can help USD to grow in comparison to currencies in term of values. cause, as far i have seen in my little life, USA and USD are always same to me. nothing good for us but everything is for them. ha ha ha

regards

if Satoshi reveals himself, that's the big news hear but the thing is i think it wouldn't have an effect on the bitcoin's price because in my own opinion, finding the who is Satoshi the founder is not a factor to the bitcoin's price although, Satoshi will be helpful to the development team. he can stop the scaling wars because he knows what to do with bitcoin he created it.

This may have a great possibility of happening, since most people would become filled with excitement when they finally discover Bitcoin's creator upon making his reveal to the public. I believe that prices would rise to new levels, but it may only be temporary, due to the hype that there would be in those days.

But other than that, nothing would change in Bitcoin unless Satoshi decides to dump his coins or cooperate with the community to reach a resolution in ending the scalability debate.

In the meantime, Bitcoin would continue to grow without Satoshi like it has done in all these years. It has finally grown into a fully independent project sustainable by its own users, while maintaining decentralization, all without the need of its original creator. Just my opinion.  :)