Bitcoin Forum

Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.

1. Nothing
2. Nothing
3. I think recent adopters wont care. I think early adopters would be the ones that care the most.

The price would probably pump, because the fear of some guy having 1 million coins would not be there again. Some are worried that whoever satoshi is goes insane and dumps 1 million coins into the market and whatnot. But then again, his coins could be stolen.. so I think it would change nothing. It may be a non event, then again markets can act irrational so who knows. I don't think long term it would change anything.

Satoshi who? He doesn't care at all.. Bitbitbitbit...coin will go to the moon i perhaps.. :D

But.. if he/she really being deceased, i'll bet people will kill for bitcoin.. :D

This is a strange question. The heads of huge corporations are constantly dying and their work continues to live, there is nothing strange about this. If Satoshi was real, then his death did not change anything, bitcoin was still developing. He is not the only one working on this so that his death means so much.

If Satoshi Nakamoto is dead, the Bitcoin Technology will still continue. The Bitcoin price will still depend on the demand and supply in the market. I think we will feel a little bit sad because it is late that we knew him when he is already dead and we didn't have the chance for the opportunity he had given us.

Bitcoin is already owned by investors so it will not affect anything if its inventors like sathosi nakamoto die, thanks for finding a profitable digital money.
This may be bad news but will not impact anything with bitcoin value.

Actually he may be already dead, according to some theories about his identity (see in another thread of today).

Anyway, it has not impact on Bitcoin or the community.

It should come as little surprise that this news wouldn't elicit any kind of response from the majority of Bitcoin users. Those closest to Nakamoto, perhaps, would feel some sadness, those who've always known privately wouldn't anyway be open to displaying their responses.

The only information this confirmation would help confirm is if his death also meant the certain loss of 1 million Bitcoin, in which case the max cap would have been reduced by almost 5%.

I think either Satoshi is already dead or if he/she dies he/she will take it with them in their grave. I don't think we will ever see satoshi again. But if that scenario that OP described does happen I don't think that would affect bitcoin in a negative way. Instead it the solved mystery would be all over the news and that would only attract new people to bitcoin. But I'm pretty positive that won't happen.

Even if he/she is dead,it will have no affect to the current system
I think it's like how the past inventor treated,people only interested about the story rather than the person itself
People who like doing business is not that sentimental

But in a way, hes already dead. Did the technology became stagnant? No it's getting better and better. Did the price go down? No, its still growing.

How would the community feel? The community wont feel anything. Everything is all about the price of BTC now.

Is it true that satoshi nakamoto is dead ?? Still a question mark who gets the legacy 1 million BTC, it's just a person's revelation about satoshi nakamoto..

1. Bitcoin technology doesn't belong to Satoshi any more. So - same old.
2. Satoshi could destroy Bitcoin with one click of his mouse if he decides to sell his Bitcoin stash. Oh wait he is dead....
3. Who cares? Everyone is in this for the money.

1. The technology was handed to the people, so he/she/they have zero influence. So nothing will change, if he is dead.

2. The price will skyrocket if people can verify this, but then we must know that nobody else has access to the private keys to his/her/their coins.

3. I cannot comment on how the community will feel, but I will be sad. I always thought Satoshi would come forward, somewhere in the future.

* Some people think Hal Finney was Satoshi and he is dead.  :(  { Died: 28 August 2014 }

It would be the single best thing which could happen to the Bitcoin. We must accept the fact that bitcoin has grown so big that even if Satoshi is alive and disclosing himself with the valid proof then there will be threats to his life and possible pressure from the government authorities to compromise the security, privacy of the bitcoin so I believe if he is dead then it would be a good sign for the bitcoin and my opinion doesn't mean that I am happy, I deeply respect this genius and wish a long healthy life for him (and want him to remain under cover forever).

Oh satoshi that guy .... i dont know about that guy but im pretty sure bitcoin will still contineu. And he is old

Yeah right, if Satoshi Nakamoto died bitcoin will continue. As we know bitcoin is decentralized and does not depend on trusting major publishers. So if Satoshi Nakamoto is dead bitcoin will not change, because the development of bitcoin is on the user. And how can we know that Satoshi Nakamoto has died if we still do not know who and what he really is. But I'm sure if it happens bitcoin users will be sad because as you say, we know him when he died. We can only remember him and thank him for creating this incredible technology.

If Satoshi is dead, he will become a symbol or even a legend with time

But he is likely already a legend, and even more so if no one finds out about him. Though this is unlikely, there should be folks who know for certain who is the guy behind this name, and they will make a clean breast sooner or later (when their time comes). Regarding the questions in the OP, Bitcoin technology is not tied to just one person (in other words, there's no single point of failure), so everything will go on as per usual. The market sentiment can be confused, though. On the one hand, his coins would be essentially left for dead, which would mean the fears of them being dumped will vanish over time (provided there were any, in the first place, of course), while on the other, the markets may feel somewhat depressed and some folks may choose to dump their coins (but not many, anyway). The community won't be quite happy, obviously. I guess the majorly would prefer if Satoshi remained incognito till the end of days (or at least, till the end of Bitcoin)

Unless he bequeath his bitcoin to his relatives and those relatives start dumping their bitcoin, satoshi dying will have no effect to bitcoin and its price. Everything is already in order. There are devs taking care of development. He may have started it but he already left bitcoin in good hands.

Deceased or not, I am not sure that will change anything for bitcoin. Bitcoin is here already at large and there is already more to it than satoshi himself. Devs are doing their jobs on the technology whether satoshi is with them or not, the price is apparently determined by the market and I am sure no one will because of that start pulling out, and the community may not really care. Will I care? No! I'd probably just wish him safe trip outa this world and probably if he can give me part of his coins though!

Nothing will happened I think in number 1 and 2.  But on the other hand people will be surely saddened if it is true that Satoshi is already dead.  If it wll be aired on tv, then perhaps many people will be curious about it and a great demand for bitcoin will happen.  

still alive  ;D ;D ;D ;D

He already did his job and made a lot of people profit from it.
I guess after that people wont care much. As long as they are having a benefit from what he had done and it wont affect the market even if he dies then it would be nothing for them.
It will be just like another unknown person for them died.
I dont think it wont bring much chaos with the crypto world.

Are you lot stupid?

Ever heard of Wills, inheritance, etc?

Satoshi would have left it to his children and they will start selling to buy flashy homes and cars. The children may not realised their dad invented Bitcoin. They will come on here and see the ungrateful fuckwits making negatives comments and go "fuck you you ungrateful twats" and dump 5000 BTC per week.

Now that would be fun ;D ;D ;D

I think even she/he is dead bitcoin will still continue like it used to be.
And she/he already left his/her legacy, which is Bitcoin.
But, I, too, curious about the price.
And about the community feel, we surely will lost and missed our legend.

I am replying this without reading others comment because he already lef project and kept it as open source and also bitcoin is not having any owners

You have a few questions to answer before your post can make some sense. First, you should prove that Satoshi is a real person, dead or alive, and not some group of researchers (or an obscure government agency like the NSA). Further, if he is (was) a real human, you should then prove then he has (had) children at all. Besides that, the next thing you would have to prove is whether he actually went for "wills, inheritance, etc" as you innocently assume. Just in case, I myself don't have to prove anything since I didn't challenge or question anything in my post

Don't know about stupid, but your comment looks more like a remark made by a clown

Great clickbait title ;D

That being said, it's probably for the best of this community and himself that Satoshi died, or pretended to be dead (which would be the ideal, because obviously nobody wishes anyone's death). People would finally leave him alone. Bitcoin technology would remain, the price would go haywire with heavy swings for a few days and the community would eventually stop mocking him and saying he's be the solution to each and every problem.

We don't know who he/she/they were. How would we know if he/she/they die?

If satoshi nakamoto will found by government one day. If he is still alive,I think it will be no influence in the bitcoin technology and maybe this technology will updated by him in the future. The price will still increase like usual. and about community, for sure they will feel too good, when they find that nakamoto satoshis is still alive. In other side, If he found died. I think this is does not affect bitcoin technology, The price may decrease! and people will feel bad for this news of course.

The only issue I could see with this, is that if someone in his will was able to get a hold of all the Bitcoins that he supposedly has and then used them to just simply liquidate them for the will itself, that'd lead to some insane problems due to the amount of coins and amount of money those would all be worth. Gosh, that'd be a price drop if anyone has ever seen one. But, I'd have to agree with you on the fact that it would end the rumors and it would show that the currency can live without its founder or leader without any issue in the least, we could move on as a decentralized group and be fine. Still, wonderful man and I hope he lives till he's old.

I think nothing would happen if a day we discover that Satoshi is dead. Bitcoin is now already running since "long time" that such thing will have no effect, at least in the long run. Maybe for a week or two, we will see all the bla bla bla on the news, wich may impact the value/volume but after this the stones will continue  rolling. The same will be if a day we see Satoshi comes back. Whereever he is, I hope he is going good

key to key got lost in somekind of weed cloud lol
so its secure like fort knox i once read the hagakure by Yamamoto Tsunetomo
bye now

What would happen to the tech? Um, nothing? Obviously.

The price? It'd go up. The private keys with possibly hundreds of thousands of bitcoins are now useless.

The community would probably have some sort of big ceremony/memorial to honour their life.

What about if satoshi was a group of people? Would all of them be dead?

This is not set in stone

Even if we assume the worst case scenario when someone dumps that amount of bitcoins instantly, that would likely eat up all liquidity and swallow the whole orderbook at a given exchange for a brief period of time, but what will it change in the end? Someone else will just buy up all these bitcoins very cheap for likely a few million dollars, and he who manages to buy most of them will turn a billionaire in just a few days when the price massively rebounds. As I see it, there will be a long-long queue of wealthy folks wanting Satoshi's bitcoins cheap

Since Satoshi isn't in any  way controlling Bitcoin or influencing it, I think there would be no reaction. Maybe a small dump by market manipulators that hope to cause panic among clueless investors and buy low. I wouldn't care if he's dead or not, why would you?
To know that he's dead we'd first have to know his identity. This would be a more breaking news than his death.

Unfortunately for you, I have just read an article where it claimed that the creator of bitcoin who claimed to be Satoshi with all analogies and events analysis died in 2013 but nothing happen to bitcoin if truly he had been the one who created bitcoin. What we have witnessed is even a sporadic increase in the price of bitcoin from 2013 till date. So bitcoin has been able to grow without relying fully on Satoshi and that is what has make it worthwhile and will remain so even if we learn of the real Satoshi.

It's a theoretical question. I stated this. You do understand what theoretical means??

There's a possibility he is alive and just having fun seeing his brain child attaining unprecedented heights across the globe! Does it make sense to kill the goose that lays the golden egg, that should be the question? What exactly does he stand to gain by dumping the market with his 1 million Bitcoin, does he need to be tutored about the huge potentials of Bitcoin? A mastermind of Bitcoin and blockchain technology is unlikely to settle for less, not after 8 years and the positive outlook of things.

At any rate, Bitcoin has moved on and Satoshi would impact it less dead or alive. In the event of sell of the million Bitcoin, it would jolt the market no doubt for a while, but sooner than later, the market will absorb all that and start yearning for more.

Why is this clickbait allowed? Mods should be able to edit title to be more appropriate rather than allow this type of nonsense "What if" stuff, combined with an absolutely false title. Anyways, to answer the question nothing would happen because we don't know who he/she is as it is, so dying would change nothing, actually.

What a clickbait.

It would be a sad day if a genius like nakamoto was discovered and subsequently declared deceased.

It shouldn't affect the price though. The beauty of the blockchain is that one person, even the founder or founding group, doesn't make or break the technology.
 
At the same time, what if something happened to Vitalik, heaven forbid, but if it did, would that spell the doom of ethereum and etc takes over?

Clearly your retardedness you failed to read the fucking thread. Here's a fuckin summary for the dum dums like yourself: WHAT WOUKD HAPPEN TO THE 3 QUESTIONS PROPOSED IF THE SUBJECT TITLE WAS REPORTED??

Cognitive reasoned thinking was not that hard really now as it? FFS

If that 1 million coin is gone forever, the price of bitcoin will rise at least 5% as Satoshi owns 5% of all the coins.

1. Bitcoin technology would be replaced by a turing complete platform.

2. The price of bitcoin would pump for awhile then suddenly dump.

3. The community wouldn't believe the reveal unless he signed a transaction with his private key to confirm that it was he who actually died.

Right?  It would kinda be like it is developing right now.

i thought this is a real news. well my opinion :

1. Technology will be developed by the community, bitcoin can grow without satoshi.

2.The price would be up because amount that satoshi hold will never move since he is dead.

3. I personally would be sad because of he is my hero, don't know what the community feel.

The point is there's nothing would happen to the bitcoin when satoshi revealed and found dead, either the price or development. Wait,  satoshi could be the group of people.

There is nothing that can change the bitcoin protocol because Satoshi Nakamoto is good as dead for a very long time and he has done anything for the past five years to improve the technology ,so i do not see any specific changes and it wont affect the price either unless and until the coins stored by him starts moving and sometimes there will be panic in the market whether the owner of the private key is going to dump the coins,either way it will be a temporary hold up.

I don't think there's going to be an effect if this kind of news comes out,we are ok without him for a long time,everything has been taken care of and he has no influence now in the current bitcoin market,but of course we must honor the great genius for creating Bitcoin technology but apart from that there's nothing to worry about.

Nothing will be downgraded and instead of being affected from the inventor's death, this is now set automatically to move forward.


Price is affected because of the supply and demand and I guess this is not going to be a reason for a dip.


Including me who hopes that he will show himself in the future will be sad.

Mind linking the thread? This forum has grown so large that it is hard to just find a topic even if it was posted the same day if it doesn't have 5+ pages heh.

Thanks :)

Also, my opinion - no impact unless his coins start moving.

At this point in Bitcoin's growth the market wouldn't be affected at all. Most of the new money coming into cryptocurrency is ignorant as to who Satoshi Nakamoto is.

I want at least 20 Bitcoins of his coins, lets think about how to spend 1 million coins of Satoshi, if miners be the man they are then it should be easy, I mean wtf man those coins could change hundreds of lives for ever and for good but instead they are taking dust on the shelf of Bitcoin, I even heard theymos's hairs turned white overnight after watching CIA operatives brutally killed our great founder.
1 minute of silence in loving memory of SN. cry cry and then maybe a lol.

wow clickbait much?

21 would be a gud target to hodl.

You do understand what 'BREAKING NEWS' means, don't you?

Op should have not used that term really. It connotes something real and urgent. But from the OP this is just a theoretical situation and is likened to satire already.

Anyway, if properly phrased and asked to me, I would say life goes on. Do you think the world collapsed when the inventor of paper money died? I don't think so.

Nothing will happen to the technology or the price, some people from the community may feel sad, but not many of them either as no one actually knows him or knew him. People who knew him would definitely be sad, but that is like every other person on the planet.

i also doubt he is real lol , i think he must be richest man by now because bitcoin is a frickin huge success so theres no way he is not received any shared profit , but yeah never saw him on internet and IRL  probably he is thinking what hes doing back then  ;D

Looking at things critically, Bitcoin was not an afterthought and so seeing things from the point of view of someone who delved into "anonymity," chances are high that Satoshi lives and obviously wealthy. These things were designed to be like this not be accident, just so that Bitcoin no longer would be Satoshi's thing but that of the community.

Mhm we've all seen articles saying Hal Finney was Satoshi. 1 problem though, there's no actual proof. It's all heresay. He was Satoshi's #1 guy, his right hand man, he even received the FIRST bitcoin transaction, but that doesn't mean he was Satoshi. It means he was the genesis block +1. If you see their conversations it would be pretty dumb of Satoshi to just try and explain things to someone that's brand new to bitcoin rather than just being like "hey since you're me obviously you know what's up so here's some bitcoins self. thanks self."

First you will have to find satoshi and that has not been easy at all despite the fact that any reporter worth something has probably tried to investigate something about him, but about your question not much is going to happen to bitcoin technology and its price if he died, however the community will be very sad about his departure, he is to bitcoin what Steve Jobs is to apple.

1. Bitcoin Technology - still on continous development and I think bitcoin enthusiasts (or at least Satoshis group have successors) will not waste what Satoshi/s did to the world of crypto and will make bitcoin more better.

2. Price of Bitcoin - probably rose since more support will come as support for what Satshi/s did.

3. Feel sad but at the same time they are now more eager to support bitcoin.

I don't think it would affect bitcoin adversely. Bitcoin is like a revolution and it doesn't matter much who started it, it's already begun and nothing can stop it. The fact whether Satoshi is dead or alive wouldn't change anything about bitcoin drastically neither bitcoin technology, nor it's price nor even the bitcoin community.

Damn I wish we had something more interesting to talk about. I was getting kind of excited that someone might have finally ID'd him and just found out that he had died. Not that I wish he had died, but you know.

1. Bitcoin technology would remain unchanged and keep going in the way it has since Satoshi is likely not still involved in any kind of development.

2. Might go down slightly but I doubt there would be that much of a change. Might increase it since we know that Satoshi's coins are now effectively bricked and unavailable.

3. Community who is involved beyond just money would probably be relatively sad about the death of Satoshi but I don't think that it would have a massive impact, unless people want to get hung up on it.

The same conditions that will prevail if he's revealed dead is currently what is surrounding Bitcoin so I don't think there will be any major impact because we've already assumed he's no more or he's never going to get revealed and Bitcoin is soaring so the same thing will go on as today even if he's/they're found dead.

This is not about Hal Finney

Hal Finney died in 2014, while the poster you replied to evidently refers to Dave Kleiman who actually died in 2013 and with whom Craig Wright, the Impostor, was fairly acquainted with (I don't know if they were real friends). That's likely the reason why Craig Wright is pretending to be Satoshi since if Dave Kleiman really was Satoshi, Craig could know some facts about Bitcoin that no one else knew (but he doesn't have the keys, obviously). Ironically, the Wikipeadia page about Satoshi Nakamoto mentioned 4 different people as possible candidates to be the real Satoshi (incliding Hal Finney and Craig Wright himself) but it doesn't mention Dave Kleiman, which remains kind of dark horse

The title is misleading its readers. It is as if an article or something claimed that Satoshi Nakamoto is dead.

Anyhow,
1. Regardless if the developer died, the technology will stay since the technology has already been made and being used by the people. Just like the past inventions (anything that you can think of) they still exist or improved today.

2. Satoshi does not dictate the price of Bitcoin. If ever that it is made public that Satoshi is dead, it is probable that the price of Bitcoin will sharply increase because of the publicity and curiosity of people towards the legacy of Satoshi.

3. This is obvious. The community will feel sad because of the unfortunate happening but then happy because Satoshi leaved us his legacy that would someday change the world to the better.

This will not affect anything against bitcoin, but they will definitely seek and find the richness of bitcoin owned by satoshi, because someone will be kayaraya karanaraya heritage, bitcoin in large quantities. Who is not tempted? And this case will probably boost the high price of bitcoin

One we already assume Satoshi is dead with the supply of Bitcoins never being touched
Until proven otherwise so that will not change.
I would be sad that I never met the man or woman or group/entity that was Satoshi Nakamoto in reality but appreciate all the good work they had done.
For all I know Satoshi had a terminal illness and hence decided to leave in a sad curtain a legacy with his remaining time.

What's the fixation on Satoshi anyway ? Who cares what he is doing. He is having fun enjoying life. Leave him to it. I don't think it will effect anything why would it ? Do you think people will all of s sudden stop buying and using bitcoins ? No ! Never !

Noone will ever know who he was and noone ever will. He will never reveal himself he has no need. He disappeared and gave himself a pat on the back for being the great person he is and one if the best minds to ever live.

I and all the community here is very grateful to Satoshi for inventing this marvelous technology and allowing anyone to take part in it. It will not change anything to Bitcoin if Satoshi is dead or not, we would still continue using bitcoin as usual. I don't like to think Satoshi is dead, I prefer to think he is enjoying life in some beautiful place.

I really hope this man lives a long and healthy life and away from everyone's eye. If his identity comes in reality, all the enforcement agencies will try to get hold of him and he will stay behind bars for no reason. However, to answer your question, there will be no impact in bitcoin price or technology. It will remain same.

However, few people will feel sad that the best innovator of our times has died but market will show no impact for sure. Bitcoin community is 43 billion strong and it's not easy to shake.

Maybe nothing will really happen because we all know that no one controls bitcoin but remember that it is always news/community driven thats why i'm sure a big news like this

will still have a significant effect on bitcoin. it will either go dump or pump but if it dumped, you have nothing to worry about as the chances are it will be a short time only, it will

go to its normal price again.

People always love a good story, and the story of genius inventing something that changed the world it is attractive as it is, when you add the fact we do not know who he is, then everything becomes even more attractive to many, every time there is a great discovery or invention people want to know who was the person to created that, in our case we are never going to know and that makes it all even more magical, at least to me it does.

The fixation is not only his genius but also the 1+ million BTC sitting in his own personal wallet. Wondering whether or not these coins will being moving one day.

Folks, please spreading fud and scammy news about someone who you really don't know who he is. You don't even know satoshi exists.

I effin hate clickbait.  There is nothing that points to the fact that the guy is dead.

Being this a theoretical thread, I theorize that:

1. Bitcoin technology would not be affected

2. The price of a Bitcoin would only significantly vary if the guy had left a will demanding all his Bitcoins be dumped on the market ASAP

3. The community would only be devastated in case of 2. , otherwise they might shed a tear and then quickly get on with their life.

There is literally nothing that could happen if it is the case as it not revolved around a single individual like the rest of the coins,but if the real satoshi was there for the project even now then his voice does carry some weight age when it comes to the scaling debate.

Bitcoin technology would not be affected. It would still continue at a successful rate. The price would not really be affected. Supply and demand are not affected at all and thus the price would continue on its trend. The community would probably react with sorrow. After all, the creator of Bitcoin just died. But the fact that he/she/they had stayed anonymous for this long, whilst Bitcoin developed by itself, would probably decrease the emotional impact on the community. No one other than the early developers would have known Satoshi. I would expect them to be affected the most.

To cut a long story short, Bitcoin would not be affected...much.

If Satoshi Nakamoto died, this absolutely does not change anything in terms of the development and existence of the crypto currency. He played his role by creating a crypto-currency system. After that, since 2008, the digital currency is developing without its visible participation. This can happen in the future.

Nothing will happen if SN will be dead, bitcoin itself is going to grow itself and thanks to SN.


It will not be affected as bitcoin is depending to supply and demand.


We are going to be in a deep sadness as I want to say thanks to him.

We still are pretty much clueless about who is Satoshi Nakamoto and it has not affected us so far. I don't think it'll make any difference even then.

1. Nothing at all is going to happen to blockchain tech. Things will go on as they are.
2. Speculative price movement might increase if her/his identity is found out.
3. The world would want to thank him for his great invention.

1. Blockchain is here to stay, bitcoin or no bitcoin.

2. The price might fluctuate.

3. The community's yearning for knowing who Nakamoto is will finally cease. Many would express their gratitude for bitcoin.

1. Bitcoin tech will not be affected in any way whatsoever unless Nakamoto's left some blueprints of improvements to the tech.

2. Bitcoin might get volatile while the buzz remains.

3. The community would be sad. They'll probably erect a road or a tower or a memorial in his name.

Is this a plot for a novel or something?

Nothing will change about bitcoin tech. The price might go crazily up for some time. The world will be sad.

If Satoshi Nakamoto is dead the bitcoin will continue to spread, there is no effect in bitcoin and it will continue to grow. I think the price is become stable and profitable. Even if he dead the people will increase to invest in bitcoin and it become popular all over the country. There is no change to the bitcoin will continue to spread and it in demand to the people. We should not worry and continue believing in bitcoin.

Satoshi does not even revealed hs self ,so we don't know if that news were legit, no matter what his invention will still continue and still many adapts it, thanks to him for making such wonderful masterpiece that benefited us all.

It is true so there is no way we could know that he was dead or not because we do not even know if he really exist.  Whether he exist or not or dead or alive, the thing is his legacy will continue as he is such a brilliant man who gives everyone an opportunity to earn.  His creation was so wonderful that everyone can earn as long as they have access to computers.  We may not know him or if his name is real but until Bitcoin is around Satoshi exist and alive.