Bitcoin Forum

I wonder what would have happened to bitcoin if satoshi nakamoto was an American and come to think of it will all what we've been denied of in cryptocurrency world come to past already? I'm talking about ETF ,bakkt ,regulations ? If America was bitcoin birth home what would have happened by now? Just a thought

Nothing.

Bitcoin market is independent and it doesn't depending if satoshi really comes from Japan, America or any country. It depends on supply and demand so it won't really give that effect that you are thinking right now.

Are you thinking that each citizen of America will start investing to bitcoin if they find out that Satoshi Nakamoto's citizenship is US'? no. It won't do anything different.

Additional.

Although satoshi nakamoto found have citizenship America, if we talk about regulation, I think nothing will change. This of supposing.
Regulations that have been issued, to revoke them need a long discussion and mutual agreement. While the government has agreed to regulation it for the sake of keep sovereignty of the country's currency. So, I think, what for waste of time to long discussions just for the same thing.

I talk about supposing the bitcoin is use as a legitimate currency as a currency of exchange.

Look, the US is the dominating country in the world, many countries respect and follow what the US does, so if satoshi appeared and say that it is American, some countries would look at it as something good, but countries like Russia, China and others would see this is something created to destroy their countries. Maybe that's why satoshi is anonymous and nobody knows your nationality

The US and their friends wil support it 100% and their enemies will ban it, because they will fear some sinister plot from the US to rule the world. <He who controls the wealth, control the people>  ::)  

The SEC would have probably approved the first Bitcoin ETF already and the US government would have tried to control Satoshi and all the additions to the code. <They want full control over every aspect of protocol>

I am glad Satoshi left, because we would have had a government controlled experiment.  >:(

It seems to me that Bitcoin would officially be equal to the dollar, and thus it would have affected the fact that the dollar would become even more powerful as a currency

Bitcoin is not going to shut down until the last node is running so it does not matter who created bitcoin. It could be an american or a japaneses or an aliens all are same.

It's the miners who is keeping the bitcoin alive.

Even bitcoin will birth in America it will still the same where it is decentralized and anonymity. But, until now we do not know who is Satoshi Nakamoto and we also do not know where he live. If ever bitcoin will birth in America there is nothing to do with ETF, bakkt and regulations.

I think that Bitcoin would simply be destroyed if the Americans were at the helm because it is extremely unprofitable for them

It it comes from America, all of the countries using crypto might have been invaded already.  :D Not really. But if the creator of blockchain and bitcoin had been known, it would have been patented and it may not be the king of crypto but other else. Exchanges might be government sponsored and we may be using other distributed ledger technology for our altcoins.

Bitcoin is global, every country acts differently to it. Regardless of where
bitcoin was created we would still be where we are now.

And also we would be in this position even if Satoshi was known. Bitcoin
is much bigger than 1 single person.

It will not surface in the world.
They love secrets, so they will use it on their own benefit.

It will never be introduced to other countries nor advertised. They will first learn on how to benefit on it rather than others digging into what they have discovered. Yeah, that is America.
Check out "i love you virus" and what happened to the people behind it. You will learn what America does when they see a genius.

I don't think if there's some changes happent about bitcoin if satoshi nakamoto was an american, maybe american people will be proud about that, but the decisions of ETF will be remind.

Its Just a hype regarding satoshi nakamoto like who is he where he's from? This development doesn't require anyone it requires only supply and demand no one has control for this even the founder well that's the beauty of this technology.

of course, but in the legality it might not be there and in my opinion when talking about prices it will have an impact on prices, where this news will be a fundamental increase for bitcoin

The United States already has its own policy with bitcoin.
Try explain to me, where does it come from bitcoin will destroyed if satoshi nakamoto found to have citizenship United States?
I need a more detail explain to understand your logic.

You should know, satoshi nakamoto not a leader bitcoin. Please distinguished the leader with the inventor.
The leader is someone who lead his army / control his army.
Bitcoin is independent, not controlled by any party, even satoshi nakamoto can't control it.

A big "NO"!

First, America wont really create such thing like "Bitcoin". They love on anything to be controlled and creating a thing would be fully contrary on what they do like and with that alone even just presuming
on this matter is already making impossible situations.

Bitcoin can't have a nation. Is like trying to give a nation to internet. These kinds of global technologies get adopted by countries and each country decides what rules apply to it. As you can see internet have different rules and laws in each country (North Korea only allow a local network internet), and the same applies with bitcoin, some countries will allow it, others will block it, and others will try to take advantage from it.

America may be the birthplace of Bitcoin, but it will not be able to control it. Currently, the ETF votes depend on SEC, but I realize that this is not really desperate. We can see this is an opportunity for all of us because Bitcoin really has a huge impact.

You are hinting that the nationality of Satoshi has an influence in their adoption
I see that it is otherwise
It's more complicated, we're talking about a real revolution in the financial system
And the economy as a whole
My dear,the table will turn over all the old systems.

There is no difference who created Bitcoin and where, most importantly, what kind of harm or benefit this technology can bring.

Same thing will happen because no one knows the real place where satoshi lives, maybe his friends of what but its not out in the market and still we are on the right place without knowing that. ETF and BAKKT will approve soon, and the market will pump again let’s wait for that and stop stressing yourself for any conclusion.

I really don't think so. In legal aspect there will be a positive impact but it doesn't mean that there will be a big impact to the whole side of bitcoin. An example would be the tax acceptance through crypto, did we get an increase after that?

No. The aspect of knowing if satoshi is an American doesn't really will give any effect to the market. And let's be real here and there's no way to figure out if he's an American citizen.

even though satoshi nakamoto is widely known by the people, the name of bitcoin will still be a bitcoin and the possibility that changes is the price, the price will probably have a very fast price movement and even price manipulation will occur because satoshi nakamoto is known to many people.

I know your point about the country but nothing to do with it, as long as people are using it to gained profit there will no stopping or against in it, money is there and we know the world now how it works. People are greedy and not contented in one only.

No one knows exactly who Satoshi Nakamoto really is. Maybe it's American or Japanese but I think that would be the essence has not changed. If we talk about the fact that the Us government created Bitcoin, I can say that its development and growth may not have been so aggressive as about bitcoin knew immediately millions of people, but when it was created about bitcoin knew units and it smoothly began its development.

Which is interesting because internet was born in USA, as a military project to keep data communications going in case of nuclear warfare. But its decentralized design made possible later for everyone to join and nobody to control, at least for the most part.

What north Korea has is not internet, its a single state network, not interconnected to anything. They do have people copying content they approve from the real internet hosted on their servers, but that's about it.

Bitcoin is decentralized, and that's what makes it strong. No single point of failure ensures no entity can easily shut it down.

And speaking of other interesting US developed projects, Tor was (is?) an US Navy project. There is also NSA's Selinux, among many other things. As long as it is free open source, where everyone can audit it to ensure it doesn't do hidden stuff on your back, its welcome. Yes, even if something was truly developed in North Korea (which so far I don't know of anything interesting shared to the world, aside from a leaked redhat/centos clone) it would be useful to everyone.

bitcoin doesn't have a "birth home" and that is the whole point of it. in fact one of the reasons why the creator of bitcoin is "unknown" and is using a pseudonym is exactly that. it helps with preventing any kind of centralization in bitcoin and the idea behind it.
bitcoin is a decentralized system and to do that it needs to be global without any "birth home" and it will never have.

so what if it had, then it could have become centralized and be worthless like many centralized altcoins out there.

Yes sir, it's true if Bitcoin comes from an American country, maybe Bitcoin will be controlled by them, but at this time Bitcoin stands alone without anyone controlling it. Where do you think Satoshi Nakamoto came from ?

bitcoin will be destroyed if the center is shaken up by problems, America holds the most bitcoin, if America has a problem, surely all of them will be affected ..

You made 2 assumptions OP. One is that we would know the identity of Satoshi and the other that he would be an American. If we wouldn't know anything about him and only that he is some anonymous US citizen, or better that he was one at the time of writing the white paper, it wouldn't mean anything. Maybe only those who think the CIA made BItcoin would be given more facts to speculate on. If we knew his identity it could change many things. For instance, people would try to dig in his life to discredit him as a man and with it tarnish the image of Bitcoin.

I'm not bothered of who Satoshi is but I'm more concern about how powerful he is, what if he dumps his holdings which can be catastrophic and dig deep the markets. Well if it happens that he is an American then sorry but America still can't control the global market due to decentralized system. Let us realize that even without hype Bakkt and ETF's, Bitcoin and crypto is here to stay doomed to grow.

i have been in this same line of thought before but most times we think aloud and that also calls for contribution. i have considered the need for technological innovation to be pioneered from world powers and also the impact and effect it will create when such happens. i am surely believing that Satoshi Nakamoto is nothing else but an American.

I don't think that's important, because until now Satoshi Nakamoto is not really showing himself, while those who claim it are just looking for sensations. it has been more than 10 years that bitcoin has been traded but no one really claims and proves that it is satoshi nakamoto.

i dont think that it will changes anything right now, we can see that right now the bitcoin is affected by people, user of bitcoin, demand of bitcoin, market changes, so we dont think about creator of bitcoin will affect bitcoin and anything else

I agree with that it doesn't matter anymore if Satoshi was an American or any citezenship. People nowadays are smart enough and have matured enough not to be influence by shallow thinking of citezenship.

Nothing would change.
Even if the BTC was born in America, India or Russia.
Cryptocurrency is a product of the Internet. And the Internet has no borders like a countrys. It seems to me that the BTC appeared where it should and could appear. And nothing else.
We can talk about this for hours. But it was happened. And we can not change it now.

Things might be different than what it is now. Once the history change everything could possibly change. But pretty sure the concept of decentralized will not be change. No government can control the assets and marker capitalization of every crypto. There are more things to be considered and to look at the possibilities of what if.....

Fully agree with this statement.
Taking it a stop further, I think we would see decline in price in Satoshi came forward as an American citizen.
There would be much speculation about why he had been in hiding for this long, as why he was not around to help with his input during all these forks.
The price of BTC and other cryptos has taken such a bad hit that I doubt if he was a real person, it wouldnt matter where he was from.

well, maybe it won't have any effect. I think, the thing that really affects that is when the SEC has received bitcoin, of course it will make it go up. things like where bitcoin comes from I don't think it will change anything now, because what really makes bitcoin valuable is the function, and the needs of people.

I think their wont be much affect about which country he is from, but the market will react on  what will be his view about his past when he will be questioned about it. As it will reveal the real reason behind it and it may be good or bad for Cryptocurrency market.

Yes, citizenship of Satoshi Nakamoto won't really affect anything even with those Bitcoin ETF proposals or anything related to crypto that everyone assumes it will be a reason for its price to increase, it just can't.

If citizenship of Satoshi will be known, I guess it will be a pride for American's but it doesn't have something to do with the price anymore.

No, not really, we don't know but IMHO there would really no effect at all.

Lol yeah. I won't care. Actually i wouldn't even have thought about that aspect had this thread not shown up lol. And there's really no reason why people should care as well since doesn't affect bitcoin's functions.

Yes, Satoshi Nakamoto was really detect to be an American citizen the bitcoin  ETF and bakkt would have been implemented by now. However, the crypto and ICOs regulations which was talk of the town would have be in favor of every cryptoneirs. Besides, this is one of the reason why Ripple supported by alot of private companies and Banks. But, unfortunately, no one really know the genuine identity of Satoshi.

No matter what nationality has Satsohi he has made somthing global ,international so he could be sitizen of America,France and etc ,it wouldnt change anything, Bitcoin is somthing new and main reason Gov. dont want to use it, they dont understand how to do that as it will change everything in the world,we will have other world,another economy...

I dont think thats make effect. I think its about banking system that dont accept bitcoin or cryptocurrency. I am believe soon or later, bitcoin will traded in ETF and approved by SEC. Its good investment and alternative investment after stocks market etc.

it will not affect bitcoin in any aspect, the fact that satoshi nakamoto from America does not change all the bitcoin systems that have been formed. even though he is the creator, he cannot take full control and monopolize bitcoin. Today Bitcoin is held by the entire community in a decentralized manner, and until the future will remain like that.

It won't affect anything, if the bitcoin is not supported by the government and the central bank then nothing will change, but if it birth in that place and being supported then we will see a huge difference because US is a strong country with a lot of international transactions , this can boost the usage of crypto, and maybe bitcoin could be the alternative of the transaction currency

That can actually be one aspect of this whole story we have to think about. This is one reason why Bitcoin is actually not labeled as belonging to one country and definitely not marketed as an american invention because supposed enemies of America can be reacting negatively if it were. In fact, I have read some articles akin to conspiracy theories that Bitcoin was made and being utilized by the American elites to destroy the global order and made things pro-USA...which is of course not true that is why stories like that do not gain traction in the marketplace.

What is the difference where bitcoin appeared? ???
I believe that only the present matters. If now Satoshi Nakomoto appears abruptly, declares itself to the world or makes some sensational appeal, then it will definitely just blow up the entire cryptosphere (in a good way). But honestly, I don't think that this will ever happen.
Not all people want to enjoy their fame. Many are on the contrary hiding from it.

We don't know whether satoshi is a Japanese or not. This name might be chosen as a nickname by an American, a Chinese or a South Korean. If he/she was an American, Americans would find him/her more sympathetic and we saw a merely difference on bitcoin. When it came to American officials, we wouldn't have another story.

It will never change a bit if ever Satoshi Nakamoto is an American. The thing is, bitcoin will be bitcoin as cryptocurrency. And Satoshi will be just a citizen of America. He will never change the decisions made by the US. Instead, I think it will be better if satoshi make it the way as it is as anonymous.

They say the name satoahi nakamoto is not a single person but its only a code name  . i read a lot of statements that say satoshi was came from the u.s  but how can it be possibele when the name satoshi nakamoto sounds like a japanese/chineese/korea and alike  . oh well , whatever his/thier race or nationality is ,  that cant change the current state of bitcoin anymore  .   bitcoin will still be a global currency because its not tied to a single country  

possibility can still occur. we can see that America always wants to dominate the world in everything, including controlling the world through currency. all can be true if cryptocurrency is a secret product of the United States. then the business world will always submit to America.

In my opinion, I think nothing will be changed, because the nationality of the proponent or the founder of bitcoin will not affect the value or the movement of other cryptocurrency. Bitcoin is decentralized, even if it is born on america or other country, I think nothing will be changed.

Some people think that if Nakamoto's real identity will reveal it will help bitcoin to recover as this will build more trust from the people. But that heck won't going to happen, bitcoin is fully decentralized hence it we don't care, as long as bitcoin is here to stay and will give us profit then Nakamoto's identity wouldn't be a big deal.
Whoever Nakamoto is, hiding its real identity is on a purpose.

For me, it doesn't really matter where Satoshi Nakamoto came from, obviously he has created Bitcoin / Cryptocurrency as the digital currency for the future of all people around the world, thank you (Satoshi Nakamoto) even though he still exists or no longer exists, I think he's humanthe best for now in the world of cryptocurrency.bitcoin remains prosperous and has developed over time.

i think want satoshi nakamoto to live in america or japan it makes no difference because bitcoin is not bound by any law. because bitcoin can be traded freely and safely. besides, the popularity of bitcoin also depends on the concept and also demand from the community

Nationality of Satoshi is not so important when it comes to Bitcoin itself but if he only just reveal himself to the world then maybe the country where he originated will started to mass adopt Bitcoin because his countrymen will be so proud of what he did, there are so many 'what if's', what if the government take advantage of his knowledge or any other rich people isolated him for self gain but one thing is for sure, he's alive and well.

I hope that he spend his Bitcoin balance to his own wallet so that it'll circulate in the network  ;D and when this happens the cryptocurrency world will surely shaken to the legend's move.

To start with, We do not know which country satoshi belongs to and then america wont truly make such thing like bitcoin. They adore on anything to be controlled and making a thing would be completely opposite on what they do like and with that by itself even simply taking advantage of this issue is as of now making incomprehensible circumstances.

Same thing if satoshi is a russian or chinese it's enemy, probably US, will ban it and same thing to it's allies.

And I would say that bitcoin will not reach to that point, if people/community knows how the government connects to satoshi and bitcoin.

I think the anonymity of Satoshi gives bitcoin more of a perception of being decentralized, so I think it's more of a plus than minus that he remains anonymous. I think he'd agree that the technology speaks for itself as to its meaning and use cases. The delays in institutionalizing bitcoin are simply a byproduct of Wall Street and the government lagging in their tech knowledge.

with the status of the United States of America, when it comes to world affairs, other countries tends to have respects and regards for the united states, they view the USA as a role model, in the same vein, if Satoshi Nakamoto was to be from the USA, the bitcoin will have gained more adoption than it already has.

This question makes me think that bitcoin doesn't really have a decentralized system. OP thinks that by making bitcoin by satoshi then satoshi will affect everything about bitcoin and even he can change it into a centralized system. But bitcoin is not like that, bitcoin will still have a decentralized system even though satoshi is truly an American, he will not change anything and will not give a limit to some economically competing countries.

I think there's nothing effect and no need to worry either satoshi nakamoto is amirican or what is real citizenship? Satoshi is the creator of bitcoin but after they introduce to the public bitcoin after few years it now strong and popular useful potential as new money and almost adopt by so many countries.

But that's not what happen dude, and if ever happen I think it would be the same for the situation we have it now. '
Aside from it, lots of people for sure all around the world will get attract to use it too, I guess. And it doesn't matter who satoshi nakamoto is, just what more important now was the founder and creator of bitcoin helped a lot of people nowadays.

To the Op, if America is the birth place for bitcoin surely there won't be anything different from now, the entire network might be in the hands of those corporate heads. As if now the identity is still unknown, and we can prioritize the innovation than the creator who is always in the minds.

We need regulation for bitcoin and altcoin become legal transaction in the world and will have big effect for cryptocurrency have higher price next time, but now many country still not allowed bitcoin become legal transaction.

What if the gaming community became the most demanded environment in the future where newbies and experienced players tried to seek the most and the best online gaming environment exist in the cyberworld to earn money and enjoy playing to fullfill their desire and satisfaction.

It would have been same the way it would have been now because I don't think there would have been any difference in what it is right now the mass adoption would have only worked if Donald Trump himself would have made it a part of the existing government influenced tokens.
It doesn't depend on who made it ,what matters is that it was made , by the way I have read somewhere it was a team of Indians.
Since it's not known ; the identity of Satoshi Nakamato it is indirectly helping us , putting covers on all of what ifs.

Nothing would have happened.Just those countries that are in bad relations with the US would be more cautious about bitcoin.On the other hand, what difference does it make who created bitcoin,even an American,even a Chinese-the main thing is that bitcoin is already used in almost every corner of the world.