Bitcoin Forum

How does Satoshi's anonymity affect the trust of users and investors in the Bitcoin network? Can this anonymity be considered an asset or a drawback for the legitimacy of the cryptocurrency?

Definitely an asset.

In this sector any kind of public facing developer is a liability. Honestly I'm not even sure whether Bitcoin and the other cryptocurrencies in its footsteps would have ever taken off the way they did if it were publicly known who satoshi really is. It is the only way how Bitcoin could ever be truly owned by the public.

Look at how successful Bitcoin is today, along with its investors--that’s all because Satoshi stayed anonymous. If Satoshi wasn't, things could've turned out very differently, with other cryptos possibly giving Bitcoin a serious competition. I can’t predict the future, but I really believe Bitcoin's success is tied to Satoshi staying in the shadows.

And honestly, that’s what most forum members are saying too, Satoshi should stay anonymous.

If you’re interested in reading what others have to say, or maybe even sharing your own thoughts, take some time to check out this thread.

What is your message to the real Satoshi? (https://bitcointalk.org/index.php?topic=5513753.msg64650194#msg64650194)

The anonymity is not a draw back at all. Satoshi remain anonymous because he wants people to know that they are Satoshi if they they have impact in the development and progress of bitcoin. Also he wants bitcoin to be more similar to assets like gold and others because no man created them. I am not saying bitcoin is not different from gold but I hope you understand what I mean.

Knowing that Satoshi's wallet has not been assessed for a long time gives the confidence that he didn't create Bitcoin just to become rich. His anonymity also proves he wants the system to be truly decentralised. Trusting a system that runs smoothly without the identity of the creator is better because a known inventor can easily influence the product. So Satoshi's facelessness is an asset to Bitcoin.

I think it's obvious that it's an asset or become an asset. People become curious and so it contributed to the popularity of Bitcoin in the last 10 years or so.

And with that, it become so legitimate that the price keeps on reaching new all time high every 4 years. There was even a infamous person who lay claim to be Satoshi, but obviously he was fake.

To add to the mystery, even HBO produces it's own documentary and identified another person, but we all know that is not Satoshi.

It is a plus, not a most important thing for value of Bitcoin. Because if Satoshi Nakamoto is still alive, and his or their identity is known, what will governments globally can do with Satoshi Nakamoto?

Almost nothing. They can not request Satoshi Nakamoto to halt Bitcoin blockchain, or make a network 51% attack, whatsoever. If you understand it, you will no longer be fearful about stories of Satoshi Nakamoto.

If there is anything like an assset or drawback, it's for Bitcoin, not cryptocurrency. Bitcoin is Bitcoin, as it is itself. Cryptocurrency is about altcoins, shitcoins, meme tokens, and personally I don't put them at a same level and importance of Bitcoin.

And they didn’t even care about the criticism over the documentary because it doesn’t really make the community happy. Every time there’s news or a documentary hinting at the "revelation of Satoshi," it always ends up disappointing. The whole point is just to hype people up to watch it, but it never actually reveals anything real. I mean, no one really knows who Satoshi is, and all these documentaries do is tease without delivering any real answers.

If it was a drawback, it wouldn't remain as of this time. It's one of the mysteries of why Bitcoin succeeds. If it's known that he held a million supply of Bitcoin and then they're revealed, no one would trust the project, and no one will stick to Bitcoin.

But that added flavor to Bitcoin from its infancy up to this point. Their identity not being revealed has given decentralization and trust from the people. Yes, Bitcoin is all about trust by the community and the value of it relies on that.

First time in history I guess or one of if there are other existing to have this trustless project that has grown in value and it's an asset. to be considered.

Have you seen what happened to mixer/wallet devs? Satoshi would end up in jail if he ever revealed his identity to the public. Even if he wasn’t sentenced to prison, his life would be in danger. He was wise to stay anonymous. He preferred to live a silent/modest life.

People who want flash, chicas, lambos and shiet don’t fly straight. If you want to last long in the world of finance, you gotta learn to fly straight, lay low. Only a noob would buy a lambo with his newly acquired wealth.

Only Satoshi has the best answer. I think all members of this forum are thinking based on the value and development of Bitcoin so they can give various opinions. I agree about security for him and of course for the development of Bitcoin. I imagine that if he is found out then there will be many relationships that will continue to put pressure on him. The state, the media, the community, even people as criminals. I think let him be unknown, not look like an angel who continues to be able to see the development of Bitcoin. IMO

Users and investors of bitcoin understand the importance of privacy and anonymity Moreover I think they appreciate that Satoshi is anonymous because it strengthens the image of decentralization. I mean even if Satoshi wasn’t anonymous, bitcoin will still be decentralized but the fact that no one quite literally knows who is bitcoin’s creator prevents bitcoin from being attacked through Satoshi.
Like I said we bitcoin users value privacy over anything else

Maybe it does prevent bitcoin from being truly recognized by all forms of government but I wouldn’t want to give up my privacy and anonymity just so the government can recognize bitcoin

Satoshi would have been in an underground prison right now, if he or they were not anonymous. Bitcoin project would have been long dead, buried and forgotten if he or they were not anonymous. This forum would have been confiscated by the authorities or archived, if he or they were not anonymous. El Salvador would still be a shadow of its former self, if he or they were not anonymous. These are all my assumptions which I know are most probably what would have happened. It is because he or they are anonymous that is which we trust the bitcoin network. We have checked it out, there is no one in the person of Satoshi lording over the network. And it grants greater credence to its legitimacy.

Nah! there's nothing like that, Buddy put aside the identity of Satoshi what about the Bitcoin isn't its doing good enough, What are your expectations, A person did something good and the users are not worried about what he did for them they want to know who he is ? isn't its silly on a simple node.

There can be many reasons behind this and as its not disclosed by himself you and me and many others are gonna put their own perspectives on his that action. Ahhh I don't know what am i writing now. In simple there's nothing special it can be as simple as I'm writing this post.

I don't think the disappearance of satoshi have anything to do with bitcoin I think he has already played is part as the inventor and this is like one of the best projects especially in finance. And even without is presence, people still choose to give investing in bitcoin a chance because the anomity makes it more interesting I know exactly what you are talking about the legitimacy and bitcoin have gone pass trying to make people trust the investment.

A lot of people would have been wondering why satoshi decided to make him self unknown to people maybe for is own safety and by now I think a lot of people would have gone pass all this and don't be surprised that satoshi might even be among us nobody can really tell, their moght be other reasons why he does not want to disclose his identity. I know a lot of people who will want to make their self open to the world just because of how they will want people to acknowledge them for this amazing innovation.

And we can not tell if is still alive or what ever reason will be best know to him so leaving things this way will be better, for the sake of everything we are thinking, is not important we should focus on how to make our investment better.

Not an asset nor a drawback, it's nothing.

Satoshi and Bitcoin are two different thing, even Satoshi is the one who created Bitcoin, but he has no way to control Bitcoin. He can influence the market if he moved his 1 Million of Bitcoin, but if it just his identity is revealed publicly, it doesn't affect the demand and supply.

That's why I said, either Satoshi identity is keep anonymous or leaked, we don't need to worry.

Lol! what trust you are talking about? Do you realise that Bitcoin is a the largest cryptocurrency in the market with a market cap of 67 billion USD?

Satoshi's anonymity is a huge asset for the Bitcoin network which precisely shows its benefits. So we don't need Satoshi to share his/their identity at all. Bitcoin is doing great without his identity and I am sure that it will continue to do great.

I consider this a positive thing, so asset. If we look at the second biggest Crypto currency Ethereum, we know the owner and if he tweets something bearish, I am definitely sure the price of Ethereum will suffer. So there's an extra factor in there that will manipulate the price which is missing from Bitcoin, I am very thankful for satoshi to go anonymous. We all know so many people afterwards wanted everyone to think of them satoshi but failed.

Thank you for your insight!

I agree that Satoshi's anonymity is a key asset. It prevents any single individual from influencing Bitcoin, preserving its decentralized nature. If Satoshi were known, it could undermine the idea of community ownership.

What are your thoughts on how this anonymity might affect Bitcoin’s future?

I firmly believe that Satoshi (whether it be a single person or a group of people) had planned to never reveal their identity form the very beginning.  It only makes sense if you think about it.  In order for bitcoin to be the currency of the people, they needed it to not have a central figure behind everything.  By not having a main person, or CEO or whatever you'd want to call it, it helped prove that this is a decentralized currency not controlled by any one person.

Something is usually what you make of it, and while the anonymity of the founder of Bitcoin does not matter, to some other people, they have made it their argument and the reason why they would never trust Bitcoin. The truth about it is that their opinion or how they perceive the anonymity of the founder of Bitcoin does not affect the value that Bitcoin has and does not stop other people from benefiting from it, so based on their perspective, it has become their loss.

The anonymity that the founder of Bitcoin has is an asset because if the identity was known long ago, the government would have had someone to point at to blame, and maybe that would have affected the growth that Bitcoin has had.

Great point!

I agree that Satoshi's anonymity was intentional. It reinforces Bitcoin's decentralized nature and shows it’s a currency for the people, free from any central control.

How do you think this affects public perception as Bitcoin becomes more mainstream?

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Great point!

Satoshi's anonymity can be a drawback for some, but it doesn't affect Bitcoin's value. If their identity were known, it could lead to government scrutiny, hindering Bitcoin's growth. Anonymity is definitely an asset for decentralization.

What do you think this means for Bitcoin's future?

I think it's neither an asset nor a drawback: it doesn't matter to anybody now.

I personally believe there are only two plausible reasons Satoshi is still anonymous: either he is a dead (or imprisoned), or Bitcoin was a project built by the CIA/NSA. There's no other reason I can think of that somebody would let $60 billion just sit there.

We should ask ourselves if anything would be different if his identity would be known? He would just have big target on his back, because of large sum of BTC he owns.

He do not have any power over Bitcoin protocol, so he could be just influencer.

Take for example Ethereum, we all know Vitalik Buterin. Is Ethereum any different for us because we know who it's founder is? Is it really important?

Interesting perspective!

While some may see Satoshi's anonymity as irrelevant, it does shape perceptions of Bitcoin's independence. Your theories about Satoshi's identity are intriguing.

How do you think Bitcoin would be affected if Satoshi's identity were revealed?

The question is, would Satoshi Nakamoto still remain a free man if he didn't hide his identity? Considering the way most governments of the world are strongly against Bitcoin, Satoshi would have bowed to pressure or even be forced to disclose what he alone knows about his invention 'Bitcoin". I see no reason why people are concerned about Satoshi's identity, his/their absence have not been disadvantageous to Bitcoin in any way, rather it has given everyone the opportunity to work hard to secure the network in a decentralized way and this has made us gain more trust and confidence in Bitcoin.

I consider Satoshi's anonymity an asset. Yea, Bitcoin has been able to gain lots of support because everyone is anonymously involved too. The government can't stop it because no single person is incharge.

You raise valid points!

It’s true that knowing Satoshi's identity might not change much, and it could even make him a target due to the BTC he holds. Like you said, Satoshi has no control over Bitcoin now, similar to how Vitalik Buterin doesn't influence Ethereum's fundamental structure.

Ultimately, it seems the technology and community matter more than the founder's identity.

Do you have any source for that information? These claims seem pretty far fetched to me and I would like to see more evidence that support your claims. I believe that is also true for most people on this forum.

Also is there any reason why would Satoshi want to reveal his identity on Valentine's day?

It is an asset and a very big one for that matter. Satoshi’s anonymity can seriously be the reason why we are still having bitcoin alive and kicking. His anonymity is very crucial to the development of bitcoin and bitcoin will only be alive till today for that reason. Satoshi has everything about bitcoin that can cause havoc to the system and the way it’s operating now. Government having access to those things can make them do somethings on bitcoin development which could be a major setback for its development. Let him continue to be anonymous, we don’t need to know him before we’ll embrace and share this technology.


He’s actually making a lot of claims that are far fetched from the actual fact of what we know about Satoshi or any news related to disclosing himself. It was making all sense but when he said 31st October is another time he might show himself, I didn’t take him any serious about all he had even said earlier about him revealing himself.

Dead: It would make no difference whatsoever. I suspect most people realistically assume he is dead.

CIA/NSA: No difference to the market price, at least in the short term. For most consumer investors of Bitcoin these days, Bitcoin is just an entry on their investment portfolio with the name, "Bitcoin". It's no different than any other meme investment, and the only thing that matters is the price going up or down.

In the long run, some of the "mythology" behind Bitcoin would be affected. A lot of people believe a lot of untrue things about Bitcoin (viz. that it's hackproof, fully decentralized, etc.), and while the revelation of Bitcoin being created by the US government as a law enforcement mechanism (aka a honeypot) would not directly dispute those technical things, it would make a lot of true believers more open minded for the first time, and many would see Bitcoin more rationally, which would probably diminish it's value overall since these true believers no doubt are at least some component of Bitcoin's price support.

In other words, with Satoshi being unknown, Bitcoin zealots are free to assert, "Satoshi made Bitcoin to abolish world governments" or something like that, and while that is not technically true, they say it all of the time anyhow. Any revelation like this would make it impossible to make silly assertions like this (although I suppose for some anything is possible :)).

If Satoshi identity is reveal today, it is going to interest alot of government to have him because of many reasons.
The good side to the government:
-The 1M Bitcoin on his wallet that has been untouched.
-The idea that came about Bitcoin and they will want to have him by their side so they can take control of Bitcoin.
-They will want to control him so they can control Bitcoin, if they have access to that 1M, they can control Bitcoin price and how they want it to move.

The bad side to Bitcoin community.
-Bitcoin will become too centralized
-There will be fear in the market and possible dump of old Bitcoin wallet addresses.

There is nothing useful of Satoshi coming back because Bitcoin isn't for him one person again, it's now a public thing and there is nothing useful of him coming to declare himself. There is absolutely no use of his announcement to Bitcoin growth.

If we would really be trying out to assume that Satoshi's Identity had already been known then we wont really be seeing its price to be look like this on where it is really now. The primary enemy that would really be trying out to suppress out Bitcoin would be the government itself and on where they would really be focusing into? Of course into its creator or the one who invent it. We do know that government doesnt really like on getting
behind or into the things that they couldnt be able to control on which it will really be normal that they will be trying out to make issues or trying out to control the brain of such project. It is really that indeed
true that we wont really be seeing this current market or position of Bitcoin if Satoshi was known in the first place. Hiding up in the shadows was really that indeed a wise decision made by him.

We've seen that there are tons of Faketoshi on which trying out to have those kind of claims that they are Satoshi but ending up on being a clown. hahaha

Because the concept has been imprinted since the beginning and Satoshi did not want to take risks on his privacy, especially bitcoin is like now where a lot of people hail him.

He is a figure who I think is full of consideration because he does not want to let everyone pry personal things from Satoshi so that the concept of bitcoin with anonymous users is always maintained to this day.
On the other hand, it is precisely with anonymity like this that makes bitcoin more unique and it is not uncommon that not a few people have the view that with the anonymity that bitcoin has, it is actually an advantage for them because they do not have to feel bothered in maintaining assets owned by mixing up personal lives that make a lot of interest in this bitcoin.

It could have been considered a setback or drawbacks if his anonymity had made Bitcoin not to experience growth and popularity but it didn't, which means that you can say his anonymity is an asset or a good thing for the development of the technology.

I don't think his anonymity still can affect the user's trust in the Bitcoin network, he won't be like any other whale just wake up and move all of his 1.1 million BTC into another account to sell them. Even if he plans to sell the BTC he is holding I doubt the market will make big dumps. Besides worrying about how much he sell, I don't think his public existence will affect the market and why would it.

It's not like he will be public and governments can ask him to stop BTC blockchain and force him to access any backdoor to control the network or to make it more centralized. If there would be any way then the big companies won't be investing millions of dollars into Bitcoin core dev team or other open source projects just to make BTC more centralized. They would be going after the backdoor by themselves, but TBH there is none so I don't really care his anonymity being removed can cause any type of harm.

The fact that Satoshi is unknown is what gives bitcoin is present value and trust from investors, because most cryptocurrency investors already know the risk that is involved in cryptocurrency investment and for the record, most of the coins that have existed the market which flamed the panic and fear in the cryptocurrency market are all those that have a well known developer's and if you check very well, the direct involvement of those developers have caused those coin to crashed through either exit scam or other causes.


So why shouldn't we see that Satoshi absent is a way to deviate and stay away from bitcoin network involvement and other unforseen circumstances and conditions that could have affected bitcoin in a negative way by now, the concern could have been if Satoshi wallet which holds a large amount of bitcoin is active but his presence not, that could have been a threat.

Looking at bitcoin growth till date you’ll definitely understand why staying anonymous is important, we can all witness rumors about Satoshi identity and it has been a major topic as most people will feel the revealing of satoshi’s identity will create market growth or low market. Bitcoin growth is not only attached with Satoshi anonymity but talking about trust we all know bitcoin is a reliable investment choice and it gives people the free will to hold bitcoin also if Satoshi should reveal their identity they’re only making things look worse since investors in general feel comfortable holding bitcoin without a doubt.

While a lot of bitcoin investors have already reach its success, the big factor of it is the fact that Satoshi remain anonymous all throughout. Otherwise, if he chose to remain in the spotlight and claim his successful innovation, I don't think bitcoin will be this life changing and valuable. So with that, I can say that Satoshi anonymity is certainly a big asset for bitcoin, and that all that we have today, we should always be grateful for Satoshi's staying anonymous all the time.

There's one thing though I thought about when watching the HBO thing a few weeks ago: We're in a bit of a limbo because the the "satoshi bitcoins" haven't been burned. It's a bit of Damocles' sword hanging above us.

I can understand why some people say "wait, this satoshi guy has 1.1M BTC (ill informed, I know) so this is just a ruse for him to get rich" and many people don't trust the system because those 1.1M are still out there waiting to be moved.

I think for Bitcoiners this is not a big issue, but for people looking into the platform is indeed an issue.

I think most likely satoshi is sadly not among us anymore in either two ways

* he simply passed away
* he did the almost impossible and got a new life after Bitcoin (meaning, that he turned away from the project and hasn't come back, possibly deleting all Bitcoin related data he had and deleted his keys as well)

But we'll never know. I think it's OK to not know, but as I said above, persons who are interested in Bitcoin will stumble about the unresolved issues with his coins and may be taken aback, thus hindering adoption.

that's just my 2sats anyway. :-)

Satoshi is anonymous and no one knows who Satoshi is and that's truly a good thing for the community and for Bitcoin. Satoshi knew that Bitcoin get attention of many people and that's the reason he/she/they left the forum and disappeared and somehow left Bitcoin for community, and that's the best thing for the community. Even if now Satoshi reappears and breaks the anonymity, Bitcoin will still remain unaffected I believe.

How would governments control Bitcoin if they had Satoshi? Satoshi created bitcoin but can he control it? In my opinion he cannot control or make any changes to bitcoin without the consensus of all the developers. Unlike ETH or any altcoin, Bitcoin is not dependent on its creator and that is what makes it unique.

Owning 1 million bitcoins will not give someone control over the price of bitcoin. Controlling the price of bitcoin is not that difficult for the government because they have a lot of money and they can do whatever they want.  But they don't because they don't care about bitcoin as much as we think.

Definitely it is an asset for me, and also if Satoshi doesn't want to reveal himself, I don't think it matters because we all benefit from what he did, and also no one
knows the reason why didn't he let me know who he was.

And because of what he did, I really admired him because it shows that his real desire is to help everyone around the world with financial problems and I also think that he is not an arrogant person to claim that he is the one who created bitcoin. he is that kind of person, his only help is really.

Good thing for the part that officials don't have any clue on how they can control it. Being anonymous somehow make the creator safe so I guess it will be good if the current status will remain since for sure that Satoshi is doing fine if he/she's still alive at current date. Bitcoin growth is inevitable and for sure that knowing his presence might disturb the current growth happen to bitcoin since provably there  would be some entities would create an issue if Satoshi Identity will be revealed. Although we just speculate on that matter but I really think bitcoin is good right now so there's no need to disturb the creator and let him decide to disappear without a trace since this is what he want to happen for longest time.

I do think Satoshi's anonymity is solely based on a fact that he/she or they knew that if Bitcoin becomes a success then they would be in a hell of a trouble, I mean imagine been they highest holder of Bitcoin and a controller of such entity,.  then trust me the earth wouldn't be a safe place for Satoshi

15 years have passed and we still don't know who he is, is there still a hype about him or anyone really cares or expect that he will appear one day? I don't think so. At this point, I think that he is most likely dead and for that reason, he will never appear.
Even if we imagine that he is alive, is there any benefit for him to appear? If he appears, the whole world will talk about him for a long time, governments will fill lawsuits or will request his extradition in the worst case but in the best case, he will have to hire bodyguards and won't be able to freely walk in the street and should always be in fear of something bad.
By the way, this anonymity is an asset, it makes Bitcoin even more decentralized because we don't know the owner, he doesn't appear, so at the moment, there doesn't exist any central power.

Hype? We can see how much hype there is for him and his identity. Movies and documentaries are being created in his name, what else would you call hype? The world might not expect him to appear, but they surely care about this thing in particular even if they don't care about him and his safety.


He wouldn't hide his identity in the first place if he had the wish to come out to the public eventually. He knew what he is doing, and he did it probably because he anticipated the future and the consequences of him having his identity publicly revealed.


Not necessarily. His revealing his identity wouldn't have any difference in the decentralization of Bitcoin but it will surely be life-threatening for himself. So he shouldn't and wouldn't do it at all.

I doubt it:

So, if Satoshi recommended to "never delete a wallet", then I guess he still have access to his keys, if he is alive.

There is no proof, that Satoshi=Patoshi. And I think those two miners could be different, for example because of some mismatches. If you compare the Genesis Block with Patoshi blocks, then there are differences, which you can see, if you try to re-mine those blocks.

With the anonymity owned by Satoshi, of course it becomes a very important foundation for the progress and also the trust of bitcoin investors. Because with the anonymity of Satoshi, investors become calmer to keep holding bitcoin for a longer period of time. Because if for example Satoshi was not anonymous, I think there would be many parties who would take advantage of Satoshi for personal gain and maybe that would have a big impact on bitcoin. That is why until now Satoshi chose to disappear rather than appear on the surface. Because Satoshi must have known, if for example he did not keep his identity a secret, he would definitely be used by others. In addition, I am sure, if for example Satoshi did not keep his identity a secret, maybe bitcoin would not be as famous as it is today. Because basically Satoshi's anonymity is a special attraction for investors. Then besides that if for example Satoshi did not keep his identity a secret, the decentralized system applied to bitcoin would certainly not be perfect. Because if only Satoshi was not anonymous, many people would think that Satoshi could take liquidity from bitcoin. But now it has been proven, with Satoshi's anonymity, now Bitcoin investors feel safe because until now Satoshi continues to keep his identity secret and does not appear in public. So it is clear that Satoshi's anonymity is a very valuable asset for the progress of bitcoin.

The anonymity is considered an asset of course and already you can see how vast Bitcoin is growing and besides it adds no value to any investor knowing the creator of Bitcoin in person when you have seen the legitmacy of what you are investing on, however even if had made himself known to everyone, the trust users and investors have on Bitcoin would have still be same as what is currently now, however with a strong digital currency as Bitcoin being anonymous is even the best because nobody knows who you are, so actually Satoshi is a wise man and knows the reason why he remain anonymous.

Incredibly an asset, if I knew who he was, then I would have doubts about it based on their personality. Imagine Satoshi was known and said blabbering stupid stuff on twitter all day everyday, the price of bitcoin would crash to bottom very quickly.

The fact that he is not known and we have no idea what their personality or belief or ideas are, means we are not going to have any type of mockery around bitcoin anyhow. They can't attack bitcoin via satoshi's ideas nor words neither, so people who are against bitcoin hate because satoshi is being anonymous, yeah they would rather see who satoshi is, and while bitcoin is decentralized, still would attack bitcoin because of "what kind of guy created it" and this is why satoshi opted to be hidden is a big big asset IMO. Not even questioning why and how, we are definitely seeing a big chance here and definitely should consider how this would not be something that could impact us any badly. Just be happy he hides himself so well.

At first people where frightened that Satoshi could sell the highest amount of bitcoin in his holding/possession and dump bitcoin due to his anonymity but after 15 years of bitcoin existence, people find out that their thoughts turns out to be misleeding, that they now know the importance of Satoshi anonymity. Satoshi anonymity help people to trust more on bitcoin because it prove the true nature of decentralization. If Satoshi was around people would have seen it as a centralised financial system because he may be forced by government to do some things against his wish there by decentralization may never be possible. But since everything works without him but in blockchain, that makes it even more interesting.
 
Satoshi anonymity can be considered asset and not drawback or setback. Because the real definition of decentralization is a process of a financial system to works without a centralised entity but works in a public Ledger where everyone is vounarable to see it. So Satoshi anonymity is a definition of decentralization.

Satoshi's anonymity gave investors a sense of security because they were assured that what Satoshi was trying to achieve was a decentralized transaction network that was free from intervention and secure - meaning that when he was not on the network, investors felt confident that he would not manipulate the network or suddenly access his wallet and empty it all. It also directly gave full rights to the consensus and miners to run the network, and made everyone feel that the Bitcoin network was not controlled by just Satoshi, but by everyone on the network.

The reason is obvious as to why Satoshi hasn't and wouldn't ever reveal their identity, that is if Satoshi is still alive. Even if Satoshi cannot control the network if they become known, they can 'influence' people's decision about BTC, i.e. if Satoshi was still a part of the network, if they moved some of their coins for spending, just as everyone of us does, people would react to it and it could make them move theirs too.

Satoshi didn't want that or any sort of influence on the network, they wanted it to be truly decentralized and we should appreciate them for that, it is not easy to create something as great as BTC and deny yourself the glory and praise.

An asset for sure and I've said it in countless threads. The CEO of a company can always be targeted. Can be sued, blackmailed, connected with things that can destroy his reputation.
Even if they're not against the law in his country, they can be against the law somewhere else. You know it's impossible to make everyone happy, right?

There's also an important part of bitcoin being considered a commodity not security. Satoshi being the first miner could be treated like the issuer and propagator of bitcoin. Now, since he's anonymous, there's no such problem.

If Satoshi reveal itself, if what use is it going to do to you and Bitcoin? Don't you see the drama and episodes we are seeing everyday from other coins that has teams and many disagreements? First, you need to understand that Bitcoin isn't a person thing, it's for the community and if Satoshi reveal its identity, it doesn't change anything again because he can't do anything at this point unless he might want to sell the Bitcoin that is assumed to be on his wallet.

Bitcoin is all.about privacy protection while sending value and that is what Satoshi has demonstrated for everyone, he is not coming out that is if he is still alive and I'm sure that if he really wanted to come out to public, he would have done so many years ago when there a lot of controversy about people claiming to be him, that due or group of people will remain anonymous for life. So forget the idea.

Yes, that's absolutely true and I agree to all what you just said above 100%, because for Bitcoin been a decentralized digital currency to have been really worth it, it's creator Satoshi Nakamoto needed to show an example, which is why he had to hide himself from the general public, to avoid government's influence on the price value or ecosystem of Bitcoin and it's entire Blockchain network. So Satoshi's disappearance was not a win win for both the currency's market impact and value and his personal safety. So it's best Satoshi never reveals himself, despite we have seen many movie studios trying to create videos to unveil his true identity.

They are just bluffing, they don't have more info about Satoshi than you and i, and we obviously do not know who Satoshi is, they only make claims like this to promote their service and attract more subscribers to it. It is similar to all the Faketoshi's we have had over the years, seeking attention with lies and deceit, it is just a waste of time because true bitcoiners never believe such stories.

You simply need to check any bitcoin chart and you can get an idea: did bitcoin go down or up since 2009? If Satoshi's anonymity was considered somehow a problem we wouldn't be here witnessing ATH after ATH, don't you think? And I think it's quite the opposite, if we knew who Satoshi is (or was) probably bitcoin wouldn't be as trusted as it is today by the community.

If Satoshi Nakamoto reveal his identity then the government may be looking for him for creating Bitcoin. That's what I think why satoshi didn't reveal his identity and being anonymous also makes those people who owns or invest in Bitcoin also satoshi Nakamoto. I think it will stay like that even though some group of people saying they know the identity of Satoshi Nakamoto when we know that they don't have evidence to prove it.

If it's a new project and the developers are unknown, there's a big chance that many will say that it's a scam, but not with Bitcoin.
The only anonymous is the creator, but the developers behind it are known in public.

As for why Satoshi doesn't reveal his/her/their identity, the main reason is for security purposes. Imagine what will the people do if for some unknown reasons, Satoshi revealed his/her/their identity in public and moved those 1M Bitcoins that Satoshi is holding. With how harsh people can be just to have those assets, they might end up kidnapping Satoshi or worse, even killing. I know it's too much, but people can do anything right now. It's good that Satoshi's identity remain unknown and let's just stay it that way. :)

Most of the time, the anonimity of the developers is considered a drawback for the legitimacy of the project, but there are some projects out there (altcoin) that despite the developers being unknown, there are still people who are supporting the project, and one of them is PEPE.

The way bitcoin grew and became one of the biggest assets in the world is literally the proof we need about why this is a great thing, and I believe that should be more than enough, we can't really say anything further about this. I understand we may not approach this any differently, but we need to realize how this could be very good for all of us and this is why we need to say it's an asset.

If the anonymity didn't increase the price and everyone doubted what's going to happen then we could have maybe said this wasn't a good thing, but at the same time we are looking at it and seeing nothing wrong and this is why we can say it's a great thing without a doubt. If we trust bitcoin then we are going to be fine about it and I believe bitcoin has a great future ahead of it as well, we are not stopping the growth neither and keep growing. As long as we keep doing this, eventually bitcoin will become the biggest asset in the world and that proves something.

It's best for his own good, really.
I would say it's rather a pro, than a con, because who knows what would happen to the guy while the world knows what he got and knows himself. It would be a bad life for him from that moment on.

It has become a common phenomenon in crypto, about the anonymity of the developers of a coin such as the PEPE memecoin which in the end became a memecoin that is quite successful to this day.

Bitcoin is the same, and it's not about the developers but the technology that makes these coins survive, especially Bitcoin which makes the digital currency transaction civilization more advanced and decentralized.

But looking further, anonymity is also a dangerous place because many coins end up being rugs, and they just disappear.
I follow some altcoins whose developers have Doxed developers, so everyone will know that the memecoin is well-developed and has clear utility.

And what is the point of Satoshi revealing his identity? I don't see any practical sense in it. Rather, let everything remain as it is to this day. If this was the intention from the very beginning, then it has its meaning and essence. After all, if the identity is known, then this will entail unpleasant consequences. There will always be those who want to destroy blockchain technology, since for some it is the tool that puts a spoke in the wheel of the traditional financial system. We have all been given a chance that can change the current world order if we really want it.

"Bitcoin is well-known and trusted because it is decentralized and not controlled by a third party. If Satoshi (he/she/they) were to reveal himself, I think it would kill the entire purpose of Bitcoin being decentralized. Although he may not actually be able to control people's Bitcoin, there would be a number of people who would doubt Bitcoin if he made himself known. Additionally, it would have made him a target, especially for governments and organizations. So, it's pospossible that anonymity was chosen for the creators safety

Bitcoin is the most trusted cryptocurrency in the market because it's an open source and anyone is allowed to mine Bitcoin if they have the tools available. Mining Bitcoin has made things easier for investors that might want to try it out getting the necessary tools while accumulating units of Bitcoin. If you compare this approach to how crypto projects are being launched enriching the team alone earning crazy amount of money. We shall keep seeing new projects launching and expecting investors to buy and hold their tokens while they are becoming rich and making huge amounts of money from the project. If the anonymity of Satoshi is exposed, this can have great price depreciate on Bitcoin and it could reduce the trust investors have on it.

Everything comes with a price in cryptocurrency, more reason for us to grab the one that's available. The government plays a major role in bitcoin and cryptocurrency, they've the power to transformed everything into their own favour and used every possible subjects to inclined damaged and losses on the common man. Nakamoto Satoshi have a very good reason to stay anonymous in the space because a whole lot of things follows when we talked about this person in particular. He would be open to more life threaten because all those cruel investors and traders that have liquidated their portfolio will filed for court suit against him which might not end well.

Considering knowing the creator of the Bitcoin will give an impact on the current market state of course this is one of the most question in the past few years about the creator of the Bitcoin could be there's a lot of question to him that like every word can be used for some market manipulation by the whales or large institution. I guess reason why they don't want to show off at all because he don't want to have a popularity and problem of course.Just being let it be. You can reference about the release of the HBO and check the market situation of that time.

An asset definitely. Satoshi's anonymity has proved substantial to Bitcoin growth so far so much that it would be very unnecessary for him to reveal his identity now that Bitcoin has already become a global movement bigger than a one man's parade. I see how sentiment currently works in Ethereum. Vitalik does anything that doesn't align (sell ETH to find his personal endeavors or attend an event to sing, etc), price goes down. We don't want the same experience with Bitcoin.

Just to answer your topic alone, if Satoshi will reveal his identity, will it help to promote bitcoin anonymity? So the answer to this is probably the reason why Satoshi stay out of the spotlight and chose to be silent for all these years. Otherwise, he will be the one to break the feature of bitcoin if he suddenly comes out from his cave, which I think majority will definitely not agree. It’s best to just stay wherever he is right now. After all, all these credits bitcoin has been receiving are still attributed to one and only Satoshi.

Well to add to the quoted post, these countries consider Bitcoin as an asset:
United State
Canada
Australia
Japan
United Kingdom
Germany

So we really can say that it is an asset since government had already started accepting and labeling it as an asset.

Satoshi disappearance is still a mystery.  All we have in our minds are just guesses and assumption but this disappearance had a great positive impact on the trust of users and investors in the Bitcoin network as time pass by.  The timing of Satoshi disappearance is good enough to establish the trust of the community since it happens before Bitcoin became popular.  For users and holders, the significant amount of Satoshi's holdings' threat to crash the market had been eased out due to his being absent.

Satoshi anonymity does not affect the trust of users. Why because bitcoin is totally decentralized and it's memorandum of operations is don in blockchain where no centralised entity controls it. each transaction is liable to be traced without a third party. Where Satoshi anonymity would have affected bitcoin users was if bitcoin was centralised, meaning that it is controlled by Satoshi which might be manipulated. But since it's done in an open Ledger where each transaction has a harsh, it is impossible for anyone to be decieved so his anonymity even help bitcoin to be stronger.

It is true that Satoshi created bitcoin but from the very beginning, it was designed to be decentralized and not dependent on any individual, including its creator. So I don't think his presence will change anything about the anonymity or performance of the bitcoin blockchain. The community controls Bitcoin as we often say we are all Satoshi; any change to bitcoin needs the consent of majority of the community, no one can change bitcoin by themselves even if it is satoshi.

I think he decided to remain anonymous because he realized he was in danger as the government was trying to find him at that time. But there is no denying that his anonymity contributed to bitcoin's success today. If he had been caught, who knows what would have happened because bitcoin was so small at the time and could have been stopped much more easily.

I don't care about it and as a Bitcoin investor, I care more about policies from governments that can affect me and my personal finance. Like Capital Gain tax on Bitcoin, recent months there are some countries with proposals to force their citizens pay tax even they're holding bitcoin and not yet cash it out for profit.

It's very fearful policy if it is enforced by law and tax authorities and if it spreads more globally to other countries.

Satoshi Nakamoto chose good times to launch Bitcoin Genesis Block and for his disappearance from Bitcoin communities.

Bitcoin Genesis Block with the message taken from The Times newspaper on that day: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
https://en.bitcoin.it/wiki/Genesis_block

Bitcoin block subsidy halvings are set up to happen in USA. Presidential Election Years. It's perfect for Bitcoin volatility as well as chance to be pushed up a lot with policies from a new President if things are good.

Satoshi Nakamoto if is still alive and has access to his bitcoin, will have no reason to dump all of his coins on the market. He has no reason to sell all because he won't be able to use all of such massive money after cashing out. As a Bitcoin founder, it's reasonable if his main priority is holding his bitcoins.

Edited out.

He is the idealist, not an opportunist.
So, yeah, he or they wouldn't do that, duh. Never.

Yes people now trust Bitcoin the most because of its anonymity. They know that having a central authority is rather a threat to them. As they are doing today, some people will feel insecure about their assets tomorrow when another government takes over the country. Bitcoin will guarantee its wealth there even if someone else attacks it personally.

I believe that if Satoshi's identity is ever truly discovered, it will be shattered. If decentralized platform to make centralized, then it must be threatened. However, since Bitcoin has not been traced for nearly 15 years since its discovery, its creator will remain anonymous for the foreseeable future. Because Satoshi himself knows that if his existence is discovered, there will be various kinds of pressure on him.

I just don't understand what would be "shattered" from the reveal of Satoshi, either he is a man or a group of them..

From the very start, he was already anonymous, and the fact that we've reached this level already shows the trust of the investors. I might even be concerned if he appeared, as it could change everything about Bitcoin being the best asset - who knows, it might be replaced by another asset.

There’s a reason why he kept himself anonymous, and one big reason is to stay safe with all the wealth he holds. If you were someone holding close to 1 million Bitcoins, would you make yourself public or keep your current status?

Bitcoin is the valuable asset that it is today because it's creator Satoshi Nakamoto, decided to practice what he created Bitcoin to be, and that is a decentralized digital currency. His anonymity has proven that he wants Bitcoin holders to be in total control of their asset, no centralized authority or even him can claim ownership of Bitcoin or it's network. Every aspects of Bitcoin are controlled by people whom you and I don't have to know, so there's no intimidation about the influence of the creator or people that runs the network. I hope that Satoshi, continues to remain anonymous to proof that Bitcoin is truly decentralized.

I agree it is frightening to think such a scenario but, we all know that these things are inevitable.  Unless we move to a place that is not of any government jurisdiction (might be hard to find if not impossible).  Every citizen is subjected to the government's laws and policies, so there is nothing to do but abide if we don't want to have problems.  Whether we like them or not fear them or not, we have to follow what is stated according to the law.

Let us hope that if ever, the government implements a fair law on cryptocurrency holders that can benefit the government and is not abusive to the citizens who hold cryptocurrency.


Indeed yet we cannot deny the fact the fear circulating the market of the thought if Satoshi insta dumps his holdings, the threat does not disappear but somehow as I stated is eased out due to his inactivity.  Whether he is alive or dead, who knows....

Not really, here's the Bitcoin pools https://hashrateindex.com/hashrate/pools

Now we're all know the each name of the pools except the others, we can search the company and find who work on that company on their website. Not to mention Bitcoin developers are mostly getting donation from centralized exchanges and institutions.

I believe there's big or less influence to the developers.

I agree, it was part of the plan or built into the schedule from the get go.

Whatever about now but back in 2009/2010 Satoshi would have been arrested for sure
and "he" knew the implications of releasing Bitcoin into the wild.

The anonymity of Satoshi is a masterclass in remaining invisible. Two great feats,
Bringing us Bitcoin and remaining invisible.


Why would he/she/they bother at this stage? there is clearly no advantage to
doing it. I firmly believe that nobody cares who Satoshi is just the same as
all these people who create threads about the identity, it doesnt matter - anymore

How would Bitcoin change if he returned? I really don't think he can change anything about bitcoin because he is basically the creator of bitcoin but to make bitcoin more perfect he gave control of bitcoin to the community. That means bitcoin is independent of any individual, no one can control it, not even its creator. Any change to bitcoin requires the consensus of all the developers and he is just one of them.





I think he decided to remain anonymous for his own safety rather than to protect his assets. Because at the time he disappeared, the value of those 1 million bitcoins wasn't that great and he had no idea that bitcoin would become as great as it is today.

I’m curious to hear why you think Satoshi would have been arrested back in 2009 or 2010 if he had made his identity public.

Keep in mind that in those early days, bitcoin was used by only a handful of cypherpunk enthusiasts, and its price was very close to zero. It wasn’t a threat to anyone.

He is the creator of bitcoin. Just imagine what he will have to go through if he reveals his identity. He might be holding good amount of bitcoins and that can be a reason that to ensure his safety he does not reveal his identity.

I mean if you ask an experienced user on this forum, even he does not want to reveal identity. Because others know that the users here are involved with crypto and if thus some person is able to trace you through that data, it is not safe for you personally. Even the family members can get in trouble because of this.

I feel Satoshi staying completely anonymous up until now is more about keeping their influence far away from the network than their own safety. Satoshi did not want people to take them as a central figure in the network and take decisions based on what they do, i.e. if Satoshi were to be around and moved some of their coins, it would cause many people to also move their own coins too, that is the influence i am talking about.

All this talks about Satoshi and his identity is becoming boring because from the wider view of things I don't really think Bitcoin would have gotten such success if Satoshi was to be known from the initial launch of Bitcoin. Although I understand that human curiosity would always try to find out the real identity of Satoshi but it's something that's becoming sort of annoying when you see people make this argument or insight over and over again.

It is also getting quite tiresome because most of it is speculation without any shred of evidence, so most of the discussions about him are baseless theories that lead nowhere, and since that is the case my interest on them is nonexistent, after all Satoshi not only hid his identity very well, but at the same time his identity is not really important, since bitcoin as a project now exists as an independent entity that cannot be brought down no matter what the governments try to do to stop people from adopting it.

Satoshi vision was to create Bitcoin so that it belonged to everyone and no one could control its price movements, this is related to decentralization. If Satoshi reveals his identity, then Bitcoin fans will make him the leader and this situation will have a big impact on every decision Satoshi makes, this will be contrary to his main goal.
In addition, Bitcoin has become a threat to governments and the status quo of the traditional financial industry, if Satoshi's identity is revealed, the consequences will be very large, perhaps his safety will be threatened. The success of Bitcoin as you see it today is due to Satoshi remaining anonymous, so let him remain hidden while enjoying the success of Bitcoin that is in line with his goals.

In my opinion we should stop spreading news like this because it is not beneficial for bitcoin. I don't deny that bitcoin has been hated by many governments in the past but currently, there aren't too many governments hostile to it. Things are slowly getting better between governments and bitcoin as more and more countries legalize it. Bitcoin does not threaten governments and the traditional financial system, that is not the purpose for which satoshi created it.

The success of bitcoin is not because satoshi is anonymous, but because bitcoin has succeeded in becoming a decentralized currency that does not depend on anyone, including satoshi. A currency for everyone and everyone can control it, it is not dependent on any government, organization or individual.

The disappearance of Satoshi has not affected the trust in Bitcoin one bit, it has rather caused more appreciation of the asset for it shows a true decentralisation and freedom in his absence. This has never been done before and more reason why people trust Bitcoin and adopt it this much.

For me, it is both, it's an asset because it shows true decentralization and freedom of people since Satoshi is not making sole decisions regarding Bitcoin. But it's a drawback because developers and miners are monopolizing Bictoin to their advantage. Also, Bitcoin needs some important upgrades, the abandonment by Satoshi is not helping, it's a setback if we think it through.

At this point the main problem behind the Satoshi's identity is the amount of money involved in it. We all know satoshi is holding something close to 1M BTC. And if we do the math, we will find a crazy big amount of money.

1,000,000*68,000 = $68,000,000,000

So, that's how much is worth Satoshi fortune, and i think that's a good reason to stay anonymous, and that number will be bigger in the future until Satoshi hits the 1st place in the Forbes millionaire list  ;D

Although you are right and I have also thought many times the same metaphor as you that such amount of Bitcoins are a Damocles' sword, and it is logical that people who hear about this topic for the first time raise an eyebrow, you are also right that it is not a big obstacle to my trust in this project.

I don't consider myself a particularly believing person at this point in my life, but perhaps it has something to do with faith. So, although the third option * he is still somewhere watching out there, and he still has access to the keys is a very plausible possibility, I think there are many of us who think that ideals would outweigh money or power for the person behind the mask.

He definitely got scared right after an article by PC World back in 2010 linking
Wikileaks to Bitcoin in a round about way. This was his second last post:


The PC World article > https://www.pcworld.com/article/499375/could_wikileaks_scandal_lead_to_new_virtual_currency.html

Satoshi definitely took a preemptive decision to disappear for fear of being
caught/arrested/identified by authorities.

While today Bitcoin is more accepted and treated as an asset but back in 2010/2011
it was seen as a "currency" and you just cant create a currency of your own.

Anyway thats how I see it.

Fair enough.

By the way, I am not saying that he wouldn't have issues down the road if he revealed his identity (almost certainly he would), I just don't think that it would happen so early on.

Actually, Satoshi's anonymity is an asset to Bitcoin. It makes it stronger and more decentralized than other projects. Without someone to focus on, all of the attention goes into the cryptocurrency itself. Not like Ethereum's Vitalik Buterin where most people follow him like he were some sort of "god".

Exposing Satoshi's identity would prove to be risky for the longevity of the project. We don't want governments behind Satoshi's "tail", do we? It's best to leave everything as is. For the good of Bitcoin and the whole crypto industry. Aren't we all Satoshi? :)

Maybe you are right there, that his disappearance complements with Bitcoin but even if he chooses to stay afloat, I think there won't still be a major difference or change with BTC.

I think his anonymity has nothing to do with that. BTC is already known to be decentralized, so it is already understandable on how should people use it. The only thing is, that regulation and centralization invades us and there are now people who sides on them but I won't totally blame them. They won't also side there for nothing but they might also see something that interests them that they can't find on its counter part.

As for centralized authority, yeah but for him? Maybe it is possible, since he is the ones who created it and there is no harm on it anyway, so why not?

Why doesn't Satoshi reveal their identity? I mean what reason satoshi need to reveal his identity I mean the satoshi "think" would not gonna stop until the last bitcoin has been mined in my opinion.

First satoshi don't have real reason to reveal its identity what he gonna get from it. Maybe only famous but after that there will be a ton of government agency gonna look for it and maybe some people will do harm for him. he maybe have ton of wallet that we don't know and live good at the moment

Well, I feel like there are some very obvious reasons like privacy and safety security etc. then there is also the possibility that some nation state could apprehend him to try and disband Bitcoin or something (maybe this could have been the case before all the institution money came in). It’s all pretty simple reasoning.

It is precisely with anonymity that bitcoin continues to grow until now and even for the future, anonymity is not always negative so that it cannot be trusted, sometimes anonymity is needed to increase public trust like Satoshi now who is still a mystery in this century.

According to some crypto communities, Satoshi Nakamoto does not exist, because it is very dangerous if Satoshi Nakamoto appears to the public with the creation of a very massive technology. Satoshi Nakamoto is a translation of a unique cryptographic code. If described in words, this code is what keeps blockchain/bitcoin technology alive and growing until now, that's what is said. Satoshi and bitcoin will remain a mystery.

I believe in the future, we will know who he really is and the reasoning behind. For now, be grateful that we have this crypto market and blockchain tech that is revolutionizing a lot of things in how humanity is doing their businesses. Whatever his reason is, we are already benefiting from this market.


That actually is the point here, we don't need to look for Satoshi's identity in order for this market to thrive. As we have seen, this technology are conquering mainstream without his identity involved. So we can speculate all we want but as we have witnessed, this market will continue to proliferate even without his identity known to public.

Satoshi’s anonymity is actually a bit of a double-edged sword when it comes to cryptocurrency. Being a decentralized and the abscence of Satoshi makes it more trusted by the public because it's unknown and it's not related to any politics.

Of course if a person who controls a crypto is with politics, it can affect it, their politics decision might affect the cryptocurrency that will make it very useless, not tradable and prone to market manipulation.

On the other hand, some people might feel uneasy about it. Not knowing Satoshi’s identity can raise questions about intentions, not fully trusting it because they might lose money. So yahh, Satoshi's anonymity is a huge part for the crypto community.

Really? but Bitcoin has politics in there because any improvement, change or update are depends on majority pools. So, it depends on their decision, hopefully they're always make decision by thinking about Bitcoin's purpose and it's longevity instead of their own benefit.

Or maybe he will appeared not in our generations, so we will know Satoshi as completely unknown person.

If could be like an impossible things to do that, if he or if the team won't reveal themselves and here I don't have any expectations about their revelation. So I so there was high probability of not knowing that who is man "satoshi" . But there is a chance that the world is getting more technology day by day as well as human intelligence is getting more and more, from this point of view maybe one day it might be possible. But here things are also very complicated that even then if we found or saw these kind of news even they will real there will be a high number of people that they will be still in doubt.


But my point is, aren't the bitcoin the invention of cryptocurrency is an revolutionary? Isn't it gave us the financial freedom? So why should we be so worried about the intently of the Satoshi? If the trillion-dollar market goes up and sustain without the identity of Satoshi then why do we need that.

I don't agree to that because I believe Satoshi exists but my confusion is if he's a man, woman or a group of people that decided to make use of the name to confuse anybody trying to know who they're but from the different things that has happened, I think we can rule out the possibility of Satoshi being a group but more of an individual that is hiding his identity very well. Satoshi might be died and we won't know and that makes me believe that Satoshi can never be found.

I think there's no one that know who Satoshi is because if there was, they would have betrayed him since, for the reward that the federal government will be offering. Satoshi knows that if he reveals his identity, it's going to affect the market and the growth of Bitcoin hence he choose to stay anonymous forever and that's the best thing he can do.

Those who feel uncomfortable and distrustful of bitcoin just because they don't know the identity of its creator are ignorant of bitcoin. And if they don't have knowledge about bitcoin, it's best they don't invest in it because it won't do them any good either.

For those who have taken the time to learn about bitcoin and understand the purpose of satoshi's creation of bitcoin, they will feel satisfied that satoshi's identity remains unknown. Because this is not only good for his safety but also good for bitcoin. Because this is not only good for his safety but also good for bitcoin, and that is why you see that most people here do not want Satoshi to appear or his identity to be revealed.

I'm just going to bump my part of the thread here and say that nobody has thus far given me a compelling refutation of my theory that Satoshi was/is a CIA/NSA/FBI agent (or team) who created Bitcoin as a honey pot device that got out of hand. I have about as much positive evidence as any other theory here, but... it sure explains a lot...  :)

Well, in the first place no one knows if He is alive or not, human or not? But as you said, let's be grateful because we had additional knowledge or an opportunity to have a solution to our financial problem that we have been facing for a long time in our lives. We have also seen bitcoin's relentless progress.

A lot of people criticized it, and countries tried to control it, but they couldn't do it because they thought wrong about Bitcoin, which, until now, instead of reducing those who believe in it, the number of those who embrace the potential has increased even more.

Assumption without evidence proofs he doesn't exist because what can you use to judge his existence, not like his supposed "claimed" wallet has been moved a while, it's not like there has been a developer who pass BIP are anonymous, most of them are known atleast by the community for some safety and security of the network but none proof to be Satoshi. If only there is Satoshi by my own assumption, then it can only be a group of people who decide to make it looks this way.


There were people on this forum that started early with him and would have make it easy back then to know much more about Satoshi but they refused not to do it. There was a time the administrator wanted to share the IP address login of Satoshi on the Bitcointalk but some reasons due to privacy, they refused and it's obvious we know why they didn't.  If really Satoshi is going to be betrayed, I'm sure there would be lead many years before now but because the people that were here understand the mission and they have carried it along with them. Bitcoin will remain Bitcoin with or without Satoshi.

29/01/2009 - 20/09/2024 - Guinness Book of Records
https://bitcointalk.org/index.php?topic=5514107

I agree with that. Gaining knowledge should be the first and foremost step for anyone before they get involved with Bitcoin or cryptocurrencies in general.


Satoshi's identity revelation might temporarily affect Bitcoin, its price, or its reputation, but it won't be permanent. I'm sure people will forget about everything and start using Bitcoin normally again after some time. Those who are using Bitcoin for what it has to offer, such as decentralization, easy peer-to-peer transactions, security, and anything else wouldn't stop using it only because satoshi's identity has been revealed which barely has any possibility of happening anyway.

Yeah, everybody uses many devices and inventions knowing nothing about their creators except their names - yet they won't do the same thing with crypto.
Their loss, really.

I totally agree there - the biggest concern would be for Satoshi himself, what he would do afterward, and how entities of different scales would react to knowing who he is and where to dig.

I think op is trying to compare with other mini projects where the brain behind the projects are expected to be made known but the reverse is the case with bitcoin as the anonymity of satoshi has built more trust in the community as it is believed that, it is decentralized and can’t be controlled by one individual not even satoshi himself , leaving everyone with speculations and predictions.

Personally I think the anonymity of bitcoin is key to maintaining the decentralized nature of the coin, hence answering to your question, we’ll tag it an asset .

Maybe he want to emphasize that those devs which transparent on their identity is more trusted. And to many things puzzled him and he cannot fully trust bitcoin since  the identity of the creator remain unknown. But people should know that despite of those things the identity of the owner doesn't affect the current stand of bitcoin. Many people still adapt or accumulate its because they know that bitcoin is good asset. Many has been curious to know the reason of deciding to be anonymous, but majority just don't care about it and want to respect the creators decision on things he want to do.

I think one thing that has kept bitcoin at the lime light is the strong community they have because I think among all projects, bitcoin has one of the largest and most supportive community of users who trust the coin even without knowing the where about of the originator.

At the point, there shouldn’t be any need wanting to get bothered by the presence of the originator because bitcoin has proven on several occasions to be trustworthy and ready to deliver, hence rather than been bothered about satoshi, we should be thankful to him for his inventions and be bothered about how much more to get actively involved in the entire process.

That will just put Satoshi in danger because many agencies will be after him. Not just his safety but also his relatives and families safety. We don't know what is the reason why Satoshi doesn't reveal his identity to the public so we can only guess. I think Satoshi will not show himself/themselves to public and will still remains in the dark. That is the best thing that Satoshi can do to prevents from the bad things that can happens to Satoshi.

Why would Satoshi be a CIA/NSA agent? It doesn't make any sense. Especially when BTC was created as an open source cryptocurrency. Do you believe the government would be stupid enough to release the code to the public? It would help spur the development of alternative currencies, posing a threat to the very existence of Fiat currencies (especially the US Dollar).

Satoshi is more of an average person with libertarian values. Or a team of cypherpunks with a high-level IQ. It could be a combination of Nick Szabo, Hal Finney, David Chaum, Wei Dai, and Peter Todd. We'll never know for sure. I think it's for the best. If Satoshi's identity were known, he/she/they would've been in big trouble by now. Governments will be on his/her/their tail to either fine, execute, or jail him/her/them. Leaving Satoshi's identity a mystery, will ensure that people will focus on what matters most. And that's using Bitcoin to be their own bank. The pioneer cryptocurrency has been doing fine up to this point, so I'm certain it will live for generations. Here's hoping for the best. :D

Why wouldn't they? The CIA is not in the business of making money from software, they do stuff to gather intel on people.

And while Bitcoin nor anything else "threatens" the USD (that doesn't even make sense), why would some worker at the CIA care about that?



Right. Just like "FunGirl79" in the chat room is a 14 year old from Minnesota not, say, a 42 year old FBI agent trying to catch online creepos.  :)

Are you aware that the CIA/NSA/etc. actually... lie sometimes?  :D

actually bitcoin is a decentralized currency but that does not mean that we don't have a team or a group of people that controls Bitcoin from my own instinct I believe that Bitcoin is being created or developed by a group of people and the name called satoshi is not a name of individual it is a name of group of people that brought to the idea of a Bitcoin to existence, and another thing that comes to my mind is that maybe it says this people created or introduce Bitcoin the separated that makes bitcoin to start today because if you someone individually is the founder of Bitcoin I think by now it would have made himself known to people despite that is afraid of government interrogation I think by now who would have known the particular person that is the originator of Bitcoin creator