Bitcoin Forum

If the real Satoshi came back and said "this new coin is much better", would you switch or stay with BTC?
I would be involved with both.
How about you?

Switch cause I think bitcoin would tank and this new coin would explode.

It would depend on the details of the new coin.

If it actually had features that made it "much better", I'd switch (but I'd do that even if it wasn't Satoshi that said it).

If it didn't have an features that made it "much better", then I wouldn't switch.

I've never really cared much about what Satoshi had to say.  I evaluated bitcoin entirely on its own merits before I ever got involved.  I spent over a year studying and investigating bitcoin before I ever owned a single microbitcoin worth.

You are Sotoshi Nakamoto. We are all Satoshi Nakamoto.

I would say sign that message with the genesis block key.

over a year
You have the skills to thrive in a free market.
Too bad most people (including me) don't spend that much effort thinking for themselves.

Of course most people don't exert that effort. Most people are incapable. This is about executive functioning and pattern recognition ability. It's a bell curve.

http://www.sovereignindependentuk.co.uk/wp-content/uploads/2013/04/iq-bell-curve.gif

Fortunately for everyone, human beings learn from each other. Now with the internet, this is happening faster than ever before. It won't take the gen. pop long to come around.

Information wants to be free. (https://www.youtube.com/watch?v=vaPgfErzeu0)

Best answer

Oh yeah, and if "the real God" came back, I'd be satisfied by Him tossing a cow up in the air and turning it into the world's largest taco.

No way. CIA psyops bullshit, man. They're altering my perception with their MKULTRA garbage and compromising Satoshi's keys with the same programming. Shit - you even notice what color the sky was today? Purple, and everything tasted like purple, too. Fuck that.

LOL
That taco sounds pretty good right now.  :D

Depends on if Satoshi verifies his Bitcoin holdings since he has a large share here and if he is willing to move on then I would trust him to make the transition safely without screwing the prices too badly but yep would stay with both  

In all honesty... I would probably switch over to the new coin as fast as possible.

Satoshi came up with a creative and elegant solution to the complex problem of distributed consensus.  He managed to work in some financial incentives to participation, and a reasonably fair way to handle the initial distribution of funds into the system.

He also made some mistakes, and some decisions of questionable value.

He is clearly not omniscient, and unless his new coin could demonstrate real solutions to real problems with a significant benefit over bitcoin, it would only be the foolish that would quickly abandon bitcoin for the latest "coin of the hour" regardless of who announces it.  Fortunately, there are a lot of fools that would do exactly that, providing me plenty of opportunity to pick up some very cheap bitcoins.  Then when those people all try to come back to bitcoin, I'll happily sell those bitcoins back to them at a significant markup.

I won't follow unless he proves he is the real satoshi  :P I won't change from BTC , it's working in a good way "though I might try to earn from the attention to that other coin"

Many people are arguing about legibility of Satoshi's real identity instead of focusing on the main question here. The question implies that the identity is proved; the real question is if you'd switch to the new coin or not.

For me, I'd definitely switch to the new coin, because most others also will, and the network effect will benefit the new coin in real world market, not Bitcoin.

The legitimacy of the statement is critical to the question because it determines how many people move.

"satoshi" could post with his forum account that everyone needs to move to Nybble, and it'd take a Hell of a lot more than "satoshi" saying to for me to move. That assumes I would follow "the real satoshi" (which is a fairy tale as far as I can tell) wherever he says just because he says, which I wouldn't, and I'd hope more than a handful of people would ask whether or not it's following lemmings off a cliff for short-term gain.

I wouldn't switch per se but would certainly buy some to see where it goes. Lets be honest if you were one of the first to see him say that you could easily x a few hundred to your current stash. Biggest pump and dump ever assuming the new coin doesn'y have any new innovations.

This would never happen.

What are you going on about???

Never say never, people thought flying would never be possible...

I would stay with both, of course.

Bitcoin was the original cryptocurrency so it has a clear advantage over the rest. The Bitcoin community is far greater in size and the Bitcoin infrastructure is far more developed than all the other altcoins combined so it would be pretty unwise to abandon it completely but then again, let's face it - anything Satoshi touches is pretty much destined to become gold.


Examples?

I would go for it happily after ID proof.  ::)

Satoshi is not really that mastermind, like a lot of People here think.
Sure, BTC are his idea, sure without him, there would never have been BTC, but when it Comes to really implementing the whole Thing, Satoshi is not the right Person to do it.
Read this interview: http://blogs.wsj.com/moneybeat/2014/03/06/bitcoin-foundations-andresen-on-working-with-satoshi-nakamoto/

I'm Spartacus!

No! I'm Spartacus  ;D Why didn't we start this when Dorian Nakamoto was arrested?  ;D

I wouldn't believe it is real satoshi.

I would guess someone just get brilliant idea and hacked his account.

Here are a few that come to mind right away:

Allowing the coinbase transaction to have the same hash in multiple blocks?

Allowing the miner to create a block that doesn't pay out the full reward?

Requiring the public key to be included along with the signature in the transaction inputs?

I'm sure there are others, but I figure 3 is enough to prove the point.

Allowing unconfirmed transactions to be malleable (one can say don't rely on tx id however the tx id could have been constructed to be immutable from day 0).
Using the use of uncompressed public keys (no advantage over compressed keys and given how critical space in the blockchain is it bloats the resource requirements).
Using 160 bit for PubKeyHash while PubKey only has 128 bit security (to benefit from 160 bit PubKeyHash would require 320 bit ECDA).
Having early coinbase tx payout to pubkeyhash instead of address (just adds needless complexity and now is a legacy cost).

All these vulnerabilities
https://en.bitcoin.it/wiki/Weaknesses#Security_Vulnerabilities_and_bugs

None of this should be an attack against Satoshi, he was brilliant, did what many considered impossible, and solve/prevented entire categories of exploits but he wasn't omnipotent.

I suppose the real Satoshi is more likely to contribute to BTC again than come up with a "great new coin".