Bitcoin Forum

I saw in the news that Satoshi Nakamoto has been identified, it seems that it is the Australian Professor, what are effects of this news on bitcoin price. The title of the news is: "Australian professor Craig Wright reveals himself to be Bitcoin founder Satoshi Nakamoto".

I don't think it's affecting the price much at all, and it doesn't seem like it should.  It doesn't affect how bitcoin currently functions, does it?  And the I don't think it's been verified,  has it?

I do not know technical layers of bitcoin well, however if it lead to knowing some more about mining algorithms or controlling bitcoin or it lead to releasing of much bitcoin then it can have effects.

There won't be a great effect on the price.

If satoshi is found to be a good person with a good history the price may incease.
If satoshi is found to be a bad person with a bad history (e.g involvement in crime) the price may decrease.

These will be unsubstantial amounts of changes.

Yes, good points and specially if it is found that Satoshi did some very bad abusing by bitcoin it may have some collapse.

No sure actually. If the Australian government go after Satoshi (assuming Craig is Satoshi), he may need to sell some coins to pay the tax...

In that case, the movement of Satoshi's coins into exchanges will create a drop in market confidence (people will think that Satoshi is going to dump his coins) and will result in the drop in bitcoin price.

i doubt if the price moves that much because of the revelation there may be some hype here and there to move it sideways a little though.
but i think moving the coins can affect the price in a bad way though.

p.s. i haven't seen any proof yet about his claims.


it is back to $450 again despite the news about alleged satoshi wanting to move coins from early blocks. so i guess the dip was not related.

First of all, the news seems fake. I think that professor is trying to become famous by doing such stunts as this news doesn't have any realistic base.

Also I don't think there will be much impact on bitcoin price because the bitcoin price is based on many factors which are based on facts and numbers. Market cap also plays a major role.

So unless more and more investments are flowing in to the bitcoin market, I don't think any major impact would happen on bitcoin price.

I think the effect of knowing satoshi in bitcoin price will not affectted because theres no connect of the price in the name of satoshi even if he is the creator, but if he has the amount of 50% of bitcoin he can control bitcoin price by hoarding it.

probably nothing, the value did increase a bit, because of steam and the recent update with the upcoming segwit

we are still stuck there at 450, also that guy is probably a fraud, not the real satoshi

No effect, people are skeptical if he really is the founder or creator or bitcoin. Bitcoins has become stable despite the fact that it was created by anonymous person so it will remain stable and will go surging strong in the near future.

The real effect is that some dumb people have starting to sell as soon as this "news" came online. It surprises me how easy it is to trigger panic sellers. Easy money for whales.

The identity and the person behind Satoshi is very important. If the individual is found to be a little crazy, people might fear that he or she or they might dump that million coins onto the market and this will have a significant impact on the price. A massive dump will increase the supply and the price will go down considerably and people will lose money on their investment.

If it turns out that the creator or creators are part of some secret agency with hidden agendas, the people will pull their investment and sell their coins. < Examples - Anarchist groups / N$A / CiA / Muslim extremists / Pedophile ring > In this sense, the creator should be someone everyone will accept and trust.

Theres no effect in the price because theres no connect in the price of bitcoin if we know who is satoshi .
But if many people want to have affect they can do it by hoarding it. But i think why they do this ? They just want if they do.

That bitcoin gets in the press a little more is good for the price.  Especially as this time it isn't for a massive pump and/or dump!
If the real Satoshi shows himself I see that it could go either way.  He might dump, which would be a nightmare, or he could try to move Bitcoin back on track, which would be great!

I don't think we will ever know 100% who Satoishi is, I expect lots of unconfirmed rumours, but hopefully he is now pseudonymous now, for good.

i was heard that these news was not right and if these is true i really wish that will be good effect for bitcoin but seems in these few days i didn't see any good effect regarding these and nothing happen to bitcoin prices because the prices seems stuck at $446-$448

That probably had something to do with Craig Wright's reputation.
He had run ins with the tax authorities in Australia previously.

I don't think so. Knowing or not the satoshi is, i think it will not affect the price of bitcoin. Maybe it will, but only small affect to bitcoin's price.

The recent "revelation" had an apparent negative effect on the price. If the news were true, there would have been a greater fall. Up to this day, everyone took for granted that "Satoshi's coins" weren't moving and that it was likely for them to stay where they are. A valid identification of satoshi through a signed message would prove those coins, which are quite a significant sum of money, can more and could be cashed out at any time.

in my opinion dave kleiman friend of craig is the real nakamoto. On December 8, 2015 Gizmodo reported that Dave Kleiman may have been involved in the invention of Bitcoin based on information uncovered in several leaked documents.
source : https://en.wikipedia.org/wiki/Dave_Kleiman#cite_note-gizmodo-5
now dave kleiman has died.

i think the price of bitcoin will be rise again, "block halving is good reason for it"

Too much attention to the personality of Craig and Satoshi. I'll tell you what, he or their a person no matter the price of Bitcoin. Users simply use this system and enjoy. They say that due to the recognition of Craig Bitcoin price has fallen, it is not. There is a simple correction of the course, in my opinion.

A really small negative effect or I can't see it...And even is natural.... because if we trust every one that tell "I AM SATOSHI" ....  ::)

USD
447.57   +0.14   24 hours
1 day +0.88      
7 days +6.08   

Wont this also the reason why he can't verify nor sign a message thru his wallet because of the taxes he had to pay? lol
he must be having a dilemma over verifying himself as the real satoshi versus paying the taxes worth millions.  and i guess he chooses not paying taxes  ;D

Nothing,yes probably its will not give effect for bitcoin price,people will glad and sastify about bitcoin founder finnaly revealed,but i'm not sure its will give any effect for bitcoin price. and let bitcoin founder kee as secret and not will knowing.

"Australian professor Craig Wright reveals himself to be Bitcoin founder Satoshi Nakamoto".   I dont think it is true

I don't think bitcoin price will not affect anything in price wise. May be US may kill him and they will not allow bitcoin to spread all around the world.

But how about the effect of selling many of coins that come into market for prevention of being delivered to governments? Although their circulation can  be fine.

Yeah but it looks like it might not be the case after all....  ;)

That's right. I'm pretty sure that the little bumps happening right now isn't because of us knowing that Craig is Satoshi (which in case is not absolutely true because there aren't any valid proof just yet).

The effect is the price becomes more stable, people does not really care knowing the real satoshi because bitcoins had survive even the mystery of the creator.

Most bitcoin users are not that really concern knowing who satoshi is, but if that happens I think there won't any change if satoshi will be
known by many bitcoin users, because the market is depending on demand and supply. Not by knowing Satoshi.
But still thanks for him

It all depends. If Craig Wright really is the Bitcoin founder Satoshi Nakamoto and he does have the private keys to all his bitcoins, he may become a target for various groups and individuals aiming for his wealth, both physically and electronically. Obviously, if successful, that would be detrimental to Bitcoin. I don't know the reasons for him revealing the truth (if it happens to be the truth after all), but I would continue to live in disguise as long as possible in such circumstances. It may turn out that some (evil) entity got an irresistible proof that he is the real Satoshi Nakamoto and went after him, so he has not much choice but to openly admit his role as Bitcoin founder for safety considerations...

Or he just went nuts and his ego took over his savvy, lol

I agree with this. Demand and supply is what really matters.

Also an interesting thing we can see now - people don't trust words of someone or even words of trusted figures in Bitcoin community, they want cryptographic proofs. As long as no one is going to provide those proofs in the future we most likely will never know who the real Satoshi is.

It is not going to change that much people know just know who the guy is and nothing more. Everything else is going to be the same and will stay the same.
It was a good thing because he came on the news and that made people notice him.

In short the effect is nothing, if you look at the value of bitcoins before this man appeared to be claiming as the real satoshi, the price is already increase and it also the same trend today, so no effect really.

No one is going to happen or change even if he announces that he is the creator of bitcoins. The price will still remain the same and unstable.
But, let's see what he will do or wants to improve about bitcoins.

nothing except hype, and hype can only change the price in a very small amount comparing with the past. and the direction of this change only depends on which way the hype is aiming, if it is a positive hype it can increase the price and if it is negative it can push the price down a little.

but it would be a small change because the market is so much bigger than before and it is not being affected by these hypes that much.

I'm not sure knowing satoshi will make the price of bitcoin increase, maybe it will make slightly increase, knowing satoshi can be a new history though.

It will have negative effect if the Satoshi does something "wrong" in the real life. People will link him to bitcoin.

I disagree with this. Satoshi is a human being and like all human being he's not perfect so he may make mistakes, may say wrong things etc. This human actions, whatever bad they might be, can't make an impact on such a great thing like Bitcoin. People will use Bitcoin regardless of whether Satoshi is a good person or not.

Would things remain the same if he is proven to be a pedophile serial killer? Would you still want to have anything to do with Bitcoin?

Karma, the invisible factor, always hits you back

First of all I don't believe that the Australian Professor is Satoshi.. this is 98% a fake news for me. Satoshi was an Asian. but if we believe that. it won't affect the price of bitcoin. so bitcoin traders. investors and buyers should not worry about it.

It wouldn't matter much. The technology is already there and BTC is making a name for itself as well. Whatever happens to the real satoshi, or if he dies, BTC lives on. Prices might swing from time to time but that's just what it normally does anyway.

I just know if craig wright is a businessman. I thought he was just looking for popularity and look for opportunities of all this to gain an advantage for his business? it's just my thoughts and idea only . all the secret is in satoshi Nakamoto itself?

There would be no effect to the Bitcoin price if we found out who Satoshi really was. It is an open source so he really couldn't do anything to Bitcoin.

Yeah what does it matter who is the creator of Bitcoin it does not matter to em at all. Unless the guys is not going to change anything to Bitcoin the revealing is going to have no impact.

What's matters most now is that bitcoin is becoming more stable and the value appreciate. Because of the mystery of the creator that is why bitcoins becomes more popular, whoever is the real creator we just have to be thankful he created a thing that gives us profit.

It doesnt matter eventhough we know the creator it wont change the bitcoin price, but bitcoin will develop better if we know the creator

I don't think I even saw the Bitcoin price move when Craig Wright went public with his claim of being the real Satoshi Nakamoto. And I don't think it ever changed when the news broke that Craig had been  lying to us all that time so I think the price of Bitcoin wasn't affected by who Satoshi might be. To be honest I think the Bitcoin price did a slight jump when Valve announced their plan to accept Bitcoin on the Steam store.

I don't see any important effect on bitcoin price, another thing would be if Satoshi (i'm not sure if really Craig was satoshi) says that he will sell its bitcoins, this would have effects on price.

Firstly there is no proof that the guy is telling truth and I don't think it's affecting price at all btc is stable at 450 +- 2~3 which is common.

Yes, it seems the effect is small since he was found and there was not much reaction to the news of revealing real satoshi identity.

Well for bitcoin in general as long he is a normal person wont make anything at bitcoin,but we dont know who made and created it,besides Satoshi Nakamoto,soo thats enought atleast for me it is.I hope he or her or they dont show off now that bitcoin is going well they can damage themselfes.

yeah agree or not that bitcoin life and become popular now is not of major brands of satoshi Nakamoto? satoshi precisely Nakamoto became famous and rich because bitcoin?
for the moment the news of satoshi Nakamoto has not had any effect. unless he is already moving. maybe will change the price of bitcoin.

Completely no effect because people have confidently been using bitcoins for a long time already and they don't have any problem using it in daily transactions. The code are open source where can be audited anytime of the day by experts all around the world.

I don't think there will be completely no effect. There'll be some effect because the price of bitcoin is affected greatly by the PR around it. If it makes people want to buy into it, then the price goes up simply because of demand. The effect probably won't be something crazy, but there will be some effect.

As to the effect to Bitcoin itself, you're right. Completely no effect.

This is also a question on my mind. Why people are keep on finding the real identity of Satoshi. Is there really an impact to the price if the idendity of the founder revealed? If none such a waste of time finding who he really is for me. IMO just keep on earning rather than finding person that chooses to be anonymous.

Well, that would be important to know the real Satoshi, the creator of bitcoin... as for the price, I think it will affect the price, we don't know, but I think it will be going up if the real satoshi would came out..But if he can't prove himself as the real Satoshi, then it's a different story, and it all depends upon his plans for bitcoin when he goes out of hiding...

nope i think craig wright has proven that he is a real satoshi Nakamoto. you can see the reason in google and many old bitcoin users also admit it.
but the effect of craigh wright that I thought did not give any influence to bitcoin until now. I do not feel it ?

knowing bitcoin founder's identity is not affecting the price at all. imo
it just affects bitcoin users. they will see what Craig's doing, or what his plans are.

It does not matter who satoshi nothing is going to change with Bitcoin and my opinion about it. The effect is zero so these guys can claim that they are sotashi but it will not change a thing.

I agree, we the bitcoin supporters has patronize using it even without knowing the creator of the project, it becomes successful until now so no matter how many real satoshi will reveal himself that does not matter.

Knowing the real satoshi has really no effect because majority does not believe or does not even care. It has to effect in either positive or negative side. This bitcoins has been around for many years, source code are open and can be audited by any IT experts all over the world. The blockchain is a trusted system where we can transact safely and transparently. With this around, we the early adopters are able to gain the benefits of transacting with low charges or close to none compared to the bank and other financial institution.

Yes, in some aspects you are right but the thing is that it may have negative effects on bitcoin credit.

On the other hand, if Satoshi was a very fmaous person then it could be good advertising for bitcoin.

I don't think it would have any effect at all, unless he really moves like thousands of coins from one of the early addresses.
That could scare some people into thinking he night dump a bunch of them.

Knowing his true identity will give investors courage. People will feel more secure if they know the person behind the project they are investing.

Would you invest in bitcoin if you knew there is an outlaw/druglord behind it? While some of you can say "yes", It would be an extremely dangerous decision. Since that outlaw can be put behind bars anytime and his/hers creation may get banned anytime also, which would make your investments worthless.

Yes, it gives courage when they see that the satoshi has good condition but on ther other hand bad condition of him can be a negative point for bitcoin.

I guess so we can better trust bitcoin, so if satoshi really people who can be believed, he might form a company that makes the development of the bitcoin, and I think it will give depth bitcoin prices rise

Since halving is coming also knowing Satoshi identity , it will affect bitcoin value more significant. We able to track down how good bitcoin prospect by seeing Satoshi ultimatum and work since we are already know where he live.

I think it has an impact, because people who do bitcoin trading also analyzed in terms of fundamentals, so as many of his news about who is satoshi can effect the bitcoin price. thanks

If there was really an impact then I would say it is positive, since satoshi was revealed the price of bitcoin is becoming for valuable as it gradually increases regularly.

It depends on who Satoshi is. If they're a bad person, the price will drop. If theyre a good person, the price may rise a tiny bit.

Satoshi (beside his supposed stash of 1mil btc) had l has no control over bitcoin anymore.

1 million bitcoins (out of 15 million mined up till now) is like a controlling block of shares. If he decides to cash out his "shares" that would certainly mean something. And his decision may very well depend on keeping his incognito. So see for yourself how much effect revealing who he is might have. Just in case, a controlling block of shares is not necessarily 50% + 1 share...

Sometimes it just needs to be greater that anyone else's

Usually a company's CEO would have most of his company shares. Or the group of managing directors might have more number of shares. But they are known to public. Still there is no effect (either positive or negative) on the price of their shares.

I know some companies CEOs are controlling more than 50% of their shares. But Satoshi is just having only 1/16th portion of all bitcoin mined so far.

I guess there will not be any significant consequence on knowing Satoshi on bitcoin prices.

Unless they start selling them, right? Besides that, as far as I know, selling your own stock is considered insider trading with all ensuing consequences from the controlling bodies like SEC and CFTC. In fact, the effect is usually quite devastating if it ever becomes known that company management starts selling shares of their own company...

And the reasons for that are pretty much obvious

Then again the ratio of bitcoins held by someone (a certain someone, lol) to bitcoins mined until now is not as important as the ratio of the potential supply of new coins entering the market to the volume of actually traded coins, since exactly this number defines the price of Bitcoin...

Thereby, someone selling his 1 million bitcoins stash will make the markets implode

Yes, it can have a positive effect on bitcoin but if and only if Satoshi is not a criminal and he is successful man.

No effect actually, because the concerns of the users of bitcoins is the transparency of the blockchain and the not the credibility of the developer. Regardless of who and what the real satoshi has accomplished in life, it would not affect bitcoins, the source of this project is open that can be audited anytime by experts all around the world, and they unanimous in their findings by saying that bitcoins are transparent.

I think no effect if only statoshi can't change price by himself, i think he can't cause it will be so bad if he will drop price  ::) ::)

It can attract new investors since many media were reporting, but after it came on the media, the price did go down, which means transparency makes investors insecure..

It has no effect totally, investors will not invest if they don't see a stable market price of bitcoins. The reveal of the real satoshi is not a big thing because we are talking of the blockchain to be transparent and its users not the creator.

it will have a price effect when real satoshi come out actually. For if real satoshi is revealed, it will on the news and he can make statements inviting investors.
More press released will be made  and he may pitch to the huge companies.

Knowing who Satoshi is will have no effect on bitcoin price. Why should it have an effect? After all, it's not like people are demanding to know who Satoshi is.

I think it could become bad as well though if he turns out to not have a good reputation. Thus, huge companies would be a bit put off by it.

I believe that knowing satoshi wouldnt affect bitcoins price its because satoshi is just a maker and not a investor, but i cam say it can raise thw couriousness of people who use bitcoin many of them same as i right now searching for the fact of identity of satoshi nakamoto and i think it should be remain mistery so by that it can give color of bitcoin, that is the mistery for many years theirs no exact answer.

the price didn't change that much because of this, and i believe that the reason for the effect being small was that there was no reality behind the claims of CW to be satoshi.
knowing who satoshi is, will not have any effect on the price but knowing that satoshi is going to move the stash can have some effect on the price because of the panic sellers.

I doubt it'll make any difference to the actual bitcoin price, although it might trigger a temporary media frenzy that will last a few weeks at max. After all, knowing who Satoshi is doesn't really make bitcoin any better than it is right now.

Satoshi wants to be left alone so let him be alone. It won't make any difference.

Yeah no effect even you know satoshi, no effect on bitcoins price I think what has the positive effect is having something that owned by satoshi,
Maybe his signature would have a good value if bitcoin will be on the trend for the next 40 years.

Im agree with that because satoshi nakamoto is just an owner of bitcoin hes not a big catch or gold ones to make price higher i can say with this though is it can make people feed those peoples hunger for information about him and  also it can stop speculation on who he is and where he is now, if satoshi will reveale the mistery is over for his identity thats it, bitcoins price wont effect unless many people will buy or dump their coin and that can truly affect its precious price for now.

Yeah if people will dump bitcoin it will really have a bad effect for the price of bitcoins and demand of it will be low.
But I'm thinking if Satoshi became millionaire because of bitcoin.

If he really owns the blockchain then he will receive a good amount of coins for the volume of transactions daily. However, it does not matter to us as consumer as we will transact with the low cost and pay for the service.

The bitcoin is not PoS, so Satoshi will not receive anything when Bitcoin is still PoW. So for big holders, it is better to buy PoS coins.

Well blockchain, gives a good service and he deserves to be paid well, since he is just charging a very small amount, that is not even a case
to every user who uses blockchain for using their service, I'm just thinking that it is a small donation.

There is no effect at all, most people do not even care about Satoshi and all this talk about who the real Satoshi is does not matter. People will keep doing there thing on Bitcoin no matter who the creator is.

In my opinion there is no effect at all and why would there be effect it's the technology and features that people love about bitcoin in fact people don't even care who invented bitcoin anymore,they just want to use it because of it's being a decentralized and anonymous..

I agree, people who use bitcoin are intelligent people, most of them are computer savy or we can say expert in the field of IT, they understand that what is most important is not the developer but the system itself. The system is transparent so nothing matters.

Yeah, most of the people doesn't care of him even he is the one behind the bitcoin, and his success is all about on how people is using his
invention. But literally knowing him isn't a factor for bitcoin prices increase at all.

What about the recent price surge? No effect at all?!

knowing satoshi is very bad, because the governments might assassinate him and steal his coins and dump them on the market.

or steal them and keep them (which is slightly better, because even though the government would profit, at least they don't crash the market)

Recent price surge was caused not by news about Satoshi but most likely by Chinese speculators who wanted to transfer wealth outside PRC
(which is extremely hard to do since government's regulations regarding FIAT transfers are harsh).
For now buying bitcoin and transferring it is the best option to send large amount of money outside Chinese border.

I'm not sure what he in a single person or maybe they are hiding or hiding a group of people. And what about knowing satoshi I agree that would be bad.

Theirs no scientific or marketing proof that revealing satoshi nakamotos identity can affect bitcoins price because hes just the dev of the coin and the maker and only can manipulate the price is the investors and people who use it, and if many people will buy it can make the price move go up and thats what happening now because people are intended to buy for this state knowing halving is nearly to come sure people are intended to save rather than selling it,

You know that Satoshi is believed to own more than 1 million of BTC, right? Many believe that Bitcoin is not totally accepted because something called "Curse of Satoshi".
Not knowing when or even if Satoshi's coins will be moved bitcoin community is living in constant fear that he might appear someday and start dumping his coins - which will lead to market crash.

That's not gonna happen mate because the more bitcoins get successful the more the real satoshi benefit from it, so he would not sacrifice his constant earning with just one mistake of dumping.

He doesn't get interest on his Bitcoin holdings, so your idea of his "constant earning" is stillborn, null and void. Unless he spends his stash, it is of no use to him, if only to boost his ego...

If he is still alive at all

There is no clear reports if satoshi is still alive or dead, I don't know but if he is alive for sure he is now rich with his creation which is
the bitcoin today. And it doesn't matter even if we knew him, maybe that would be an additional information if we know him. But for price,
no effect at all.

There was actually a clear report of the real identity of satoshi nikamoto but the people within the community are reluctant to believe and its also not a big deal for them as they believe revealing the true satoshi would not affect the market of bitcoin. Bitcoin has been in existence for many years, it was already tested through times and now it is still functioning and stable when in comes to security and transparency.

Yeah i think it wont effect.. and i think many people are saying that they are satoshi nakamoto but the truth is not.. and someone said that satoshi is one of the group but we didn't know what is the truth..
Even i don't know who is satoshi nakamoto bitcoin is ok and more store are accepting bitcoin as payment.. no problem about knowing satoshi..

I think Satoshi's identity is irrelevant. It doesn't change the code or use if he is known or not.
He might be "good" or "bad", but that doesn't change how bitcoin can be used
If I found out that the inventor of the wheel was a bad guy, I would still use it

Satoshi finished his mission. The only relevancy is that he has got around 1 million bitcoins, He will be the richest person in the world in a few years.

Knowing who the real satoshi is is not going to matter and he will not effect the bitcoin price. Everything will stay the same, maybe he will attract more people because of the media attention that he will get after being discovered.

If this event was played right, there might be a positive effect on Bitcoin price, with those media around the world airing about Satoshi Nakamoto's real identity will surely give Bitcoin a huge amount of exposure not just in a single country but in every corner of the world that media reaches, and informing those who doesn't know bitcoin exist telling them the basic of Bitcoin, well news does that:D

Knowing who the founder of bitcoin does not affect the current price of bitcoin or its transaction. What matters to people is the usefulness and value of bitcoin in their daily lives.

Exactly, we control the price and not satoshi nikamota, if we don't patronize bitcoins then this coin will be dead and this actually the big advantage with bitcoins among other altcoins because of the mystery that would amaze people in the crypto world.

Exactly as quoted knowing the bitcoin founder nothing is gonna get impacted. Possibly a long time identity gets revealed as well a long time expectation of most users of knowing the personality comes to an end.

Yes,Is the same as in the automotive industry to know who were the first inventors not affect the price of cars.

If we know who the Satoshi is, then we will be afraid that if he will dump the bitcoin to drive down the price.

In my opinion, nothing.  The case is now even more complicated as it was when satoshi was anonymous. Now we have someone who claims to be a satoshi but can not prove it. Technically, if someone can move the bitcoins that satoshi mined in early days then we can safely say that he is real satoshi or at least there is such possibility but since it’s not happened so far, we can’t conclude the real identity of satoshi. There are numerous possibilities including, he might be reading this post and laughing at it.

Knowing who Satoshi is is pretty irrelevant to the Bitcoin price. The market of Bitcoin depends on the investors if they are investing more money or if they are dumping their coins. Even if Satoshi reveals himself with proof and everything, this will not affect the Bitcoin price. That would not be an invitation to non-Bitcoin users to join our community in any way. That would also not encourage the present Bitcoin users to invest more money (except if there's a promo or something).

I do not know maybe it will just make bitcoin user a relief to know who is really satoshi and the real developer or creator.  It could increase the volume of user of bitcoins and it will attract people since they already knew that satoshi is real.  I would love to see him in person and maybe ask some partnof his bitcoins.  Jk.