Bitcoin Forum

...we don't know who Satoshi really is. Does it matter? Yes it does. It makes a big difference.

Because if Satoshi is Elon Musk or the government then we are all being fooled and BTC may not be what we're hoping for. I'd be extremely disappointed myself and I'd probably sell everything the next minute.

I am a huge BTC supporter but sometimes the thoughts above scare me. Maybe we're living an experiment.

How Elon Musk can be Satoshi he doesn't even look Japanese?

And why do you want to know about him it's not a good idea to find the founder of Bitcoin. Anytime if they know Satoshi Nakamoto personally there is a huge risk that they can use Satoshi to manipulate the market or kidnap to force him to give all of his BTC holdings including the private key of burn BTC address like this one 1CounterpartyXXXXXXXXXXXXXXXUWLpVr or this 1111111111111111111114olvt2

Which holds a large amount of BTC and can be used to manipulate the market.

That's why Satoshi choose to hide his identity to protect himself/his family and the future of BTC from bad people.

It's actually the opposite, it doesn't truly matter if Bitcoin created by government, or by some group of people with hidden motives or by some mad genius, Bitcoin is open source, it has been studied by thousands of people who are some of the best in their fields, and no one found any backdoors in it, so why worry about motivations behind the creation of Bitcoin?

It doesn't matter to you. But it matters to me. If it's created by the government it can't be as open source as you may think or they want you to believe.

So you would sell an asset of yours that you have trusted because of its design, you have defended it for years (I assume) and you have used it flawlessly just because you will find out that the one who invented it is a guy you don't like?
I have to be brutally honest, this sounds so damn stupid!
Stop drinking Fanta then cause it was invented in Nazi Germany! Damn, just look at who invented and created tor and onion routing.


Sorry, but why should Satoshi be Japanese in the first place?
When I was in college I was choosing all my nicknames to be either Arabian or Chinese on forum games I used, and I can't speak 3 words in those languages and I did that because pronounced as you read things in my language they sounded funny as hell.

This has nothing to do with your Fanta example. Musk is playing all of us right now and I'd refuse to be a part of a bad joke.

Meanwhile let's hope under the Satoshi nickname is an individual/organization with good intentions.

It has a lot to do...
First, do you consider yourself a toy of Musk? Good! I don't!
He is just trolling around, if guys are falling for his trolling and are selling bitcoins it means that the faith they've put in the coins is less than previously assumed, why should a coin whose value is based on trust not fall when people don't trust it anymore? It's a normal thing and you have to make your own choices, remember, this was all about freedom, not imposing others to bow down to it daily, what to say about it and how much to pay for! And if Elon alone is able to render BTC useless then we certainly have a problem, this thing was supposed to resist all-out government censorship and it's getting killed by tweets?

And one more thing...


Again, how can an open source thing not be open source when it's created by the government? Care to explain?

For me, it will never matter who he is, the only thing that matters is what he has done for the world, without seeking any privileges or merits for his achievements - this is a very rare trait in people today.


Don't make me laugh, EM and the person behind the pseudonym Satoshi Nakamoto are completely different personalities, and even if some government is behind the whole project - it was completely out of their control a long time ago. In addition, what Snowden revealed in his documents is that the three letters agency were seriously working to bring BTC under control back in 2012 - which tells us enough that they are not behind the project, or that they have lost control of it, irrevocably.


Life is one big experiment, and also life is too short to live in fear of some imaginary things - if you want to be afraid of something imagine that this whole world is one big experiment of some much more advanced civilization - than the problem of Bitcoin really seems insignificant as one grain of sand on the seashore.

I guess you are right, Elon Musk has a huge ego, if he would have invented Bitcoin he would be yelling on the streets now, he does the opposite and behaves like a BTC hater instead.

Also the banks don't love BTC too much so probably the government is out of the equation as well...

It doesn't hurt thinking about these matters though, just saying :)

Maybe this is an experiment but you are overthinking it. If you look carefully you will understand that Satoshi was a person that studied the cypherpunks, could have been one of them, or many of them too. You may not know this, but the cypherpunks, were considered at a very high position all over the world. Economists knew about them, (the smart contracts by Wei Dai, and everything they were creating) and were observing. Now, Bitcoin happened anonymously, and Satoshi is currently an idea.

When I started looking years ago, I first knew the word Bitcoin and Satoshi came after that. We don't have to keep looking as it has been so long Satoshi left that it doesn't matter any more. What matters is if there will be any kind of control on Bitcoin by governments or banks right now. Because then it will be Bitcoin losing all its value.

Satoshi could've literally been Hitler, Stalin, or even Satan himself and it still wouldn't matter because Bitcoin is already decentralized. But of course, not knowing who the creator actually is, is far more beneficial.

No offense, but like you should literally know this by now, being here since 2013.

Why does it matter so much to people to know who Satoshi is? Apart from his 1M+ coins sitting idly on his addresses that was never touched for more than 11 years, there's really not that much room for him on the space. He himself despises centralized authoritarian figures, and he is being viewed as one by most people currently albeit being absent for a long time now. In terms of development of the code, we have a number of capable and extremely skilled developers continuing to better the small (and large) details that was missed before, and still bring quality-of-life updates from time to time. All in all, bitcoin is doing good without Satoshi, and perhaps was the plan all along.

In my opinion, Satoshi left this project to protect it, not to experiment with the society, if we assume that they're the government. There's nothing wrong I see about this. You see, sometimes it's not enough to characterize a network “fully decentralized” if the creator is known by everyone. The creator will sooner or later affect the market whether he wants it or not, especially if he holds an important amount of coins.

Why should Satoshi be Japanese?

You said it yourself. Burn addresses. No one holds their keys.

From the beginning of my crypto life , i am coming hearing that Bitcoin is decentralised i.e. it can’t be controlled by any government. So how come this thought came that BTC might be created by some government with a hidden motive behind it?

Moreover OP, I don’t think Satoshi is Elon Musk, i might not have the strong reasons to prove my point, but yes i am sure that Elon is not Satoshi. I too heard somewhere that the person who developed Bitcoin was somewhere from Japan or China.

So if it’s also a blind hope, but still we need to consider the fact that Satoshi is never musk and try increasing the marketcap of BTC.

I also thought about the same thing. But none of the factors support this kind of thinking, and I don't really care about who the satoshi are. Do you think so because of the current market conditions? did not this condition ever happened? we only need to change the strategy in investing in crypto.

Knowing him right now will bring no benefit to the market until he says something about it. Of course, he might know something that we don't know right now but until proven, that won't bring any benefit to us right now. Just find some way that will benefit you in the current market situation that would be a good idea than looking for someone whom we don't even know if he is still alive or not. The current situation of the crypto market is not new to us. if you already have experienced how it works for the past years, you won't really care when the price looks like that cause you know by looking at its past history that it would recover again.

Everybody at one point this thought would have crossed our mind but I wouldn't say we were fooled because of the investment opportunities that this has given with the profit associated. Do you know the number of people who have made money from investing in Bitcoin in which we do not know who satoshi is, I won't call it a flaw.

Please don't wait a minute and sell everything now quickly, because you don't look like huge BTC supporter as you say you are.

You created so many topics about EM troll in last few days that you are probably obsessed with him, and I am reporting them for being off-topic and not related to Bitcoin section.

Not knowing who Satoshi Nakamoto is actually a big advantage for Bitcoin because there is nobody to arrest and blackmail.

Indeed, I also noticed that he maybe making his own hate club in this forum. All of his post is only hate towards EM, making conspiracies and many more without any substance, or evidences that will make his claim a little bit reliable.

I am just revealing the realities and open people's eyes. If Elon would do noble things I'd open appreciation posts about him. But he is only spreading FUD and poor people are losing money.

As for when to sell my BTC it's not your business so please mind yours. You can do what you want with your crypto, I don't tell you what to do and I don't care also.

As for unrelated posts to BTC, they are related to BTC because EM posted about BTC a lot in the last days.

There is a saying: you reap what you sow and it's true for EM as well. Peace to you both.

Even we are living in an experiment, but seems that experiment becomes successful. So I don't think the creator will destroy his kingdom since it's going very well. Your concern is legit, the whole market would be destroyed within hours if we hear Bitcoin has been created by any secret agents which is centralized. But my beliefs will not happen. Most probably the creator already decide to keep himself anonymous forever. Even we hadn't noticed he is getting any advantage from Bitcoin. Let's think positive, if there was someone like Elon, then it wouldn't be secret since for a long time.

I can confirm Satoshi isn't Elon musk because Satoshi was considered an innovator (one of the first to perfect blockchain technology)...

What difference does it make who the creator of it was? Do you not think someone would've had a good story to sell by now about how easy it was to break the encryption on bitcoin/track its users).

Google broke md5 and published their proof on that (afaik) we'd have the same with bitcoin if that was the case with either sha256 or ecc.

It is really imposible that Elon Musk and Satoshi Nakamoto is only a one person because in the first place, Elon Musk recently invest in cryptocurrency. If he is the teal Satoshi Nakamoto then once he gets rich he will be able to invest all of his earnings into the cryptocurrency which is his own project * if Elon is Satoshi*. But no he just make his movement and investment recently so I don't think this two person is the same.

Lol. I even read an article that 56% of Australians believed that Elon Musk invented Bitcoin. I found it in Facebook and it seems like it is a pit of FUDs right now after the recent price movement of Bitcoin. I am pretty sure that the rest truly knows what bitcoin is and they're not being controlled by celebrities.
56% of Aussies think Elon Musk invented Bitcoin (https://www.fool.com.au/2021/05/19/56-of-aussies-think-elon-musk-invented-bitcoin/)
Not sure if this is the one I scrolled through earlier in Facebook, but it is similar.

On the contrary, I am not a supporter of conspiracy theory and other similar thoughts. Bitcoin is a great idea brought to life and for me it makes no difference who came up with it and why. There are plenty of opportunities for manipulation by the government and other lovers of leading the masses around us. Think Bitcoin is another tool for this? Maybe. But it is also an opportunity to earn money for a lot of people who did not have such an opportunity before. In this sense, it is a blessing.

What reality, when what you are only saying is your own OPINION that has no proof nor evidences that will support it. It is not "REALITY" if it is not real in the first place.

His name does not significantly means he comes from Japan, well people do use very different names to keep their home country a secret. The thing about being a huge risk is honestly very true. Bitcoins did bring a whole lot of changes in the existing society and the government won't even the slightest chance of keeping that man behind the jail and there are already agencies after Mr. Satoshi. Trying to find him to make sure they keep the whole world centralized and corrupted.
They will literally blame him for bad transactions in lieu of drugs etc with Bitcoins. People won't leave him alone also, there are one's who lost a fortune here and they will haunt him down and at the same time bully his family. He did think of all this beforehand which literally baffles me since the man trusted enough that Bitcoins will be big and he will be a wanted man.
Elon musk can't be Satoshi. If he was he would have tried and copy write the whole thing and made us pay per month. He is too greedy.
..

It's unlikely, so far I have no reasons to doubt bitcoin's legitimacy. But even if you are right, we can do nothing about it. It's not possible to have sure if we are being manipulated, or if bitcoin's creator is member of a centralized organization, so it's a pointless discussion that will lead to paranoia only. The most important here is that you are satisfied with bitcoin fulfilling your objectives and needs daily.
Moreover governments are too busy thinking about their own centralized crypto currencies and businessmen too worried about creating or promoting their own shitcoins. They don't act like they were involved with bitcoin somehow.

Not sure if it's a satire news or just trying to make FUD news for their fellow Aussies and maybe the guy who created the article knew that lots of australian people are investing in Bitcoin that's why they made the article or people are just really fool to believe that Elon Musk is the creator. This is almost the same as what happened to CSW but before that we have McAfee then CSW the fraud and then Elon Musk? He's just trolling around then invested the dogecoin then Bitcoin, I can't believe people are following Elon tweets then "surprise it's a FUD/Pump".

And what difference will it make if we know who the real satoshi is? What's gonna happen if the person doesn't meet our expectation? it will just make things more chaos. I don't think Elon Musk or government is the one behind satoshi though, and I don't think we need to know about him too. I don't really understand what kind of experiment you mean by those words? To see how people react? or what? I'm not really get what you mean, please enlighten me.

Perhaps that is why he went to such great lengths to attempt to conceal his identity?

Actually his identity matters, kind of. He's potentially in control of a million Bitcoins, imagine if one day we find out that Bitcoin was actually created by the North Korean Government :P.

Come on. That is called a burn address for a reason, it is practically impossible for someone to have a keypair that corresponds to that address. Not even Satoshi would know, it is mathematically improbable.

No, Elon Musk is Satoshi not even in his dream. It is obvious that there is nervousness that comes from investors around the world who worry about financial regulations emanating from the powers of centralization.

I have seen investors like those who sell so fast at the first pressure are called "weak hands" and other stronger ones who know that bitcoin is the one who makes the cryptocurrency market prevail and the power of decentralization.

That's right, Satosi is very hard to find, No one knows who satoshi nakamoto real identity is, but I'm sure it's neither Elon Musk nor the government. If they created all this, they wouldn't hate it, they wouldn't like the decentralized nature.

That's right, If he's Satoshi, looking at the price of bitcoin that's already reached $50k I'm sure they'll sell it, that's an incredible amount. I also realized that Satoshi had been selling his bitcoins for a long time, or that satoshi had lost access to his wallet.

the headline i saw the other day on Australian news was that Elon is satoshi. Elon must have hate BTC so much because his PayPal company was beaten by cryptocurrency and if he was the one who created BTC, he could actually destroy BTC and the entire crypto industry so why did he not do it but instead play dogefather?

he'd be rethinking claiming he is satoshi because the government had his ass already.

You think the government will create a decentralized space and still do everything they can to ban it and prevent people from using it? Or that egocentric rich dude will have the capability of creating a genius tech like this and make it open source! Neither of the above I would say, Elon is too self centered to create something like btc and Government are too damn strict also to be involved,  so none of the above.

It actually doesnt matter now who is Satoshi. The thing here is that the real Satoshi already achieved what he wanted to achieve with bitcoin. Being recognized as payment transactions and being use with its blockchain purposes.

And Elon actually far different from the real Satoshi. Though this dump happens after taking back his support with bitcoin followed by China's banned. But have we seen so much like this before? And yet this is not new and we've seen this dip but we have manage to handle our holdings until it will gonna boom again.

Your claim is not realistic at all. So Why would the government create something they can't control or even regulate, to begin with? That's illogical and stupid on their part. Also, Satoshi and Elon Musk? By the name itself, there's no connection at all, and he will proclaim himself as the creator of BTC if he was really the one. Lastly, BTC is an experiment coin to begin with it is just consider as the most successful cryptocurrency coin used nowadays.

Well I believe that Bitcoin was created by the central bankers, and it was released into the "geek" community to see how it developed, and to get some ideas about public acceptance. They are going to develop one or more centralised digital currencies, and we are starting to see those appear. The 10 minute block generation time, and the 21 million cap ensure that it will never become a world currency with mass adoption. It is taking its place alongside gold, silver and platinum, and I can see copper also joining that select list. The bankers don't seem to be worried about, as they seem to be buying most of the available Bitcoin. In my opinion, that ensures it position as a store of wealth.

The identity of Satoshi Nakamoto have really become a major concern for some people throughout the years of Bitcoin existence om which many have really got curious even I, myself have also been into that stage at the first time I have been into this industry. Well, for some reasons some people take it seriously to be take into account that his identity is important for the sake of Bitcoin but I think it will not already into that way for now or still it depends if ever he wishes to expose himself which I think might be an impossible thing to happen for he want anonymity and privacy for his own life I think. Maybe for some it is a big deal already but for many people, as long as they are benefiting with it, it doesn't bother anymore to know who Satoshi Nakamoto is.