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Author Topic: Why is there such a big problem with Satoshi?  (Read 2010 times)
KaChingCoinDev (OP)
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December 10, 2015, 10:09:14 PM
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So this Craig Wright claims to be Satoshi. It has the media and half the bitcoin community up in arms. Why is it such a big deal? The whole point of bitcoin was to have nobody controlling it. Whether or not Craig is Satoshi, why does anybody care? It isn't important to Bitcoin at all. The miners and the people who transact via Bitcoin are more vital to it's survival than finding Satoshi will ever be.
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achow101_alt
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December 10, 2015, 10:10:02 PM
 #2

Because people want to know who Satoshi is, and the fact that his identity is unknown increases the mystery and the curiosity that people have.

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December 10, 2015, 10:11:31 PM
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IMO there is seriously no point at all figuring out who Satoshi is. If he wants to stay anonymous, let him stay anonymous. It's just the media trying to leave the public a bad impression of bitcoin.
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December 10, 2015, 10:15:50 PM
 #4

Everyone is worried what is happening with the satoshi drama.
There are some information that can prove or identity any relatives of real satoshi.
But at the end is it important to know who is satoshi? bitcoin is rising and people love it

KaChingCoinDev (OP)
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December 10, 2015, 10:18:11 PM
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IMO there is seriously no point at all figuring out who Satoshi is. If he wants to stay anonymous, let him stay anonymous. It's just the media trying to leave the public a bad impression of bitcoin.

My point exactly. It just doesn't matter!
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December 10, 2015, 10:21:31 PM
 #6

He's rich AF & it's a mystery, people want to know who the man is behind the legend. He's a genius but for the record I don't think he'll ever reveal himself.

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December 10, 2015, 10:21:32 PM
 #7

Satoshi has somewhere around one million coins. If these coins were to be sold on the market, it could crash the price.
KaChingCoinDev (OP)
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December 10, 2015, 10:23:51 PM
 #8

Satoshi has somewhere around one million coins. If these coins were to be sold on the market, it could crash the price.

He could, but why would he if he founded it? Also, how would finding him allay any fears of that happening?
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December 10, 2015, 10:26:13 PM
 #9

IMO there is seriously no point at all figuring out who Satoshi is. If he wants to stay anonymous, let him stay anonymous. It's just the media trying to leave the public a bad impression of bitcoin.

My point exactly. It just doesn't matter!

Yep, and if he stays anonymous and unknown then there will be more interest in bitcoin, if you know what I mean Smiley
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December 10, 2015, 10:33:33 PM
 #10

A problem? I don't see any problem. One guy's saying he's Satoshi, and then what? What has changed? BTC's price is up a little, but BTC's price has been going up or down all year. Sleep well and sweet dreams. Satoshi being known or unknown, dead or alive, won't change anything.

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KaChingCoinDev (OP)
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December 10, 2015, 10:35:46 PM
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A problem? I don't see any problem. One guy's saying he's Satoshi, and then what? What has changed? BTC's price is up a little, but BTC's price has been going up or down all year. Sleep well and sweet dreams. Satoshi being known or unknown, dead or alive, won't change anything.

That is what I'm trying to say.

Everybody is hyping it up, when it really doesn't matter.
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December 10, 2015, 10:37:45 PM
 #12

Now the development and promotion deals with a completely different team. His appearance in light is very unlikely to be anything seriously affected. Another question in his millions.
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December 10, 2015, 10:44:36 PM
 #13

So this Craig Wright claims to be Satoshi. It has the media and half the bitcoin community up in arms. Why is it such a big deal? The whole point of bitcoin was to have nobody controlling it. Whether or not Craig is Satoshi, why does anybody care? It isn't important to Bitcoin at all. The miners and the people who transact via Bitcoin are more vital to it's survival than finding Satoshi will ever be.
I think most want to meet Satoshi to beg some free bitcoins from him Wink

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December 11, 2015, 08:37:09 AM
 #14

Satoshi has somewhere around one million coins. If these coins were to be sold on the market, it could crash the price.

no one said that those coins will be sold all at once, selling them slowly will not cause any harm

let's say 1k coins per day in 3 years of a time frame, it will be like a major pressure coming from miners

and if he is really satoshi he will not harm bitcoin by selling them and destroying the market
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December 11, 2015, 08:45:03 AM
 #15

Satoshi has somewhere around one million coins. If these coins were to be sold on the market, it could crash the price.
Yes, he have all that coins piled up, but the real question is: does it change if we knew who is Satoshi? Not really. It is not like we can make him keep his coins untouched forever.
Whenever his identity is known or not he can start to sell these coins if he chose so.
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December 11, 2015, 09:50:50 AM
 #16

There is no problem in my opinion. The media and the whole community just want to know who Satoshi really is?!

When you think of it more closely, this whole Bitcoin creation thing and Satoshi situation is as mystical as it can get. And as bitcoin is climbing in its success it will just be more and more mystical.

I expect for frenzy just to become bigger as time passes.
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December 11, 2015, 09:51:58 AM
 #17

I really do not understand the entire fuss. Who cares who Satoshi really is, let the man who created something really great be.

It does bring additional press exposure to BTC and crypto and as we all know there s no bad press.

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December 11, 2015, 10:01:16 AM
 #18

this media stories suck because they are reveal the poor journalism that we have.

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December 11, 2015, 10:02:21 AM
 #19

Yeah, I don't understand this either. I don't think it really matters either.
We are all satoshi whether you own a lot or just a little.
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December 11, 2015, 10:25:17 AM
 #20

Satoshi himself is not a problem at all. I think the main problem are the sleeping coins that he owns. I was watching a news channel here were this situation was being discussed. They claim that Satoshi has around 1,000,000 coins lying somewhere. I do believe he has a good load of coins, but nothing in the range of the 1 million.

It's purely the IRS that is hunting for Satoshi. They want his money. They want to tax him, or even worse. If they for whatever reason confiscate his coins, then the whole community will get shaken up. These coins will probably get dumped on exchanges to get fiat in return, or perhaps you will see the FBI put up these coins for auction. Either way, it means that there will be a huge load of coins, that were sleeping for years, come to life, and into the market.
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