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Author Topic: What is the effect of knowing Satoshi on bitcoin price?  (Read 5008 times)
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May 29, 2016, 10:56:28 PM
 #101

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".

In my opinion there is no effect at all

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


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May 29, 2016, 11:04:03 PM
 #102

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)
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.
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May 29, 2016, 11:23:18 PM
 #103

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".

In my opinion there is no effect at all

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

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,


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May 30, 2016, 12:07:19 AM
 #104

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".

In my opinion there is no effect at all

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

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.


           █████████████████     ████████
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▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
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██
██
██
██
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May 30, 2016, 12:33:46 AM
 #105

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".

In my opinion there is no effect at all

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

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.

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May 30, 2016, 07:36:02 AM
Last edit: May 30, 2016, 09:20:29 AM by deisik
 #106

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
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May 30, 2016, 08:07:55 AM
 #107

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 still-born. 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.

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May 31, 2016, 05:41:31 AM
 #108

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 still-born. 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.

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May 31, 2016, 05:49:07 AM
 #109

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 still-born. 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..
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May 31, 2016, 06:14:02 AM
 #110

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
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May 31, 2016, 03:25:39 PM
 #111

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.
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June 16, 2016, 01:58:15 PM
 #112

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.
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June 16, 2016, 08:43:38 PM
 #113

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
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June 17, 2016, 12:08:40 AM
 #114

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".

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.
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July 02, 2016, 08:12:57 AM
 #115

Well knowing satoshi nakamoto seems to have no effect on bitcoin price. It have no effect because the people is what control the price not him.
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.

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July 02, 2016, 08:30:20 AM
 #116

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".

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 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.

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July 02, 2016, 10:12:47 PM
 #117

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".

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 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.
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July 04, 2016, 12:46:40 PM
 #118

Well I think we knowing satoshi does not affect the bitcoin price. I think it will not affect the price because he got no proof that he is satoshi and I don't think that we knowing satoshi won't do anything to bitcoin price unless he will dump all his coins.

If we know who the Satoshi is, then we will be afraid that if he will dump the bitcoin to drive down the price.
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September 14, 2016, 12:48:29 PM
 #119

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.
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September 15, 2016, 09:20:46 AM
 #120

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).

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