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Author Topic: What is the effect of knowing Satoshi on bitcoin price?  (Read 5008 times)
Enotche
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May 05, 2016, 07:54:01 AM
 #21

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.
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May 05, 2016, 07:55:55 AM
 #22

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.

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" ....  Roll Eyes

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May 05, 2016, 08:04:49 AM
 #23

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.

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  Grin

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May 05, 2016, 02:07:52 PM
 #24

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".
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.

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May 05, 2016, 05:19:46 PM
 #25

"Australian professor Craig Wright reveals himself to be Bitcoin founder Satoshi Nakamoto".   I dont think it is true
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May 05, 2016, 05:59:35 PM
 #26

"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.
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May 05, 2016, 06:35:57 PM
 #27

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"

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.

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May 06, 2016, 04:59:07 PM
 #28

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".

Yeah but it looks like it might not be the case after all....  Wink
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May 07, 2016, 06:28:22 PM
 #29

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".

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

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May 09, 2016, 07:11:14 AM
 #30

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.

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May 09, 2016, 07:40:53 AM
 #31

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

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May 09, 2016, 09:02:14 AM
Last edit: May 09, 2016, 08:50:28 PM by deisik
 #32

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".

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
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May 09, 2016, 09:16:14 AM
 #33

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

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.

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May 10, 2016, 03:14:15 PM
 #34

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.
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May 11, 2016, 03:41:23 AM
 #35

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.

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May 11, 2016, 07:05:34 AM
 #36

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.

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.

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May 11, 2016, 07:23:32 AM
 #37

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.

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May 11, 2016, 07:38:38 AM
 #38

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'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.
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May 11, 2016, 08:05:12 AM
 #39

It will have negative effect if the Satoshi does something "wrong" in the real life. People will link him to bitcoin.
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May 11, 2016, 08:21:51 AM
 #40

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.

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