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Oscoda
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May 17, 2016, 03:31:11 PM |
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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 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. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Hatuferu
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Activity: 1092
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https://trueflip.io/
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May 18, 2016, 09:02:11 AM |
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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 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. |
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Finestream
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May 18, 2016, 12:21:46 PM |
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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 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. |
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expert4knowledge (OP)
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May 18, 2016, 09:22:46 PM |
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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 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. Yes, in some aspects you are right but the thing is that it may have negative effects on bitcoin credit. |
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expert4knowledge (OP)
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May 19, 2016, 02:19:26 PM |
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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 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. On the other hand, if Satoshi was a very fmaous person then it could be good advertising for bitcoin. |
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eternalgloom
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May 19, 2016, 02:25:56 PM |
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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.
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mindrust
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May 19, 2016, 02:37:24 PM |
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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.
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expert4knowledge (OP)
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May 19, 2016, 03:48:07 PM |
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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. |
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Mr.grin
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May 19, 2016, 04:23:06 PM |
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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
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btc-facebook
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May 19, 2016, 05:04:46 PM |
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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. |
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wintermeasures
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May 20, 2016, 02:43:10 AM |
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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 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 |
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Hatuferu
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May 20, 2016, 05:13:57 AM |
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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 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. |
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Monnt
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May 20, 2016, 05:30:00 AM |
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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.
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deisik
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May 20, 2016, 05:56:25 AM |
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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 |
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Supercrypt
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May 20, 2016, 07:24:25 AM |
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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. |
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deisik
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May 20, 2016, 11:45:45 AM |
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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 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 |
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deisik
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May 20, 2016, 12:00:29 PM
Last edit: May 20, 2016, 08:58:12 PM by deisik |
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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 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 |
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expert4knowledge (OP)
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May 21, 2016, 10:18:58 AM |
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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
Yes, it can have a positive effect on bitcoin but if and only if Satoshi is not a criminal and he is successful man. |
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Finestream
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May 22, 2016, 04:15:58 AM |
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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
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. |
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Blackmet
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May 22, 2016, 05:24:17 PM |
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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  |
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