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expert4knowledge (OP)
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May 03, 2016, 09:18:52 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".
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The Sceptical Chymist
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Cashback 15%
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May 03, 2016, 09:24:19 PM |
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I don't think it's affecting the price much at all, and it doesn't seem like it should. It doesn't affect how bitcoin currently functions, does it? And the I don't think it's been verified, has it?
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expert4knowledge (OP)
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May 03, 2016, 09:27:37 PM |
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I do not know technical layers of bitcoin well, however if it lead to knowing some more about mining algorithms or controlling bitcoin or it lead to releasing of much bitcoin then it can have effects.
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jackg
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May 03, 2016, 09:30:32 PM |
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There won't be a great effect on the price.
If satoshi is found to be a good person with a good history the price may incease.
If satoshi is found to be a bad person with a bad history (e.g involvement in crime) the price may decrease.
These will be unsubstantial amounts of changes.
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expert4knowledge (OP)
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May 03, 2016, 09:48:09 PM |
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There won't be a great effect on the price.
If satoshi is found to be a good person with a good history the price may incease.
If satoshi is found to be a bad person with a bad history (e.g involvement in crime) the price may decrease.
These will be unsubstantial amounts of changes.
Yes, good points and specially if it is found that Satoshi did some very bad abusing by bitcoin it may have some collapse. |
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7788bitcoin
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May 04, 2016, 03:01:51 AM |
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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.
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pooya87
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May 04, 2016, 03:53:42 AM |
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i doubt if the price moves that much because of the revelation there may be some hype here and there to move it sideways a little though. but i think moving the coins can affect the price in a bad way though. p.s. i haven't seen any proof yet about his claims. 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".
As seen in the recent drop following the revelation, it would seem that it caused the price to drop. it is back to $450 again despite the news about alleged satoshi wanting to move coins from early blocks. so i guess the dip was not related. |
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avikz
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May 04, 2016, 04:23:43 AM |
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First of all, the news seems fake. I think that professor is trying to become famous by doing such stunts as this news doesn't have any realistic base.
Also I don't think there will be much impact on bitcoin price because the bitcoin price is based on many factors which are based on facts and numbers. Market cap also plays a major role.
So unless more and more investments are flowing in to the bitcoin market, I don't think any major impact would happen on bitcoin price.
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quintiilieo
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May 04, 2016, 04:41:24 AM |
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I think the effect of knowing satoshi in bitcoin price will not affectted because theres no connect of the price in the name of satoshi even if he is the creator, but if he has the amount of 50% of bitcoin he can control bitcoin price by hoarding it.
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Amph
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May 04, 2016, 05:57:24 AM |
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probably nothing, the value did increase a bit, because of steam and the recent update with the upcoming segwit
we are still stuck there at 450, also that guy is probably a fraud, not the real satoshi
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Hatuferu
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May 04, 2016, 06:22:10 AM |
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No effect, people are skeptical if he really is the founder or creator or bitcoin. Bitcoins has become stable despite the fact that it was created by anonymous person so it will remain stable and will go surging strong in the near future.
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1Referee
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May 04, 2016, 06:25:56 AM |
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The real effect is that some dumb people have starting to sell as soon as this "news" came online. It surprises me how easy it is to trigger panic sellers. Easy money for whales.
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Kakmakr
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May 04, 2016, 07:00:48 AM |
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The identity and the person behind Satoshi is very important. If the individual is found to be a little crazy, people might fear that he or she or they might dump that million coins onto the market and this will have a significant impact on the price. A massive dump will increase the supply and the price will go down considerably and people will lose money on their investment.
If it turns out that the creator or creators are part of some secret agency with hidden agendas, the people will pull their investment and sell their coins. < Examples - Anarchist groups / N$A / CiA / Muslim extremists / Pedophile ring > In this sense, the creator should be someone everyone will accept and trust.
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thend1949
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May 04, 2016, 11:03:31 AM |
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Theres no effect in the price because theres no connect in the price of bitcoin if we know who is satoshi .
But if many people want to have affect they can do it by hoarding it. But i think why they do this ? They just want if they do.
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NUFCrichard
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May 04, 2016, 01:07:05 PM |
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That bitcoin gets in the press a little more is good for the price. Especially as this time it isn't for a massive pump and/or dump!
If the real Satoshi shows himself I see that it could go either way. He might dump, which would be a nightmare, or he could try to move Bitcoin back on track, which would be great!
I don't think we will ever know 100% who Satoishi is, I expect lots of unconfirmed rumours, but hopefully he is now pseudonymous now, for good.
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hasiramasenju
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May 04, 2016, 03:00:43 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".
i was heard that these news was not right and if these is true i really wish that will be good effect for bitcoin but seems in these few days i didn't see any good effect regarding these and nothing happen to bitcoin prices because the prices seems stuck at $446-$448 |
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pitham1
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May 05, 2016, 01:50:48 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".
As seen in the recent drop following the revelation, it would seem that it caused the price to drop. That probably had something to do with Craig Wright's reputation. He had run ins with the tax authorities in Australia previously. |
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adibe
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May 05, 2016, 03:07:37 AM |
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I don't think so. Knowing or not the satoshi is, i think it will not affect the price of bitcoin. Maybe it will, but only small affect to bitcoin's price.
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alani123
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May 05, 2016, 03:21:45 AM |
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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.
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sirohige
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May 05, 2016, 04:01:56 AM |
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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-5now dave kleiman has died. i think the price of bitcoin will be rise again, "block halving is good reason for it" |
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