What would happen if Satoshi Returned ?

[cryptor0th]

So amidst all the Satoshi hype that's gone in with each time the media saying they have found the man, I have been wondering what would truly happen if Satoshi did return. As it stands, I believe, nothing really would happen because the currency has reached a point of decentralization where-in Satoshi cannot single handedly influence the project anymore. He will definitely have a cult following and companies begging him to be on their board. Hell, I even see him getting a Nobel prize for economics, but apart from that what do you think could be the possible implications ?

For me, the single biggest concern is the 1m+ Bitcoin in his possession.
Technically, he single handedly owns over 5 percent of this monetary system, which in my opinion is a heavy concentration with a single individual. He could definitely liquidate it over time, but I doubt how the markets would react to the same.

Thoughts guys ?

[tobacco123]

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

[cryptor0th]

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

"depends on noone, controlled by noone"

What about the miners ?
Don't they have a certain amount of influence?

[ASHLIUSZ]

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

"depends on noone, controlled by noone"

What about the miners ?
Don't they have a certain amount of influence?

Bitcoin's value is a perceived regard for its benefits and usefulness that the Bitcoin protocol depends upon for its existence. Bitcoin Miners are rewarded bitcoins for processing.

[cryptor0th]

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

"depends on noone, controlled by noone"

What about the miners ?
Don't they have a certain amount of influence?

Bitcoin's value is a perceived regard for its benefits and usefulness that the Bitcoin protocol depends upon for its existence. Bitcoin Miners are rewarded bitcoins for processing.

What am trying to say is, don't they practice a certain amount of power if they pool together 51 percent of mining power.

[AGD]

A lot of people would ask him for a donation.

[AgentofCoin]

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?
Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

"depends on noone, controlled by noone"
What about the miners ?
Don't they have a certain amount of influence?

Bitcoin's value is a perceived regard for its benefits and usefulness that the Bitcoin protocol depends upon for its existence. Bitcoin Miners are rewarded bitcoins for processing.

What am trying to say is, don't they practice a certain amount of power if they pool together 51 percent of mining power.

Craig, stop writing questions to the community that you already know the answers to.
Start working on your book. Have you reached your 5000 word quota for today?

[cryptor0th]

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?
Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

"depends on noone, controlled by noone"
What about the miners ?
Don't they have a certain amount of influence?

Bitcoin's value is a perceived regard for its benefits and usefulness that the Bitcoin protocol depends upon for its existence. Bitcoin Miners are rewarded bitcoins for processing.

What am trying to say is, don't they practice a certain amount of power if they pool together 51 percent of mining power.

Craig, stop writing questions to the community that you already know the answers to.
Start working on your book. Have you reached your 5000 word quota for today?

Man, I wish I were Craig. Dude is a millionaire. Am struggling to pay college tution.

[--Encrypted--]

FUDsters would go full throttle, using satoshi's suspected wealth as their weapon. some people would refuse to believe him/her and starts asking questions. and the traders might go to panic mode.
one thing for sure, the community will be thrown into uproar.

[cryptor0th]

FUDsters would go full throttle, using satoshi's suspected wealth as their weapon. some people would refuse to believe him/her and starts asking questions. and the traders might go to panic mode.
one thing for sure, the community will be thrown into uproar.

Possibly. Or maybe the uproar passes in a month's time when the people realize everything is decentralized. I didn't see a heavy downward pressure on the price of Btc during the wright fiasco.

[knowhow]

Well the only problem around a return of Satoshi would be the coins he really own,if he drop some people could follow him and make bitcoin worth nothing in the short time,because to make him drop their coins would mean two things something bad coming to bitcoin or he dont wanna anymore be conected to bitcoin ,in any way he had made already bitcoin soo a returning now would just expose him and make him a target from the country he lives.

[cryptor0th]

Well the only problem around a return of Satoshi would be the coins he really own,if he drop some people could follow him and make bitcoin worth nothing in the short time,because to make him drop their coins would mean two things something bad coming to bitcoin or he dont wanna anymore be conected to bitcoin ,in any way he had made already bitcoin soo a returning now would just expose him and make him a target from the country he lives.

Pretty much all the argument I've heard against his return : The coins he holds.

[gabmen]

all of us here doesn't care if he returns or not, we all still believe that this kind of currency should not be stake to one person or groups we all here because we love how bitcoin works for us, so no matter he return or he is the real satoshi as long as he won't do any changes to our community it won't bother me.

[interbtc]

He could definitely liquidate it over time, but I doubt how the markets would react to the same.

Thoughts guys ?

From his very own start he did not show any sign of interest in money or wealth. If he did , theres no doubt that atleast a portion of the funds from
addresses that he posesses would be moved and traded with, or at the least part of it dumped on the large bubble back in 2014.
I think he never left the scene, but that he is observing from behind the curtains, still only interested in nothing more than progress of this gamechanging project.

[European Central Bank]

How's Satoshi gonna prove who he is? Private keys and PGP stuff can be coopted by other people. I guess he could produce some research and early drafts but even then maybe this community is too far gone to believe anyone no matter they come up with. I also think he's far too clever to attempt a comeback.

[Minecache]

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

His 1m is now only 15% total supply so the worst could be 15% variation. But as others have said Satoshi if not dead to life is still dead to Bitcoin because he's been out the scene so long now.

[yenxz]

A lot of people would ask him for a donation.

excatly,that will happen for sure,people here or other group that knowing satoshi is return and show his identity to public will ask for donation or maybe giveaway we know he has so many bitcoins.

[alani123]

The price would drop. If someone, anyone provided irrefutable that he/she is Satoshi by signing one of the early blocks, we'd be certain that someone has direct access to a million or more bitcoins that were so far crossed out by traders. This immersive amount of timidity liquidate wealth that would suddenly be back on the table would cause a lot of panic as traders wouldn't really sit well with an elephant on the room.

[mki8]

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

His 1m is now only 15% total supply so the worst could be 15% variation. But as others have said Satoshi if not dead to life is still dead to Bitcoin because he's been out the scene so long now.

your calculations a bit off, as 10% of 15m, is 1.5m,
so he actually has about 7%, but when you consider there may also be a couple million lost coins, its probably about 10%
now btc has taken 10% nosedives, so unless his 1m were added to the whales that currently manipulate the market
it wouldnt be much difference
sure when trading it would make a huge difference for a while but it would be short lived
price would just settle down 10% lower, and then continue as normal.

one thing i really hope is that those at the top of the bitchoin chain,
are not all in together bring out stories for media and pumping and dumping all together
the temptation would be there for a handful to manipulate bitcoin and earn millions
but if this were true and ever found out it would destroy bitcoin in seconds

[Hirose UK]

A lot of people would ask him for a donation.

LOL. that's an unique thought. are you sure he will donate to a lot of people asking for it? 

if he would return, perhaps he will bring new sollution for what he has failed.