Does finding out who created Bitcoin matter?

[DonJoePabst]

Beyond the fact that the founder has 5% of all of Bitcoins in existence in his possession (in which case it doesn't really matter WHO has them, just that there is too high a concentration of the currency in one place), what difference does it make who created Bitcoin?

This article argues that all of the recent coverage creates an air of uncertainty that could undermine confidence in the currency (and highlights uncertainty in currency markets in general, but I'm not sure I agree: http://freemarketfx.com/bitcoin-reminder-uncertainty-currency-markets/

Thoughts?

[Icathia]

That depends per person I think, for me it does not matter who the creator of Bitcoin is. I did not come and use Bitcoin because I like the creator but because I wanted to make money.
So I just do not care I only care about making money and the price. 

[DonJoePabst]

I agree but there's an argument to be made that not knowing (or having conflicting reports) draws attention to Bitcoin's lack of transparency and the extremely complicated, hard-to-understand way in which it is mined/generated.

[xuan87]

It depends, for user that played small part of bitcoin, it doesnt matter as long as it is usable and the price is good, but for investor and developer it is quite important to know who is the creator to develop the bitcoin further

[knowhow]

Well the person behind bitcoin the creator wanna and till the moment still anonymous it would be good for all know who made bitcoin,but be sure that several countries will try to put  him into the jail as they dont wanna bitcoin on their countries and people are giving it a bad use soo in the end i hope he or her dont show off,the other big concern is the ammount of coins in possion that can hit the market easy.

[Dissonance]

 Bitcoin is open source and it works why would the identity of satoshi matter at all in their decision to buy or sell bitcoin?

[DonJoePabst]

several countries will try to put  him into the jail as they dont wanna bitcoin on their countries and people are giving it a bad use

Could he/she really go to jail? Surely creating Bitcoin itself is not illegal, and they can't be held responsible if it is being used illegally?

[catlove]

This whole incident was contradicting to begin with. Why would a guy who wants to live a normal life and avoid being noticed, come out to say "I am bitcoin creator, and I can proof it!" It just seems that he wants to create some commotion in the news in hope to spike up bitcoins price.

[BellaBitBit]

No it does not matter if we find out who created bitcoin.  They have no intention of being found as it would distract from the technology. 

[DonJoePabst]

This whole incident was contradicting to begin with. Why would a guy who wants to live a normal life and avoid being noticed, come out to say "I am bitcoin creator, and I can proof it!" It just seems that he wants to create some commotion in the news in hope to spike up bitcoins price.

Would it really create a price spike though? Surely it's just as likely to create a dip?

[pereira4]

It shouldn't matter, but unfortunately it does since humans are hard wired to follow leaders, so they want to know who is the guy that started it all, and im sure they would listen to him a lot about how to make Bitcoin look like in the future, that's why we have a lot of people with interests to pass as Satoshi (the Craig hoax is a clear example)

[DonJoePabst]

It shouldn't matter, but unfortunately it does since humans are hard wired to follow leaders, so they want to know who is the guy that started it all, and im sure they would listen to him a lot about how to make Bitcoin look like in the future, that's why we have a lot of people with interests to pass as Satoshi (the Craig hoax is a clear example)

That's a really interesting point about humans being hardwired to follow leaders, and I don't think Bitcoin (or any currency) would be best served by being shaped by any one individual.

On a separate note, how come everyone is so sure that there is no guy called Satoshi Nakamoto? How do we know he never existed, and - if he didn't - who are the photos allegedly of Satoshi actually of?

[praprata]

It does not matter to me at least why would it matter to me? The reason I am here is still going to remain the same. For me the creator of Bitcoin can be a dog and I would still make use of it.

[thejaytiesto]

It shouldn't matter, but unfortunately it does since humans are hard wired to follow leaders, so they want to know who is the guy that started it all, and im sure they would listen to him a lot about how to make Bitcoin look like in the future, that's why we have a lot of people with interests to pass as Satoshi (the Craig hoax is a clear example)

That's a really interesting point about humans being hardwired to follow leaders, and I don't think Bitcoin (or any currency) would be best served by being shaped by any one individual.

On a separate note, how come everyone is so sure that there is no guy called Satoshi Nakamoto? How do we know he never existed, and - if he didn't - who are the photos allegedly of Satoshi actually of?

No one knows if there was one single guy under the Satoshi Nakamoto moniker or if it was a team of people, and this team was called "Satoshi Nakamoto".

All those pictures are from either other people, or computer generated. I remember one of the few "satoshi pics" I saw was of an asian guy that looked like a computer generated face

[7788bitcoin]

To me it doesn't matter, but I am just worry about the safety of the real Satoshi. His safety is threatened by the fact that he holds the keys to a huge fortune... Let's stop play the "Finding Satoshi" game.

[Junko]

Finding out who created Bitcoin does not matter to me. As long as it doesn't turn out to have been created by some government agency.

[MingLee]

In my opinion, it does not matter and should not matter who created Bitcoin. They should be allowed to look upon their creation with pride, and see where it has gone, regardless of if we know who they are or not.

It is probably better from a political standpoint as well, as no-one will be able to corner the guy and get information on how Bitcoin works or get them to re-create the code (or develop a backdoor) in the event Bitcoin ever takes off. If they could have a normal life while having Bitcoin in the shadows, then that would probably be more rewarding than being paranoid about someone coming for you at any point, knowing who you are.

[Snorek]

I would like to know that myself. It could be the biggest mystery of 21th century. We will see about it in the following years tho.
What if we never know who was the creator of first real cryptocurrency? Was Satoshi a man, team, organisation or government cell?

I guess bitcoin market cares only about 1 Million bitcoin which Satoshi supposedly owns.

[Rubberduckie]

I would rather it stay that we dont know.

Its more fun to speculate than to just know who it is.

especially if its a few of the morons people think it may be.

[Sniper44]

it doesn't matter at all, although it would have been nice to know who has created bitcoin in the first place but that would have been good back then in the beginning not now.

[bitbaby]

Voted for 'No', the identity is not important, I hope it is never found who was the person behind it, the technology is much more important then the face behind it. Moreover, if he is found, the speculations behind that he might dump his coins would affect the price. So it is for the best he stays anonymous always.

[ASHLIUSZ]

Voted for 'No', the identity is not important, I hope it is never found who was the person behind it, the technology is much more important then the face behind it. Moreover, if he is found, the speculations behind that he might dump his coins would affect the price. So it is for the best he stays anonymous always.

He had the option of staying anonymous - and used it, and it turned out to be great. That's what we should do when it's possible and the opposite has no pros good enough to overweigh the cons.

[Herbert2020]

it doesn't matter at all, actually i think the fact that the creator of bitcoin (satoshi nakamoto) is just an alias, or in other words an anonymous identity makes it more exciting because one of the features of bitcoin is this exact anonymity that can be achieved if anybody likes.

[Jasad]

Beyond the fact that the founder has 5% of all of Bitcoins in existence in his possession (in which case it doesn't really matter WHO has them, just that there is too high a concentration of the currency in one place), what difference does it make who created Bitcoin?

This article argues that all of the recent coverage creates an air of uncertainty that could undermine confidence in the currency (and highlights uncertainty in currency markets in general, but I'm not sure I agree: http://freemarketfx.com/bitcoin-reminder-uncertainty-currency-markets/

Thoughts?

for me,its important thing to find out who is Satoshi Nakamoto,its matter for me because people who dont know bitcoin will ask to me about bitcoin creator,they will not accept bitcoin if they dont know about bitcoin founder and its not clear if we only mentioning about Satoshi Nakamoto without knowing his story.

[Doms]

I've been using fiat all my life and I never bothered searching who invented it. I'm not even sure if it was even discussed to us as students back in our Economics classes. Either that or I was not paying attention. My point is not everything that we use must be deeply understood to its deepest senses. Enough knowledge on how to use something to my advantage is good enough for me.

[Enotche]

In my opinion, it does not matter who is the creator of Bitcoin. Bitcoin now it is an independent and decentralized currency that gradually develops, and which do not need a host .. And no one can do anything with it, I mean control.

[Gestiside]

In my opinion, it does not matter who is the creator of Bitcoin. Bitcoin now it is an independent and decentralized currency that gradually develops, and which do not need a host .. And no one can do anything with it, I mean control.

That is what I think. The bitcoin has evolved a lot from the Satoshi days. Even if he does appear, I will treat him the same as other developers.

[alani123]

People say it doesn't but when the creator of bitcoin hold's at least 5.5% of it's marketable supply, it's a big deal. Those coins are crossed out for a long time, if he returns the market could crash.

[springgers]

well yeah, i first thought it was a japanese because of his name..lols.

[BombayChicken]

No it don't need to matter if we find out who created it. If he wanted that everybody knows
who he is he would say it along time ago. He think he my coin is getting popular and he wants
in the picture now.

[avikz]

Honestly no! I don't want him to be found ever. because I want him to live a peaceful life.

Once he is found, all the regulators and enforcement agencies of that country will be after his ass and he will spend his life in prison.

So I want this path braking inventor to stay safe for the rest of his life.

[romero121]

The person who created needs to be given the importance, at the same spending time in search of the person is waste. Its better to spend those time on bitcoin for it's further development.

[DimensionZ]

No it doesn't matter to me who the real person behind the alias of Satoshi Nakamoto is. If we knew his/her identity would it have improved our lives or the Bitcoin network? No I don't think so. Knowing who is behind the mask won't affect our community in any way. I prefer to stay neutral to all attempts at sensational news of the next Satoshi Nakamoto and try to focus on how the Bitcoin market is doing. Ignorance is bliss sometimes.

[Altynbekova]

I honestly do not care about it at all because the fact is that its here and I"m happy with it as its right now.
The bitcoin will get bigger and the creator (who made it) is not the most important thing right now...

[erikalui]

It does matter who has created a currency, especially when the user doesn't want to reveal himself. Many people here were curious about Satoshi including me and we would like to hear on what improvements he has planned for the currency. When he himself doesn't show much interest in sharing any news articles/information with us, it makes me least interested then, especially with the FUD spread lately. It doesn't matter how much he does own though.

[eternalgloom]

I don't really care too much about who created Bitcoin, but it might be interesting to see the full story behind it.
Would it really change something?

[Evildrum]

How we perceive bitcoin does not matter in the grand scheme. The public thinks they need to know before it is seen as legit. If you think of bitcoin in the same context as say facebook , people would not suppport it to the same extent not knowing Zuckerburg was at the helm.
Perception is everything when you are selling people on a product.

[Kprawn]

The linked story is total crap and not worth the time. The Bitcoin creator is very important.... Let's take this example: You need a babysitter for your kids { In this case, the money represents your

kids } Let's say Satoshi does come back and he becomes Lead developer... then he will be the babysitter of the kids. If the babysitter is a pedophile or a murderer or a kidnapper.. then your kids will

be in danger ...right? Well... the same goes for the babysitter of the money. Yes, Bitcoin are decentralized and you need consensus... but Satoshi will have a big influence in people's decisions, once

he is back in control of development. 

[cryptoheadd]

it doesn't matter at all, although it would have been nice to know who has created bitcoin in the first place but that would have been good back then in the beginning not now.

No, it doesn't really matter.
What would matter, is the 1M Bitcoins that they own.

[naidray]

For me, it wouldn't matter who has created bitcoins but I want to know what's in next. I just would like to know his real name like we know who invented telephones (Graham Bell), Newton introduced gravity and so on.
They have at least given us an invention that has been useful to us.

[Soros Shorts]

At this point in time it no longer matters who Satoshi is and what his original vision might have been. The code is open source and he has decided to bow out of the picture. Others have taken up the torch and we have progressed to what we are today.

[Wapinter]

It really doesn't matter to me who created bitcoin and I wish it never be disclosed for it may take away the credibility of bitcoin.

[Cryddit]

I've been using fiat all my life and I never bothered searching who invented it.

King Kroisos of Lydia.  About 575 BCE.   High school history classes, right?  Or not anymore?  Or not in your country?

Up until that time, people traded commodities - often precious metal.  

Kroisos of Lydia was the guy who invented denominated currency and taxes.  

[fortunecrypto]

I'd like to know who the real Satoshi Nakamoto is he might be inventing or coming up with something that is as big as bitcoin and of course we'd like to honor him all inventions are always associated with who invented it..

[Superbitzz]

in present time i think it did so. but in future it will not be so important to know about. in future when it will become a universal currency then people will only use it and will not think about about its founder.

[robelneo]

We must respect if the guy don't want to reveal who he/she is,we don't know the real reason why he hide and don't want to be part of it's continuous development,this guy doesn't have a celebrity complex so we will leave it like that ..

[yenxz]

do you see any problem in bitcoin since its founded?i dont think so,its mean bitcoin is fine and nothing to worry about even bitcoin not known who really the founder,and until now satoshi never come out,i think its never be matter for bitcoin and for bitcoin holder.

[InsideBjorn]

I don't think it matters because if he wanted to get the fame of it he had to tell it when the
coin came out. Now it's to late in my opinion he can better stay away.

[AlexBits]

In my opinion not because if he wanted to be known he would sad it along time ago don't you think. Maybe
the real maker is already dead you will never know who's the maker of the bitcoin.

[Rude Boy]

Nope! There's nothing can be done with just knowing the real creator/founder of the bitcoin. And he/she/they also needs to be anonymous and let them/him/her anonymous.

[phreaky]

I don't think it matters because if he wanted to get the fame of it he had to tell it when the
coin came out. Now it's to late in my opinion he can better stay away.

\
It does not matter to me at least, it is a bit weird yes that out of nowhere people come out claiming to be Satoshi. To me it does not matter who Satoshi is.

[Bitcoinbro]

I really do not care because the bitcoin has a good future and I think it has a good future and that is the most important, who created does not matter for me at all..

[raphma]

doesn't matter...

i'm worried about the huge amount of bitcoins stored but what difference does it makes know who owns it?
as long as they dont dump, im ok.