If Satoshi reveals himself, what would be of Bitcoin?

[Adelajda]

I sometimes wonder if satoshi revealed himself and could be proven to be THE satoshi then could even he repair the current problems that bitcoin is facing. Im doubting he could but it would be good to have some sort of "leader" to see what he thinks is the next best move is for bitcoin.

why do you think that even the man behind the bitcoin could not fix the current issues,if he could single handily bring out this great innovation what will hinder him from fixing the issues the bitcoin have at the moment.Never underestimate the great man behind it.

[kryptqnick]

I suppose he is not going to do that, because just as you noted they are likely either to put him in jail or at least to make him pey huge taxes for what he earned by this creation. They may even force him to create some superstructure for bitcoin which will make people pay taxes to somebody at least. That is why he just can't afford doing such a think. Bitcoin may then start being free and 'put into jail' instead or with its creator.

[mrcash02]

I suppose he is not going to do that, because just as you noted they are likely either to put him in jail or at least to make him pey huge taxes for what he earned by this creation. They may even force him to create some superstructure for bitcoin which will make people pay taxes to somebody at least. That is why he just can't afford doing such a think. Bitcoin may then start being free and 'put into jail' instead or with its creator.

I don't think he would be put in a jail. When this kind of person is discovered and some countrie's governments want to kill him, another countries offer a exile on their embassy. The person can live there without worries, doing nothing all day long... Probably just on the internet, playing games, watching TV. But I believe the life he is having now is fine as well, much profit for him for the rest of his life.

[QuestionAuthority]

Honestly speaking creation of bitcoin is one thing and running it is another(its decentralized) so if satoshi was ever going to prove himself to the public probably the least thing he would get is a noble prize and as for going to jail well he did not create the crime for  being a genius ....so why would he\she go to jail and what would be the charge

If he is a US citizen, the US government could claim that Bitcoin in particular and the blockchain technology in general were developed by the NSA, and he didn't just steal their technology (which is one thing), but also revealed classified information (the blockchain technology) to general public (which is a totally different thing). After all, the hashing function used for Bitcoin cryptography was actually developed by the NSA...

So don't get surprised if he eventually shows up at Moscow's Sheremetyevo airport

That's exactly right, without the US military industrial complex and radical cryptographic activists like Hal Finney there would be no Bitcoin. You want to know who invented Bitcoin the two above are a good place to start. In 2004 Hal Finney created the first reusable proof of work system long before bitcoin and in 2001 the National Security Agency first published the Secure Hash Algorithm 2 with digest sizes in 224, 256, 384, or 512 bits.

There is no great and wise Satoshi, ruler of Bitcoin. Bitcoin was invented by NSFinney.

[crwth]

If I was in Satoshi's place, I would never reveal myself, even in the future. If you think he will show himself who he truly is, it won't happen because if he really would want to reveal himself, he already did. There's no guarantee that it would have an effect if he's just somebody, but I think by proving himself, he would become someone whos is really powerful.

[mbpinewatch]

Nothing I think just you will see his face everywhere and maybe he might be chargedcharged with a made up crime

[leonair]

He will be control by somebody is powerful if he reveals himself to the public, his knowledge about the bitcoin and being the creator of it is like putting yourself in danger if you reveal yourself to the people, they will recognize him but the consequence is bad. It's like Rothschild's family member walking to a public without a bodyguard.

[Techie5879]

I can't figure out why satoshi is still a mystery. At least his friends or family member should know about this invention then why they don't reveal the secret what's the use of keeping it secret. They might think that if they reveal the truth they might be arrested by police because it's a public property which affects paper currency. But if he reveals the truth then he might face some problems that why he is not cunning up. It's my opinion.

Satoshi is still a mystery, and its pretty obvious why. Lets do a reason-head count here,

A) If Satoshi came out in the open, it might create a life threatening situation for him, if, of course, he is still alive. Cant you imagine, all the people would want his money somehow.

B) He might even be charged with all the crimes committed with bitcoin, which is pretty large.

I think these two are reason enough for Satoshi to remain anonymous.

[xuan87]

if satoshi reveals himself, i think bitcoin popularity will increase and probably satoshi is going to be one of the richest man in the whole world, and the government will extremely happy, because the government is going to tax satoshi and satoshi won't be able to live in peace anymore, he will become a celebrity for bitcoin user

[Capradina]

if satoshi reveals himself, i think bitcoin popularity will increase and probably satoshi is going to be one of the richest man in the whole world, and the government will extremely happy, because the government is going to tax satoshi and satoshi won't be able to live in peace anymore, he will become a celebrity for bitcoin user

It also depends how after satoshi opens the card name. Because sometimes there are something things that affect a person's thoughts after they get something bigger than his desire. It could be after the original name of the open policy satoshi or regulatory change and the change is bitcoin is more detrimental to users compared to the upside and that's one of the things that will only make the bitcoin abandoned/. But it all is just a possibility, so we'll just see what will happen

[Gotottack]

Nothing. Exactly nothing will happen.

It doesn't matter now if satoshi reveals himself or not. Bitcoin will remain the same. There is no point in jailing him or critizising what he made. Did anyone imprison the one who invented paper money? No! The world just embraced the idea of paper money and just adopted it. This will also happen to Bitcoins.

[deisik]

Nothing. Exactly nothing will happen.

It doesn't matter now if satoshi reveals himself or not. Bitcoin will remain the same. There is no point in jailing him or critizising what he made. Did anyone imprison the one who invented paper money? No! The world just embraced the idea of paper money and just adopted it. This will also happen to Bitcoins.

How do you know? The invention of paper money is attributed to China somewhere around the 7th century AD, and the fate of those who was behind it remains largely unknown. But in Europe, people who first suggested to use paper money either ended up right in prison (Johan Palmstruch in Sweden) or barely escaped it (John Law in France)...

Though it was not their fault for the fiasco of paper money back then...

[SvenBomvolen]

Nothing. Exactly nothing will happen.

It doesn't matter now if satoshi reveals himself or not. Bitcoin will remain the same. There is no point in jailing him or critizising what he made. Did anyone imprison the one who invented paper money? No! The world just embraced the idea of paper money and just adopted it. This will also happen to Bitcoins.

   In case he reveals himself there is big chance he will be able to claim his million bitcoins, and in this moment that is a lot. He can do many things, its out of the mind to try to predict what he can do with all this money.
   Situation and circumstances when paper money was invented and adopted are not the same as now.

[OrangeII]

I do not know, it might affect the price and the quantity bitcoin. it could have made a bitcoin price increases, but it also can make bitcoin prices down. it depends on what action satoshi when he reveals himself, because bitcoin bright future or not depends on what he will do

[audaciousbeing]

I do not know, it might affect the price and the quantity bitcoin. it could have made a bitcoin price increases, but it also can make bitcoin prices down. it depends on what action satoshi when he reveals himself, because bitcoin bright future or not depends on what he will do

It might actually affect the price whether positive or negative is what I dont know in as much as it is going to make the price of Bitcoin soar what of the fact that the anonymity concept is no longer there since we now know the person behind Bitcoin. I dont think he needs to come only if one fool wants to take credit for his work because according to what I read he has about 1 million BTC so why come out?

[romero121]

If Satoshi reveals himself too, there happens a confusion and people hesitate to accept the particular person as Satoshi, because none were sure of his identity. Also this surely makes some impact on the price of bitcoin and on its rise.

[abel1337]

If Satoshi reveals himself too, there happens a confusion and people hesitate to accept the particular person as Satoshi, because none were sure of his identity. Also this surely makes some impact on the price of bitcoin and on its rise.

If some one is trying to imitate satoshi nakamoto please dont do it. You are trying to put your life indanger . You can be killed, Arrested ,kidnapped or anything else bad. Satoshi nakamoto hides himself to become safe. Its better to hide his identity than to be exposed

[deisik]

If Satoshi reveals himself too, there happens a confusion and people hesitate to accept the particular person as Satoshi, because none were sure of his identity. Also this surely makes some impact on the price of bitcoin and on its rise.

If some one is trying to imitate satoshi nakamoto please dont do it. You are trying to put your life indanger . You can be killed, Arrested ,kidnapped or anything else bad. Satoshi nakamoto hides himself to become safe. Its better to hide his identity than to be exposed

No one will believe you anyway

It is in fact very easy to prove your identity if you claim to be Satoshi Nakamoto. Just sign a message on the blockchain with one of your keys, and we will see if you actually control one of the addresses associated with Satoshi. Unless you do you this (which you can't if you are not authentic Satoshi), you will be treated as an impostor. Though that could be detrimental to your health on its own

[sakinaka]

Effects could be very diversified :

These are the sure things I think will happen :

• Mass coverage by medias : Considering how closely are monitored Satoshi's bitcoins, the day they are moved, you can be sure that all the TV channels of the world will be covering it. I understand them, because there is a lot to say about, and so it will be interesting in term of market shares.
• Bitcoin price fall : For the same reason than the above reflexion, seeing that Satoshi has moved its bitcoins will create a panic as never seen. Imagine what could be said. People could say that Satoshi is back, but his bitcoins too. Those bitcoins that were never put on the market could from a second to another being put to sell on an exchange, and considering how big his stack is, the fall will be hard.

Possible effects :

• Great surge of veneration : effect would be basically the same as if Michael Jackson was found still living. People from all over the world, including economists, politicians, money rulers, journalists and of course average joes like us. I would do it if I could. Imagine that who you have been venerating for years and that you thought to be dead was finally found living. What would you do but trying to get in contact with him ?
• He would be the target of greedy people wanting to acquire its bitcoins : I don't know how much bitcoins actually does possess Satoshi, but with just one million of bitcoins, he would be the proud owner of a fortune worth close to one billion dollars at actual rate, so of course people trying to kidnap him would be something common, if he's not simply killed.

Just my thought of the day !

[Cloverdale]

That wouldn't weaken bitcoin.
It might actually strengthen it because then it would have a spokesperson on it's positives that it can do for humanity as a whole instead of the opposite that it has befallen it  with all the bad press that it's gotten in the past when it was first introduced.