If Satoshi reveals himself, what would be of Bitcoin?

[smho_16]

I don't think he will reveal himself. Different from many people here who think he will get arrested or pay a nice cut in taxes I think he will be persecuted and tortured to hack bitcoin or show flaws on it.

That's why I am sure 101% he will not reveal himself as revealing himself means destroying his own creation. I think Satoshi is much but much much smarter than that.

[deisik]

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

The price fall is not a given

Unless he actually starts wildly selling his bitcoins (and he has somewhere around 980,000 of them, just in case), the effect might be quite opposite, i.e. price might actually surge on the euphoria that peeps might feel when they find out that he is still alive and kicking. Or it may rise when he decides that he is going to become a benevolent dictator (like Linus Torvalds of Linux fame) and direct the development of Bitcoin from now on

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

With all his wealth, he could just hire a couple of gorilla-sized bodyguards, and that would solve most of possible problems



Bill Gates is by far wealthier than him, but how often do you see him closely surrounded by bodyguards?

[fiscorcle]

I don't think he will reveal himself. Different from many people here who think he will get arrested or pay a nice cut in taxes I think he will be persecuted and tortured to hack bitcoin or show flaws on it.

That's why I am sure 101% he will not reveal himself as revealing himself means destroying his own creation. I think Satoshi is much but much much smarter than that.

You think they would punish him if he did reveal himself?
Maybe he saw that coming and that's why he went into hiding in the first place.
He is a smart man and usually they have the right instincts and trust them.
Thus never revealing his true identity to be thrown in jail or worst in other countries.

[BitFinnese]

If satoshi reveals himself, I think bitcoin will gain great exposure,  Bitcoin will be the news in almost every news site in the internet.  Aside from that, having gain alot of exposure, people will then try to get in bitcoin and buy demand will be boost.  Probably there will be a temporary bubble because of sudden influx of people to bitcoin.

[jacafbiz]

If satoshi reveals himself, I think bitcoin will gain great exposure,  Bitcoin will be the news in almost every news site in the internet.  Aside from that, having gain alot of exposure, people will then try to get in bitcoin and buy demand will be boost.  Probably there will be a temporary bubble because of sudden influx of people to bitcoin.

I completely agree with you on the exposure is going to have on bitcoin because most of these news outlet will want to have exclusive right to him, just see the noise that Craig Wright generate on its own and is  a fake Satoshi.

To me I think Bitcoin will gain most from him making decision and head the project to the right path, there are alot of political undertone now and it is affecting Bitcoin progress.

[nejibens]

If satoshi reveals himself, I think bitcoin will gain great exposure,  Bitcoin will be the news in almost every news site in the internet.  Aside from that, having gain alot of exposure, people will then try to get in bitcoin and buy demand will be boost.  Probably there will be a temporary bubble because of sudden influx of people to bitcoin.

I don't think so, may be if satoshi reveals himself it will make some buzz for some days or weeks in news and so, but it will not make great exposure to Bitcoin itself, because people interest more about the Bitcoin as different currency with a lot of valuable features, regardless his creator

[Nevis]

I think satoshi nakamotp reaveling her self will never happen.He know what he did,the power of the coin it must be a risk in his life if he came out.It id better to manage bitcoin on shadows just like what he is doing from the beginning of time

[Rinder]

I do believe if Nakamoto shows off, if he is alive, the only place he would go, would be prison, since the most countries consider bitcoin as ilegal, and getting the creator would allow them to close bitcoin, or to make a huge attack at bitcoin, besides the government try to control all the coins he get and make an auction as they had done in the past.

[clickerz]

I do believe if Nakamoto shows off, if he is alive, the only place he would go, would be prison, since the most countries consider bitcoin as ilegal, and getting the creator would allow them to close bitcoin, or to make a huge attack at bitcoin, besides the government try to control all the coins he get and make an auction as they had done in the past.

That would likely will happen to Satoshi, a possible lawsuit? But on the other side,he has many supporters already. His creations benefits millions of people and also he created a virtual economy where online entrepreneur find opportunity and earning from it. I will regard him as a game changer,genius and a hero.

[Velkro]

What do you think that will happen once the real Satoshi reveals himself

Nothing good, look at ethereum... its total mess because creator is live, known and making decision like dicatator :/.
I don't want to satoshi reveal himself EVER for the good of bitcoin.

[vasrasus]

I think satoshi nakamotp reaveling her self will never happen.He know what he did,the power of the coin it must be a risk in his life if he came out.It id better to manage bitcoin on shadows just like what he is doing from the beginning of time

Exactly true. Todays world is too dangerous that even he benefited lots of bitcoin user for good some will put him down even he didnt do anything wrong because he have skills, higher people or government might use his invention to manipulate him or bitcoin users. So let us enjoy what he did for us btc users and thanks him silently for his created technology.

[Zadicar]

I think satoshi nakamotp reaveling her self will never happen.He know what he did,the power of the coin it must be a risk in his life if he came out.It id better to manage bitcoin on shadows just like what he is doing from the beginning of time

Exactly true. Todays world is too dangerous that even he benefited lots of bitcoin user for good some will put him down even he didnt do anything wrong because he have skills, higher people or government might use his invention to manipulate him or bitcoin users. So let us enjoy what he did for us btc users and thanks him silently for his created technology.

Satoshi would not really intend to show up himself on public and as you said he already knew on whats happening on its project and he sees that it would really be a threat to his life if he would go out because we all know that some governments would really sue him. We should really be thankful on the creation of satoshi even we dont know his actual presence but his project would represent him.

[deisik]

I do believe if Nakamoto shows off, if he is alive, the only place he would go, would be prison, since the most countries consider bitcoin as ilegal, and getting the creator would allow them to close bitcoin, or to make a huge attack at bitcoin, besides the government try to control all the coins he get and make an auction as they had done in the past.

The government of Switzerland seems to be quite loyal to Bitcoin right now (though they could change their mind, of course). So before revealing himself (if he ever decides to show up), Satoshi could travel to that country and buy its citizenship. It costs around $200,000 (if I'm not mistaken), and with all his wealth that shouldn't be too expensive for him. But given his name, fame and influence, they might just grant the Swiss citizenship to him without asking anything in return...

He would be in safety there

[sakinaka]

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

The price fall is not a given

Unless he actually starts wildly selling his bitcoins (and he has somewhere around 980,000 of them, just in case), the effect might be quite opposite, i.e. price might actually surge on the euphoria that peeps might feel when they find out that he is still alive and kicking. Or it may rise when he decides that he is going to become a benevolent dictator (like Linus Torvalds of Linux fame) and direct the development of Bitcoin from now on

I agree with you, but we're not in the same case, so here comes the difference in our visions. I had the contradictory vision that in that argument he would simply move its bitcoins without revealing himself on TV shows and in the case of veneration he would have. You're taking the option that he would. That's sure that if he comes and reveals himself to the world, people might sense that Bitcoin leaderless boat has now finally found back a chief to lead it. But if that's just a blind move, people could considering many things, including that he has been killed and someone seized its bitcoins and that they might been dumped at any moment.

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

With all his wealth, he could just hire a couple of gorilla-sized bodyguards, and that would solve most of possible problems

Yes he might, and that would probably solve any kind of kidnapping, but that doesn't exclude the possibility to be killed a la Kennedy, even if that's surely an abuse of polician series that make me think that . However, given how he seems a discrete person, he would not like being so closely followed by guards, but that's just my opinion on its personnality.

Bill Gates is by far wealthier than him, but how often do you see him closely surrounded by bodyguards?

Bill Gates has an instutional fortune. I mean he doesn't have its wealth kept in let's say a safe or in masterpieces paintings. Kidnapping him would be pretty useless, as you might get a bounty for the release, but you'll probably get caught, while if you discretely kidnapp someone, you can them just ask him to open the safe and just take the gold bars. Here the safe is the metaphor of its Bitcoin wallet, and gold bars of its bitcoins.

[Rizky Aditya]

I don't think that it wold affect Bitcoin that much. If he ever did come out, it's not like the price would suddenly just drop because of that. That is unless people start to trade a lot more when he reveals himself, which is not very likely.

If Satoshi comes out in the open, no one can predict whether it will be beneficial or detrimental for Bitcoin. For example, if he is someone with a past criminal activity, then it can affect the reputation of Bitcoin. Also, it will be interesting to see how the authorities react. In all probability, they will try to jail him for challenging the fiat money system.

That is very true. He could get jailed if he is in a country like Bangladesh where there are very strict regulations against the use of Bitcoin. Although I doubt a technological genius like Satoshi would be in Bangladesh, no offence intended.

[deisik]

Bill Gates is by far wealthier than him, but how often do you see him closely surrounded by bodyguards?

Bill Gates has an instutional fortune. I mean he doesn't have its wealth kept in let's say a safe or in masterpieces paintings. Kidnapping him would be pretty useless, as you might get a bounty for the release, but you'll probably get caught, while if you discretely kidnapp someone, you can them just ask him to open the safe and just take the gold bars. Here the safe is the metaphor of its Bitcoin wallet, and gold bars of its bitcoins.

I see what you mean (to be honest, I fully anticipated such reply), but whoever might kidnap him wouldn't necessarily require the whole Microsoft be sold. They would most likely ask for a ransom which would be quite possible for his family to raise without threatening their overall financial stability (though it doesn't make sense to ask too little, either). I don't know how much he has in cash, but he certainly has a lot of liquid assets such as stocks or bonds, which could be sold pretty fast. Anyway, he is sitting on a huge pile of Microsoft shares (223 million shares, to be precise)...

It has been speculated as well that Gates was greatly interested in buying stock of silver miners recently

[Skarner21]

I don't think that it wold affect Bitcoin that much. If he ever did come out, it's not like the price would suddenly just drop because of that. That is unless people start to trade a lot more when he reveals himself, which is not very likely.

If Satoshi comes out in the open, no one can predict whether it will be beneficial or detrimental for Bitcoin. For example, if he is someone with a past criminal activity, then it can affect the reputation of Bitcoin. Also, it will be interesting to see how the authorities react. In all probability, they will try to jail him for challenging the fiat money system.

That is very true. He could get jailed if he is in a country like Bangladesh where there are very strict regulations against the use of Bitcoin. Although I doubt a technological genius like Satoshi would be in Bangladesh, no offence intended.

I think there is no effect if satoshi naka moto come out the price of bitcoin is always depends in demand and supply also it is in our hand if bitcoin will adopted it more in the future satoshi is just maintaining bitcoin to live long not to give more stores to accept bitcoin.

Also i think satoshi can be in danger if they will know by some terorist. that is why he is just hiding..

[talkbitcoin]

I don't think that it wold affect Bitcoin that much. If he ever did come out, it's not like the price would suddenly just drop because of that. That is unless people start to trade a lot more when he reveals himself, which is not very likely.

If Satoshi comes out in the open, no one can predict whether it will be beneficial or detrimental for Bitcoin. For example, if he is someone with a past criminal activity, then it can affect the reputation of Bitcoin. Also, it will be interesting to see how the authorities react. In all probability, they will try to jail him for challenging the fiat money system.

That is very true. He could get jailed if he is in a country like Bangladesh where there are very strict regulations against the use of Bitcoin. Although I doubt a technological genius like Satoshi would be in Bangladesh, no offence intended.

I think there is no effect if satoshi naka moto come out the price of bitcoin is always depends in demand and supply also it is in our hand if bitcoin will adopted it more in the future satoshi is just maintaining bitcoin to live long not to give more stores to accept bitcoin.

Also i think satoshi can be in danger if they will know by some terorist. that is why he is just hiding..

it is effective and it has already been proven that it is going to be effective when that impostor called Craig Wright tried to fool people into believing he is satoshi and he is going to move funds from his wallets, there were some small changes in price.
but even if satoshi were revealed the effects are going to be temporary.

[deisik]

Also i think satoshi can be in danger if they will know by some terorist. that is why he is just hiding..

There are a lot of multimillionaires out there with real money on hand or something that can be quickly converted to money (and not some bizarre bitcoins) to justify kidnapping them by someone looking for ransom. There are also a lot of famous people popular enough to explain attacking them by someone else longing for Herostratic fame of sorts (if that was your point)...

So I don't think that Satoshi would be particularly interesting to any of these types

[jeraldskie11]

We never know about satoshis mystery. We don't happen the satoshis reveal because  Bitcoin is familiar of us and because of that bitcoin also use by online job because of its famousity.