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Author Topic: [BREAKING NEWS]: Satoshi Nakamoto Is Dead!!!  (Read 5987 times)
RedditMaster
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June 23, 2017, 08:06:32 PM
 #41

Why is this clickbait allowed? Mods should be able to edit title to be more appropriate rather than allow this type of nonsense "What if" stuff, combined with an absolutely false title. Anyways, to answer the question nothing would happen because we don't know who he/she is as it is, so dying would change nothing, actually.
baam25
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June 23, 2017, 08:09:27 PM
 #42

What a clickbait.

It would be a sad day if a genius like nakamoto was discovered and subsequently declared deceased.

It shouldn't affect the price though. The beauty of the blockchain is that one person, even the founder or founding group, doesn't make or break the technology.
 
At the same time, what if something happened to Vitalik, heaven forbid, but if it did, would that spell the doom of ethereum and etc takes over?
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June 23, 2017, 08:11:14 PM
 #43

Why is this clickbait allowed? Mods should be able to edit title to be more appropriate rather than allow this type of nonsense "What if" stuff, combined with an absolutely false title. Anyways, to answer the question nothing would happen because we don't know who he/she is as it is, so dying would change nothing, actually.
Clearly your retardedness you failed to read the fucking thread. Here's a fuckin summary for the dum dums like yourself: WHAT WOUKD HAPPEN TO THE 3 QUESTIONS PROPOSED IF THE SUBJECT TITLE WAS REPORTED??

Cognitive reasoned thinking was not that hard really now as it? FFS

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June 23, 2017, 08:20:53 PM
 #44

The price would probably pump, because the fear of some guy having 1 million coins would not be there again. Some are worried that whoever satoshi is goes insane and dumps 1 million coins into the market and whatnot. But then again, his coins could be stolen.. so I think it would change nothing. It may be a non event, then again markets can act irrational so who knows. I don't think long term it would change anything.

If that 1 million coin is gone forever, the price of bitcoin will rise at least 5% as Satoshi owns 5% of all the coins.
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June 23, 2017, 08:26:51 PM
 #45

Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.

1. Bitcoin technology would be replaced by a turing complete platform.

2. The price of bitcoin would pump for awhile then suddenly dump.

3. The community wouldn't believe the reveal unless he signed a transaction with his private key to confirm that it was he who actually died.

Right?  It would kinda be like it is developing right now.
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June 23, 2017, 08:44:57 PM
 #46

Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.
i thought this is a real news. well my opinion :

1. Technology will be developed by the community, bitcoin can grow without satoshi.

2.The price would be up because amount that satoshi hold will never move since he is dead.

3. I personally would be sad because of he is my hero, don't know what the community feel.

The point is there's nothing would happen to the bitcoin when satoshi revealed and found dead, either the price or development. Wait,  satoshi could be the group of people.
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June 23, 2017, 08:51:41 PM
 #47

There is nothing that can change the bitcoin protocol because Satoshi Nakamoto is good as dead for a very long time and he has done anything for the past five years to improve the technology ,so i do not see any specific changes and it wont affect the price either unless and until the coins stored by him starts moving and sometimes there will be panic in the market whether the owner of the private key is going to dump the coins,either way it will be a temporary hold up.

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June 23, 2017, 09:00:16 PM
 #48

I don't think there's going to be an effect if this kind of news comes out,we are ok without him for a long time,everything has been taken care of and he has no influence now in the current bitcoin market,but of course we must honor the great genius for creating Bitcoin technology but apart from that there's nothing to worry about.

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June 23, 2017, 09:07:25 PM
 #49

Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

Nothing will be downgraded and instead of being affected from the inventor's death, this is now set automatically to move forward.

2. The price of a Bitcoin;

Price is affected because of the supply and demand and I guess this is not going to be a reason for a dip.

3. How would the community feel.

Including me who hopes that he will show himself in the future will be sad.
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June 23, 2017, 09:11:32 PM
 #50

Actually he may be already dead, according to some theories about his identity (see in another thread of today).

Anyway, it has not impact on Bitcoin or the community.

Mind linking the thread? This forum has grown so large that it is hard to just find a topic even if it was posted the same day if it doesn't have 5+ pages heh.

Thanks Smiley

Also, my opinion - no impact unless his coins start moving.
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June 23, 2017, 09:15:53 PM
 #51

At this point in Bitcoin's growth the market wouldn't be affected at all. Most of the new money coming into cryptocurrency is ignorant as to who Satoshi Nakamoto is.
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June 23, 2017, 09:33:50 PM
 #52

I want at least 20 Bitcoins of his coins, lets think about how to spend 1 million coins of Satoshi, if miners be the man they are then it should be easy, I mean wtf man those coins could change hundreds of lives for ever and for good but instead they are taking dust on the shelf of Bitcoin, I even heard theymos's hairs turned white overnight after watching CIA operatives brutally killed our great founder.
1 minute of silence in loving memory of SN. cry cry and then maybe a lol.

🖤😏
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June 23, 2017, 11:20:52 PM
 #53

wow clickbait much?

Society doesn't scale.
Minecache (OP)
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June 24, 2017, 03:08:30 PM
 #54

I want at least 20 Bitcoins of his coins, lets think about how to spend 1 million coins of Satoshi, if miners be the man they are then it should be easy, I mean wtf man those coins could change hundreds of lives for ever and for good but instead they are taking dust on the shelf of Bitcoin, I even heard theymos's hairs turned white overnight after watching CIA operatives brutally killed our great founder.
1 minute of silence in loving memory of SN. cry cry and then maybe a lol.
21 would be a gud target to hodl.

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June 24, 2017, 03:45:55 PM
 #55

Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.

We don't know who he/she/they were. How would we know if he/she/they die?
It's a theoretical question. I stated this. You do understand what theoretical means??

You do understand what 'BREAKING NEWS' means, don't you?

Bitcoin is not a bubble, it's the pin!
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June 24, 2017, 04:01:20 PM
 #56

Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.

We don't know who he/she/they were. How would we know if he/she/they die?
It's a theoretical question. I stated this. You do understand what theoretical means??

You do understand what 'BREAKING NEWS' means, don't you?

Op should have not used that term really. It connotes something real and urgent. But from the OP this is just a theoretical situation and is likened to satire already.

Anyway, if properly phrased and asked to me, I would say life goes on. Do you think the world collapsed when the inventor of paper money died? I don't think so.
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June 24, 2017, 04:04:09 PM
 #57

Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.
Nothing will happen to the technology or the price, some people from the community may feel sad, but not many of them either as no one actually knows him or knew him. People who knew him would definitely be sad, but that is like every other person on the planet.
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June 24, 2017, 04:06:25 PM
 #58

i also doubt he is real lol , i think he must be richest man by now because bitcoin is a frickin huge success so theres no way he is not received any shared profit , but yeah never saw him on internet and IRL  probably he is thinking what hes doing back then  Grin

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June 24, 2017, 05:11:18 PM
 #59

Looking at things critically, Bitcoin was not an afterthought and so seeing things from the point of view of someone who delved into "anonymity," chances are high that Satoshi lives and obviously wealthy. These things were designed to be like this not be accident, just so that Bitcoin no longer would be Satoshi's thing but that of the community.
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June 24, 2017, 06:36:40 PM
 #60

Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.

Unfortunately for you, I have just read an article where it claimed that the creator of bitcoin who claimed to be Satoshi with all analogies and events analysis died in 2013 but nothing happen to bitcoin if truly he had been the one who created bitcoin. What we have witnessed is even a sporadic increase in the price of bitcoin from 2013 till date. So bitcoin has been able to grow without relying fully on Satoshi and that is what has make it worthwhile and will remain so even if we learn of the real Satoshi.

Mhm we've all seen articles saying Hal Finney was Satoshi. 1 problem though, there's no actual proof. It's all heresay. He was Satoshi's #1 guy, his right hand man, he even received the FIRST bitcoin transaction, but that doesn't mean he was Satoshi. It means he was the genesis block +1. If you see their conversations it would be pretty dumb of Satoshi to just try and explain things to someone that's brand new to bitcoin rather than just being like "hey since you're me obviously you know what's up so here's some bitcoins self. thanks self."
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