South Park
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June 24, 2017, 08:59:30 PM |
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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.
First you will have to find satoshi and that has not been easy at all despite the fact that any reporter worth something has probably tried to investigate something about him, but about your question not much is going to happen to bitcoin technology and its price if he died, however the community will be very sad about his departure, he is to bitcoin what Steve Jobs is to apple.
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chaser15
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June 24, 2017, 09:03:30 PM |
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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 - still on continous development and I think bitcoin enthusiasts (or at least Satoshis group have successors) will not waste what Satoshi/s did to the world of crypto and will make bitcoin more better. 2. Price of Bitcoin - probably rose since more support will come as support for what Satshi/s did. 3. Feel sad but at the same time they are now more eager to support bitcoin.
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Adbitco
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June 24, 2017, 09:38:40 PM |
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I don't think it would affect bitcoin adversely. Bitcoin is like a revolution and it doesn't matter much who started it, it's already begun and nothing can stop it. The fact whether Satoshi is dead or alive wouldn't change anything about bitcoin drastically neither bitcoin technology, nor it's price nor even the bitcoin community.
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Yakamoto
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June 24, 2017, 09:51:38 PM |
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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.
Damn I wish we had something more interesting to talk about. I was getting kind of excited that someone might have finally ID'd him and just found out that he had died. Not that I wish he had died, but you know. 1. Bitcoin technology would remain unchanged and keep going in the way it has since Satoshi is likely not still involved in any kind of development. 2. Might go down slightly but I doubt there would be that much of a change. Might increase it since we know that Satoshi's coins are now effectively bricked and unavailable. 3. Community who is involved beyond just money would probably be relatively sad about the death of Satoshi but I don't think that it would have a massive impact, unless people want to get hung up on it.
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szpalata
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June 25, 2017, 03:51:47 AM |
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I don't think it would affect bitcoin adversely. Bitcoin is like a revolution and it doesn't matter much who started it, it's already begun and nothing can stop it. The fact whether Satoshi is dead or alive wouldn't change anything about bitcoin drastically neither bitcoin technology, nor it's price nor even the bitcoin community.
The same conditions that will prevail if he's revealed dead is currently what is surrounding Bitcoin so I don't think there will be any major impact because we've already assumed he's no more or he's never going to get revealed and Bitcoin is soaring so the same thing will go on as today even if he's/they're found dead.
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deisik
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June 25, 2017, 07:02:04 AM Last edit: June 25, 2017, 08:56:44 AM by deisik |
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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." This is not about Hal Finney Hal Finney died in 2014, while the poster you replied to evidently refers to Dave Kleiman who actually died in 2013 and with whom Craig Wright, the Impostor, was fairly acquainted with (I don't know if they were real friends). That's likely the reason why Craig Wright is pretending to be Satoshi since if Dave Kleiman really was Satoshi, Craig could know some facts about Bitcoin that no one else knew (but he doesn't have the keys, obviously). Ironically, the Wikipeadia page about Satoshi Nakamoto mentioned 4 different people as possible candidates to be the real Satoshi (incliding Hal Finney and Craig Wright himself) but it doesn't mention Dave Kleiman, which remains kind of dark horse
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jc89
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June 25, 2017, 07:21:26 AM |
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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.
The title is misleading its readers. It is as if an article or something claimed that Satoshi Nakamoto is dead. Anyhow, 1. Regardless if the developer died, the technology will stay since the technology has already been made and being used by the people. Just like the past inventions (anything that you can think of) they still exist or improved today. 2. Satoshi does not dictate the price of Bitcoin. If ever that it is made public that Satoshi is dead, it is probable that the price of Bitcoin will sharply increase because of the publicity and curiosity of people towards the legacy of Satoshi. 3. This is obvious. The community will feel sad because of the unfortunate happening but then happy because Satoshi leaved us his legacy that would someday change the world to the better.
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siti25
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June 25, 2017, 07:33:41 AM |
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This will not affect anything against bitcoin, but they will definitely seek and find the richness of bitcoin owned by satoshi, because someone will be kayaraya karanaraya heritage, bitcoin in large quantities. Who is not tempted? And this case will probably boost the high price of bitcoin
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freedomno1
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June 25, 2017, 08:13:14 AM |
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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.
One we already assume Satoshi is dead with the supply of Bitcoins never being touched Until proven otherwise so that will not change. I would be sad that I never met the man or woman or group/entity that was Satoshi Nakamoto in reality but appreciate all the good work they had done. For all I know Satoshi had a terminal illness and hence decided to leave in a sad curtain a legacy with his remaining time.
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Believing in Bitcoins and it's ability to change the world
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Mike Mayor
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June 25, 2017, 04:07:10 PM |
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What's the fixation on Satoshi anyway ? Who cares what he is doing. He is having fun enjoying life. Leave him to it. I don't think it will effect anything why would it ? Do you think people will all of s sudden stop buying and using bitcoins ? No ! Never !
Noone will ever know who he was and noone ever will. He will never reveal himself he has no need. He disappeared and gave himself a pat on the back for being the great person he is and one if the best minds to ever live.
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swogerino
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June 25, 2017, 04:10:51 PM |
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I and all the community here is very grateful to Satoshi for inventing this marvelous technology and allowing anyone to take part in it. It will not change anything to Bitcoin if Satoshi is dead or not, we would still continue using bitcoin as usual. I don't like to think Satoshi is dead, I prefer to think he is enjoying life in some beautiful place.
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avikz
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June 25, 2017, 04:16:28 PM |
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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 really hope this man lives a long and healthy life and away from everyone's eye. If his identity comes in reality, all the enforcement agencies will try to get hold of him and he will stay behind bars for no reason. However, to answer your question, there will be no impact in bitcoin price or technology. It will remain same. However, few people will feel sad that the best innovator of our times has died but market will show no impact for sure. Bitcoin community is 43 billion strong and it's not easy to shake.
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Potato Chips
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June 25, 2017, 06:56:18 PM |
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Maybe nothing will really happen because we all know that no one controls bitcoin but remember that it is always news/community driven thats why i'm sure a big news like this
will still have a significant effect on bitcoin. it will either go dump or pump but if it dumped, you have nothing to worry about as the chances are it will be a short time only, it will
go to its normal price again.
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South Park
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June 27, 2017, 09:33:43 PM |
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What's the fixation on Satoshi anyway ? Who cares what he is doing. He is having fun enjoying life. Leave him to it. I don't think it will effect anything why would it ? Do you think people will all of s sudden stop buying and using bitcoins ? No ! Never !
Noone will ever know who he was and noone ever will. He will never reveal himself he has no need. He disappeared and gave himself a pat on the back for being the great person he is and one if the best minds to ever live.
People always love a good story, and the story of genius inventing something that changed the world it is attractive as it is, when you add the fact we do not know who he is, then everything becomes even more attractive to many, every time there is a great discovery or invention people want to know who was the person to created that, in our case we are never going to know and that makes it all even more magical, at least to me it does.
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Minecache (OP)
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June 27, 2017, 09:45:35 PM |
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What's the fixation on Satoshi anyway ? Who cares what he is doing. He is having fun enjoying life. Leave him to it. I don't think it will effect anything why would it ? Do you think people will all of s sudden stop buying and using bitcoins ? No ! Never !
Noone will ever know who he was and noone ever will. He will never reveal himself he has no need. He disappeared and gave himself a pat on the back for being the great person he is and one if the best minds to ever live.
The fixation is not only his genius but also the 1+ million BTC sitting in his own personal wallet. Wondering whether or not these coins will being moving one day.
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John Wick
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June 27, 2017, 09:58:54 PM |
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Folks, please spreading fud and scammy news about someone who you really don't know who he is. You don't even know satoshi exists.
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coins4masses
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June 27, 2017, 10:44:32 PM |
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I effin hate clickbait. There is nothing that points to the fact that the guy is dead.
Being this a theoretical thread, I theorize that:
1. Bitcoin technology would not be affected
2. The price of a Bitcoin would only significantly vary if the guy had left a will demanding all his Bitcoins be dumped on the market ASAP
3. The community would only be devastated in case of 2. , otherwise they might shed a tear and then quickly get on with their life.
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SaShiRaJaVu
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June 27, 2017, 11:06:04 PM |
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Maybe nothing will really happen because we all know that no one controls bitcoin but remember that it is always news/community driven thats why i'm sure a big news like this
There is literally nothing that could happen if it is the case as it not revolved around a single individual like the rest of the coins,but if the real satoshi was there for the project even now then his voice does carry some weight age when it comes to the scaling debate.
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DOGE12321
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June 27, 2017, 11:50:52 PM |
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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.
Bitcoin technology would not be affected. It would still continue at a successful rate. The price would not really be affected. Supply and demand are not affected at all and thus the price would continue on its trend. The community would probably react with sorrow. After all, the creator of Bitcoin just died. But the fact that he/she/they had stayed anonymous for this long, whilst Bitcoin developed by itself, would probably decrease the emotional impact on the community. No one other than the early developers would have known Satoshi. I would expect them to be affected the most. To cut a long story short, Bitcoin would not be affected...much.
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senin
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July 29, 2017, 10:19:21 AM |
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If Satoshi Nakamoto died, this absolutely does not change anything in terms of the development and existence of the crypto currency. He played his role by creating a crypto-currency system. After that, since 2008, the digital currency is developing without its visible participation. This can happen in the future.
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