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Author Topic: WHY OWNER IS HIDING  (Read 712 times)
enterprevic (OP)
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October 06, 2017, 03:26:35 PM
 #1

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??

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October 06, 2017, 03:50:44 PM
 #2

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??

I have two possible reasons for his hiding. First is he is afraid of his life and for his family because he is the founder of bitcoin and now that it become sucess with a very expensive value people may think that he have a huge bitcoins in his wallet and  he is very rich to become target of some bad elements and then my second reason is he is very humble person that inspite of  success of bitcoin he choose to hide himself and let the people handle his great contribution to the mankind.


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October 06, 2017, 03:56:26 PM
 #3

There may be another reason. What if bitcoin was invented in order to create an outflow of capital from the American economy. Maybe bitcoin is a bomb planted under the economy of America. If so then I understand why the names of the creators of bitcoin is carefully concealed.
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October 06, 2017, 03:58:59 PM
 #4

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??
Because had he still been here he would be seen as a leadership figure which is what Bitcoin aims to abolish.
Many people would follow him instead of their own convictions due to the fact that they hold him in such high regard.
This would go against Bitcoin's own nature which is decentralization.
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October 06, 2017, 04:03:12 PM
 #5

Or maybe it's as simple as Satoshi following through with the fundamental principle that Bitcoin should be a decentralized currency, not owned or controlled by anyone person, people, or organization. If he were to claim "ownership" of BItcoin or its creation he would violate that fundamental principle.




There may be another reason. What if bitcoin was invented in order to create an outflow of capital from the American economy. Maybe bitcoin is a bomb planted under the economy of America. If so then I understand why the names of the creators of bitcoin is carefully concealed.

Bombs from terrorists are much more effective in rocking the giant boat that is the American economy. Bitcoin has made people richer, which has created wealth, which can be pumped back into an American economy.
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October 06, 2017, 04:16:27 PM
 #6

First off, Satoshi Nakamoto isn't the "owner" of bitcoin. Satoshi is only the inventor of bitcoin; Satoshi may hold a good number of bitcoin, but he is no where near being the "owner".

"what could have been the reasons for his action??" Better yet, what would be a reason for him to reveal himself? If I were to invent a global currency whereas the government has no power over it, I'd be damn sure I'd have to be as anonymous as I can, as I'd definitely wouldn't want the feds over my ass.

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October 06, 2017, 04:21:59 PM
 #7

Or maybe it's as simple as Satoshi following through with the fundamental principle that Bitcoin should be a decentralized currency, not owned or controlled by anyone person, people, or organization. If he were to claim "ownership" of BItcoin or its creation he would violate that fundamental principle.




There may be another reason. What if bitcoin was invented in order to create an outflow of capital from the American economy. Maybe bitcoin is a bomb planted under the economy of America. If so then I understand why the names of the creators of bitcoin is carefully concealed.

Bombs from terrorists are much more effective in rocking the giant boat that is the American economy. Bitcoin has made people richer, which has created wealth, which can be pumped back into an American economy.

A lot of cracking about how bitcoin would surely disappear and some have speculated that when a war broke the economy will surely crumble and even bitcoin that is decentralize I think that bitcoin price would take a great blow when they see the real value of bitcoin.
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October 06, 2017, 04:37:01 PM
 #8

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??

Satoshi nakamoto is only the one who invent of bitcoin and there are group that really owned it.In my own opinion satoshi is hiding because he wants a simple life and avoid threat with his life and his family because people think he is so rich because of the bitcoin. Who will wants a miserable life? no one right?

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October 06, 2017, 04:41:45 PM
 #9

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??

I have two possible reasons for his hiding. First is he is afraid of his life and for his family because he is the founder of bitcoin and now that it become sucess with a very expensive value people may think that he have a huge bitcoins in his wallet and  he is very rich to become target of some bad elements and then my second reason is he is very humble person that inspite of  success of bitcoin he choose to hide himself and let the people handle his great contribution to the mankind.



This is what I am thinking also that the owner is hiding his identity because he wanted to secure his life and his family. He had vision already that this bitcoin that he had invented would be love by people and will create greatness to all of us and of course he holds bitcoin  it is not possible that he holds half of it right?
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October 06, 2017, 04:44:33 PM
 #10

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??

Satoshi nakamoto is only the one who invent of bitcoin and there are group that really owned it.In my own opinion satoshi is hiding because he wants a simple life and avoid threat with his life and his family because people think he is so rich because of the bitcoin. Who will wants a miserable life? no one right?
or maybe satoshi nakamoto itself are groups of people whos hiding from the concept of btc, possible that they just wanted to live a normal life and enjoy
all the luxuries that bitcoin development brings them, its been so many years and someone tried to claimed being satoshi nakamoto but its not been
proven yet.

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October 06, 2017, 04:49:31 PM
 #11

if i were satoshi imight as well hide. look at all that bitcoin did as it opens new economy and the old ones are now going to struggle. if someone were winning alot of money in the old market, he'd simply stay there and oppose btc for creating a new one. or he can target satoshi for this matter.

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October 06, 2017, 04:57:30 PM
 #12

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??

So you made something and you hide, ok? But after that, what?
Omg, it's now worth a million bucks a piece, but you are still hiding. You would do that for two reasons:
- To provide continuous support to your invention even after hiding yourself while supporting the most important aspect of anonymity here as if you show up, interest may blow out of it and people may start going against it.
- You may have some fear that government may track down your current holdings of your own invention, seize them and even sell them; and you been sent to jail for inventing such a thing thst doesn't support the memorandum of government.
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October 06, 2017, 04:59:31 PM
 #13

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??

Why he is hiding himself?
You ask yourself that same question because you are hiding your self too what are you afraid of?
Everyone has its own privacy so the owner of Bitcoin do.
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October 06, 2017, 05:14:13 PM
 #14

Given the controversial nature of Bitcoin, I'd say privacy, most likely.

Apart from that it makes sense for a project that is so keen on trustlessness and decentralization to be leaderless as well. Just imagine if Satoshi Nakamoto's identity were known and he'd die. Or if he'd favour one fork over another. Satoshi would be a potential single point of failure in either case.


There may be another reason. What if bitcoin was invented in order to create an outflow of capital from the American economy. Maybe bitcoin is a bomb planted under the economy of America. If so then I understand why the names of the creators of bitcoin is carefully concealed.

Capital outflow to where? If anything Bitcoin is a backup for not just American, but for global economy.

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October 06, 2017, 05:19:12 PM
 #15

FBI might have arrested him by now if he was exposed and even if he will get public right now government or FBI might put him in prison.
Government are just ridiculous and they are completely against bitcoin and concept of cryptocurrency.

Still many innocent bitcoin users are being caught by Police in the name of money laundering and criminal activity.  Angry
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October 06, 2017, 05:44:57 PM
 #16

Maybe he/they is/are part of a criminal organization after all, who knows...
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October 06, 2017, 05:53:45 PM
 #17

I think he being at hiding is because he has caused a significant change in the economy worldwide. This change is just too much to handle because it deviated from the norm, which only deals with currencies that is regulated by central banks. Bitcoin has introduced a lot of changes. In fact, it can be converted to currencies that are regulated. That is why, the question all boils down as to how it became possible in this day and age? It is definitely unregulated yet people make good money out of it. These questions are extreme. I believe the one who made Bitcoins is afraid of his life because of these substantial changes.   
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October 06, 2017, 06:09:24 PM
 #18

I would do the same if I was in his shoes. Why would anyone wanted to reveal the identity if you have done was Satoshi has. If people new who he really was he wouldn't be able to live quietly without people harrasing him and because of the wealth he could also be in danger. Staying anonimous he can live his life the way he wants without such danger.

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October 07, 2017, 03:53:37 AM
 #19

He isn't hiding he just doesn't want to and doesn't need to deal with all the nonesense surrounding Bitcoin. He is happily retired sipping cocktails on the beach at his beach house. Why would he leave that ? He has reached his dream. Besides there are people that could possibly want to hurt him. The government doesn't like bitcoin because of tax and there other reasons too I'm sure. People will find their in reason if you leave them for kog enough.

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October 07, 2017, 04:01:13 AM
 #20

Actually, I've been thinking about this for a long time now. Facts have it that Bitcoin was created by own Satoshi Nakamoto or so and since he did that he has gone underground and has been hidden. Now I'm wondering, I made an invention that is now worth so much money in the world and am still hiding, what could have been the reasons for his action??

Would you admit to being one of the richer people in the world?

If Satoshi is even a person, and not a ideological construct that a group of people was using to hide their identities with, why would he/it have a reason to present himself at the moment? the foundation might appreciate his input (ill use a he for brevity) but it is its own thing now; I dont think they would bow down and listen to his input just because he was the founder. like a corp, the ownership has passed along. this is so far from what was intended, I dont think he would really appreciate what we have evolved into. and im talking about the bitcoin, as well as the entire crypto ecosphere.


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