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Author Topic: Does Satoshi Nakamoto Matter?  (Read 730 times)
shamzblueworld (OP)
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October 23, 2017, 09:05:35 AM
 #1

So I've seen many threads created about Satoshi Nakamoto, the so called creator of Bitcoin. Which brought me to this question, Does Satoshi Nakamoto matter?
Especially now that bitcoin is being accepted quite well, and also its value rising every day.
Does it matter who its creator is? Or is he dead or alive or what he has to say?
What impact will any of this can have on bitcoin today or tomorrow?
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October 23, 2017, 09:38:47 AM
 #2

So I've seen many threads created about Satoshi Nakamoto, the so called creator of Bitcoin. Which brought me to this question, Does Satoshi Nakamoto matter?
Especially now that bitcoin is being accepted quite well, and also its value rising every day.
Does it matter who its creator is? Or is he dead or alive or what he has to say?
What impact will any of this can have on bitcoin today or tomorrow?

He holds around 6% of the current circulating supply of Bitcoins which makes him a billionaire if he actually exists anymore and also puts him on Forbes list of richest at place #237 if I read correctly earlier. Let alone for being the creator of this wonderful digital currency, he also paved way for the whole altcoin industry to take shape based on his work. Just look at his trust page on the forum you will realize how much appreciation the man has received.

The only thing that matters about him is the 1.2% bitcoins he holds in his wallet which could crash bit coin economy if released at once.


The correct number is 5.89% which when priced at $6000/BTC makes his net worth a whopping $6 billion.
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October 23, 2017, 09:39:56 AM
 #3

The only thing that matters about him is the 1.2% bitcoins he holds in his wallet which could crash bit coin economy if released at once.



What's his BTC address?
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October 23, 2017, 09:42:32 AM
 #4

I thought Satoshi Nakamoto was a pseudonym that refered to 3 or so people who developed bitcoin together

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October 23, 2017, 09:44:40 AM
 #5

For me,  BTC given me a opportunity to earn some extra money.
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October 23, 2017, 09:49:21 AM
 #6

So I've seen many threads created about Satoshi Nakamoto, the so called creator of Bitcoin. Which brought me to this question, Does Satoshi Nakamoto matter?
Especially now that bitcoin is being accepted quite well, and also its value rising every day.
Does it matter who its creator is? Or is he dead or alive or what he has to say?
What impact will any of this can have on bitcoin today or tomorrow?

He holds around 6% of the current circulating supply of Bitcoins which makes him a billionaire if he actually exists anymore and also puts him on Forbes list of richest at place #237 if I read correctly earlier. Let alone for being the creator of this wonderful digital currency, he also paved way for the whole altcoin industry to take shape based on his work. Just look at his trust page on the forum you will realize how much appreciation the man has received.

The only thing that matters about him is the 1.2% bitcoins he holds in his wallet which could crash bit coin economy if released at once.


The correct number is 5.89% which when priced at $6000/BTC makes his net worth a whopping $6 billion.
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is Satoshi  can generate more btc ?? and why  5.89% is ratio not fixed number ?

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October 23, 2017, 09:54:21 AM
 #7

So I've seen many threads created about Satoshi Nakamoto, the so called creator of Bitcoin. Which brought me to this question, Does Satoshi Nakamoto matter?
Especially now that bitcoin is being accepted quite well, and also its value rising every day.
Does it matter who its creator is? Or is he dead or alive or what he has to say?
What impact will any of this can have on bitcoin today or tomorrow?

In my opinion i think Mr. Satoshi and his team will matter most and monitored the continues improvement of his bitcoin but in way of secrecy and maybe he just keep himself at low profile which is a humble enough of most of the Japanese characteristics. To think he is the creator of bitcoin then he will be branded as billionaire and to be included as on of the rich personality in the world in which may also put his families in threat.
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October 23, 2017, 09:55:35 AM
 #8

So I've seen many threads created about Satoshi Nakamoto, the so called creator of Bitcoin. Which brought me to this question, Does Satoshi Nakamoto matter?
Especially now that bitcoin is being accepted quite well, and also its value rising every day.
Does it matter who its creator is? Or is he dead or alive or what he has to say?
What impact will any of this can have on bitcoin today or tomorrow?

Satoshi really doesn't matter anymore. His design still remains today, but the code has changed immensely, and his coding was never great to begin with. I think that his legacy is the core design of Bitcoin, which is set in stone, as he is known to have said once. That's why there has been so much emphasis on backward compatibility in the forking debates over the past couple years.

It's for the best that he disappeared. This way, Bitcoin can go mainstream without him/her/them being pressured into influencing or making changes to the protocol against popular consensus.

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October 23, 2017, 09:56:23 AM
 #9

I thought Satoshi Nakamoto was a pseudonym that refered to 3 or so people who developed bitcoin together

That was one of the theory, but as some documentaries have already explored (The Rise and Rise of Bitcoin, Banking on Bitcoin, for example), he could be any one or some of the original cypherpunks (Hal Finney & Nick Szabo in particular), or Dorian Satoshi Nakamoto, or maybe even Craig Wright, as he's so adamant that he's Satoshi Nakamoto. Grin Roll Eyes Roll Eyes
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October 23, 2017, 10:02:39 AM
 #10

So I've seen many threads created about Satoshi Nakamoto, the so called creator of Bitcoin. Which brought me to this question, Does Satoshi Nakamoto matter?
Especially now that bitcoin is being accepted quite well, and also its value rising every day.
Does it matter who its creator is? Or is he dead or alive or what he has to say?
What impact will any of this can have on bitcoin today or tomorrow?
Well, yes he is matter because he is the owner of bitcoin and the future of bitcoin sometimes is in his hands because he. cn control it. Look at butcoin today it is too expensive and he is become billionaire because of that. He too excellent to create a crypto currency like this, he manage to build a very strong crypto currency and he is now in his victories even though bitcoin is not yet expose but the vlue of bitcoin, the moment people valued bitcoin is already his victory.
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October 23, 2017, 10:06:41 AM
 #11

So I've seen many threads created about Satoshi Nakamoto, the so called creator of Bitcoin. Which brought me to this question, Does Satoshi Nakamoto matter?
Especially now that bitcoin is being accepted quite well, and also its value rising every day.
Does it matter who its creator is? Or is he dead or alive or what he has to say?
What impact will any of this can have on bitcoin today or tomorrow?
Well, yes he is matter because he is the owner of bitcoin and the future of bitcoin sometimes is in his hands because he. cn control it. Look at butcoin today it is too expensive and he is become billionaire because of that. He too excellent to create a crypto currency like this, he manage to build a very strong crypto currency and he is now in his victories even though bitcoin is not yet expose but the vlue of bitcoin, the moment people valued bitcoin is already his victory.
yes he is a billionaire  right now but i think bitcon distribution is quite evenly poised ,there are many people holding bitcoin in todays market.Bit yes his influence matters to the market as he is the creator also a he holds a lots o bitcoin maybe his pumps and dumps also matters.
But as for now pupms are happening for hard fork only.
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October 23, 2017, 10:07:13 AM
 #12

Satoshi's reputation does matter. He doesn't have to be involved in Bitcoin anymore, but his reputation can still hurt Bitcoin. We don't know who he is and what he's done in the past. If he's had run ins with the authorities before, then I can guarantee that this would be used against Bitcoin.


Whoever Satoshi is whenever a single entity or a group, he did the right thing by distancing himself from Bitcoin and holding the large amount of coins he does.
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October 23, 2017, 10:09:46 AM
 #13

Even satoshi put His Identity in Public nobody will matter to it, unless He donate  some of it.
In my research the volatility of bitcoin depends on the biggest mining company adjusting some binary's to make it go up or down.
Who really matters the most is the richest miners.

If this post is sensitive.
Kindly delete (:
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October 23, 2017, 10:17:24 AM
 #14

I guess whether he will join bitcoin or not it doesn't matter when his predecessors already adapted his digital currency and has far more improved it many code is added to bitcoin in order to better improve it, joining now i think he will become out of place cause cause his creation bitcoin has far more advance. Although he will become a momento as the man who founded a digital currency that will free as from bankers. This is how a currency should be. I think satoshi nakamoto already done his job introducing us bitcoin.

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October 23, 2017, 10:23:44 AM
 #15

He really does matter of whoever he/she/they was, since he/she/they are the very important person/s that created this crpto coin and such really gain popularity and helped many people in their own individual life. Don't know if Satoshi is alive or dead but it's really matter because he/she/they are the creator of it. I don't know what would be the impact Satoshi would did if he is known by this time but I know many are thankful to him/her/them if they are well known publicly.
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October 23, 2017, 10:27:53 AM
 #16

The name is just an avatar. In real life, he holds too many currency which might make the market erupt if he releases all of them at once. So yes, he has impact, just his name doesn't matter.
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October 23, 2017, 10:28:33 AM
 #17

No he doesn't. And he created Bitcoin so that he wouldn't matter, which is most likely why he disappeared in the first place.
Bitcoin is decentralized and thus doesn't need a leadership figure, which Satoshi Nakamoto would be.

In that sense, it's better if he remains hidden because the moment he shows himself and starts giving his opinions about Bitcoin's future, what people think will hold much less relevancy.
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October 23, 2017, 10:33:12 AM
 #18

So I've seen many threads created about Satoshi Nakamoto, the so called creator of Bitcoin. Which brought me to this question, Does Satoshi Nakamoto matter?
Especially now that bitcoin is being accepted quite well, and also its value rising every day.
Does it matter who its creator is? Or is he dead or alive or what he has to say?
What impact will any of this can have on bitcoin today or tomorrow?
I think here for few people it will matters much about the bitcoin creater identity and for many of the bitcoiners it doesn't mean any matter .
Here few people who are newbie want to enter in the world of Cryptocurrency to make earnings but a big problem they are facing by their heart is the proper identification of the bitcoin and owner and foundation that they can't found perfectly and definitely .
Here I myself is a bitcoiners who have not mentility about the bitcoin creater , here we just use the word that Satoshi nakamoto named perosn created it but in actual it is only a name for me that helps me to describe about the bitcoin . Here the growth and technology that is associated with the bitcoin tells me clearly that what I need and what I don't need at all .

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October 23, 2017, 10:34:19 AM
 #19

I guess if we change our focus to Elliptic Curve, yes still matter ( a lot ) ...

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October 23, 2017, 10:38:50 AM
 #20

I think satoshi nakamoto is very important in the role of bitcoin, it can not be denied that satoshi is the creator of bitcoin and he certainly has an effect on the development of bitcoin today, but somehow satoshi does not want to appear, I think he also has a lot of bitcoin that can affect the market bitcoin from the past until recently.
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