[2017-10-27] Bitcoin’s origin remains a mystery. Here's why it matters!

[GetBABB]

One of the biggest mysteries in the technology world is the identity of Satoshi Nakamoto, the computer programmer who invented the digital currency bitcoin.

That's because the name—Satoshi Nakamoto—is a pseudonym. It could represent a man, a woman, or even a group of people.

And, since the cryptocurrency was created in 2008, no one has been able to figure out who Nakamoto really is.

But beyond solving a longstanding mystery, experts agree that uncovering Nakamoto's identity could have an immense impact on bitcoin's economics and internal politics.

https://www.cnbc.com/2017/10/27/bitcoins-origin-story-remains-shrouded-in-mystery-heres-why-it-matters.html

[Kprawn]

It will definitely have a impact. If the NSA is behind this, people will drop BTC like a dog drops a turd. We saw what happened

when CW claimed to be Satoshi Nakamoto. { A lot of personal attacks and raids from his local authorities } If he was found

alive and in control of his +/- 1 000 000 coins.. people will doubt his/her intentions for not selling. We will see a shit storm, if

his/her or their identity is revealed.  

[Marry Finch]

I do not think that the identification of Satoshi Nakamoto or the team that subscribed to this pseudonym is of great importance for the functioning of the crypto currency. Moreover, it will have a serious impact on its domestic policy. Whatever it was, however, I believe that this mystery will no longer be revealed. Periodically, there will be versions on this matter and even some evidence will be presented to support these theories, but it will not lead to anything. Almost ten years have passed since the creation of bitcoin and the more time it takes, the harder it is to get to the truth.

[hatshepsut93]

If Satoshi would reappear, I think he will most likely refuse to take the role of leader, because he wanted Bitcoin to be developed by open source contributors, with approval from the community, which is what we actually have now. It might even be one of the reasons why he choose to leave, so Bitcoin won't have a weak central point, like for example Vitalik Buterin is for Ethereum's network - just remember how the price crashed some time ago when someone started spreading rumors that he died in a car accident. So, from a technical standpoint it doesn't matter who is Satoshi, and if the market is rational, it shouldn't strongly affect the price.

[btcton]

If Satoshi would reappear, I think he will most likely refuse to take the role of leader, because he wanted Bitcoin to be developed by open source contributors, with approval from the community, which is what we actually have now. It might even be one of the reasons why he choose to leave, so Bitcoin won't have a weak central point, like for example Vitalik Buterin is for Ethereum's network - just remember how the price crashed some time ago when someone started spreading rumors that he died in a car accident. So, from a technical standpoint it doesn't matter who is Satoshi, and if the market is rational, it shouldn't strongly affect the price.

If he did come out of hiding I feel like the markets would react very harshly. Not necessarily because he appeared and because it might have some sort of impact (he probably would not have a significant impact anyway-- Bitcoin has been doing fine without him), but specifically because of the market trying to overpredict itself. It would be just day traders trying to out-trade themselves. I would honestly be surprised if a significant price change caused by this were to last for the long term, whether it be an upwards change or a downwards one.

[rjbtc2017]

Surely it does, it will create an impact but surely it will create different theory and conspiracies about bitcoin. It may also change the way we see bitcoin, it may also affect the price of bitcoin. In my opinion i wanted it to remain a myatery,  staying that way would make Bitcoin continue as is. I want to thank Satoshi Nakamkto for being Anonymous since the creation of Bitcoin.

[Kemarit]

I have the same sentiments, the market will react very drastically that's why it is he is better off hiding and keeping his identify pseudonym. That's why the man is pure genius, he is one step ahead and re surfacing will have a great impact to his creation that's why he didn't bother to touch his stash of bitcoins. Maybe he is still alive or maybe not, but the best thing for us now and enjoying his inventions. And I don't think that he will resurface because he knows for sure that it will have a immense effect on the price and he don't want to be the inventor who eventually crashes his own invention.

[panju1]

Why do people assume that if Satoshi reveals himself, he will proceed to dump his coins. Even if that does happen, there will be a lot of investors ready to purchase those coins at the prevailing market price for a bulk deal. All this paranoia is an extreme case of over-reaction.

[Karartma1]

I really hope Satoshi has all the money he need to remain anonymous until the end of his life. At this point, to reveal his identity would be catastrophic for his life, his family and his creation.
Satoshi donated us the last tool to keep our financial freedom in this 1984 world

[BLAST2MARS]

I really hope Satoshi has all the money he need to remain anonymous until the end of his life. At this point, to reveal his identity would be catastrophic for his life, his family and his creation.
Satoshi donated us the last tool to keep our financial freedom in this 1984 world

He might be dead right now. Now is the right time to show himself but he's still not or even any signs just to ensure that he is monitoring everything that is happening.

[Lancusters]

Bitcoin is a very ambitious project, and I will never believe that it could be done by one person. I guess we'll never know who the author of this idea, but I think that is a large group of people funded by people like Soros. Now they own most of the coins and can easily manipulate the market. Even if so I'm glad I managed to jump on the bandwagon.

[buwaytress]

Of course it matters, in some varying degree, depending on who it matters to. But Bitcoin has moved on from Nakomoto, the moniker now a respectful homage more than anything else. Yes, there are some, including recent forkers, who still use his eponymous whitepaper in bible-thumping validation of their rebellion.

But what's the worst-case scenario? People discover Bitcoin was a hoax? It was a big conspiracy? So what? It's now the world's most-used cryptocurrency. It's accepted as payment globally by a growing pool of merchants. Its underlying blockchain technology has now inspired hundreds of innovations. As much as I dislike the phrase... "it's too big to fail".

[Kprawn]

Why do people assume that if Satoshi reveals himself, he will proceed to dump his coins. Even if that does happen, there will be a lot of investors ready to purchase those coins at the prevailing market price for a bulk deal. All this paranoia is an extreme case of over-reaction.

I disagree... A lot of people subtract those coins from the total available coins, because we think Satoshi is either dead or he

has no control over those coins. The mere indication that those coins might get back into circulation, suggests that he might

dump those coins in the future and this will increase the risk for our investment. The markets will not recover after a huge

dump like that. We saw what happened with the Silkroad auctions and that was only a few thousand coins. 

[BitcoinMoses]

I am Moses ! BitcoinMoses.

I have a Bitcoin Prophecy for you all. Satoshi Nakamoto has stand-up. He is watching every things. He is even watching and analysing the post of Marry Finch, who likes to know the full story of Satoshi's life and how he got the Bitcoin idea, but she posted here that, true story will not be revealed because of serious impact on domestic policy  and a fake version could be published and to support it there will be given some sort fake evidence.

Satoshi Nakamoto has opened his 'Right Eye' he is watching !

----------------------------------------------------------------------------


Marry Finch Wrote,
"The idea to create a film about Satoshi Nakamoto, of course, is interesting. However, I would like to see not just a documentary about Satoshi's search and reasoning about who he could be and why he hid his identity. I would like to see a feature film about his life and the way he came to the idea of ​​the need to create a digital currency. It would be interesting. However, we know little about him. We do not even know if such a person was, or is a pseudonym of a certain collective."


Then Marry Wrote here,
"I do not think that the identification of Satoshi Nakamoto or the team that subscribed to this pseudonym is of great importance for the functioning of the crypto currency. Moreover, it will have a serious impact on its domestic policy. Whatever it was, however, I believe that this mystery will no longer be revealed. Periodically, there will be versions  on this matter and even some evidence will be presented to support these theories, but it will not lead to anything.  Almost ten years have passed since the creation of bitcoin and the more time it takes, the harder it is to get to the truth."

If Marry Finch is an insider then she has full knowledge about it what she is saying.

[gentlemand]

The markets will not recover after a huge dump like that. We saw what happened with the Silkroad auctions and that was only a few thousand coins.  

'A few thousand' was 144,000. I don't believe Satoshi has one million coins, but it's certainly in the hundreds of thousands so maybe 2-3x more than the SR coins. Did the world end? It barely hiccupped. He can only sell once and it's doubtful he ever will.

That article compares BTC to rare baseball cards. That's a pathetic comparison. BTC is not a collectible.

[senin]

Crypto currency is so revolutionary and in time appeared for people as if from nowhere technology, that I even met the assumption that Satoshi Nakamoto could be a traveler in time, who prompted us this necessary technology. Whatever it was, the Crypto-currency will greatly affect the course of human history and makes us look at the world of finance on the other hand, the sides of free financial relations between people without any third intermediaries and the wide possibilities of operations with Crypto-currency at any time of the day and almost instantly transfer money to anywhere in the world.

[sindikat]

It seems to me that no matter who was the Creator of bitcoin. For me it is important that this currency has completely changed the world. Now it is not noticeable because a few supporters, but their number is growing exponentially, and soon the whole world will be under the authority of that currency. Each of us will have their part of the world values.

[xFiber]

Why do people assume that if Satoshi reveals himself, he will proceed to dump his coins. Even if that does happen, there will be a lot of investors ready to purchase those coins at the prevailing market price for a bulk deal. All this paranoia is an extreme case of over-reaction.

I disagree... A lot of people subtract those coins from the total available coins, because we think Satoshi is either dead or he

has no control over those coins. The mere indication that those coins might get back into circulation, suggests that he might

dump those coins in the future and this will increase the risk for our investment. The markets will not recover after a huge

dump like that. We saw what happened with the Silkroad auctions and that was only a few thousand coins. 

The prices will recover. Because the system remains the same and as long as the community and the users trust bitcoin as a legitimate means of storing and transferring value, it will recover from a multi billion dump. But that's assuming satoshi, or the team behind it, are still in control of the private keys or aren't dead. And even if they were still alive and in control of the keys they would make the, in my eyes, unlikely decision to dump all their bitcoins at once.

The silkroad auctions were a couple of years a go. Back then the market wasn't as strong as it was today. We had a smaller market cap, which makes the market more volatile when big amounts of money are being traded.

[richardsNY]

I am thankful for what Satoshi has come up with, but aside from that, there is nothing that makes me think about Satoshi. If it wasn't this article, Satoshi wouldn't even come up in my mind. Satoshi's role is out and over, and it stays like that. If the market still sees the importance of Satoshi in relation to Bitcoin, then that's their problem. As long as the supposedly million Bitcoin units aren't moving, there is no need for the market to panic. The blockchain is open for everyone to browse through, so get yourself a small bot up that scans the early addresses containing the mining rewards, and you'll know when to start dumping.

[Irvinn]

I think that right now, after almost ten years since the creation of bitcoin, the question of its creator remains very important and interesting from the point of view of learning the history of creating crypto currency, but it does not have such a fundamental significance. People have already appreciated the positive revolutionary qualities of the crypto currency and will support it regardless of who created it. Now only mentioning the words of the crypto currency and blocking in the name of commercial firms sharply raise its prestige and lead to an increase in their shares.