Satoshi Nakamoto Found, Now what?

[ICarolina]

I cant seem to find enough conversation on this. If they have found the "entity" that created (or Participated in creating) Bitcoin, what will this do to the exchange market? I understand that this is about technology, but for trading this is probably a bad thing in that the media will associate Bitcoin to one guy. We all have our faults and the BIG Banking institutions could certainly exploit this. Thoughts??

[sublime5447]

I dont think it will have much of an impact on the market price, but it is interesting that he is not financially literate and his expertise is in mathematics and secrecy.   

[BitOnyx]

Probably everyone acknowledge it was fake, swear to never buy Newsweek and move on.

When it comes to Satoshi background i don't even think he would need any financial background. Finances knowledge is probably not that necessary, not to mention if he is smart enough and for sure he is, he can just easy learn on his own without college or anything.

[ICarolina]

I think there is some merit to the article with Andresen's comments. My question is that there was some benefit to the anonymous nature of the code origin and now, if that focus shifts to one private individual, how does that get perceived. An example would be the accusations against Shrem and its effects on the exchange price. After all, the press first article (if it is really Satoshi) was considered negative in content.

[MatTheCat]

Probably everyone acknowledge it was fake, swear to never buy Newsweek and move on.

When it comes to Satoshi background i don't even think he would need any financial background. Finances knowledge is probably not that necessary, not to mention if he is smart enough and for sure he is, he can just easy learn on his own without college or anything.

I doubt very much that it is a fake, infact I am totally convinced it is real. But it is perhaps a shocking piece of journalism in the sense that this old man's live is going to be turned upside down. From the photograph Newsweek printed of his family home, many have already tracked it's whereabout's using google maps.

The other aspect of it is that if it does turn out that this project is a NSA Trojan Horse (whether Satoshi is wise to the fact or otherwise), then this piece of journalism could prove to be a huge public service.....bad for Bitcoin millionaires of course.

[leopard2]

I can't believe the guy published under his realname

Maybe he didn't think it would take off like that, back then?

Well he's got the funds to protect himself, if he is Satoshi 

[MatTheCat]

I can't believe the guy published under his realname

Maybe he didn't think it would take off like that, back then?

Well he's got the funds to protect himself, if he is Satoshi  

I think that is what everyone around here is getting in such a fizz about, denying it, calling the story fake, and then writing self-reassuring stories of how Bitcoin would bounce right back up even if Satoshi were to dump his stash. etc etc.

Now that his anonymity is gone, he may now be forced or pressurised to draw upon his BTC. Bitcoiners don't want cold storage Bitcoin going to market in search of FIAT, they want FIAT going to market in search of hoarded Bitcoin.

[FierceRadish]

I can't believe the guy published under his realname

Maybe he didn't think it would take off like that, back then?

Well he's got the funds to protect himself, if he is Satoshi  

I think that is what everyone around here is getting in such a fizz about, denying it, calling the story fake, and then writing self-reassuring stories of how Bitcoin would bounce right back up even if Satoshi were to dump his stash. etc etc.

Now that his anonymity is gone, he may now be forced or pressurised to draw upon his BTC. Bitcoiners don't want cold storage Bitcoin going to market in search of FIAT, they want FIAT going to market in search of hoarded Bitcoin.

He's currently denying he is Satoshi. Things are getting interesting.

[tutkarz]

I don't know what's the difference who created bitcoin if we know now whe is working to improve it. It's also important, especially that you know who to "ask" about changes you want to have in the protocol.

[chessnut]

http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

lol - bitcoin was invented because Satoshi was sick of paying large wire transfer fees when ordering model trains from the UK! I hope that he has made a saving buying his model train and we can all move on hahah.

[ICarolina]

I can't believe the guy published under his realname

Maybe he didn't think it would take off like that, back then?

Well he's got the funds to protect himself, if he is Satoshi  

I think that is what everyone around here is getting in such a fizz about, denying it, calling the story fake, and then writing self-reassuring stories of how Bitcoin would bounce right back up even if Satoshi were to dump his stash. etc etc.

Now that his anonymity is gone, he may now be forced or pressurised to draw upon his BTC. Bitcoiners don't want cold storage Bitcoin going to market in search of FIAT, they want FIAT going to market in search of hoarded Bitcoin.

I agree, but to me the bigger concern is that the media begins to dive into the mysterious "creator" story. I suspect we are to see more attempts to get the full story. It will have to break at some point and negative portrayals to an already blemished crypto-currency will only decrease the valuation. 

[ICarolina]

http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

lol - bitcoin was invented because Satoshi was sick of paying large wire transfer fees when ordering model trains from the UK! I hope that he has made a saving buying his model train and we can all move on hahah.

Funny, and unfortunately it might be true

[Undone]

I agree, but to me the bigger concern is that the media begins to dive into the mysterious "creator" story. I suspect we are to see more attempts to get the full story. It will have to break at some point and negative portrayals to an already blemished crypto-currency will only decrease the valuation. 

Do you get this scripted FUD from some kind of FUD ticker somewhere?

[ICarolina]

I agree, but to me the bigger concern is that the media begins to dive into the mysterious "creator" story. I suspect we are to see more attempts to get the full story. It will have to break at some point and negative portrayals to an already blemished crypto-currency will only decrease the valuation. 

Do you get this scripted FUD from some kind of FUD ticker somewhere?

Undone, this is the Speculation section of the Forum. If I have hurt your feelings, maybe you should go back to the Archive or work on that ticker of yours.

[cbutters]

http://www.gizmodo.com.au/2014/03/theres-reportedly-a-bitcoin-car-chase-happening-right-now-and-its-bonkers/


The Associated Press reporter is now saying he isn't the bitcoin "Satoshi".... see here:

From the article linked above:

It’s now emerging that he did it “all for a free lunch”.

Bizarre.

He has actually denied to AP being the inventor of Bitcoin. So that whole chase was for nothing?!

We’ll update you if we hear more. [Joe Bel Bruno via Business Insider]

[FierceRadish]

http://www.gizmodo.com.au/2014/03/theres-reportedly-a-bitcoin-car-chase-happening-right-now-and-its-bonkers/


The Associated Press reporter is now saying he isn't the bitcoin "Satoshi".... see here:

From the article linked above:

It’s now emerging that he did it “all for a free lunch”.

Bizarre.

He has actually denied to AP being the inventor of Bitcoin. So that whole chase was for nothing?!

We’ll update you if we hear more. [Joe Bel Bruno via Business Insider]

Just to be clear, the AP reporter currently with "Satoshi" hasn't yet reported back anything. The denial comes via Joel Bel Bruno, an LA Times reporter.

But it's looking interesting!

[cbutters]

so can we start doxxing and stalking this cunt? quid pro quo

http://www.newsweek.com/authors/leah-mcgrath-goodman

I'd like to agree if it weren't hypocritical.... there does need to be some due process against her though.

[fonzie]

so can we start doxxing and stalking this cunt? quid pro quo

http://www.newsweek.com/authors/leah-mcgrath-goodman

A call for violence/hate speech  WOW Such bitcoin. Impressive.
I just reported you to the local police.

[chopstick]

hey you morons. This guy is not the Satoshi that created bitcoin, LOL

https://i.imgur.com/DB4oq5s.png

Their writing styles are way different. On the one hand you have a semi senile old man with poor english who just wants his free lunch. On the other hand you have a supposed math genius who was extremely careful to hide his identity, encrypts all his messages with PGP, and very good english...

It's a no brainer. Newsweek jumped the gun and now lots of idiots actually think this poor old man is Satoshi, hahahahahahah what a joke.

[cbutters]

hey you morons. This guy is not the Satoshi that created bitcoin, LOL

https://i.imgur.com/DB4oq5s.png

Their writing styles are way different. On the one hand you have a semi senile old man with poor english who just wants his free lunch. On the other hand you have a supposed math genius who was extremely careful to hide his identity, encrypts all his messages with PGP, and very good english...

It's a no brainer. Newsweek jumped the gun and now lots of idiots actually think this poor old man is Satoshi, hahahahahahah what a joke.

+1 I've been saying it since this morning. The news and media are fools, all they care about is attention though... what do you expect.