What if?

[drumamat]

I wonder what would have happened to bitcoin if satoshi nakamoto was an American and come to think of it will all what we've been denied of in cryptocurrency world come to past already? I'm talking about ETF ,bakkt ,regulations ? If America was bitcoin birth home what would have happened by now? Just a thought

Look, the US is the dominating country in the world, many countries respect and follow what the US does, so if satoshi appeared and say that it is American, some countries would look at it as something good, but countries like Russia, China and others would see this is something created to destroy their countries. Maybe that's why satoshi is anonymous and nobody knows your nationality

There is no difference who created Bitcoin and where, most importantly, what kind of harm or benefit this technology can bring.

[Johnyz]

Same thing will happen because no one knows the real place where satoshi lives, maybe his friends of what but its not out in the market and still we are on the right place without knowing that. ETF and BAKKT will approve soon, and the market will pump again let’s wait for that and stop stressing yourself for any conclusion.

[jossiel]

Nothing.

Bitcoin market is independent and it doesn't depending if satoshi really comes from Japan, America or any country. It depends on supply and demand so it won't really give that effect that you are thinking right now.

Are you thinking that each citizen of America will start investing to bitcoin if they find out that Satoshi Nakamoto's citizenship is US'? no. It won't do anything different.

of course, but in the legality it might not be there and in my opinion when talking about prices it will have an impact on prices, where this news will be a fundamental increase for bitcoin

I really don't think so. In legal aspect there will be a positive impact but it doesn't mean that there will be a big impact to the whole side of bitcoin. An example would be the tax acceptance through crypto, did we get an increase after that?

No. The aspect of knowing if satoshi is an American doesn't really will give any effect to the market. And let's be real here and there's no way to figure out if he's an American citizen.

[pieppiep]

even though satoshi nakamoto is widely known by the people, the name of bitcoin will still be a bitcoin and the possibility that changes is the price, the price will probably have a very fast price movement and even price manipulation will occur because satoshi nakamoto is known to many people.

[johnine]

I know your point about the country but nothing to do with it, as long as people are using it to gained profit there will no stopping or against in it, money is there and we know the world now how it works. People are greedy and not contented in one only.

[satosibtc1000]

No one knows exactly who Satoshi Nakamoto really is. Maybe it's American or Japanese but I think that would be the essence has not changed. If we talk about the fact that the Us government created Bitcoin, I can say that its development and growth may not have been so aggressive as about bitcoin knew immediately millions of people, but when it was created about bitcoin knew units and it smoothly began its development.

[Artemis3]

I wonder what would have happened to bitcoin if satoshi nakamoto was an American and come to think of it will all what we've been denied of in cryptocurrency world come to past already? I'm talking about ETF ,bakkt ,regulations ? If America was bitcoin birth home what would have happened by now? Just a thought

Bitcoin can't have a nation. Is like trying to give a nation to internet. These kinds of global technologies get adopted by countries and each country decides what rules apply to it. As you can see internet have different rules and laws in each country (North Korea only allow a local network internet), and the same applies with bitcoin, some countries will allow it, others will block it, and others will try to take advantage from it.

Which is interesting because internet was born in USA, as a military project to keep data communications going in case of nuclear warfare. But its decentralized design made possible later for everyone to join and nobody to control, at least for the most part.

What north Korea has is not internet, its a single state network, not interconnected to anything. They do have people copying content they approve from the real internet hosted on their servers, but that's about it.

Bitcoin is decentralized, and that's what makes it strong. No single point of failure ensures no entity can easily shut it down.

And speaking of other interesting US developed projects, Tor was (is?) an US Navy project. There is also NSA's Selinux, among many other things. As long as it is free open source, where everyone can audit it to ensure it doesn't do hidden stuff on your back, its welcome. Yes, even if something was truly developed in North Korea (which so far I don't know of anything interesting shared to the world, aside from a leaked redhat/centos clone) it would be useful to everyone.

[BrewMaster]

bitcoin doesn't have a "birth home" and that is the whole point of it. in fact one of the reasons why the creator of bitcoin is "unknown" and is using a pseudonym is exactly that. it helps with preventing any kind of centralization in bitcoin and the idea behind it.
bitcoin is a decentralized system and to do that it needs to be global without any "birth home" and it will never have.

so what if it had, then it could have become centralized and be worthless like many centralized altcoins out there.

[mangsitin]

bitcoin doesn't have a "birth home" and that is the whole point of it. in fact one of the reasons why the creator of bitcoin is "unknown" and is using a pseudonym is exactly that. it helps with preventing any kind of centralization in bitcoin and the idea behind it.
bitcoin is a decentralized system and to do that it needs to be global without any "birth home" and it will never have.

so what if it had, then it could have become centralized and be worthless like many centralized altcoins out there.

Yes sir, it's true if Bitcoin comes from an American country, maybe Bitcoin will be controlled by them, but at this time Bitcoin stands alone without anyone controlling it. Where do you think Satoshi Nakamoto came from ?

[Dana-pasar]

bitcoin will be destroyed if the center is shaken up by problems, America holds the most bitcoin, if America has a problem, surely all of them will be affected ..

[coolcoinz]

You made 2 assumptions OP. One is that we would know the identity of Satoshi and the other that he would be an American. If we wouldn't know anything about him and only that he is some anonymous US citizen, or better that he was one at the time of writing the white paper, it wouldn't mean anything. Maybe only those who think the CIA made BItcoin would be given more facts to speculate on. If we knew his identity it could change many things. For instance, people would try to dig in his life to discredit him as a man and with it tarnish the image of Bitcoin.

[ecnalubma]

I'm not bothered of who Satoshi is but I'm more concern about how powerful he is, what if he dumps his holdings which can be catastrophic and dig deep the markets. Well if it happens that he is an American then sorry but America still can't control the global market due to decentralized system. Let us realize that even without hype Bakkt and ETF's, Bitcoin and crypto is here to stay doomed to grow.

[jerrison]

i have been in this same line of thought before but most times we think aloud and that also calls for contribution. i have considered the need for technological innovation to be pioneered from world powers and also the impact and effect it will create when such happens. i am surely believing that Satoshi Nakamoto is nothing else but an American.

[Desscount]

I wonder what would have happened to bitcoin if satoshi nakamoto was an American and come to think of it will all what we've been denied of in cryptocurrency world come to past already? I'm talking about ETF ,bakkt ,regulations ? If America was bitcoin birth home what would have happened by now? Just a thought

I don't think that's important, because until now Satoshi Nakamoto is not really showing himself, while those who claim it are just looking for sensations. it has been more than 10 years that bitcoin has been traded but no one really claims and proves that it is satoshi nakamoto.

[kucritt]

i dont think that it will changes anything right now, we can see that right now the bitcoin is affected by people, user of bitcoin, demand of bitcoin, market changes, so we dont think about creator of bitcoin will affect bitcoin and anything else

[blackhawkeye1912]

Nothing.

Bitcoin market is independent and it doesn't depending if satoshi really comes from Japan, America or any country. It depends on supply and demand so it won't really give that effect that you are thinking right now.

Are you thinking that each citizen of America will start investing to bitcoin if they find out that Satoshi Nakamoto's citizenship is US'? no. It won't do anything different.

I agree with that it doesn't matter anymore if Satoshi was an American or any citezenship. People nowadays are smart enough and have matured enough not to be influence by shallow thinking of citezenship.

[ipsec]

Nothing would change.
Even if the BTC was born in America, India or Russia.
Cryptocurrency is a product of the Internet. And the Internet has no borders like a countrys. It seems to me that the BTC appeared where it should and could appear. And nothing else.
We can talk about this for hours. But it was happened. And we can not change it now.

[fileo]

Things might be different than what it is now. Once the history change everything could possibly change. But pretty sure the concept of decentralized will not be change. No government can control the assets and marker capitalization of every crypto. There are more things to be considered and to look at the possibilities of what if.....

[mich]

Nothing.

Bitcoin market is independent and it doesn't depending if satoshi really comes from Japan, America or any country. It depends on supply and demand so it won't really give that effect that you are thinking right now.

Are you thinking that each citizen of America will start investing to bitcoin if they find out that Satoshi Nakamoto's citizenship is US'? no. It won't do anything different.

Fully agree with this statement.
Taking it a stop further, I think we would see decline in price in Satoshi came forward as an American citizen.
There would be much speculation about why he had been in hiding for this long, as why he was not around to help with his input during all these forks.
The price of BTC and other cryptos has taken such a bad hit that I doubt if he was a real person, it wouldnt matter where he was from.

[ancafe]

well, maybe it won't have any effect. I think, the thing that really affects that is when the SEC has received bitcoin, of course it will make it go up. things like where bitcoin comes from I don't think it will change anything now, because what really makes bitcoin valuable is the function, and the needs of people.