Will Bitcoin fail if Satoshi is found?

[Abiky]

It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run?

[Leonardo7]

My take is that bitcoin is now beyond Satoshi's control, and it's now far bigger than its creator, Satoshi himself can't order a reversal of what has been gained so far in the bitcoin network. I think bitcoin will draw more attention and more persons will be interested in trading bitcoin since the founder is out, this will then create even more mystery. There are some persons in my network who await Satoshi's return.

[MarioV]

By now even if they find out, it will be too late. The experiment has started and is now well decentralized. At the beginning Satoshi would have been passivable for blackmail and/or extortion.

[ene1980]

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

Are you implying that the real Satoshi is a scammer to come up with a verdict like this to start a topic like this  . The next halving is coming up this year and the market is expected to rally in the next one year and my doubt is whether you want to know the opinion because of the drama going on regarding the tulip FAKE trust that is going the rounds for a long time.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run?

Satoshi left the project once he released it and what makes you think that the revelation could make any impact in the market. The project has grown well beyond the creator.

[squatter]

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes.

Jail?! What crime did he commit?

Regarding taxes, bitcoins were worthless in the early mining days -- there weren't even liquid markets and price discovery until sometime in 2010 -- so I don't see much tax liability stemming from his CPU mining. And presumably he hasn't realized any capital gains since the "Satoshi coins" haven't moved.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run?

Would it survive? Yes. Would it be compromised? Probably. I would hate to see Bitcoin with its own version of Vitalik Buterin. That would be heartbreaking.

[Ayiranorea]

The discussion associated with the identity of Satoshi will never get to a conclusion. Even if real Satoshi reveals none will agree someone to be Satoshi. Just because Satoshi is found there is nothing to worry, because the technology is independent of any identity and works without any interruptions. Maybe speculators try to manipulate the market and benefit out of the same.

[bittraffic]

They will try to talk to Satoshi to patent BTC and blockchain just as what CSW wants to do and this I guess will stop all these decentralization everywhere which they also don't like. This will be a terrible situation for all of us. Satoshi left making the project he left to be open source. I'm not sure if its possible to patent all these when its already developed by the devs trying to improve things.

[Sebas.tian]

As at now we cannot fall short to remember that; Bitcoin has grown to an extend that it has out grown it creator, as it has been controlled by community and not the creator. Satoshi if found will enhance more positive growth as he will gear the project fast forward. Although, what we have currently are|is faketoshi and not real Satoshi N. He created the project and now moved on to a bigger and a more complex project according to him/her.

[Rengga Jati]

-snip- there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world. -snip-

Yes, it is true. But no error can be found so far, right? Even many people try to analyze it in various ways, no one can find convincing clues. This means 100% anonymity is proven so far.    

-snip- If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. -snip-

Are you sure to call Satoshi, "he/she"? Don't you want to add "they"? How if Satoshi is an identity of a group of people?  

As long as Bitcoin is unregulated by any country, I think Satoshi has no responsibility to pay taxes. Moreover, governments cannot imprison people without strong reasons, now what is the convincing reason for imprisoning Satoshi? Illegal business?  

[Tramirostronix]

As long as Satoshi is not taking positions about the future of blockchain or Bitcoin (like some people are trying to do) everything will stay the same.
After I think we all agree about the fact that Satoshi is/was a group and not a single guy/girl.

[Yudhisthir]

Bitcoin had became so large and independent that no single individual or even a powerful government could make it a fail.
Though finding the real satoshi may have some negative impact on it's price for a short period.
The pseudonym satoshi considered to be the father of bitcoin is flawless in every aspect.
But when we realize the true identity of that person/team/organization, not every of us would be satisfied.

[th3nolo]

It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run?

I think the world is tired enough of Satoshis's attempts that even if we found the real satoshi he would be ignored.

With or without Satoshi Bitcoin it has proven that it can still work, even if one of the great developers of Bitcoin decides to retire tomorrow, Bitcoin will still work.

That has happened before, if it happens again there will only be some volatility and some sell pressure from weak hands. Those who understand the fundamentals of Bitcoin know that satoshi Identity is irrelevant.

[minersday]

You just need to understand that there is no way the identity of Satoshi Nakamoto will ever be known. And as it stands now,  knowing the identity of Satoshi Nakamoto will not either have negative or positive effect on bitcoin and Blockchain technology. This is because bitcoin is widely used in the crypto ecosystem and Blockchain technology has also been worldwide adopted as public ledger for storing and processing data. Its just a waste of time finding the identity of Satoshi Nakamoto.

[ntsdm1]

What are the odds of Bitcoin's survival once Satoshi is found?

He can't change anything.The network is already too big for anyone to influence it in any way.If Satoshi is found, the main thing that he did not provide access to their wallets where there is a huge number of coins.

[abdobe]

It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run?

Bitcoin will exist because Satoshi will not reveal his anonymity. Bitcoin will cease to exist if changes occur in its ecosystem, however, this can happen for various reasons, not only due to the appearance of Satoshi

[HammaSan]

In my opinion the fact that Satoshi is an unknown person or entity certainly influenced the early existence of Bitcoin. This mystery surrounding someone who created something as fantastic as Bitcoin has caught the attention of a multitude of people and media outlets worldwide. I think that if Satoshi comes up today, it won't bring much influence on Bitcoin

[JollyGood]

It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run?

Nobody knows for what would happen if some day Satoshi is found/discovered but it will get international press coverage. That in-turn will hopefully add to the intrigue surrounding the whole thing and with that a whole new wave of crypto investors and enthusiasts just might be joining the gang.

As for tax issues and jail sentences, it all seems a bit far fetched to me. Do not forget that Bitcoin and various other crypto is now being traded legally in many countries as either an alternative to fiat or complimentary to it. I think it is clear Bitcoin and altcoins and blockchains have gone too far to be able to be shackled or held back now.

I prefer to look at the positives rather than the negatives if Satoshi is ever found/discovered

 

[Tipstar]

People should actually respect the intention of satoshi to remain anonymous and stop looking for him at all.
Whether he is found or not, that would have no effect on the bitcoin as his role has been non existent for more than 7 years.
Though if alive, he might be active on some other things that may get hype if satoshi were to be revealed.

[oktana]

I think Satoshi could no longer even control what he had created. This technology is developing very big and not just the on / off button

The government will only waste time, or indeed they want a counter system from the same person / group. If the government catches it, it will be a time bomb if it is exposed globally where the eyes of the world will soon open and realize the decentralization of bitcoin is far better than fiat, and speculation will naturally increase.

[Zemomtum]

Satoshi is just 1 out of Millions. It has little or no control over Bitcoin at present since it is open-source. That is one good thing about a decentralized economy.  The technology has developed beyond what Satoshi can imagine from the contribution of the community.