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HarmonyA
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January 04, 2020, 10:58:27 PM |
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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 have learned alot from Satoshi Nakamoto anonymity. This help in making an inventor focused on his/her private life, while at the same time creating impact with an innovative technology. Finding Satoshi is no longer necessary as government has the power to halt the invention if the need be. But it is not visible because Bitcoin has helped to expose the world to blockchain Technology. |
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Artemis3
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CLEAN non GPL infringing code made in Rust lang
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January 04, 2020, 11:20:52 PM |
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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? No, Bitcoin is not in control of Satoshi, he cannot stop Bitcoin even if he/she/they wanted to. A slight correction: Bitcoin is currently 11 years old. It started (main net running) Jan 3 2009. BTW this is the case with all Free and Open Source projects. You cannot stop Linux if you get rid of Linus Torvalds (the infamous "what if a bus hits Linus" argument). With Bitcoin is even better, as Satoshi stopped any developing of it in 2010, and the project has continued without him/her/they. A decade later nothing has happened, i don't expect anything in the next decade either. If some (or all) of the current core devs disappear, the project would slowdown updates until others take control, but the network would go on just fine. Other projects are less popular and often a 1 person show, those tend to be harmed the most. But Bitcoin has several people involved. |
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GideonGono
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January 05, 2020, 07:40:09 AM |
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I don't see why Bitcoin would fall if we find the identity of Satoshi Nakamoto. In the same way it could rise to new heights. But if Satoshi managed to keep himself private until now I don't see why it would reveal himself now. Maybe he will decide to reveal himself before he passes on in order to remain on our world's history, but that's just a guess.
Yup but also it can be a theory if satoshi was his real name and we don't know if he is alive or not. Even they found satoshi there are no really happen when they don't do anything about bitcoin. It can manipulate by satoshi but it can do also by a lot of big investor who bought a million bitcoin when it started during 2009. |
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crossabdd
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January 05, 2020, 08:28:55 AM |
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I think, Satoshi already knows what he made. it will affect the world. so he hid his identity. this is different from the current developers who choose to put their names and photos in their works. satoshi has changed the world to be decentralized. while the government doesn't like that. because there are no rules. I'm sure bad influence will occur if Satoshi is revealed. but that won't kill BTC. will only drop.
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White Christmas
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★Bitvest.io★ Play Plinko or Invest!
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January 05, 2020, 08:52:11 AM |
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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? If Satoshi was being found then probably bitcoin will still continue to operate as what it is used to be. Not just because the developer of the bitcoin has been found means the production and the operation will stop already. It is a merely of fact that even though the government will be able to find the real Satoshi, which is very hard to do it cannot stop the operation of bitcoin because many people and also the crypto community will be able to fight when the government force to stop the operation of bitcoin, but there are chances that it somehow affect the market when Satoshi was being found, maybe the bitcoin may dump or whatever happens. Still bitcoin will be successful on the long run just trust on bitcoin. |
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tianglistrik
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January 05, 2020, 08:57:29 AM |
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I think, Satoshi already knows what he made. it will affect the world. so he hid his identity. this is different from the current developers who choose to put their names and photos in their works. satoshi has changed the world to be decentralized. while the government doesn't like that. because there are no rules. I'm sure bad influence will occur if Satoshi is revealed. but that won't kill BTC. will only drop.
when talking about government then they always think of control and also power. bitcoin is very different and if there is legality in a country there must be some restrictions on users or large taxes. so it is possible that if Satoshi Nakamoto gives out his identity information then he could be controlled by an institution, but might also be able to develop bitcoin even further. |
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Colt81
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January 05, 2020, 10:01:25 AM |
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If Satoshi will be found or know about his true identity, itnis impossible for bitcoin to fail because more people will get to know more about bitcoin which it could have a huge impact on bitcoin's price. Also, Satoshi will be a great danger if a lot of people will know about him because people would steal from him.
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kayvie
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January 05, 2020, 10:33:40 AM |
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If Satoshi will be found or know about his true identity, itnis impossible for bitcoin to fail because more people will get to know more about bitcoin which it could have a huge impact on bitcoin's price. Also, Satoshi will be a great danger if a lot of people will know about him because people would steal from him.
Is it really possible for bitcoin to have more people know about bitcoin if satoshi's identity will be revealed? Because I don't think that this is what exactly will happen, bitcoin's price can increase even without knowing the real him so it does not affect at all. Also, everyone is in danger due to possible robbery or stealing. There is no one is safe with it. If ever that his identity will revealed, there is nothing will change. |
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Gheka
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January 05, 2020, 11:19:02 AM |
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I think, Satoshi already knows what he made. it will affect the world. so he hid his identity. this is different from the current developers who choose to put their names and photos in their works. satoshi has changed the world to be decentralized. while the government doesn't like that. because there are no rules. I'm sure bad influence will occur if Satoshi is revealed. but that won't kill BTC. will only drop.
Well, the price of bitcoin doesn't just drop when Satoshi is revealed, what's more important is that our identity and our activity in the market, all will get direct control from the government because Satoshi is known as the creator of this system, he knows the structure and operation process, plus the assets he holds, if the government can find him, the government will have the key to manage bitcoin as they wish. However, perhaps sensing danger and importance, Satoshi seems to have become the atmosphere for so many years, people have gradually forgotten the existence and do not want to keep searching. |
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nasipadang
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January 05, 2020, 12:20:43 PM |
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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.
I'm not sure if someone who developed a technology was arrested because of the technology, and there is no clear evidence. I agree on digital traces, but this is anonymous and Satoshi is also entitled to legal protection because he only makes. and so far he has not committed a crime but crypto users are doing it. I once read about a thread made by someone who told Satoshi, that he would remain anonymous and would not show himself and if not mistaken it was made a few years ago. in other cases if satoshi is properly captured I think the level of user distrust will decrease and what you say might be true that bitcoin will become dust. |
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taraku78
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January 05, 2020, 01:03:48 PM |
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Are you sure Satoshi is just one man? even if Satoshi is a group of men, I don't think Bitcoin will fail because many people now own it. And more people now aware of bitcoin and hold it also. That's what I thought.
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jhonjhon
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January 05, 2020, 01:15:02 PM |
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I don’t think so, Bitcoin will still be successful even if Satoshi will be found, I just think it will become even more successful if Satoshi will come out because he can attract more and more investors. However, no one of us know who the real Satoshi Nakamoto and if someone know they are not planning to disclose any information who the real Satoshi Nakamoto so I don’t think he will come out anytime soon.
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nomenclatur
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January 05, 2020, 01:21:10 PM |
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I think satoshi Nakamoto was still alive and he hides his identity in order to secure and also for sustainability in the future because bitcoin currency to be one that is already known around the world he did not want bitcoin to disintegrate and cause cryptocurrency to deteriorate and disappear instantly.
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ice098
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January 05, 2020, 01:21:54 PM |
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Are you sure Satoshi is just one man? even if Satoshi is a group of men, I don't think Bitcoin will fail because many people now own it. And more people now aware of bitcoin and hold it also. That's what I thought.
We all know that Satoshi Nakamoto is the founder of bitcoin but nobody knows who he is. Even his face nor his personal details we just know him by name but we dont know his personal appearance and attributes until he was gone after he have created the bitcoin. And I think if he come back today in the crypto world, most of us will praise him for making bitcoin and instead of vanishing I am pretty sure that the value of bitcoin will rise due to its demand |
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Reid
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January 05, 2020, 02:54:43 PM |
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The roots are already nourished well so I don't think one person could make a lot of difference by now. Besides, if he is found I think they will just put him in jail or worse make him work for them as an employee of an underground agency.  Bitcoin is his baby, he will not jeopardize anything from which he founded from a scratch. He might be dead by now or he just don't want to be found anymore. Bitcoin will still stay. |
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Kunnu
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January 05, 2020, 05:33:45 PM |
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First of all it's impossible to found the developer of Bitcoin this can be possible if the developer of Bitcoin himself appears in front of the world and show his/her identity if he/she appears then probably there are many governments waiting for him which are thirsty for his/her blood but we shouldn't not forget that there are also some governments which will definitely support him and I don't think there will be any negative effect on Bitcoin if he/she appears.
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seandiumx20
Full Member
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Activity: 312
Merit: 109
arcs-chain.com
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January 05, 2020, 07:41:25 PM |
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First of all it's impossible to found the developer of Bitcoin this can be possible if the developer of Bitcoin himself appears in front of the world and show his/her identity if he/she appears then probably there are many governments waiting for him which are thirsty for his/her blood but we shouldn't not forget that there are also some governments which will definitely support him and I don't think there will be any negative effect on Bitcoin if he/she appears.
It is very difficult to find him and it is possible that satoshi is dead already. Since then, I don't think he's been showing guts in the media because the real genius doesn't have to be political. Some famous personnel are just going to make him work as a candidate, or perhaps the government is just going to make an issue with him. There are many potential issues that will arise once the personality of satoshi has been identified. Therefore, there is no way satoshi will show himself to the public. |
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aardvark15
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January 05, 2020, 08:08:49 PM |
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I don't think the price will necessarily fall if Satoshi is found. However, if the Bitcoin addresses that are supposedly attributed to him are used, then the price would drop because there would be the potential that the market would be flooded with new Bitcoins.
Even if Satoshi mentioned that he might tap into those Bitcoins, it could make the price drop.
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drumamat
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January 05, 2020, 08:22:44 PM |
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I think, Satoshi already knows what he made. it will affect the world. so he hid his identity. this is different from the current developers who choose to put their names and photos in their works. satoshi has changed the world to be decentralized. while the government doesn't like that. because there are no rules. I'm sure bad influence will occur if Satoshi is revealed. but that won't kill BTC. will only drop.
Quite true.If Satoshi is found, there will be many opponents of this and, accordingly, many will start selling bitcoin.Because the paradigm of anonymity and the essence of creating bitcoin will be violated. |
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JollyGood
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Merit: 1713
Top Crypto Casino
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January 05, 2020, 09:20:34 PM |
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I don't think the price will necessarily fall if Satoshi is found. However, if the Bitcoin addresses that are supposedly attributed to him are used, then the price would drop because there would be the potential that the market would be flooded with new Bitcoins.
Even if Satoshi mentioned that he might tap into those Bitcoins, it could make the price drop.
Is there a list available that claims to show addresses owned by Satoshi? |
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