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Author Topic: Will Bitcoin fail if Satoshi is found?  (Read 1383 times)
captaindz
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January 15, 2020, 11:04:25 PM
 #161

satoshi nakamoto stay anon is better for bitcoin i guess.
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January 15, 2020, 11:29:00 PM
 #162

Often we get to see people claiming themselves as Satoshi, and this discussion about finding the true Satoshi goes on and on. Until now there isn't any strong evidence to indicate a person as Satoshi. Based on this nothing to worry about the market change based on the identity reveal of Satoshi.

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January 15, 2020, 11:40:20 PM
 #163

It has already delivered the message of decentralization, it doesn't matter if he found or not as the project is open-source which has continued to get better day by day. So, it will have no effect and finding him is just like chasing a shadow.

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January 15, 2020, 11:55:16 PM
 #164

As I am trying to be a future-teller here, I think there will be some significant changes in the cryptocurrency community if Mr. Nakamoto is found. But honestly, I am thinking that it won't make Bitcoin fail but it will bring more success as there would be some topics around that will be answered if he is found. Proofs will be validated that Bitcoin and other cryptocurrency plays an important role in society just like what fiats do.

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January 16, 2020, 12:58:30 AM
 #165

In the first place, people who invented the technology greatly affects its condition whenever something happens to them, but completely with bitcoin, proven that it could still work despite of having no CEO or leader to maneuver it, what more it could be if satpshi will be found. In my opinion, just his presence will already drive bitcoin's market price, paving its way up to reach ATH.
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January 16, 2020, 01:14:34 AM
 #166

It has already delivered the message of decentralization, it doesn't matter if he found or not as the project is open-source which has continued to get better day by day. So, it will have no effect and finding him is just like chasing a shadow.
yes that's it does not matter if Satoshi succeed is found because Bitcoin will keep to continue to run and will not fail. but it is impossible for can to find it because maybe he is dead and all that's left is Bitcoin which can carve its name for all time.
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January 16, 2020, 05:06:08 AM
 #167

Probably because people are buying bitcoin with the belief that bitcoin is derelict.  But when Satoshi came back to whether he was accepting Bitcoin as a CEO for his project or if he let things go as they were, the Bitcoincore team took over and updated the project.  There is no set rule for Bitcoin that Satoshi has to agree to compromise, meaning that Bitcoin is completely free.  I think that if Satoshi does not appear it would be better.  People will continue to believe in their financial freedom more strongly.
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January 16, 2020, 05:17:51 AM
 #168

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? Huh
I do not think that bitcoin will fall when satoshi is found. There is no reason Bitcoin should drop its price hard during that case. Once satoshi reveal himself, I believe that he will make a great revolution, a great change to the blockchain and the system of bitcoin
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January 16, 2020, 06:57:29 AM
 #169

Bitcoin and blockchain is open source , Satoshi Nakamoto is only made for the general public and may be adopted in all aspects of finance in particular.
if he is found and the government asks for taxes then the cryto community must have many ways to help.

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January 16, 2020, 08:19:47 AM
 #170

Bitcoin is a free blockchain based idea. Therefore, bitcoin belongs to the society as a whole. If you find a person who invented and created the first cryptocurrency, then this will affect crypto, like any other high-profile events. But Bitcoin is already in use by many people around the world. Cryptocurrency is rooted in our lives. Therefore, if we find out who is the creator of bitcoin, then this will not affect us much. After all, the convenience and prospects of Bitcoin will not disappear from this anywhere.
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January 16, 2020, 09:09:17 AM
 #171

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? Huh
I do not think that bitcoin will fall when satoshi is found. There is no reason Bitcoin should drop its price hard during that case. Once satoshi reveal himself, I believe that he will make a great revolution, a great change to the blockchain and the system of bitcoin

Same beliefs, I think if one day he decided to reveal himself, people will support more of bitcoin because of confidence that the central figure of bitcoin is alive and can be a great force of influence in bitcoin flight as the major cryptocurrency. It is a positive impact on my opinion and will gain more respect from all walks of life that uses bitcoin.

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