Can Satoshi Stop bitcoin?

[TIDOVEE]

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

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[20kevin20]

To stop it "again"? Has he ever done that before?

No, he doesn't have the power to stop it. If anything, if he ever comes back, he might temporarily be able to strongly influence the market. Considering the immaturity of the markets, that's possible but wouldn't last too long though. Otherwise, it is pretty unstoppable. Why would you listen to a guy who disappeared for a decade and sell everything or suddenly stop using BTC because he says so? We already understand the system and we like it as it is.

[jpnl0006]

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

The first question will be, why destroy a technology you built that is also functioning within the design specification. I do not see the reason for stopping bitcoin, it is unfortunate that even Saatoshi cannot stop it except he deletes the entire source code from the internet but i do not think he should.

[Wexnident]

Satoshi himself has no capability to stop it, and he himself should know it with how he built the blockchain system to work after all. This is basic of the basics though, and when has he ever stopped it to use the word "again" though? His influence could plenty be useful though in moving the market and influencing what movements could be possible in the market, but I doubt it would even happen at this point. Plus, if he decides to make himself show up and participate in the background coding or something of Bitcoin again, you'd expect a LOT of people to trace him, and no system is perfect and so you'd expect his real identity to be found out sooner or later. I really doubt he'd risk that after 10 years of not showing himself.

And let's be real, why would he even stop it? It's a medium that isn't on anyone's side, only the owner could decide what to use it for, good or bad, Satoshi just made the bridge at that point and anything that happens after shouldn't really be blamed on him or anything.

[mindrust]

If he still owns the private keys of the coins he mined, he can create a huge selling pressure.

When people see that satoshi's coins are moving to the exchanges, this will create panic. Satoshi has around 1 million coins and anybody in the right mind will be afraid because the number is so huge, he can manipulate the market in any direction he wants.

On the top of that, satoshi is seen as the ultimate holder. If any coins move from his addresses, then it pretty much means the game is over. Run for your lives.

[Lorence.xD]

Satoshi himself has no capability to stop it, and he himself should know it with how he built the blockchain system to work after all. This is basic of the basics though, and when has he ever stopped it to use the word "again" though? His influence could plenty be useful though in moving the market and influencing what movements could be possible in the market, but I doubt it would even happen at this point. Plus, if he decides to make himself show up and participate in the background coding or something of Bitcoin again, you'd expect a LOT of people to trace him, and no system is perfect and so you'd expect his real identity to be found out sooner or later. I really doubt he'd risk that after 10 years of not showing himself.

God bless Satoshi's design to prevent people from exploiting it, aside the typical bitcoin/cryptocurrency related scams, it works like a charm, I can agree with the fact that Satoshi will not stop it. Why would you destroy your brainchild when it is clearly flourishing and helping people liberate from mainstream financial bollocks.

[roadrunnerjaiv2025]

"...do you think he has the capacity to stop it again?"

Did he stop it once before? It's hard to imagine that Bitcoin has some kind of a switch off button and that Satoshi would someday want to press it. I mean after all the difference it's made so far, there's no reason to stop it anytime soon.

[hatshepsut93]

There's nothing that suggests that Satoshi is Japanese, "Satoshi" is just a pseudonym, he could be from any country.

No, Satoshi can't stop Bitcoin, no one can, the worst thing he can do is publicly prove that he is Satoshi, denounce Bitcoin, then dump all his coins. This would be a very bad scenario for Bitcoin, the confidence of many users will be shaken, and the price will plummet to extremely low levels. But people who understand Bitcoin deeply would continue believing in Bitcoin, and with time it will recover.

This is the worst case scenario, it's extremely unlikely to happen.

[mk4]

He can't stop it whether Satoshi likes it or not. Well, unless he has enough funds to literally 51% attack Bitcoin for long periods of time; or, dump all his bitcoin holdings in one go, effectively chashing bitcoin's price. But yet, these stuff could only potentially damage Bitcoin in the short term, not necessarily stop it.

[cryptomaniac_xxx]

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

Stop bitcoin? his code is open source so how can he stop it? Again, he has a Japanese sounding name, but it doesn't mean that he is Japanese, maybe it's just his pseudonym (fictitious name). And I doubt that he will destroy his invention. It has lived for more than ten years now, so it doesn't make sense for him to 'stop' it.

[tranthidung]

No one can personally stop bitcoin because it is operated with Proof-of-work algorithm. The only exception when bitcoin network stops working is no one on the planet mine bitcoin for a while ^[1]. Do you imagine when no one mine bitcoin on the planet, when there is appocalypse? I hope there will be no appocalypse because if it comes who will care about bitcoin. My life and my small family at that time will be the first priorities of mine.

^[1] Remember it is for a while because bitcoin difficulty is adjusted after each 2016 blocks so if there will be a single miner, I imagine that the difficulty will be superb slowly adjusted but after a too long period, it will return to very early days of bitcoin network. Is it possible?

[TedMosby]

IMO, satoshi can not stop it technically. because blockchain is immutable and decentralized.
but, with his power as a founder of the biggest cryptocurrency, there is a chance that he can shill people to stop using bitcoin. or maybe to move to a new kind of cryptocurrency.

[jademaxsuy]

Yes, he can because this is his creation and anytime they can declare the technology to stop its operation but if I were Satoshi why to stop this when is earning too much in bitcoin? The system was really not worth it if you will going to imagine but because people wanted a kind of digital currency like this in a form of galmbling with profits that could be earn. If not with profits I doubt that only few people will going to invest in bitcoin because only few for now accept cryptocurrency as choice for payment.

[Upgrade00]

On the top of that, satoshi is seen as the ultimate holder. If any coins move from his addresses, then it pretty much means the game is over. Run for your lives.

I don't think Satoshi moving his/her coins would mean game over at all. It would have a temporary effect and almost certainly create panic forcing many weak and even some strong hands to sell off and cause a dump, but this would not be a permanent damage and I would expect the market to recover after a while. There would also be absolutely no motivation to do this.

I'm not very tech savvy, but is there a possibility Satoshi may have left a back route of some sort into the network which can only be accessed through him/her?

[qwertyup23]

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

I do not think so but his knowledge may influence or affect the price of bitcoins in the market if he wants to. As the creator of bitcoin, I am pretty sure he has some coins kept and stored (among the 21 million in supply) and he may control the price if he has majority of bitcoins.

IMO, satoshi can not stop it technically. because blockchain is immutable and decentralized.
but, with his power as a founder of the biggest cryptocurrency, there is a chance that he can shill people to stop using bitcoin. or maybe to move to a new kind of cryptocurrency.

That is true. The blockchain technology is so precise that every transaction cannot be altered and its decentralized nature makes it nearly impossible to try changing the blocks. Even if he was the one who created such genius technology, once its fully operational I do not think on how he can alter each block without trying to cause some problems or errors in the system.

[mindrust]

On the top of that, satoshi is seen as the ultimate holder. If any coins move from his addresses, then it pretty much means the game is over. Run for your lives.

I don't think Satoshi moving his/her coins would mean game over at all. It would have a temporary effect and almost certainly create panic forcing many weak and even some strong hands to sell off and cause a dump, but this would not be a permanent damage

Mind that we are talking about 1million coins here. not 1000, not 50k, not 100k.

The market cap of 1 million btc is right now... well it is a lot of zeros. ~$12B. Wait... Now when I made this calculation you again made me realize how deeply we are fucked with Tether. I just remembered tether's marketcap ($10b) and it is almost as big as satoshi's stash.

[boyptc]

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

It wasn't claimed that satoshi lives in Japan. Obviously, with that pseudonym, it is easy to identify that it's a Japanese name.

But it was never claimed and verified that it's his actual identity.

[Sebas.tian]

He hasn't stop Bitcoin before and can't stop it again. The project has grown beyond one entity as such Satoshi Nakamoto can't stop the spread of Bitcoin or it existence. Though, the only means anyone even Satoshi Nakamoto can stop Bitcoin is only if he can have 51% attack as many have said on this platform. According to many, this can be done with huge funds and at the moment seem impossible. He can only distort the market if he eventually push  his holdings into the market, but can't stop it.

[cryptoperkele]

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

Stop it how exactly? He could manipulate the markets by suppressing the price or causing a flash crash that could take years to recover from, but that's really all he could do. He build it so that no one man can control it. Decentralized.

[rhomelmabini]

I don't think he can stop it, there's no push button that will likely to make that a reality. He may have the ability to drive the market because of his holdings but that doesn't mean it will be the focal factor of its stoppage.

Stop or not the underlying technology behind has already been known and understood now, we have to thank him/her/them for that invention.