boyptc
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September 01, 2020, 04:31:58 AM |
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Bitcoin is an open source that cannot being stop by anyone even Satoshi itself if i dont mistake. Even if his country wanna to claim bitcoin also cannot be do as this bitcoin is the property of everyone in the world. No one has bitcoin and no one can stood up and be the owner of bitcoin.
There is no proof that Satoshi Nakamoto is a real name. It is a Japanese name, there's no debate with regards to that matter. But in all of the names, his name was just made-up so that he can hide under that name. And if I've used the term "him", I'm speculating that he's a guy and there were other speculations that it's name of a group of people that worked for bitcoin. Nobody knows. I agree with you, no one knows exactly who Satoshi Nakamoto is and also no one knows who can stop bitcoin. however, as explained, bitcoin will still be mined and run within the available token limit. Yup. The current supply limit will is already written and it will be continued to be mined until it reaches the total supply limit and estimation for the last bitcoin to be mined was around year 2140.
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kotajikikox
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September 01, 2020, 04:45:52 AM |
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Satoshi nakamoto is just a pseudonym and he may not be in Japan. What is satoshi's reason to stop bitcoin? and how does he stop decentralized bitcoin? there seemed no reason to do so and nothing could stop it.
And we don't even Know if He/Her/They are still alive right? so how come that there is a possibilities for this one. And also Satoshi is only the creator but Not to destroy or stop Bitcoin.
If Satoshi will come back?i am sure there will be a Good news for all of us so please stop the bad thoughts and only the Good lets spread.
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20kevin20
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September 01, 2020, 06:41:08 AM |
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Not seeing any good reason also why he will do such thing. After a decade of existence and benefiting the crypto community, why would he ever think of stopping the bitcoin mania? So even if he has the way to stop it, not gonna see he will do such crazy thing on his creation.
There's one very good reason to do so: we're getting too far away from what BTC was supposed to be and we are helping it turn into a perfect tool for surveillance through the stuff we do such as supporting mostly centralized stuff and not caring about the true freedom we can earn through BTC. A lot of people just didn't care, so it evolved in a somewhat bad way.
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Janation
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September 01, 2020, 06:51:23 AM |
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do you think he has the capacity to stop it again?
Again? Did he stop Bitcoin in the past? And what do you mean by stop since Bitcoin is not a machine where developers would just turn it off whenever they wanted or Satoshi Nakamoto wanted it. It is said that he holds a million Bitcoin but we are not seeing any movement from that. Another thing is that if what you meant by that "stop" is him selling that million, I guess it would drop, yes but people would just take advantage of that and it will just go back.
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hv_
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September 01, 2020, 08:20:58 AM |
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Yes - he can make BitCoin great again
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Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
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Ucy
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September 01, 2020, 10:37:43 AM |
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I don't see how he can stop Bitcoin publicly/legitimately if it's not in his control. A well decentralized Bitcoin should be under the control of network participants/users. So, I think only them can come together & agree to stop it for some reasons...this would be legitimately done mainly via consensus... Or maybe by gradually handing over control to those who want Bitcoin stopped/centralized.
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famososMuertos
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September 01, 2020, 02:01:47 PM |
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I do not doubt that your question has a hole in the reasoning capacity of those who start in bitcoin, I think your question is more in the sense of beginning to understand bitcoin, it is something like helping me understand bitcoin, ey! I am also learning.
What I'm trying to say is that your question misfits a bit, because it's not so much about bitcoin discussion, it's like helping you understand the question in the thread. The issue is the argument, you must have a how? Satoshi could stop bitcoin from the point of view of such a thing, that is, your question is recurring.
-/Anyway/- Bitcoin has a theoretical part, which is subdivided into two simple parts, one basic and one advanced. Also intrinsic to this theory is a simple technical part and a very complex part, after all the above you end up in the execution.
What is execution? this idea that you mention in your OP, which covers much more aspects than what you mention. But also basically for the purposes of your question we can summarize it in two situations:
- The Bitcoin Core Network
- Users: his idea has us all; those who have just arrived, those who handle basic and advanced concepts speaking, discussing, on the bitcoin forum, making transactions, mining, undertaking projects of any kind related to the blockchain, trader, casinos, etc.
Then, according to the theoretical part, this is remotely possible, but stopping the idea at execution of bitcoin, (if they allow me to use the concept, although I have already taken the dare to use it before), it is difficult to have zero Entropia.
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Swordsoffreedom
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September 01, 2020, 06:26:08 PM |
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do you think he has the capacity to stop it again?
Again? Did he stop Bitcoin in the past? And what do you mean by stop since Bitcoin is not a machine where developers would just turn it off whenever they wanted or Satoshi Nakamoto wanted it. It is said that he holds a million Bitcoin but we are not seeing any movement from that. Another thing is that if what you meant by that "stop" is him selling that million, I guess it would drop, yes but people would just take advantage of that and it will just go back. Agreed, it is not like a machine that Santoshi Nakamoto turn off it when he wants. we all know that he has a huge amount of Bitcoin. with the help of these he can indirectly control Bitcoin market. if he wanted to sell all of the BTC he has, then there will be occurred a big change in BTC market. I don't think he can take this type of foolish decision. because Bitcoin market is rising day by day. every day new investors are being added to it. With the rise of investors, the price of Bitcoin has been rising day by day.
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Renampun
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September 01, 2020, 07:54:36 PM |
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Satoshi couldn't stop Bitcoin due to Bitcoin's decentralized nature... I agree with the replies from others who argue that Bitcoin will not be able to be stopped by Satoshi because Bitcoin is a decentralized and open source. do you think he has the capacity to stop it again?
Again? Did he stop Bitcoin in the past? I also didn't understand what the OP meant and asked myself 'when did Satoshi ever stop Bitcoin'!!!
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AicecreaME
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September 02, 2020, 11:51:45 AM |
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No, Satoshi don’t have the capacity to stop bitcoin. None of us can. It’s already unstoppable by now.
He’s the one who invented it, meaning he fully knows and much aware than anyone else how bitcoin works as he built it on blockchain system kind of method, with an open source code, and decentralized nature. He surely knows it won’t be stopped since people already have the grasp on what are its features and how it can be useful to them. It will just keep on improving.
And I don’t think using the word “again” in your question makes sense because he never did to begin with. Well, correct me if I’m wrong with this.
Bitcoin is becoming widely known, used and acceptable now. It’s blossoming and it really helps people whether it may be on investment, trading or merely source of income. I don’t think Satoshi would destroy his successful invention that has been beneficial to majority that’s thriving for more than a decade now.
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FlightyPouch
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September 02, 2020, 02:21:45 PM |
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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?
He will not be able to stop bitcoin. Bitcoin is decentralized and no one can stop it, even the developers. You can't say that it is unstoppable by the government since there are a lot of countries that already ban it, they could use it secretly but I don't think you should say unstoppable, they could limit the usage of it though.
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . 1xBit.com | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | | | | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | │ | | │ | | ! |
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Cryptocurrency Hunter
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September 02, 2020, 08:24:35 PM |
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Satoshi Nakamato is smarter than we thought, she disappeared suddenly after installing this system.In this way, Bitcoin ensured that no one could break this system, and even that it was not found by bad people, which allowed Bitcoin to be used completely neutrally and only by people in a decentralized manner. I think the loss of Satoshi Nakamato herself has enabled Bitcoin to grow this much. I think this sounds like a designed success story to me, but maybe there are other things too.
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DabsPoorVersion
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September 02, 2020, 09:31:14 PM |
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What do you mean by "do you think he has the capacity to stop it again?"
Does he ever do this before? I don't think so. And right now, no one has the capability to stop bitcoin even the creator itself. He knows it to himself that what he created can stand alone even if there are many circumstances, there is no possibility or capability of anyone who can stop it.
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0nline
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September 08, 2020, 05:00:00 AM |
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NO ONE CAN STOP BITCOIN!!
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QEthelbert
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September 09, 2020, 06:17:55 PM |
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Nobody can stop coins which are in use at this moment, because this is decentralized system. What Satoshi can do is to stop adding BTCs on the market. In my opinion, this might have impact on significant increase in price of BTC.
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Chainsmokers
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September 09, 2020, 06:23:51 PM |
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really impossible if bitcoin can be stopped despite its owner or creator the popularity of bitcoin is already very great in the eyes of the world let's see some countries that prohibit bitcoin trading has no impact at all with bitcoin, bitcoin will still exist will be even more popular
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Betwrong
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September 10, 2020, 09:26:53 AM |
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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.
As of today, I think it's impossible to kill Bitcoin by dumping, say, a million BTC, and crashing its price. I even think that the dumping might have an opposite effect. At first, Bitcoin price would drop significantly, maybe to the levels below $3k, but after that we'd have a mass influx of newcomers, who were waiting for such a low price to buy, and were almost losing their hope. There are millions and millions of such people, and they would surely jump in, because it would be probably their last chance. It might take months for BTC to restore its value after such a dump, but resurrection and rising is inevitable.
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Astvile
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September 10, 2020, 10:21:23 AM |
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do you think he has the capacity to stop it again?
Again? has he done that before give us some info because I know nothing on Satoshi stopping bitcoin. Satoshi can't stop bitcoin at any means but he may affect the market bigtime when he returns and used his coins if he still have the private key to it, dumping bitcoins price may stop bitcoins growth for a month or two but not enough to totally stop and kill bitcoin. I can't think of anyways on how and WHY would he even stop or kill what he created now that it became such a big thing in our generation.
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DatKing
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September 10, 2020, 07:18:59 PM Last edit: September 10, 2020, 09:06:32 PM by DatKing |
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We don't even know who invented Bitcoin exactly. It is claimed that a person nicknamed "Satoshi" did it but there is no clear evidence about it. Who knows, maybe some group of people invented Bitcoin and didn't want to expose their identity. When it comes to the probability that Bitcoin can be stopped or not, I think it is not that easy. Bitcoin has been in the market for a very long time and it looks like it will continue to increase its popularity and to be used in more places every year.
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mk4
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September 11, 2020, 03:42:52 PM |
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logical ... I also believe that when there was a panic over the release of 51% of the total bitcoin supply, I think it only resulted in a sudden drop in prices. The chart will show us some very steep descents. this could be a nightmare for holders, and a beautiful dream for newcomers. Holders only have the option to hold back and emotion to wait for the price to recover upwards again ... it may take a little longer, but the aftermath is, the development of bitcoin will be even better because the inventor can become the sun for the whole bitcoin family.
1. I completely doubt Satoshi had around 51% of the total supply. 2. If someone would market dump 51% of the total supply(though it's obviously a stupid move even if a certain person plan on selling everything), chances are, the price drop is just going to be temporary, and the sold bitcoin would just be redistributed to a huge number of people(which is good). 3. I doubt the development of bitcoin will be "better"; simply because I'm guessing a significant number of the developers are paid in BTC.
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