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Author Topic: I don't find any flaws for BTC except this one...  (Read 307 times)
virtualdn (OP)
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May 20, 2021, 08:13:09 AM
Last edit: May 20, 2021, 02:55:56 PM by virtualdn
 #1

...we don't know who Satoshi really is. Does it matter? Yes it does. It makes a big difference.

Because if Satoshi is Elon Musk or the government then we are all being fooled and BTC may not be what we're hoping for. I'd be extremely disappointed myself and I'd probably sell everything the next minute.

I am a huge BTC supporter but sometimes the thoughts above scare me. Maybe we're living an experiment.

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May 20, 2021, 09:36:41 AM
 #2

How Elon Musk can be Satoshi he doesn't even look Japanese?

And why do you want to know about him it's not a good idea to find the founder of Bitcoin. Anytime if they know Satoshi Nakamoto personally there is a huge risk that they can use Satoshi to manipulate the market or kidnap to force him to give all of his BTC holdings including the private key of burn BTC address like this one 1CounterpartyXXXXXXXXXXXXXXXUWLpVr or this 1111111111111111111114olvt2

Which holds a large amount of BTC and can be used to manipulate the market.

That's why Satoshi choose to hide his identity to protect himself/his family and the future of BTC from bad people.

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May 20, 2021, 09:47:08 AM
 #3

Because if Satoshi is Elon Musk or the government then we are all being fooled and BTC may not be what we're hoping for. I'd be extremely disappointed myself and I'd probably sell everything the next minute.

It's actually the opposite, it doesn't truly matter if Bitcoin created by government, or by some group of people with hidden motives or by some mad genius, Bitcoin is open source, it has been studied by thousands of people who are some of the best in their fields, and no one found any backdoors in it, so why worry about motivations behind the creation of Bitcoin?

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virtualdn (OP)
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May 20, 2021, 09:48:55 AM
 #4

Because if Satoshi is Elon Musk or the government then we are all being fooled and BTC may not be what we're hoping for. I'd be extremely disappointed myself and I'd probably sell everything the next minute.

It's actually the opposite, it doesn't truly matter if Bitcoin created by government, or by some group of people with hidden motives or by some mad genius, Bitcoin is open source, it has been studied by thousands of people who are some of the best in their fields, and no one found any backdoors in it, so why worry about motivations behind the creation of Bitcoin?

It doesn't matter to you. But it matters to me. If it's created by the government it can't be as open source as you may think or they want you to believe.

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May 20, 2021, 09:55:38 AM
 #5

I'd be extremely disappointed myself and I'd probably sell everything the next minute.

So you would sell an asset of yours that you have trusted because of its design, you have defended it for years (I assume) and you have used it flawlessly just because you will find out that the one who invented it is a guy you don't like?
I have to be brutally honest, this sounds so damn stupid!
Stop drinking Fanta then cause it was invented in Nazi Germany! Damn, just look at who invented and created tor and onion routing.

How Elon Musk can be Satoshi he doesn't even look Japanese?

Sorry, but why should Satoshi be Japanese in the first place?
When I was in college I was choosing all my nicknames to be either Arabian or Chinese on forum games I used, and I can't speak 3 words in those languages and I did that because pronounced as you read things in my language they sounded funny as hell.




virtualdn (OP)
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May 20, 2021, 09:56:40 AM
 #6

I'd be extremely disappointed myself and I'd probably sell everything the next minute.

So you would sell an asset o yours you have trusted because of its design, you have defended it for years (I assume) and you have used it flawlessly just because you will find out that the one who invented it is a guy you don't like?
I have to be brutally honest, this sounds so damn stupid!
Stop drinking Fanta then cause it was invented in Nazi Germany! Damn, just look at who invented and created tor and onion routing.

How Elon Musk can be Satoshi he doesn't even look Japanese?

Sorry, but why should Satoshi be Japanese in the first place?
When I was in college I was choosing all my nicknames to be either Arabian or Chinese on forum games I used, and I can't speak 3 words in those languages and I did that because pronounced as you read things in my language they sounded funny as hell.





This has nothing to do with your Fanta example. Musk is playing all of us right now and I'd refuse to be a part of a bad joke.

Meanwhile let's hope under the Satoshi nickname is an individual/organization with good intentions.

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May 20, 2021, 10:04:59 AM
 #7

This has nothing to do with your Fanta example. Musk is playing all of us right now and I refuse to be a part of a bad joke.

It has a lot to do...
First, do you consider yourself a toy of Musk? Good! I don't!
He is just trolling around, if guys are falling for his trolling and are selling bitcoins it means that the faith they've put in the coins is less than previously assumed, why should a coin whose value is based on trust not fall when people don't trust it anymore? It's a normal thing and you have to make your own choices, remember, this was all about freedom, not imposing others to bow down to it daily, what to say about it and how much to pay for! And if Elon alone is able to render BTC useless then we certainly have a problem, this thing was supposed to resist all-out government censorship and it's getting killed by tweets?

And one more thing...

If it's created by the government it can't be as open source as you may think or they want you to believe.

Again, how can an open source thing not be open source when it's created by the government? Care to explain?



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May 20, 2021, 10:14:05 AM
 #8

...we don't know who Satoshi really is. Does it matter? Yes it does. It makes a big difference.

For me, it will never matter who he is, the only thing that matters is what he has done for the world, without seeking any privileges or merits for his achievements - this is a very rare trait in people today.

Because if Satoshi is Elon Musk or the government then we are all being fooled and BTC may not be what we're hoping for. I'd be extremely disappointed myself and I'd probably sell everything the next minute.

Don't make me laugh, EM and the person behind the pseudonym Satoshi Nakamoto are completely different personalities, and even if some government is behind the whole project - it was completely out of their control a long time ago. In addition, what Snowden revealed in his documents is that the three letters agency were seriously working to bring BTC under control back in 2012 - which tells us enough that they are not behind the project, or that they have lost control of it, irrevocably.

I am a huge BTC supporter but sometimes the thoughts above scare me. Maybe we're living an experiment.

Life is one big experiment, and also life is too short to live in fear of some imaginary things - if you want to be afraid of something imagine that this whole world is one big experiment of some much more advanced civilization - than the problem of Bitcoin really seems insignificant as one grain of sand on the seashore.

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May 20, 2021, 10:17:32 AM
 #9

I guess you are right, Elon Musk has a huge ego, if he would have invented Bitcoin he would be yelling on the streets now, he does the opposite and behaves like a BTC hater instead.

Also the banks don't love BTC too much so probably the government is out of the equation as well...

It doesn't hurt thinking about these matters though, just saying Smiley

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May 20, 2021, 10:30:57 AM
 #10

Maybe we're living an experiment.

Maybe this is an experiment but you are overthinking it. If you look carefully you will understand that Satoshi was a person that studied the cypherpunks, could have been one of them, or many of them too. You may not know this, but the cypherpunks, were considered at a very high position all over the world. Economists knew about them, (the smart contracts by Wei Dai, and everything they were creating) and were observing. Now, Bitcoin happened anonymously, and Satoshi is currently an idea.

When I started looking years ago, I first knew the word Bitcoin and Satoshi came after that. We don't have to keep looking as it has been so long Satoshi left that it doesn't matter any more. What matters is if there will be any kind of control on Bitcoin by governments or banks right now. Because then it will be Bitcoin losing all its value.
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May 20, 2021, 10:39:01 AM
 #11

Satoshi could've literally been Hitler, Stalin, or even Satan himself and it still wouldn't matter because Bitcoin is already decentralized. But of course, not knowing who the creator actually is, is far more beneficial.

No offense, but like you should literally know this by now, being here since 2013.

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May 20, 2021, 10:44:25 AM
 #12

Why does it matter so much to people to know who Satoshi is? Apart from his 1M+ coins sitting idly on his addresses that was never touched for more than 11 years, there's really not that much room for him on the space. He himself despises centralized authoritarian figures, and he is being viewed as one by most people currently albeit being absent for a long time now. In terms of development of the code, we have a number of capable and extremely skilled developers continuing to better the small (and large) details that was missed before, and still bring quality-of-life updates from time to time. All in all, bitcoin is doing good without Satoshi, and perhaps was the plan all along.

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May 20, 2021, 10:48:01 AM
 #13

In my opinion, Satoshi left this project to protect it, not to experiment with the society, if we assume that they're the government. There's nothing wrong I see about this. You see, sometimes it's not enough to characterize a network “fully decentralized” if the creator is known by everyone. The creator will sooner or later affect the market whether he wants it or not, especially if he holds an important amount of coins.

How Elon Musk can be Satoshi he doesn't even look Japanese?
Why should Satoshi be Japanese?

they can use Satoshi to manipulate the market or kidnap to force him to give all of his BTC holdings including the private key of burn BTC address like this one 1CounterpartyXXXXXXXXXXXXXXXUWLpVr or this 1111111111111111111114olvt2
You said it yourself. Burn addresses. No one holds their keys.

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May 20, 2021, 10:50:32 AM
 #14

Because if Satoshi is Elon Musk or the government then we are all being fooled and BTC may not be what we're hoping for. I'd be extremely disappointed myself and I'd probably sell everything the next minute.

It's actually the opposite, it doesn't truly matter if Bitcoin created by government, or by some group of people with hidden motives or by some mad genius, Bitcoin is open source, it has been studied by thousands of people who are some of the best in their fields, and no one found any backdoors in it, so why worry about motivations behind the creation of Bitcoin?

It doesn't matter to you. But it matters to me. If it's created by the government it can't be as open source as you may think or they want you to believe.

From the beginning of my crypto life , i am coming hearing that Bitcoin is decentralised i.e. it can’t be controlled by any government. So how come this thought came that BTC might be created by some government with a hidden motive behind it?

Moreover OP, I don’t think Satoshi is Elon Musk, i might not have the strong reasons to prove my point, but yes i am sure that Elon is not Satoshi. I too heard somewhere that the person who developed Bitcoin was somewhere from Japan or China.

So if it’s also a blind hope, but still we need to consider the fact that Satoshi is never musk and try increasing the marketcap of BTC.

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May 20, 2021, 11:27:52 AM
 #15

I also thought about the same thing. But none of the factors support this kind of thinking, and I don't really care about who the satoshi are. Do you think so because of the current market conditions? did not this condition ever happened? we only need to change the strategy in investing in crypto.

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May 20, 2021, 12:23:33 PM
 #16

Knowing him right now will bring no benefit to the market until he says something about it. Of course, he might know something that we don't know right now but until proven, that won't bring any benefit to us right now. Just find some way that will benefit you in the current market situation that would be a good idea than looking for someone whom we don't even know if he is still alive or not. The current situation of the crypto market is not new to us. if you already have experienced how it works for the past years, you won't really care when the price looks like that cause you know by looking at its past history that it would recover again.

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May 20, 2021, 02:12:22 PM
 #17

Everybody at one point this thought would have crossed our mind but I wouldn't say we were fooled because of the investment opportunities that this has given with the profit associated. Do you know the number of people who have made money from investing in Bitcoin in which we do not know who satoshi is, I won't call it a flaw.

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May 20, 2021, 02:15:27 PM
 #18

I'd be extremely disappointed myself and I'd probably sell everything the next minute.

Please don't wait a minute and sell everything now quickly, because you don't look like huge BTC supporter as you say you are.

You created so many topics about EM troll in last few days that you are probably obsessed with him, and I am reporting them for being off-topic and not related to Bitcoin section.

Not knowing who Satoshi Nakamoto is actually a big advantage for Bitcoin because there is nobody to arrest and blackmail.

Natsuu
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May 20, 2021, 02:28:47 PM
 #19

I'd be extremely disappointed myself and I'd probably sell everything the next minute.

Please don't wait a minute and sell everything now quickly, because you don't look like huge BTC supporter as you say you are.

You created so many topics about EM troll in last few days that you are probably obsessed with him, and I am reporting them for being off-topic and not related to Bitcoin section.

Not knowing who Satoshi Nakamoto is actually a big advantage for Bitcoin because there is nobody to arrest and blackmail.

Indeed, I also noticed that he maybe making his own hate club in this forum. All of his post is only hate towards EM, making conspiracies and many more without any substance, or evidences that will make his claim a little bit reliable.

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May 20, 2021, 02:50:51 PM
 #20

I'd be extremely disappointed myself and I'd probably sell everything the next minute.

Please don't wait a minute and sell everything now quickly, because you don't look like huge BTC supporter as you say you are.

You created so many topics about EM troll in last few days that you are probably obsessed with him, and I am reporting them for being off-topic and not related to Bitcoin section.

Not knowing who Satoshi Nakamoto is actually a big advantage for Bitcoin because there is nobody to arrest and blackmail.

Indeed, I also noticed that he maybe making his own hate club in this forum. All of his post is only hate towards EM, making conspiracies and many more without any substance, or evidences that will make his claim a little bit reliable.

I am just revealing the realities and open people's eyes. If Elon would do noble things I'd open appreciation posts about him. But he is only spreading FUD and poor people are losing money.

As for when to sell my BTC it's not your business so please mind yours. You can do what you want with your crypto, I don't tell you what to do and I don't care also.

As for unrelated posts to BTC, they are related to BTC because EM posted about BTC a lot in the last days.

There is a saying: you reap what you sow and it's true for EM as well. Peace to you both.

1 BTC = 1 BTC
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