Identifying Satoshi Would Be a BAD Thing

[yazher]

It’s never going to happen, even if he is alive he left little to no trace of his whereabouts. You’re right that it’d be a bad thing for the community as a whole but luckily for us I don’t think it’ll happen.

It would never happen since he already disappear without a trace and all we have right now are false claims with their own scripted stories. This is why I like whoever he/she is, he doesn't like to be credited for his works, and the only thing he wants us to know about him is his code name "Satoshi". Anyway, I kinda want to know who is the real Satoshi but if it bring more harms than good, I'll be fine to know him just by his code name.

[pinggoki]

In a sense, you could be right. Especially if Satoshi is to confirm himself thru verifiable and indisputable evidence. Otherwise, it would just come out as another regular dime-a-dozen Satoshi Nakamoto impersonator. Which I believe will be the case 90% of the time someone will ever confess that they are Satoshi Nakamoto. Since it has already been established ever since the conception of bitcoin that Satoshi has no plans of ever revealing himself in the public. For multiple reasons we presume, but only he knows what it is really for.

[clint25n]

the belief of many people that satoshi nakamoto is an individual who designed bitcoin, to identify sathoshi is not a good thing maybe we don't even know that maybe it's not satoshi or someone disguised as himself maybe there are individuals who created bitcoin for a a team that only benefits themselves

[Chato1977]

the belief of many people that satoshi nakamoto is an individual who designed bitcoin, to identify sathoshi is not a good thing maybe we don't even know that maybe it's not satoshi or someone disguised as himself maybe there are individuals who created bitcoin for a a team that only benefits themselves

to prove that he is Satoshi ? Open the Bitcoin wallet and Sign another signed message showing Him can transfer the amount from one wallet to another then for sure i will believe that it is Him.
Or contact Theymos to Re Open His account here in Bitcointalk.org that has been locked for long years now.
until these things happen , i will still believe that they are BS scammers and pretenders .

[Argoo]

I doubt anyone would be prosecuting Satoshi for creating Bitcoin. Creators of the torrent protocol weren't charged with anything, TOR was funded by the US military, etc. Just because an invention is used by criminals, doesn't mean that the creators have done something wrong.

But I agree that it would be bad, any rumors about Satoshi could be negatively influencing Bitcoin, and every word of satoshi could tremendously move market if they would choose to.

It's not even a matter of whether Satoshi Nakamoto will be persecuted if his real identity is established. In this case, there is a high probability and threat that numerous heirs of Satoshi Nakamoto will appear, who through the courts will demand recognition of their right to bitcoin as an invention. In this regard, various claims against persons using bitcoin are also possible. We have already seen this on the example of Craig, who threatened many similar lawsuits if he succeeded in judicially securing his recognition as the creator of bitcoin.
Therefore, it will be much better if Satoshi Nakamoto remains an unidentified person, as he himself intended.

[AakZaki]

~snip~
And he left with assurance, he already achieved what he wanted to do with bitcoin. Beyond expectations with its blockchain system and with its value today, Im pretty sure he is happy with the outcome.

Your sentence is absolutely correct. What if he did show up. He's going to be in a lot of trouble now. He will get a lot of demands. Regarding regulations and surroundings. Although I'm sure there will be many people who support it. I agree with you maybe not knowing satosi would make things better.

[7788bitcoin]

Governments and financial institutions would now have the identity of the individual that is attacking the very infrastructure upon which they made a fortune.   This is bad news.
While I am not insinuating they would have gone after Satoshi's life, I firmly believe they would have done everything in their massive amount of power to defame, discredit, and slander the founder of Bitcoin.

For a long time even i thought that if Satoshi is identified we will see a massive attack against him from all the media around the world but that is not true, when some of the so called Satoshi came forward we did not see any attack and Vitalik Buterin who is having the second trending coin is not attacked by any media and his platform facilitated billions of dollars worth of scam and no one attacked Vitalik Buterin, so this is just a conspiracy we are creating.

[Woodie]

Finding Satoshi would be a bad thing....I doubt it, he doesn't own bitcoin like some centralized asset so this wouldn't make much sense to whoever would want to use him to manipulate the market.. .

Tbh this Satoshi hunt should be put to bed now because his already pioneered financial freedom with cryptos like bitcoin and we don't need his interference anymore.

[kaggie]

For a long time even i thought that if Satoshi is identified we will see a massive attack against him from all the media around the world but that is not true, when some of the so called Satoshi came forward we did not see any attack and Vitalik Buterin who is having the second trending coin is not attacked by any media and his platform facilitated billions of dollars worth of scam and no one attacked Vitalik Buterin, so this is just a conspiracy we are creating.

Arguably the Satoshis have not been credible, except possibly CWS immediately after the GA signing (but only temporarily).
But more to your point, I don't know that even signing one of the first ten blocks would be proof enough, especially as time goes on due to increased chances of collision.

As a counterpoint though, Greg Maxwell, Cobra, the BCH, and even BSV people are being sued by CSW. Part of it versus Vitalik is that there is possibly a higher perceived chance of wealth transfer from these versus Vitalik. If a provable Satoshi showed up (including very early block signing), then there are increasing chances of litigation for very arbitrary reasons as bitcoin increases in value.

A bit like predicting bitcoin prices, it is impossible to know whether a Satoshi would show up, whether society would ever discover who it was, or accurately predict what would happen if that happened. Evidence is certainly against those from happening with increasing time.

[titular]

I doubt anyone would be prosecuting Satoshi for creating Bitcoin. Creators of the torrent protocol weren't charged with anything, TOR was funded by the US military, etc. Just because an invention is used by criminals, doesn't mean that the creators have done something wrong.

But I agree that it would be bad, any rumors about Satoshi could be negatively influencing Bitcoin, and every word of satoshi could tremendously move market if they would choose to.

I hadn't even considered his ability to move the market. This is interesting.

We think Elon's impact is significant. Imagine Satoshi's.

If he were to pump the price, that would be great. However, that would likely lead it to being overvalued at some point.

[Lanatsa]

Finding Satoshi would be a bad thing....I doubt it, he doesn't own bitcoin like some centralized asset so this wouldn't make much sense to whoever would want to use him to manipulate the market.. .

Tbh this Satoshi hunt should be put to bed now because his already pioneered financial freedom with cryptos like bitcoin and we don't need his interference anymore.

This isn't only talking about manipulating the market because I do only see several reasons on why people do seek of him;

Government - Suing out and make out some possible charges or whatsoever or things that they do have in mind since creating a decentralized thing is totally opposed on what government is aiming for.
Possible events?
1. He might be forced out on manipulating and spreading out FUD towards his invention.
2. He might be killed
3. He would be gaining that popularity but that would be having that security risk.

Its just good that he've decided to hide his trail or shadow into the public which is totally the same on his own creation.

[goldade]

For the past decade or so, there have been people who have practically dedicated their lives to finding the creator of Bitcoin.  

Even over a decade later, there are still folks who are actively seeking to track down this ghost. All with the hope of finally knowing the truth. Who created one of, if not the most important invention of our generation?

Naturally, this would be something everyone would want to happen. We want to give credit where credit is due. We want to put a face to this now mythical pseudonym. Under all of this curiosity, however, lies a rather dubious double-edged sword. Especially when Bitcoin was in its infancy. (Arguably still is.)

Obviously, Satoshi Nakamoto is a pseudonym. Meaning if we were to find this individual, their true name would likely have to surface. While we would ultimately have found Bitcoin's beloved creator and his real name, we would have opened ourselves to a whole new planet of FUD.  Not FUD towards Bitcoin itself, but its creator.

I want to be clear that the impact of finding Satoshi now would be very different than finding him 7+ years ago.

Governments and financial institutions would now have the identity of the individual that is attacking the very infrastructure upon which they made a fortune.   This is bad news.
While I am not insinuating they would have gone after Satoshi's life, I firmly believe they would have done everything in their massive amount of power to defame, discredit, and slander the founder of Bitcoin.

This includes:

    

• Fraud Allegations
• Terrorism Funding Allegations
• Allegations for Funding Criminal Enterprises

         Etc..

They could even make this man look like a pedo by "linking" him to certain organizations and saying that THIS was the sole purpose of Bitcoin. The problem is, they now have a face to attack. We know the media, they can say whatever they want.     With zero accountability.

Accusations like these would not be as effective as they would have been 7+ years ago like I had mentioned. These days, the Bitcoin community is more vast and immeasurably stronger than it was during these early times. Much of this would have been recognized as manipulation by big government and HODLers would remain headstrong. Even still, it would be ignorant to think there would not be some considerable problems in an event such as this.

However, in the earlier days of Bitcoin, FUD at these levels combined with a face to attach to it could have been fatal to our still fragile ecosystem. If Satoshi had chosen not to remain anonymous from the beginning, financial institutions/governments would have stopped the party well before it got out of hand. They could have exercised any of the aforementioned options and given themselves more than enough justification to make Bitcoin highly illegal globally. On a different timeline, something like this would have greatly hindered crypto development.

This is why it was inexpressibly important for Satoshi to remain anonymous. If you ask me, this is why he should stay anonymous.

I am in no way suggesting that people looking for this figure stop looking for this figure. If it is your mission, accomplish it. Just understand there are more serious implications at hand once he/she is identified.

I totally agree with you on the fact that identifying Satoshi would be bad because the reasons you highlighted. I am also of the opinion that instead of spending time and energy trying to find out someone who chooses to remain anonymous, why not spend the time and energy in propagating bitcoin in the mainstream world. I believe that's the only way we can say 'thank you to Satoshi for his great invention.
If he didn't stay anonymous, it would have defeated the idea of bitcoin being decentralised as he would be a centralised authority and would influence the price of bitcoin in ways unimaginable much more than Elon Musk

[dansus021]

Yeah i do agree with you but im still curious about who the heck is Satoshi nakamato is  why he is so genius  and maybe some airdropped bitcoin since people in here says he have a lot of bitcoin

[DapanasFruit]

There are reasons why Satoshi Nakamoto whether he is a single entity or a group - did not make it clear his or their real identity and why he/they left the scene just as Bitcoin was about to start making into the consciousness of many people. Of course, Satoshi must have foreseen the possible problems that he can go through if he will proclaim to the world who he really is. And this is something that we should respect and thank for, in the first place. Still, people who are obsessed on finding out the whereabout of this man will never stop until they can find something that they can broadcast to the whole cryptocurrency community...well we should not stop them as that can be keeping their lives exciting.

[mrongos]

I think it's very easy for everyone to spread lies, it's true as you say if anyone wants to identify sathoshi is a bad thing, actually very difficult to happen, because no one knows about the existence of satoshi, maybe only bitcoin developers know about satoshi, but they must have kept it a secret.. because they think it's not important, the most important thing is that we have to thank satoshi who has given us the path to success in the internet era..

[Hamphser]

I think it's very easy for everyone to spread lies, it's true as you say if anyone wants to identify sathoshi is a bad thing, actually very difficult to happen, because no one knows about the existence of satoshi, maybe only bitcoin developers know about satoshi, but they must have kept it a secret.. because they think it's not important, the most important thing is that we have to thank satoshi who has given us the path to success in the internet era..

We have seen lots of faketoshi in the past trying to pretending that they were satoshi but its not.I do understand on why people do search up for the founder of this revolutionary thing.

Finding his identity would be a bad thing? Lets just respect him as it should be because if he do intent on showing himself into the public then he had already done this in the past.

Lets just respect if he wont really be showing himself anytime soon. He knows on what would happen if he does that.

[dupee419]

Pseudonym indeed, no man would want to give him/her the identity especially about Bitcoin, we can't say that there were no issues or controversies regarding Bitcoin back then, also, anonymity stands in well with Bitcoin that the creator itself is anonymous, and no matter how hard these people who are devoted to this mission will try, they won't get a single clue, and no, there's no reward if you found him/her, let's just leave the mystery be and let Satoshi live in peace, it would definitely be a bad idea for the creator to be discovered, so bad in so many different aspects.