Impact of bitcoin if Satoshi Identity is revealed

[GreatArkansas]

If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump? 
(....)

This is already an aged topic. We all know how many Bitcoins are associated or known that is Satoshi Nakamoto owns like connected to his/her Bitcoin address during the early days of Bitcoin.
For me, if ever there will be transactions on related addresses of Satoshi Nakamoto, I believe there will be an effect on the price in the short term, it could dump I believe but a short time only. Overall, nothing to worries.

[acener]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden. If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

I don't think Satoshi's identity would have an impact on Bitcoin's price at all unless that Satoshi would declare that he/she would sell the Bitcoin that he/she have.
I think the only impact that it would make is if there would be another crypto project that "Satoshi" would make.

[Zilon]

If Satoshi identity is revealed there will be much pressure both on Satoshi as person and the satoshi coin and also there will tempting offers by high profiled individual to make bitcoin centralized or even offer to sell the software or maybe other horrible offers and all this will affect the market value either positively or negatively depending how investors respond to the offer. So the possibility of the price t devaluate is dependent on the investors you and i how we react to outcome of his identity been revealed

[BitcoinMoses]

That's assuming Satoshi is still alive and participate on Bitcoin development/adoption. I fear more Satoshi's background/identity could be used to attack Bitcoin reputation.

it's bound to happen, many will take advantage of it to attack bitcoin's reputation.
just now when the identity of satoshi is still unknown, there is a man who claims to be the original satoshi nakamoto the inventor of bitcoin, but his words are very nonsense and can't prove anything.
satoshi is supposed to be anonymous and keep it a secret, this is the power of bitcoin.

Who is that guy claiming to be the real Satoshi Nakamoto ?  How can you say hius words are nonsense ? He might be using a nonsense terms to really hide his true identity. Are you speaking about Craig Wright ?

Why people in the Bitcoin community have great concern about the impact of revealing the true identity of Satoshi Nakamoto ?  What is his bacground ?  When no body know his true identity why then people worried about Satoshi' background ?  Who is going to actually attack the Bitcoin if the real Satoshi reveal his identity ?

[qwertyup23]

Bitcoin decentralization would receive a great blow if somehow Satoshi come back from nowhere.  He would become something like Bitcoin CEO or ambassor, and decisions would somehow become centralized on him.

That's assuming Satoshi is still alive and participate on Bitcoin development/adoption. I fear more Satoshi's background/identity could be used to attack Bitcoin reputation.

This is definitely true. I also doubt that Satoshi would be able to at least influence the price by providing regulations imposed by him. That goes entirely contradictory on why he created BTC in the first place- which is financial freedom and control.

Assuming that Satoshi's identity is revealed, then I guess nothing big would impact. In fact, I also fear for his life since he may be the subject of all intrigues and searches when he gets revealed. In addition, I guess the price may also somehow affect given that his wallet address, up to this stay, still remains untouched containing thousands of BTCs.

[BitcoinMoses]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden. If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

Hello JohnBitCo,

Your article "Impact of bitcoin if Satoshi Identity is revealed" has cought my attention. I understand your concern. Now, you are only worried about Bitcoin price ! I can give you my forecast what impact can happen on the Bitcoin price and the Bitcoin market ?  If Satoshi Nakamoto need to reveal his itentity he will do it some how. Even after revealing his identity if he need to hide it again he can do that too. If the idenity of Satoshi Nakamoto creat a bad impact and Bitcoin price fall down a bit, say it drop 50% percentage; does it affect the Bitcoin ?  No, it does not. But how about Satoshi get a Nobel SurPrize on economic science ?  I am sure the Nobel Committee will give him a Nobel Prize. If that happen then what impact will take place on Bitcoin Price ? Can you imagine that ?  No, you cannot. Because you are wrried about your own stand. Satoshi Nakamoto supposed not to reveal his identity at all. But who decide if he need to reveal his identity ?  Not few Bitcoin community leaders who want to become Satoshi Nakamoto citing, "we are all Satoshi" . Well you all might have contibuted to bitcoin development but deffinitely you all have not invented the Bitcoin and Blockchain.   No body can become Satoshi Nakamoto. Satoshi Nakamoto is just a pseudonym used by the Bitcoin and Blockchain inventor and founder of this very forum. If he decide to reveal his identity - its up to him and he knows better the impact of Bitcoin if Satoshi Identity is revealed.

Therefore, people can say different things in different dregees but it won't change anthing. Bitcoin supposed to go to the Moon by 2020 but some Bitcoin community leaders and few imposters of Satoshi Nakamoto creating bad impact on Bitcoin. So, lets see what can happen ?

[suzanne5223]

Some years ago when a topic like this was discussed a lot of people believe if Satoshi's identity is revealed the BTC in his wallet may influence the price of the market but with the current stance of the market, I don't think thats an option again. However, the only thing I think will be the problem if it happens his identity is disclosed is a possible attack on him (Satoshi) by Bitcoin haters which could impact the Bitcoin status.

[BITCOIN4X]

Some years ago when a topic like this was discussed a lot of people believe if Satoshi's identity is revealed the BTC in his wallet may influence the price of the market but with the current stance of the market, I don't think thats an option again. However, the only thing I think will be the problem if it happens his identity is disclosed is a possible attack on him (Satoshi) by Bitcoin haters which could impact the Bitcoin status.

The real strength of bitcoin in my opinion is decentralization not due to the anonymity of satoshi identity. If satoshi were a group of people it would most likely be exposed more quickly when they no longer have the same thoughts, but for me satoshi are individuals whose secrecy has been maintained until now.

When Satoshi's identity becomes public, the consequences are enormous for him. We will see his photo on a giant banner by the roadside as the bitcoin price drops and it is an inevitable part of his known identity. Fortunately, until now the satoshi has not been revealed so that there is no opposition to it from various parties (government, individuals).

[bitbollo]

Sell... The news!
Joking aside, when his identity would be revealed there would only be a great deal of speculation and a great interest in knowing aspects of his past Just tgo connect him to a very specific group and give a political interpretation of this invention.

we have all speculated about who he she they might be.

Certainly this is one of the most fascinating mysteries of bitcoin. revealing who is behind it would take away a bit of magic
like as a child when you discover that Santa Claus does not exist!

[doomloop]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden. If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

Satoshi's identity being anonymous has nothing to do on why bitcoin is trusted but bitcoin is trusted because it's the first crypto and till now it is still there. it's also strong because no matter how low its price can go, it can still recover and increase more than its previous price. People get used to this trait of bitcoin, that is why they trusted it.

If ever satoshi pops up one day, it cant affect the price in any way (good or bad) but the price will still depend on the actions of the investors. Bitcoin is bitcoin, no change is going to be made on its system so no changes in its value is going to be felt. We know that what you mean is the real satoshi. We have no time entertaining the fake one.

[coolcoinz]

Of course Bitcoin would be less stable if Satoshi was suddenly revealed and alive. If he was found to be dead for years, that wouldn't be the case, but alive Satoshi would bring some uncertainty to Bitcoin because he could be used by various people and governments to put a label on Bitcoin. It would be enough to put some child porn at his house and boom, you have a cryptocurrency made by a pedophile. You could throw in some drugs and you have money of a junkie made so that other junkies could buy drugs online. It's easy to put an idea in a bad light by shaming the author.

[naira]

Chaos will certainly occur, but there are certain things that will certainly continue to be proven with strong evidence and that is not an easy thing. Truly damning solid evidence that Satoshi was actually real. I'm not sure if this will happen or will it really be a secret until we die. The fact was that until now, whatever class of authority tried to unmask Satoshi, it couldn't be proven accurately and ended up sinking just like that.

[Doan9269]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden.

Please know that this is not applicable to other business, Satoshi maintain this as the sole purpose of his work is on decentralization.

If all of sudden Satoshi come in the public and his identity is revealed,

That is not possible, i can only agree with that if Satoshi has been seen by people without them knowing he is Satoshi

do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

His revelation has nothing to do with bitcoin price but rather for him to be kidnapped or apprehended by the government.
If the real Satoshi should appear now you don't have valid criteria to identify he is the one.

[macson]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden. If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

long before bitcoin was as big as it is today, satoshi had thought about it, he was a living genius.  if he/she reveals his/her identity then he/she will continue to be hunted by the government and even his/her family will be threatened, keeping his/her identity hidden is the best decision Satoshi has made to maintain the price of Bitcoin and also it existence.

[milewilda]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden. If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

No one really knows until it would happen but to know that Satoshis isnt even known after a decade then lets presume that he wont really be having any plans for showing himself on public.
Also we dont even know if he's still alive or long  time dead and this had been always a mystery when it comes to his identity.We do keep on speculating and guessing.
Speaking for the question whether bitcoin pump or dumps then it would be always on communities decision on how they would react if the creator would surfaced out.

[erep]

I'm sure the figure of Satoshi will remain an eternal mystery, he will never reveal his identity to the public and no one can reveal it, speculation about his identity will only end in vain because no information about Satoshi was found until now. Although there are malicious groups dropping bitcoins by spreading a lot of fake news, one of which is the news that always connects Satoshi with every major transaction in the old wallet, logically many people still keep a lot of bitcoin long ago in hardware wallets for long-term portfolio.

[litepool.ru]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden.

Your reasons, not everyone else's, and if you're thinking it's really important to make a big impact, you're wrong. Looking back at it when we find out more about Blockchain technology as well as BTC.

If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation?

Perhaps this person just appeared in your imagination. With the current popularity of this market, the Satoshi identity is always of interest and sought, but we all know they are all fake. And over time, the truth will no longer be of interest, and it will be truly anonymous. The truth of its origin should also be viewed as a creation from God.

[fuguebtc]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden. If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

If he shows up there might be some disturbance, people trust bitcoin because of its decentralization and Satoshi can't control the whole bitcoin so I don't think it can adversely affect it. Bitcoin exists and thrives to this day thanks to the worldwide community of bitcoiners.

We are grateful that Satoshi made bitcoin for us but at this point, bitcoin is no longer private to anyone including Satoshi.

[adzino]

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden. If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump?  Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

People would start seeing him as the "leader" of bitcoin. So if he saying anything about bitcoin, most of the people will follow and support whatever he says. Even if he is wrong, people would support him since he is the creator of bitcoin. Bitcoin would somewhat lose it's decentralization due to people following one person. And yeah, in the short term the price will have some impacts. Satoshi might be able to easily manipulate the market either with his words or with the coins he own.

[bitzizzix]

The price of bitcoin will take a big hit as the mystery of the creator will come to an end, the reason for this person or persons to maintain their bitcoin holdings becomes less important.
and besides that he will be the target of the bad guys, and will also be the target of the press all over the world. Because everyone who is involved or has ever heard of bitcoin wants to know who created it. That is, once found, the press will explore life and all media will focus on it.
and it will all definitely interfere with his life and Satoshi knows what will happen if it is revealed and he wants to live in peace, so he will remain anonymous forever.