If you knew the founder of Bitcoin, would you still use it?

[Synchronice]

Honestly, I am very obsessed with this question. We don't know who is behind the bitcoin, at the moment Satoshi Nakamoto is just a made-up thing in our head. At the moment we think that he is a savior and helps us to gain financial freedom and protect our privacy but let's imagine some bad case scenarios for interesting discussion. At the moment, Satoshi has around 1 million bitcoin.

What if it was created by one of the worst person ever? What if he wants to make us dependent on bitcoin as much as possible and one day he comes, sells all his coins and causes financial catastrophe.
What if it was created by persons like Mark Zuckerberg, Bill Gates, Jeff Bezos, etc. These are the people who don't respect their customers' privacy.

What if there is one specific, concrete country behind the scenes? Bitcoin is a mixture of the cyber and financial worlds, this is the greatest power stack to own.

The inspiration for me to create this thread was this video.
P.S. I don't agree with Dan Pena, I would even say that if he knew who was behind the bitcoin, as he says, he couldn't sleep at night or could sleep forever.

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[GeorgeJohn]

To be honest with you op, the founder of bitcoin do have anything to do with my investment, yes i may know him very well as a friend or brother, and it's initiative is world choice that helps to solve problem, definitely i will ensure that it's idea will never go in vain, i ensure invest to attract other people to follow my step.

But only process or place i can't embrace it, is when i found out that the purpose of creating bitcoin is not for universal purpose, or it's created or developed to handcap or ridicules some people hard earn money..i will step outside and create a means to eradicate it objectives of extortion of fund's from people.

[jackg]

If bitcoin's founder comes forward, they'd probably have to have sold their crypto or have found a way to actually hide it well. If satoshi came forward and still had all their keys - they'll probably not be able to keep them that safe for long.

5% of bitcoin ownership probably isn't enough to do too much damage over a lint term imo but it might make people too worried and would encourage them to sell their funds anyway.

If they did try to dump their whole funds, 5% might be enough to either get a greedy country that wants the funds arrest them or get a country that wants them for market manipulation to arrest them (there'd also be no reason not to dca out of their position if they wanted to sell as they'll get more for it and actually keep bitcoin alive and stable).

[Synchronice]

5% of bitcoin ownership probably isn't enough to do too much damage over a lint term imo but it might make people too worried and would encourage them to sell their funds anyway.

It probably isn't enough from random whales but you know, the name Satoshi Nakamoto is a gamechanger in this scenario.

[BIT-BENDER]

Regardless of who founded BItcoin, although this might be a group I believe that is we would still use it, let take for instant, right now we are made to believe that the founder and originator of bitcoin is an unknown man names which are satoshi nakamoto, although many of us don’t even know who this satoshi nakamoto is we have already believed in what he has created and it has really proven to be more than amazing, I believe if this originator which we were meant to believe wasn’t true then we would still be using Bitcoin

[Marvelman]

Bitcoin's software isn't the only thing that draws people to the digital currency. If creator of that software, the mysterious Satoshi Nakamoto, was to come out from the shadows, it would be unlikely that people would stop to use his invention. What makes Bitcoin popular is a whole world of applications that use the technology , such as payment and other applications that help in peer-to-peer communication, and in the e-commerce.

[odolvlobo]

In today's cancel culture, I have no doubt that if satoshi's identity is ever revealed, there will be some form of rejection and boycott, regardless of who she is.

I personally don't think it makes a bit of difference. We don't care who invented the wheel and there are plenty of things invented by despicable people that we use today with hardly any concern.

BTW, the most important info I got out of that video is that Dan Peña is a liar and a misogynist.

[milewilda]

If bitcoin's founder comes forward, they'd probably have to have sold their crypto or have found a way to actually hide it well. If satoshi came forward and still had all their keys - they'll probably not be able to keep them that safe for long.

5% of bitcoin ownership probably isn't enough to do too much damage over a lint term imo but it might make people too worried and would encourage them to sell their funds anyway.

If they did try to dump their whole funds, 5% might be enough to either get a greedy country that wants the funds arrest them or get a country that wants them for market manipulation to arrest them (there'd also be no reason not to dca out of their position if they wanted to sell as they'll get more for it and actually keep bitcoin alive and stable).

Actually situational because the entire community or supporter of Bitcoin itself would really be making out such decision if ever its creator had surfaced out then its neither sell or buy signal but of course it would be depending on what they are seeing if Satoshi whether he do tends to make out some negative vibe or positivity and this is where community would really make out reaction
whether it would be bullish or bearish. We know that Satoshi does hold huge amount of coins but it wont totally be affecting if we do talk about it literally even he intents to sell it all
but what affect most is on the effect on emotional aspect which is really something that strong once the community do share up on the same reaction or doubts.

[TheNineClub]

Honestly, I am very obsessed with this question. We don't know who is behind the bitcoin, at the moment Satoshi Nakamoto is just a made-up thing in our head. At the moment we think that he is a savior and helps us to gain financial freedom and protect our privacy but let's imagine some bad case scenarios for interesting discussion. At the moment, Satoshi has around 1 million bitcoin.

What if it was created by one of the worst person ever? What if he wants to make us dependent on bitcoin as much as possible and one day he comes, sells all his coins and causes financial catastrophe.
What if it was created by persons like Mark Zuckerberg, Bill Gates, Jeff Bezos, etc. These are the people who don't respect their customers' privacy.

What if there is one specific, concrete country behind the scenes? Bitcoin is a mixture of the cyber and financial worlds, this is the greatest power stack to own.

The inspiration for me to create this thread was this video.
P.S. I don't agree with Dan Pena, I would even say that if he knew who was behind the bitcoin, as he says, he couldn't sleep at night or could sleep forever.

Good moral dilemma. I guess that most people would be inclined to rethink their support for the project if the person who's behind it is not inline with their moral views, no mater if the project is good or not. But sometimes we tend to omit to ourselvs things we do not agree on if it makes us justfy our choice. I'll stand here and say it would make me rethink it, but who knows...

[Marvell1]

What if it was created by persons like Mark Zuckerberg, Bill Gates, Jeff Bezos, etc. These are the people who don't respect their customers' privacy.

Bitcoin is decentralized and designed with the top priority of providing user privacy, so you don't need to worry too much because these people will definitely not be the creators of bitcoin. Satoshi has chosen to remain anonymous for over 10 years now and I see no reason for him to reappear.
Whoever he/she is, he will definitely never come back, Satoshi's return I don't know how it will affect bitcoin but if he goes out in public, the first thing is that he will be in danger. So whoever he is they will continue to hide their identity.

[sheenshane]

What if it was created by persons like Mark Zuckerberg, Bill Gates, Jeff Bezos, etc. These are the people who don't respect their customers' privacy.

Bitcoin is decentralized and designed with the top priority of providing user privacy, so you don't need to worry too much because these people will definitely not be the creators of bitcoin. Satoshi has chosen to remain anonymous for over 10 years now and I see no reason for him to reappear.
Whoever he/she is, he will definitely never come back, Satoshi's return I don't know how it will affect bitcoin but if he goes out in public, the first thing is that he will be in danger. So whoever he is they will continue to hide their identity.

I tend to agree with the line that I bolded above.
If real satoshi is alive, he/they will never think of revealing his identity, there are too many reasons why he must remain anonymous, his life becomes in danger, and might the government chase him for the currency that he created, as we know the government always wants regulations.

It's us the users, the ones who created Bitcoin has nothing can do about the Bitcoin price and its adoption.  I think it's a small portion of Bitcoin that satoshi has than the actual holders.  

Maybe let's respect the decision of satoshi to remain hidden and let's accept that he/they will never come back.

[Yogee]

.... What if he wants to make us dependent on bitcoin as much as possible and one day he comes, sells all his coins and causes financial catastrophe.

That's a huge stash that will most likely crash the market but it will be absorbed eventually. I think investors are already at a point where we are not dependent on the creaor but on the creation.

What if it was created by persons like Mark Zuckerberg, Bill Gates, Jeff Bezos, etc. These are the people who don't respect their customers' privacy.

Hehe. You should probably stop whatever you are smoking. Why create Bitcoin if he doesn't respect privacy in the first place?

I ignored other questions since I find them rubbish.

[CaVO32]

.... What if he wants to make us dependent on bitcoin as much as possible and one day he comes, sells all his coins and causes financial catastrophe.

That's a huge stash that will most likely crash the market but it will be absorbed eventually. I think investors are already at a point where we are not dependent on the creaor but on the creation.

What if it was created by persons like Mark Zuckerberg, Bill Gates, Jeff Bezos, etc. These are the people who don't respect their customers' privacy.

Hehe. You should probably stop whatever you are smoking. Why create Bitcoin if he doesn't respect privacy in the first place?

I ignored other questions since I find them rubbish.

The questions are not worth debating because of what has been achieved by bitcoin in this market. If Satoshi has slight inclination of doing what the OP was saying here, Satoshi may have already been showed us a little glimpse of his identity but up until now, it is still a mystery. So do you think, he will sell all his coins and ruin his creation for his own selfish desire? I don't think so. So maybe, we need to leave this topic and better deal on much worthwhile discussions.

[hatshepsut93]

Satoshi created Bitcoin, but he's not the only one who was developing it. Since the release and Satoshi's disappearance, lots and lots of other people were working and are still working on this project. And Bitcoin is an open source project, no one found any malicious backdoors that could be used to suddenly take full control over the protocol or something. So, from a technical point of view, it doesn't matter who Satoshi is.

The worst thing that can happen is a severe reputation damage that wound hinder the prospects of adoption and price growth.

[romero121]

Satoshi created Bitcoin, but he's not the only one who was developing it. Since the release and Satoshi's disappearance, lots and lots of other people were working and are still working on this project. And Bitcoin is an open source project, no one found any malicious backdoors that could be used to suddenly take full control over the protocol or something. So, from a technical point of view, it doesn't matter who Satoshi is.

The worst thing that can happen is a severe reputation damage that wound hinder the prospects of adoption and price growth.

Agreed, and the outcome is the full fledged effort of large number of people. We don't know the true members, but the innovation is a needed one for the ongoing development in the World. We've got more and more innovation in other industries, but in the financial sector there isn't big move. The blockchain technology leading path to the development of bitcoin have filled the void.

[Rruchi man]

What if it was created by persons like Mark Zuckerberg, Bill Gates, Jeff Bezos, etc. These are the people who don't respect their customers' privacy.

Regardless of your opinion about these individuals that you have mentioned OP, I'm pretty sure that it has not completely influenced your opinion on their services and that you still use always or sometimes facebook, Instagram, windows and amazon. IMO, I don't think there is too much relevance to the personality behind an innovation that is ground breaking. If an innovation from an individual proves important, and all the risk involved has been considered, there is no need why his innovation cannot be carried on regardless of his/her personal lifestyle or consideration.

If the founder of bitcoin made himself known, he will constantly be queried and asked questions as regards the fluctuating value of btc, people will hate him when the price slumps and idolise him when it goes up. He may have been invited if not arrested or even assassinated by the government for wanting to create something that eliminates government interference, they will definitely not like him.

[nullama]

The beauty of Bitcoin is that you don't have to trust the people behind it. It works independent of them.

I trust math/cryptography because it works. Bitcoin is based on it, so therefore there's no need to trust whoever invented it.

It's all open source and verifiable, so there's no need to trust the founder.

It's usually the people that know very little of how Bitcoin works that start talking about those trust issues.

[yazher]

Satoshi created Bitcoin, but he's not the only one who was developing it. Since the release and Satoshi's disappearance, lots and lots of other people were working and are still working on this project. And Bitcoin is an open source project, no one found any malicious backdoors that could be used to suddenly take full control over the protocol or something. So, from a technical point of view, it doesn't matter who Satoshi is.

The worst thing that can happen is a severe reputation damage that wound hinder the prospects of adoption and price growth.

This is the right story with no bias whatsoever, as we can see everyone found out that BTC is the right thing to have if you wanted to have full freedom of your money where no one can ever put their hands in it and also you have the full authority on where you will gonna hide it and they won't have any idea that you're holding a huge amount of cryptocurrencies because of this financial revolution. Banks are not good with it since the people will no longer need them and they will lose income due to the fact that there will no longer be people to entrust their money to the banks.

[Jawhead999]

Seems you're failed to understand how Bitcoin work? I suggest you to read and learn the whole Bitcoin whitepaper first [1] It doesn't make sense you're worried Bitcoin's creator will backdoor your privacy, if you've submitted KYC to centralized exchanges, then the CEX is the one who backdoor you.

I don't know what happen if Satoshi comeback to this forum and announce he's still alive + signing message to prove the ownership and sold his coins. Perhaps it will cause a panic since many people though he can control Bitcoin, but it should be affect for short-mid term, not long term.

[1] https://bitcoin.org/bitcoin.pdf

[Fundamentals Of]

It will definitely become a contentious issue but it would matter significantly more as to who or what that Satoshi is. If it turns out that Satoshi Nakamoto is actually Elon Musk, Mark Zuckerberg, Jeff Bezos, the FBI, I might think twice of keeping my Bitcoin for a long time. But if it turns out that Satoshi Nakamoto is actually Dorian Nakamoto, Hal Finney, or the cypherpunks, I guess I wouldn’t be worrying much about my Bitcoin.

But nothing of all of these talks probably matter at all as Satoshi will 99.99% not come out. I mean the real one. As to claimers, there will always be many.