Satoshi's faceless identity is the greatest Bitcoin success strategy

[Ojima-ojo]

One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

A close look and observations of both will tell you what their both stand for, their strength and weaknesses e.g
Bitcoin is a highly decentralized digital currency that gives its user total control, this freedom is possible because the Bitcoin network is on an automatic pilot mood. That is to say, no individual owned or control its network, so the room for influence is zero since the Bitcoin creator remain anonymous a long time ago.
Altcoins on the other hand are suffering from the grips of capitalization, over the controlled and highly unsecured method of network protocols, since their creators are known and they have 100% control of the coins, this has made the altcoin market become a dumping ground for bad projects and coin development.
These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

[1714812558]

1714812558

[1714812558]

1714812558

[1714812558]

1714812558

[Poker Player]

Bitcoin is a highly decentralized digital currency that gives its user total control,

I correct you: it was created in a decentralized way but many people use it through centralized institutions such as exchanges or custodial wallets.

Altcoins on the other hand are suffering from the grips of capitalization, over the controlled and highly unsecured method of network protocols, since their creators are known and they have 100% control of the coins, this has made the altcoin market become a dumping ground for bad projects and coin development.

I don't quite see the analogy here.

These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

There is a probability close to 0% that he will be identified, so it is better not to speculate with counterfactuals.

[mk4]

Not only his/her/their face, but the fact that we don't know for sure what Satoshi's political views are and who Satoshi's preferred presidential candidate is and all that. All we know is that Satoshi thinks we needed uncensorable money separate from the state, and that's it.

[pooya87]

I disagree with part of what you said.
It is true that Satoshi not being around and being anonymous has removed that "authority figure" that people may want to look up to to see what his decisions are on everything (like waiting for Satoshi to decide what scaling solution to use instead of thinking for themselves) but that is one of the reasons why bitcoin is fully decentralized.
Similarly the reason why majority of altcoins are very centralized isn't only because their creator is known.

For example one of the key factors is the algorithm used in bitcoin, PoW and the way hashrate is distributed has ensured decentralization while in other altcoins same PoW and lack of incentive to mine that altcoin has centralized the hashing power and the altcoin itself. Or other algorithms such as PoS accompanied by large premines has ensured centralization of such altcoins.
We also have altcoins that are designed to be centralized like CBDCs (eg. Petro), stable coins (eg. USDT), exchange coins (eg. BNB), ... because they can not operate any other way not because their creator is known.

[NotATether]

Bitcoin is a highly decentralized digital currency that gives its user total control,

I correct you: it was created in a decentralized way but many people use it through centralized institutions such as exchanges or custodial wallets.

Still, if used correctly, by never touching exchanges, it can make your transactions completely pseudonymous.

Unfortunately most people are here because they want to make a quick buck, hence why all privacy and safety practices are thrown to the side ("Why should I wear a seat belt, there is hardly any traffic on this road.").

The Great Car Crash a few weeks ago demonstrates what happens when you leave your money on centralized platforms.

[bluebit25]

(...)

I don't want to talk about an issue that someone personally feels likes and dislikes the rest, to give one-sided perspectives. Personally, I feel it's not a big deal when the beginning and the process always need to see the kernel separate and intertwined. BTC has been very successful and has its own problems, as do altcoins, but I believe that with a change in the economic perception of technology and many other related factors, everything will look more positive.

[davis196]

These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

That's an interesting theory, but I have to disagree.
Bitcoin is the number 1 cryptocurrency, because it's the most secure cryptocurrency, not because Satoshi Nakamoto is anonymous.
Imagine if the Bitcoin blockchain had flaws and the problems like double spending weren't solved? Would the BTC blockchain be the most popular blockchain, even if Satoshi remained anonymous? I don't think so. Bitcoin Core has it's team of developers and we have to give them credit. The success of Bitcoin isn't Satoshi's achievement. He is the creator ,but Bitcoin has a community of users, developers and miners.
I don't agree with your views about altcoins. You are generalizing too much. Not all altcoins are centralized shitcoins. Most of them are, but a small amount of altcoins actually have some qualities.

[PX-Z]

You sound like bitcoin and altcoin are too opposite thing, like good and bad. And altcoins are bad and not decentralized because the owners are known while bitcoin isnt.

That's not how decentralization and security of the network determined.

[KennyR]

Satoshi is good with his innovation and never wanted his identity to be revealed. Following his innovation more other people learnt the base and innovated the altcoins as a means to serve as an alternative to the crypto king bitcoin.

Hidden identity makes bitcoin above the altcoins, and for the same reason we can't say altcoins doesn't have anything good. There is pure manipulation, and centralized functioning with altcoins. Same time those too have real-time usage which keeps them on the top of the market.

[TheNineClub]

I don't like this altcoins=shitcoins narative. Therebare shitcoins among them, but altcoins that are legit serve a diferent purpose than BTC and offer something that BTC can't or won't provide. I don't get where this cultish behaviour towards BTC is coming from, but it's more hurting the perception of crypto than it's helping it

[franky1]

bitcoin does not change or still exist because the inventor is not around and is secret
bitcoin has bug fixes and changes through current developers....... and.. guess what.. they are known

wheels on cars dont still turn because the first guy that invented the wheel died. wheels turn because current engineers make wheels for current cars

whether satoshi comes out now and announces him self changes nothing.
the current devs have the control. they make the merges, they make the commits, they decide what does into a release candidate, they offer the updates.

bitcoin is about current devs.

pretending they dont have control and some how satoshi does but chooses not to use it by staying away is the wrong way of describe facts about bitcoin.

satoshi passed his control to other devs, and now its their turn.

there has been many changes in bitcoin in the last 10 years which you can easily affiliate to only a couple of devs.
(segwit=sipa.. wallet stuff=achowe.. mempool stuff in near future=glozow)
 and yep they have names and real world identities which people know. and yes they got paid alot of corporate money for their code changes. (blockstream, chaincode, brink  (chaincode&brink&blockstream majority funded by DCG))

so dont be so utopian about pretending bitcoin is around because inventor has the power but chooses not to use it, while ignoring that current devs do have power and we simply hope they dont abuse it, or pretend current devs are not influenced.

be risk AWARE.. that way we get to keep devs on their toes by knowing we are watching them and reviewing them

if we pretend they dont have power thus ignoring them, allows them silly freedoms to change what they like and think we wont notice, care, put up a fight should they abuse it

[Jawhead999]

Faceless identity is similar like how pseudonymous it is, Satoshi is also unknown whether it's a single person or group and no one will know it.

I don't like this altcoins=shitcoins narative. Therebare shitcoins among them, but altcoins that are legit serve a diferent purpose than BTC and offer something that BTC can't or won't provide. I don't get where this cultish behaviour towards BTC is coming from, but it's more hurting the perception of crypto than it's helping it

Alright, then you can mention what's the altcoins you think that's good coin and explain to me why you can think it's a good coin aside from Monero and DAI. Monero is a privacy coin and completely anonymous, while DAI is decentralized stablecoin and can't be frozen except you hold on centralized exchanges. I will wait your answer

[lionheart78]

One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

Why do I feel that there is a lot of misinformation here?  This is very offensive to lots of good altcoin out there.

if Satoshi is identified today I think Bitcoin will start losing its position as number one.

I disagree, Bitcoin become the top 1 among crypto because it is the first decentralized cryptocurrency.  It is the first one to get established and used as a reference for the incoming cryptocurrency.  It is also the first trading pair of any early cryptocurrency.  It is the top one because it is the most used and trusted.  It isn't because Satoshi is anonymous but because of the continuous development of BTC.  Just like davis196 stated, it is because of the hard effort of the Bitcoin developers, community, and miners that keeps Bitcoin on top.  Satoshi became the anonymous figurehead of Bitcoin a long time ago but he isn't the main reason why BTC is top 1.

[Henrobakkara]

One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

From your two points above and your last statement down there, so you are invariably saying that "IF" Satoshi was to be Identified, Bitcoin will lose its value meaning it isn't the decentralization of its ecosystem as a coin that makes it strong but the UnIdentity of Satoshi?
If Bitcoin is decentralized which it is and not controlled by any one person and that has contributed to what has made it what it is today, so would satoshis Identity make it centralized?

[buwaytress]

Not sure I'd use the word lawlessness to describe Satoshi, and also not sure we're really all of us all about the things you mentioned. In particular when remembering some of satoshi's final comments before parting, re wikileaks kicking the hornet's nest and actually asking them NOT to use Bitcoin.

Of course, the context was that Bitcoin was in its infancy, but still, if the faceless identity was the greatest success story, then all of that also needs context.

[yazher]

They cannot mimic whatever innovations they have in their minds when it comes to bitcoins because their idea of decentralization always ended up with centralization which is really bad for the investors whenever some anomaly happened with their devs and the altcoins creator itself. Bitcoins haven't had these features and you all have all the means of control because there's no entity that can control it or automatically lock it from withdrawing which is the best thing you could ever have for a cryptocurrency.

[Husires]

These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

Your words are contradictory. If it was decentralized, the appearance or disappearance of CEO  would ( Bitcoin is not a company) affect it, and therefore the appearance or disappearance of Satoshi would not affect the decentralization of Bitcoin, and if it was central, then what you started with is considered wrong.

[tranthidung]

Some lessons from Satoshi Nakamoto aka satoshi in Bitcointalk forum are

• If you leak your identity on Internet, you lose it forever.
• Satoshi Nakamoto did aware importance of privacy and cared of it at beginning
• Satoshi's lesson. That topic is very inspirational. You should read it.

[teosanru]

One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

A close look and observations of both will tell you what their both stand for, their strength and weaknesses e.g
Bitcoin is a highly decentralized digital currency that gives its user total control, this freedom is possible because the Bitcoin network is on an automatic pilot mood. That is to say, no individual owned or control its network, so the room for influence is zero since the Bitcoin creator remain anonymous a long time ago.
Altcoins on the other hand are suffering from the grips of capitalization, over the controlled and highly unsecured method of network protocols, since their creators are known and they have 100% control of the coins, this has made the altcoin market become a dumping ground for bad projects and coin development.
These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

I really bet to disagree with your point. Bitcoin too can be called centralized in this context. Satoshi Nakamoto holds 1 Million bitcoins, which is roughly 5% of the total supply of bitcoins as it is 21 Million. This actually is too much and enough to actually call this coin centralized as well. Infact some other cryptocurrencies have even less promoter holding than this. But yes the only advantage here is that one the creator is anonymous and secondly it has not moved even a single penny from what the holds so far which indicates bitcoin is quite safe to hold and obviously much better than the rest.

[Doan9269]

2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

To cal it all, this is where all forms of fraudulent and fake projects landed at, they make use of altcoin in cryptocurrency as their shield to perpetrate scams and illicit activities, just few altcoins have the conscience of remaining their main purpose and maintaining it, the fake projects troop in this category and promise what is unrealistic but because of what people want out of their inpatient they fall into their trap without realizing any of the said promises.

[ChrisPop]

There is no doubt that that keeping the identity of Bitcoin anonymous has been a very smart strategy. But even if the real identity of Satoshi would be discovered that doesn't change Bitcoin's design, features and of course its +13 years of history.

God only knows how would the history of this cryptocurrency have flown if politicians and bad intentioned actors have had someone to "blame" for the success.

[Jemzx00]

Not only his/her/their face, but the fact that we don't know for sure what Satoshi's political views are and who Satoshi's preferred presidential candidate is and all that. All we know is that Satoshi thinks we needed uncensorable money separate from the state, and that's it.

We don't even know if Satoshi is even a person or a group of individuals or even an institution. In totality, we have little to none information as who Satoshi is. A lot of speculation and theories has arise on who Satoshi is yet none of them has been proven. This is also a good thing as we don't know what his view any topic other than what he created which is Bitcoin that has a decentralized which we has full control over.

[amishmanish]

Had satoshi had his identity revealed, FBI,CIA ,KGB would have by now imprisoned him on one charge or another. Bitcoin is a direct challenge to fiat currency and monopoly of governments and international financial system. Thus I agree. Faceless identity of satoshi has kept bitcoin safe.

[franky1]

Had satoshi had his identity revealed, FBI,CIA ,KGB would have by now imprisoned him on one charge or another. Bitcoin is a direct challenge to fiat currency and monopoly of governments and international financial system. Thus I agree. Faceless identity of satoshi has kept bitcoin safe.

put the tin foil away

first. crypto never has or was banned to a point of arresting any inventor.. otherwise
litecoin inventor Charlie Lee would be in prison
ethereum Vitalik Buterin would be in prison

if he announces himself now he wont be locked up.. why
litecoin inventor Charlie Lee would be in prison
ethereum Vitalik Buterin would be in prison
Wladimir van der Laan would be in prison
gavin andresen would be in prison
whomever is going to take over from wlad would go to prison

there is no back door that satoshi could have revealed that could have been abused.. bitcoin would have been safe either way

locking up the inventor would not have solved anything or changed anything. so put the tin foil hat away
satoshi left because too many people were asking satoshi "can you add this, should i do this" as if he was the decision maker. so he left because he was getting too much thought from others that he was the center.. not because he was the center.

[CryptSafe]

One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

A close look and observations of both will tell you what their both stand for, their strength and weaknesses e.g
Bitcoin is a highly decentralized digital currency that gives its user total control, this freedom is possible because the Bitcoin network is on an automatic pilot mood. That is to say, no individual owned or control its network, so the room for influence is zero since the Bitcoin creator remain anonymous a long time ago.
Altcoins on the other hand are suffering from the grips of capitalization, over the controlled and highly unsecured method of network protocols, since their creators are known and they have 100% control of the coins, this has made the altcoin market become a dumping ground for bad projects and coin development.
These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

Satoshi being faceless gave blockchain and Bitcoin precisely a great time explosion ie growth with global recognition. Let's assume he owned up by showing himself do you think he can be able to withstand the heat? Only God knows what would have happened to him by now maybe he might just be in jail cooling his feet with government charges against him. It was a nice move he took by not unveiling his identity and funny enough he was that smarter to have been able to manage his  ip till he suuceeded the Bitcoin show. I believe he is somewhere now seeing the good works of his hands. He's a legend and the greatest technologist of all time. I give that to him.

[Ojima-ojo]

I really bet to disagree with your point. Bitcoin too can be called centralized in this context. Satoshi Nakamoto holds 1 Million bitcoins, which is roughly 5% of the total supply of bitcoins as it is 21 Million. This actually is too much and enough to actually call this coin centralized as well. Infact some other cryptocurrencies have even less promoter holding than this. But yes the only advantage here is that one the creator is anonymous and secondly it has not moved even a single penny from what the holds so far which indicates bitcoin is quite safe to hold and obviously much better than the rest.

Satoshi Nakamoto Bitcoin holding is actually more than 1 million as you mentioned, and no bits have been used since the bitcoin was locked in Satoshi's wallets. But no one knows if Satoshi still has access to the wallet holding the coins.

[2stout]

Not only the greatest Bitcoin success strategy but also the greatest case of mystery, hidden ID, which is almost impossible to conceal in the internet era, not even counting the fact that this person or entity is literally worth billions in fiat.

[The Cryptovator]

Well explained OP. That's a good explanation to convince newbies to take entry into the Bitcoin community. I always said, the only true decentralized cryptocurrency is Bitcoin. Other all altcoins are somehow not truly decentralized although the codes are decentralized. Due to the team images, they could influence or destroy at any time. We have seen recent terra collapse. Here is Bitcoin's stand with true Decentralization.

[RILWAN]

To be honest with you I don't visit the altcoin section any things as that section is full of a lot of spam and fake projects, I classify altcoin into worthless assets so I don't pay attention to them at all. Bitcoin has offered us the total freedom we desire.

[South Park]

Not only the greatest Bitcoin success strategy but also the greatest case of mystery, hidden ID, which is almost impossible to conceal in the internet era, not even counting the fact that this person or entity is literally worth billions in fiat.

I really think this is going to be one of the greatest mysteries which are never going to be resolved, it is quite understandable that the people that developed technology thousands of years ago may have been forgotten by history as we have so little records about that time, but it is incredible that a technology that is going to change the way the world works was somehow created by a person that elected to remain anonymous in this era, and the more time passes in which we do not know about identity of satoshi the greater the mystery and the desire to know who he was.

[edgycorner]

Just like how Daft Punk wouldn't show their face.

"We’re not performers, we’re not models – it would not be enjoyable for humanity to see our features,”
- one of the guy with helmet on

I like to believe that the idea of Satoshi is based on a similar principle.

For daft punk, it's about maintaining their creative freedom.
For Satoshi, it's about keeping Bitcoin without "one general" and thus making it truly free from any form of centralization.

[romero121]

As mentioned in by an user, even the known identities of the altcoin inventors of Litecoin, ethereum weren't arrested or kept under control. So, the same could've happened with Bitcoin inventor. However we can't have the same thoughts for Satoshi same as Vitalik or other inventors. The World have changed out of the innovation, so surely governments will find ways to keep him under control. Upon this, the faceless identity is a big thing with bitcoin growth.

[pooya87]

Satoshi Nakamoto Bitcoin holding is actually more than 1 million as you mentioned, and no bits have been used since the bitcoin was locked in Satoshi's wallets. But no one knows if Satoshi still has access to the wallet holding the coins.

You don't know how much bitcoin Satoshi really owns, you are just repeating a very weak guess made by someone many years ago. As a matter of fact a lot of coins from early days have already been moved not to mention all those early miners who came together to sign a message calling out the known scammer Craig.

[bestcoins1]

To be honest with you I don't visit the altcoin section any things as that section is full of a lot of spam and fake projects, I classify altcoin into worthless assets so I don't pay attention to them at all. Bitcoin has offered us the total freedom we desire.

It sounds really great when you ignore altcoins just for Bitcoin because it has been proven that Bitcoin is always better than any altcoin at this time and can also provide total freedom as many people want. And if I may know what are the things you do to earn Bitcoins apart from participating in the 1xBit.com campaign ? Because everyone on this forum says the campaign is not good to promote.

[RILWAN]

Bitcoin decentralization and its strength majorly draw from the absence of satoshi's involvement in the Bitcoin network, and the fact that Bitcoin is highly Anonymous and privacy cautious. So I partially agree with you on the advantage of Satoshi's faceless identity.

[Leviathan.007]

Regarding the real identity of satoshi, there are not many things to say about it, but as you already said, one good point of bitcoin is about its founder of it. Since satoshi is still unknown and we still cannot even make sure if he is only one person or a group of people, this will help the decentralization of bitcoin because it's not related to any company, organization, or any person at least not so far. But on the other hand, since the founders of altcoins will usually reveal their names to become popular among people they do not have one basic factor of the decentralization while they claim to be decentralization.

[CryptoHeadlineNews]

That is to say, no individual owned or control its network, so the room for influence is zero since the Bitcoin creator remain anonymous a long time ago.

But however, there are still certain factors which affect the price of Bitcoin, of which you and I know very well, which includes the increase or decrease in demand, government policies and global economic crisis, just in the recent case of Russia body Ukraine, where almost all section with connection to the Russian government was shut down, of which am sure is the primary case of this Bitcoin recent crash.

[franky1]

the real success is not that he went away..

the real success is that he has transactions that exist in the blockchain that are 13 years old+
where:
a. no one has been able to associate them to a real name
b. bitcoin still runs 24/7 for over a decade+ so far without him, because thats what its suppose to do
c. no one can/has/will ever 'undo' his transactions
d. no one has proven the 'address re-use' risk FUD of actually stealing coins, else after 12 years of trying they would stole the coins from the addresses he did spend from, which still have value left since 2009 untouched

thats the real success story

[fiulpro]

Can we truly peg Bitcoins as a Decentralized heaven?

We are now seeing a bit of centralization all because of the whales and the government who are trying to somehow manipulate the market while making sure that they are able to gain profits from it.

I do think that Mr. Satoshi just like the artists Sia and Marshmallow did not only create anonymity through their hidden identity but also generated tons of interest as well. I do think that it's impossible to know what the government will do with him once they do catch him, they might try and find out if he was actually using this for some other purposes like collecting data etc. One cannot guarantee his security as well.

[Doan9269]

As mentioned in by an user, even the known identities of the altcoin inventors of Litecoin, ethereum weren't arrested or kept under control. So, the same could've happened with Bitcoin inventor. However we can't have the same thoughts for Satoshi same as Vitalik or other inventors. The World have changed out of the innovation, so surely governments will find ways to keep him under control. Upon this, the faceless identity is a big thing with bitcoin growth.

You know that Satoshi has been a name that covered any other inventors since he was the one to first launch the cryptocurrency coin which is bitcoin before others follows, they believe that Satoshi been a house hold name has the influence and control to effect on any other cryptocurrencies, let consider the effect of bitcoin price, bitcoin fall will effect a double fall on other cryptocurrencies at least, if you want to pull down a strong hold, then start from the ring leader first, that's one of the reasons all eyes on Satoshi and bitcoin and not much on altcoins.

[Wiwo]

Bitcoin's decentralized nature has made it possible for Bitcoin users to maintain high privacy, but even at that there have been a lot of speculations around Satoshi's identity but again none of his social media or other communication channels have been active since his exit from the science some years ago.

[teosanru]

I really bet to disagree with your point. Bitcoin too can be called centralized in this context. Satoshi Nakamoto holds 1 Million bitcoins, which is roughly 5% of the total supply of bitcoins as it is 21 Million. This actually is too much and enough to actually call this coin centralized as well. Infact some other cryptocurrencies have even less promoter holding than this. But yes the only advantage here is that one the creator is anonymous and secondly it has not moved even a single penny from what the holds so far which indicates bitcoin is quite safe to hold and obviously much better than the rest.

Satoshi Nakamoto Bitcoin holding is actually more than 1 million as you mentioned, and no bits have been used since the bitcoin was locked in Satoshi's wallets. But no one knows if Satoshi still has access to the wallet holding the coins.

I think this is pretty stupid to think that because he hasn't moved a single bitcoin from his address he might have lost the private key. There are huge chances he has some other wallet as well which we people aren't aware of and is enough for him to do his daily transactions and he is just keeping his bitcoin locked for the right time moreover he knows even a slightest of movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.

[Vaskiy]

I really bet to disagree with your point. Bitcoin too can be called centralized in this context. Satoshi Nakamoto holds 1 Million bitcoins, which is roughly 5% of the total supply of bitcoins as it is 21 Million. This actually is too much and enough to actually call this coin centralized as well. Infact some other cryptocurrencies have even less promoter holding than this. But yes the only advantage here is that one the creator is anonymous and secondly it has not moved even a single penny from what the holds so far which indicates bitcoin is quite safe to hold and obviously much better than the rest.

Satoshi Nakamoto Bitcoin holding is actually more than 1 million as you mentioned, and no bits have been used since the bitcoin was locked in Satoshi's wallets. But no one knows if Satoshi still has access to the wallet holding the coins.

I think this is pretty stupid to think that because he hasn't moved a single bitcoin from his address he might have lost the private key. There are huge chances he has some other wallet as well which we people aren't aware of and is enough for him to do his daily transactions and he is just keeping his bitcoin locked for the right time moreover he knows even a slightest of movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.

Years have passed and no transaction is made from that specific wallet. This increases the trust over the network, because a transaction made from the particular wallet will surely make disturbance in the market. In specific the network might loss it's feature of functioning without lying on someone's decision.

[Fatunad]

I really bet to disagree with your point. Bitcoin too can be called centralized in this context. Satoshi Nakamoto holds 1 Million bitcoins, which is roughly 5% of the total supply of bitcoins as it is 21 Million. This actually is too much and enough to actually call this coin centralized as well. Infact some other cryptocurrencies have even less promoter holding than this. But yes the only advantage here is that one the creator is anonymous and secondly it has not moved even a single penny from what the holds so far which indicates bitcoin is quite safe to hold and obviously much better than the rest.

Satoshi Nakamoto Bitcoin holding is actually more than 1 million as you mentioned, and no bits have been used since the bitcoin was locked in Satoshi's wallets. But no one knows if Satoshi still has access to the wallet holding the coins.

I think this is pretty stupid to think that because he hasn't moved a single bitcoin from his address he might have lost the private key. There are huge chances he has some other wallet as well which we people aren't aware of and is enough for him to do his daily transactions and he is just keeping his bitcoin locked for the right time moreover he knows even a slightest of movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.

Years have passed and no transaction is made from that specific wallet. This increases the trust over the network, because a transaction made from the particular wallet will surely make disturbance in the market. In specific the network might loss it's feature of functioning without lying on someone's decision.

Moving funds into those known satoshi wallet or any of them would really be signifying that Satoshi is still alive and i dont see for it to be a negative thing but rather a positive one since the entire community do knows
that he's still living and rather give out that kind of boost up and so much trust in bitcoin although there are some cons with it which some people might be thinking that he came back just for him to sell off this bag
which might create some fud and panic on the entire market although we cant be sure but the probabilities are  there and we know on how peoples mind do really play on these particular times.
For now lets just not stress ourselves on finding satoshi because it cant really be known whether his still existing or already dead.

[BitcoinPanther]

Can we truly peg Bitcoins as a Decentralized heaven?

We are now seeing a bit of centralization all because of the whales and the government who are trying to somehow manipulate the market while making sure that they are able to gain profits from it.

IMHO, (I might be wrong)Bitcoin development decision is centralized though since the majority of the influence is coming from a small group of people.  Even though we ought to believe that the consensus of implementing such development is decentralized but the decisions are decided by the one who has the major hashes.

I do think that Mr. Satoshi just like the artists Sia and Marshmallow did not only create anonymity through their hidden identity but also generated tons of interest as well. I do think that it's impossible to know what the government will do with him once they do catch him, they might try and find out if he was actually using this for some other purposes like collecting data etc. One cannot guarantee his security as well.

As franky1 stated, they will do nothing to Satoshi, since the founder of LTC, ETH is still free.

[famososMuertos]

Currently the majority of new users who come to bitcoin are not interested in such a relevant characteristic of bitcoin, sometimes they do not even care about learning who Satoshi Nakamoto is or what he represents in his eventual anonymity for bitcoin.

On the other hand, criticizing other crypto projects for their eventual customization would have nothing to do with the success or failure of those projects.

[kryptqnick]

I agree with the op that it's great that Bitcoin creator remains anonymous. Whoever this person really is, not only would that person have a major effect on Bitcoin development over the years (which is a downside for something that calls for decentralization), I think Bitcoin would also be less popular. That's because no matter who that person is, somebody would be unhappy with this person's views, beliefs, actions etc. If it's a social democrat, conservatives would be very unhappy. If it's a person who committed some serious crimes, supports Russia or is a fan of flat Earth society, it would also put a ton of people off. The less we know and the less influence Satoshi has, the better. It is true decentralization in action.

[fuguebtc]

Currently the majority of new users who come to bitcoin are not interested in such a relevant characteristic of bitcoin, sometimes they do not even care about learning who Satoshi Nakamoto is or what he represents in his eventual anonymity for bitcoin.

On the other hand, criticizing other crypto projects for their eventual customization would have nothing to do with the success or failure of those projects.

What they are interested in right now is profit, how can they make money and become rich thanks to bitcoin. I guess a lot of new entrants in the market these days not only don't care who Satoshi is but never read its white paper, they only care about the price. What price to buy and when to sell to make a profit.

~

As franky1 stated, they will do nothing to Satoshi, since the founder of LTC, ETH is still free.

There's still no guarantee they won't do anything to him, so he'd better remain anonymous forever.

[teosanru]

I really bet to disagree with your point. Bitcoin too can be called centralized in this context. Satoshi Nakamoto holds 1 Million bitcoins, which is roughly 5% of the total supply of bitcoins as it is 21 Million. This actually is too much and enough to actually call this coin centralized as well. Infact some other cryptocurrencies have even less promoter holding than this. But yes the only advantage here is that one the creator is anonymous and secondly it has not moved even a single penny from what the holds so far which indicates bitcoin is quite safe to hold and obviously much better than the rest.

Satoshi Nakamoto Bitcoin holding is actually more than 1 million as you mentioned, and no bits have been used since the bitcoin was locked in Satoshi's wallets. But no one knows if Satoshi still has access to the wallet holding the coins.

I think this is pretty stupid to think that because he hasn't moved a single bitcoin from his address he might have lost the private key. There are huge chances he has some other wallet as well which we people aren't aware of and is enough for him to do his daily transactions and he is just keeping his bitcoin locked for the right time moreover he knows even a slightest of movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.

Years have passed and no transaction is made from that specific wallet. This increases the trust over the network, because a transaction made from the particular wallet will surely make disturbance in the market. In specific the network might loss it's feature of functioning without lying on someone's decision.

Moving funds into those known satoshi wallet or any of them would really be signifying that Satoshi is still alive and i dont see for it to be a negative thing but rather a positive one since the entire community do knows
that he's still living and rather give out that kind of boost up and so much trust in bitcoin although there are some cons with it which some people might be thinking that he came back just for him to sell off this bag
which might create some fud and panic on the entire market although we cant be sure but the probabilities are  there and we know on how peoples mind do really play on these particular times.
For now lets just not stress ourselves on finding satoshi because it cant really be known whether his still existing or already dead.

I think at this point it's no more important to find Satoshi and definitely he too isn't going to reveal his identity even if he is alive by any chance. I too think him revealing his identity will be a big blow in the market it will shift lots of things and parameters and no one knows whether things will go bullish or bearish. But yes it would have been great if the inventor of this great invention could be honoured suitably on global level.

[_BlackStar]

What they are interested in right now is profit, how can they make money and become rich thanks to bitcoin. I guess a lot of new entrants in the market these days not only don't care who Satoshi is but never read its white paper, they only care about the price. What price to buy and when to sell to make a profit.

This is a reality in life because people easily ignore and forget the creator but they only care about the benefits. In other cases, millions of people may not know who created the dollar but they continue to use it as a means of payment or trade it. Such is the condition of bitcoin and its creators, they take advantage of it but don't really care about the creators.

But do you think that's a problem? Shouldn't be in my opinion. As long as bitcoin is used as a means of payment, traded, discussed, mined or otherwise, then this is actually a form of public concern for satoshi. Reading white papers is a way to understand more about bitcoin, it's not mandatory as long as you understand what it's used for.

[Wiwo]

Currently, the majority of new users who come to bitcoin are not interested in such a relevant characteristic of bitcoin, sometimes they do not even care about learning who Satoshi Nakamoto is or what he represents in his eventual anonymity for bitcoin.

On the other hand, criticizing other crypto projects for their eventual customization would have nothing to do with the success or failure of those projects.

What they are interested in right now is profit, how can they make money and become rich thanks to bitcoin. I guess a lot of new entrants in the market these days not only don't care who Satoshi is but never read its white paper, they only care about the price. What price to buy and when to sell to make a profit.

~

As franky1 stated, they will do nothing to Satoshi, since the founder of LTC, ETH is still free.

There's still no guarantee they won't do anything to him, so he'd better remain anonymous forever.

Satoshi's current identity state is a plus to the entire Bitcoin community, but learning about satoshi is an essential part for any newcomers list reading the Bitcoin whitepaper is a good way to start but most of newcomers are only interested in the price volatility of Bitcoin and how to make some quick income, for Bitcoin to remain a highly decentralized and privacy-oriented Satoshi needs to remain anonymous so that there will not be interference with Bitcoin operation from the creator.

[Captain Corporate]

I believe that if we could have put a face on it or if he was around are different things. If he was still around but we still didn't have any idea at all who he was, that would be not too bad, I mean he would chat around here, he has an account here, he also chatted in other places as well, so it wasn't really a shocking deal to be fair. But at the end of the day he would be still not known at all. But him not being around at all doesn't really hurt bitcoin neither, it was a great thing as well. So what is the "main" great thing is the fact that we do not know who he is, not the fact that he didn't ended up leaving before bitcoin took off.

[Cling18]

I really bet to disagree with your point. Bitcoin too can be called centralized in this context. Satoshi Nakamoto holds 1 Million bitcoins, which is roughly 5% of the total supply of bitcoins as it is 21 Million. This actually is too much and enough to actually call this coin centralized as well. Infact some other cryptocurrencies have even less promoter holding than this. But yes the only advantage here is that one the creator is anonymous and secondly it has not moved even a single penny from what the holds so far which indicates bitcoin is quite safe to hold and obviously much better than the rest.

Satoshi Nakamoto Bitcoin holding is actually more than 1 million as you mentioned, and no bits have been used since the bitcoin was locked in Satoshi's wallets. But no one knows if Satoshi still has access to the wallet holding the coins.

I think this is pretty stupid to think that because he hasn't moved a single bitcoin from his address he might have lost the private key. There are huge chances he has some other wallet as well which we people aren't aware of and is enough for him to do his daily transactions and he is just keeping his bitcoin locked for the right time moreover he knows even a slightest of movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.

Years have passed and no transaction is made from that specific wallet. This increases the trust over the network, because a transaction made from the particular wallet will surely make disturbance in the market. In specific the network might loss it's feature of functioning without lying on someone's decision.

Lots of investors are watching keenly in every Shatoshi's possible move and the fact that no transactions are being done to his wallets, more people are trusting the reputation of the Butcoin creator. His private identity won't make people question things about him and just focus on the importance of Bitcoin in our current society. I believe that it's one reason why Satoshi kept his real identity.

[Bitstar_coin]

One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

From your two points above and your last statement down there, so you are invariably saying that "IF" Satoshi was to be Identified, Bitcoin will lose its value meaning it isn't the decentralization of its ecosystem as a coin that makes it strong but the UnIdentity of Satoshi?
If Bitcoin is decentralized which it is and not controlled by any one person and that has contributed to what has made it what it is today, so would satoshis Identity make it centralized?

Good Question, assuming hypothetically speaking Satoshi's identity became known to the public, will that now mean that all the things BTC stands for that made it stand out from the rest of the other coins suddenly be reversed? No right! so the statement that "If Satoshi identity is revealed btc will lose its value" is incorrect, btc will remain decentralize and maintain its value regardless. BTC is already designed this way, knowing the face behind it won't make any difference.

[pooya87]

the statement that "If Satoshi identity is revealed btc will lose its value" is incorrect, btc will remain decentralize and maintain its value regardless.

The problem is that some people associate short term market manipulation with what bitcoin stands for and its value. There is a really high chance that if some day Satoshi's identity became known, bitcoin price would dump. But that doesn't mean anything would change about bitcoin and its value.
These are the same people who repeat "bitcoin is dead" each time there is a drop.

[Abiky]

One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

A close look and observations of both will tell you what their both stand for, their strength and weaknesses e.g
Bitcoin is a highly decentralized digital currency that gives its user total control, this freedom is possible because the Bitcoin network is on an automatic pilot mood. That is to say, no individual owned or control its network, so the room for influence is zero since the Bitcoin creator remain anonymous a long time ago.
Altcoins on the other hand are suffering from the grips of capitalization, over the controlled and highly unsecured method of network protocols, since their creators are known and they have 100% control of the coins, this has made the altcoin market become a dumping ground for bad projects and coin development.
These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

Couldn't agree more with you, mate. Bitcoin's unknown creator is what has let it towards widespread success. For true decentralization, there must be no person behind the project which you can easily identify. Cryptocurrencies like Ethereum, Cardano, and even Polkadot could face the risk of centralization as their creators/founders are publicly known. This creates a conflict of interest as we speak. Governments can easily prosecute these people for making private currencies outside of their control. With Bitcoin, there's no one you can target to get what you want. If only most cryptocurrency projects had an anonymous founder/creator and developer team, things would've been different by now.

Unfortunately, money talks, so the only way to bring "trust" among VCs is by disclosing the identities of team members. It's a pity because this puts crypto in the hands of Wall Street. At least, the original cryptocurrency (Bitcoin) won't be going anywhere soon. Just my thoughts

[Ojima-ojo]

The Great Car Crash a few weeks ago demonstrates what happens when you leave your money on centralized platforms.

What a pathetic situations, throwing off safety cautions for temporary pleasure. It sounds wired to imagine what the results and impact will be on the victim. Centralization in cryptocurrency is part of the scam channels.

[Z-tight]

There is a really high chance that if some day Satoshi's identity became known, bitcoin price would dump.

Hi pooya87, i would like to know why you think there is a high chance that bitcoin price will dump if Satoshi's identity is revealed some day, i was thinking in the opposite way, i feel if his identity is revealed it will be everywhere in the news and that is more attention, which may lead to greater demand for the use of bitcoin. Secondly, you know many people see bitcoin as a mystery, because of how mysteriously its creator is unknown and unseen, so they don't want to use it, they think it is a scam and can't be trusted (i know they are wrong, because bitcoin is open-source, and the creator is not needed technically to prove it is legit, anybody can verify that), but for people who are not very knowledgeable, Satoshi's presence can give them more trust in the network right? Resulting in more demand, and a pump in price.

[Davidvictorson]

This Satoshi's faceless identity and the possible reason(s) behind it reminds me of the Greek mythology where, Prometheus stole fire back from the gods(Zeus) in a fennel stalk and restored it to humanity, the masses. As a punishment, he was nailed from a mountain and an eagle would eat his immortal liver. This may be correlated with Satoshi Nakamoto has stealing the power (of banking) from the gods (powerful bankers, government, and politicians) and giving it to the common people. After which he(they) end up disappearing out of public light because they don't want to end up being punished for it .

[TheNineClub]

I don't think it was deliberate, it was just a response to the times BTC was born into. Anyone that had any new idea that went against the grain was hunted down be it literaly by the police (think Silk Road Ulbricht a few years after) or by attourneys (P2P platforms some years before), and there was no benefit for reveling your identity. On the downside, it kinda created some sort of a cultish figure in the comunity, and that's never a good thing.

[jrrsparkles]

There is a really high chance that if some day Satoshi's identity became known, bitcoin price would dump.

Hi pooya87, i would like to know why you think there is a high chance that bitcoin price will dump if Satoshi's identity is revealed some day, i was thinking in the opposite way, i feel if his identity is revealed it will be everywhere in the news and that is more attention, which may lead to greater demand for the use of bitcoin. Secondly, you know many people see bitcoin as a mystery, because of how mysteriously its creator is unknown and unseen, so they don't want to use it, they think it is a scam and can't be trusted (i know they are wrong, because bitcoin is open-source, and the creator is not needed technically to prove it is legit, anybody can verify that), but for people who are not very knowledgeable, Satoshi's presence can give them more trust in the network right? Resulting in more demand, and a pump in price.

Anonymous person behind the bitcoin is one of the main reason why it has grown because if the identity is revealed there can be lot of manipulation can be possible and divide the community based on nationality, religion, etc, etc so I beleive it is better to be as it is since we all know even the presence of Satoshi is not going to make any difference technically on the other side it has lot of downsides which can even stop the adoption of bitcoin anymore.

[Z-tight]

Anonymous person behind the bitcoin is one of the main reason why it has grown because if the identity is revealed there can be lot of manipulation can be possible and divide the community based on nationality, religion, etc, etc so I beleive it is better to be as it is since we all know even the presence of Satoshi is not going to make any difference technically on the other side it has lot of downsides which can even stop the adoption of bitcoin anymore.

Your reply doesn't answer my question friend, maybe you did not understand my inquiry as you weren't the member i quoted initially, but i understand your sentiments, you may be correct when you say Satoshi's hidden identity is the reason why bitcoin has grown this fast (even though i do not know how), but then what manipulations can occur if Satoshi is known, none that i can try to think of, there have been manipulations since bitcoin was created, but they don't affect the network other than causing a dump on the price for a very short time, another error in your post is in the area of 'division', bitcoin is decentralized, and dev's work for the good of the network, if Satoshi is somehow known, bitcoin will still be decentralized and you know what i said dev's do. I agree with you that the network is better as it is, and that wasn't what my earlier inquiry was about either. Cheers!

[Piesel]

a slightest movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.

You are right any slight movement in that wallet will cause a lot of reaction from the Bitcoin community also I agree with you on the fact that Satoshi has another wallet he is operating from and making daily transactions for such wallets. I believe Satoshi's faceless identity is just a measure to curtail any possible interference with the Bitcoin system and network, since Satoshi practically developed Bitcoin his presence will cause a threat to the growth and safety of the community. Take ethereum for example.

[Doan9269]

a slightest movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.

You are right any slight movement in that wallet will cause a lot of reaction from the Bitcoin community also I agree with you on the fact that Satoshi has another wallet he is operating from and making daily transactions for such wallets. I believe Satoshi's faceless identity is just a measure to curtail any possible interference with the Bitcoin system and network, since Satoshi practically developed Bitcoin his presence will cause a threat to the growth and safety of the community. Take ethereum for example.

Don't you all think that a person like Satoshi who jave successfully launched bitcoin and it's been maintained till date while being anonymous has gone extra miles than we are just thinking or saying about him, his steps and some of his expected moves, the reality here that i see is that Satoshi is unpredictable just as bitcoin is pseudoanonymius so is the creator anonymous in all his doings else he would have been tracked down if what we are all thinking is true about him.

[jrrsparkles]

Anonymous person behind the bitcoin is one of the main reason why it has grown because if the identity is revealed there can be lot of manipulation can be possible and divide the community based on nationality, religion, etc, etc so I beleive it is better to be as it is since we all know even the presence of Satoshi is not going to make any difference technically on the other side it has lot of downsides which can even stop the adoption of bitcoin anymore.

Your reply doesn't answer my question friend, maybe you did not understand my inquiry as you weren't the member i quoted initially, but i understand your sentiments, you may be correct when you say Satoshi's hidden identity is the reason why bitcoin has grown this fast (even though i do not know how), but then what manipulations can occur if Satoshi is known, none that i can try to think of, there have been manipulations since bitcoin was created, but they don't affect the network other than causing a dump on the price for a very short time, another error in your post is in the area of 'division', bitcoin is decentralized, and dev's work for the good of the network, if Satoshi is somehow known, bitcoin will still be decentralized and you know what i said dev's do. I agree with you that the network is better as it is, and that wasn't what my earlier inquiry was about either. Cheers!

I think you got it wrong, I am not talking about manipulating the bitcoin because it has been under manipulation in terms of its price and valuation but what if the Satoshi Identify get reveals then the manipulation will be based on the person who is behind the creation of Bitcoin and I don't know you're aware or not of the media manipulation which can make people to beleive what they wanted to show as right no matter what is actually the right.

[tomos81]

Satoshi never wanted his identity to be seen. Because Satoshi invented Bitcoin is the top cryptocurrency currency in the world market. That is to say that other people instead of Bitcoin Alt Coins inaugurated. That's why the cryptocurrency market as an alternative altcoin acceptable Altcoins on Hidden Identity Bitcoin By creating that we can say that Arrowt Coin also has some future.

[amihada]

As long as i know the name of satoshi there is no clear source about satoshi wanting to show his photo to the public, satoshi is a figure whose identity mystery has not been revealed until now we all only know the name of satoshi whether he is a person or satoshi a small community that created bitcoin is still a mystery until now and I'm sure it will remain a mystery. If anyone claims to be a satoshi, I can assure you it's fake.

[jostorres]

There is a really high chance that if some day Satoshi's identity became known, bitcoin price would dump.

Hi pooya87, i would like to know why you think there is a high chance that bitcoin price will dump if Satoshi's identity is revealed some day, i was thinking in the opposite way, i feel if his identity is revealed it will be everywhere in the news and that is more attention, which may lead to greater demand for the use of bitcoin. Secondly, you know many people see bitcoin as a mystery, because of how mysteriously its creator is unknown and unseen, so they don't want to use it, they think it is a scam and can't be trusted (i know they are wrong, because bitcoin is open-source, and the creator is not needed technically to prove it is legit, anybody can verify that), but for people who are not very knowledgeable, Satoshi's presence can give them more trust in the network right? Resulting in more demand, and a pump in price.

It will if satoshi then said that he will sell his bitcoins. Also if he is going to be arrested or shutdown by those people who got angry with him, maybe that can cause a negative impact on the price of bitcoin but even without the presence of satoshi, the trust and confidence by the people towards bitcoin is still improving.

The days are gone that bitcoin is only being treated by a criminals money because many governments already legalized and approved its use. Many big institutions and famous personalities are also using it. I think I agree on the title of the thread. People got curious because the founder of this coin is mysterious so they will try it.

[Wiwo]

The days are gone that bitcoin is only being treated by a criminals money because many governments already legalized and approved its use. Many big institutions and famous personalities are also using it. I think I agree on the title of the thread. People got curious because the founder of this coin is mysterious so they will try it.

Alot have happen in Bitcoin and also Bitcoin haven't existed for only but a decade have gained the trust of some people and I don't think Satoshi's identity will make any difference if a country like El Salvador could make Bitcoin a legal tender, that shows the level of improved perception of governments toward Bitcoin and gone are those days where people believe Bitcoin to be an illegal currency and many countries are already making efforts to make bitcoin a legal tender.

[Abiky]

I don't think it was deliberate, it was just a response to the times BTC was born into. Anyone that had any new idea that went against the grain was hunted down be it literaly by the police (think Silk Road Ulbricht a few years after) or by attourneys (P2P platforms some years before), and there was no benefit for reveling your identity. On the downside, it kinda created some sort of a cultish figure in the comunity, and that's never a good thing.

It's a good thing Bitcoin was created by an anonymous person, or governments would've already destroyed it. With what happened with Tornado.Cash lately, crypto's vision of being a "censorship-resistant" kind of money would be put at risk. It's very disappointing to see so many Blockchain projects with publicly-known developers and/or founders. I know they want to attract VCs and institutional investors, but they're ultimately sacrificing censorship-resistance and decentralization. You can see how the easily the government has been able to catch a developer of the Tornado.Cash mixing protocol. Things would've been different if he would've been an anonymous person.

Ethereum could be doomed as well, since the founder is widely known by the public (which is Vitalik Buterin). What makes you think someday governments will hold Vitalik accountable for creating a platform which encourages "money laundering" and "tax evasion"? The same could happen with any other crypto project with known developers/founders. At least, Bitcoin won't be going anywhere soon. Who knows if 99% of alts die while Bitcoin remains the "only kid in town"? Just my opinion

[Odusko]

As long as i know the name of satoshi there is no clear source about satoshi wanting to show his photo to the public, satoshi is a figure whose identity mystery has not been revealed until now we all only know the name of satoshi whether he is a person or satoshi a small community that created bitcoin is still a mystery until now and I'm sure it will remain a mystery. If anyone claims to be a satoshi, I can assure you it's fake.

The reality of the matter is that satoshi is a faceless image and as far as i can guess the name satoshi is a code name and does not have any individual bearing it and i also think that, why Bitcoin is this strong and stable in its the price is because of this faceless and decentralized nature. Bitcoin is and will remain the most decentralized and highly secured crypto in the market today. If satoshi was an individual and his identity goes public most Bitcoin holders will not trust the Bitcoin network the way they are now, take ethereum for example the creator is known that is why there have been regular changes in it network.

[carlfebz2]

As long as i know the name of satoshi there is no clear source about satoshi wanting to show his photo to the public, satoshi is a figure whose identity mystery has not been revealed until now we all only know the name of satoshi whether he is a person or satoshi a small community that created bitcoin is still a mystery until now and I'm sure it will remain a mystery. If anyone claims to be a satoshi, I can assure you it's fake.

The reality of the matter is that satoshi is a faceless image and as far as i can guess the name satoshi is a code name and does not have any individual bearing it and i also think that, why Bitcoin is this strong and stable in its the price is because of this faceless and decentralized nature. Bitcoin is and will remain the most decentralized and highly secured crypto in the market today. If satoshi was an individual and his identity goes public most Bitcoin holders will not trust the Bitcoin network the way they are now, take ethereum for example the creator is known that is why there have been regular changes in it network.

It go plays along with the main basic feature or characteristic of bitcoin which is anonymous which its creator did really decide not to show up his face into the public even though he didnt know on whats the future

of what he had created or invented which is something revolutionary or something did really make big changes in history of finance or simply with money.It do give us up that option which we do have the full control

of our funds and this is the main reason on why it do really get that much support by the community due to this.Although we do have lots of better coins in the market as of this moment
but still nothing beats out the king of all coins.

[|MINER|]

I sometimes wonder how they manage to animously make the point while keeping everything secret. But the success of this Bitcoin is revealed by being animous. I respect Satoshi's and his team for this cashless breakthrough invention. But I won't call all alt-coins shitty coins because currently many good coins like etherium are working as bitcoin's helping hand to increase the range of cryptocurrency.

[samuraijin]

I don't know who made it, let it be a mystery, even though it was successful, at least it was really designed as little as possible to really make bitcoin a long-term asset, if it wasn't designed as well as possible then bitcoin has no price at this time, then I think they are they think that Satoshi is not an individual, but works in a group that has knowledge in their respective fields, it is not impossible that this Satoshi was created by global elites to develop their ambitions, dominate the world economy..

[Piesel]

I don't know who made it, let it be a mystery, even though it was successful, at least it was really designed as little as possible to really make bitcoin a long-term asset, if it wasn't designed as well as possible then bitcoin has no price at this time, then I think they are they think that Satoshi is not an individual, but works in a group that has knowledge in their respective fields, it is not impossible that this Satoshi was created by goobal elites to develop their ambitions, dominate the world economy..

This assumption may be true or false at the same time, because if you look at the dominant feature of Bitcoin which is decentralization make it far from your assumption of the individuals behind Bitcoin as wanting to have control of the global economy., Bitcoin may have been a creation of elites that is aim at giving the citizens and its users freedom from third parties and the autocratic ways of government-issued currency.

[boris singer]

Snip

I will not go for comparing between altcoin and bitcoin . I will give thanks to Satoshi for making this great invention. It's keep us away from the control of banking system.  I gives us the opportunity to transact our money animously. And these things makes Cryptocurrencies up today . So don't need to know who is Satoshi or what ever we just respect his opinion.

In this case, I am still in contact with several banks because consciously or not, I still really need them for my daily life because banks and fiat still dominate in my country. but in this case, it doesn't stop me from being in Crypto especially bitcoin, because for me for now holding bitcoin doesn't mean having to get rid of it and as if I don't need a bank.

[Piesel]

I will not go for comparing between altcoin and bitcoin . I will give thanks to Satoshi for making this great invention. It's keep us away from the control of banking system.  I gives us the opportunity to transact our money animously. And these things makes Cryptocurrencies up today. So don't need to know who is Satoshi or whatever we just respect his opinion.

The fact is we can enjoy Bitcoin 100% without bordering to know who the creator is as long as transactions are based on Peer to peer we can be ok with that and that is the beauty in the decentralized nature of Bitcoin.

Bitcoin is not under the influence of anybody or institution and the invisibility of Satoshi is one of the things that give Bitcoin it credence, and to say we should compare Bitcoin to altcoins I will see that as a wasted effort both can still co-exist with each other without any problem, as long as both aid scalability of the cryptocurrency industry.

[franky1]

It's a good thing Bitcoin was created by an anonymous person, or governments would've already destroyed it. With what happened with Tornado.Cash lately,
...
Ethereum could be doomed as well, since the founder is widely known by the public (which is Vitalik Buterin). What makes you think someday governments will hold Vitalik accountable for creating a platform which encourages "money laundering" and "tax evasion"?

oh please stop!!
you have fallen for the coke sniffing conspiracy guys rhetoric..(the anti-gov nut)
im not pro gov, im just not a nutjob, im a realist that does research and understands how the real world works

tornado was not sanctioned/arrested just for coding a service
he as sanctioned and arrested for.. (take a breath and let this sink in)..
.. for then personally being involved in facilitating the laundering of hacked coins and more importantly getting a fee for facilitating that particular transaction..

it has nothing to do with maybe getting paid months before for making software. it was he personally benefited from the hacked funds being laundered(the exact transaction)

ethereum devs are not at some threat for just being developers

satoshi's disappearance or opposite(if he became public) would not have made any difference to the state of bitcoin. he had no backdoor that could have been interrogated out of him to then break bitcoin.

the actual important thing is that he left coins that were on p2pk and re-used addresses with atleast half a dozen signatures of those spends.
yet. without him around to move coin.. to stop anyone from spending(by moving coin) those coins.. those coins are FUD'ed as "at risk" .. yet 13 years of the coins being on those FUD'ed weak addresses.. no one has managed to spend/steal those coins(which proves the security of bitcoin by lack of theft)

and that is the strength of bitcoin. knowing someone can leave coins for 12+ years so far and no one else can steal them.. which brings more trust to bitcoin then the social drama of "who" invented it

bitcoins security and status and trust and success is not based on some social drama "fame"

its based on cryptography that proves itself to be successfully secure. and thats bitcoins greatest success

[Vaskiy]

Snip

I will not go for comparing between altcoin and bitcoin . I will give thanks to Satoshi for making this great invention. It's keep us away from the control of banking system.  I gives us the opportunity to transact our money animously. And these things makes Cryptocurrencies up today . So don't need to know who is Satoshi or what ever we just respect his opinion.

In this case, I am still in contact with several banks because consciously or not, I still really need them for my daily life because banks and fiat still dominate in my country. but in this case, it doesn't stop me from being in Crypto especially bitcoin, because for me for now holding bitcoin doesn't mean having to get rid of it and as if I don't need a bank.

Almost every people are with the same mind, because everyone are in need of the banking services for the daily needs. With time there is transition in payments, but the same isn't happening all around. Until then we need the banking and if Satoshi identity is revealed. Now he could've been marked a billionaire or someone could've taken control over him.

[KingsDen]

One night I was wrapping my head over the mystery of satoshi, the identity and how powerful the name has become. That creature is a wonderful being, I don't know if it is a group of peopl, an individual or we can even call it a spirit. He was so powerful and disciplined I must confess. It is not easy to be completely anonymous in this social media era. Satoshi tried his best to erase any trace of their identity. I was wondering even when he was building the project bitcoin, he should have mentioned it to his guys, how come all the guys kept it confidential.

Tallking about OP, Satoshi's disappearance is an advantage to bitcoin, assuming the guy is still actively involved in bitcoin with an unhidden identity, let's say he eventually dies, what would have being the fate of bitcoin? I guess too many forking right? Again, bitcoin decision making would be impeded because so many people making decisions of about bitcoin will have to wait and see Satoshi's decision in the situation before they make. Satoshi's disappearances is one of the perfect things that happened to bitcoin.
Kudos to the hero.

[Iroh]

I think Satoshi’s faceless identity gave a great boost to the success of bitcoin. The fact that the creator of bitcoin chose to remain anonymous despite the fame and gain the coin has gathered over the years. Most likely, if the creator wasn’t keen on remaining anonymous, the coin wouldn’t have retained the value it has attained today. Surely it can be considered as a success strategy but definitely not the greatest success strategy.

[Doan9269]

Decentralization does not mean total privacy and satoshi Nakamoto identity may have contributed to the strength of Bitcoin decentralization, but tgen altcoins are not totally shitcoin because of centralization ecen with the rate of control of it network being high e.g the recent ethereum merge is one of the action of a centralized network and it give power to an individual wothin the network's which for me is a bad idea.

I wish you just realize that you have deviated from bitcoin discussion into something else, the thread is not saying a debate in comparing PoW from PoS, bit i will like to drop you this two facts.

1. What we see are temporal but what we don't see last, I don't need an explanation on that because that's the subject matter of the discussion on this thread.

2. Bitcoin is the lead and king of all cryptocurrencies even with it PoW in in use, no other altcoin has by any means outsmart this fact either by PoS or any other means.

As for Satoshi, he will remain anonymous in other to keep the sustainability of the network lively and counter every traces of Craig among others in salient.

[fiulpro]

Bitcoin is definitely a cryptocurrency which is on that too undeniably and at the same time it's also the first crypto and thus at the end of the day all others are kinda copied, but still they haven't been able to solve the problem of excessive usage of energy in mining and when we do then we can actually consider that an achievement, we need better updates and we have to remember that most Altcoin are backed up by bitcoins, since Bitcoins are able to steer clear of most things and maintain a synergistic positive relationships with Altcoins as well, it needs to work on its energy problrm.

[Jeger.Kiting]

I don't know if this is Satoshi's strategy or not, because in my opinion Satoshi just wants to help everyone from the current economic crisis in a country, that's why Satoshi created Bitcoin and spread it to everyone after that he left without leaving a trace and also not revealing his identity to the public so this is still a mystery to this day. But all of that is no problem with the development of Bitcoin and will not have a bad impact on the growth of Bitcoin in the future.

[Abiky]

One night I was wrapping my head over the mystery of satoshi, the identity and how powerful the name has become. That creature is a wonderful being, I don't know if it is a group of peopl, an individual or we can even call it a spirit. He was so powerful and disciplined I must confess. It is not easy to be completely anonymous in this social media era. Satoshi tried his best to erase any trace of their identity. I was wondering even when he was building the project bitcoin, he should have mentioned it to his guys, how come all the guys kept it confidential.

Tallking about OP, Satoshi's disappearance is an advantage to bitcoin, assuming the guy is still actively involved in bitcoin with an unhidden identity, let's say he eventually dies, what would have being the fate of bitcoin? I guess too many forking right? Again, bitcoin decision making would be impeded because so many people making decisions of about bitcoin will have to wait and see Satoshi's decision in the situation before they make. Satoshi's disappearances is one of the perfect things that happened to bitcoin.
Kudos to the hero.

Satoshi was a very clever person. If he didn't hide his identity, governments would've been behind his tail in order to shut down the Bitcoin project or at least prevent it from happening. You can see why other projects had issues with the government, just because their developers' identities were public. Tornado.Cash is one good example of this. Most projects nowadays disclose developers' identities to help attract institutional investors into them. But they're ultimately sacrificing censorship-resistance, which is the pinnacle of crypto/Blockchain tech. I guess that's why Bitcoin is still the #1 cryptocurrency in the world (even though it's slow and expensive at times).

No one knows the whereabouts of Satoshi, especially when he vanished in 2011. At least, the community has taken the role of Satoshi by contributing towards the development of the Bitcoin network. As long as decentralization is prioritized, we should have nothing to worry about. Just my opinion

[Techkoy407]

even though Satoshi Nakamoto has always told him his identity, I think bitcoin will still be victorious and be number one as it is now because bitcoin is the first digital money in the world, don't think if satoshi shows up and reveals his identity will make bitcoin unstable or down it's a big mistake in my opinion, even if Satoshi appears it will be phenomenal and attracts all especially for bitcoin progress.

[Piesel]

I think Satoshi’s faceless identity gave a great boost to the success of bitcoin. The fact that the creator of bitcoin chose to remain anonymous despite the fame and gain the coin has gathered over the years. Most likely, if the creator wasn’t keen on remaining anonymous, the coin wouldn’t have retained the value it has attained today. Surely it can be considered as a success strategy but definitely not the greatest success strategy.

True, Bitcoin have become stronger without Satoshi presence in the community and that have also given Bitcoin the image of the uncontrollable network since there is no known figure that controls the network and no constant changes that could undermine Bitcoin security such as what we may witness with ethereum proof of stake algorithm.

Satoshi's unknown identity has also given Bitcoin more legitimacy from investors and that is why Bitcoin has remained the dominant cryptocurrency up till this very moment.

[buwaytress]

Funny that they're actually faceless (which, I note, is very different from being identity-less) but the name is often attributed to a face for a lot of people (and unfortunately I have actually personally met people who think the face belongs to CW, who's in Oslo now btw vs holdonaut). Even I think of a particular Japanese face heh.

True, Bitcoin have become stronger without Satoshi presence in the community and that have also given Bitcoin the image of the uncontrollable network since there is no known figure that controls the network and no constant changes that could undermine Bitcoin security such as what we may witness with ethereum proof of stake algorithm.

Satoshi's unknown identity has also given Bitcoin more legitimacy from investors and that is why Bitcoin has remained the dominant cryptocurrency up till this very moment.

A lot of coins learned from this. Look at Dogecoin. Rudderless even for long periods. Litecoin took the cue, as did Ethereum later (though Buterin's disassociation hasn't really had the same impact).

Satoshi's deliberate disappearance proved early on Bitcoin's decentralisation (without ever needing to purport it).

[Doan9269]

Satoshi was a very clever person. If he didn't hide his identity, governments would've been behind his tail in order to shut down the Bitcoin project or at least prevent it from happening

They wouldn't have go after bitcoin but rather Satoshi himself itself to ensure that his appearance seize from existing, buy the man with a vision known all these already right before he completed his works on bitcoin, the plan was already made in place and that's why you can't trace anything about bitcoin to a centralized entity no matter what, those suffering it were the exchanges who have physical location and the miners who inevitably depend on governments source of electricity to power their mining rig, blockchain has sum up the whole security on decentralization, i consider those after Satoshi or bitcoin as a chase after air with an already failed mission.

[Webetcoins]

I think Satoshi’s faceless identity gave a great boost to the success of bitcoin. The fact that the creator of bitcoin chose to remain anonymous despite the fame and gain the coin has gathered over the years. Most likely, if the creator wasn’t keen on remaining anonymous, the coin wouldn’t have retained the value it has attained today. Surely it can be considered as a success strategy but definitely not the greatest success strategy.

True, Bitcoin have become stronger without Satoshi presence in the community and that have also given Bitcoin the image of the uncontrollable network since there is no known figure that controls the network and no constant changes that could undermine Bitcoin security such as what we may witness with ethereum proof of stake algorithm.

Satoshi's unknown identity has also given Bitcoin more legitimacy from investors and that is why Bitcoin has remained the dominant cryptocurrency up till this very moment.

I mean imagine a world where we knew who the real satoshi was and then he ended up getting jailed by some governments, as we all know if we knew who he was that would have happened long time ago. Governments do not like people who create their own money, and they even had a law about it, and if they did know who he was, he would have been in jail for many years now.

And even though we do not know who he is now, and understand that he doesn't have any power over bitcoin at all, if we knew and he was jailed, so he literally doesn't have power over it again, we would have reacted badly to it. So it is amazing that he just left the way he did, it worked amazingly for us.

[Pierre 2]

I definitely agree with this. We always associate coins with their developers. And actions of developers affect perception of those coins. Even if a developer is very good guy, everyone will know he benefits through its existence etc. On the other hand Satoshi is like a monk that developed a coin and sits at temple top of mountain. He is hidden existence helps reputation of Bitcoin a lot.

[trendcoin]

What did Satoshi do by hiding his identity? He protected his life against deep state forces. He avoided personal polemics that were pointless and offensive. He gave Bitcoin to all humanity, not to one person.

In fact, the desire to be known is a very strong desire. We all want to be known because that's when our lives and existences become meaningful. That's why I admire Satoshi, who undersigned a revolution like Bitcoin and concealed his personal identity. Also, I'm guessing it's Hal. I was depressed while writing these lines. Normally I'm not that emotional. Running Bitcoin... :(

[Vaculin]

Not only his/her/their face, but the fact that we don't know for sure what Satoshi's political views are and who Satoshi's preferred presidential candidate is and all that. All we know is that Satoshi thinks we needed uncensorable money separate from the state, and that's it.

No one has come to know Satoshi personally and I think that’s also good so that he’ll remain uncertain to everyone, and that no one gets the chance of ruining his own positive motive for bitcoin. Let’s just leave it there, the most important is his invention was successful and we are now starting to experience right now the freedom from the state when it comes to managing our own finances.

[Sanitough]

I think Satoshi’s faceless identity gave a great boost to the success of bitcoin. The fact that the creator of bitcoin chose to remain anonymous despite the fame and gain the coin has gathered over the years. Most likely, if the creator wasn’t keen on remaining anonymous, the coin wouldn’t have retained the value it has attained today. Surely it can be considered as a success strategy but definitely not the greatest success strategy.

True, Bitcoin have become stronger without Satoshi presence in the community and that have also given Bitcoin the image of the uncontrollable network since there is no known figure that controls the network and no constant changes that could undermine Bitcoin security such as what we may witness with ethereum proof of stake algorithm.

Satoshi's unknown identity has also given Bitcoin more legitimacy from investors and that is why Bitcoin has remained the dominant cryptocurrency up till this very moment.

I think Satoshi has seen it coming and since bitcoin aims for decentralization, his faceless identity will definitely make bitcoin create huge impact and influence to its users. Maybe we can say that this is just a funny idea for Satoshi but I guess it helps a lot. Making Satoshi anonymous until now has also made bitcoin more interesting and appealing.

[Odusko]

The strongest cardinal point for point its decentralized network and satoshi contributed largely to this, since his presence and identity are unknown he no longer has any influence on the network.
We can see the difference between Bitcoin decentralization and other altcoin decentralization Bitcoin is the only truely decentralized digital currency without the influence of both external and internal factors.

[Russlenat]

Bitcoin's decentralized nature has made it possible for Bitcoin users to maintain high privacy, but even at that there have been a lot of speculations around Satoshi's identity but again none of his social media or other communication channels have been active since his exit from the science some years ago.

Since bitcoin is already in its spotlight, then it’s expected that a lot of people will look for the real founder of bitcoin which until at the present its identity remains private and uncertain. The reason why a lot has claimed that they are Satoshi, just to steal the spotlight that Satoshi deserves. I guess Satoshi’s faceless identity has helped a lot in the success of bitcoin.

[Abiky]

What did Satoshi do by hiding his identity? He protected his life against deep state forces. He avoided personal polemics that were pointless and offensive. He gave Bitcoin to all humanity, not to one person.

In fact, the desire to be known is a very strong desire. We all want to be known because that's when our lives and existences become meaningful. That's why I admire Satoshi, who undersigned a revolution like Bitcoin and concealed his personal identity. Also, I'm guessing it's Hal. I was depressed while writing these lines. Normally I'm not that emotional. Running Bitcoin...

At least, Satoshi lived a low-profile life. He didn't want to attract publicity, after all (unlike Craig Wright). Bitcoin's creator planned things thoroughly to help protect the cryptocurrency's censorship-resistance at all costs. If he would've disclosed his identity from the start, Bitcoin wouldn't have been born today. Now it's too late to do anything about it, as Bitcoin has grown too big to fail. Governments are going to need to embrace the revolution or be left behind in the dust.

Cryptocurrencies with publicly-known founders/creators (eg: Ethereum) are in serious trouble as governments could prosecute them at will. Most projects reveal the team's identities to help attract VCs, but they're ultimately defecting to the regulators. Effectively, regulations would prevent crypto from achieving its full potential as censorship-resistant money anyone can use worldwide. It's a dark future ahead for altcoins, due to their decision to sacrifice decentralization/censorship-resistance in favor of cost-efficiency and high performance. With or without Satoshi, I think Bitcoin will last for generations thanks to the way it was designed. Just my thoughts

[Afterclap]

It is not just about Satoshi Nakamoto’s faceless identity; it is much more than that. And I feel that ‘their’ faceless identity has almost little to nothing to give to Bitcoin. It might have an impact on it, but other factors like accessibility, volatility, large store volume, etc., are also important.

[Doan9269]

even though Satoshi Nakamoto has always told him his identity, I think bitcoin will still be victorious and be number one as it is now because bitcoin is the first digital money in the world, don't think if satoshi shows up and reveals his identity will make bitcoin unstable or down it's a big mistake in my opinion, even if Satoshi appears it will be phenomenal and attracts all especially for bitcoin progress.

To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

[tygeade]

At least, Satoshi lived a low-profile life. He didn't want to attract publicity, after all (unlike Craig Wright). Bitcoin's creator planned things thoroughly to help protect the cryptocurrency's censorship-resistance at all costs. If he would've disclosed his identity from the start, Bitcoin wouldn't have been born today. Now it's too late to do anything about it, as Bitcoin has grown too big to fail. Governments are going to need to embrace the revolution or be left behind in the dust.

Cryptocurrencies with publicly-known founders/creators (eg: Ethereum) are in serious trouble as governments could prosecute them at will. Most projects reveal the team's identities to help attract VCs, but they're ultimately defecting to the regulators. Effectively, regulations would prevent crypto from achieving its full potential as censorship-resistant money anyone can use worldwide. It's a dark future ahead for altcoins, due to their decision to sacrifice decentralization/censorship-resistance in favor of cost-efficiency and high performance. With or without Satoshi, I think Bitcoin will last for generations thanks to the way it was designed. Just my thoughts

That was the only way that it could actually survive. Remember when they found that old Japanese guy or something and assumed he would be the satoshi they were looking for and in the end it turned out that he wasn't at all but what he lived through even though he wasn't satoshi.

Now imagine if it was really him, dude would have been going from court to court rest of his life defending bitcoin and that would cripple bitcoin at all times. I am glad that he isn't known and we have no idea who he is, that is a lot better. I personally prefer it this way because this means we all own bitcoin, not just in the sense that we buy it, but more like we "own" it all together.

[Abiky]

To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

Satoshi is probably dead, so people should carry on with other important things in life. It was a good thing the creator of Bitcoin decided to become an anonymous person, or it would've been targeted by mainstream governments already. He did it to help protect the project's decentralization and censorship-resistance. According to the whitepaper, Bitcoin was truly meant to be "Peer-to-Peer Electronic Cash". That means no middlemen or third parties whatsoever.

Unfortunately, regulators ruined everything by requiring exchanges to comply with KYC/AML laws. This takes crypto one step back by introducing the middleman. It would be no different than the traditional banking system crypto/Blockchain tech was meant to avoid in the first place. There's nothing we can do now since Bitcoin has gone into the mainstream. While it's still possible to trade and use Bitcoin without KYC/AML, you won't get the same liquidity/convenience as you would through centralized exchanges or other centralized service providers. At least, we know Bitcoin won't be going anywhere because of the way it was designed. As long as the community keeps it decentralized/censorship-resistant, there should be nothing to worry about. Just my opinion

[AmoreJaz]

even though Satoshi Nakamoto has always told him his identity, I think bitcoin will still be victorious and be number one as it is now because bitcoin is the first digital money in the world, don't think if satoshi shows up and reveals his identity will make bitcoin unstable or down it's a big mistake in my opinion, even if Satoshi appears it will be phenomenal and attracts all especially for bitcoin progress.

To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

well, we don't need to search or investigate the identity of satoshi. as with more than a decade of btc existence, he still remained a mystery to all of us and prefer that way. i guess, that's one mystery in this crypto revolution, the creator of bitcoin. maybe, in time, it will be revealed but it will not be relevant at that time. we just need to be grateful that we have this technology today. it changed and continuously change the lives of people in some ways.

[Piesel]

even though Satoshi Nakamoto has always told him his identity, I think bitcoin will still be victorious and be number one as it is now because bitcoin is the first digital money in the world, don't think if satoshi shows up and reveals his identity will make bitcoin unstable or down it's a big mistake in my opinion, even if Satoshi appears it will be phenomenal and attracts all especially for bitcoin progress.

To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

Satoshi identity does not have any impact on Bitcoin but his large Bitcoin holding does have big impact on Bitcoin, despite the fact that the original concept of Bitcoin is generalization and privacy consciousness this is why bitcoins are p2p oriented for privacy sake.

What I believe is Satoshi already had a well-planned road map of this and that is why he become anonymous immediately after the Bitcoins network became live and transactions were confirmed marking the first time stamp.

[8rch7]

Satoshi's identity is still unknown, until now we don't know where he came from, some say Satoshi is American, some say Satoshi is Japanese, some say Satoshi is one person and some say Satoshi is a group ,then they gave the name Satoshi, actually we don't need to dig about who Satoshi really is, we just enjoy what he has done for us and we are quite grateful to Satoshi who has worked hard to introduce crypto currency to us, because in the past we only know the FIAT currency which is controlled by the government, but after Satoshi introduced crypto currency, we can also be free from third parties to make transactions in any country we want. without government intervention.

[Minor Miner]

even though Satoshi Nakamoto has always told him his identity, I think bitcoin will still be victorious and be number one as it is now because bitcoin is the first digital money in the world, don't think if satoshi shows up and reveals his identity will make bitcoin unstable or down it's a big mistake in my opinion, even if Satoshi appears it will be phenomenal and attracts all especially for bitcoin progress.

To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

Satoshi identity does not have any impact on Bitcoin but his large Bitcoin holding does have big impact on Bitcoin, despite the fact that the original concept of Bitcoin is generalization and privacy consciousness this is why bitcoins are p2p oriented for privacy sake.

What I believe is Satoshi already had a well-planned road map of this and that is why he become anonymous immediately after the Bitcoins network became live and transactions were confirmed marking the first time stamp.

I think the opposite, the identity of satoshi will have a huge impact on bitcoin. Assuming satoshi's identity is revealed and the government comes to him, he will surely be questioned about everything about bitcoin. The government will make him work for them and worse, they will make him change the algorithm and cause bitcoin to increase the supply or will help them control bitcoin in some way. I think he is the creator of bitcoin then he can also reverse some of the algorithms he created, otherwise they will find a way to destroy his identity and imprison him, which will certainly hurt bitcoin. These are my thoughts, correct me if I'm wrong.

[Abiky]

I completely agree with you on this.. I belive it gave people a sense that Bitcoin is truly decentralised otherwise people would be pointing out Satoshi as the owner and would have blamed him for each falll. While making him change the Bitcoin algorithm or increase supply to meet public demand or authorities would have scuttled the project by personally targetting him.

I don't get why most projects these days have their team members' identities public. It gives governments the chance to prosecute the individuals behind crypto projects at will. There's a reason why Satoshi never disclosed his identity in the first place. If only Vitalik copied Satoshi's footsteps, the Ethereum project wouldn't had been a mess today. The sanctions against the Tornado.Cash mixer and the PoS upgrade on the ETH blockchain have greatly undermined people's privacy and freedom.

I believe crypto/Blockchain tech needs to remain as decentralized and censorship-resistant as possible to help render governments' efforts worthless. It seems to me that only Bitcoin will remain decentralized because of its unknown creator. The rest will simply go all the way downhill in an instant. Kudos again to Satoshi for doing the right thing from the start. Just my thoughts

[Odusko]

The identity issue is a personal decision and since cryptocurrency is all about privacy and security I don't think Bitcoin developer Satoshi's identity should not be made public because if satoshi's identity becomes public it will lead to Bitcoin becoming more centralized as there will be some form of control over the network, but as it is right now, Bitcoin is highly decentralized and this is as a result of it developer being unknown and out of the scene for a long time now. Even some altcoins whose creators are known are becoming more centralized and controlled by both the creator and the regulators.
So I think Bitcoin is ok the way it is and satoshi identity is not needed for Bitcoin safety or adoption.

[doomloop]

I don't get why most projects these days have their team members' identities public. It gives governments the chance to prosecute the individuals behind crypto projects at will. There's a reason why Satoshi never disclosed his identity in the first place. If only Vitalik copied Satoshi's footsteps, the Ethereum project wouldn't had been a mess today. The sanctions against the Tornado.Cash mixer and the PoS upgrade on the ETH blockchain have greatly undermined people's privacy and freedom.

I believe crypto/Blockchain tech needs to remain as decentralized and censorship-resistant as possible to help render governments' efforts worthless. It seems to me that only Bitcoin will remain decentralized because of its unknown creator. The rest will simply go all the way downhill in an instant. Kudos again to Satoshi for doing the right thing from the start. Just my thoughts

There could only be two options when creating a new project, and one of them is the main reason for it. If it happens like you said, if it is like satoshi, then you could create a project and have absolutely no connection left to it like satoshi did, if you can manage to build something new and leave it and never look like project creators are there, and give the responsibility to the people, it must be a good project to keep growing by those people.

But unfortunately, not many projects prefer that, they create the project and the project creators are there to keep improving it, which means KYC would allow them to look more legit in the eyes of the investors.

[Abiky]

The identity issue is a personal decision and since cryptocurrency is all about privacy and security I don't think Bitcoin developer Satoshi's identity should not be made public because if satoshi's identity becomes public it will lead to Bitcoin becoming more centralized as there will be some form of control over the network, but as it is right now, Bitcoin is highly decentralized and this is as a result of it developer being unknown and out of the scene for a long time now. Even some altcoins whose creators are known are becoming more centralized and controlled by both the creator and the regulators.
So I think Bitcoin is ok the way it is and satoshi identity is not needed for Bitcoin safety or adoption.

It's not in Bitcoin's best interests for Satoshi's identity to be revealed. Especially now when governments are taking harder measures against crypto/Blockchain tech. Ethereum, Cardano, and all of those other cryptocurrencies whose creators are known by the public would be nothing but doomed. They will be forced to "satisfy" the regulators or face serious consequences in the long run. With Bitcoin, this is not a problem because most developers' identities are unknown. This also applies to the creator/founder of the project (Satoshi). By not having someone whose identity is widely known to the public, governments will be forced to look elsewhere. I'm glad Bitcoin is the way it is for the good of decentralization and censorship-resistance. Just my opinion