Satoshi's faceless identity is the greatest Bitcoin success strategy

[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.

[1714814489]

1714814489

[1714814489]

1714814489

[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.