Satoshi's faceless identity is the greatest Bitcoin success strategy

[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.