Satoshi's faceless identity is the greatest Bitcoin success strategy

[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.

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[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.