What could have Satoshi faced if he made himself known from the beginning

[laurenB7742]

I must say that I'm now a Bitcoin addict and an ardent fan/supporter of Satoshi Nakamoto and the good initiative Bitcoin technology has brought to the world. But there are these questions that have been ringing in my head day and night as I continue to be curious about this man/men that brought this revolution to the financial space.

I would like people to furnish me with their views even though I personally believe that he would have been haunted by the world governments at the initial stage.

What could have been his fate if he made himself known from the beginning? And later after Bitcoin is recognized?

Well, you can take Vitalik Buterin as an example since ETH is the next popular cryptocurrency in the Industry. 

So what happens to Vitalik Buterin?  Is he endangered?  Got kidnapped?  Got criticized by the government?  Or is he well-acknowledged? Respected? And has authority over the Ethereum network?   I bet if Satoshi Nakamoto made himself known from the beginning, he would have experienced the same thing that Vitalik Buterin has experienced.

There are lots of crypto developers that are already known to the public, I believe Satoshi Nakamoto will also face the same thing as the developer of Bitcoin. 

He'll be taken quickly by the FBI or any syndicate that see his worth about his creation and the wealth, money that he has made.

But since he's a genius, he doesn't want to compromise his safety and identity in the public because he probably have foreseen these bad things might happen to him.

He can be abducted, kidnapped or anything that he can imagine of being done to him just for those bad people to take advantage of him.

And why is another cryptocurrency developer such as Buterin isn't taken by the FBI or syndicate?  I think we exaggerated things, thinking too many nefarious things will happen to Satoshi if ever he revealed himself from the beginning.


On a negative note, I think Satoshi is already dead, silenced by the authority thinking that Bitcoin will somehow stop propagating once Satoshi is killed.  That was just my assumption and does not bear any concrete evidence. Though I hope he is still alive somewhere enjoying his riches from selling BTC.  The one that is saved on an address that is not public.

I completely agree with you on this, it's not as serious as people imagine, after all he is just an ordinary person like Vitalik Buterin. It is true that bitcoin is becoming the focus of financial markets but if we take a broader look, bitcoin is still not something that is so important or has a strong impact on the economy of a country or the world economy, what bitcoin is creating is only on a personal level. So he can't be a criminal or someone who endangers the government to the point of imprisoning him or trying to destroy him. But if he comes out like Vitalik Buterin, I think the government will find a way to make bitcoin centralized and control it like altcoins are today, he made the very right decision to remain completely anonymous.

[Razmirraz]

If someone mentions Satoshi Nakamoto hid his identity for his own safety, I personally agree with that opinion.
The presence of Bitcoin has the potential to undermine the dominance of the banking industry because people can safely store their own money in Bitcoin. With Bitcoin people can send money around the world quickly and cheaply. Satoshi Nakamoto had predicted something bad would happen if his identity was revealed, he had read how cruel the business world was. Bad treatment often comes from those who are unable to compete, they will do anything to get rid of their competitors.

It is clear that Satoshi Nakamoto cannot face those who are hurt by the emergence of Bitcoin, because he wants his life to be safe, peaceful and peaceful, he chooses to hide his identity while smiling seeing Bitcoin technology being increasingly adopted in various countries.

[avikz]

What could have been his fate if he made himself known from the beginning? And later after Bitcoin is recognized?

He probably would have spent the rest of his life behind bars and was probably facing hundreds of lawsuits from various government enforcement agencies. That would have been his fate if he made himself known during the initial days of bitcoin. He can face such things even now. That's why I never wanted Satoshi to reveal himself.

I strongly feel that Craig Wright is a setup by FBI to lure actual Satoshi out which failed miserably! I am not sure if anyone else has similar thoughts!

[suzanne5223]

If Satoshi made himself to be known from the beginning, the first thing he will experience is a neighborhood attack, masses of crowd of anti-Bitcoin at his doorstep, support from BTC enthusiasts, and different levels of government lawsuit I believe Satoshi understand what will be at risk when he's planning to create BTC and for this, I admire him with the people that work with him on BTC.

[xSkylarx]

If Satoshi made himself to be known from the beginning, the first thing he will experience is a neighborhood attack, masses of crowd or anti-Bitcoin at his doorstep, support from BTC enthusiasts, and different levels of government lawsuit I believe Satoshi understand what will be at risk when he's planning to create BTC and for this, I admire him with the people that work with him on BTC.

The government lawsuit is most likely the one that will arrive at his door. The only thing that I can think of on the positive side is those bitcoin lovers who will be complementing him with his creation, and the others are negatives that can really affect him. It would be a disaster if we knew who Satoshi is for certain, and he has already predicted it, which is why he conceals his identity. Well, all of us here in the forum love him, and we thank him because of Bitcoin, which is very helpful to our finances and also our lives.

[AicecreaME]

He will eat death threats for his breakfast, lunch, dinner and might be dream of it when he sleeps at night, if he would fall asleep with those kind of stress he'll be having when he reveal himself in the public since the start. Greedy powerful individuals will be the top danger for him, because no one wants in the government for fiat to be overthrown by Bitcoin in the future.

I could never imagine Satoshi Nakamoto having a peaceful life if he did show himself in the public when he released Bitcoin.

[kryptqnick]

We have some examples of famous CEOs, so we can get the general idea of consequences, but there would have also been some differences for Satoshi.
Take Vitalik Buterin. He is a human being, a person you can see and read about. AFAIK, he still plays a decisive role in the development of Ethereum (choosing the direction, major changes and stuff), unlike the development of Bitcoin, which I believe is more decentralized and cooperative because the founder is not there and CEO of Bitcoin is not a thing. Also, as any person, he has opinions. For example, he opposes Russia in the Russo-Ukrainian war, which means people who support Russia are probably angry with him. He is also a very well-known figure, so he probably needs to be mindful of his surroundings, perhaps have a personal bodyguard and good security at home.
Satoshi can be expected to have faced similar matters: central role in development, opinions which some support and others oppose, security and publicity issues. On top of that, Satoshi, I believe, could face legal action because of being the first one who created a cryptocurrency and because of most certainly not paying taxes for their BTC. Plus, the publicity would be worse because Bitcoin is more popular that Ethereum and appeared earlier than Ethereum.

[NotATether]

He would have been probably dead because mainstream organizations would have played some dirty politics on him.
He would have been tortured by gangsters so that they can steal all his coins.
He would have been heavily criticized by people who lost their money in bitcoins.
The real world is cruel and there is no space for good people like Satoshi in this world.
I don't mean to harm anyone's feelings but the current society we live in isn't a place for good people.

We're getting a little philosophical here, but lets look at things from another angle.

The world & cyberspace as we know it is plagued with all kinds of scams, that makes people do things like quit websites or certain real-world services because of the similarity of those scams to those services.

But what if all that could be different? Like, you could walk around without worrying about some wolf in sheep's clothing attempt to scam you?

Right now, people are only scamming others because it's profitable. If the profit is taken out of the equation, everyone would run away with it because the only variable left would be the risk of jail time. And nobody wants to go to jail.

How do we take out the profits from scams? Using fines.

Governments fine people who have been caught scamming others, then the government returns the proceeds to its rightful owner. The scammers do not pay up or try to run away? They put them on an Interpol wanted list. That's how it should be working.

[Frankolala]

If Satoshi has made himself known,he will be forced to go against his will for creating bitcoin because the government will want to have total access over it. And if he refuses he will have his family kidnapped and put on hostage,also he will be arrested and tortured until he will accept their terms and conditions to control Bitcoin technology.

Satoshi will have been killed and Bitcoin will no longer be existing anymore,likewise this forum bitcointalk will no longer be active because users will be disappointed or will abandon the forum because the forum was made by Satoshi strictly for Bitcoin discussion. Bitcoin might even become a centralized system if he gives the government their demands.

[Yatsan]

Fame for sure, just like big names such as Vitalik, Elon Musk and the likes. I doubt he would face lawsuits because investments in this industry are not by force. Investors engage out of their own curiousity and also, Satoshi is not earning money from every downfall of the market value which makes it clearly not a scam; as most non-crypto users believe. As other users have mentione, there is a tendency for him to be criticized but that has nothing to do entirely with this industry. But I think hiding himself is an strategy(just a guess). Just look at other founders who are known. They are being criticized which affects the market value (sometimes) of the token. So if Satoshi won't be, then hiding lessen that tendency.

[rat03gopoh]

No idea, maybe bitcoin will fail like previous known-founder e-currencies. I think his actions have helped to perfect the decentralized entity he created.
All I can say is that he disappeared at the right time and in the right way. Almost no trace.

[YOSHIE]

What could have been his fate if he made himself known from the beginning?

If Satoshi has been known from the beginning or the public knows about the real Satoshi, from the first time Bitcoin was introduced until now, I believe Bitcoin is not as expensive and not as great as it is now, many people want to drop him after knowing all the secrets, about the creation of digital currency technology and Bitcoin.

You can take an example to the creators of Ethereum and BNB, how they are now, that's how Satoshi are today.

And later after Bitcoin is recognized?

Bitcoin is recognized by all elements including the government, it's just that they pretend not to recognize it and prestige, because Satoshi is smarter than them, all the leaders in this world do not want there to be people smarter than them, most likely killed or in prison for violations, based on their understanding.

For me it's better that Satoshi has never been discovered and known, that way crypto users are safer and calmer doing something about Bitcoin, without submitting to the government and so on.

[rby]

Apart from the security issues that people are emphasising, which I don't think will be as it is being said here. Meanwhile we know the creator of Ethereum and we know the likes of CZ and they are still alive.

I am of the opinion that if Satoshi decided not to be anonymous there would be many confusion in the bitcoin network. His influence would have caused big breach in decision and it would have led to many forkings in the bitcoin.

[pawanjain]

He would have been probably dead because mainstream organizations would have played some dirty politics on him.
He would have been tortured by gangsters so that they can steal all his coins.
He would have been heavily criticized by people who lost their money in bitcoins.
The real world is cruel and there is no space for good people like Satoshi in this world.
I don't mean to harm anyone's feelings but the current society we live in isn't a place for good people.

We're getting a little philosophical here, but lets look at things from another angle.

The world & cyberspace as we know it is plagued with all kinds of scams, that makes people do things like quit websites or certain real-world services because of the similarity of those scams to those services.

But what if all that could be different? Like, you could walk around without worrying about some wolf in sheep's clothing attempt to scam you?

Right now, people are only scamming others because it's profitable. If the profit is taken out of the equation, everyone would run away with it because the only variable left would be the risk of jail time. And nobody wants to go to jail.

How do we take out the profits from scams? Using fines.

Governments fine people who have been caught scamming others, then the government returns the proceeds to its rightful owner. The scammers do not pay up or try to run away? They put them on an Interpol wanted list. That's how it should be working.

You are being too positive here whereas in reality its quite the opposite. We already have fines implemented in our country and prison sentence as well.
But people are still scamming others and thieves are still stealing money from others.
The fact that the amount of reward is greater, motivates these people to execute more of these illicit activties.
If Satoshi was alive and had a public identity he would have been the primary target of these people.
They would kidnap him and steal his keys and probably murder him. It's good that he is anonymous.

[Getmon]

Digital money innovations before Bitcoin failed. Bitcoin would have failed also if Satoshi Nakamoto presented himself to the public. On the occasion that it gains a foothold and support, the whole financial system will not like its decentralized manner. Sponsored by the biggest corporations, law enforcement will do everything to crack it down. The whole personal life of Satoshi Nakamoto will be investigated up to the smallest object he owns. It is not hard for the CIA to blackmail Satoshi Nakamoto which will lead to Bitcoin's downfall. Whereas, Satoshi Nakamoto leaving and staying anonymous helped Bitcoin in sustaining its freedom and increased decentralization.

[Welsh]

If we look at Bitcoin's predecessors like David Chaum's eCash, Adam Back's Hashcash, Nick Szabo's Bit Gold, Wei Dai's B-Money, they're simply being treated as modern technological innovations and their inventors or developers, although trying to disrupt the system, are not really hunted down by whatever government agency.

No, but they aren't nearly as successful for a lack of a better term, since success can be measured in different ways, and I suspect many of these served as inspiration for Satoshi. Although, they didn't change things the way Bitcoin does, there's a few technical differences. Bitcoin allows you to be completely in charge of your own money, has a public ledger than can't be altered, and those alone pose threats to any business which relies on fiat currencies, including the government.

Eventually, they'll either adopt or ban. I think that's ultimately what will happen. Maybe, not a complete ban, but it'll be so regulated that it'll be almost like a ban. So, in relation to that, coming after the guys you mentioned doesn't really make sense since their ideas never took off in the way Bitcoin did. Satoshi, would definitely be a person of interest to many of the governments out there.

[Ale88]

I must say that I'm now a Bitcoin addict and an ardent fan/supporter of Satoshi Nakamoto and the good initiative Bitcoin technology has brought to the world. But there are these questions that have been ringing in my head day and night as I continue to be curious about this man/men that brought this revolution to the financial space.

I would like people to furnish me with their views even though I personally believe that he would have been haunted by the world governments at the initial stage.

What could have been his fate if he made himself known from the beginning? And later after Bitcoin is recognized?

In my opinion it's not only about the world governments because probably, at that time, they wouldn't even take his project seriously (just think telling someone "hey, there's a digital currency that wants to replace the US dollar, it sounds fun, doesn't it?) but about getting people's trust. If we knew who Satoshi was probably the story would have been different. Or at least that's my idea.

[teosanru]

I must say that I'm now a Bitcoin addict and an ardent fan/supporter of Satoshi Nakamoto and the good initiative Bitcoin technology has brought to the world. But there are these questions that have been ringing in my head day and night as I continue to be curious about this man/men that brought this revolution to the financial space.

I would like people to furnish me with their views even though I personally believe that he would have been haunted by the world governments at the initial stage.

What could have been his fate if he made himself known from the beginning? And later after Bitcoin is recognized?

Forget about fate i think people wouldn't have believed on bitcoin then. They would have always thought of it as a Ponzi scheme which is centralized as well because the owner of all of it would have been right in front of you. People would have always doubted the complete self operative blockchain idea. So ideally it's really good that he didn't disclose himself to the world.

[goldkingcoiner]

Satoshi would have probably faced the same fate as anyone who tried to free the people from the dominance of the western worlds central banks... Middle eastern countries know this best. Its a war on who controls the money and people have been murdered for that cause by our own governments. Thats really what we need to get away from. And this is what Satoshi has provided us. Whether he would have been taken out in revenge or as a poor attempt to stop Bitcoin, I am sure that he would not have been left in peace from Uncle Sam.

[AbuBhakar]

He will eat death threats for his breakfast, lunch, dinner and might be dream of it when he sleeps at night, if he would fall asleep with those kind of stress he'll be having when he reveal himself in the public since the start. Greedy powerful individuals will be the top danger for him, because no one wants in the government for fiat to be overthrown by Bitcoin in the future.

I could never imagine Satoshi Nakamoto having a peaceful life if he did show himself in the public when he released Bitcoin.

This what makes bitcoin more interesting, the idea that we don’t know who he is except by his name. Bitcoin being decentralized and adding the sense of him not being known makes people attracted to BTC more. There is mystery behind it that we wanted to see how long bitcoin can be and how much it can reach despite all the news. It’s a good decision to Satoshi to be unknown to still have life and not be threaten by people who might use him for their benefits.