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Author Topic: What could have Satoshi faced if he made himself known from the beginning  (Read 1057 times)
doomloop
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January 12, 2023, 07:11:58 PM
 #61

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. 
I am with you on this and the country it started from matters. There are countries that are not democratic, and once they see him as a threat, they might eliminate him before people start knowing what Bitcoin is. We only appreciate it today because it overcame all hurdles, and if Satoshi is seen now, nothing would be done to him again, but he must beware of the countries where crypto is banned.
This seems brutal but it's possible since his invention is something that can affect other businesses. Maybe this is the reason why he prefer to be anonymous even until now where there are now lots of cryptos but the focus of those haters/killers can be locked only at him since he started it all. I remember there are people who claims to be Satoshi Nakamoto.

These people must be brave and they didn't know what can possibly happen to them. Good thing they are still alive but that's because the haters/killers know that they are also fake as the world isn't totally convinced if they are really Satoshi. Until now there are still people who are hoping that Satoshi will appear one day. I think these people aren't thinking about the consequences that could happen with the guy or to his invention.

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January 12, 2023, 08:37:29 PM
 #62

What could have been his fate if he made himself known from the beginning? And later after Bitcoin is recognized?
If Satoshi had revealed himself, he would be among the world's most influential and wealthy individuals. holding 5% of the entire supply of bitcoin. He would have enormous political sway and absolute control over all of the developments that have affected bitcoin since his absence. One of the founding concepts of bitcoin, as stated in its white paper, will be broken if Satoshi reappears. The decentralized nature of the currency would be threatened if the creator's identity was revealed. So, it is highly likely that Satoshi will stay under the radar unless he intentionally wishes to destroy his own project.
However if he reappeared he will become a target for governments to attack and it is likely they will try to blame him for the crimes some people commit by using bitcoin, it seems to me Satoshi was aware of this possibility and it is the reason he hid his identity from the world, a smart move if you ask me as I would not put it above politicians to try to incarcerate Satoshi to send a message to all of those people that may like to change the status quo and intimidate them that way.
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January 12, 2023, 10:02:34 PM
 #63

What could have been his fate if he made himself known from the beginning? And later after Bitcoin is recognized?
If Satoshi had revealed himself, he would be among the world's most influential and wealthy individuals. holding 5% of the entire supply of bitcoin. He would have enormous political sway and absolute control over all of the developments that have affected bitcoin since his absence. One of the founding concepts of bitcoin, as stated in its white paper, will be broken if Satoshi reappears. The decentralized nature of the currency would be threatened if the creator's identity was revealed. So, it is highly likely that Satoshi will stay under the radar unless he intentionally wishes to destroy his own project.
However if he reappeared he will become a target for governments to attack and it is likely they will try to blame him for the crimes some people commit by using bitcoin, it seems to me Satoshi was aware of this possibility and it is the reason he hid his identity from the world, a smart move if you ask me as I would not put it above politicians to try to incarcerate Satoshi to send a message to all of those people that may like to change the status quo and intimidate them that way.
For a healthy development the governments should try to make use of his ability, but the governments won't be doing it. They'll keep their focus over satoshi and point him for anything that is happening through the market. What he have done is the best part of his innovation, hiding his identity. If not, maybe the network might've got collapsed. Governments never thought of such level of growth from bitcoin, which is also a reason why they never looked for Satoshi at the beginning days.

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January 13, 2023, 03:24:23 AM
 #64

I agree. he did it not only for his own sake, but also for the sake of the cryptocurrency industry that he helped create
From my previous opinion, I hope that we don't have negative thoughts about Satoshi, because after all, it's for his own good and for the sake of the crypto industry that we are or can use until now.


Yes, otherwise bitcoin might not be the success it has become along the years, because investors would see the digital currency as a mean Satoshi used to gain popularity, notoriety and become a global celebrity for personal financial and status purposes, similar to what Craig Wright attempted to do when revealed to be the real identity of Satoshi Nakamoto.

I think Satoshi knew that he being known would be detrimental to bitcoin and the whole cryptocurrencies' ecosystem, so he remained anonymous. He made sure his acts would sound louder than the weight of the person behind them. And this strategy worked nicely.
Because in fact we also don't know what his real purpose is. If it's for his own safety and for the continuation of the crypto industry, that's clear for sure.
But there are still other goals that we don't know about Satoshi himself.
If only for wealth it is also impossible because he owns and still keeps his own Bitcoin in his personal wallet even during the bull market last year to make Bitcoin create the highest Ath Satoshi did not sell the Bitcoin he owned at all.
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January 13, 2023, 01:45:17 PM
 #65

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?

If Satoshi's identity was found from the very beginning (or at least he made himself public), Bitcoin wouldn't had been able to sustain itself for long. Governments would prosecute Satoshi for creating an alternative monetary system that patronizes money laundering, tax evasion, among other sorts of things. He would be considered an "enemy of the state" , possibly leading towards his execution in the long run. BTC would've been declared illegal from the start, stifling away its opportunity to grow into a massive force as it is right now. We wouldn't had the innovations we have today (Web 3.0, NFTs, ZK-Proofs, etc), if BTC (and its founder) was stopped in its early days.

I think Satoshi knew the consequences of launching a digital currency beforehand, so he decided to remain anonymous until today. He did it to protect BTC from evil governments and central banks alike. If only other projects' founders copied Satoshi, they would've been completely censorship-resistant to this date. Coins like Ethereum, Cardano, and even Polkadot have publicly-known founders, so I wouldn't be surprised if sometime in the future, they get scrutinized by mainstream governments. Who knows if BTC ends up being "the only kid in town"? Just my opinion Smiley

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January 13, 2023, 07:55:56 PM
 #66

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?
He could be facing his own spotlight, or he could end up in depression since bitcoin haters might personally attack him. But either way, maybe for me it’s best that his identity remain uncertain because that will protect him and his family from people’s pressures. And even if he show up when bitcoin is already popular, that won’t create changes anymore, bitcoin is already established and it’s popularity is now inevitable.

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January 13, 2023, 08:31:24 PM
 #67

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

The best decision and step he had taken in this life to make himself anonymous most be one of the best he’ll forever be proud of himself for. If he was to be known, I doubt bitcoin existence will still be here or will have gain much development and adoption in today’s world. The government are insane when it comes to competing with them with something they don’t have control over or can dictate on.

He made himself anonymous till today, but we can still see how they’re threatening the existence of bitcoin till today. Bitcoin wouldn’t have survived this long or getting to this point if he was known. I’m in full support of him been anonymous and he should remain so in the hidden for longer time to come.

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January 13, 2023, 09:28:20 PM
 #68

His/their secret identity is the key source for BTC to become what it is now today. IF......... If the identity was revealed in the beginning of BTC, then the whole story might have been something else entirely.
Public harassment in the time of previous price dumps. Government issue, what we still face. Other people wanting to take over the system, thus life threat. And God knows what else.
I still believe that the secret should keep remaining secret. It was the best move by Satoshi to see his creation grow. Maybe he's among us watching this post, or maybe not. But we are happy for his existence and his creation.
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January 13, 2023, 09:51:11 PM
 #69

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?
He could be facing his own spotlight, or he could end up in depression since bitcoin haters might personally attack him. But either way, maybe for me it’s best that his identity remain uncertain because that will protect him and his family from people’s pressures. And even if he show up when bitcoin is already popular, that won’t create changes anymore, bitcoin is already established and it’s popularity is now inevitable.
Probably, he will face a lot of accusations coming from the government and he might be arrested as well as he is contradicting the nature of fiat currency, that is when you go against the government, automatically you are opposing the law. So it’s really a good decision not to let himself become known especially that bitcoin today is gaining more attention than fiat currency, so just imagine how the government will react to that. But luckily, they have no one to blame as Satoshi until today remains a mystery.
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January 13, 2023, 10:02:41 PM
 #70

I honestly never know what Satoshi thought about his privacy in bitcoin's early years [when bitcoin was not yet valuable]. We're only speculating about him right now, but he's too smart to keep that up until now. Whether he was male or female, we never really knew until recently.

Making himself famous only put him in danger, but I don't think Satoshi really thought about it in the first place, but quickly changed after bitcoin was in huge demand. Of course this is just my opinion, no need to argue because I'm just a bit logical.

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January 13, 2023, 10:59:48 PM
 #71

I honestly never know what Satoshi thought about his privacy in bitcoin's early years [when bitcoin was not yet valuable]. We're only speculating about him right now, but he's too smart to keep that up until now. Whether he was male or female, we never really knew until recently.

Making himself famous only put him in danger, but I don't think Satoshi really thought about it in the first place, but quickly changed after bitcoin was in huge demand. Of course this is just my opinion, no need to argue because I'm just a bit logical.
This is the fact that could've happened if he have revealed his identity. As mentioned when bitcoin hasn't got any value there were not much of discussion regarding him. When the market began to experience transition things begun to change. Revealing his identity would be danger as well as he will be threatened to send bitcoins. So, let him stay hidden forever enjoying the technology innovated by him.

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January 15, 2023, 11:37:00 PM
 #72

His/their secret identity is the key source for BTC to become what it is now today. IF......... If the identity was revealed in the beginning of BTC, then the whole story might have been something else entirely.
Public harassment in the time of previous price dumps. Government issue, what we still face. Other people wanting to take over the system, thus life threat. And God knows what else.
I still believe that the secret should keep remaining secret. It was the best move by Satoshi to see his creation grow. Maybe he's among us watching this post, or maybe not. But we are happy for his existence and his creation.

I can't understand why Ethereum or any other project would want to reveal their creators'/developers' identities to the public, especially when they aim to achieve decentralization and censorship-resistance. They might be doing this to help attract investors, but the ends don't justify the means. I'd prefer a cryptocurrency that was created by an unknown person, even if it gets flagged as a scam by mainstream governments and other entities. This way, I can feel confident the crypto I've invested into won't easily go away due to government prosecution.

It seems to me that only Bitcoin will remain censorship-resistant, thanks to Satoshi's efforts to protect his personal identity. I wouldn't be surprised if someday mainstream governments go after Vitalik Buterin with the excuse that ETH is being used for terrorist financing, money laundering, among other sorts of things. Satoshi knew what would've waited him if he decided to disclose his identity in the first place. He disappeared in 2011, yet BTC is as bigger and stronger than ever. With governments increasing regulatory pressure, expect things to get worse for the crypto industry in the future. Just my thoughts Grin

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January 16, 2023, 04:59:42 PM
 #73

His/their secret identity is the key source for BTC to become what it is now today. IF......... If the identity was revealed in the beginning of BTC, then the whole story might have been something else entirely.
Public harassment in the time of previous price dumps. Government issue, what we still face. Other people wanting to take over the system, thus life threat. And God knows what else.
I still believe that the secret should keep remaining secret. It was the best move by Satoshi to see his creation grow. Maybe he's among us watching this post, or maybe not. But we are happy for his existence and his creation.

I can't understand why Ethereum or any other project would want to reveal their creators'/developers' identities to the public, especially when they aim to achieve decentralization and censorship-resistance. They might be doing this to help attract investors, but the ends don't justify the means. I'd prefer a cryptocurrency that was created by an unknown person, even if it gets flagged as a scam by mainstream governments and other entities. This way, I can feel confident the crypto I've invested into won't easily go away due to government prosecution.

It seems to me that only Bitcoin will remain censorship-resistant, thanks to Satoshi's efforts to protect his personal identity. I wouldn't be surprised if someday mainstream governments go after Vitalik Buterin with the excuse that ETH is being used for terrorist financing, money laundering, among other sorts of things. Satoshi knew what would've waited him if he decided to disclose his identity in the first place. He disappeared in 2011, yet BTC is as bigger and stronger than ever. With governments increasing regulatory pressure, expect things to get worse for the crypto industry in the future. Just my thoughts Grin

I have seen many countries banning BTC due to some legal reason or not any reason at all. They are just banning it like it's a new trend. The list of banned countries includes - Algeria, Bolivia, Bangladesh, china, Colombia, Egypt, Indonesia, Ghana, Iran, India, Iraq, Kosovo, Mexico, Nepal, North Macedonia, Russia, Turkey & Vietnam. Some days ago I saw news about Russia legalizing crypto payments. I am wondering, these included countries who have banned crypto, what will they do if the whole world except for them adapt to crypto? Their mind is like those investors who will only enter the market when the price is high, and they think the market will go much higher and when the market goes down, all they can do is cry about it.

While the world progresses towards the future, all of those countries will be stuck in the past and won't be able to do anything because it will be too late.
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January 16, 2023, 08:27:07 PM
 #74

I can answer your question exactly but I don't want to answer now, but what I can say it, you will know it latter. There is story about your question. The story is very much classified. It is an extra ordinary story of Bitcoin invention and its launching and market developing. No one really care for your question because each one you are very much self centred greedy Gremlins. Gremlins are always Bitcoin Gremlins, they do not have human heart to understand your question.

Are you human or a joking Gremlin ?  Who loves build up their own Creamlin, with my stolen Bitcoin, no one really care except for their personal greed and ego. Thinking they will take the hoarded bitoins in heaven. Why can't you leave Satoshi alone ?


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January 16, 2023, 11:35:21 PM
 #75

Satoshi would've been under house arrest, if he had revealed his identity. Every government want to make money and have control over the people's money. Bitcoin is all about decentralised functioning, but the governments never realise it and try to have control over it. Satoshi hiding himself from the outer world clearly shows his innovative mind, because he have well predicted the future and took the decision earlier.

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January 17, 2023, 05:46:04 AM
 #76

I can answer your question exactly but I don't want to answer now, but what I can say it, you will know it latter. There is story about your question. The story is very much classified. It is an extra ordinary story of Bitcoin invention and its launching and market developing. No one really care for your question because each one you are very much self centred greedy Gremlins. Gremlins are always Bitcoin Gremlins, they do not have human heart to understand your question.

Are you human or a joking Gremlin ?  Who loves build up their own Creamlin, with my stolen Bitcoin, no one really care except for their personal greed and ego. Thinking they will take the hoarded bitoins in heaven. Why can't you leave Satoshi alone ?


I think this MF is a zombie, Satoshi came back to life as a zombie, I'm telling ya.🤣
Guess you lost your english skills ever since resurrection, what is gremlin and what is a creamlin? Don't worry man, you/Satoshi don't need to face anything, just take your pills and leave this to us.

🖤😏
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January 18, 2023, 01:15:11 PM
 #77

I have seen many countries banning BTC due to some legal reason or not any reason at all. They are just banning it like it's a new trend. The list of banned countries includes - Algeria, Bolivia, Bangladesh, china, Colombia, Egypt, Indonesia, Ghana, Iran, India, Iraq, Kosovo, Mexico, Nepal, North Macedonia, Russia, Turkey & Vietnam. Some days ago I saw news about Russia legalizing crypto payments. I am wondering, these included countries who have banned crypto, what will they do if the whole world except for them adapt to crypto? Their mind is like those investors who will only enter the market when the price is high, and they think the market will go much higher and when the market goes down, all they can do is cry about it.

While the world progresses towards the future, all of those countries will be stuck in the past and won't be able to do anything because it will be too late.

I think the countries you've mentioned ban Bitcoin because they really don't want people using it. Some say they're doing this to help prevent Russia circumvent sanctions. But we all know their hidden intentions. It's all about power/control.

Thank goodness Satoshi never disclosed his identity in the first place, or we would've never had the chance to experience true financial freedom today. Governments would've probably put him in jail or even kill him for creating an alternative monetary system that's outside of their control. If they're now prosecuting developers of decentralized mixing protocols (consider what happened with Tornado.Cash), imagine what they will do next. It's likely they will go after crypto projects' founders whose identities are widely-known by the public. At least, we can rest assured that Bitcoin won't be going anywhere because there's no person to go after. Don't expect Satoshi to reveal his identity anytime soon, especially when governments are becoming more aggressive against Bitcoin. Who knows if BTC ultimately defeats Fiat for good? Just my opinion Smiley

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January 18, 2023, 04:56:50 PM
 #78

Don't expect Satoshi to reveal his identity anytime soon, especially when governments are becoming more aggressive against Bitcoin. Who knows if BTC ultimately defeats Fiat for good? Just my opinion Smiley
This is for the best for Bitcoin from my opinion. As long as the identity of Satoshi remains a mystery, Bitcoin is safe. No one will be able to find the creator and can't harm it from anywhere. Even if Satoshi comes out now, that won't make any difference. We will protect Bitcoin by our power. I don't want to know who Satoshi is, but I am grateful for what he left for us. Let's be happy with this. Good day will come for sure one day.
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January 18, 2023, 09:04:33 PM
 #79

This might be answered by past history where american politicians and others have requested big tech corporations like apple to change encryption standards on iphones to make it easier for law enforcement to gain access to locked phones of suspects under investigation.

Had Satoshi been known, he would have been visited by intelligence agencies of the world. Who would request that he code a backdoor into bitcoin. Or use an intelligence agency approved encryption cipher. I would guess the tone of the conversation would go something like that. Satoshi would either agree or decline. And who knows what would happen afterwards.

It is possible that the details of David Kleiman's unfortunate passing (R.I.P.) where his body was found in a wheelchair with a trail of blood stemming from illness and infection with a loaded pistol nearby. It might represent the way that the real Satoshi left this world.

Tragic end for someone who won't give in to the government. RIP. This is the most possible way and it's why Greenpeace was requesting to change the code of BTC. Stories like these have been happening even in the time of Nichola Tesla who has a different view of the world to distributing electricity for free.

Disappearing without a trace and losing businesses to mysterious death can happen to Satoshi and usually, the cover-up is far worse.


True, this is the most probable reason why Satshi did not expose himself, as we know this Bitcoin is being opposed by the Global Elite and definitely people who are against the global elites and affect human perception of the products created by the global elites or are not in line with them would be annihilated, his consideration of not exposing himself was the smartest thing to do.
And maybe also when he exposes himself then there is no such thing as decentralization and anonymity for the transactions that are carried out.

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January 18, 2023, 09:17:51 PM
 #80

Don't expect Satoshi to reveal his identity anytime soon, especially when governments are becoming more aggressive against Bitcoin. Who knows if BTC ultimately defeats Fiat for good? Just my opinion Smiley
This is for the best for Bitcoin from my opinion. As long as the identity of Satoshi remains a mystery, Bitcoin is safe. No one will be able to find the creator and can't harm it from anywhere. Even if Satoshi comes out now, that won't make any difference. We will protect Bitcoin by our power. I don't want to know who Satoshi is, but I am grateful for what he left for us. Let's be happy with this. Good day will come for sure one day.
If Satoshi was known then there's no doubt that Government would really be trying out their best to get a hold of him and trying to convince or even force him out to stop on what he had created.
It is really that no brainer on what they would do or even kill satoshi to break down the morale of Bitcoin supporters but pretty sure it wont really be that something simple to happen.
It is really good to have on this way on which he decided to remain that anonymous and never tend to come out on the shadows.

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