What if Satoshi is eventually ID by the government

[joniboini]

A friend of mine was of the opinion that the government cannot put an end to Bitcoin because it unfortunately cannot be traced to a particular person or organization which could be sued for bringing about the currency or Blockchain.
If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise

Have you asked your friend the same question? What is his answer?

I believe what he's trying to say is quite different from what you understood when you say "if satoshi is identified as an organization". Sure, the government can sue him for whatever crime he commits, but he is disconnected from the network as an individual. Unlike other companies that run or control their own node, or do their business in which the value from their native tokens comes, putting satoshi in jail serves no purpose other than trying to scare the market.

Of course, they can expand the definition of criminal to miners, and so on, but they can simply move from one country to another, or even stay anonymous if needed. Not to mention the legal ground can be challenged by anyone, especially if the government starts being inconsistent with the law itself. I believe doing such things is also a waste of time and money for the government. They'd profit more by simply regulating the market and earning taxes from trades.

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[vv181]

No, Bitcoin development processes and ecosystem does not reliant upon hit creators or initiators. Supposing Satoshi identification know, no anyone can do anything with Bitcoin unless the community itself that gathers a consensus. In another hand, For Satoshi themselves, it might pose a threat or risk, whatever it is.

Bitcoin was built and designed to prevent a centralized entity from easily and effectively controlling its networks, not even Satoshi can do anything directly. Bitcoin communities are also strong enough not to be easily affected by any external factor that might harm Bitcoin.

[FatFork]

If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise

No, that is not correct. While it's true that Bitcoin is decentralized and difficult to shut down completely, it's not because it can't be traced to a single person or organization. It's because the network is made up of many nodes around the world, and it would be nearly impossible to shut them all down. Satoshi doesn't have any special control over the network. Even if Satoshi was identified, there's nothing that anyone could do to change the Bitcoin network unless the community as a whole (or at least the majority of miners and mining pools) agrees to it. And the community is strong enough to resist any external pressures. Bitcoin was designed to be decentralized and resistant to control by any single entity, and it has proven to be just that.

[Ale88]

A friend of mine was of the opinion that the government cannot put an end to Bitcoin because it unfortunately cannot be traced to a particular person or organization which could be sued for bringing about the currency or Blockchain.
If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise

Discovering Satoshi's identity could potentially be a problem for the crypto ecosystem because it would mean that, if alive, there is a person (or a group) owning a huge amount of bitcoins that could potentially kill its value even though it would be extremely stupid to sell such huge amount all together. For me one of the most important things about bitcoin is of course its decentralization, and knowing that someone still alive owns 1 mln coins would be a huge problem, I don't think I would trust the system anymore.

[nullama]

~snip~
Discovering Satoshi's identity could potentially be a problem for the crypto ecosystem because it would mean that, if alive, there is a person (or a group) owning a huge amount of bitcoins that could potentially kill its value even though it would be extremely stupid to sell such huge amount all together. For me one of the most important things about bitcoin is of course its decentralization, and knowing that someone still alive owns 1 mln coins would be a huge problem, I don't think I would trust the system anymore.

Back in the day anyone could simply CPU mine and get 50 BTC at every block.

It was common to have thousands of Bitcoins. They were worthless basically.

I don't think it would change anything if you know that a single person has a million BTC. In the world there are people with massive amounts of wealth and the world continues to operate normally.

[fullhdpixel]

No, Bitcoin development processes and ecosystem does not reliant upon hit creators or initiators. Supposing Satoshi identification know, no anyone can do anything with Bitcoin unless the community itself that gathers a consensus. In another hand, For Satoshi themselves, it might pose a threat or risk, whatever it is.

Bitcoin was built and designed to prevent a centralized entity from easily and effectively controlling its networks, not even Satoshi can do anything directly. Bitcoin communities are also strong enough not to be easily affected by any external factor that might harm Bitcoin.

Of course it does. Satoshi creates it so he is also the one that can destroy it. In other projects, they are dying because they are not being updated anymore. There are some who have been updated but it only messes up the project which results later on for the project to die.

Other people can't do anything with Bitcoin because it's not theirs and they don't know some things as Satoshi did. Maybe Satoshi is scared and what if his thoughts are true that someone will attack him if he showed up? That could be the reason why he hid himself from the public. The hunt for Satoshi is not new and up until now they still can't identify the guy so there is no need to worry about this matter.

[bettercrypto]

You know the truth is that until now no one knows if Satoshi Nakamoto is human or not, others believe that he is a person who can only disguise himself, or it can also be just his imagination, or an organization like that, until now it remains still really anonymous.

       And then all the governments around the world also know that they can't control bitcoin because of the blockchain that it has which is the reason why they can't control it at all. This is the truth that is hard to accept on the part of the U.S

[southerngentuk]

In terms of the identification of Satoshi, it is unclear whether this would pose a threat to the existence of Bitcoin. Satoshi has not been involved in the development of Bitcoin since 2010 and has left the project in the hands of the community. Therefore, it is unlikely that the identification of Satoshi would have a significant impact on the functioning of the Bitcoin network. In summary, while it is true that the decentralized nature of Bitcoin makes it difficult for governments to shut it down, it is not impossible to trace illegal activity on the blockchain. 

[panganib999]

I don't see how this could pose a threat to bitcoin. The man clearly separated himself from the cryptocurrency so whatever he does, it's not going to be affiliated with bitcoin anymore. Threat to his life or their families? I guess so too, of course with their identity being outed there will be multiple people that will be interested with the stash of bitcoins that they hold, and granted this could mean death threats, exploitation, and whatever criminal activity you could throw at the ballpark.

So if the government outs Satoshi, which I don't think they will or they can, but if they do, it will be one of the worst things they can commit against the law to promote Data Privacy, may even function as a collapse of the government too if things snowball fast and aggressively.

[mendace]

A friend of mine was of the opinion that the government cannot put an end to Bitcoin because it unfortunately cannot be traced to a particular person or organization which could be sued for bringing about the currency or Blockchain.
If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise

Your friend is wrong because it's not that they can't stop Bitcoin just because it can't be traced back to an identity, but they simply can't do it because Bitcoin is blameless otherwise we'd be talking about cars or pets in here.

[usekevin]

We don't know the exact Satoshi I'd card for now,only the people who knw about the sathoshi was not disclose who is the real person.My opinion is the sathoshi should be stay un identify by the government, So we can earn some money from tbe forum and from the crypto trading.If the real sathoshi found, their will possibility of bitcoin had a route and some international government try to destroy it.With my knowledge, you should secure the wallet because can be hacked by the unknown resources,Since you are new to the forum. Most of the forum member will like to know the Satoshi,but still it was the hidden one.

[Weezenhofnar]

The decentralized nature of Bitcoin means that it is not reliant on any one individual or entity, and its network and technology would continue to operate regardless of who Satoshi Nakamoto is.

[kryptqnick]

A friend of mine was of the opinion that the government cannot put an end to Bitcoin because it unfortunately cannot be traced to a particular person or organization which could be sued for bringing about the currency or Blockchain.
If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise

I don't think Bitcoin will be in trouble, but Satoshi might be expected to pay huge taxes (but that depends on a country) and there will probably be other lawsuits, not to mention being a big target for robbers and paparazzi. That's why I think Satoshi made a wise decision to remain anonymous, and I hope Satoshi is alive and well, enjoying the fame for his creation from a distance and being away from prying eyes.

[BitDane]

Discovering Satoshi's identity could potentially be a problem for the crypto ecosystem because it would mean that, if alive, there is a person (or a group) owning a huge amount of bitcoins that could potentially kill its value even though it would be extremely stupid to sell such huge amount all together. For me one of the most important things about bitcoin is of course its decentralization, and knowing that someone still alive owns 1 mln coins would be a huge problem, I don't think I would trust the system anymore.

Satoshi had long disconnected himself to the cryptocurrency industry.  The name is known because he created the first decentralized cryptocurrency but he was been missing in action for more than a decade.  I do not think that he has that influence on the cryptocurrency anymore nor give any huge impact on the industry if he is identified.

Bitcoin had been developing without Satoshi and obviously, the community and developer won't be shaken if one day Satoshi is identified, it will be a huge news yes but the Bitcoin economy had been long moved without Satoshi so I don't see any huge impact if in the future, Satoshi is identified and arrested due to his shady activities ( if ever there is any).

In case Satoshi move his coins and sell it on the market, it would be a good thing because the sold BTC will be spread out to different hands making the economy stronger.

[goldkingcoiner]

A friend of mine was of the opinion that the government cannot put an end to Bitcoin because it unfortunately cannot be traced to a particular person or organization which could be sued for bringing about the currency or Blockchain.
If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise

If Satoshi is ever doxxed or found by the government, then I believe that the government (egged on by the banks) will try to punish him out of revenge. Which will be very sad to watch happen but I am certain the Bitcoin community will show their discontent and try everything that they can in order to keep Satoshi out of harms way. But no matter who Satoshi is or what the government tries to do to him, Bitcoin is out of his hands and our of his control. So they cannot attack or manipulate Bitcoin by going through Satoshi. Of that I am 100 percent certain.  

[nullama]

~snip~
If Satoshi is ever doxxed or found by the government, then I believe that the government (egged on by the banks) will try to punish him out of revenge. Which will be very sad to watch happen but I am certain the Bitcoin community will show their discontent and try everything that they can in order to keep Satoshi out of harms way. But no matter who Satoshi is or what the government tries to do to him, Bitcoin is out of his hands and our of his control. So they cannot attack or manipulate Bitcoin by going through Satoshi. Of that I am 100 percent certain.  

I would be curious to know what would he be charged with?

Also, there are many other people that have created altcoins, and are still free, and without any consequences, because there's nothing wrong in creating a cryptocurrency.

As long as there's nothing illegal or dodgy about it, it should be fine, and Bitcoin is the most transparent thing ever.

I don't think Satoshi would be in danger legally. But who knows what could happen behind the scenes.

[vv181]

No, Bitcoin development processes and ecosystem does not reliant upon hit creators or initiators. Supposing Satoshi identification know, no anyone can do anything with Bitcoin unless the community itself that gathers a consensus. In another hand, For Satoshi themselves, it might pose a threat or risk, whatever it is.

Bitcoin was built and designed to prevent a centralized entity from easily and effectively controlling its networks, not even Satoshi can do anything directly. Bitcoin communities are also strong enough not to be easily affected by any external factor that might harm Bitcoin.

Of course it does. Satoshi creates it so he is also the one that can destroy it. In other projects, they are dying because they are not being updated anymore. There are some who have been updated but it only messes up the project which results later on for the project to die.

Other people can't do anything with Bitcoin because it's not theirs and they don't know some things as Satoshi did. Maybe Satoshi is scared and what if his thoughts are true that someone will attack him if he showed up? That could be the reason why he hid himself from the public. The hunt for Satoshi is not new and up until now they still can't identify the guy so there is no need to worry about this matter.

You are wrong on so many levels, I can't believe such kind of statement came from account such as yours.

Satoshi does not control Bitcoin, hence Satoshi can't destroy it. Other shitcoin/projects are not relevant here. Bitcoin development steps are going through rigorous processes, certainly, it will minimize errors. Bitcoin is fully transparent, its source code, the development process, the developer, anything you can name. There isn't any better that Satoshi hid that the communities are not aware of, everything can be understood.

The problem is, why did you believe such kind of idea is applicable to Bitcoin? That is nonsense.

[bluebit25]

If the announcement of Satoshi's identity happens at an unexpected time, it could cause drastic fluctuations in the price of Bitcoin and the cryptocurrency market in general. But the reality is that people have been trying to speculate about it for years, and it hasn't worked out yet.
And in fact what I am seeing is that the government is more and more accepting of blockchain or bitcoin, so it makes no sense to speculate on negative situations for me, let's live more optimistic and positive.

[CryptoHeadlineNews]

A friend of mine was of the opinion that the government cannot put an end to Bitcoin because it unfortunately cannot be traced to a particular person or organization which could be sued for bringing about the currency or Blockchain.
If this is true does it mean that the identification of Satoshi as a person or organization will pose a treat to the existence of Bitcoin or otherwise

Yes, that's exactly what would have happened to Satoshi Nakamoto only if had he or they made themselves known to the public as the official creator of Bitcoin. Bitcoin wouldn't have had this less control by government if they had known who Satoshi is, because just as your friend earlier said, he should have been sued to court or threaten long time ago immediately government noticed people now prefer depositing huge funds into Bitcoin rather than fiat where they have total control over the people's fund.

[dansus021]

Satoshi of course have an legal ID from the government but people don't really know the person is.

and even tho government really know about satoshi it wont change the bitcoin since now is decentralized and the bitcoin code maintain by the community. if gov really found him it just crazy after all