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Author Topic: Satoshi is Faceless  (Read 225 times)
Z390
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November 26, 2023, 11:20:51 AM
 #21

There is nothing you will invent that's value that will be free from criminal activities, it's near impossible, unless it's valueless, Bitcoin is decentralized, and for it to survive in a centralized country it depends on the people, if they choose to use and adopt it then it will survive, this is how Bitcoin made it this far.

If Bitcoin creator is known he would have been arrested for so long and even locked up or threaten too, if they want him or them to live they will have to abide by the law given to them by the centralised rulers, this is why the creator of Bitcoin is faceless, Centralized and Decentralized are both enemies that won't work along, do research on this part yourself.

Look at what is happening in the US right now, the hunger for power and control from Black rock and others have affected even Binance CEO ( CZ ), they don't want him probably because they can't control him, Binance is the biggest richest exchange, if it's a poor exchange they won't care much about it, they also want access to the exchange for vital information, like identities of the users.

Just imagine what will happen if Bitcoin maker is someone everyone knows, he is a very smart person that's why he prefer not to reveal himself or themselves, this is the only way decentralization can survive in a centralized world.

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btc78
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November 26, 2023, 11:24:44 AM
 #22

Satoshi is Faceless

It is of interest to know why the founder kept his identity unknown and remain faceless in a face of a culture changing invention.
Is He/She or are They afraid or Ashamed?


i don’t think that’s it

satoshi most likely knew that bitcoin will have a huge impact on our world and knew that it will benefit a lot of us tremendously

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So why is Satoshi Faceless?


like i said satoshi knew bitcoin’s impact and potential hence why i think satoshi decided to remain anonymous is because of privacy and security

i also believe that satoshi is just one person rather than a group
with more people knowing they created bitcoin, the higher chances that at least one of them will step out and take credit for what bitcoin is but seeing as there has been no one suggests that satoshi nakamoto is just one person who happens to be a genius and someone who really values his privacy and life

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November 26, 2023, 04:25:05 PM
 #23

Not having to deal with any lawsuits can be a major reason for Satoshi to hide true identity because an anonymous creator cannot face charges. In hindsight, it looks like it was a very wise decision, even if that wasn't the main consideration of Satoshi.
Other potential reasons might be untimely death, true devotion to decentralization (and thus not wanting to be at the centre of Bitcoin), high value of privacy (to avoid being followed by people from the media, being scrutinized and targeted, etc.). Whatever the reason is, I think we should respect it and should not try to find and out Satoshi.

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November 26, 2023, 08:55:27 PM
 #24

Satoshi is Faceless

So why is Satoshi Faceless? I leave it to conscious imagination of the did of men
Why is Satoshi faceless, or why is he not coming forward? I think this is pointless talk. Just understand about Satoshi that he was a good person who was sent by God to serve our humanity. It was just Satoshi's job to create technology like Bitcoin, and our job is to benefit from this technology.

And in any case, if Satoshi Nakamoto appeared now, what would be the benefit instead of the disadvantages, because if there was Satoshi in the present era, the first agency and investigating agency would have caught him and given him a reward for this service, because the whole world By removing companies and big institutions, Bitcoin stamped its mark on the financial standard, which can only be a bad thing for all these institutions.

These redundant banking systems and institutions didn't leave Satoshi alive because they knew their systems were not capable of competing with the Bitcoin invented by Satoshi. And if Satoshi Nakamoto lived, all this would happen to him as well as to Bitcoin, i.e., ready to accept etc. They say Bitcoin is a good thing, but the whole public hates a good thing to their own little detriment.

I think it's good that Satoshi hasn't revealed his identity yet, if not to leave the institution, the banks, and the followers of the controversial currency alive unscathed in the field of finance over his defeat.

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RioBlemz (OP)
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November 27, 2023, 02:48:33 PM
 #25

There is a statue of Satoshi somewhere in Budapest and it’s basically a mirrored statue so when you look at it you see yourself. Because you are Satoshi, we are all satoshi pretty much.

It’s a currency created by the people, Mined by the people and spent by the people. Hence why his disappearance is very important.

So that’s why you can’t say Bitcoin is the same as Ethereum where the founder is known. Hence it is faceless.

I welcome your perspective to this point of discuss. As you said Satoshi is you and I. However, having a face or an identity attached gives a unique value to any commodity, asset etc. It is a full subject of study on branding and finance worth. On the neutral the identity of Ethereum founder Vitalik Buterin gave a good head start for it and possibly made people to invest in its project.

I think Satoshi unknown identity has made its mark known and has secured a lot of advantages for Bitcoin.
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