Will it have positive/negative on bitcoin development?

[Kliss]

I was reading an article this morning and I saw on it, there is an ongoing legal battle between a computer scientist Craig Wright claiming to gain control of the intellectual property behind the digital currency bitcoin.
Source
I'm having these thoughts  because since the creation of Bitcoin, Bitcoin has recorded massive and rapid growth since it's developement. The developer, developed it and made his identity unknown. However, what will be the impact ( positive/ negative) on Bitcoin if the developer of the decentralised cryptocurrency bitcoin is known.

[1714241942]

1714241942

[1714241942]

1714241942

[seoincorporation]

I was reading an article this morning and I saw on it, there is an ongoing legal battle between a computer scientist Craig Wright claiming to gain control of the intellectual property behind the digital currency bitcoin.
Source
I'm having these thoughts  because since the creation of Bitcoin, Bitcoin has recorded massive and rapid growth since it's developement. The developer, developed it and made his identity unknown. However, what will be the impact ( positive/ negative) on Bitcoin if the developer of the decentralised cryptocurrency bitcoin is known.

As you know, bitcoin is an open-source project, which means a lot of developers are involved, anyone who can make the code better will do it. But what Craig is trying to do is to steal the ownership of the code, and if that happens it would be terrible for the code and for the community. As the owner of the main code, he would try to issue anyone involved in the development... Exchanges and other services will have to pay for using the word Bitcoin, and it will be madness.

Just to be clear, he is not Satoshi, he is just trying to steal the ownership of Bitcoin to fuck up the project and the community.

[The Cryptovator]

Anyone who claims to be Satoshi Nakamoto without proof is just a joke. A few people claimed yet to be Satoshi Nakamoto, and eventually they failed to prove it. Most likely, there will be a negative impact if Satoshi Nakamoto discloses himself. He might be arrested, and Bitcoin would collapse. Though Bitcoin code is open source and decentralised, the real creator could influence it if he wanted, which would have an effect like centralization.

[Ambatman]

Craig Wright has been going for ages
That the court is already considering him a joke
I think the hearing to provide real and valid evidence ends this November 13th.

There would be a dip
Now this dip is going to come from people that don't know that Satoshi doesn't have any control over the blockchain except is mined coins.
And if satoshi is Craig
It would have a lesser effect since he said he is private keys to satoshi Bitcoin wallet (I call bullshit).

But what Craig is trying to do is to steal the ownership of the code, and if that happens it would be terrible for the code and for the community. As the owner of the main code, he would try to issue anyone involved in the development... Exchanges and other services will have to pay for using the word Bitcoin, and it will be madness.

I don't understand what you mean.
If more than 51% doesn't accept any update, it would just be noise.
Sue any person that develops it? It's open source,  he wouldn't be stupid to destroy one of the attraction of Bitcoin and do you think the Government would allow such power in a single man?  

He might be arrested, and Bitcoin would collapse. Though Bitcoin code is open source and decentralised, the real creator could influence it if he wanted, which would have an effect like centralization.

How can Bitcoin collapse if satoshi is arrested?
Bitcoin is doing well without his presence
The news would affect the price for sometime but it would recover and move on.
satoshi can't fully influence it, If there is no acceptance to the changes in this source code it would end up like a fork. Bitcoin can only be centralized if 51% of hashpower is with a single body.  If satoshi want to centralized Bitcoin it most be accepted by this said percent and I doubt the community would.
Imo So Satoshi appearance doesn't really have any significant effect on Bitcoin.
 

[btc78]

One thing you have to know is that Craig Wright is NOT Satoshi. Satoshi might reveal himself someday but I do not think it will happen anytime soon especially he has gone this long without revealing his true identity.

Craig Wright has manipulated documents to appear as if he is Satoshi but he is simply inconsistent with his lies that I am sure the court will see right through him.

To be honest, I think if Satoshi were to ever reveal himself, it might have a positive impact on the market itself. Since the founder is known, most people might put their trust into bitcoin more hence the increase in price.

Satoshi’s identity is a mystery and it will stay that way for many years to come.

[The Cryptovator]

How can Bitcoin collapse if satoshi is arrested?
Bitcoin is doing well without his presence and satoshi can't fully influence it, If there is no acceptance to the changes in this source code it would end up like a fork.

It's pretty simple: the community would be broken when Satoshi arrest for some reasons. As a result, Bitcoin would collapse. I am not saying it will vanish, but that will impact Bitcoin massively. Let's say Satoshi just revealed himself and will not be arrested. Then he can influence Bitcoin directly. Imagine that Elon isn't Doge's creator, but he can influence Doge. So Satoshi is more powerful than Elon. It will definitely impact Bitcoin based on the Satoshi Movement.

[foggyb]

I remember Craig Wright from the early days (2011 onwards). He came across as a sketchy character, and my gut feeling was that he wasn't to be trusted. The claims that he fabricated documents to prove he was Satoshi do not surprise me at all.

Normal people don't do what he does. I think he needs professional help. Just my personal opinion, I am not a mental health specialist.

[Upgrade00]

There is a forum thread where you can get unbiased updates from forum members. Craig Wright has been going on for years with his baseless arguments that he is satoshi and he invented Bitcoin. He has not been able to provide any single evidence to back up his claim for a network that is public.
Hopefully at the end of this case he is restrained from making the claims that he is satoshi or that he created Bitcoin.

If more than 51% doesn't accept any update, it would just be noise.

He could try to use a legal injunction to get the devs to Grant him access to the bitcoins that are suggested to be owned by Satoshi. I don't think he would succeed would that even if the court accepts his claim.

[CryptoHeadlineNews]

However, what will be the impact ( positive/ negative) on Bitcoin if the developer of the decentralised cryptocurrency bitcoin is known.

This is not the first time we have had issues of Craig Wright claiming to be the sole creator of Bitcoin, in the person of Satoshi Nakamoto, and I'm sure this will definitely not be his last, as from the look of things, it shows how desperate Mr. Craig Wright is just to take full control over Bitcoin, but I'm happy to see how COPA and it's team of core developers taking drastic step so as to stop Craig Wright ever having full control over Bitcoin, as if such is done, than that will be the starting of the fall of Bitcoin.  Hence, I'm wishing the COPA team good luck as the case continues for the next 5 weeks

[Stalker22]

It's pretty simple: the community would be broken when Satoshi arrest for some reasons. As a result, Bitcoin would collapse.
~

Thats a rather far-fetched theory. First, why would Satoshi be arrested in the first place? Do you suspect any illegal activity on his part? If so, then Bitcoin would have been illegal a long time ago, but it clearly is not.

[usekevin]

Anyone who claims to be Satoshi Nakamoto without proof is just a joke. A few people claimed yet to be Satoshi Nakamoto, and eventually they failed to prove it. Most likely, there will be a negative impact if Satoshi Nakamoto discloses himself. He might be arrested, and Bitcoin would collapse. Though Bitcoin code is open source and decentralised, the real creator could influence it if he wanted, which would have an effect like centralization.

The Sathoshi can’t share his real identity because he get more pressure after the identity was revealed.Many hackers are waiting to get the money which is the bitcoin from the alley of Sathoshi.So he doesn’t share his real id to anyone,but he live the peaceful live without any money demand.Because the money demand is huge in the current economy but the Satoshi will live the free life because of holding bitcoin in their wallet.The Sathoshi can able to run the separate government with the holding bitcoin because he had the bitcoin which has huge demand in the current market.So exchange of bitcoin to Usdt is easy now.

[Davidvictorson]

I was reading an article this morning and I saw on it, there is an ongoing legal battle between a computer scientist Craig Wright claiming to gain control of the intellectual property behind the digital currency bitcoin.
Source
I'm having these thoughts  because since the creation of Bitcoin, Bitcoin has recorded massive and rapid growth since it's developement. The developer, developed it and made his identity unknown.

In all of Mr Wright's ramblings, I have never quite found him provide straightforward answers to direct questions thrown at him, such as why not move the original BTC to show he owns the earliest tokens. At least if he is able to move less than a dollar from the Satoshi wallet to prove he has control of it we may just them likely start to believe that he is possibly, the true founder. The things he states also don’t jive with the founding white paper in tone or ideology.  This man is just a narcissistic con man.

[tabas]

If the real satoshi is here, he'd just stomped CSW out of nowhere proving that he's a clown and a joke. People knew about that the developer/s is satoshi nakamoto as referred to himself/herself/themselves. There's no impact anymore if someone claims to be the creator of Bitcoin because there's no proof from those people that they're the real and outright developer. They can't even sign a message from the wallet that Satoshi holds those bunch of Bitcoins so why waste that energy into these clowns?

[cryptomaniac_xxx]

I was reading an article this morning and I saw on it, there is an ongoing legal battle between a computer scientist Craig Wright claiming to gain control of the intellectual property behind the digital currency bitcoin.
Source
I'm having these thoughts  because since the creation of Bitcoin, Bitcoin has recorded massive and rapid growth since it's developement. The developer, developed it and made his identity unknown. However, what will be the impact ( positive/ negative) on Bitcoin if the developer of the decentralised cryptocurrency bitcoin is known.

If you want to follow the court case, this is a good thread to check out: Updates from the COPA v Craig Wright trial.

And it will remain like that, Satoshi will be anonymous.

Those who claim to be Satoshi is obviously fake, like Craig Wright. And we are no longer interested on his antics as he has nothing to prove to us, to be honest. So if I'm in your shoes, don't be bothered by it. Bitcoin developer is not going to be affected by it.

[Marvelman]

Craig Wright's been claiming for ages now that he's the man behind Bitcoin, yet he still can't back it up.  Youd think that if you started something as huge and public as Bitcoin, you could easily prove you did it.  Seems like the guy just craves attention whether its good or bad.  He'll probably keep on making noise about being the mastermind behind the first cryptocurrency no matter what happens.  Some people never change.

[Assface16678]

Maybe one reason why the developer or the founder of bitcoin didn't go public is to avoid conflict. Imagine you are known, and the creation you made becomes popular and in demand. I'm sure many people will take advantage of that and might bother the creators and founders, especially the government. I'm sure they will take legal action in order to take down bitcoin. That's how they will find their way to control bitcoin. So being anonymous and mysterious is the good thing that the creators and founder of bitcoin did, and it also serves as their security so they can still live peacefully. Yes, you can be popular if you decide to be known, but will you exchange your freedom and peaceful life just for popularity? I think maybe there's some, but for a sane and futuristic person, they will choose a peaceful life where they can do what they want.

[Bitcoin_Arena]

The Bitcoin network is now too big for an individual. So whatever Craig tried to do, it won't have any negative impact on the development of Bitcoin. He tried to create his shitcoin through a hard fork, but today, people have almost forgotten about it.

He has failed to do the much need proof, which most Bitcoiners would agree to. Signing A bitcoin message from one of those early addresses holding the coins Satoshi mined. Why would we waste time worrying about a scammer and sketcher?

[pooya87]

~an ongoing legal battle between a computer scientist Craig Wright ~
~what will be the impact ( positive/ negative) on Bitcoin if the developer of the decentralised cryptocurrency bitcoin is known.

First it has to be clarified that these two are entirely different matters.

Craig Wright is a known scammer who has been trying to fool people into believing he is the real Satoshi Nakamoto (the creator of Bitcoin) for a long time and he is abusing the legal system to give his scam legitimacy. This don't really affect Bitcoin although it can put pressure on anything that has any traces of centralization. For example we saw how this scammer forced the owner of a centralized website called bitcoin.org to remove bitcoin whitepaper for people who connect to the site from a UK IP address.
He will continue abusing the legal system and will continue attacking others including developers.

The other matter is about the real creator of Bitcoin being known. It wouldn't change anything at all. It would just quench our curiosity about his identity and will answer a lot of our questions. However, Bitcoin will remain decentralized as before and everything continues as before too.
The only negative consequence I can think of is some newbies panic selling imagining Satoshi has a huge stash and imagining he would dump it!

[Marvelman]

The other matter is about the real creator of Bitcoin being known. It wouldn't change anything at all. It would just quench our curiosity about his identity and will answer a lot of our questions. However, Bitcoin will remain decentralized as before and everything continues as before too.
The only negative consequence I can think of is some newbies panic selling imagining Satoshi has a huge stash and imagining he would dump it!

Yes, I agree with you. Bitcoin is too big now to be influenced by just one person, even Satoshi himself!

The only thing I don't understand is why some insinuate that Satoshi would be arrested now, if his identity were known to the public. Why would he be arrested? And, by whom?

[Volimack]

As far as I'm concerned, Satoshi's revelations remain secret bitcoin is on the rise. Bitcoin is decentralized and it is illegal to use it as it has not yet been fully validated so the revelation of Satoshi's identity will have a negative impact on bitcoin. It is very difficult to find out the owner of the bitcoins as there is no disclosure so far. Craig Wright is not Satoshi he is spreading false information.