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Author Topic: Is Satoshi Nakamoto Alive ?!  (Read 420 times)
ItsaWhale (OP)
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March 03, 2024, 03:13:40 PM
 #1

What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!


Some of these addresses especially the genesis address, hold more than the 50 BTC mining reward as some Bitcoin users occasionally send BTC to addresses belonging to Satoshi as a tribute.

As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.

Address                     Balance   Notes
1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa   99.69 BTC   Genesis address
12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S   18.43 BTC   Address used by Satoshi to send the first user-to-user Bitcoin transaction to Hal Finney
12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX   51.35 BTC   n/a
1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1   50.07 BTC   n/a
1FvzCLoTPGANNjWoUo6jUGuAG3wg1w4YjR   50 BTC   n/a
15ubicBBWFnvoZLT7GiU2qxjRaKJPdkDMG   50.06 BTC   n/a
1JfbZRwdDHKZmuiZgYArJZhcuuzuw2HuMu   50 BTC   n/a
1GkQmKAmHtNfnD3LHhTkewJxKHVSta4m2a 50 BTC   n/a
16LoW7y83wtawMg5XmT4M3Q7EdjjUmenjM 50.02 BTC n/a
1J6PYEzr4CUoGbnXrELyHszoTSz3wCsCaj   50 BTC   n/a
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March 03, 2024, 03:53:11 PM
 #2

I'm curious why you think the world knowing the identity of Satoshi will cause a bear market?

Satoshi being dead or alive doesn't matter because he has already fulfilled his purpose in the invention of Bitcoin, it does not matter if his actual identity is known to the world rather is the fact that he solved a world problem even against the government and won.

Giving Tribute to our heroes is what we as humans do and Satoshi with likes of Hal Finney are no exception.
The world knowing Satoshi does not really matters in the long run because we all will be history and Bitcoin will still remain.

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March 03, 2024, 03:57:13 PM
Merited by Amphenomenon (1)
 #3

This address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa is indeed the address that received the first 50 bitcoins that were mined.

Today this address has ~8,500 UTXOs. Most of them are dust.

If Satoshi returned, chances are we wouldn't know  Tongue Satoshi has managed to stay perfectly hidden. Nowadays, staying hidden in the digital world seems almost infeasible, but yet, Satoshi approached (unless proven differently), the perfect anonymity.

I highly doubt that Satoshi would ever move his coins. The real person behind Satoshi must be owning bitcoins in other addresses that we are not aware of. Satoshi is a digital persona, linked with the initial blocks that were mined. But, the real person behind Satoshi could be anyone and, of course, they must have other coins somewhere. Having said that, I believe that Satoshi is just using bitcoin like everyone of us.

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March 03, 2024, 04:02:14 PM
 #4

There will be a temporary massive panic in the BTC market if/when Satoshi starts to sell his huge pile of virgin coins. This will present a great opportunity for people with the guts to go against the crowd. The damage could be more severe and long-lasting if it combined with bad news related to the on-going post-FTX drama, and more countries "banning BTC", etc. Our bear markets get pretty predictable after a while, but the FTX hangover is real and not over with yet.

ps. When the market is hot and Bullish it is easy to say "to the moon!", remember to sell some, "hodling" 100% is for brainless idiots IMO.
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March 03, 2024, 04:11:21 PM
 #5

yes of course, maybe he is behind the scenes now, he will appear when the price of bitcoin is 1 million dollars lol. but it doesn't matter if he's still alive or not, if he doesn't sell his 1 million bitcoins that's more than enough Grin
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March 03, 2024, 04:46:54 PM
 #6

Okay, now I am overwhelmed by the number of posts which are being posted on this forum related to Satoshi Nakamoto. I could clearly understand why the OG members do not reply or respond to these threads as they are already done explaining similar stuff again and again. OP, doesn't matter if Satoshi is even alive or not. That clearly doesn't impact your life. What he/they built for all of us is what matters i.e. Bitcoin.
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March 03, 2024, 05:52:13 PM
 #7

Satoshi Nakamoto is very unlikely to still be alive IMO. Intelligence services of some big countries like USA, Russia or China would have already found him if he is not protected by one of them at least. In addition, he would have left some legacy message to Bitcoin users and humanity IMO and send his Bitcoins to some charity fundation or a poor country if he doesn't want to use them. Hal Finney had been very badly ill before dying why he did nothing for him if he's not himself Satoshi?

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March 03, 2024, 06:26:23 PM
 #8

Okay, now I am overwhelmed by the number of posts which are being posted on this forum related to Satoshi Nakamoto. I could clearly understand why the OG members do not reply or respond to these threads as they are already done explaining similar stuff again and again. OP, doesn't matter if Satoshi is even alive or not. That clearly doesn't impact your life. What he/they built for all of us is what matters i.e. Bitcoin.

I agree with the quote below, it does matter an enormous amount if Satoshi starts to sell, and hopefully the effects will not last too long.



There will be a temporary massive panic in the BTC market if/when Satoshi starts to sell his huge pile of virgin coins. This will present a great opportunity for people with the guts to go against the crowd. The damage could be more severe and long-lasting if it combined with bad news related to the on-going post-FTX drama, and more countries "banning BTC", etc. Our bear markets get pretty predictable after a while, but the FTX hangover is real and not over with yet.

ps. When the market is hot and Bullish it is easy to say "to the moon!", remember to sell some, "hodling" 100% is for brainless idiots IMO.

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March 03, 2024, 07:01:08 PM
 #9

Okay, now I am overwhelmed by the number of posts which are being posted on this forum related to Satoshi Nakamoto. I could clearly understand why the OG members do not reply or respond to these threads as they are already done explaining similar stuff again and again. OP, doesn't matter if Satoshi is even alive or not. That clearly doesn't impact your life. What he/they built for all of us is what matters i.e. Bitcoin.

On one side of the pole, I can agree with you that I should not impact our lives even if Stoshi is alive or continuously showing activity with the wallets he'd used previously. At the same time, the fear of the flow of a massive Bitcoin in the market can cause a huge fud. So haha in psychology it has something to do with that still Stoshi owns a massive amount of Bitcoins and if he's alive there can be a possible turning point in the current or any future trend of the market.

Anyway.. May Stosshi live long and be a Bitcoiner nothing to worry about if he's alive haha there is a possibility to buy Bitcoin at a low haha, I'm waiting for such an Opportunity to grab Bitcoin in cheap to make some generational savings as well.

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March 03, 2024, 07:19:38 PM
 #10

To be honest no one knows that either Satoshi is alive or not but most of us believe that he is still alive. Some people think that Hal Finney was Satoshi Nakamoto and they also believe that Satoshi is no more. But none of those can prove that really that Hal was Satoshi.

In actual, Satoshi left Bitcoin community because his main idea behind creation of Bitcoin was to create something that would allow humans to transfer money without relying on centralized entities. Satoshi is our hero and even always remain our hero.

He left Bitcoin community intentionally and I'm very sure that he won't reappear again. He is just anonymous and he will remain anonymous forever.

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March 03, 2024, 07:20:38 PM
 #11

I'm curious why you think the world knowing the identity of Satoshi will cause a bear market?

Satoshi being dead or alive doesn't matter because he has already fulfilled his purpose in the invention of Bitcoin, it does not matter if his actual identity is known to the world rather is the fact that he solved a world problem even against the government and won.

Giving Tribute to our heroes is what we as humans do and Satoshi with likes of Hal Finney are no exception.
The world knowing Satoshi does not really matters in the long run because we all will be history and Bitcoin will still remain.
I have been seeing a lot of talk online that Satoshi is not dead but he's alive. That could never stop the price of Bitcoin going bull. We would be surprised that there assumptions might last for a while but not for long. It has been very long that many people had been admitting that they are Satoshi Nakamoto but through findings, it was discovered that they arf just trying to gain popularity so the media will carry them and make them the talk of the town.

 These are just mere claims and I don't think even though Satoshi is alive, he's going to do what will make people to find out that he's Satoshi. I know after a while many of the talks will die off and the price of Bitcoin will still keeps going bull..

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March 03, 2024, 08:32:39 PM
 #12

As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.
I thought I have understood many things about bitcoin, but after an unknown sent bitcoin worth over 1 million dollars to the genesis address, I became more confused about bitcoin and feel there's conspiracy somewhere.
I asked myself these two questions;
  • Could this be Craig Wright proving he is Satoshi
  • Or some people are somewhere maybe Satoshi, using the BTC in Satoshi address as reserves to avoid hijack and manipulation of the bitcoin network
Hmmm.

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March 03, 2024, 08:43:09 PM
 #13

What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!


If Satoshi comes online, it's going to spark a lot controversies and I think US will be focus on finding out who is real Satoshi than the investigations they are doing right now. I don't think Satoshi would want to compromise Bitcoin with too much talk and will appear with his means of identification. He might be around us or even in the Forum and nobody will ever know, that's the advantage you get been a private person due to good privacy.

Quote
Some of these addresses especially the genesis address, hold more than the 50 BTC mining reward as some Bitcoin users occasionally send BTC to addresses belonging to Satoshi as a tribute.

As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.

If Satoshi was going to move this wallet, he would have done so since. What I need you to know is that, these wallet you see that people are wasting time on waiting for Satoshi to move these Bitcoins from their respective address might remain there forever. Satoshi might have another Bitcoin in his wallet sitting somewhere in even the latest segwit and nobody will know nothing, he create Bitcoin which is censorship resistance and freedom, he should know better how to move his wealth in Bitcoin without anyone knowing. So relax.

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March 03, 2024, 10:30:32 PM
 #14

What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!


If you are talking about the impact of crypto world to the global industry if Satoshi Nakamoto is alive and comes out to the public then I would say that it would not have much of an impact since other industries have their focuses and goals to reach. Satoshi Nakamoto is neither related to these industries' important matters to attend to.  But if we are talking about the impact of Satoshi Nakamoto going public to the cryptocurrency industry then I can say that the sudden appearance of the creator of Bitcoin will temporarily boost the market.  We might experience a sudden spike in the Bitcoin price which might last for some time until the market is getting used to Satoshi's presence.  The usual law of diminishing return.

There might be lots of huge events that involve Satoshi Nakamoto and probably he will be invited to the mass media for a forum or interview.  By this time, the spread of Bitcoin information will leap to a new height and the pro-Bitcoin government might invite Satoshi for a conference.

Anyway, all these changes are temporary since the market will eventually goe back to its normal move, so we might expect a huge correction after the huge hype created by the appearance of Satoshi Nakamoto.

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Odusko
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March 03, 2024, 10:36:20 PM
 #15

As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.
I thought I have understood many things about bitcoin, but after an unknown sent bitcoin worth over 1 million dollars to the genesis address, I became more confused about bitcoin and feel there's conspiracy somewhere.
I asked myself these two questions;
  • Could this be Craig Wright proving he is Satoshi
  • Or some people are somewhere maybe Satoshi, using the BTC in Satoshwiaddress as reserves to avoid hijack and manipulation of the bitcoin network
Hmmm.
Craig Wright is far fro being the person of Satoshi and in his attempt to prove anything close to that has failed to yield any convincing evidence to support that claim, and if we should go along with Bitcoin ideology,  Craig is far from exhibiting any of the characteristics of bitcoin ideology as a way of proving that he has any connection to Bitcoin.
I am sure he already knows that,  and when it comes to Satoshi's real identity or if he is alive or not, that doesn't come out clear to almost all of us but then since Bitcoin is all about aninymiusity and privacy, he satoshi is playing the card well and on point to have gone exile and remained at that all this while.

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babagem1
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March 03, 2024, 10:43:36 PM
 #16

Well, knowing if satosh Nakamoto is alive, it’s not really matter or something that is compulsory you should know.
What I think is important is knowing the reason why you are here following the rules the guidelines, exploring lines, no more on how to write learn how to create books articles, you can type your question actually on Google and see what they tell you because nobody can answer that straightly.
. It’s not really bad question you don’t know so you ask the question which is right someone might know but maybe I don’t really have an idea. I’m actually I’m a newbie
Adbitco
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March 03, 2024, 10:56:57 PM
 #17

Well i don't still doubt if Satoshi is not active with us currently in this forum and any other place just reading the news and seeing people killing themselves to say they are Satoshi while they are not. If you look strongly today you would noticed that the solidity of bitcoin foundation today and currently was as a results of Satoshi remaining unknown otherwise bitcoin could have been threaten by now just as what is happening to some of the centralized coin and exchange now for example, Binance is facing some difficulty in my country after haven detained their staff to reveal some transaction carried out by my country users.
This alone could have been threat to bitcoin progression

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March 03, 2024, 11:30:44 PM
 #18

Well i don't still doubt if Satoshi is not active with us currently in this forum and any other place just reading the news and seeing people killing themselves to say they are Satoshi while they are not. If you look strongly today you would noticed that the solidity of bitcoin foundation today and currently was as a results of Satoshi remaining unknown otherwise bitcoin could have been threaten by now just as what is happening to some of the centralized coin and exchange now for example, Binance is facing some difficulty in my country after haven detained their staff to reveal some transaction carried out by my country users.
This alone could have been threat to bitcoin progression
Looking at it same way you illustrated above in connection to what is happening in Nigeria. Even if Satoshi wasn't anonymous, there's also nothing the government will do to harm bitcoin because it is very much decentralized. The nature of bitcoin is as such that Satoshi himself even if still working on bitcoin will not independently make decisions. There much be consensus. Even if the government arrests him and force him to bring bitcoin down, he would not be able to do same without the agreement of others. The worse scenario would have been many hard forks and disruption of the community. The worse they would have done is to tax him hugely which is more of an individual issue than bitcoin issues.

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Cryptoababe
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March 04, 2024, 12:26:50 AM
 #19

I think if sathosi wanna come back. He would have revealed himself since. Although I don't see him as revealing him self to cause any bear market because people will tend to buy all his Bitcoin these days.

Moreover the BTCs that are being sent to his address seems to be a form of gratitude as you've said. But is that not also like burning Bitcoin?
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March 04, 2024, 02:42:19 AM
 #20

What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!

If Satoshi Nakamoto did not move his coins, no reason for the market to be bearish.

Quote
As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.
You did not know about Bitcoin distributions. There are many Bitcoin addresses with more than 100 bitcoins. Satoshi Nakamoto is not the only Bitcoin holders with 100+ bitcoin in a single wallet/ address.
Top 100 Richest Bitcoin addresses.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Addresses with Balance > 100 BTC
https://www.lookintobitcoin.com/charts/addresses-greater-than-100-btc/

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