Satoshi Nakamoto remaining anonymous is good for Bitcoin!

[peerwallet]

Recently, I've observed a trend targeting the founders of groundbreaking technological ideas whose identities remain unknown. Reflecting on this, I believe that had Satoshi Nakamoto, the creator of Bitcoin, been apprehended in 2013 during Bitcoin's early rise to popularity, it could have spelled the demise of the entire cryptocurrency movement. Without Satoshi's innovation, Ethereum may never have been conceived, and countless individuals might never have ventured into the realm of cryptocurrency investment.



Why might Satoshi have faced arrest?

  1) Uncharted Financial Territory Requiring Licensing: Satoshi would have encountered significant regulatory hurdles, as his invention operated within a financial space devoid of established regulations. Authorities would have questioned the target market, geographical reach, fraud prevention measures, and other critical aspects. Without proper licensing, the project would have likely been denied approval.

   2) Potential for Illegal Activities: Due to its decentralized nature, Bitcoin could have been exploited for illicit purposes. Law enforcement agencies would undoubtedly have scrutinized its potential use in criminal activities, raising the risk of Satoshi's arrest.

    3) Tax Evasion Concerns: Cryptocurrencies can facilitate tax evasion, prompting governments to oppose their widespread adoption. Without adequate mechanisms to address tax compliance, authorities would likely have rejected Satoshi's project.


Fast forward to subsequent years, as cryptocurrencies gained unstoppable momentum, governments worldwide grappled with regulating this emerging asset class. Some nations imposed strict regulations, while others outright banned cryptocurrencies. Nonetheless, despite governmental opposition, many citizens continued to engage in crypto trading.

In conclusion, it's highly plausible that Satoshi Nakamoto would have faced legal repercussions had his identity been exposed. However, this remains a topic open to discussion and differing viewpoints.

[1714943165]

1714943165

[1714943165]

1714943165

[Dailyscript]

Staying anonymous is good for bitcoin more than Satoshi. That lack of central authority on it has made everyone who has an interest in stealing the idea, controlling the idea, or manipulating the idea be eliminated. If there were a central authority, the government would find a way to lure the owner into making decisions that would affect bitcoin.

The other advantages of staying anonymous are good as well. I only appreciate the aspect of decentralization and would forever be grateful to Satoshi.

[EL MOHA]

if you search through the forum i think you might have seen lots of this similar thread all over, you could have just replied your views there so as not to be seen as a spammer.

The advantage that an anonymous Satoshi gives to bitcoin can easily be spotted if you follow the news of how anything that affects both CZ; founder of binance and Vitalik, founder of ethereum how it affects their entities. if at all Satoshi was to be, a word only from him will manipulate the market which defeats decentralization

[boyptc]

In conclusion, it's highly plausible that Satoshi Nakamoto would have faced legal repercussions had his identity been exposed. However, this remains a topic open to discussion and differing viewpoints.

It will remain as the greatest unsolved mysteries that this world has ever had. Even the FBI or secret service or call all of those agencies of the US government that are good in tracking and any other countries too.

He was just too perfect when he'd proven that it's not just Bitcoin that's anonymous but also him. It's best for him if ever he's still alive somewhere to remain where he is and live a peaceful and quiet life.

It will create a storm if ever he conceals and proves his identity not just to the entire crypto market but also in the entire world.

[dothebeats]

Satoshi knows that if there is one central figure in bitcoin, it would not flourish and might be seen as something similar to other currencies out there. He wanted the project to continue as he envisioned and it's what's happening now. If he's still around, he will also be attacked by different governments and would possibly be held prisoner for different crimes he didn't commit. I'd say Satoshi's decision to remain truly anonymous is what makes bitcoin great. Imagine its creator sticking up to what his visions are, and not trying to profit off of his creation and just wanted give people what they should really have by giving the power of 'keeping value' to them directly.

[Denamen]

I don't think it's important for Satoshi Nakamoto to show up now or in the future. Bitcoin can now run decentralized by the community. He can't do anything to it right now. The issue here is that if he were to suddenly make transactions with the large amount of Bitcoin he holds, it could potentially hurt the market.

[Husires]

Why were the same accusations not directed at Vitalik, Charlie Lee aka creator of Litecoin, or other founders of cryptocurrencies?
Satoshi cannot face major problems due to the decentralized nature of Bitcoin, such that if Satoshi decided, for example, to block a transaction in the network or allow the mining of more than 21 million Bitcoins, he would not be able to do so.

[moneystery]

satoshi himself had planned that he would disappear in order to make bitcoin run truly decentralized. he wants bitcoin to be run by the community and developed by the community. he doesn't want his figure as the founder of bitcoin to disrupt the decentralized system that exists in bitcoin, so disappearing is the only best way he can take.

also, satoshi is perhaps one of the important figures in the disruption of the global payment system. what it offers is an innovation that the government does not like. his disappearance was the best way for him to prevent the government from tracking him and interfering with bitcoin.

[Nrcewker]

Satoshi himself wanted to remain anonymous and hidden. If he wanted, he could have easily proved his identity through the address he stacked here in the forum account. He has created this amazing masterpiece for the well being of the people, so it’s our duty to let him live peacefully. Yes if the identity is revealed then the market can really go up down, and the consequences can be very hard, like the OP has mentioned in the post. So whatever happens, it happens for the good.

[mk4]

Even outside regulatory issues, Satoshi is better off anonymous because of political and idealistic reasons. Imagine if Satoshi was a Trump supporter — die-hard Biden fans would hate him, and vice versa. Same thing with the leftist and rightist movements.

[bluebit25]

This is another interesting issue that is discussed a lot on the forum. I still remember many times people searched for Satoshi with hypotheses, and the curiosity about his identity never ended. But the person impersonating to attract attention, or even the people in question who could be Satoshi, have never been confirmed.

Since bitcoin is already in operation, I also just want to know if the role of its operation, who started it, is really the problem in the middle of it all, but have people ever questioned who created Satoshi to really understand that is the beginning.

[tsaroz]

One another noble thing to remember is if we find the true satoshi, we might not like him as much or at least some people would be unhappy of him/her/it.
Considering how rich and probably powerful he is, might have some form of business or a job and and he might have done something or taken decision that might be controversial or have hurt some. His personal principle and bitcoins theoretical ideology might differ to some extent.
Mortal beings have flaws and it's human nature to exaggerate it. Satoshi is appreciated as god of crypto but when we realize he is just another human with his own flaws, me might be disappointed.

[Text]

The potential for illegal use of Bitcoin was (and still is) a concern. If Satoshi was a known figure, Bitcoin could have been labeled a criminal tool, hindering its adoption. Anonymity helped it gain traction for legitimate purposes.

As we witness the continued evolution and adoption of cryptocurrencies, it's evident that Satoshi's decision to remain anonymous has left a profound legacy. Without the distractions of legal battles that might have ensued from revealing his identity, Bitcoin has flourished, paving the way for subsequent innovations like Ethereum and inspiring a global movement toward decentralized finance.

[|MINER|]

Yes, Satoshi is better off staying anonymous. Because he may face many problems when he comes in public. Also, theft, kidnapping can cause other problems.  It is very dangerous for him to go out in public. He is better and safer anonymously.  They will face various legal problems such as tax evasion, potential for illegal activities. He can get involved in police trouble for various other problems.

[AnonBitCoiner]

Satoshi was a mastermind, undoubtedly, because someone without extraordinary abilities wouldn't be able to create something like Bitcoin. However, I sometimes wonder, why and how did he decide to stay anonymous after creating Bitcoin? Was it only because he didn't want people to think that Bitcoin is centralized because its owner exists and is always around and that would have collided with the fact that Bitcoin is decentralized? Or he anticipated that if Bitcoin manages to gain enough success in the future, he can get in trouble because of many things that we are discussing here.

I guess the answer of this question will remain unknown forever just like Satoshi himself.

[Husires]

Even outside regulatory issues, Satoshi is better off anonymous because of political and idealistic reasons. Imagine if Satoshi was a Trump supporter — die-hard Biden fans would hate him, and vice versa. Same thing with the leftist and rightist movements.

We cannot say that Satoshi was far from politics, as the first message he chose for the Genesis block was “The Times 03/Jan/2009 Chancellor on the brink of second bailout for banks.” Many of Satoshi's writings, although they do not clearly indicate political leanings, are that the ideas illustrate flaws in current financial systems, but in the end the network is decentralized, and if the founder's opinions affect the currency, it is not centralized. Charlie Lee sold a large portion of his holdings to Litecoin, and this currency still exists and has popularity.

[Asiska02]

In conclusion, it's highly plausible that Satoshi Nakamoto would have faced legal repercussions had his identity been exposed. However, this remains a topic open to discussion and differing viewpoints.

I don’t even care how he looks like or what he is up to about bitcoin, let bitcoin continue to thrive is what all bitcoin enthusiasts are after. Unlocking and knowing who the real Satoshi should forever remain history to come. The search for who the real Satoshi is will never end even when many have agreed in the past even in this forum to let it be. Satoshi’s face unlocked could have an adverse effect on the future of bitcoin and not even in the aspect of using it. It will begin to affect people’s perception on things because of how trusted the words and choice of Satoshi will be to a lot of people especially the bitcoin enthusiasts.

This is beyond just about bitcoin, he has gone as far as poisoning the minds of people to love him and look up to him always. He is a great person, so will a lot of people want to follow his footsteps, wishes, wants and dreams etc. Satoshi’s faceless identity should remain like this, if not forever, it should only be known when bitcoin is not in safe hands and cannot be tempered which I feel a day like that will never come by anytime in the future.

[yhiaali3]

I believe that the existence of Bitcoin to date is due to Satoshi's disappearance and his remaining anonymous. If Satoshi had submitted a request to the authorities to approve his invention, his request would certainly have been rejected and Bitcoin may not have existed in the first place.

Perhaps he will not be arrested at that time because of his crazy invention for the governments, but it is certain that if he appeared now, he would most likely be arrested, so he is still hidden from sight and his true identity has not been revealed, despite all these years having passed since his great invention.

[adaseb]

I think the mystery of Satoshi is a good feature for Bitcoin. And the mystery is what gives it value. We all know that Vitalik created Ethereum and it doesnt have the same history since the Genesis block.

I dont think he will surface. Even if he decides to sell some of his coins, it would be near impossible to do it anonymously since we got state of the art blockchain tracking technology. So unless he mined some coins in late 2009 and early 2010 which he plans on selling, I dont think those early 2009 coins will ever be moved due to the fact that everyone is keeping an eye on them. Imagine the early blocks being sent to Binance, his identify would be in jeopardy. So its best left as a mystery.

[OcTradism]

Even outside regulatory issues, Satoshi is better off anonymous because of political and idealistic reasons. Imagine if Satoshi was a Trump supporter — die-hard Biden fans would hate him, and vice versa. Same thing with the leftist and rightist movements.

It can be bad in politics but if it relates to financial benefit, I really believe that even die-hard Biden fans or die-hard Trump fans will still invest in Bitcoin if they see ROI history of Bitcoin and opportunities to enrich their finance by investment in Bitcoin.

In politics, they can disagree and hate Satoshi Nakamoto but in finance, they will stick with Bitcoin. Believe me, when it comes to money, it has some unrejectable reasons to break own logical thinking and chase profit, benefit.

Are politicians themselves very flexible with their words of mouth? We can call them as liars if we want and it is not wrong.