Could this just be the "LAMEST" News?

[Mia Chloe]

I decide to go through my chrome as usual and today I happened to spot a news on my news feed page which sounded so awkward and lame. Well I wasn't too surprised to find a news like that on my feed though since it's still like a sign that bloggers are still at creating write ups like this that of course can mislead those who are bitcoin newbies. I didn't even bother clicking the link so I get redirected to some article that I believe isn't worth reading. Below is an image of the news caption.



Bitcoin is built on a completely decentralised network which is something the government isn't mostly happy about since there is pretty much no central body in control to impose certain regulations and rules. This is pretty much the reason why Satoshi disappeared for so many years now since if he was around he would seem like a central body that the government could probably use as a medium to impose certain regulations on bitcoin. Satoshi disappeared since around late 2009 to 2010 which was shortly after he mined over about a million Bitcoins as speculated by most sources. What then would make any one think he'll appear all of a sudden?

If Satoshi should appear all of a sudden, it would be bad for the bitcoin network and even the entire crypto ecosystem since bitcoin pretty much has an indirect effect on the whole crypto ecosystem. A couple of things that would happen if Satoshi should appear all of a sudden are;

• If Satoshi should appear all of a sudden, it already partially means good-bye to our dear decentralisation like I explained before, since the government can now have a central body to indirectly control the network.
• Secondly there would be an unfriendly shift in bitcoin price and also a general dip in the crypto space since the government would want to take control of the coins he mined ( picture the effect of moving about a million coins on the network)
• The bitcoin network would likely experience some changes that may not support discentralization coupled with the fact that Satoshi's appearance may cause vulnerabiliies to appear in bitcoin's protocol.

Decentralisation is the key power and importance of the BITCOIN network over other crypto currency networks.I believe Satoshi wouldn't want to toss all the decentralisation  BITCOIN has built over a course of about 15 years now by appearing all of a sudden.

[MusaMohamed]

I decide to go through my chrome as usual and today I happened to spot a news on my news feed page

It is not too fresh news.

Satoshi Identity Revealed LOL

If Satoshi should appear all of a sudden, it already partially means good-bye to our dear decentralisation like I explained before, since the government can now have a central body to indirectly control the network.

It's reason Satoshi Nakamoto decided to disappear many years ago, for his safety first, and for success of Bitcoin project. He never proactively appears to put himself at risk of being arrested or killed.

Secondly there would be an unfriendly shift in bitcoin price and also a general dip in the crypto space since the government would want to take control of the coins he mined ( picture the effect of moving about a million coins on the network)

Satoshi Nakamoto can say, "I lost these private keys", and governments will have nothing to seize.

The bitcoin network would likely experience some changes that may not support discentralization coupled with the fact that Satoshi's appearance may cause vulnerabiliies to appear in bitcoin's protocol.

It won't. Because Satoshi Nakamoto designed Bitcoin as a decentralized project so even the Bitcoin founder can not have a power to shut down Bitcoin blockchain or change Bitcoin protocol as a single entity, programmer.

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[Fiatless]

Perhaps a link to the website promoting the news would have provided a clearer picture of the content. But there is a chance that this has something to do with the HBO documentary Money Electric: The Bitcoin Mystery. It is merely an additional method by which HBO generates revenue from subscribers. It is suspected that Satoshi will be identified as Len Sassaman. If my guess is right there is a thread on this topic https://bitcointalk.org/index.php?topic=5511762.0

[Amphenomenon]

I think this news was from the fact that HBO I'd planning on realising a documentary about the real Satoshi Nakamoto being identified, but me that's a joke and I didn't bother to care more about it though I  will be curious to say what/who they pick but we all know this is all drama.

Decentralisation is the key power and importance of the BITCOIN network over other crypto currency networks.I believe Satoshi wouldn't want to toss all the decentralisation  BITCOIN has built over a course of about 15 years now by appearing all of a sudden.

Satoshi disappearance made everything perfect for decentralisation, no much sentiment, everyone do has to come to an agreement for something to be modified or updated in the Bitcoin Network. Though even if he's around there will be decentralisation but this may highly be affected by sentiment.

[Russlenat]

This is purely speculative, and as mentioned above, it might just be tied to the release of the HBO series --they're probably trying to generate some hype. If Satoshi really wanted to reveal himself, he would have done so a long time ago. Why do it now? Staying anonymous is better for him, as it avoids government scrutiny and keeps the current nature of the Bitcoin world undisturbed.

This could be it.

Is Satoshi Nakamoto finally revealed? What HBO documentary says…

[FinneysTrueVision]

Bitcoin is built on a completely decentralised network which is something the government isn't mostly happy about since there is pretty much no central body in control to impose certain regulations and rules. This is pretty much the reason why Satoshi disappeared for so many years now since if he was around he would seem like a central body that the government could probably use as a medium to impose certain regulations on bitcoin. Satoshi disappeared since around late 2009 to 2010 which was shortly after he mined over about a million Bitcoins as speculated by most sources. What then would make any one think he'll appear all of a sudden?

Satoshi alone can’t give control of Bitcoin to any government. I don’t see developers being willing to add a backdoor simply because Satoshi reappeared. You also need users and miners to go along for this compromised network to be recognized as Bitcoin and that’s not going to happen.

Secondly there would be an unfriendly shift in bitcoin price and also a general dip in the crypto space since the government would want to take control of the coins he mined ( picture the effect of moving about a million coins on the network)

They would need legal justification to seize Satoshi’s bitcoins. As extremist and authoritarian as political leaders might seem, there are still checks and balances that make this scenario very unlikely.

[Ziskinberg]

What makes Bitcoin so interesting is Satoshi's anonymity, which adds a certain appeal to it. So, even if an article sounds convincing about revealing Satoshi's identity, I still wouldn't believe that he would come forward or that someone has truly identified him.

It’s reported that Satoshi holds around 1 million Bitcoin, worth about $62 billion at the current price. Just think about it, why would he reveal himself and risk getting into trouble? Not just from bad actors but also from governments that could fabricate cases to seize that huge amount of Bitcoin in his wallets.

[Hatchy]

HBO, is just trying to put on some show.. it's quite interesting to see that few month after Craig wright, more speculations still falls out of the blues about identifying satoshi.. he isn't dump, a reasonable person would be better to not believe this crap. Like they will just walk up to Satoshi and ask him, " hey mate, ARE YOU SATOSHI? , and he will answer with a loud voice, yes I am, take a picture of me and add me to your show october 8... It all just crap.. going through the video, they literally didn't mention a thing about knowing who Satoshi is. These social media influencers are just passing wrong informations all around the Internet and I'm not surprised as it's a norms..

[Frankolala]

Why will Satoshi reveal his identity now, when that was his plan to remain anonymous for bitcoin network to grow and survive. Satoshi knows that if he tries to reveal his identity, it will be a suicide mission for him because the government will get him arrested. Putting everyone on confusion who is the real Satoshi, is the fun because the government has no one to hold responsible for giving people financial freedom.

There have been a lot of claims by some persons to be Satoshi and I am not surprised if this is also coming up because bitcoin is currently a side attraction to everyone due to the potentials that it has. Social media is more of wrong information these days.

[hugeblack]

Vitalik Buterin is present, known and giving interviews, yet we have not heard that Ethereum has become centralized because of his presence, so if Satoshi returns, Bitcoin will not be centralized or affected by decentralization except by what the miners and full nodes will decide. Satoshi's influence comes from the fact that he can access a lot of Bitcoin, and estimates indicate about a million Bitcoins, which means that he will negatively affect the price because these Bitcoins, so far, are assumed not to be moved, but the presence of Satoshi means that it is possible to sell these Bitcoins.

[EL MOHA]

Satoshi disappearance made everything perfect for decentralisation, no much sentiment, everyone do has to come to an agreement for something to be modified or updated in the Bitcoin Network. Though even if he's around there will be decentralisation but this may highly be affected by sentiment.

Exactly satoshi appearing now doesn’t mean the decentralized nature of bitcoin will gone, people do not know that the network is controlled by the node runners and that a consensus will be reached for any fork to happen. Look at even miners although there are few that censor transections most others still do not and this is decentralization. Bitcoin is even secure to the point that even a 51% attack will still not affect many things like censorship of transactions.

I will say it is better that Satoshi remains hidden because of his own safety, many will say Vitalik is still around and I say because he didn’t develop the biggest threat to marginalization of the fiat currency. If satoshi surfaces today then his impact will be on market sentiment. Any comments directly from him will cause the Market to change sentiment, him investing into anything will be like an Alpha just like some Shitcoins use Vitalik to shill their projects most of the time

[Solosanz]

If someone including Satoshi can control Bitcoin, it means Bitcoin isn't even decentralized in the first place. Satoshi, as the creator, has no way control Bitcoin because when there's a new improvement or change in Bitcoin protocols, it can be accepted or not based on majority votes by nodes. If there's an improvement where only Satoshi support it, but the rest reject the improvement, it will not happen.

[ultrloa]

This is purely speculative, and as mentioned above, it might just be tied to the release of the HBO series --they're probably trying to generate some hype. If Satoshi really wanted to reveal himself, he would have done so a long time ago. Why do it now? Staying anonymous is better for him, as it avoids government scrutiny and keeps the current nature of the Bitcoin world undisturbed.

This could be it.

Is Satoshi Nakamoto finally revealed? What HBO documentary says…

They know there's millions of people using crypto that curious to know the real identity of Satoshi and they take advantage of the hype will be created by something like misleading title they placed for that show.

But provably it will be the same like Craig Wright situation so I'm not expecting much anything about what HBO will show to their audience.

Right now they are successful catching up our attention since people are now discussing about this matter and read this anywhere I go, so we can say that for sure lots of people will watch their documentary because curiosity would provably rise up if they can really reveal the identity of real Satoshi.

[Jet Cash]

I still   believe that Bitcoin was created as an experiment by the banking elite. It was used to gain knowledge and experience from the creative members of the cyber world. It has been a massive success. The limits imposed in its creation ensure that it will never be a thread to the emerging global CBDCs, but will be an alternative to gold and silver rather than a major daily currency. Its adoption by the banking and investment elite seems to bear this out. I believe the greatest threat to Bitcoin is the accumulation of available coins in large banking portfolios. However, this could be an advantage if the they use it as a store of wealth, and seek tax advantages rather like gold coins.
We can keep it as a public asset for less wealthy people by running nodes and solo mining. Payment for low value items via the Lightning network will also keep it as a valuable asset for " the people".

[BlackHatCoiner]

Vitalik Buterin is present, known and giving interviews, yet we have not heard that Ethereum has become centralized because of his presence

You've got to be kidding, right? Vitalik is, by far, the most influential individual in Ethereum. He and his buddies essentially do whatever they want with the protocol. Changes in money supply, consensus mechanism and censoring transactions are just a few examples.

I still   believe that Bitcoin was created as an experiment by the banking elite.

If that were true, it would make a lot of sense for the elite to have bought in early. But, they've only recently shown interest, which doesn't align well with that narrative.

[TheUltraElite]

Well folks, the hunt continues, or if you really want to continue the pipe dream of knowing who satoshi was.

As far as news goes, no news is lame if you see the perspectives of it. Some people are really into finding the truth behind things, I like that detective attitude and some people are willing to advertise it in order to make a TV show, not that I like that, but I can go with it.

In either case nobody is opening those coins that satoshi owns, so fret not.

[Z-tight]

• If Satoshi should appear all of a sudden, it already partially means good-bye to our dear decentralisation like I explained before, since the government can now have a central body to indirectly control the network.

This is not true, BTC is decentralized and that would not change even if Satoshi suddenly reappears, the government cannot control the BTC network, even through Satoshi. The network was created to function without any central authority and that cannot change, the only way the government can control the network is if they can force miners to censor tx's.

I still   believe that Bitcoin was created as an experiment by the banking elite.

I don't know why you believe so, but i don't think it is possible for a network like BTC to be created by bankers.

[Z390]

I still   believe that Bitcoin was created as an experiment by the banking elite. It was used to gain knowledge and experience from the creative members of the cyber world. It has been a massive success. The limits imposed in its creation ensure that it will never be a thread to the emerging global CBDCs, but will be an alternative to gold and silver rather than a major daily currency. Its adoption by the banking and investment elite seems to bear this out. I believe the greatest threat to Bitcoin is the accumulation of available coins in large banking portfolios. However, this could be an advantage if the they use it as a store of wealth, and seek tax advantages rather like gold coins.
We can keep it as a public asset for less wealthy people by running nodes and solo mining. Payment for low value items via the Lightning network will also keep it as a valuable asset for " the people".

This is not true, banking elite should be the biggest holder now, but they are not, anyone who is responsible for building Bitcoin new that it has a higher chance of success, they would have packed up lots of Bitcoin, instead it is Black rock today running after Bitcoin.

Bitcoin wasn't actually the first, there were two or more and they failed, until Bitcoin was created.

I believe the reveal about who satoshi really is will be the death of a man whom HBO believed to have created Bitcoin before he died, I can't think of anything else that makes sense than this, isn't it a perfect story if the real Satoshi is dead? Haha.

[Sanitough]

I believe the reveal about who satoshi really is will be the death of a man whom HBO believed to have created Bitcoin before he died, I can't think of anything else that makes sense than this, isn't it a perfect story if the real Satoshi is dead? Haha.

We can't be certain if Satoshi is still alive, given his anonymity from the start. However, recent movements of large amounts of Bitcoin, especially those created during the Satoshi era, make sense to consider that it could be him, so he is alive. The Bitcoins associated with Satoshi are spread across different wallets, so pinpointing his exact holdings is nearly impossible, but speculation with some basis is always possible.

I'm sure there have been many reports on this satoshi era wallets topic, but I'm sharing this one as a reference to support my point.

https://www.coindesk.com/markets/2024/09/20/satoshi-era-wallets-move-16m-in-bitcoin-after-15-years-of-dormancy/

[Russlenat]

This is purely speculative, and as mentioned above, it might just be tied to the release of the HBO series --they're probably trying to generate some hype. If Satoshi really wanted to reveal himself, he would have done so a long time ago. Why do it now? Staying anonymous is better for him, as it avoids government scrutiny and keeps the current nature of the Bitcoin world undisturbed.

This could be it.

Is Satoshi Nakamoto finally revealed? What HBO documentary says…

They know there's millions of people using crypto that curious to know the real identity of Satoshi and they take advantage of the hype will be created by something like misleading title they placed for that show.

But provably it will be the same like Craig Wright situation so I'm not expecting much anything about what HBO will show to their audience.

Right now they are successful catching up our attention since people are now discussing about this matter and read this anywhere I go, so we can say that for sure lots of people will watch their documentary because curiosity would provably rise up if they can really reveal the identity of real Satoshi.

I think this is the documentary that people are talking.

Money Electric: The Bitcoin Mystery | Official Trailer | HBO

And this will air on October 8, 2024. Few days more and we will find out what this documentary really is all about and why they are using some hype about the indentity of satoshi being revealed already.