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Author Topic: Could this just be the "LAMEST" News?  (Read 502 times)
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October 08, 2024, 05:45:45 AM
 #41

I saw this on my browser as well. I was surprised, but I immediately ignored it because I didn't think it would be possible unless they had made a signature from one of the addresses that could be Satoshi's. It's impossible otherwise. We all know CW is trying to "be" or claim that he is that, but it's not him.

If this were true, it would be a game changer for the whole crypto community, just because the spreading of Bitcoin has this aspect of mystery surrounding it. I don't think it will help, but maybe we should just give gratitude to the one who created BTC.

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October 08, 2024, 06:15:57 AM
 #42

Quote
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.

The things mentioned by you seem more like BS to me.
1.Satoshi Nakamoto doesn't have absolute control over the Bitcoin blockchain.
2.Why would the government(I guess that you refer to the US government) want to seize the 1 million BTC in Satoshi's wallet?
Did Satoshi do anything illegal? I don't remember governments in democratic countries stealing assets from their citizens just because they want to.
3.The potential crash of the Bitcoin price also makes the idea of government confiscation kinda pointless.
4.If the Bitcoin protocol gets changed and Bitcoin becomes more centralized, many Bitcoiners will sell their BTC and leave the community, which also makes the whole idea counterproductive and pointless.

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October 08, 2024, 11:16:29 AM
 #43

I think most of people who has been long enough in Bitcoin community have been already accepting that the Identity should remain a mystery, and they don't really wants to know who is he. But for general public who only know the Bitcoin from the hype and influencer would really like this kind of content, and IMO that is the target market of this docuseries, I would think this is just for entertainment purpose and would never put much my energy or to think this is a serious journalism.


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October 08, 2024, 12:12:32 PM
 #44

Not really the lamets. Definitely the most overhyped news by them lol. Like the idea of who satoshi is has already been discussed countless of times and I'm pretty sure HBO just capitalized on their name to create a documentary out of it. Honestly speaking as others have already pointed out, nothing big is going to actually happen even if we find out who Satoshi is. Probably other than people attacking him/her/them continuously for that juicy Bitcoin in their wallet. Even if he comes back he certainly can't sway the millions of people who use the network. Satoshi certainly was someone to be praised for creating Bitcoin, doesn't mean people will blindly follow him like a cult.

 
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October 09, 2024, 08:50:29 AM
 #45

I think most of people who has been long enough in Bitcoin community have been already accepting that the Identity should remain a mystery, and they don't really wants to know who is he. But for general public who only know the Bitcoin from the hype and influencer would really like this kind of content, and IMO that is the target market of this docuseries, I would think this is just for entertainment purpose and would never put much my energy or to think this is a serious journalism.
Exactly, most of us here have been in the Bitcoin market for many years that we already know that Satoshi has disappeared and will not re-surface. And there are a lot of personalities that had claim that they are Satoshi, and we all know that all of them are fake. Of course, we would have our guesses as well, but since it can't be proven, everything here is just speculation. There are even some here that might believed that this so called revelation will bring some positive news to the market, but it's not, as we can see, we even have minor corrections already after HBO documentaries and revealing another interesting personality in the mix of who might be Satoshi.

R


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October 09, 2024, 10:10:18 AM
 #46

Ok, guys. I have to tell you the truth.

I am Satoshi.
Sorry boss, I am!

In fact this is what is going on right now. Its Peter Todd next and who knows which director is going to come up with another such idea and start a new this is satoshi goose chase?

All this buzz is going to draw some crowd to the movies but I think the general perception about crypto to non-bitcoin public is meh, who cares? Roll Eyes

 
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October 09, 2024, 10:53:13 AM
 #47


All this buzz is going to draw some crowd to the movies but I think the general perception about crypto to non-bitcoin public is meh, who cares? Roll Eyes

They won’t even bother with that documentary, meh, I’m a Bitcoin pro myself and didn’t watch it either. I just checked out some comments here and looks like I was right not to waste my time. So we had Tom Todd, who’s next and when’s the next documentary coming out?

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October 09, 2024, 11:01:12 AM
 #48

Did anybody watch HBO's PR stunt? I didn't.

Obviously they have no idea who Satoshi really is but they want to use the name of Bitcoin and Satoshi to hype up their own brand. And the fact that so many people are falling for it on the forum is sad.

The sheer amount of topics on this in the last few days has made me look at the community in a different light.

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October 09, 2024, 11:14:11 AM
 #49


All this buzz is going to draw some crowd to the movies but I think the general perception about crypto to non-bitcoin public is meh, who cares? Roll Eyes

They won’t even bother with that documentary, meh, I’m a Bitcoin pro myself and didn’t watch it either. I just checked out some comments here and looks like I was right not to waste my time. So we had Tom Todd, who’s next and when’s the next documentary coming out?

When this one will be forgotten, probably  Roll Eyes

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October 09, 2024, 12:06:26 PM
 #50

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
I also think that it'll be related to the HBO documentary and it's already a hot topic in some crypto communities. I also made a post on the related thread that you shared, https://bitcointalk.org/index.php?topic=5511762.msg64600291#msg64600291. I guess that the expository theory of the documentary will come and go so that we can move on. The real Satoshi Nakamoto, is better off staying anonymous for the good of Bitcoin generally, as it's stated in the OP, it wouldn't do any good if he/she/they were to resurface for any reasons. For someone who is smart enough to create a decentralized Bitcoin would do anything humanly possible to remain anonymous. Unless he wants to reveal his identity by himself which will be meaningless now.











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October 10, 2024, 03:39:08 PM
 #51

I think most of people who has been long enough in Bitcoin community have been already accepting that the Identity should remain a mystery, and they don't really wants to know who is he. But for general public who only know the Bitcoin from the hype and influencer would really like this kind of content, and IMO that is the target market of this docuseries, I would think this is just for entertainment purpose and would never put much my energy or to think this is a serious journalism.
Of course, it is not serious journalism, are you kidding me? It's called "clickbait" which means to use a misguiding title, header, photo, or anything else that is being shown in an advertisement or an initial interaction with a viewer only to garner more clicks, views, visitors, etc. People who do such things have no actual interesting content for people to read or watch which provides them no organic reach which is why they start doing such things to get more views and visitors.

Someone who has read a little bit about Bitcoin and its history in recent times would know that Satoshi's identity cannot be revealed. He did what he needed to do and disappeared. If he wanted to become public or make himself known, he could do that in the early days of Bitcoin because, during that time, he wouldn't have many issues. But now? There is no chance.

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October 10, 2024, 10:55:31 PM
 #52

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.
Satoshi chose not to go with the spotlight, for personal reasons and for his own safety and security. Most particularly at the current time where bitcoin is always at hyped. So there's no valid reason why he's going to suddenly break the silence and steal all the spotlight. This is just another fake news and speculation, and those who believe in it are actually those who have no real knowledge about bitcoin's history and its nature of decentralization.

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October 10, 2024, 11:10:46 PM
 #53

Quote
Bitcoin is built on a completely decentralised network
Lets start here.
Bitcoin is decentralized not because the identity of its creator is unknown. It is decentralized because the network that consists of full nodes and miners is not controlled by one entity. Both are well spread around the globe in a per to peer way (there is no hierarchy).

In my opinion the absence of Satoshi helped in one thing, it eliminated a certain mindset where people keep looking at the "creator" wanting to know what he says as if it is the law! Kind of centralized things themselves. But even if Satoshi was around and a known person, Bitcoin would still have been decentralized.



Well that's true that his presence wouldn't have made Bitcoin centralized as he can't do anything to influence the network without the majority of miner being in support of it but there is just the thing about his presence somehow affect even maybe possibly the up and down movement of the market value of Bitcoin because one thing am sure of is that if there is one thing that the government is good at then it's actually frustrating the hell out of project owners especially a financial revolution project like Bitcoin which posses a big threat to their whole financial set up of centralized banking system.

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October 17, 2024, 07:35:17 PM
 #54

[quote author=Russlenat link=topic=5512028.msg64615609#msg64615609
They won’t even bother with that documentary, meh, I’m a Bitcoin pro myself and didn’t watch it either. I just checked out some comments here and looks like I was right not to waste my time. So we had Tom Todd, who’s next and when’s the next documentary coming out?
[/quote]
I also didn't wasted 2 hours of my life to watch this stuff. I read some reviews about this movie and it looks that only good thing it is PR campaign. Well, they had to make something that people would watch it. It's product for mainstream who have have not much clue about Bitcoin.

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October 18, 2024, 04:14:38 PM
 #55

I don't think Satoshi's reappearance would be a bad thing per se. I agree that it's better the way it currently is, but it would not be the end of decentralization, as Bitcoin is designed in a decentralized way. Also, it might draw a lot of attention to Bitcoin and excitement that Satoshi is back, which might actually be good for the price (depending on whom the person turns out to be). I don't think any government would have any claim to Satoshi's coins, similarly to them not having claims to anyone else's coins. What they can get very interested in, however, might be taxes, depending on Satoshi's tax residence.

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October 18, 2024, 04:31:14 PM
 #56

I don't think Satoshi's reappearance would be a bad thing per se.
Some want Satoshi's identity confirmation and reappearance but others don't want it.

Quote
I agree that it's better the way it currently is, but it would not be the end of decentralization, as Bitcoin is designed in a decentralized way.
It's biggest strength of Bitcoin that makes Bitcoin is unique while in cryptocurrency industry and market, there are thousands of cryptocurrencies but none of them can replace Bitcoin, because they are centralized.

Quote
Also, it might draw a lot of attention to Bitcoin and excitement that Satoshi is back, which might actually be good for the price (depending on whom the person turns out to be).
I really don't know. It can create both, fear and excitement and because it hasn't happened, we can not know its effects that can be negative or positive on Bitcoin price.

Quote
I don't think any government would have any claim to Satoshi's coins, similarly to them not having claims to anyone else's coins. What they can get very interested in, however, might be taxes, depending on Satoshi's tax residence.
Taxing residents is target of governments and they are good with taxation citizens. Recently in Italy, government made a proposal of taxing 40% of Bitcoin profit because they think it is too easy to get profit with Bitcoin.

Italy Reveals 62% Increase in Bitcoin Capital Gains Tax. They want to increase tax rate from 26% to 42%, that is 62% increase.

 
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