The real enemy of bitcoin

[ezzadc]

You hit the nail on the head! The relentless pursuit of Satoshi's identity misses the point entirely. Bitcoin's true strength lies in its decentralized nature, and that includes the anonymity of its creator.
Focusing on Satoshi's identity detracts from the real value of Bitcoin: its potential to revolutionize finance and empower individuals. True Bitcoiners understand that privacy is fundamental to the system's integrity and its ability to thrive.
Let's celebrate the power of Bitcoin, not the mystery of its origin. The technology itself is the real story.

[fuguebtc]

There are many things that need to be differentiated, first some bitcoiners want to know Satoshi's identity just to see him, kill curiosity and to thank him, but it doesn't make sense to do so, why? The elite would kill him because he is the only one who has done something to make the economy that is known as traditional look ridiculous with all its flaws among the most prominent is inflation.

This is not as serious as you think because since the advent of bitcoin, our traditional economy looks outdated and old compared to bitcoin but as you can see, people still depend on it and still use it despite its many disadvantages. Even the elites are the ones who benefit the most from bitcoin because they use it as an investment to make profits, so I don't think the elites would harm him if they knew his real identity.

Bitcoin is not the only inflation hedge in the world, we also have gold, real estate... and many other assets before bitcoin appeared.

...I think that the enemies of bitcoin are in the governments and in the large corporations that want the btc to go to zero, which is almost impossible.

Why do governments and big corporations want BTC to go to zero when they are also investing in it? Blackrock is investing billions of dollars in bitcoin, the US government is holding over 200kBTC...they don't want bitcoin to go to zero or disappear like you said. Please do not spread Fuds and cause misunderstanding between the government and bitcoin.

[Raflesia]

Those who claim or who are claimed to be Satoshi only want to get a sensation and profit when they are considered and believed to be the truth no more than that, because in the end even if Satoshi is really revealed, everything will remain the same where bitcoin will continue to run as it should without being prevented or intervened by anything so that in this case what they want (who claims Satoshi) is just a sensation so that they get more benefits from their recognition.

I personally don't really care about that because I think taking care of so many faketoshi is now so draining that I prefer to think of it only as entertainment because when taken seriously they will try to convince more with the nonsense that they are really satoshi.

Quite surprising to me how influential Satoshi is, even in 2024, and he’s still brought up. I agree with the part about him being used more for entertainment now, mostly for clout by dragging other celebrities or famous people into the conversation. It’s almost like he’s become a myth that people latch onto his name to add mystery or credibility. At this point, it feels like the real Satoshi story is less about who he is and more about the history that he’s left behind.

Of course Satoshi will still be a big influence because after all if there is no Satoshi then there will be no bitcoin today so any form of activity that tries to be associated with Satoshi will definitely be a situation that can become hot especially with some of those who claim themselves Satoshi because apart from many who will question the truth (even though it is certainly not true) there will be some people who will consider this as a joke or in some others feel insulted because Satoshi is juxtaposed or claimed by that person.
So in the end this will still provide a situation where a lot of reactions will be created when someone claims they are Satoshi.

I personally find this entertaining because I think it is a funny thing where there will always be people who consider themselves Satoshi even though in the end there will not be many people who will believe it but are still confident in claims that they cannot prove.

[Jon_Hodl]

Satoshi's identity doesn't matter because Bitcoin is open source. 

The best thing Satoshi did was start bitcoin. The second best thing he did was walk off into the sunset and let bitcoin be decentralized.

[Abiky]

Before, I see the people that criticize Bitcoin as the enemies but they're not the real enemies. But if we cherry pick those that are pretending to be satoshi, there could be the real enemy in there. Like with CSW, he's a real enemy because he never stops doing his thing against those people that are enthusiastic about Bitcoin and those real people that have a contribution in the project. It's tiring to read your sentence mate because you don't use periods, you have to breath some air and pause.

Fraudsters like Craig? Nah. I don't think they are the enemy. Or worse, pose a threat to Bitcoin's very existence. People who pretend to be Satoshi are just looking for fame and fortune. They want to get all of the media's attention, with the hopes of influencing market prices to their own direction. Unless one of them proves they're the real Satoshi and moves BTC across the Blockchain, there should be nothing to worry about.

Like I've said before, governments are the real enemy. They come up with obstacles to help prevent Bitcoin from overcoming Fiat. The community needs to keep BTC decentralized if they want it to last forever. The day Bitcoin becomes centralized, will mark the end of it. Governments will be able to manipulate it or shut it down for good. Would be a shame for Bitcoin after it got this far. It's an unpredictable future, so I'd hope for the best.

[Hamza2424]

Satoshi's identity doesn't matter because Bitcoin is open source. 

The best thing Satoshi did was start bitcoin. The second best thing he did was walk off into the sunset and let bitcoin be decentralized.

Hmm, quite a similar perspective as mine and this is the essence of the entire discussion. Also Craig and everyone else are they still need to be discussed or entertained with attention. If you consider my strict words is just leave them such idiots never stop appearing just for the sake of some attention. many people think that if Stoshi re-appears he might be able to push Bitcoin further he cant do anything directly by just using his credibility or any announcement related to Bitcoin's future development which can influence the trust of other investors or maybe he can help any shitcoin with same his credibility and fanbase in the crypto market.

 

[kawetsriyanto]

Satoshi's identity doesn't matter because Bitcoin is open source.

I think Satoshi's role is always important. However, it is not necessary to reveal his identity because it just ruins the Bitcoin decentralization.

The best thing Satoshi did was start bitcoin. The second best thing he did was walk off into the sunset and let bitcoin be decentralized.

Sure. Satoshi has created and started the existence of Bitcoin. He already planned it to be decentralized, that's why he left Bitcoin. He may also be aware about the potential risks if he didn't walk off. It can be bad for Bitcoin existence and his safety. I'm sure everything is as Satoshi's expected. So, it is strange that there are people who always try to reveal the identity of Satoshi.

[SAFGJX]

Bitcoin is undoubtedly a secure digital currency for transactions. Due to which, as much as it has created popularity among everyone, it has also created curiosity among everyone. As a result, I do not think that Bitcoin has any enemies or there is no possibility of Bitcoin having enemies in the future. Because Bitcoin protects the privacy of buyers and organizes transactions securely.

On the other hand, many people have been trying to find Satoshi for many years. But so far, no one has been able to prove who Satoshi is. I think they may not be able to in the future either. Because we are more interested in Bitcoin privacy than finding Satoshi.

[alastantiger]

Those people that I can say that they are the enemies of Bitcoin where are the people who criticize Bitcoin but people who be at the name of satoshi nakamoto they are not the enemies of Bitcoin because is the name of someone that invented Bitcoin and they have the passion on it that is why they are bearing such name but for me I don't think that is advisable to be a such

Most Bitcoin critic are people that missed the opportunity to buy Bitcoin because they didn't believe it will be this popular or they didn't want to support something that'll take their jobs. Bitcoin critic always have something bad to say about bitcoin. When the prices is rising, they'll say it's rising too fast and when it's dipping, they'll call Bitcoin a scam. For most of this critics, giving them an opportunity to buy Bitcoin when it was newly launched, with them knowing what the future holds for Bitcoin, they'll buy that's why I don't take them serious or listen to anything they have to say. Some critics are being sponsored by the government and banks that don't want to lose their jobs. They make use of the media and other resources they have available to them for pushing their agenda. But their plans aren't going to manifest because of the rate at which Bitcoin ignore them and continue to progress.

[Z_MBFM]

Revealing The Identity of Satoshi Nakamoto may cause a temporary fluctuation in Bitcoin price cause he is holding two percent of supply. But in long run this own matter think about the big pictures. Everyday Bitcoin is getting accepted by more and more people if you do the survey there is only 2% of the world population owns Bitcoin.

If this continue to grow identity of satoshi naka Moto won't be any matter but you know what is scary for me currently is that a lot of institution didn't book they are unrealised pnl. I am thinking that is there book their profit and closed there and realised pnl how much the market Can dump .

Retailer don't hold the price of bitcoins so their must be a scary scenario is the book there umbrealized pnl that is my point of view currently.

[mindrust]

Satoshi's identity doesn't matter because Bitcoin is open source. 

The best thing Satoshi did was start bitcoin. The second best thing he did was walk off into the sunset and let bitcoin be decentralized.

I don't think that's true. If satoshi makes himself public, he will have to make speeches about crypto and he will have to power to move a multi trillion dollar market. He can crash or pump the markets with a word that comes out of his mouth. He is probably a stronger person than both Elon and Trump combined at the moment. Having that kind of power in his possession is dangerous af so he better stay anonymous. And I don't even need to mention the amount of bitcoins he owns. ( a million )

I hope we never find out his real identity.

[Onyeeze]

I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

I have not see anyone who is interested to know direct privacy of bitcoin, bitcoin is one kind something I know that deals with understanding, so privacy of bitcoin is constant and it can't be reviewed, from my understanding of bitcoin what I know that people know of bitcoin privacy is the technology aspect of bitcoin, so let with that I believe that you nothing ryar concerns the privacy of bitcoin people know again, so asking or trying to know the privacy of bitcoin as satoshi know, I think that it will not be possible for them.

[KingsDen]

I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

You need to understand humans and tolerate them. In as much as I believe that revealing Satoshi's identity has no benefit to the bitcoin community, there are those who are naturally inquisitive and they will tend to know the original and creator of Bitcoin before they'll invest in it.

There are historians who also are bitcoiners. There are researchers who also are bitcoiners. So, you don't because you want to believe bitcoin and tell them to leave their professions. Trying to uncover the identity of Satoshi doesn't make anyone less a bitcoiner.

[danadc]

There are many things that need to be differentiated, first some bitcoiners want to know Satoshi's identity just to see him, kill curiosity and to thank him, but it doesn't make sense to do so, why? The elite would kill him because he is the only one who has done something to make the economy that is known as traditional look ridiculous with all its flaws among the most prominent is inflation.

This is not as serious as you think because since the advent of bitcoin, our traditional economy looks outdated and old compared to bitcoin but as you can see, people still depend on it and still use it despite its many disadvantages. Even the elites are the ones who benefit the most from bitcoin because they use it as an investment to make profits, so I don't think the elites would harm him if they knew his real identity.

Bitcoin is not the only inflation hedge in the world, we also have gold, real estate... and many other assets before bitcoin appeared.

...I think that the enemies of bitcoin are in the governments and in the large corporations that want the btc to go to zero, which is almost impossible.

Why do governments and big corporations want BTC to go to zero when they are also investing in it? Blackrock is investing billions of dollars in bitcoin, the US government is holding over 200kBTC...they don't want bitcoin to go to zero or disappear like you said. Please do not spread Fuds and cause misunderstanding between the government and bitcoin.

I'm not spreading Fuds, I'm just telling the truth. Fortunately, Trump won in the capital of the world and that's already a guarantee that things will go in another direction. I don't like to assume or make assumptions in the case that Kamala Harris had won, but it would have been a disaster for the market.

For many years it has been known that no government except El Salvador had liked BTC, as Bukele said. He did impose authority and that his government is valid, something that didn't sit well with the other governments in the world, or am I wrong ? If you go to Spain and declare BTC, Hacienda will strip you if it can and leave you on the street, then don't they contribute to not doing things right? I want to see the impact of these countries that ban bitcoin, they will still adapt because it will be their turn, not because they want to.

[fuguebtc]

I'm not spreading Fuds, I'm just telling the truth. Fortunately, Trump won in the capital of the world and that's already a guarantee that things will go in another direction. I don't like to assume or make assumptions in the case that Kamala Harris had won, but it would have been a disaster for the market.

Do you think Biden and the Democrats are a disaster for bitcoin? If they were also disastrous for bitcoin, why were bitcoin ETFs approved, and then bitcoin skyrocketed to $73k in March of this year? I agree with you that if Harris wins, it will be pretty bad for the market but not a disaster. There may be disappointment and the market will dump but that is only short term, it cannot last forever.

For many years it has been known that no government except El Salvador had liked BTC, as Bukele said. He did impose authority and that his government is valid, something that didn't sit well with the other governments in the world, or am I wrong ? If you go to Spain and declare BTC, Hacienda will strip you if it can and leave you on the street, then don't they contribute to not doing things right? I want to see the impact of these countries that ban bitcoin, they will still adapt because it will be their turn, not because they want to.

You have to understand that, in the position of government, they are responsible for protecting the country, protecting the economy, the lives and safety of the people...they have thousands of things to worry about. So it is understandable why they are not in a rush to adopt something new, they need time to evaluate before taking a final stance on them. That is why after 15 years, many governments are becoming more friendly to bitcoin. Everything takes time, especially when it affects the entire country and not just 1 or 2 individuals.
Luckily, bitcoin has been successful and brought us many benefits, but if it harmed many people, I bet you would be glad when the government decided to block bitcoin soon. Instead of imposing your thoughts on others, put yourself in their shoes to know what they think.

Do you know why El Salvador loves bitcoin and is quick to legalize it? They are a country without their own currency, on the verge of bankruptcy and accepting bitcoin is considered the last resort they can try.

[betswift]

I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

You need to understand humans and tolerate them. In as much as I believe that revealing Satoshi's identity has no benefit to the bitcoin community, there are those who are naturally inquisitive and they will tend to know the original and creator of Bitcoin before they'll invest in it.

There are historians who also are bitcoiners. There are researchers who also are bitcoiners. So, you don't because you want to believe bitcoin and tell them to leave their professions. Trying to uncover the identity of Satoshi doesn't make anyone less a bitcoiner.

Those who learn about BTC and crave knowledge about it - can be called Bitcoiners. Those who try to unravel this rabbit hole - I wouldn't call such people the enthusiasts of the space. Much more is needed for that.

[fikrett]

Satoshi's identity doesn't matter because Bitcoin is open source. 

The best thing Satoshi did was start bitcoin. The second best thing he did was walk off into the sunset and let bitcoin be decentralized.

I don't think that's true. If satoshi makes himself public, he will have to make speeches about crypto and he will have to power to move a multi trillion dollar market. He can crash or pump the markets with a word that comes out of his mouth. He is probably a stronger person than both Elon and Trump combined at the moment. Having that kind of power in his possession is dangerous af so he better stay anonymous. And I don't even need to mention the amount of bitcoins he owns. ( a million )

I hope we never find out his real identity.

It's better to stay that way for himself and BTC too.
I think he is much smarter for staying nobody for everybody for such a long time.

[sarojan9980]

This is only the Curious thing that's it, reveal of satoshi identity does't affect the growth of bitcoin, even it can help bitcoin to grow up because we know the first block chain creator so only,

[Rustam Meraj]

Revealing The Identity of Satoshi Nakamoto may cause a temporary fluctuation in Bitcoin price cause he is holding two percent of supply. But in long run this own matter think about the big pictures. Everyday Bitcoin is getting accepted by more and more people if you do the survey there is only 2% of the world population owns Bitcoin.

If this continue to grow identity of satoshi naka Moto won't be any matter but you know what is scary for me currently is that a lot of institution didn't book they are unrealised pnl. I am thinking that is there book their profit and closed there and realised pnl how much the market Can dump .

Retailer don't hold the price of bitcoins so their must be a scary scenario is the book there umbrealized pnl that is my point of view currently.

I agree that revealing Satoshi Nakamoto identity may briefly affect Bitcoin price. However as more people use Bitcoin this issue will fade. Currently only 2% of world population owns Bitcoin leaving room for growth. I share your concern about big investors unpaid profits. If they cash out market might drop significantly.

Individual investors can not keep prices up alone so institutional actions matter. We should watch what big investors do and how it affects market. Other important factors include changes in laws and global economics and investment strategies.

[poswallhamza]

I want the mystery to be solved and am not afraid it will hurt Bitcoin. If, for example, Adam Back is Satoshi and he dumps his 1 million or whatever coins the price will nosedive but I will buy the dip. I´m a long-term investor and the price will climb back up and I´ll be rich when I retire.

You have a great mindset! Even if Satoshi’s identity is revealed and those coins are sold, causing a temporary price drop, Bitcoin’s long-term value remains strong. Smart investors like you know such dips are opportunities, and Bitcoin has consistently bounced back over time. Stay focused on the bigger picture—patience pays in crypto!