Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
I came across that clip on “X” formally tweeted and he was so positive and emphatically so on this view of Bitcoin. Well, we can’t blame him for his ideas and why he thinks it so given how Bitcoin has thrived on the pseudo character od Satoshi Nakamoto but, we must also acknowledge that the invention is greater than the founder as it is.
Who do i say that, Bitcoin in today thrives on the will of the people. Now this brings me to this, when the idea of having to flood the market with Bitcoin comes to mind;
when they have satoshi Nakamoto in their custody, they will first of all make him send all his bitcoin to them, which is 1 million bitcoin, and when that happens, they will sell all the bitcoin and when they do that bitcoin will automatically go to Zero. And again Decentralization myth could weaken.
After they sell it, what do they think would be the stands of those that are buying? What would be the reason on having to buy? Would people be buying for the sake of throwing their money away..? I think not.
The idea of decentralization being weaken but, not destroyed and that’s because, when these coins get in the hands of other Bitcoin enthusiasts, it would be their legal property just as Satoshi Nakamoto’s Bitcoin hodlings remains their legal property and can’t be forced off them by any legal system.