"if we know who created bitcoin it would go to zero"

[Ambatman]

I'm still trying to understand how you came to this conclusion.

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

There's no guarantee that he still has his keys
He can lie to have lost it
And selling it's one million Bitcoin wouldn't take Bitcoin to zero.

If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero,

Bitcoin has grown to the extent they won't want to go fail but find a way to control it even if it's indirectly
Like KYC and CEX.


So you just spreading unnecessary FUD

[NeuroticFish]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero, and doing it would have been very easy for them, because 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. The only reason Bitcoin is still existing and growing bigger and better is because the creator of bitcoin decided to make him self anonymous till date.

So let me understand, Bitcoin is the only coin that US govt sees as a threat, right? Because for a lot of other coins - Litecoin, Ethereum and so on - this never applied.
Even more, if Satoshi identity would have been revealed, it would have happened many years ago when "his" stash was not this valuable.

Imho you just gather some pieces of info that make your story look valid, not mentioning that "what would have happened if" is an alternate past that doesn't matter at all.

PS. I was reading that lately US govt is pro-bitcoin.
PPS. There's a better chance the advance of technology would make Satoshi addresses/coins unsafe. But imho we'll colonize Mars before that.

[Joy- maker]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero, and doing it would have been very easy for them, because 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. The only reason Bitcoin is still existing and growing bigger and better is because the creator of bitcoin decided to make him self anonymous till date.

While I was reading through your thread, I was just howling with laughter, because you don't know what you are saying.  Because I don't understand how knowing Satoshi nakamoto will make Bitcoin go to zero. And It is high time you guys stop listening to DAN PENA, because with his age, there is no doubt that he have dementia.

Buddy, if the US government find Satoshi nakamoto today, which am sure they can't find him. there is no way Bitcoin is going to zero,  why because Bitcoin fate doesn't depend on him.  Or have you forgotten that,  Bitcoin is open source? That anyone can see the code including you? Bitcoin is decentralized, no person, no government,  nor central entity is controlling Bitcoin. And it seems that,  you have also forgotten that Bitcoin is runed by thousands of nodes nationwide?  And  even if Satoshi nakamoto appears today,  there is no way he can change the code alone,  there is no way he can shut down the Bitcoin network,  and there is no way he can force or node to obey him.

[Ndabagi01]

The only reason Bitcoin is still existing and growing bigger and better is because the creator of bitcoin decided to make him self anonymous till date.

Decentralization works best this way and if in anyway the founder of Bitcoin has been known, we wouldn’t have come this far with this technology, it would have been a dead project even at the time of it starting to take off. Satoshi Nakamoto being anonymous is the best thing that has happened to Bitcoin since its inception and I really hope that it’ll remain like this forever. Anything that will stop or hinder the growth of this technology should be avoided by all means and that is including Satoshi remaining anonymous forever. Bitcoin has come so far to be affected by anything that could make it fall, it would most definitely remain at the top and keep excelling.

[Alphakilo]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero, and doing it would have been very easy for them, because 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. The only reason Bitcoin is still existing and growing bigger and better is because the creator of bitcoin decided to make him self anonymous till date.

So let me understand, Bitcoin is the only coin that US govt sees as a threat, right? Because for a lot of other coins - Litecoin, Ethereum and so on - this never applied.
Even more, if Satoshi identity would have been revealed, it would have happened many years ago when "his" stash was not this valuable.

Imho you just gather some pieces of info that make your story look valid, not mentioning that "what would have happened if" is an alternate past that doesn't matter at all.

PS. I was reading that lately US govt is pro-bitcoin.
PPS. There's a better chance the advance of technology would make Satoshi addresses/coins unsafe. But imho we'll colonize Mars before that.

We would definitely colonize Mars before it happens, because I think it is highly unlikely for Bitcoin to go to zero even if the creator was known.
For one, Bitcoin has evolved over the years without any interference from the creator or a board or chairman who controls affairs, instead from collective effort of developers and other people who ensure it functions efficiently. It may however, cause a serious volatility, maybe price drop and cause panic, but am sure this won't be enough to end the evolution of Bitcoin, which has been programmed in the network to keep producing blocks every 10 mins.

[taufik123]

All will be focused on the maker, whatever it is, when it comes down then what is sought is the original maker and he will be demanded a lot for that decline.
Just imagine how many threats will be made by people who lose money due to Bitcoin losses when they crash, but more stupid people do just that.

Bitcoin is unique in that its creators still remain anonymous and no one can reveal who the original creator is despite being referred to as Satoshi Nakamoto as a nickname for the public.

If Satoshi reveals himself, it will probably also have an effect on the sentiment of the crypto market and he will be seen as the richest person on this earth with millions of Bitcoins.
Exposed like other altcoin makers like Ethereum created by Vitalik Buterin, BNB with CZ and they have a huge influence on every sentiment and statement they make to the public.
Just imagine that the sentiment of their Coin market depends on how they decide or a narrative they as developers.

And if Satoshi doesn't become anonymous anymore, not only Bitcoin will be affected, but the entire crypto ecosystem will be affected by every opinion and what he shares,
but he chose Anonymous so as not to disrupt market sentiment and let Bitcoin do it on its own with its strong community and people who continue to believe in Bitcoin.

[khiholangkang]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero, and doing it would have been very easy for them, because 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. The only reason Bitcoin is still existing and growing bigger and better is because the creator of bitcoin decided to make him self anonymous till date.

That's your negative scenario, I think there is another scenario too, maybe Satoshi will get a Nobel prize, after all why would the government ask for bitcoins held by Satoshi, if they are wise and just they don't need to rob like that and isn't that the result of Satoshi's mining? why should they take it instead!

Hiding identity is not to avoid these things, it is precisely the principle of bitcoin itself, you can transact without having to have a third party as a provider and you also don't need to reveal your real identity to transact, this anonymity is created to maintain sovereign privacy.

[AakZaki]

What conspiracy are you making, you are making it up. Satoshi is not a bad guy why he should be arrested. I find it strange with your statement, if the owner of Crypto or the developer of Crypto is considered a threat, why didn't he arrest Vitalik Buterin, CZ or whoever the developer of the Coins is clearly currently found.

I don't think the US government will care about Crypto developers including Satoshi, they only care about criminals who will interfere with the sovereignty of their country. So what you're saying is just nonsense.

[Stalker22]

I think thats just foolish.  Satoshi doesnt have any control over miners or nodes.  Whether or not Satoshi is alive or in the public view has nothing to do with how Bitcoin functions on 1000s of computer around the world.  People dont trust Bitcoin because they "trust" Satoshi.  They trust the open-source code that is available to be used by anyone who wants.  

And by the way, what about 144,000 Bitcoin from the Silk Road that government auctioned, did that make Bitcoin go to $0?  No.

[Japinat]

I doubt if it will be the case then. Even if Satoshi will be known by them and then force him to sell all his bitcoins, bitcoin price will only be affected temporarily and eventually recover its price after couple of months. Let's just accept the fact that bitcoin's growth and influence have now become inevitable these days that even Satoshi itself could not stop it.

Bitcoin's going to zero only exists in our imagination, but in reality bitcoin will never drop into zero value again.

[xLays]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero, and doing it would have been very easy for them, because 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. The only reason Bitcoin is still existing and growing bigger and better is because the creator of bitcoin decided to make him self anonymous till date.

For now, I believe it because that’s what we’re seeing. We still don’t really know who created bitcoin or who is truly behind it. Maybe once we finally discover who Satoshi Nakamoto is, or who actually made bitcoin that’s the only time we’ll know the real answer.
So at this moment, since bitcoin already has value and no one knows who Satoshi Nakamoto is, I agree with your post. As long as Satoshi’s identity remains unknown, bitcoin keeps its value. But if someone eventually proves who Satoshi really is, the bitcoin could lose its value and possibly drop to zero.

[Fivestar4everMVP]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero, and doing it would have been very easy for them, because 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. The only reason Bitcoin is still existing and growing bigger and better is because the creator of bitcoin decided to make him self anonymous till date.

Well, your argument doesn't seem well analysed if you ask me, if the US government knew who satoshi nakamote is and captured him and made him to send his 1 million bitcoins to them, on what grounds or reason are they going to be doing this? Is satoshi a criminal? Did he stole the 1 million bitcoin? The answer is "no", so why would the US government capture him and want him to forfeit his bitcoins to them?

And secondly, assuming indeed, the US captured satoshi nakamoto, collected all his bitcoin and their plan was to destroy bitcoin to make it not exist anymore, isn't it a crime if they decided to sell same bitcoins to the general public and masses and there after destroy bitcoin, making their self to gain while the masses lose money?
Personally, I think if we knew who the creator of bitcoin is or was, the price of bitcoin won't go to zero at this stage, but his life is going to be in danger because just as he has friends who will be celebrating him, he will also have enemies who would want him out of this world as a way to destroy bitcoin.

[Muba20]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".

It is true that if anyone, especially the US government, knew about the origin of Bitcoin, they would have done so long ago. If Bitcoin was not decentralized, people would not have faith in it. That is why its price would have reached the bottom in a short time. I think that if the US government had that power, they would have done it long ago. They could have recovered their national debt that their country has through Bitcoin, but the truth is that they did not get it and will not get it. Every time they tried to find out the truth, they made mistakes. They can only suspect but they will never find the real creator of Bitcoin.

[ColdLava40]

I disagree, if Satoshi should appear to the public today, they will only go after him and do nothing about bitcoin, because y has been created and went global, being a decentralized digital currency, even himself Satoshi cannot stop bitcoin, because he never made it a centralized coin, now let's wake up from the dream, we can never know who Satoshi is, because he's the source to the privacy we are all having and appearing to the public could only be of harm to him and not on bitcoin.

Well let's not hope for such. We all understand that once a speculation has already been filled, the public would normally react to it.

There's every tendency for bitcoin price to be heavily affected if for instance the individual behind it's creation finally proves his identity.

Fear would plument as many investors would rush to sell off as they already know that government would find every possible ways to take him down and try to control bitcoin.

It wont be going to zero as regard price because bitcoin has for long past such stage. But there will be a significant drop in price..

[davis196]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero, and doing it would have been very easy for them, because 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. The only reason Bitcoin is still existing and growing bigger and better is because the creator of bitcoin decided to make him self anonymous till date.

If the US government really wants Bitcoin to go to zero(or close to zero), they could just ban Bitcoin trading and mining in the USA.
Did Satoshi Nakamoto do something illegal by creating Bitcoin? Does the US government have any legal justification to capture Satoshi Nakamoto and confiscate his Bitcoins? How the US government is going to confiscate those Bitcoins, if they don't know Satoshi's password and private keys? Will Satoshi ever agree to give them his private keys? What if Satoshi Nakamoto is dead and nobody can arrest him and confiscate his BTC? So many questions and no answers...

[hero_the_bossman]

It could of happened at the start of the road, but not now, when the govs themselves get the pros of BTC partially..

It's only your speculation about it, OP

[notocactus]

Dan Pena was right when he said and I quote "if we know who created bitcoin it would go to zero".
If the US government was able to know and fine Satoshi Nakamoto they would have made sure that Bitcoin go to Zero, and doing it would have been very easy for them, because 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.

It won't happen that way, Bitcoin won't go to $0 because Satoshi Nakamoto identity is known and the founder is still alive at the time.

Governments can not force Satoshi Nakamoto to send all bitcoins he has to US. government's Bitcoin address, or in the other words they can not seize his bitcoins arbitrarily. In addition, even if they can do that, it's just that, nothing more, and they will have about 1 millions of bitcoins to hold or to dump on the market while there are more coins owned by the other people.

Governments can not stop Bitcoin blockchain, can not change the Bitcoin protocol just by arresting Satoshi Nakamoto and putting the founder in jail.

Decision to disappear and leave the community of Satoshi Nakamoto is a gift for us but even if he is still here, it does not make Bitcoin worse too much as Bitcoin blockchain fundamentally and technically is decentralized.

[nemesis_incarnate]

I doubt if it will be the case then. Even if Satoshi will be known by them and then force him to sell all his bitcoins, bitcoin price will only be affected temporarily and eventually recover its price after couple of months. Let's just accept the fact that bitcoin's growth and influence have now become inevitable these days that even Satoshi itself could not stop it.

Bitcoin's going to zero only exists in our imagination, but in reality bitcoin will never drop into zero value again.

It could of worked in the start, imo, but now.. It's too late to hit the brakes, the gov guys themselves are in BTC, literally, and they wouldn't want to get that profit that they may get into the bin

[free-bit.co.in]

I doubt if it will be the case then. Even if Satoshi will be known by them and then force him to sell all his bitcoins, bitcoin price will only be affected temporarily and eventually recover its price after couple of months. Let's just accept the fact that bitcoin's growth and influence have now become inevitable these days that even Satoshi itself could not stop it.

Bitcoin's going to zero only exists in our imagination, but in reality bitcoin will never drop into zero value again.

The prospect of Bitcoin falling to zero is still possible, Bitcoin is not immortal. That would happen if there were a critical vulnerability in the protocol or a prolonged and unfixable 51% attack. Or perhaps technological advancements will render Bitcoin obsolete...However, Bitcoin will not fall to zero just because of someone, including its founder, because it is not dependent on any individual or organization.

Satoshi created it, but Bitcoin is operated by the community. Bitcoin's existence today is due to its uniqueness and core characteristics, not to Satoshi's fame.

[hero_the_bossman]

I doubt if it will be the case then. Even if Satoshi will be known by them and then force him to sell all his bitcoins, bitcoin price will only be affected temporarily and eventually recover its price after couple of months. Let's just accept the fact that bitcoin's growth and influence have now become inevitable these days that even Satoshi itself could not stop it.

Bitcoin's going to zero only exists in our imagination, but in reality bitcoin will never drop into zero value again.

The prospect of Bitcoin falling to zero is still possible, Bitcoin is not immortal. That would happen if there were a critical vulnerability in the protocol or a prolonged and unfixable 51% attack. Or perhaps technological advancements will render Bitcoin obsolete...However, Bitcoin will not fall to zero just because of someone, including its founder, because it is not dependent on any individual or organization.

Satoshi created it, but Bitcoin is operated by the community. Bitcoin's existence today is due to its uniqueness and core characteristics, not to Satoshi's fame.

Ideals of BTC won't let it fall.

If it happens, it's due to technicalities.. Or because something better was invented and pushed forward, but it probably won't happen in our lifetimes