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

[macson]

That would only be if the US government were able to capture Satoshi, but from then until now, they haven't even been able to reveal who Satoshi really is, so what's there to prove?

So I don't think it's necessary to say that if Satoshi were to be captured, it would be like this, because that's simply unrealistic, as Satoshi has already covered his tracks, and it would be impossible for anyone to prove who he really is.

[Cleanslate_]

That's not true for a man that has made a great impact in the history of mankind to help alleviate poverty and improve the standard of living of so many persons in the world.

I don't think it will be possible arresting Satoshi for creating bitcoin, instead he will be well recognized globally and Bitcoin will not go to zero but instead increase in price making people wanting to have more of it .

Bitcoins was made decentralized because even himself cannot have a full and total control of it, what about is group that all created Bitcoin, what if they have several roles and ideas to play in retrieving necessary codes to unlock Bitcoin and one out of them is already gone, of what use will Satoshi's arrest be to them .

[Kelvinid]

That's already too late, bitcoin is already well established and any group or entity will not have the power anymore to break bitcoin and shut it down.

In fact, they have been targeting Satoshi for so long but then again no one comes out, so maybe they have accepted the reality that Satoshi is already dead or probably the name Satoshi does not exist anymore, so the government will surely be struggling on this issue if they won't leave Satoshi for good.

Satoshi is known to be wise and brilliant, so what is happening today has already been foreseen by Satoshi, the reason why he stays anonymous all this time.

[TastyChillySauce00]

I don't think that's true. We got tons of altcoins and their founder is known, yet their altcoin that have minimal utility isn't going to zero.
Bitcoin is as decentralized as a digital currency can be, there is nobody to control but through consensus of miners, even if the creator of bitcoin is known, it has nothing to do with the creator anymore because the blockchain already runs on its own.

It's like any community takeover.

[Smartvirus]

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.

[X-ray]

There are so many IFs coming from fudders and none of them become reality.

If the internet collapse, if electricity gone, if solar flare wipe magnetic data that causes the blockchain to be wiped from the storage drive. All of them is nothing but just a wishful thinking.

Even if everybody sell their bitcoin, the price would never go to zero in a literal sense, that's just not possible and no, if we know who is Satoshi Nakamoto, that doesn't really change the stance of the bitcoin holders on their conviction to hold bitcoin.

[virasisog]

Nope, I don't think that Bitcoin would be worthless if we knew who is the creator, there are other crypto that is doing well right now even though their creators intormation are shared or known to the public.
It might create some wave but it wouldn't turn Bitcoin price to zero.

[taufik123]

Nope, I don't think that Bitcoin would be worthless if we knew who is the creator, there are other crypto that is doing well right now even though their creators intormation are shared or known to the public.
It might create some wave but it wouldn't turn Bitcoin price to zero.

Those who say being Zero are only those who don't support Bitcoin or those who just want the price to really go back to the beginning.
If satoshi does appear there will be a lot of speculation going on and indeed the price will be completely unstable,
between those who still believe and those who want to sell because it will be very sensitive when the creators of Bitcoin appear.

Satoshi remains anonymous until now not without intention, but Satoshi wants Bitcoin to be known and developed not because of his real identity, but because Bitcoin is useful until now.

[Mahiyammahi]

you have some excellent thought about it OP but 2% of the supply of bitcoin doesn’t mean that it will cost to zero. we may see a short time huge volatile, which can make bitcoin goes lower than all time low. But it does not mean that it will go zero just cause of one person.

I would say that if that amount circulated in market, a lot of people will have the opportunity to buy those bitcoin in cheap price. So I think rather than being afraid of this, you should consider this lifetime chance.

[Patikno]

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 we only knew who created Bitcoin, then I don't think its price would necessarily go to zero, unless there was a sale of Bitcoin by its creator, either directly (if still alive) or indirectly (taken over by a certain individual/group). Okay, let us try using your assumptions. Let us say the 1 million Bitcoins you mentioned were sold, creating a stir in the crypto market, so many people would sell their Bitcoins, but would everyone sell? I don't think so, I am sure there would still be many people holding onto their Bitcoins, and that would make it difficult for Bitcoin price to go to zero. However, I don't believe that Bitcoin creator will ever be revealed, and the scenario you mentioned is unlikely to happen to me personally.

By the way, I am sure that Bitcoin will always be fought over by many people at any time, especially if the price drops sharply, and actually, it will make Bitcoin rise again. Cmiiw.

[Maslate]

Well, I respect your belief but I do not think that what you said will likely happen.  Sure we can create diffrent scenario and argue about what wiuld really happen if this x and y scenario happen but we cannot deny the fact that what we are discussing is just an illusion and is not realistic because it did not happen.

And it would be far to happen even in the future. Satoshi most probably has seen this in advance so he chose to make an early exit from the forum and stay away from the spotlight from then on. He saved not just his own self, but the bitcoin community as well.

This assumption will always remain an illusion, Satoshi is a brilliant man, he will never put his own self and his own invention into danger.

[Miles2006]

Imagine this opinion is accurate then there’s no freedom in the nation anymore, it’s never that easy except there’s an allegation towards Satoshi with either a question of character or something else then I would consider this assumption as real. In this situation Satoshi is unknown, if Satoshi ever plans to reveal the real identity then it’s left for Satoshi to decide but, viewing the well-being of Satoshi is important I guess so many hate towards bitcoin talk more of the founder if real identity is given, basically nothing will happen to bitcoin yet safety is important and Satoshi knows the reason why the identity must be kept private.

[Yamifoud]

That's probably a wrong assumption. Maybe if bitcoin was still in its early stage and is still building its foundation, the price would easily go to zero. But bitcoin today is far different from before, it has already built its own brand and no matter where you go, bitcoin is already famous, regardless if what they believe are those  the negative sides of bitcoin.

Satoshi has been lost for over a decade, and bitcoin has performed well even without its founder. So even if they will find out where Satoshi is, that won't change a thing, that won't make a big difference.

[LogitechMouse]

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,

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.

You don't know what the capabilities of the Government are especially the US Government.

If Satoshi for example lives in the US, there's a chance that the Government will try and force Satoshi to give those 1M Bitcoins to them (assuming that Satoshi still has the keys to that Bitcoins), then the Government will just seize it just like what they did with mixers, and although the thing with mixer isn't the same with this one, the point here is, they can just confiscate those Bitcoins because... they want to. As for Satoshi not revealing his/her/their identity, I guess it's just better to say that it's good that Satoshi remains anonymous because of security reasons, and also for him/her/they not to be a target of the government.

Will Bitcoin's price go to zero though if Satoshi isn't anonymous? I don't think so, and I think as of this moment, the price of Bitcoin isn't correlated right now to whether Satoshi's identity remains anonymous or not.

[X-ray]

That's probably a wrong assumption. Maybe if bitcoin was still in its early stage and is still building its foundation, the price would easily go to zero. But bitcoin today is far different from before, it has already built its own brand and no matter where you go, bitcoin is already famous, regardless if what they believe are those  the negative sides of bitcoin.

Satoshi has been lost for over a decade, and bitcoin has performed well even without its founder. So even if they will find out where Satoshi is, that won't change a thing, that won't make a big difference.

That's the core knowledge that they don't understand. Bitcoin right now is owned by no one and only 51% attack can pose a threat, but nobody is going to spend the entire planet's money just to attack bitcoin and do 51% attack.

The assumption that if creator of bitcoin is known would send bitcoin to zero is wrong on so many levels. People buy and hold bitcoin because the good technology behind it, not because someone tells them to.

Normal bitcoin holder won't even care about who created bitcoin because they are more fixated on investing into the tech.

[Pressurizedem]

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.

The government had no clue about who Satoshi Nakamoto is and they've been scouting for this man for years. He might actually be a lady and disguise like a man, hahahaha. There are more tangible results to uphold to because there have been some dump and pumping moves in the market. Some favour investors while some would make your trading accounts to liquidate.

Bitcoin is major one in the market. Satoshi Nakamoto have decided to remained anonymous because these top whales already have plans to bring him down. Do you know what they did to Luna CEO? He was sued and the same thing happen to Binance CEO, Changpeng Zhao. They're both allegedly accused of money laundering and scamming, do you know when a project dip, these investors are openly looking for the CEO and blame them for these dips inother to cash out. There are more compressing issues and Satoshi Nakamoto is a wise inventor.

[AprilioMP]

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.

One person's statement in a video clearly states that the price of Bitcoin will become zero if Satoshi's identity is revealed. There is no legally valid reason to detain Satoshi if the real Satoshi voluntarily introduces himself to the public.

I think that when the real Satoshi reveals himself to the public, whether he is from the United States, Australia, or another country, they have no right to ask for the Bitcoin he owns. Instead, governments should reward him for his work, which has enabled many people to gain something they could not find in other systems.

[Publictalk792]

Idea that survival of Bitcoin depends on Satoshi Nakamoto being mystery is popular idea in crypto space, most well known by businessman Dan Pena, who is of view that Bitcoin would fall to zero should its creator be shown or have links with hated person. Although it is true that government claiming what Satoshi owns of 1.1 million Bitcoin would perhaps start wide quick crash in case they sold those coins at same time, Bitcoin network has already become a 1.3-trillion asset worldwide with millions of users who would most likely be willing to buy these cheaper coins. Un-owned system shape would usually fight such changes even in case creator is arrested or pressured to change rules since thousands of individuals running Bitcoin nodes would say no to such changes to keep original code. Hidden name of creator, being peaceful group, people say that although hidden name of creator is excellent protection but real power of Bitcoin is its open mathematics, which cannot be easily broken, even if face of its writer is later found.

[Rockstarguy]

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,

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.

If satoshi is being discovered right now i dont think anything will happen to him or bitcoin because already most countries are engaging in bitcoin and it is of good benefit.

But if it was in the early days of bitcoin when the government hated bitcoin and tried all they can to control it if they had discovered Satoshi i know they still wont be able to do anything to bitcoin because it is decentralized but satoshi life will be in a big risk because of the hatred they had for bitcoin would have been transferred to satoshi and the main reason for this is because since they cant do anything to bitcoin.

[Vaculin]

That would only be if the US government were able to capture Satoshi, but from then until now, they haven't even been able to reveal who Satoshi really is, so what's there to prove?

So I don't think it's necessary to say that if Satoshi were to be captured, it would be like this, because that's simply unrealistic, as Satoshi has already covered his tracks, and it would be impossible for anyone to prove who he really is.

There's no possibility that Satoshi will still be found and get captured because with the length of time that Satoshi  has been anonymous, he has master already how to hide from the spotlight and stay away from those people who might link him to bitcoin. Or there is even no guarantee if he's still alive, so it would be a waste of time for the government to keep looking for a person who has been invisible for over a decade.

There are countless fake Satoshis who appear from the news and social media, but none of them fit the descriptions we have from the real Satoshi.