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Author Topic: Identify of Satoshi Required for Bitcoin Currency?  (Read 149 times)
Darker45
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Today at 06:05:22 AM
 #21

The identity/identities of Satoshi is irrelevant to its adoption.

Bitcoin's hindrance to become a mainstream monetary system isn't Satoshi's anonymity. Knowing the person/persons behind the pseudonym doesn't in any way address volatility, scalability, regulatory uncertainty, and other issues.

On the contrary, knowing Satoshi would be detrimental to Bitcoin. I'm sure Bitcoin critics would go into ad hominems in order to try bring down what's otherwise beyond anybody's capacity to destroy.

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Today at 06:26:20 AM
 #22

Thoughts on this. In order to have Bitcoin achieve better credibility to be used more mainstream as a world money system,
Do you think it is important to find the final answer on who Satoshi is actually or was?
Would this bring more confidence to majority of the population in order to want to use BTC as the mainstream money system?

Do you think if we find out the identity of Satoshi that it would increase value? or would it decrease?
First things first, if we, or you, are thinking that Bitcoin could actually become the only system to remain in the world by replacing all the fiat currencies that currently exist then we/you are wrong, because that's not happening, not in a thousand years, because governments are not going to let that happen because the current monetary systems are completely under their control, and they wouldn't let an asset with basically a decentralized system or network take over and take most of the control out of their hands, because if that happens, they won't be able to control any bitcoins other than the ones kept in centralized platforms, self-custody and non-custodial wallets and funds can't be controlled by them.

With that being said, I don't see any reason or logic for why someone would want to know the identity of the creator of a decentralized asset before they use it. I mean, it's not like it's controlled or centralized and you want to know who is the one controlling it, it's decentralized, the network runs through the work put in by miners and it's totally community-controlled, not controlled but powered, I guess. So, there is no reason for anyone to say that they won't use Bitcoin as a currency if they don't know its creator. If people think this way, I think they are better with the fiat currencies they are using.

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Today at 08:17:12 AM
 #23

Thoughts on this. In order to have Bitcoin achieve better credibility to be used more mainstream as a world money system,
Do you think it is important to find the final answer on who Satoshi is actually or was?
Would this bring more confidence to majority of the population in order to want to use BTC as the mainstream money system?

Do you think if we find out the identity of Satoshi that it would increase value? or would it decrease?

why or why not?
I don't think that knowing Satoshi Nakamoto's identity is essential for Bitcoin to be recognized as a global currency. Rather, if his identity is identified, it will create a difficult and risky moment for Bitcoin, and whether Bitcoin will be able to withstand that difficult and risky environment is also a matter of concern. In other words, there seems to be no need to identify Satoshi. At the moment, Bitcoin is in a safe position without Satoshi's identity being identified, and when it is possible to identify Satoshi or to identify proof that he is alive, then perhaps Bitcoin will not be a decentralized currency, then Bitcoin will manifest its centrality, which is not a positive aspect for Bitcoin at all.











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