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Author Topic: why do people trust bitcoin if we dont know who satoshi is?  (Read 532 times)
Antotena
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Today at 05:41:11 PM
 #61

I can say that it will even take more than knowing who Satoshi is to trust Bitcoin, alot of people will still not believe or have this trust on Bitcoin even if they knew who Satoshi is, good enough no one is being persuaded to trust the system, the good thing is that the dreams of what he created has come to light and is working regardless of him being anonymous, it is a choice anyways to see the worth of Bitcoin and get involve with whatever that has to with it, Bitcoin is functional that is what should matter more than getting to know who the creator is.

OP is just been paranoid. How many crypto team have we know with stories that never ended well. Dokwon used to be that guy that launched over collateralized stable coin, people trusted him with all their life investment and the guy single handedly sold brought everything down with his own hands. He was running around after the incident and was later arrested and yet people are worried about what they shouldn't worry, that's the least thing they need to face.

Bitcoin is decentralized, that alone is enough to leave Satoshi out of the picture. He doesn't control Bitcoin, it's the people that controls Bitcoin. Without the people, Bitcoin will die. If people left and it's only Satoshi, Bitcoin will die, so why worried about what you should never worry. Our focus should be the development and adoption of Bitcoin.

R


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Today at 06:05:52 PM
 #62

so i always think about this. people and big companies put millions into bitcoin but nobody knows who satoshi is. what if he comes back tomorrow? would the market crash? whales are risking huge money on something that depends on one unknown person. is this not a crazy risk? i dont get it. please share your thoughts.

That's the beauty of a quality investing, you don't necessary have to know who started the investment before you participate. Do you know who started the stock market or forex market but you invest in them and the same can be said about the crypto/Bitcoin market. Bitcoin is more than the creator, people investing aren't doing so because of the founder but because of the ideology and vision behind the innovation. It doesn't matter if Satoshi come back or hot, Bitcoin had grown above that currency he created in his basement or office. it's now a globally accepted decentralized currency and it'll take more than him having a controversy for it to ebd the market. They're investing the millions because they believe in the future of Bitcoin and you should do the same even though you don't have millions to invest but the little that you have should be used to secure a future for yourself.

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Today at 07:38:04 PM
 #63

so i always think about this. people and big companies put millions into bitcoin but nobody knows who satoshi is. what if he comes back tomorrow? would the market crash? whales are risking huge money on something that depends on one unknown person. is this not a crazy risk? i dont get it. please share your thoughts.

That's the beauty of a quality investing, you don't necessary have to know who started the investment before you participate. Do you know who started the stock market or forex market but you invest in them and the same can be said about the crypto/Bitcoin market. Bitcoin is more than the creator, people investing aren't doing so because of the founder but because of the ideology and vision behind the innovation. It doesn't matter if Satoshi come back or hot, Bitcoin had grown above that currency he created in his basement or office. it's now a globally accepted decentralized currency and it'll take more than him having a controversy for it to ebd the market. They're investing the millions because they believe in the future of Bitcoin and you should do the same even though you don't have millions to invest but the little that you have should be used to secure a future for yourself.

We don't really need to know anything about the founder, what should propel us to investing into Bitcoin is the value it has created for itself. First things to consider is it's core values. Secondly, if something is tested and trusted, and beyond every reasonable doubts have proven itself worthy, with a workable system, then people have no choice than to get involved in it.

Over the years, Bitcoin has maintained it's value system, despite it's volatility, it has always returned and created an all time high price, and this is a serious motivation for intending investors. Thus, more people will still come into Bitcoin investment because of it's sustainability

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Today at 08:04:48 PM
 #64

We don't really need to know anything about the founder, what should propel us to investing into Bitcoin is the value it has created for itself. First things to consider is it's core values. Secondly, if something is tested and trusted, and beyond every reasonable doubts have proven itself worthy, with a workable system, then people have no choice than to get involved in it.

Absolutely, the value is what we should be more concerned about and not the founder. It is really so funny how most people are being so worried about who the founder of bitcoin was meanwhile those shitcoins they have been toiling around with they didn't bother to know who their founder really was instead they were anticipating the price to get hyped and after hype must have taken place they usually get dumped.

Now imagine bitcoin that has been there for years probably decades and have stand the test of time and still become valuable are we not supposed to be happy at the same time appreciating the founder even though we had zero clue of who the person was and it doesn't matter, all that matters to me is the fact that he found a good thing.


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Oshio-man
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Today at 08:28:03 PM
 #65

so i always think about this. people and big companies put millions into bitcoin but nobody knows who satoshi is. what if he comes back tomorrow? would the market crash? whales are risking huge money on something that depends on one unknown person. is this not a crazy risk? i dont get it. please share your thoughts.
For you to be bold whenever you are investing in bitcoin or holding bitcoin, just know that is a decentralized currency that is not control by the government and it will be difficult for Satoshi the founder to take decision that will affect bitcoin now but don't forget to invest what you can afford to lose in bitcoin, some of the people or companies puting funds in bitcoin is what they can afford to lose in case Satoshi want to make a decision that will affect bitcoin, I believe you get it now, never you use all your funds in bitcoin because you will not recover if Satoshi the founder of  bitcoin take some decision  soon.
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