why do people trust bitcoin if we dont know who satoshi is?

[Antotena]

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.

[CryptopreneurBrainboss]

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.

[Bigjoe33]

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

[Versatile_choice]

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.

[Oshio-man]

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.

[Zaka1221]

People’s trust in Bitcoin stems from its proven system. Bitcoin is also transparent in terms of its development infrastructure so there is nothing hidden about its mechanisms. So far Bitcoin has not encountered any issues that could bring it down. And Bitcoin remains unaffected by negative news that disparages Bitcoin or even its creator. So I personally believe that these reasons are what make public trust in Bitcoin even stronger. And you should know that Bitcoin is owned by the public not just a single entity so people don’t need to know Satoshi’s identity. We don’t need to know who invented a spoon because we’re confident that we can make use of its function. As for Satoshi’s return that’s still unclear. And if he’s still around at least we’d be able to track his activity. But you can’t see even the slightest sign of activity from Satoshi even though Bitcoin’s price is so high right now.

Your few points are enough for not having Satoshi or anything related to him to have no impact on Bitcoin because now people confidence level is at a high level, and the price of Bitcoin is also giving good impact to people for having their investment into this. Satoshi is going to have a live mystery life if he exist because most believe it's all done by a developer group with the name of Satoshi Nakamoto; he never existed.

In the coming years maybe something better will be revealed about him, but now it's not possible due to many reasons that have never been important for bitcoin users because now they are having enough, and they never need anything about his existence or about where he is living.

[Adiljutt156]

Should you trust your feelings of hunger and fullness that tell you to eat? What kind of question is that? What is Bitcoin for, and that’s a question you need to know the answer to, given that it’s a peer-to-peer currency. Once you know that Satoshi is back, does that mean we’ll stop believing in Bitcoin? Satoshi created Bitcoin to make the public trust it, but given the current state of Bitcoin users, Satoshi has provided convenience and freedom—with full control resting solely with the Bitcoin owners themselves.
If he returns, we’ll carry on as usual with the Bitcoin we own. Whether the market is affected or not depends on how people react when buying and selling.

Bitcoin was never created to have things that are not increasingly arguing about its existence and its founder's existence because people were looking for a system where they could be able to exchange their money without having many hurdles, which were increasing their problems. Satoshi makes this possible, and its system, which is decentralized and independent, is working amazingly.
No one ever talks about confidence in Satoshi because no one has ever had any update about him. But now, as it's having enough features and it's also giving flawless support to the financial world, everyone is talking about many things that have nothing to do with Satoshi. Satoshi, the better thing is to just use this system and enjoy it without having any feat in mind and always keep in mind who did this instead of having what was and who did it because time will bring all facts.

[Kryptowerk]

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 open-source (code/anything). You don't need to trust a person. You don't need to trust a company. You don't need to trust a state.
You can verify (or falsify) everything by just looking at the date. In this case it's the whitepaper (an idea!) and the implementation(s). For example Bitcoin Core is a fully open-source software tool that can be explored by anyone who understands math and c++.

tldr: You don't need to trust Thomas Edison if you have the instructions and tools how to build your own light-bulb. You can just try and see if it works. And ideally you also have the knowledge in physics to understand why it works.

[serjent05]

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?

Then he comes back, can we prevent it?

would the market crash?

Depends, if Satoshi came back, the movement of the market will depend on his action.  So it is uncertain.

whales are risking huge money on something that depends on one unknown person. is this not a crazy risk? i dont get it.

It is simple they are risking their money for profit.  And I do not think it is crazy because Bitcoin has been around for more than a decade, and it is still getting stronger and stronger.

please share your thoughts.

I think you worry too much.  It is the whales money and not yours, so there is no reason for you to think about what will happen in the future.  About Satoshi, although there is a possibility he will emerge in the future, but the possibility is slim.  If Satoshi surfaces, he has done it years ago.

[famososMuertos]

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.

I read this twice: October 15, 2026, in the OP to see if it wasn't actually a message from 2009, or maybe 2010... We are in 2026, that question or those outdated ideas you have are already expired, they have passed away... Current trust transcends the name of Satoshi Nakamoto.