Topic: All of us are more important to Bitcoin than Satoshi! - page 2. (Read 430 times)

1. Just like every other news that have affected bitcoin price , had it been the law suit ruling was in favour of Wright many hodlers of bitcoin today would have sold especially a lot of whales. For it's the anonymity of Satoshi that has been the pillar behind the trust bitcoin holders has on the decentralized network and a change in the status quo will  for real affect bitcoin price value.

2.I heard of bitcoin after a much time forward before knowing about Satoshi and that's when I read about bitcoin white paper. And just like many owners of the traditional banks we have our money's starched there yet don't even know the owners name that's how it all feels for me with my bitcoin investment. So wether satoshi's identify or not it is just the strength of the  bitcoin network to deliver on its decentralization and privacy character am mostly concerned about.

3. So long as bitcoin keep existing and growing Satoshi will continually become a concern to not just the bitcoin community  alone but to the government to sees bitcoin as a threat to their financial regulatory powers.

Craig Wright, is just looking for cheap popularity, atleast if it's not for him impersonating Satoshi Nakamoto, I probably won't have heard about him from a faraway continent in Africa, and as far as I'm concerned whether he wins or loses in the lawsuit, it'll have little or no impact on Bitcoin. I also believe that Bitcoin has probably surpassed what Satoshi, envisioned when he created it, and it's doing just fine without his presence, so Craig Wright, saga won't affect Bitcoin.

As it is today, Satoshi, is better off staying anonymous, and his anonymity signifies the privacy that makes Bitcoin to be decentralized, with all due respect to him, I don't think that his presence can significantly change anything about Bitcoin now.

Satoshi Nakamoto, has become a myth in Bitcoin story, so modern day explorers will keep digging dip to unravel his identity, and I really don't mind it, because it'll make us not to forget the exceptional genius that created this valuable asset that is impacting lives positively.[/list]

Although it is a bit ridiculous to think any of us are anywhere near the importance of satoshi historically, your comment isn't so far off from reality today.  The truth is that satoshi has been dead for around a decade now, so obviously he isn't the one moving forward Bitcoin today.  However, he did create it and his words should act as a guide for the future.  Unfortunately some bad actors got control and wanted to push their own scaling solutions for their own greed and ego, but the community is solving those issues by taking advantage of their loopholes with things like Ordinals.  I have faith we'll get back on the right path again eventually. 

No one or government saw BTC or the advent of digital money/cryptocurrencies coming, because what they thought started as a joke is now being investigated on a daily basis, and regulated so as to gain legal acceptance in the broader society.
The idea that was created by the real Satoshi will continue to flourish with it being much a currency of choice for payments across borders and platforms without as high the fees as a normal bank would charge and without nosey management or agencies catching a wind to get a cut. It also offers a good store of value and could be to some as a good hedge against inflation.

Fortunately Satoshi being alive or not does not stop the existence of BTC because it is a process already set in motion till it gets to 21million BTC. Fake Satoshi or not, BTC already has dedicated investors that have a better understanding of how to trade and make profits and know that the system already functional as it is,  will continue to innovate to meet the demands of the future advancement in science, technology and economics.

i. Although the lawsuit was important to silence this impersonator it will not affect the price of Bitcoin. The Bitcoin system is decentralized making it very difficult for anyone to claim leadership. He might only be able to claim authorship of the Bitcoin Whitepaper which might make him claim it as his intellectual property. Currently, even Satoshi might not be able to control the Bitcoin ecosystem.

ii. Somebody said Bitcoin is the greatest gift Satoshi gave to humanity and the second wonderful gift is his disappearance. The Bitcoin system can run independently without any OG or creator because it is designed to last forever. Therefore, I don't care about the identity of Satoshi because the system is reliable and transparent making me to have confidence in it.

iii. The search for Satoshi will never come to an end.  Just like the study of science people will always try to seek for the unknown. I even suspect that more Faketoshis like Craig Wright might reappear in the future.

There might be more Faketoshi people in future but by looking at Craig Wright and COPA, they will know that there are many people in Bitcoin community are ready to stand up and contribute to fight against Faketoshi.

Chances for new Faketoshi people to succeed will be smaller and their chances to successfully make noise and uncertainty like Craig Wright will be smaller too.

This COPA is a good milestone for Bitcoin community, not bad.

1. Faketoshi already lost the case, Judge James Mellor already said that Wright isn't Satoshi and we hope it brings an end to all of this drama, though with the kind of person that Faketoshi is, this is unlikely. COPA also wants to put an end to the incessant suing and harassment of BTC developers and crypto institutions by Wright, they also want to find out if Faketoshi is guilty for perjury in all of this. I don't think this verdict will have any effect on the value of BTC, bitcoiners already know what a conman Faketoshi is.

2. No!

3. In my honest opinion, i think people need to stop looking into who Satoshi is, if Satoshi never wanted to remain anonymous, they would have revealed their identity to the community. Satoshi never wanted their identity to be known, so i think every true bitcoiner should respect that and stop looking to unravel anything.

You are using the term "token" wrong in all your topics.
Although the definition between a token and a coin is sometimes blurred in the community but we should try to be precise. BSV is a coin not a token, even though it is a shitcoin but it still a coin.
Tokens are referred to the things built inside a token creation platform and depend on that platform like anything built inside ethereum network.

A centralized authority making any statement about any aspect of Bitcoin should never matte at all and should never have any significant effect on Bitcoin or its value (or even its price). Least of which is courts, since the legal system in a lot of countries can easily be manipulated. We already have the case in UK against the owner of bitcoin.org where the system was manipulated by the scammer known as Craig Wright and court ruled in favor of the scammer.

I haven't acquired Bitcoin because of Satoshi, I did it because I liked this open source decentralized money that nobody including Satoshi can control.
The community, or rather the media, will always use the identity of Satoshi as story to run with. That's just cool to read and nothing more.

It actually places the focus in Bitcoin itself, and not on individuals involved in the process, being them the creator or the adopters, although every elements on this equation are equally important for Bitcoin's success. There isn't someone more important than another. Bitcoin wouldn't exist without its creator, and adoption wouldn't exist without Bitcoin. We are all interconnected. The point is that Satoshi helps its creation thriving by remaining anonymous.

Maybe some short term speculation is possible, but nothing significant on long run.

Yes, the real identity of Satoshi would have a heavy impact over Bitcoin's price, therefore affecting my personal investments. So, it does matter for me.

There will be always people seeking for Satoshi's real identity. Misteries and charades have always fascinated human beings, so that is a subject that never stops being hyped. Even though it's dangerous for crypto adopters to find out who Satoshi really is, due to affecting the value of their personal investments, it seems they are still up to take the risks of doing so, just for a matter of curiosity.

It's like the Biblical story of Lot's wife who couldn't resist looking back the destruction Sodom's city, and was turned into a pillar of salt as consequence. People keep doing things which will prejudice them, even aware they shouldn't be doing that...

Removing sentimentality and historical importance from the equation, network effects dictate that the more users a network has, the more useful it becomes.  Inactive users are no longer providing any utility.  So in a way, yes.  Today's users are the ones contributing to the overall utility of the network and are therefore more important to Bitcoin's longevity.  Whoever satoshi was, or wasn't, is largely inconsequential.  Bitcoin belongs to the people now (as I suspect was always the intention).

Interesting,it all a matter of collective efforts from both parties like you've clearly mentioned it here.We both have roles to play,and so far,we've literally deposited so much support,attention and interest for bitcoin.

In one way or the other,we're seemingly meeting up to the standards and level of importance that satoshi has worked for all these years and I don't think anyone would want to disembark from attaining or achieving more from bitcoin.On behalf of bitcoin,let's all increase the support and forge ahead for more successes with bitcoin.

Its indeed worth the time,effort,stress and energy.

This is true as long as status quo remains - Satoshi is inactive and his coins are considered as lost. If that would change then suddenly Bitcoin's price would be very dependent on the Satoshi factor. It doesn't even matter if it fundamentally changes nothing, because the price is driven by speculators who look for the slightest reason to make a move.

1. IDK
2. No, it doesn’t. And I don’t think it should matter because Bitcoin isn’t about the creator but the creation. We don’t know if Satoshi is dead or alive but Bitcoin still lives on despite their whereabouts. But this doesn’t mean that his reappearance will not impact Bitcoin. If he comes back to claim it, it could cause price increase. But imagine he comes back in a negative way or the government taints his image, the market will likely move along.
3. Never. People won’t stop looking to know who they are/were. But maybe that’s the storyline and we should just accept it.

It would not affect the Bitcoin network, but it would be noticeably damaging.  Suing the Bitcoin Core developers and censoring places like bitcoin.org, or even taking control of it would give value to his shitcoin by manipulating newbies.  The experienced of us know that he is one big scam, but if the court said that he is satoshi then things could go seriously bad.

The aim and objective of Bitcoin, it's not to supersede order currencies but what is meant for is to help for buying and the selling goods and services and the people that is making use of it right away, is us not a satoshi nakamoto and his objective to create a bitcoin technology is for make something to be easier for us in terms of a change of goods and services across intercontinental countries, is satoshi did not introduce bitcoin because she want to benefit from it but it is a worldwide profit

I agree with you in a way. It's really not that important who Satoshi was and I hope we'll never find out, mainly for his sake. I wouldn't want to see the man interrogated by CIA or extorted...
Even worse, they could make a pedophile or a rapist out of him, which is getting very common in the recent years with the me too movement and all that shit.
IMO bitcoin is doing much better with an anonymous founder that it would do with a well known one.



What did I just read?
Are you on something?

1. How possible is it? Who knows Faketoshi to be the brain behind bitcoin? Since his name doesn't ring a bell in people's ears when bitcoin is called, neither he win nor lose the lawsuit against him, it won't in any way affect the price of bitcoin since he lacks credible proof of signing a message with Satoshi bitcoin address.
2. It doesn't since we can trade our Bitcoin anonymously without knowing anyone's true identity. Everyone is accumulating bitcoin the way they can and not focusing on other people's identity because that doesn't matter in the pursuit of financial freedom.
3. Any community or group of people searching for Satoshi is just wasting their time and resources to do that. Satoshi is an anonymous being, anonymous will he continue to be.

I'd add we're important than Satoshi because the future of Bitcoin are in our hands.

If we, as a Bitcoin holder let our coins moved to centralized exchanges, ETFs or any centralized entity, Bitcoin will be less decentralized since most of the coins are recorded with KYC. Imagine if 99% Bitcoins are linked to centralization, the government will know which person send the coins to which person and so on.

Personally, it doesn’t matter to me. No matter how fascinating it might be, I don’t need to know satoshi’s real identity in order to appreciate the value of bitcoin. For some, however, they might feel as though they could trust bitcoin more when there is someone they can point their fingers to. If something goes the wrong turn, they can blame satoshi. Maybe having a real person behind all of it makes them feel that bitcoin is indeed real.

I don’t think there will be a time where the community doesn’t keep looking for satoshi. He has created something so great and helpful that his identity will remain an amusement to others.

Heres what I think. The outcome of Craig Wright's lawsuit might cause a stir in the short run, possibly shaking up Bitcoin's value a bit. But in the grand scheme, Bitcoin's worth is more about its tech and how many folks are using it, not who created it. While knowing Satoshi's true identity is intriguing, it won't change much for my BTC investments. As for when the community will stop the hunt for Satoshi? Hard to say, but as Bitcoin's practical use grows, the fascination might taper off over time