Can Satoshi Stop bitcoin? - page 5. | Bitcointalksearch.org

casperBGD

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Why was bitcoin invented in the first place? I would say for a decentralized system. If I’m right then the aim has been achieved and we are not in any risk of loosing that or getting it changed. If I were him, I would be on my lazy chair enjoying every bit of life the way I could rather than destroying a great invention like bitcoin.

it is not up to him at the moment, it is decentralized and nobody could destroy it, expect in the case that nobody use it and then miners will give up, until then there is no possibility for one man to destroy it
what he can do is to sell his BTC on the market, which could influence large price drop, but that is another topic

imstillthebest

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Quote from: posi on August 29, 2020, 12:43:58 PM

Quote from: TIDOVEE on August 29, 2020, 01:02:20 AM

Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

No. Despite that I dont see a reason why someone will decide to stop or destroy what he worked hard and labor for

So many people hate btc and they try to take it down and thier reason is that they are jealous .

They want their coin to be on the spot of btc and they want their coin to be the next btc but I don't think Satoshi himself will destroy what he created because he is proud of it . We can feel the same if we built something and we will only develop it to perfection , not to destroy it .

goldade

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I do not think Satoshi has the ability to stop bitcoin.
Bitcoin has gained a significant amount of recognition. Although it still has a very long way to go in terms of adoption, it has undoubtedly come a long way too and as such, I believe it is now out of the power of Satoshi to stop bitcoin. Although he created it, remember it was created as a decentralized currency, one not meant to be controlled not even by the government
Secondly, even if he does have the power to stop bitcoin, it would be totally unreasonable to do so. Totally ridiculous to stop something as great as bitcoin.

posi

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Quote from: TIDOVEE on August 29, 2020, 01:02:20 AM

Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

No. Despite that I dont see a reason why someone will decide to stop or destroy what he worked hard and labor for
Meanwhile, you need to understand that bitcoin is run and operated by the community notdecideshi. However, the things Satoshi can do now is cause the sump in peice of the market if he decide to dump his holding or join the core Dev community.

BITCOIN4X

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I think its a really ridiculous question about Satoshi's capacity. If Satoshi is still alive then I believe he can still do anything for bitcoin because he was the inventor. But are you sure that someone will tearing down his crown of success just to look crazy ?

OroroMunroe

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Satoshi created Bitcoin to rid us of masters who have authority over us. This includes Satoshi himself. It was an invention to allow us to be Sovereign, and it works. His success is that he has no power... but we do.

aryadiningrat123

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maybe it could be if bitcoin becomes more unstable or detrimental to other people who use bitcoin, because at any time bitcoin can be lost without us knowing it and satoshi erases bitcoin and all cryptocurrencies around the world

Bitcoin_bullish

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Quote from: TIDOVEE on August 29, 2020, 01:02:20 AM

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

I have read most of Satoshi messages and posts on forums and I don't think he ever claimed to be a Japanese citizen. Even if he did why would Japan have the power to stop it? The code is open source and everyone can contribute or research.

There is no hidden code that a single entity can activate and stop Bitcoin. This is IOTA bullshit. It doesn't matter if someone in the community is considered powerful or someone has billions of dollars. It is consensus between all the parts that constitute the Bitcoin community that decide the fate of Bitcoin.

bayu7adi

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Quote from: mk4 on August 29, 2020, 02:33:51 AM

He can't stop it whether Satoshi likes it or not. Well, unless he has enough funds to literally 51% attack Bitcoin for long periods of time; or, dump all his bitcoin holdings in one go, effectively chashing bitcoin's price. But yet, these stuff could only potentially damage Bitcoin in the short term, not necessarily stop it.

logical ... I also believe that when there was a panic over the release of 51% of the total bitcoin supply, I think it only resulted in a sudden drop in prices. The chart will show us some very steep descents. this could be a nightmare for holders, and a beautiful dream for newcomers. Holders only have the option to hold back and emotion to wait for the price to recover upwards again ... it may take a little longer, but the aftermath is, the development of bitcoin will be even better because the inventor can become the sun for the whole bitcoin family.

piebeyb

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Good thinking, I think it can't be stopped because the society is big enough now, it looks like satoshi won't come to the surface to stop what he has created so far, bitcoin will always remain

enterprevic2

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Quote from: TIDOVEE on August 29, 2020, 01:02:20 AM

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

So you feel he has the kill switch?

kryptqnick

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Quote from: TIDOVEE on August 29, 2020, 01:02:20 AM

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

I support the question 'why again' because Satoshi or anyone else never stopped Bitcoin in the first place. Moreover, the Japanese pseudonym does not mean citizenship, and citizenship or place of residence of Satoshi remains unknown. Not to the main question of stopping Bitcoin. I am not 100% sure, but to the best of my knowledge decentralization successfully prevents anyone from destroying the blockchain. Satoshi could cause financial damage to many by selling those coins, but even this would be a temporary thing. This person is also most likely to find a vulnerability that would allow to somehow double spend (there were similar bugs already) or do something like that, but given that there's an active dev team, there is a good chance this would be discovered. So no, I don't think he can stop Bitcoin, make it disappear.

coolcoinz

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He could do a lot of harm to Bitcoin if he really wanted to. Need some examples?
Imagine Satoshi coming back, proving he's the one by signing messages, moving coins around, then engage in politics. Say he's an illuminati or a part of the NWO and his aim is to put the world into a state of chaos, then dump some of his coins and crash the price. We'd witness panic like no other, I'm telling you.

Will it happen? No. I believe Satoshi will never come back. He's most likely dead.

adzino

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Quote from: TIDOVEE on August 29, 2020, 01:02:20 AM

Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?

Bitcoin is decentralized like he wanted it to be. So he has no control over bitcoin and he cannot stop it even if he wants to. But his decisions will have some impact to some extent (and many people think for this reason he kept his identity a secret so that people don't think he is the leader of bitcoin).
He won't be able to destroy it, but if he still have access to his funds, any movement will cause huge short term impact on the price!

Ridwan Fauzi

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Sorry for my lack knowledge against him but I just wondering that was he really stated that he jappanese? Where he revelead it?

I don't think he will do that, that would be something insane if he try to destroy what he was started. Bitcoin is a new technology based on the trust and it has successfully being trusted by most people in this world. Also with an open source system where the people can develop it freely don't know if he is able to stop it.

YOSHIE

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Quote from: TIDOVEE on August 29, 2020, 01:02:20 AM

do you think he has the capacity to stop it again?

To stop something especially about a digital currency like Bitcoin is not easy.

To stop Bitcoin you must first know the background related to Bitcoin, such as: companies, administrators, and many others, 'not easy for that' even though you know Satoshi Nakamoto, by nature, but never know where he and his company or employees control Bitcoin, Satoshi, only names, like ghosts, do not exist in real life.

In running Bitcoin or managing Bitcoin is not a commercial company or anything like that, the heart of Bitcoin, transactions, circulation, are run by a group in the mining process, with this kind of method Bitcoin can run and continue to transact until all time is guaranteed just by confirming it.

I am sure you will never be able to stop 'Mining', Bitcoin cannot be stopped, if this cannot be stopped, don't try to stop Bitcoin circulation, I guarantee you will definitely go to a mental hospital.

eaLiTy

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Quote from: LogitechMouse on August 29, 2020, 05:34:51 AM

Although if Satoshi is holding the keys for the 1 million Bitcoins then Satoshi can sell it at once or little by little to make the price plummet anytime. Anyway, I don't think that this can happen since it is already decentralized. I don't think that anybody can stop it right now, even Satoshi the creator.

There is no way that anyone could sell a million coin all at once Cheesy

. The only possibility is to sell those over the counter and it will not enter the general exchanges and it will not make a major difference in the market. Suppose if you have 1000 BTC and you put a sell order in the market in any exchange you cannot sell the coins until there are enough buyers, you really cannot plummet the market unless you are selling way below the market price.

Satoshi wants his privacy and there is no way he is going to verify his identity in every exchange to sell off his coins. Satoshi left the project by 2010.

lepbagong

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Quote from: molsewid on August 29, 2020, 08:36:19 AM

This is a very interesting question. I think Bitcoin is designed to become unstoppable because if somebody can stop it, nobody will risk their money on the bitcoin world.

yes, of course something is impossible if someone wants to lose money by investing in bitcoin if there will be a stop bitcoin. Of course all of them invest because they desire that they get a profit that does not want to be small but also large.
only people are stupid if they give their money to lose, hopefully that doesn't happen.

coolbaughandrew

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If Bitcoin was centralized currency, Satoshi would be able to stop it one day. Due to the decentralized nature Bitcoin is unstoppable.

Sonu789s

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I think that Satoshi cannot be stop bitcoin . Nobody it's control because it's unstoppable and I very thankful Satoshi Nakamoto whose is giving chance to earn . it's a easy platform to earn. Now a most of people invest bitcoin and huge company also involved in this.

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