Hi there. I know it is decentralized of course, but what I meant is that had Satoshi be punished and asked to assist in destroying bitcoin (Im sure no one thought about this before), there are many ways he can do so. Looking at the mess of forking, 51 attack just part of the mess im talking about that brings the death of Bitcoin
again bitcoin is decentralized and Satoshi is just a developer and he doesn't have any more power than any other programmer out there specially at this point that the network has grown this big and is still growing.
the only thing that revelation of Satoshi can affect is the price and that is only because it is assumed that Satoshi may control a large amount of bitcoin. but you are not talking about price you are talking about "destroying bitcoin" which is not possible.
as you can see the forking mess was a temporary drama and the 51% attacks have been a part of the forks (the altcoins) just like it has always been. for years different altcoins have been under 51% attack that wipes out their blocks and creates nuisance for exchanges that did not start with these forked coins.
Yup I totally agree with you on this.
However, my main point here is "at early inception of Bitcoin, the revelation of Satoshi's identity could lead to a different story that we see it now". For example, the whole world would be brainwash to believe that Bitcoin was developed to destory the world financial system (rather than improving it); and that Bitcoin is a scam and controlled by the drug cartel etc, investing in it is as good as throwing money down the drain and anyone invested and caught would be punished. All this would happen if Satoshi's identity was revealed and forced to be labelled on the bad names I simply suggest above, or accusing him of anything that could think of.
well i feel like there are two different subjects here. one is destroying bitcoin, as in killing it and it no longer exist afterwards. and another is to crash the market and price dropping down.
the second one is obviously possible and can even be easy with the scenario that you are describing. many will sell, panic, run away,... so there would be a crash. but the first one is impossible because at the end of the day nothing about bitcoin itself is going to change. only the perception can change. the thing about peer to peer systems is that they will exist as long as there is one peer on the network.
for instance you can start telling everyone Torrent (a peer to peer system) is illegal and is used for pirating only and by criminals to share illegal content. well that will lead many to uninstall their Torrent programs and stop using it but it won't kill Torrenting. so next time you download Ubuntu for example you could see a drop in number of seed (peers) but there will still be seeds.
Haha Im relieved now that Im being understood.
Yes I do not mean Killing it, its impossible. I mean exactly the second situation, and what a great example you gave about Torrent. Thats spot on and described the situation perfectly =)
