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Topic: Identifying Satoshi Would Be a BAD Thing (Read 514 times)

sr. member
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August 11, 2021, 03:12:13 AM
#57
Pseudonym indeed, no man would want to give him/her the identity especially about Bitcoin, we can't say that there were no issues or controversies regarding Bitcoin back then, also, anonymity stands in well with Bitcoin that the creator itself is anonymous, and no matter how hard these people who are devoted to this mission will try, they won't get a single clue, and no, there's no reward if you found him/her, let's just leave the mystery be and let Satoshi live in peace, it would definitely be a bad idea for the creator to be discovered, so bad in so many different aspects.
sr. member
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August 10, 2021, 12:59:19 PM
#56
I think it's very easy for everyone to spread lies, it's true as you say if anyone wants to identify sathoshi is a bad thing, actually very difficult to happen, because no one knows about the existence of satoshi, maybe only bitcoin developers know about satoshi, but they must have kept it a secret.. because they think it's not important, the most important thing is that we have to thank satoshi who has given us the path to success in the internet era..
We have seen lots of faketoshi in the past trying to pretending that they were satoshi but its not.I do understand on why people do search up for the founder of this revolutionary thing.

Finding his identity would be a bad thing? Lets just respect him as it should be because if he do intent on showing himself into the public then he had already done this in the past.

Lets just respect if he wont really be showing himself anytime soon. He knows on what would happen if he does that.

sr. member
Activity: 532
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August 10, 2021, 12:06:15 PM
#55
I think it's very easy for everyone to spread lies, it's true as you say if anyone wants to identify sathoshi is a bad thing, actually very difficult to happen, because no one knows about the existence of satoshi, maybe only bitcoin developers know about satoshi, but they must have kept it a secret.. because they think it's not important, the most important thing is that we have to thank satoshi who has given us the path to success in the internet era..
member
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There are reasons why Satoshi Nakamoto whether he is a single entity or a group - did not make it clear his or their real identity and why he/they left the scene just as Bitcoin was about to start making into the consciousness of many people. Of course, Satoshi must have foreseen the possible problems that he can go through if he will proclaim to the world who he really is. And this is something that we should respect and thank for, in the first place. Still, people who are obsessed on finding out the whereabout of this man will never stop until they can find something that they can broadcast to the whole cryptocurrency community...well we should not stop them as that can be keeping their lives exciting.
copper member
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Yeah i do agree with you but im still curious about who the heck is Satoshi nakamato is  Grin Grin why he is so genius  Grin and maybe some airdropped bitcoin since people in here says he have a lot of bitcoin
full member
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For the past decade or so, there have been people who have practically dedicated their lives to finding the creator of Bitcoin.  

Even over a decade later, there are still folks who are actively seeking to track down this ghost. All with the hope of finally knowing the truth. Who created one of, if not the most important invention of our generation?

Naturally, this would be something everyone would want to happen. We want to give credit where credit is due. We want to put a face to this now mythical pseudonym. Under all of this curiosity, however, lies a rather dubious double-edged sword. Especially when Bitcoin was in its infancy. (Arguably still is.)

Obviously, Satoshi Nakamoto is a pseudonym. Meaning if we were to find this individual, their true name would likely have to surface. While we would ultimately have found Bitcoin's beloved creator and his real name, we would have opened ourselves to a whole new planet of FUD.  Not FUD towards Bitcoin itself, but its creator.

I want to be clear that the impact of finding Satoshi now would be very different than finding him 7+ years ago.

Governments and financial institutions would now have the identity of the individual that is attacking the very infrastructure upon which they made a fortune.   This is bad news.
While I am not insinuating they would have gone after Satoshi's life, I firmly believe they would have done everything in their massive amount of power to defame, discredit, and slander the founder of Bitcoin.

This includes:

    
  • Fraud Allegations
  • Terrorism Funding Allegations
  • Allegations for Funding Criminal Enterprises

         Etc..

They could even make this man look like a pedo by "linking" him to certain organizations and saying that THIS was the sole purpose of Bitcoin. The problem is, they now have a face to attack. We know the media, they can say whatever they want.     With zero accountability.

Accusations like these would not be as effective as they would have been 7+ years ago like I had mentioned. These days, the Bitcoin community is more vast and immeasurably stronger than it was during these early times. Much of this would have been recognized as manipulation by big government and HODLers would remain headstrong. Even still, it would be ignorant to think there would not be some considerable problems in an event such as this.

However, in the earlier days of Bitcoin, FUD at these levels combined with a face to attach to it could have been fatal to our still fragile ecosystem. If Satoshi had chosen not to remain anonymous from the beginning, financial institutions/governments would have stopped the party well before it got out of hand. They could have exercised any of the aforementioned options and given themselves more than enough justification to make Bitcoin highly illegal globally. On a different timeline, something like this would have greatly hindered crypto development.

This is why it was inexpressibly important for Satoshi to remain anonymous. If you ask me, this is why he should stay anonymous.

I am in no way suggesting that people looking for this figure stop looking for this figure. If it is your mission, accomplish it. Just understand there are more serious implications at hand once he/she is identified.

I totally agree with you on the fact that identifying Satoshi would be bad because the reasons you highlighted. I am also of the opinion that instead of spending time and energy trying to find out someone who chooses to remain anonymous, why not spend the time and energy in propagating bitcoin in the mainstream world. I believe that's the only way we can say 'thank you to Satoshi for his great invention.
If he didn't stay anonymous, it would have defeated the idea of bitcoin being decentralised as he would be a centralised authority and would influence the price of bitcoin in ways unimaginable much more than Elon Musk
hero member
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Finding Satoshi would be a bad thing....I doubt it, he doesn't own bitcoin like some centralized asset so this wouldn't make much sense to whoever would want to use him to manipulate the market.. .

Tbh this Satoshi hunt should be put to bed now because his already pioneered financial freedom with cryptos like bitcoin and we don't need his interference anymore.
This isn't only talking about manipulating the market because I do only see several reasons on why people do seek of him;

Government - Suing out and make out some possible charges or whatsoever or things that they do have in mind since creating a decentralized thing is totally opposed on what government is aiming for.
Possible events?
1. He might be forced out on manipulating and spreading out FUD towards his invention.
2. He might be killed
3. He would be gaining that popularity but that would be having that security risk.

Its just good that he've decided to hide his trail or shadow into the public which is totally the same on his own creation.
sr. member
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"Stop using proprietary software."
I doubt anyone would be prosecuting Satoshi for creating Bitcoin. Creators of the torrent protocol weren't charged with anything, TOR was funded by the US military, etc. Just because an invention is used by criminals, doesn't mean that the creators have done something wrong.

But I agree that it would be bad, any rumors about Satoshi could be negatively influencing Bitcoin, and every word of satoshi could tremendously move market if they would choose to.

I hadn't even considered his ability to move the market. This is interesting.

We think Elon's impact is significant. Imagine Satoshi's.

If he were to pump the price, that would be great. However, that would likely lead it to being overvalued at some point.
sr. member
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For a long time even i thought that if Satoshi is identified we will see a massive attack against him from all the media around the world but that is not true, when some of the so called Satoshi came forward we did not see any attack and Vitalik Buterin who is having the second trending coin is not attacked by any media and his platform facilitated billions of dollars worth of scam and no one attacked Vitalik Buterin, so this is just a conspiracy we are creating.

Arguably the Satoshis have not been credible, except possibly CWS immediately after the GA signing (but only temporarily).
But more to your point, I don't know that even signing one of the first ten blocks would be proof enough, especially as time goes on due to increased chances of collision.

As a counterpoint though, Greg Maxwell, Cobra, the BCH, and even BSV people are being sued by CSW. Part of it versus Vitalik is that there is possibly a higher perceived chance of wealth transfer from these versus Vitalik. If a provable Satoshi showed up (including very early block signing), then there are increasing chances of litigation for very arbitrary reasons as bitcoin increases in value.

A bit like predicting bitcoin prices, it is impossible to know whether a Satoshi would show up, whether society would ever discover who it was, or accurately predict what would happen if that happened. Evidence is certainly against those from happening with increasing time.
hero member
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Finding Satoshi would be a bad thing....I doubt it, he doesn't own bitcoin like some centralized asset so this wouldn't make much sense to whoever would want to use him to manipulate the market.. .

Tbh this Satoshi hunt should be put to bed now because his already pioneered financial freedom with cryptos like bitcoin and we don't need his interference anymore.
legendary
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Governments and financial institutions would now have the identity of the individual that is attacking the very infrastructure upon which they made a fortune.   This is bad news.
While I am not insinuating they would have gone after Satoshi's life, I firmly believe they would have done everything in their massive amount of power to defame, discredit, and slander the founder of Bitcoin.
For a long time even i thought that if Satoshi is identified we will see a massive attack against him from all the media around the world but that is not true, when some of the so called Satoshi came forward we did not see any attack and Vitalik Buterin who is having the second trending coin is not attacked by any media and his platform facilitated billions of dollars worth of scam and no one attacked Vitalik Buterin, so this is just a conspiracy we are creating.
legendary
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zknodes.org
~snip~
And he left with assurance, he already achieved what he wanted to do with bitcoin. Beyond expectations with its blockchain system and with its value today, Im pretty sure he is happy with the outcome.

Your sentence is absolutely correct. What if he did show up. He's going to be in a lot of trouble now. He will get a lot of demands. Regarding regulations and surroundings. Although I'm sure there will be many people who support it. I agree with you maybe not knowing satosi would make things better.
sr. member
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I doubt anyone would be prosecuting Satoshi for creating Bitcoin. Creators of the torrent protocol weren't charged with anything, TOR was funded by the US military, etc. Just because an invention is used by criminals, doesn't mean that the creators have done something wrong.

But I agree that it would be bad, any rumors about Satoshi could be negatively influencing Bitcoin, and every word of satoshi could tremendously move market if they would choose to.
It's not even a matter of whether Satoshi Nakamoto will be persecuted if his real identity is established. In this case, there is a high probability and threat that numerous heirs of Satoshi Nakamoto will appear, who through the courts will demand recognition of their right to bitcoin as an invention. In this regard, various claims against persons using bitcoin are also possible. We have already seen this on the example of Craig, who threatened many similar lawsuits if he succeeded in judicially securing his recognition as the creator of bitcoin.
Therefore, it will be much better if Satoshi Nakamoto remains an unidentified person, as he himself intended.
member
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the belief of many people that satoshi nakamoto is an individual who designed bitcoin, to identify sathoshi is not a good thing maybe we don't even know that maybe it's not satoshi or someone disguised as himself maybe there are individuals who created bitcoin for a a team that only benefits themselves
to prove that he is Satoshi ? Open the Bitcoin wallet and Sign another signed message showing Him can transfer the amount from one wallet to another then for sure i will believe that it is Him.
Or contact Theymos to Re Open His account here in Bitcointalk.org that has been locked for long years now.
until these things happen , i will still believe that they are BS scammers and pretenders .
sr. member
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the belief of many people that satoshi nakamoto is an individual who designed bitcoin, to identify sathoshi is not a good thing maybe we don't even know that maybe it's not satoshi or someone disguised as himself maybe there are individuals who created bitcoin for a a team that only benefits themselves
sr. member
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In a sense, you could be right. Especially if Satoshi is to confirm himself thru verifiable and indisputable evidence. Otherwise, it would just come out as another regular dime-a-dozen Satoshi Nakamoto impersonator. Which I believe will be the case 90% of the time someone will ever confess that they are Satoshi Nakamoto. Since it has already been established ever since the conception of bitcoin that Satoshi has no plans of ever revealing himself in the public. For multiple reasons we presume, but only he knows what it is really for.
hero member
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It’s never going to happen, even if he is alive he left little to no trace of his whereabouts. You’re right that it’d be a bad thing for the community as a whole but luckily for us I don’t think it’ll happen.

It would never happen since he already disappear without a trace and all we have right now are false claims with their own scripted stories. This is why I like whoever he/she is, he doesn't like to be credited for his works, and the only thing he wants us to know about him is his code name "Satoshi". Anyway, I kinda want to know who is the real Satoshi but if it bring more harms than good, I'll be fine to know him just by his code name.
sr. member
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Let just let the man or the "group of men" alone if Satoshi was dead or still alive there is no point of finding him. He/They wanted to stay anonymous forever. He's too smart not to trace him until npw with lots of people who still tried to track him down.

And he left with assurance, he already achieved what he wanted to do with bitcoin. Beyond expectations with its blockchain system and with its value today, Im pretty sure he is happy with the outcome.
sr. member
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Knowing who Satoshi Nakamoto is would end up in tears affecting everything he had laboured for. Nobody should border about knowing his identity cause this would severely affect the Bitcoin market with several allegations against him or her if eventually noticed. Satoshi from what I've seen is a wise man that history can never forget his innovative technology of improving lives. He knows the reasons behind his anonymous identity before the invention of Bitcoin and all it's necessary softwares and equipments which really portray his preparation
toward his humongous path to crypto world.

If the inventor of Bitcoin had been discovered from the beginning, it would have affected Bitcoin since it Creation and I don't even think a lot of persons would have embraced his ideas and technology, generalizing it as a way of accumulating funds to himself since he was the originator of every ideas. The vision of cryptocurrency in general would have died long ago looking at the way people would have tackled him at the beginning disputing his vision as a one man ideology of creating wealth to himself. I don't even think the government would allow him to succeed because of the treat to Fiat currency.
sr. member
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Because of how bitcoin caused a lot of headache for not only governments but for people with interests that the success of crypto and bitcoin effect in a negative way, not only will revealing the identity of the creator of bitcoin will cause a massive disturbance, but he will be involved in massive lawsuits from various companies and it will be with no doubt that he will find himself in jail even if he is incent, so i think that when bitcoin was created he had some of these ideas and chose to remain hidden till this day.
legendary
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zknodes.org
~snip~
But we all know he can't prove it. If satoshi wouldn't come out publicly, it will be Craig Wright that will be there in the History books which will be believed by the people.

Satoshi appearing back again will be bad for their narrative especially because they've already cracked down and taken down the whitepaper of Satoshi from other websites.
Big mistake if this happens, maybe our children's generation will read it. But it seems that history actually says that he is a fake sathosi. If anyone makes history books admit Craig is a satosi maybe he is a supporter or really doesn't know.
As for the story, maybe they can come up with something, but as long as the bitcoin.org site is independent and the bitcoin consensus continues to exist then I think it will continue to decline in the next generation. So I think we still have at least the next generation for the right info. So maybe now we should start spreading the truth to our newcomer friends.
Besides, if this site still exists, I think the discussion here will record the history of all of that development.
sr. member
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Given the increasing hostility from various governments towards cryptocurrency, I don't think that it will be a good idea for Satoshi to reveal himself. It will be risky for him as an individual, and for the cryptocurrency community as well. The best thing to do is to stay anonymous, until there is a financial revolution and Bitcoin becomes one of the widely accepted global currencies. And trust me, that day may not be far off. Given the inflated spending from the governments, fiat currency would soon become less worthy than the toilet paper.
jr. member
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Yes. His identification would not be good for bitcoin --- he took great care to stay anonymous, so he likely understood this. And by 'he' of course I mean 'he / she / they'. :-)
hero member
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I get your point,but Satoshi Nakamoto is not Julian Assange or Edward Snowden.
He never revealed government secrets and he cannot be blamed for treason or some other bs.
Bitcoin didn't destroy the fiat money system.The BTC users are a small number,compared to all fiat money users and even the Bitcoin users are still using fiat money.
If it was so bad to be acclaimed as the creator of Bitcoin,then why Craig Wright is so desperate to be recognized as "the real Satoshi"?Is he stupid?Would the US government try to destroy Craig Wright,if he was the real Satoshi Nakamoto?I know that he isn't the real Satoshi,but that's an interesting hypothesis.
copper member
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Quote
There is a project to calculate Satoshi's coins and bring them back.

Is this
https://www.fxstreet.com/cryptocurrencies/news/is-satoshi-cashing-out-640-nine-year-old-bitcoin-on-the-move-202107131344
related to ur project?
Or is it some prophet inequality calculation of when, the perfect timing for, "I have to go now"?

Not related. We are permanently checking the blocks for such moves, But none of Satoshi's coins heve been moved so far.
full member
Activity: 228
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Quote
There is a project to calculate Satoshi's coins and bring them back.

Is this
https://www.fxstreet.com/cryptocurrencies/news/is-satoshi-cashing-out-640-nine-year-old-bitcoin-on-the-move-202107131344
related to ur project?
Or is it some prophet inequality calculation of when, the perfect timing for, "I have to go now"?
copper member
Activity: 76
Merit: 11
... We can all theorize on what could and couldn't happen with this theory but we all know that we cannot verify this and even if someone steps up to get the limelight, it's still not going to be possible to verify it unless you sign it with satoshi's address.

There is a project to calculate Satoshi's coins and bring them back. https://bitcointalksearch.org/topic/calculating-satoshis-coins-5347791

As of today it is nearly impossible to calculate them, but if done, we will publish all his private keys after solving all coinbases. Even block 0 is in that pool, where you can't move the coins.

That will help Satoshi, as everyone will be able to sign a message with these keys thereafter.
sr. member
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Everyone should avoid M$ products as much as possible. So, so, many security holes. When shutting a computer of mine down a month ago, it spoke: "This phone is not connected to GSM". FFS, also, WTF? Even in linux, I'm not sure how I feel about systemd, but my netflix gets changed to spanish a lot less when I stick with linux.

But back to topic.

If Satoshi were to be found out, the problem would be much worse than even imagined here, for him personally.
He would be in eternal lawsuits over random bug codes, losses, and other funny things about blockchain. It would be never-ending.
I can imagine a timeline where the largest exchanges were attacked by incredibly sophisticated attackers (not just hackers), especially if bitcoin were to take off in much more value. I can imagine a timeline where wars would be fought to protect those exchanges. Perhaps that won't happen - let's hope so.

He would never be able to rest, and be in danger of  physical and press attacks, where every random bit of history was dug up about him. People would blame him for a market crash (or explosion if it results in other markets crashing), for loss of money if they invest at the wrong time. There are very few situations where this would work out well for him.

The market would survive, after a possible small crash. He wouldn't be able to sell quickly regardless. The market is not entirely dependent on him. If the Patoshi pattern is his, then that's a percentage of coin. A decent percentage, but not the controller of the market.

That said, only Satoshi, if such a person or group are still alive, can only answer the question about whether he/she/them reveal such an existence and why. One hopes that such persons would do so for wise reasons. There could be more than a few reasons as to why that might be done, for example, if such persons were discovered privately and had to worry about personal safety privately, versus becoming public and having to worry about other larger lawsuit/physical defence; or, if there were (a wisely considered) potential to help people that was greater than such persons convenience. Things go wrong and most of the world is unpredictable, so even such actions would not go as such persons plan, so such a reveal would be highly unwise.


sr. member
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I think it is safe for the inventor of Bitcoin to remain anonymous, and Satoshi has done many things to remain anonymous and to preserve his privacy, he did not reveal the real name, and he chose a Japanese nickname and a pseudonym called "Satoshi Nakamoto". It is also believed that Satoshi was using a Virtual Private Network (VPN), or Tor. Nakamoto previously talked about Tor and told people that it is a good way to hide the origin of a Bitcoin transaction.
I think that's the only way because the other options have been already foreseen and not any them are pretty good for the market. Plus it's a really good thing that he is anonymous because with the enigma behind the identity, people gets curious about the identity. Tor and VPN isn't enough to hide someone's identity, I think Satoshi is also a Linux User because he is pretty good with codes.
sr. member
Activity: 534
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I think it is safe for the inventor of Bitcoin to remain anonymous, and Satoshi has done many things to remain anonymous and to preserve his privacy, he did not reveal the real name, and he chose a Japanese nickname and a pseudonym called "Satoshi Nakamoto". It is also believed that Satoshi was using a Virtual Private Network (VPN), or Tor. Nakamoto previously talked about Tor and told people that it is a good way to hide the origin of a Bitcoin transaction.
legendary
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First of all, one cannot identify Satoshi without a proof of keys. And most probably, for proof of keys, he has to be... alive and willing to do so.

Indeed, if these conditions are met, when he steps up he will become the target for all kind of stuff, from digging up every stupid thing as kid or adult (true or not) to threats to his life or freedom (whether from agencies, mafia or "bounty hunters") - keep in mind that he's incredibly rich and the money can be stolen with minimal trace.

And then the FUD and the possibility that somebody spends so huge amounts of Bitcoin will take its heavy toll on Bitcoin itself.


So yeah, if he would be identified, it would be bad for both Bitcoin and himself.
full member
Activity: 812
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For the past decade or so, there have been people who have practically dedicated their lives to finding the creator of Bitcoin.  
I think, they lost their time because of that.  Who will identify themselves as Satoshi so that there may be risks.  Or existence, but hopefully Satoshi is alive and well.  Bitcoin is anonymous and decentralized, which is the most powerful feature that makes it alive and valuable in the sense of the market.  I don't expect any Fud impersonators to show up.
Better yet, the bitcoin wallet identified as Satoshi's remains intact.  Lol
member
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Identifying Satoshi will only bring us trouble and problem .

And why not admit the situation that Satoshi will never comes out in the open .

and lets admit that Crypto world will continue without the creator being expose .
jr. member
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I think that everything rests not only on the story of Satoshi, cryptocurrency, blockchain are already meaningful things that will only further grow into our culture
legendary
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If he was, Craig Wright wouldn't need to pose as Satoshi anymore which I guess up to this day, they want to implant in the minds of the regular people that Craig is exactly who he was saying.
Wright doesn't care whether Satoshi's real identity is known or not. What he is doing is creating chaos and trapping those involved in bitcoin in his web of lies as he games the justice system by exploiting its flaws.
If Satoshi was a known person then Satoshi would have been caught up in a court battle spending a lot of money and time proving the bullshit Craig Scammer Wright has told the court was a lie, and after proving one case Satoshi would have been caught up in another bullshit of his.
full member
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I doubt he is already identified. If he was, Craig Wright wouldn't need to pose as Satoshi anymore which I guess up to this day, they want to implant in the minds of the regular people that Craig is exactly who he was saying. But we all know he can't prove it. If satoshi wouldn't come out publicly, it will be Craig Wright that will be there in the History books which will be believed by the people.

Satoshi appearing back again will be bad for their narrative especially because they've already cracked down and taken down the whitepaper of Satoshi from other websites.
It's a good thing Satoshi won't ever be identified, but that also means that posers like Craig is going to pop up all over the world like the moles in the whack-a-mole machine continuously claim they're the real deal but get shunted down when asked to provide evidence. Also, I think if Satoshi wants to appear, it has to be now because the whitepaper is being targeted.
hero member
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I doubt he is already identified. If he was, Craig Wright wouldn't need to pose as Satoshi anymore which I guess up to this day, they want to implant in the minds of the regular people that Craig is exactly who he was saying. But we all know he can't prove it. If satoshi wouldn't come out publicly, it will be Craig Wright that will be there in the History books which will be believed by the people.

Satoshi appearing back again will be bad for their narrative especially because they've already cracked down and taken down the whitepaper of Satoshi from other websites.
copper member
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It's either he or she is already identified and it's not just news that is for everyone. We can all theorize on what could and couldn't happen with this theory but we all know that we cannot verify this and even if someone steps up to get the limelight, it's still not going to be possible to verify it unless you sign it with satoshi's address.

So I'm now thinking, why are there some people claiming to be him when it's not clearly him? Those possible allegations could have stopped imitators but they still get into the spotlight and want to be known for being "satoshi".
member
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Lot of known analysts says so, that if we were to know the real identity behind the pseudonym Satoshi Nakamoto, things will be problematic for the market. I think almost everyone here agrees that it is bad, no matter how much we want to know the person behind the invention. Plus remember the saying about not meeting your heroes? I think that the saying applies to this one too.
legendary
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I truly believe this! Identifying Satoshi would be a super bad thing for him and can be a danger to bitcoin as well. I am sure he doesn't deserve the nonsense in life when in fact he has shown the way to great wealth to many many people. I sometimes think that awarding the identity of Satoshi Nakamoto to Craig wright was a plan of US government to bring out Satoshi from his exile whih didn't work out. I am not sure how many of you though this way!

But if the true identity of Satoshi is revealed someday in future. He would probably live the rest of his life behind the bars for challenging the ideas of traditional finances.
legendary
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Identifying Satoshi is a bad thing provided they're successful. Otherwise, this is just a human tendency to be curious and to try to uncover a mystery. While I also dislike the idea of trying to exert the best efforts only to get to know the identity or identities behind the name, I am afraid this wouldn't stop, at least not for a long time. But I guess the longer the search goes, the more possibilities uncovered, the farther the truth is.

I still believe that successfully identifying Satoshi would only open a Pandora's box. This would only create huge problems which could spell the end of Bitcoin's genius.
legendary
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I kinda disagree because this would have made sense if we didn't already have a ton of different FUDs. In other words they are already spreading all kinds of lies about bitcoin and have been misleading people for 12 years without knowing Satoshi's identity.
Besides, bitcoin is not some centralized altcoin that relies on or is controlled by its developer (like ethereum for example). It is a fully decentralized protocol that nobody can control and we already know every last detail about how it works. At this point any new FUD is only going to scare the idiots who are already being scared by any other FUD just as well!

As for the government, they are not waiting for anything if they wanted to ban bitcoin. As we know the handful of countries (4 or 5 out of 195) that wanted to ban bitcoin have done it years ago without needing any excuse.
sr. member
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Satoshi would have had his life destroyed today even if he would've been discovered 7 years ago. Governments HATE him, and if they were Satoshi themselves, releasing Bitcoin to the public is probably their biggest regret ever.. next to the release of internet to the citizens.

It would indeed be a very bad idea to identify him. Moreover, we would have no benefits anyway. Satoshi has no more influence over Bitcoin or over us, except over those who consider him their idol. Besides destroying his life, there is nothing to be "gained".
This is how eager and persistent the government for catching someone who did create something that would destroy any politicians reputation if they are going to use Bitcoin to know their financial records. Although, this is not the case right now but soon as someone approved the use of Bitcoin it would be a hell to them. No wonder why they don't seem to care and accept this innovative technology and all they have to do is make a FUD plus not every country would agree with this especially China because of some silly reason that they don't trust Bitcoin because it's not made or own from their people that's why they have to make their own which a centralized coins.
legendary
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Satoshi would have had his life destroyed today even if he would've been discovered 7 years ago. Governments HATE him, and if they were Satoshi themselves, releasing Bitcoin to the public is probably their biggest regret ever.. next to the release of internet to the citizens.

It would indeed be a very bad idea to identify him. Moreover, we would have no benefits anyway. Satoshi has no more influence over Bitcoin or over us, except over those who consider him their idol. Besides destroying his life, there is nothing to be "gained".
donator
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People are easy to spread lies about and make for wonderfully easy attack vectors to exploit. I think had satoshi not been anonymous, Bitcoin would not have been able to succeed as long as it has. He would have been exposed by the media, lies would be told, and he’d probably be cancelled for some diary entry he made in the third grade. While I don’t think his identity matters anymore since he’s long passed, we can all be thankful for his dedication and sacrifice.
sr. member
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Ignoring governments there is the issue of other altcoin creators looking to challenge Satoshi with his identity out there that could become a real problem in terms of his health and his image. I could see multiple companies looking to discredit Bitcoin in hopes that they could take over from it. Just take a look at the altcoin scene and you will see that there are multiple accusations thrown at competitors and Bitcoin would be no different. To be the alpha male you have to take the current alpha male down Bitcoin is definitely the biggest target for altcoins to target and with his identify revealed there would be so many ways of doing it and would make Bitcoin more susceptible to failure because of that.
sr. member
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"Stop using proprietary software."
I doubt anyone would be prosecuting Satoshi for creating Bitcoin. Creators of the torrent protocol weren't charged with anything, TOR was funded by the US military, etc. Just because an invention is used by criminals, doesn't mean that the creators have done something wrong.

But I agree that it would be bad, any rumors about Satoshi could be negatively influencing Bitcoin, and every word of satoshi could tremendously move market if they would choose to.

They wouldn't even need to prosecute. Just spreading false info is enough to put doubt on anything or anyone.

The issue is institutions wouldn't need any proof. They own the media.
legendary
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I doubt anyone would be prosecuting Satoshi for creating Bitcoin. Creators of the torrent protocol weren't charged with anything, TOR was funded by the US military, etc. Just because an invention is used by criminals, doesn't mean that the creators have done something wrong.

But I agree that it would be bad, any rumors about Satoshi could be negatively influencing Bitcoin, and every word of satoshi could tremendously move market if they would choose to.
hero member
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If I'm not mistaken, after the Gavin will visit the CIA, Satoshi might have thought that indeed bitcoin is already making some noise that time and the CIA or any other intelligence agencies might have been looking and trying to dissect it already. So it's better for him to go underground first. My speculation is that he just want to go out and probably would surface later. However, since bitcoin is taking the limelight after his disappearance, he just decided to get out and not comeback anymore.

And up to this time, we have seen the same bad narratives or the attacks on bitcoin itself and yet it is still thriving under the premise that it was design or being used by criminals, and other arguments.
hero member
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If you want to know what it would be like to know satoshi's real identity, look at Vitalik.

He is not as popular as satoshi but he is still something and whenever he says something, he can move the markets and affect the prices. Despite what he says, he is a centralized figure which damages the decentralization narrative of ethereum.
Totally opposing or contradictive? Not that surprising but its their own choice because some people do really give out some good impressions into those projects which does have known devs/creators.

We've been searching Satoshi through ages now but still we cant even have a glimpse of his shadow.There are lots of faketoshi out there trying to claim out just for their own interest.

We know the real thing wont really be doing such bullshit, about market sentiments then high profile or known ones would make out significant impact whenever what words would be spitting into their mouths.

sr. member
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Partially true, although marketing is a multi million pound industry, and if we take a look at the book Edward Bernays wrote titled; Propaganda you'll be able to see the techniques, and the lengths the government will go to essentially convince people that a certain movement / technology is dangerous, bad or risky.

Agreed. Bitcoin is anti-fragile. It's lasted for 10+ years, so if it was going to break easily, it would have broken earlier. It will grow because it's grown, at least while there is room to do so (which is still plenty).

It is still breakable, but it's impossible to tell what all threats to it could be. Humans are malleable. Most of us have locked down for around two years, which we may never have expected. Plenty conform en masse. The unpredictable happens. I wouldn't discount anything from happening.

I'm a big fan of many complicated interacting systems, which includes human behaviour. You can rarely trust any side completely, but if you trust enough people, sides or systems just enough, you'll hopefully land on the right answers more often, or have the most robust systems. Hopefully. Blockchain may fit my spiritual philosophy in that there is rarely a single big right answer, but a lot of small ones that make all the difference in the world.
staff
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Satoshi isn't the ecosystem. So, proof about him (probably being Hal) could affect things for a bit. All crypto is still young. It should eventually recover.
Partially true, although marketing is a multi million pound industry, and if we take a look at the book Edward Bernays wrote titled; Propaganda you'll be able to see the techniques, and the lengths the government will go to essentially convince people that a certain movement / technology is dangerous, bad or risky.

The only thing that Bitcoin really benefits from is; its not controlled by the person that made it, and therefore its decentralized nature should be able to somewhat combat any propaganda thrown at it. I do believe we've already seen this, as news reporters seem hell bent on discrediting it at every available opportunity.
sr. member
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I respectfully, but partially, disagree. Only partially.

A large portion of this depends on how much governments and/or hackers have identified Satoshi - and if such a person is still alive. If it's Hal, I highly doubt that anyone could hold him in disrepute. The threads that have come up are nothing new though, and have been publicly looked at for years.

While we have our chats here, there could exist other information that such parties could be privvy to. I'm not saying that people should release such information. In fact, just the opposite at least for our lifetimes. There will be more Satoshi-wannabes that pop up, as well as people who claim to be owners of fortunes without proof. Quite frankly, all yall best prepare your best facts and proofs for when those times are right, because you very well could save lives against financial ruin of scam suits. For humanity's sake, people should also have a record of their own experiences so that people in future generations can piece together what happened. Just don't be too quick on the trigger. It is a balance.

Take our infamous whats his name who wants to destroy blockchain by making transactions reversible. Pointed proofs about Satoshi could save individuals in this forum. There have been more than one people claiming that name.

Satoshi isn't the ecosystem. So, proof about him (probably being Hal) could affect things for a bit. All crypto is still young. It should eventually recover.

Governments and financial institutions would now have the identity of the individual that is attacking the very infrastructure upon which they made a fortune.   This is bad news.
While I am not insinuating they would have gone after Satoshi's life, I firmly believe they would have done everything in their massive amount of power to defame, discredit, and slander the founder of Bitcoin.

However, in the earlier days of Bitcoin, FUD at these levels combined with a face to attach to it could have been fatal to our still fragile ecosystem. If Satoshi had chosen not to remain anonymous from the beginning, financial institutions/governments would have stopped the party well before it got out of hand. They could have exercised any of the aforementioned options and given themselves more than enough justification to make Bitcoin highly illegal globally. On a different timeline, something like this would have greatly hindered crypto development.

I do completely agree here.
Everyone should keep anonymity if possible because people will try to scam you out of your money, or worse.
And it is incredibly difficult to be anonymous these days since everything you do leaks information, even your two factor authentication on google...
legendary
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It’s never going to happen, even if he is alive he left little to no trace of his whereabouts. You’re right that it’d be a bad thing for the community as a whole but luckily for us I don’t think it’ll happen.
legendary
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If you want to know what it would be like to know satoshi's real identity, look at Vitalik.

He is not as popular as satoshi but he is still something and whenever he says something, he can move the markets and affect the prices. Despite what he says, he is a centralized figure which damages the decentralization narrative of ethereum.
staff
Activity: 3304
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Government would likely use propoganda as I believe they have already done so to combat the adoption of Bitcoin. Though, being able to tie it to a person, is much more impactful than tying it to a currency. If they could convince people that the creator of Bitcoin, created it for malicious purposes, it would likely be forever seen in that light. Plus, even if it wasn't propaganda, and lets just speculate that Satoshi did create it for malicious purposes or perhaps has a particularly bad history/background, that would absolutely negatively effect Bitcoin, and in the same way would tarnish Bitcoin in the same light.

We already have the issue that Bitcoin is branded as a currency used by criminals because it offers more privacy than fiat currencies, well supposedly. Since cash is pretty damn popular among the crime industry. 
sr. member
Activity: 287
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"Stop using proprietary software."
For the past decade or so, there have been people who have practically dedicated their lives to finding the creator of Bitcoin.  

Even over a decade later, there are still folks who are actively seeking to track down this ghost. All with the hope of finally knowing the truth. Who created one of, if not the most important invention of our generation?

Naturally, this would be something everyone would want to happen. We want to give credit where credit is due. We want to put a face to this now mythical pseudonym. Under all of this curiosity, however, lies a rather dubious double-edged sword. Especially when Bitcoin was in its infancy. (Arguably still is.)

Obviously, Satoshi Nakamoto is a pseudonym. Meaning if we were to find this individual, their true name would likely have to surface. While we would ultimately have found Bitcoin's beloved creator and his real name, we would have opened ourselves to a whole new planet of FUD.  Not FUD towards Bitcoin itself, but its creator.

I want to be clear that the impact of finding Satoshi now would be very different than finding him 7+ years ago.

Governments and financial institutions would now have the identity of the individual that is attacking the very infrastructure upon which they made a fortune.   This is bad news.
While I am not insinuating they would have gone after Satoshi's life, I firmly believe they would have done everything in their massive amount of power to defame, discredit, and slander the founder of Bitcoin.

This includes:

    
  • Fraud Allegations
  • Terrorism Funding Allegations
  • Allegations for Funding Criminal Enterprises

         Etc..

They could even make this man look like a pedo by "linking" him to certain organizations and saying that THIS was the sole purpose of Bitcoin. The problem is, they now have a face to attack. We know the media, they can say whatever they want.     With zero accountability.

Accusations like these would not be as effective as they would have been 7+ years ago like I had mentioned. These days, the Bitcoin community is more vast and immeasurably stronger than it was during these early times. Much of this would have been recognized as manipulation by big government and HODLers would remain headstrong. Even still, it would be ignorant to think there would not be some considerable problems in an event such as this.

However, in the earlier days of Bitcoin, FUD at these levels combined with a face to attach to it could have been fatal to our still fragile ecosystem. If Satoshi had chosen not to remain anonymous from the beginning, financial institutions/governments would have stopped the party well before it got out of hand. They could have exercised any of the aforementioned options and given themselves more than enough justification to make Bitcoin highly illegal globally. On a different timeline, something like this would have greatly hindered crypto development.

This is why it was inexpressibly important for Satoshi to remain anonymous. If you ask me, this is why he should stay anonymous.

I am in no way suggesting that people looking for this figure stop looking for this figure. If it is your mission, accomplish it. Just understand there are more serious implications at hand once he/she is identified.
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