Topic: If Satoshi reveals himself, what would be of Bitcoin? - page 19. (Read 19653 times)
Satoshi have zero reasons to reveal himself. He probably put a lot of Bitcoins into different addresses. If he wants to buy something, he'll just use one of his many addresses to buy that. He's a multimillionaire now but he probably isn't listed in the list of the wealthiest person in the world because his money is in Bitcoin form. Revealing himself would just result to people begging for donations, even you don't want that.
bitcoin would definitely be destroyed in my opinion, people would be selling it because they would think that satoshi will sell his bitcoins
If satoshi did not sell all his bitcoins when the price hit an all time high of 1k+ dollars 3 years ago, there's no reason to sell them now.
That's not sound logic at all. There are near infinite possible scenarios that could explain why he didn't sell back then and there is no guarantee that he won't sell in the future. The more Bitcoin users there are, the higher the chances the market could survive the dump. If Bitcoin had been inflationary, eventually his 1 million would've become insignificant. However, because the total number of Bitcoins that can possibly exist is finite, the 1 million Bitcoins will always have same tremendous power and the resulting damages from a dump will always be severe.
bitcoin would definitely be destroyed in my opinion, people would be selling it because they would think that satoshi will sell his bitcoins
a lot of people will panic for sure.
and also it would be a field day for the FUDstears who love this kind of drama to spread FUD
but bitcoin will never die because of this, the price would take a hit then it will recover even faster.
why would government wanna jail satoshi for my the real satoshi already die because he isnt online in bitcointalk since 2010 even someone reveal that he is satoshi i would not believe
bitcoin would definitely be destroyed in my opinion, people would be selling it because they would think that satoshi will sell his bitcoins
If satoshi did not sell all his bitcoins when the price hit an all time high of 1k+ dollars 3 years ago, there's no reason to sell them now.
If Satoshi comes out in the open, no one can predict whether it will be beneficial or detrimental for Bitcoin. For example, if he is someone with a past criminal activity, then it can affect the reputation of Bitcoin. Also, it will be interesting to see how the authorities react. In all probability, they will try to jail him for challenging the fiat money system.
Yeah that is certainly true. In that case it is best for Satoshi to never be found since it may bring many controversial issues among Bitcoin and blockchain technology. It would put himself, as well as Bitcoin at risk so I guess that it may be best for Satoshi's identity to remain a mystery as I think that this is one of the reasons Bitcoin is very popular.
if satoshi comes out, he could possibly go down becuase there will now then a possibility of him getting pinned down. and bitcoin goes down.
fbi and the rest wants him and the government wants to collect tax from him and his wallet might just be open.
If Satoshi comes out in the open, no one can predict whether it will be beneficial or detrimental for Bitcoin. For example, if he is someone with a past criminal activity, then it can affect the reputation of Bitcoin. Also, it will be interesting to see how the authorities react. In all probability, they will try to jail him for challenging the fiat money system.
Yeah that is certainly true. In that case it is best for Satoshi to never be found since it may bring many controversial issues among Bitcoin and blockchain technology. It would put himself, as well as Bitcoin at risk so I guess that it may be best for Satoshi's identity to remain a mystery as I think that this is one of the reasons Bitcoin is very popular.
bitcoin would definitely be destroyed in my opinion, people would be selling it because they would think that satoshi will sell his bitcoins
First, there will be many people throwing him (Satoshi) some questions. And I think Bitcoin will become better, cause we already know the founder and as the person who understands Bitcoin the most so we can finally improve the system.
And about the government, I think they won't really care about it. And I think the one who will be excited about this is the media, and there will be many-many-many new articles on the net or TV about this.
And about the government, I think they won't really care about it. And I think the one who will be excited about this is the media, and there will be many-many-many new articles on the net or TV about this.
The last person claiming be Satoshis ended wrong as i know the community had attacked him, i dont remember the name now, if Nakamoto shows off we would a big problem in hands, he had donated the project to a core team, as i know he left bitcoin long time ago. The country where he live will put him into the jail and try to get acess to those 1 milion bitcoins, besides that bitcoin would loose as maybe the countrie will try to close bitcoin.
Satoshi Nakamoto created something wonderful called bitcoin so I think that Satoshi is intelligent enough to know that revealing who he/she is, is a dangerous thing to do cause of the risks.
It is a know fact the created owns quite a lot of bitcoins which means he can be a target to criminals if his identity is revealed. And yes he seems to be smart enough to stay in the shadows because when he is a public figure it may get hard for him.
i do not expect anything and government can not take any action to bitcoin because even the inventor can not stop this all the transactions are stored into the network and all the miners are cpnstantly mining more and more coins every second nothing can stop it
Satoshi Nakamoto created something wonderful called bitcoin so I think that Satoshi is intelligent enough to know that revealing who he/she is, is a dangerous thing to do cause of the risks.
What do you think that will happen once the real Satoshi reveals himself (and proves that he created Bitcoin)?
Nothing good would comes from that. Take a look at ethereum where creator is public and people reaches to them to force him to make decisions. Whatever decisions he would make, would be bad, which happened :| 
Also Currently the currency and the community are very strong.
I don't understand what would you tell a friend. However it is the currency is something which is desperately needed by everyone and certainly everyone will love the currency which gives the advantage of being much more in other currencies that appeal. If indeed satoshi asserting yourself, then it's something good. But if the statement of the bitcoin has many policies that complicate then I am sure that the growth of the bitcoin will be crushed
here is satoshi picture:
Is there anyone that can give a picture of Satoshi? The legit once because I don't think this nerd is Satoshi and base upon his name he is a Japanese.
So this geek is not a Japanese at all, I'm not being racist but that is the reality. I just want to see how Satoshi looks.
But still that is not going to do something with the bitcoins economy.
Satoshi returning back means a million bitcoin coming back to circulation. Until the number of bitcoin users increase significantly, the price will drop significantly.
Also, there is a strong possibility of panic selling which will decrease the price. I don't think people will start using bitcoins just because the founder will return so i predict a significant decrease in price.
Also, there is a strong possibility of panic selling which will decrease the price. I don't think people will start using bitcoins just because the founder will return so i predict a significant decrease in price.
Also Currently the currency and the community are very strong.
What do you think that will happen once the real Satoshi reveals himself (and proves that he created Bitcoin)? Will Bitcoin ever be the same? Will governments try to pursue Satoshi and put him in jail?
This will be something interesting to know, once it happens (if it ever does) sometime in the future. Please feel free to share your thoughts here.
This will be something interesting to know, once it happens (if it ever does) sometime in the future. Please feel free to share your thoughts here.
I do not think it would affect anything in Bitcoin.
i have no doubt that Satoshi has strongly contribute for development of digital currency and If Satoshi reveals himself i think the government in the world should be learn to him how make banks transactions more faster and more efficient because bitcoin have something else who banks doesn't have it but in my opinion if this is really happen some countries will accept him and officially admit bitcoin as the currency
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