If Satoshi reveals himself, what would be of Bitcoin? - page 9.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: boyptc on March 24, 2017, 06:30:22 PM

No way that Satoshi will ever reveal himself. But I ever wonder if Satoshi will reveal himself what he would be his stance with the current issue that is happening right now versus core and unlimited. Maybe he can make those shills to shut up when he appears and give them some sermon on what they are doing with his creation.

I'm sure that if satoshi decides to come up with some ideas, majority of people would agree with him and could make this current debate which has bring tension among bitcoin users come to an end.
it looks like that satoshi is the messiah of bitcoin but that's the fact due to he's the one who has invented bitcoin.

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

It depends how he reveals himself. He could reveal himself by moving his 1 million btc after BU/Core fork. Imagine 1,000,000 bitcoin flowing from those early mining addresses... spreading out to bitfinex, bitstamp, btc-e, kraken, coinbase, gemini. People watching in amazement wondering what is going on, as over the course of around 10 minutes, 5-10% of all bitcoins move to exchange accounts. Each exchange would probably by then be listing both BU and Core btc, so Satoshi could send both or just one. So, if it's just BU moving, people might anticipate that Satoshi was going to dump BU on the exchanges. Panic would ensue, and we'd see massive selling across all markets. That would be even before Satoshi sold a single BU btc. Then, within around 20 min of the initial transactions, we'd see the Satoshi dumps -- and then BU markets would be obliterated all over the world.

Of course, that's an unlikely scenario, but I think the odds of it happening are a little better than most people think Wink

machinek20

hero member

Activity: 840

Merit: 501

Quote from: boyptc on March 24, 2017, 06:30:22 PM

No way that Satoshi will ever reveal himself. But I ever wonder if Satoshi will reveal himself what he would be his stance with the current issue that is happening right now versus core and unlimited. Maybe he can make those shills to shut up when he appears and give them some sermon on what they are doing with his creation.

It will be great if satoshi really show up and speak his mind about this new debates, this debate seems like making bitcoin price becomes drop, I can see now there are a lot of confusion happened because of the fork issue, so if satoshi show up and gives solution it will be great

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

No way that Satoshi will ever reveal himself. But I ever wonder if Satoshi will reveal himself what he would be his stance with the current issue that is happening right now versus core and unlimited. Maybe he can make those shills to shut up when he appears and give them some sermon on what they are doing with his creation.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Daniel91 on March 24, 2017, 11:23:32 AM

First, I don't think that Satoshi will ever reveal himself.
Finance and money is very sensitive issue today and bitcoin is in ''grey' zone, without clear regulation.
If any government, specially US government, find out who is behind bitcoin, I'm sure that Satoshi will have serious legal problem.
Also, media pressure will be to high, for him and his family, I'm sure.
He have very good reasons to stay behind.
After all, at this stage, bitcoin doing just fine even without creator.
Even if Satoshi show up, nothing special will change with bitcoin.

You do have a point there, mate. While there could be positive implications regarding the pioneer cryptocurrency's creator, the negative implications are most likely to occur. Maybe if Satoshi reveals himself, it would be the end of Bitcoin and the blockchain, as governments will try to pursue the creator and its tech to shut it down forever. Their efforts to stop the propagation of the blockchain would be greater, although it will be very difficult to completely remove a blockchain, due to its decentralized and distributed nature (especially with Bitcoin).

Overall, it would be interesting to see what happens if Satoshi reveals himself by then, but in the meantime, I think that there should be nothing to worry about since Bitcoin is doing fine without him. Just sharing my thoughts.

Daniel91

legendary

Activity: 3374

Merit: 1824

First, I don't think that Satoshi will ever reveal himself.
Finance and money is very sensitive issue today and bitcoin is in ''grey' zone, without clear regulation.
If any government, specially US government, find out who is behind bitcoin, I'm sure that Satoshi will have serious legal problem.
Also, media pressure will be to high, for him and his family, I'm sure.
He have very good reasons to stay behind.
After all, at this stage, bitcoin doing just fine even without creator.
Even if Satoshi show up, nothing special will change with bitcoin.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: n0ne on March 23, 2017, 03:29:14 AM

That's a good question. But Satoshi would help core rather than the bitcoin unlimited which is short survived. To be successful he'll surely support core. One thing to be noted is, looking the present situation if he comes forward and says his opinion a big impact won't be felt upon the bitcoin network as several people have started to claim themselves as Satoshi.

Yeah that might happen. As BU is very flawed, Satoshi would probably go towards supporting Bitcoin Core. I believe that once he decides to reveal himself, and provide proof of ownership of his private keys, then he might work in different ways to put an end to the pioneer cryptocurrency's scalability debate.

Many jokers would show up, just to take advantage of Bitcoin by claiming that they're Satoshi themselves, but one those who prove ownership of the keys from the genesis block, will obtain full credibility by the Bitcoin community and the people who use the digital currency.

One thing for sure is, that once the original creator of Bitcoin and the blockchain becomes unmasked, there will be massive interest from users who never heard about Bitcoin, bringing traction to this revolutionary technology. Just my opinion.

posternat

hero member

Activity: 798

Merit: 500

Quote from: xFiber on March 19, 2017, 05:11:46 AM

I think his absence en the mystery around Satoshi is what makes bitcoin great. I don't think he/she would/should reveal hilself/herself.

Yes, that is for sure if he is still alive he will reveal himself to the public, he might get into jail for sure. The govetnment will do it to him. Thats why it is good if he keep himself hidden.

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: Abiky on September 23, 2016, 01:19:45 PM

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.

I don’t think that is ever going to happen and even if it did many will be skeptical that he is the real satoshi, there will be all kinds of conspiracy theories saying that he is not satoshi but an impostor.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: n0ne on March 23, 2017, 03:29:14 AM

Quote from: Vlad2Vlad on March 21, 2017, 11:44:44 AM

Quote from: Cashew on March 19, 2017, 07:00:54 AM

If he came back, for sure all the Bitcoin Unlimited shills would shut the fuck of to listen to what the master would be saying. And what he would be saying would be obviously to stop their secession and to join Core, as Satoshi is Core-sided.

Who told you Satoshi is Core sided? Did he send you a private message? Roll Eyes

That's a good question. But Satoshi would help core rather than the bitcoin unlimited which is short survived. To be successful he'll surely support core. One thing to be noted is, looking the present situation if he comes forward and says his opinion a big impact won't be felt upon the bitcoin network as several people have started to claim themselves as Satoshi

But no one has provided sufficient evidence to be considered a real Satoshi

Even if someone came out of darkness and proved to be a genuine Satoshi Nakamoto, the party which he wouldn't give his explicit consent to, be it Bitcoin Core or Unlimited, would still not listen to him (though I doubt he would favor BU, but that's just me, anyway) and confusion would only rise to new heights. That's might be one of the reasons why he may not want to appear before the public eye again, i.e. not to add to the disorder and turmoil which are already reining over here

pearlmen

sr. member

Activity: 322

Merit: 250

Maybe he is even in the open already who knows but in my own opinion, if he eventually shows himself and we believe him, which is a determining factor of the effect such outcoming will have, I think its going to be negative in the sense that then people who want to remain anonymous will become sceptical that its might no longer be possible since the creator of the anonymity is back.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: n0ne on March 23, 2017, 03:29:14 AM

Quote from: Vlad2Vlad on March 21, 2017, 11:44:44 AM

Quote from: Cashew on March 19, 2017, 07:00:54 AM

If he came back, for sure all the Bitcoin Unlimited shills would shut the fuck of to listen to what the master would be saying. And what he would be saying would be obviously to stop their secession and to join Core, as Satoshi is Core-sided.

Who told you Satoshi is Core sided? Did he send you a private message? Roll Eyes

That's a good question. But Satoshi would help core rather than the bitcoin unlimited which is short survived. To be successful he'll surely support core. One thing to be noted is, looking the present situation if he comes forward and says his opinion a big impact won't be felt upon the bitcoin network as several people have started to claim themselves as Satoshi.

well that's rigth if he will show up and make any statement either he will support bu or the core it will not change anything since he's been hiding ever since i guess if he reveal himself from the start maybe his word would help everything to be sorted out and resolved this concerned just my thought though.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: Vlad2Vlad on March 21, 2017, 11:44:44 AM

Quote from: Cashew on March 19, 2017, 07:00:54 AM

If he came back, for sure all the Bitcoin Unlimited shills would shut the fuck of to listen to what the master would be saying. And what he would be saying would be obviously to stop their secession and to join Core, as Satoshi is Core-sided.

Who told you Satoshi is Core sided? Did he send you a private message? Roll Eyes

That's a good question. But Satoshi would help core rather than the bitcoin unlimited which is short survived. To be successful he'll surely support core. One thing to be noted is, looking the present situation if he comes forward and says his opinion a big impact won't be felt upon the bitcoin network as several people have started to claim themselves as Satoshi.

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: marleybobthedog on September 23, 2016, 02:10:11 PM

I can't figure out why satoshi is still a mystery. At least his friends or family member should know about this invention then why they don't reveal the secret what's the use of keeping it secret. They might think that if they reveal the truth they might be arrested by police because it's a public property which affects paper currency. But if he reveals the truth then he might face some problems that why he is not cunning up. It's my opinion.

That's what other think about too, but not in a sense of any illegal crime like what you are thinking. And why did you say that the creator of bitcoin would be like that. But for sure He won't reveal himself anymore, which I am sure about it. Wink

Vlad2Vlad

legendary

Activity: 3052

Merit: 1534

www.ixcoin.net

Quote from: Cashew on March 19, 2017, 07:00:54 AM

If he came back, for sure all the Bitcoin Unlimited shills would shut the fuck of to listen to what the master would be saying. And what he would be saying would be obviously to stop their secession and to join Core, as Satoshi is Core-sided.

Who told you Satoshi is Core sided? Did he send you a private message? Roll Eyes

sidhujag

legendary

Activity: 2044

Merit: 1005

Nash is already gone, i think he was the main guy... so you wont find satoshi ever.

mastermold

full member

Activity: 168

Merit: 100

The price of Bitcoin would take a huge hit because the mystery of the creator would come to an end. The reason for this person or persons to hold onto their bitcoin holdings becomes much less important.I don't honestly believe Bitcoin would fail because of it, but I do think it would cause another MtGOX level crash for a period of time.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Yanisumin on March 17, 2017, 01:11:13 AM

Go for direct experience!! What do you think when you face the waterfall? What do you think when you have sex? What do you think when you take psilocybin? Everything else is an unconfirmable humor, useless, probably lies. So liberate yourself from the illusion of culture. Take responsibility from what you think and what you do.
© Terence McKenna

Everybody is searching for truth, thats a human nature, always asking something they don't know, So if one day you know Satoshi identity what will you do? So let's make this scenario, Nakamoto reveals himself..... So what will happen? I think Bitcoin will still be Bitcoin when Nakamoto reveals himself. It will remain as a code. What won't be the same is how we perceive when we know the truth. How we react. I don't actually know the true reason why Satoshi hide himself, but if he did. Will people still believe, will people still have faith in its potential. This is just my speculations. Bitcoin is still running and we are all enjoying the ride.
What is the destination?
Well we're all dying to find out.

I think that once Satoshi reveals himself, there will be more confidence in Bitcoin by attracting more investors into it. There will be a massive hype all around mainstream media, to users within the BTC community, making the price reach to higher levels than ever before. Also, Satoshi might put an end to the scaling debate, as he may bring a better solution towards increasing Bitcoin's capacity, in my own opinion.

The only problem would be, the massive pressure from governments and banks trying to shutdown Bitcoin by making Satoshi dump coins from the genesis address. If this happens, then Bitcoin will massively plummet in price.

In the bright side, Satoshi is still a mystery, making Bitcoin operate as normal regardless of any user, or entity. Its decentralization makes it an ideal system for everyday payments without the need of an intermediary. Thanks to Satoshi's creation, we have the freedom to choose what we do with our funds, and be our own bank. Just my opinion. Grin

Cashew

sr. member

Activity: 391

Merit: 250

If he came back, for sure all the Bitcoin Unlimited shills would shut the fuck of to listen to what the master would be saying. And what he would be saying would be obviously to stop their secession and to join Core, as Satoshi is Core-sided.

Pettuh4

sr. member

Activity: 812

Merit: 251

Quote from: xFiber on March 19, 2017, 05:11:46 AM

I think his absence en the mystery around Satoshi is what makes bitcoin great. I don't think he/she would/should reveal hilself/herself.

Well I think if he reveal himself it will shut a lot if the old guys talking and politicking with just common segwit and BU arguments in the media. His presence now will calm things down while we search for solutions ahead.

Topic: If Satoshi reveals himself, what would be of Bitcoin? - page 9. (Read 19683 times)