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Topic: Is Satoshi Nakamoto Alive ?! - page 2. (Read 506 times)

legendary
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March 04, 2024, 11:25:16 AM
#26
What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!

Could be, could be not as well.
I'd rather keep myself private if I'm Satoshi though.
hero member
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March 04, 2024, 10:25:17 AM
#25
What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!

Yes.  I bet we would.

I shortly mentioned my opinion on this only a few days ago.  If Satoshi would come back AND reveal their identity Bitcoin would be bearish for a while in my opinion.

Satoshi Nakamoto is a very neutral identity.  We know not much about them.  If they come out and reveal themselves, the best scenario would be some body who is charismatic and almost impossible to suspect of any thing.  But how lucky could we get to have their identity revealed in the BEST way possible?

The reality would be much different.  Satoshi is probably politically oriented too.  That would be a problem.  If they were from Russia, it would be yet another problem.  If they would be from the United States hinting to have a some what relation to a Three Letter Agency, that would be yet another problem.  And so on.  And so forth.

Do not hope for this to ever happen.  I REALLY doubt it would because revealing themselves would affect their personal safety as well.  Most big Governments would offer BIG money to influence things.  It is true that Satoshi does not have a direct influence over Bitcoin but it is also true that people are kind of foolish and do not care how Decentralized Bitcoin is if there is a charismatic person who hypes every body up.  Such as Justin Sun, Vitalik, you name them.
hero member
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Merit: 541
March 04, 2024, 09:54:04 AM
#24
So far there have been no signs or opening of the curtain that could reveal Satoshi Nakamoto's true identity, his hiding is still very perfect even though many parties are trying to dig up his identity. From the start he chose to remain anonymous, My assumption is that he will never return or show his true identity, if that happens, it will be a failure for him.
The question of who Satoshi Nakamoto really was and why he finally disappeared as if he had been swallowed by the earth after creating something big that could be the forerunner of a future transaction system still crosses the minds of individuals, governments and groups who really want to know his identity. If someone openly claims to be Satoshi Nakamoto, this confession is very difficult to accept widely, even though the person making the confession was the real Satoshi Nakamoto.

Perhaps many major events will occur as a result of the appearance of this very mysterious figure, including a very significant surge in Bitcoin. But if you look at the price of Bitcoin traded today, it looks like Satoshi will still choose to be anonymous because without having to show his identity to the public, Bitcoin is still able to soar high.
sr. member
Activity: 1022
Merit: 363
March 04, 2024, 04:12:27 AM
#23
What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!


It doesn't change anything. Do you see any strong impact happen to Ethereum when people know who is the creator of that coin? Nothing right so maybe the same thing will happen to Bitcoin and people will just continue to do their thing especially on investment.

The only changes will happen there is people will stop discussing any related to his identity and people will just continue to speculate about its future.

Maybe best for you not to think deeply about his identity since you can't get any accurate answer with that since up by now people are still speculating about him and there's so many threads the same like this created because people are just curious about him.
sr. member
Activity: 560
Merit: 326
March 04, 2024, 02:50:27 AM
#22

Giving Tribute to our heroes is what we as humans do and Satoshi with likes of Hal Finney are no exception.
The world knowing Satoshi does not really matters in the long run because we all will be history and Bitcoin will still remain.

Remember that movie series 'Vicking, in the last episode when the lead act Ragna, who had been gone for a long time and his family and people had moved on, suddenly showed up, their expressions were like, "why did you come back". So Satoshi Nakamoto's, anonymity has become his identity, if he were to show up now, I doubt that he'll get that heroic welcome, because since he or them created Bitcoin and disappeared, we've moved on with Bitcoin, and we're thankful to him for giving us this decentralized digital asset, that we,re hoping that it's value will outlive us, as it's doing very fine without Satoshi, ever since he exited the scene.
legendary
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Merit: 2354
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March 04, 2024, 01:28:02 AM
#21
Okay, now I am overwhelmed by the number of posts which are being posted on this forum related to Satoshi Nakamoto. I could clearly understand why the OG members do not reply or respond to these threads as they are already done explaining similar stuff again and again. OP, doesn't matter if Satoshi is even alive or not. That clearly doesn't impact your life. What he/they built for all of us is what matters i.e. Bitcoin.

Although it has been debated ad nauseam, it is reasonable to keep talking about him in the forum he created. To me, these threads are homages to our founder and keep the newbies informed about facts that we may take for granted, but which are new for the youngest, for example.

Yes, they could use the search bar instead, but we both know that this won't happen. So seeing that this topic remains topical is a good sign of the good health of the myth, and not a reason to complain.
legendary
Activity: 2044
Merit: 1018
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March 03, 2024, 09:42:19 PM
#20
What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!

If Satoshi Nakamoto did not move his coins, no reason for the market to be bearish.

Quote
As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.
You did not know about Bitcoin distributions. There are many Bitcoin addresses with more than 100 bitcoins. Satoshi Nakamoto is not the only Bitcoin holders with 100+ bitcoin in a single wallet/ address.
Top 100 Richest Bitcoin addresses.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Addresses with Balance > 100 BTC
https://www.lookintobitcoin.com/charts/addresses-greater-than-100-btc/
member
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March 03, 2024, 07:26:50 PM
#19
I think if sathosi wanna come back. He would have revealed himself since. Although I don't see him as revealing him self to cause any bear market because people will tend to buy all his Bitcoin these days.

Moreover the BTCs that are being sent to his address seems to be a form of gratitude as you've said. But is that not also like burning Bitcoin?
legendary
Activity: 1288
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March 03, 2024, 06:30:44 PM
#18
Well i don't still doubt if Satoshi is not active with us currently in this forum and any other place just reading the news and seeing people killing themselves to say they are Satoshi while they are not. If you look strongly today you would noticed that the solidity of bitcoin foundation today and currently was as a results of Satoshi remaining unknown otherwise bitcoin could have been threaten by now just as what is happening to some of the centralized coin and exchange now for example, Binance is facing some difficulty in my country after haven detained their staff to reveal some transaction carried out by my country users.
This alone could have been threat to bitcoin progression
Looking at it same way you illustrated above in connection to what is happening in Nigeria. Even if Satoshi wasn't anonymous, there's also nothing the government will do to harm bitcoin because it is very much decentralized. The nature of bitcoin is as such that Satoshi himself even if still working on bitcoin will not independently make decisions. There much be consensus. Even if the government arrests him and force him to bring bitcoin down, he would not be able to do same without the agreement of others. The worse scenario would have been many hard forks and disruption of the community. The worse they would have done is to tax him hugely which is more of an individual issue than bitcoin issues.
hero member
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March 03, 2024, 05:56:57 PM
#17
Well i don't still doubt if Satoshi is not active with us currently in this forum and any other place just reading the news and seeing people killing themselves to say they are Satoshi while they are not. If you look strongly today you would noticed that the solidity of bitcoin foundation today and currently was as a results of Satoshi remaining unknown otherwise bitcoin could have been threaten by now just as what is happening to some of the centralized coin and exchange now for example, Binance is facing some difficulty in my country after haven detained their staff to reveal some transaction carried out by my country users.
This alone could have been threat to bitcoin progression
newbie
Activity: 39
Merit: 0
March 03, 2024, 05:43:36 PM
#16
Well, knowing if satosh Nakamoto is alive, it’s not really matter or something that is compulsory you should know.
What I think is important is knowing the reason why you are here following the rules the guidelines, exploring lines, no more on how to write learn how to create books articles, you can type your question actually on Google and see what they tell you because nobody can answer that straightly.
. It’s not really bad question you don’t know so you ask the question which is right someone might know but maybe I don’t really have an idea. I’m actually I’m a newbie
hero member
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March 03, 2024, 05:36:20 PM
#15
As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.
I thought I have understood many things about bitcoin, but after an unknown sent bitcoin worth over 1 million dollars to the genesis address, I became more confused about bitcoin and feel there's conspiracy somewhere.
I asked myself these two questions;
  • Could this be Craig Wright proving he is Satoshi
  • Or some people are somewhere maybe Satoshi, using the BTC in Satoshwiaddress as reserves to avoid hijack and manipulation of the bitcoin network
Hmmm.
Craig Wright is far fro being the person of Satoshi and in his attempt to prove anything close to that has failed to yield any convincing evidence to support that claim, and if we should go along with Bitcoin ideology,  Craig is far from exhibiting any of the characteristics of bitcoin ideology as a way of proving that he has any connection to Bitcoin.
I am sure he already knows that,  and when it comes to Satoshi's real identity or if he is alive or not, that doesn't come out clear to almost all of us but then since Bitcoin is all about aninymiusity and privacy, he satoshi is playing the card well and on point to have gone exile and remained at that all this while.
legendary
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March 03, 2024, 05:30:32 PM
#14
What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!


If you are talking about the impact of crypto world to the global industry if Satoshi Nakamoto is alive and comes out to the public then I would say that it would not have much of an impact since other industries have their focuses and goals to reach. Satoshi Nakamoto is neither related to these industries' important matters to attend to.  But if we are talking about the impact of Satoshi Nakamoto going public to the cryptocurrency industry then I can say that the sudden appearance of the creator of Bitcoin will temporarily boost the market.  We might experience a sudden spike in the Bitcoin price which might last for some time until the market is getting used to Satoshi's presence.  The usual law of diminishing return.

There might be lots of huge events that involve Satoshi Nakamoto and probably he will be invited to the mass media for a forum or interview.  By this time, the spread of Bitcoin information will leap to a new height and the pro-Bitcoin government might invite Satoshi for a conference.

Anyway, all these changes are temporary since the market will eventually goe back to its normal move, so we might expect a huge correction after the huge hype created by the appearance of Satoshi Nakamoto.
hero member
Activity: 938
Merit: 552
March 03, 2024, 03:43:09 PM
#13
What do u think would be the Impact of Crypto world if  Satoshi Nakamoto is Alive and come out on Public ?
would we have a strong Bear market ?!


If Satoshi comes online, it's going to spark a lot controversies and I think US will be focus on finding out who is real Satoshi than the investigations they are doing right now. I don't think Satoshi would want to compromise Bitcoin with too much talk and will appear with his means of identification. He might be around us or even in the Forum and nobody will ever know, that's the advantage you get been a private person due to good privacy.

Quote
Some of these addresses especially the genesis address, hold more than the 50 BTC mining reward as some Bitcoin users occasionally send BTC to addresses belonging to Satoshi as a tribute.

As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.

If Satoshi was going to move this wallet, he would have done so since. What I need you to know is that, these wallet you see that people are wasting time on waiting for Satoshi to move these Bitcoins from their respective address might remain there forever. Satoshi might have another Bitcoin in his wallet sitting somewhere in even the latest segwit and nobody will know nothing, he create Bitcoin which is censorship resistance and freedom, he should know better how to move his wealth in Bitcoin without anyone knowing. So relax.
legendary
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March 03, 2024, 03:32:39 PM
#12
As in January of 2024 an unknown user sent 26.9 BTC valued at about $1.2 million at the time of the transaction, to the address Satoshi used to receive the first ever Bitcoin block reward. This transaction brought the holdings of the genesis address to almost 100 BTC.
I thought I have understood many things about bitcoin, but after an unknown sent bitcoin worth over 1 million dollars to the genesis address, I became more confused about bitcoin and feel there's conspiracy somewhere.
I asked myself these two questions;
  • Could this be Craig Wright proving he is Satoshi
  • Or some people are somewhere maybe Satoshi, using the BTC in Satoshi address as reserves to avoid hijack and manipulation of the bitcoin network
Hmmm.
hero member
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March 03, 2024, 02:20:38 PM
#11
I'm curious why you think the world knowing the identity of Satoshi will cause a bear market?

Satoshi being dead or alive doesn't matter because he has already fulfilled his purpose in the invention of Bitcoin, it does not matter if his actual identity is known to the world rather is the fact that he solved a world problem even against the government and won.

Giving Tribute to our heroes is what we as humans do and Satoshi with likes of Hal Finney are no exception.
The world knowing Satoshi does not really matters in the long run because we all will be history and Bitcoin will still remain.
I have been seeing a lot of talk online that Satoshi is not dead but he's alive. That could never stop the price of Bitcoin going bull. We would be surprised that there assumptions might last for a while but not for long. It has been very long that many people had been admitting that they are Satoshi Nakamoto but through findings, it was discovered that they arf just trying to gain popularity so the media will carry them and make them the talk of the town.

 These are just mere claims and I don't think even though Satoshi is alive, he's going to do what will make people to find out that he's Satoshi. I know after a while many of the talks will die off and the price of Bitcoin will still keeps going bull..
hero member
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March 03, 2024, 02:19:38 PM
#10
To be honest no one knows that either Satoshi is alive or not but most of us believe that he is still alive. Some people think that Hal Finney was Satoshi Nakamoto and they also believe that Satoshi is no more. But none of those can prove that really that Hal was Satoshi.

In actual, Satoshi left Bitcoin community because his main idea behind creation of Bitcoin was to create something that would allow humans to transfer money without relying on centralized entities. Satoshi is our hero and even always remain our hero.

He left Bitcoin community intentionally and I'm very sure that he won't reappear again. He is just anonymous and he will remain anonymous forever.
legendary
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March 03, 2024, 02:01:08 PM
#9
Okay, now I am overwhelmed by the number of posts which are being posted on this forum related to Satoshi Nakamoto. I could clearly understand why the OG members do not reply or respond to these threads as they are already done explaining similar stuff again and again. OP, doesn't matter if Satoshi is even alive or not. That clearly doesn't impact your life. What he/they built for all of us is what matters i.e. Bitcoin.

On one side of the pole, I can agree with you that I should not impact our lives even if Stoshi is alive or continuously showing activity with the wallets he'd used previously. At the same time, the fear of the flow of a massive Bitcoin in the market can cause a huge fud. So haha in psychology it has something to do with that still Stoshi owns a massive amount of Bitcoins and if he's alive there can be a possible turning point in the current or any future trend of the market.

Anyway.. May Stosshi live long and be a Bitcoiner nothing to worry about if he's alive haha there is a possibility to buy Bitcoin at a low haha, I'm waiting for such an Opportunity to grab Bitcoin in cheap to make some generational savings as well.
newbie
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March 03, 2024, 01:26:23 PM
#8
Okay, now I am overwhelmed by the number of posts which are being posted on this forum related to Satoshi Nakamoto. I could clearly understand why the OG members do not reply or respond to these threads as they are already done explaining similar stuff again and again. OP, doesn't matter if Satoshi is even alive or not. That clearly doesn't impact your life. What he/they built for all of us is what matters i.e. Bitcoin.

I agree with the quote below, it does matter an enormous amount if Satoshi starts to sell, and hopefully the effects will not last too long.



There will be a temporary massive panic in the BTC market if/when Satoshi starts to sell his huge pile of virgin coins. This will present a great opportunity for people with the guts to go against the crowd. The damage could be more severe and long-lasting if it combined with bad news related to the on-going post-FTX drama, and more countries "banning BTC", etc. Our bear markets get pretty predictable after a while, but the FTX hangover is real and not over with yet.

ps. When the market is hot and Bullish it is easy to say "to the moon!", remember to sell some, "hodling" 100% is for brainless idiots IMO.

legendary
Activity: 2604
Merit: 2353
March 03, 2024, 12:52:13 PM
#7
Satoshi Nakamoto is very unlikely to still be alive IMO. Intelligence services of some big countries like USA, Russia or China would have already found him if he is not protected by one of them at least. In addition, he would have left some legacy message to Bitcoin users and humanity IMO and send his Bitcoins to some charity fundation or a poor country if he doesn't want to use them. Hal Finney had been very badly ill before dying why he did nothing for him if he's not himself Satoshi?
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