No Wonder Satoshi Disappeared... | Bitcointalksearch.org

JC btc

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Quote from: Mmesooma1 on November 10, 2019, 08:20:17 AM

Quote from: tsaroz on November 07, 2019, 11:55:31 AM

With his last of mails released. Anyone can easily predict satoshi was planning the exit the day he started. He knew bitcoin is going to be a success without him. Accumulated a good amount of coin and disappeared without a trace. I respect his desire of privacy but if he won't reveal himself, a great person would get lost in the disguise of a pseudonym.

I was about saying same. Dude is most probably a well articulated individual and had all his plans premeditated. He forsaw a problem that can be used effectively in the dark web and thus transmitted into the surface web to create money transfer solution. He didnt want the glory and name so he published his invention and went anonymous which is one of the best decisions ever made for cryptocurrency survival and adoption till recent date

Which is the main reason why he really vanished, and it really happened. Satoshi has been most wanted during the early age years of Bitcoin, as they think he is the one promoting dark web too, so he was afraid for his life, he doesn't want to risk as he has for sure family that he should take care of, anyway, still a great job for him as he have foreseen this event, he was really a genius.

BitHodler

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Quote from: #Darren on November 10, 2019, 05:10:08 AM

Still cannot understand why so much people are investing in Ripple. This coin is a centralised garbage, that was created to make its founders rich.

The whole idea is that banks will use XRP for cross border transactions, which means that they will take a lot of XRP out of circulation to facilitate high value transactions in a matter of seconds.

The idea itself isn't all that bad, but so there are hundreds of other ideas that look great on paper but don't lead to anything.... imagine the desperation of those who bought XRP at +$1 thinking it will pump straight to +$100.

Quote from: #Darren on November 10, 2019, 05:10:08 AM

Ripple is regulated and has no limited supply, so why the hell it is on the crypto market?

Ripple itself might be regulated, but XRP itself isn't---it's not even clear yet whether it's considered a security or not. As far as supply goes, it seems to be limited, but what if Ripple runs out of XRP to sell? I don't rule out issuance of more XRP.

Mmesooma1

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Quote from: tsaroz on November 07, 2019, 11:55:31 AM

With his last of mails released. Anyone can easily predict satoshi was planning the exit the day he started. He knew bitcoin is going to be a success without him. Accumulated a good amount of coin and disappeared without a trace. I respect his desire of privacy but if he won't reveal himself, a great person would get lost in the disguise of a pseudonym.

I was about saying same. Dude is most probably a well articulated individual and had all his plans premeditated. He forsaw a problem that can be used effectively in the dark web and thus transmitted into the surface web to create money transfer solution. He didnt want the glory and name so he published his invention and went anonymous which is one of the best decisions ever made for cryptocurrency survival and adoption till recent date

#Darren

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Still cannot understand why so much people are investing in Ripple. This coin is a centralised garbage, that was created to make its founders rich. Ripple is regulated and has no limited supply, so why the hell it is on the crypto market?

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Quote from: Bitfling on November 09, 2019, 07:48:03 PM

Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

If satoshi displays his identity from the start, maybe people will think bitcoin is a fraud or ponzi scheme. It's true that Satoshi has disappeared so that his vision of peer to peer develops and this is happening right now with the price of bitcoin which has the potential to continue to strengthen year after year.

If you analyze all the statements regarding cryptocurrency and in particular about Bitcoin, then you can find a large number of negative statements that say that Bitcoin is a very smart fraudulent scheme. And I ask you to note the fact that this negativity exists and will exist despite the fact that the identity of Satoshi Nakamoto is disclosed or not, this person appeared in society or not.

Bitfling

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

If satoshi displays his identity from the start, maybe people will think bitcoin is a fraud or ponzi scheme. It's true that Satoshi has disappeared so that his vision of peer to peer develops and this is happening right now with the price of bitcoin which has the potential to continue to strengthen year after year.

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Quote from: tenakha on November 08, 2019, 04:26:46 PM

Quote from: leavolnhals on November 08, 2019, 01:19:35 PM

whether he disappeared or still alive, he could not do anything about bitcoin since there were so many people holding bitcoin and the right to manipulate belonged to others. Satoshi is only a name now and he no longer has any special influence.

Satoshi is the creator of almost all the cryptocurrency. The Bitcoin created by him has created a whole market. Do you think that means nothing?

Pretty sure he refer to the fact that bitcoin is decentralized even satoshi has no control over it but the name satoshi still has influence to the public.You need to note that satoshi did not create all the cryptos. He’s publishing the bitcoin source code indeed but there are plenty of coins that are quite different to bitcoin and last time ai remember the coin that has familiar code to bitcoin is Litecoin.

laskybok

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The advent of bitcoin within a short space time, has brought great transformation. Satoshi already saw saw this coming before he launched it, because that was part of his core vision. Had it been we know him in person, then a lot would have happened.

upyem2k

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I don't get it. Is anyone comparing Satoshi disappearance to justify woes on the ripple? Satoshi believes he left bitcoin in good hands and moves to something else. That's what achievers do.

huu78

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Cryptocurrency is a Digital currency, somehow the project that Satoshi woke him even disappeared when it was a big success. He lives behind it by raking in the advantages of the bitcoins he holds.
Bitcoin and Ripple are really different they are not the same. Bitcoin is generated through mining and can be in mining by anyone while Ripple already has a supply that is held by the developer or the company for their community for something event.

tenakha

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Quote from: leavolnhals on November 08, 2019, 01:19:35 PM

whether he disappeared or still alive, he could not do anything about bitcoin since there were so many people holding bitcoin and the right to manipulate belonged to others. Satoshi is only a name now and he no longer has any special influence.

Satoshi is the creator of almost all the cryptocurrency. The Bitcoin created by him has created a whole market. Do you think that means nothing?

leavolnhals

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whether he disappeared or still alive, he could not do anything about bitcoin since there were so many people holding bitcoin and the right to manipulate belonged to others. Satoshi is only a name now and he no longer has any special influence.

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True decentralisation speaks anonymity which is good to everyone. Imagine staying anon yet controlling large sum of money and being able to transact globally.

redsun114

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The case of bitcoin would have been a different one entirely because Satoshi project is a decentralized coin which people already understand and even if he was known, people would not have been able to sue him for anything if they really understand how the whole things operates.

Ripple has always been full of deceit right from onset and I never trust them for anything, I am even glad that someone is wise enough to see their deceit and then sue them for it because no matter how much investors pumps money into the ripple business, they will never get any yield from it, and if you look at the last pump that they had, it was an artificial pump which made many people holding on to that believe ripple will reach $4 again for a project that is not being used by people.

adzino

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What does ripple have to do with Satoshis disappearance?
Anyways, Ripple is a company not a coin. They are the one that created XRP and is holding majority of the coins, thus many does not consider XRP as a decentralized currency. High chances the coin itself might become worthless as more people realizes this. Coins being created out of thin air and majority being held by a company does not sound like a decentralized crypto currency. Feels more like a currency that is controlled and can be easily manipulated.
Good thing Satoshi disappeared, or else people would worship him and any act or words said by him might cause some serious changes in the bitcoin market. Him being disappeared means his influence from the coin being gone thus making the coin truly decentralized.

OasisDre

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

To me i think its better if satoshi stay hidden or vanished forever, its really a good thing for the whole crypto community unlike ripple that is centralized and vulnerable as well, we really shouldn't be comparing both, the difference is marginal

error08

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Bitcoin is different from altcoins, can't be compared.
When satoshi left bitcoin core, he had the reasons, he said; “I’ve moved on to other things,” Satoshi wrote back. “It’s in good hands with Gavin and everyone.”
Although the disappearance of satoshi might be a good thing for the bitcoin community, still it's pain in our heart never sees anything from him again.

https://bitcointalksearch.org/topic/satoshi-moving-on-to-other-things-4712900

BitcoinsGreat

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Quote from: DooMAD on November 07, 2019, 09:23:25 AM

Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Money is big business.

Ripple is literally a business, though. It's not a valid comparison with BTC and satoshi. Bitcoin isn't an entity that can be sued for giving investors fraudulent advice. Ripple is.

Ripple is centralized and as they claim that banks will be using it. I still looking which banks are actively using it in their daily transactions ?

Doesn't matter Satoshi did not disclose his entity, bitcoin was made to be anonymous and therefore you can understand the reason.

maydna

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I don't think that was the reason why Satoshi disappeared and hiding from us. He must have the other important reason, but he cannot tell us about that. But no matter what Satoshi reason, we will not know, and we don't have to think about why, but we need to continue for what Satoshi did so bitcoin can be more popular than now. Lets Satoshi does what he wants to do, and we do what we need to do while we will see bitcoin price increased later. And if Satoshi thinks that he needs to show himself, he will come to this forum again, and he will tell the reason. But ripple is different than bitcoin, and it cannot compare to bitcoin.

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Quote from: Velkro on November 07, 2019, 06:55:49 PM

Dying from Satoshi was worst that happen to him, but best that happen for Bitcoin. Its brutal, but its reality.

Disappearing was surely a conscious choice on his part. There's no way it could achieve the goals he envisioned if he'd stuck around answering questions and tinkering. It had to move beyond one person.

Velkro

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

Just need to look at Vitalik. He is vulnerable and Ethereum is vulnerable too in same time because of this.
Dying from Satoshi was worst that happen to him, but best that happen for Bitcoin. Its brutal, but its reality.

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Quote from: ?? on ??

Quote from: gentlemand on November 07, 2019, 05:08:35 PM

Ripple is far older than BTC. If I remember rightly it got rolling in a rather different form in 2004 or so. This makes it a double piss take as it's had 15 goddamn years to achieve something, and indeed it has - a truly ludicrous price based on nothing.

Back then, Ripplepay.com was just a website that allowed people to extend credit to one another. There was no native currency like XRP. The whole thing was reinvented as a Bitcoin copycat with centrally issued tokens in 2012. So, XRP has only had 7 years to attain a totally ridiculous price. Tongue

For years ripple has been promoted through various domains, but nothing reached the common people. After the evolutionary bitcoin ripple is being reinvented as said in the above quote. This being comparison with bitcoin it got its usage. Further at times they themselves manipulated with price pumping to make it visible to the community who aren't much focused on it.

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Who really knows that Satoshi Dissappeared? Who knows Satoshi is just behind reading your post Shocked

. Since nobody knows where is Satoshi because Satoshi is anonymous I think it is his plans to keep quit for security reason because he is already succeeded in making bitcoin a valuable coin in crypto space.

1Referee

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Quote from: gentlemand on November 07, 2019, 05:08:35 PM

and indeed it has - a truly ludicrous price based on nothing.

Ripple is smart. The gang behind it owns most of the coins in existence. All they did is create hype around their project where people now believe that institutions will use it as settlement layer. In the background, Ripple has sold billions of coins to otc buyers. If that isn't a smart way to unload your bags without immediately crashing the market like outright scams do, I don't know what is.

The scheme ends when all their reserves are sold out. Currently they have 50 billion to unload still.

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Quote from: gentlemand on November 07, 2019, 11:33:18 AM

'In a suit, the plaintiff accused the company of breaching securities guidelines by issuing XRP monthly in sales to the public with promises of gain.'

Is there any truth to that? If that's declared to be the case then they're in for quite the ride.

i don't pay particular attention to ripple, but i've kept a loose eye on it ever since 2013 and i read the headlines. i would be very surprised if they ever explicitly promised returns on XRP investment. like BNB/binance though, ripple labs' actions do imply returns, and i'm not sure where the SEC stands on that.

it doesn't look like we're gonna get any resolution on the question anyway:

Quote

While the complaint alleged that the cryptocurrency XRP is a security, it is unlikely that this question will be resolved during the ongoing proceedings, according to legal experts.

gentlemand

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Quote from: hello_good_sir on November 07, 2019, 04:30:21 PM

Was ripple even around when Satoshi disappeared. If it wasn't, this isn't a really good reason why he disappeared from the scene, pretty sure he left when there was no other crypto-currency (other then BTC), and other cryptos like ETH, etc, where created a year later.

Ripple is far older than BTC. If I remember rightly it got rolling in a rather different form in 2004 or so. This makes it a double piss take as it's had 15 goddamn years to achieve something, and indeed it has - a truly ludicrous price based on nothing.

hello_good_sir

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

Was ripple even around when Satoshi disappeared. If it wasn't, this isn't a really good reason why he disappeared from the scene, pretty sure he left when there was no other crypto-currency (other then BTC), and other cryptos like ETH, etc, where created a year later.

Ripple is a business that tries to sell tokens as securities/assets/blah blah, and it's completely different from bitcoin, which is a decentralized payment method/storage of value, and they have nothing in common except they are both crypto-currencies.

If Satoshi was around, I'm sure that we'd see a lot more action against these coins, fun to think about Tongue

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Quote from: Kprawn on November 07, 2019, 11:48:37 AM

They did not snuck in, they just started offering people FREE Ripple for their Facebook identity and a lot of gullible people fell for that offer and

linked their real identity to those tokens. So from the start, Ripple went out to destroy anonymity and to bend over to the regulatory authorities

to get traction in the market. They even went to the Banks and begged them to use Ripple. Roll Eyes

It snuck in in the way that it's one of the top coins even when it shouldn't be because it stands out like a fucking bear between standing between dogs. It's not decentralized it's not mined it was premined if we even can call it that and it depends on the company that made it.

It was distributed but how the hell did so many people buy it to make it a top 5 cryptocurrency. With only airdrop hunters as their clientele they wouldn't be so high.

shield132

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

Creation of bitcoin was great thing, it needed some background story and it happened, scenario: Satoshi created bitcoin, mined 1 million btc and then disappeared. Why was he with us for a while? It's still unknown and also why he disappeared but I have own versions on this.
1. Maybe he disappeared because he got 1 million bitcoin, enough money for his life. Revealing of his identity would be very risky and dangerous for his health/wealth. Remember why bitmixer owner closed real and super money making machine, his website? He earned money and closed to feel safe, did best thing.
2. What benefit would he get from being in a game? Satoshi gone, bitcoin alone and rises. No fear for satoshi but to see huge gains and profits. Which is better, to be under stress or to sit at home, watch TV and be billionaire? Almost everyone dreams that last one and satoshi turned that dream into reality for him.
3. We can say a lot of variants, maybe it wasn't done by individual and planned from governments? Look bitcoin like a virus, you think it's unbeatable (anonymous) and there is no antidote (way to track transactions) but in reality there is and creators own that. Then this last one sounds logical too.

josephdd1

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I don't think these issues have anything to do with why Satoshi disappeared.

Rumors suggest that Hal Finney—a famous developer created Bitcoin, since he is the first know user.

Finney died a few years ago, hence why Satoshi hasn't been heard from in a while.

chaoscoinz

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

If Satoshi disappeared it is most likely because he has moved onto bigger and better projects. Being that this project has been a complete success, I'm sure Satoshi made other plans for the moment. He hasn't touched any of his share of Bitcoins, not a single satoshi So likely not important to him.
Just a theory

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

I don't think this can be considered as one of the reasons satoshi disappeared. And in another note, ripple is totally centralized and that is the main reason why we see such news related to it. I believe that Satoshi disappeared because he realized that people didn't really understand his idea behind creating Bitcoin and these people had the power to destroy what he had created if his identity is made public.

vintages

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I'm a little bit confused of where you are pinpointing your point to. Though, indeed, cryptocurrency is money and the true one for that matter.
I think the disappearance of Satoshi is the best thing that has ever happened to Bitcoin. It promoted it decentralization.
If the true identity of the guy is known, there will be too much conspiracies and controversial. And Bitcoin might not have reached the stage it is presently.

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Quote from: Artemis3 on November 07, 2019, 12:30:46 PM

Quote from: Slow death on November 07, 2019, 12:04:48 PM

my brain froze, what this:

" No Wonder Satoshi Disappeared... " title of your thread has to do with this:

Ripple’s Woes May Multiply As Disgruntled Investor Files Fresh Claims[/url]

you are trying to get people's attention for a discussion that has nothing to do with satoshi

Its very misleading, like those cheap tricks used by traditional media: News papers. You get a headline of something, and the content is completely different.

"And now, for something completely different..."

I think the link is that if Satoshi were around, he'd be a centralizing factor for Bitcoin and a possible basis for legal action against the network.

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Quote from: Slow death on November 07, 2019, 12:04:48 PM

my brain froze, what this:

" No Wonder Satoshi Disappeared... " title of your thread has to do with this:

Ripple’s Woes May Multiply As Disgruntled Investor Files Fresh Claims[/url]

you are trying to get people's attention for a discussion that has nothing to do with satoshi

Its very misleading, like those cheap tricks used by traditional media: News papers. You get a headline of something, and the content is completely different.

"And now, for something completely different..."

iamaruf

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Tittle and body is different lol.
Btc and ripple is two different coins.Ripple tried to attract investors by doings communication with bank and failed.in my view ripple is centralised and btc is decentralised. So there is high risk if you use ripple to be anonymous because of bank. btc is far better than xrp. Also there is not enough development from XRP team.

Slow death

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my brain froze, what this:

" No Wonder Satoshi Disappeared... " title of your thread has to do with this:

Ripple’s Woes May Multiply As Disgruntled Investor Files Fresh Claims

you are trying to get people's attention for a discussion that has nothing to do with satoshi

kryptqnick

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

Well, Ripple tried to do it in a bank-friendly way, and they attracted investors who are obviously not happy now that the project did not have much progress over the last couple of years. However, I don't see how this relates to Bitcoin since Bitcoin was not an investment tied to some project in the first place, thus Satoshi could not be accused of similar things as Ripple's team. However, I do believe that it's safer for Satoshi to remain anonymous because someone could surely try to make him go to jail for creating a new form of money and for making as well as allowing to make money without paying taxes.

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Quote from: DooMAD on November 07, 2019, 09:23:25 AM

Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Money is big business.

Ripple is literally a business, though. It's not a valid comparison with BTC and satoshi. Bitcoin isn't an entity that can be sued for giving investors fraudulent advice. Ripple is.

I have noticed this too even though I havent been into it for very long. Only used it for transactions due to it being offered as many have indicated already how they managed to get the majority of their user base by offering it to them for free in the beginning. But for a trade in for their identities via facebook.
I dont agree with their ethics and what their company stands for from what I have seen so far in the cryptonews shows on youtube about ripple but it is the fastest to transfer funds then what I have used so far. And I believe this is the determining factor in what those big businesses really care about including the banking entities looking to use cryptocurrency for their own agendas. Sad

tsaroz

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With his last of mails released. Anyone can easily predict satoshi was planning the exit the day he started. He knew bitcoin is going to be a success without him. Accumulated a good amount of coin and disappeared without a trace. I respect his desire of privacy but if he won't reveal himself, a great person would get lost in the disguise of a pseudonym.

Kprawn

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Quote from: gentlemand on November 07, 2019, 11:33:18 AM

'In a suit, the plaintiff accused the company of breaching securities guidelines by issuing XRP monthly in sales to the public with promises of gain.'

Is there any truth to that? If that's declared to be the case then they're in for quite the ride.

No one's ever been able to explain to me how the fuck XRP ever snuck into the crypto market in the first place. Almost everything about it is the very antithesis of it.

As for Satoshi's disappearance, beyond its creation it's the wisest act he ever carried out. It's one of the reasons BTC will remain the gold standard.

They did not snuck in, they just started offering people FREE Ripple for their Facebook identity and a lot of gullible people fell for that offer and

linked their real identity to those tokens. So from the start, Ripple went out to destroy anonymity and to bend over to the regulatory authorities

to get traction in the market. They even went to the Banks and begged them to use Ripple. Roll Eyes

gentlemand

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'In a suit, the plaintiff accused the company of breaching securities guidelines by issuing XRP monthly in sales to the public with promises of gain.'

Is there any truth to that? If that's declared to be the case then they're in for quite the ride.

No one's ever been able to explain to me how the fuck XRP ever snuck into the crypto market in the first place. Almost everything about it is the very antithesis of it.

As for Satoshi's disappearance, beyond its creation it's the wisest act he ever carried out. It's one of the reasons BTC will remain the gold standard.

mk4

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BTC: is generated through mining, and can by mined by anyone(with the right hardware).
XRP: the total supply is already generated, and is slowly distributed by Ripple, the company. Basically created out of thin air. And they hold majority of the total supply.

See the huge difference there? Though I'm not saying Satoshi disappearing is a bad idea. It's definitely for the good for him, and for Bitcoin in general.

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Quote from: Cyberczar on November 07, 2019, 07:55:28 AM

Money is big business.

Ripple is literally a business, though. It's not a valid comparison with BTC and satoshi. Bitcoin isn't an entity that can be sued for giving investors fraudulent advice. Ripple is.

Cyberczar

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Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared.

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