Topic: Satoshi is Faceless - page 2. (Read 311 times)

Here we go again (inserts facepalm emoji). Do you also think it’s really Bitcoin’s fault? I’m asking because there seems to be no atom of defense added to your statement. I’ve read too many crap about how Bitcoin is used for this or that illegal activities but we keep forgetting that a sword could used to kill just as much as it can be used to chop something down. Doesn’t it depend on who is using it? They are just looking for something to say about Bitcoin, guess these people need to do better.

Because he thought it wise, and I’m sure he has no regrets for it even till date.

Safety for himself and his family is one of the biggest pointers that come to mind when we're talking about Satoshi's anonymity. Since you're the first person to counteract the monetary system that everyone's been falling under in the past millennia, you're bound to have a few enemies in the upper echelons of the society, some with the power to off you and your family as if you never existed in the first place. Satoshi's probably paranoid about this and so he made sure to cover up his tracks after the creation of bitcoin.

Or it could be that he just doesn't want the limelight. It's so hectic and problematic to be famous sometimes, and he prolly foresaw this while creating bitcoin. To spare himself the trouble, he just made sure to never reveal who he is.

You’re comparing bitcoin to crypto exchanges and centralized cryptocurrencies, that’s where you’re getting it wrong. Bitcoin is decentralized and has fixed supply of 21 million bitcoins. More bitcoins cannot be created neither can the system be manipulated. So even if Satoshi was present, he can not embezzle like FTX or Ripple did because the bitcoin code is open source and can be reviewed by everyone.

I don't know if you were trying to define bitcoin or cryptocurrency as a whole. In whatever case, note that not all cryptocurrency is decentralized. Infact, the only true decentralized cryptocurrency is bitcoin, so it is wrong to generalize decentralisation to the whole cryptocurrency.

Oh no, many people don't agree with this. Many people who are not blind and deaf and including the government are yet to see anything good in bitcoin which is why they keep fighting bitcoin.

Avoiding law suits, the government and paying fines is not the reason Satoshi remained anonymous. He did so to avoid an iota of centralisation especially in reaching consensus in the network. Besides, the nature of bitcoin doesn't need a CEO. If Satoshi wasn't anonymous, bitcoin would have had like 10 forkings.

Satoshi is Faceless

Cryptocurrency as a digital currency designed to be decentralized and work through a computer network has radicalized global economy and exchanges. It is visible to the blind and audible to the deaf that cryptocurrency has come to stay and BTC leads the crypto market.

As known Bitcoin is the world first cryptocurrency and was invented in 2008 by an Unkown person or group called Satoshi Nakamoto. This invention defiled many theoretical models and the traditional system now labels it as investment not to be use for transaction with merchants. More than $16 billion BTC has been traded since inception and it is estimated that over 144 million people owns Bitcoin globally.

It is of interest to know why the founder kept his identity unknown and remain faceless in a face of a culture changing invention.
Is He/She or are They afraid or Ashamed?

In recent times, Ripple CEO has spent over $150 million on law suit of violation to sales of XRP, Fine of $4.3 Billion has been labeled on binance and violation charges for CZ to pay $50 million and step down, FTX founder Sam faces 100 years imprisonment, Bittrex to pay $24 million to US regulatories etc. Who knows the next swing? But I am sure many more to come.

Allow me to argue here, it is humanly impossible to meet all regulations set by the Regulatory Agency and still remain in business. The Law in itself was written to fine and find a firm or establishment guilty and it also depends on whosoever that interprets or administer this law that you may be found or not be found guilty. Those who knows the Law uses it for their advantage no emotion attached.

Although Bitcoin in itself is unique, it was BTC founder Satoshi Nakamoto that led to the birthing of these great companies in the crypto space. If BTC is the lead of crypto I can clearly establish that following the happenstance Satoshi would have had a lot of cases to handle with SEC, FRB, FDIC etc. Several investigative file from FBI, CIA, IRS, INTERPOL etc. would have been opened. Also note, that Bitcion is criticize as used for Fraudulent and Criminal activities.

Another perspective, consistence attack on the personality of Satoshi would create divided attention and reduce Bitcoin as considerable option. As it is Written;
Strike the Shepherd and the sheep of the flock will scatter (Mathew 26:31)

So why is Satoshi Faceless? I leave it to conscious imagination of the did of men