Topic: Satoshi's faceless identity is the greatest Bitcoin success strategy (Read 973 times)

The identity issue is a personal decision and since cryptocurrency is all about privacy and security I don't think Bitcoin developer Satoshi's identity should not be made public because if satoshi's identity becomes public it will lead to Bitcoin becoming more centralized as there will be some form of control over the network, but as it is right now, Bitcoin is highly decentralized and this is as a result of it developer being unknown and out of the scene for a long time now. Even some altcoins whose creators are known are becoming more centralized and controlled by both the creator and the regulators.
So I think Bitcoin is ok the way it is and satoshi identity is not needed for Bitcoin safety or adoption.

I don't get why most projects these days have their team members' identities public. It gives governments the chance to prosecute the individuals behind crypto projects at will. There's a reason why Satoshi never disclosed his identity in the first place. If only Vitalik copied Satoshi's footsteps, the Ethereum project wouldn't had been a mess today. The sanctions against the Tornado.Cash mixer and the PoS upgrade on the ETH blockchain have greatly undermined people's privacy and freedom.

I believe crypto/Blockchain tech needs to remain as decentralized and censorship-resistant as possible to help render governments' efforts worthless. It seems to me that only Bitcoin will remain decentralized because of its unknown creator. The rest will simply go all the way downhill in an instant. Kudos again to Satoshi for doing the right thing from the start. Just my thoughts

I completely agree with you on this.. I belive it gave people a sense that Bitcoin is truly decentralised otherwise people would be pointing out Satoshi as the owner and would have blamed him for each falll. While making him change the Bitcoin algorithm or increase supply to meet public demand or authorities would have scuttled the project by personally targetting him.

Satoshi identity does not have any impact on Bitcoin but his large Bitcoin holding does have big impact on Bitcoin, despite the fact that the original concept of Bitcoin is generalization and privacy consciousness this is why bitcoins are p2p oriented for privacy sake.

What I believe is Satoshi already had a well-planned road map of this and that is why he become anonymous immediately after the Bitcoins network became live and transactions were confirmed marking the first time stamp.

To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2-  altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.

A close look and observations of both will tell you what their both stand for, their strength and weaknesses e.g
Bitcoin is a highly decentralized digital currency that gives its user total control, this freedom is possible because the Bitcoin network is on an automatic pilot mood. That is to say, no individual owned or control its network, so the room for influence is zero since the Bitcoin creator remain anonymous a long time ago.
Altcoins on the other hand are suffering from the grips of capitalization, over the controlled and highly unsecured method of network protocols, since their creators are known and they have 100% control of the coins, this has made the altcoin market become a dumping ground for bad projects and coin development.
These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.

To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

At least, Satoshi lived a low-profile life. He didn't want to attract publicity, after all (unlike Craig Wright). Bitcoin's creator planned things thoroughly to help protect the cryptocurrency's censorship-resistance at all costs. If he would've disclosed his identity from the start, Bitcoin wouldn't have been born today. Now it's too late to do anything about it, as Bitcoin has grown too big to fail. Governments are going to need to embrace the revolution or be left behind in the dust.

Cryptocurrencies with publicly-known founders/creators (eg: Ethereum) are in serious trouble as governments could prosecute them at will. Most projects reveal the team's identities to help attract VCs, but they're ultimately defecting to the regulators. Effectively, regulations would prevent crypto from achieving its full potential as censorship-resistant money anyone can use worldwide. It's a dark future ahead for altcoins, due to their decision to sacrifice decentralization/censorship-resistance in favor of cost-efficiency and high performance. With or without Satoshi, I think Bitcoin will last for generations thanks to the way it was designed. Just my thoughts

even though Satoshi Nakamoto has always told him his identity, I think bitcoin will still be victorious and be number one as it is now because bitcoin is the first digital money in the world, don't think if satoshi shows up and reveals his identity will make bitcoin unstable or down it's a big mistake in my opinion, even if Satoshi appears it will be phenomenal and attracts all especially for bitcoin progress.

What did Satoshi do by hiding his identity? He protected his life against deep state forces. He avoided personal polemics that were pointless and offensive. He gave Bitcoin to all humanity, not to one person.

In fact, the desire to be known is a very strong desire. We all want to be known because that's when our lives and existences become meaningful. That's why I admire Satoshi, who undersigned a revolution like Bitcoin and concealed his personal identity. Also, I'm guessing it's Hal. I was depressed while writing these lines. Normally I'm not that emotional. Running Bitcoin...

Bitcoin's decentralized nature has made it possible for Bitcoin users to maintain high privacy, but even at that there have been a lot of speculations around Satoshi's identity but again none of his social media or other communication channels have been active since his exit from the science some years ago.

True, Bitcoin have become stronger without Satoshi presence in the community and that have also given Bitcoin the image of the uncontrollable network since there is no known figure that controls the network and no constant changes that could undermine Bitcoin security such as what we may witness with ethereum proof of stake algorithm.

Satoshi's unknown identity has also given Bitcoin more legitimacy from investors and that is why Bitcoin has remained the dominant cryptocurrency up till this very moment.

Not only his/her/their face, but the fact that we don't know for sure what Satoshi's political views are and who Satoshi's preferred presidential candidate is and all that. All we know is that Satoshi thinks we needed uncensorable money separate from the state, and that's it.