Topic: Satoshi's faceless identity is the greatest Bitcoin success strategy - page 2. (Read 1135 times)

They wouldn't have go after bitcoin but rather Satoshi himself itself to ensure that his appearance seize from existing, buy the man with a vision known all these already right before he completed his works on bitcoin, the plan was already made in place and that's why you can't trace anything about bitcoin to a centralized entity no matter what, those suffering it were the exchanges who have physical location and the miners who inevitably depend on governments source of electricity to power their mining rig, blockchain has sum up the whole security on decentralization, i consider those after Satoshi or bitcoin as a chase after air with an already failed mission.

Funny that they're actually faceless (which, I note, is very different from being identity-less) but the name is often attributed to a face for a lot of people (and unfortunately I have actually personally met people who think the face belongs to CW, who's in Oslo now btw vs holdonaut). Even I think of a particular Japanese face heh.


A lot of coins learned from this. Look at Dogecoin. Rudderless even for long periods. Litecoin took the cue, as did Ethereum later (though Buterin's disassociation hasn't really had the same impact).

Satoshi's deliberate disappearance proved early on Bitcoin's decentralisation (without ever needing to purport it).

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.

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.

Satoshi was a very clever person. If he didn't hide his identity, governments would've been behind his tail in order to shut down the Bitcoin project or at least prevent it from happening. You can see why other projects had issues with the government, just because their developers' identities were public. Tornado.Cash is one good example of this. Most projects nowadays disclose developers' identities to help attract institutional investors into them. But they're ultimately sacrificing censorship-resistance, which is the pinnacle of crypto/Blockchain tech. I guess that's why Bitcoin is still the #1 cryptocurrency in the world (even though it's slow and expensive at times).

No one knows the whereabouts of Satoshi, especially when he vanished in 2011. At least, the community has taken the role of Satoshi by contributing towards the development of the Bitcoin network. As long as decentralization is prioritized, we should have nothing to worry about. Just my opinion

I don't know if this is Satoshi's strategy or not, because in my opinion Satoshi just wants to help everyone from the current economic crisis in a country, that's why Satoshi created Bitcoin and spread it to everyone after that he left without leaving a trace and also not revealing his identity to the public so this is still a mystery to this day. But all of that is no problem with the development of Bitcoin and will not have a bad impact on the growth of Bitcoin in the future.

Bitcoin is definitely a cryptocurrency which is on that too undeniably and at the same time it's also the first crypto and thus at the end of the day all others are kinda copied, but still they haven't been able to solve the problem of excessive usage of energy in mining and when we do then we can actually consider that an achievement, we need better updates and we have to remember that most Altcoin are backed up by bitcoins, since Bitcoins are able to steer clear of most things and maintain a synergistic positive relationships with Altcoins as well, it needs to work on its energy problrm.

I wish you just realize that you have deviated from bitcoin discussion into something else, the thread is not saying a debate in comparing PoW from PoS, bit i will like to drop you this two facts.

1. What we see are temporal but what we don't see last, I don't need an explanation on that because that's the subject matter of the discussion on this thread.

2. Bitcoin is the lead and king of all cryptocurrencies even with it PoW in in use, no other altcoin has by any means outsmart this fact either by PoS or any other means.

As for Satoshi, he will remain anonymous in other to keep the sustainability of the network lively and counter every traces of Craig among others in salient.

I think Satoshi’s faceless identity gave a great boost to the success of bitcoin. The fact that the creator of bitcoin chose to remain anonymous despite the fame and gain the coin has gathered over the years. Most likely, if the creator wasn’t keen on remaining anonymous, the coin wouldn’t have retained the value it has attained today. Surely it can be considered as a success strategy but definitely not the greatest success strategy.

One night I was wrapping my head over the mystery of satoshi, the identity and how powerful the name has become. That creature is a wonderful being, I don't know if it is a group of peopl, an individual or we can even call it a spirit. He was so powerful and disciplined I must confess. It is not easy to be completely anonymous in this social media era. Satoshi tried his best to erase any trace of their identity. I was wondering even when he was building the project bitcoin, he should have mentioned it to his guys, how come all the guys kept it confidential.

Tallking about OP, Satoshi's disappearance is an advantage to bitcoin, assuming the guy is still actively involved in bitcoin with an unhidden identity, let's say he eventually dies, what would have being the fate of bitcoin? I guess too many forking right? Again, bitcoin decision making would be impeded because so many people making decisions of about bitcoin will have to wait and see Satoshi's decision in the situation before they make. Satoshi's disappearances is one of the perfect things that happened to bitcoin.
Kudos to the hero.

Almost every people are with the same mind, because everyone are in need of the banking services for the daily needs. With time there is transition in payments, but the same isn't happening all around. Until then we need the banking and if Satoshi identity is revealed. Now he could've been marked a billionaire or someone could've taken control over him.

oh please stop!!
you have fallen for the coke sniffing conspiracy guys rhetoric..(the anti-gov nut)
im not pro gov, im just not a nutjob, im a realist that does research and understands how the real world works

tornado was not sanctioned/arrested just for coding a service
he as sanctioned and arrested for.. (take a breath and let this sink in)..
.. for then personally being involved in facilitating the laundering of hacked coins and more importantly getting a fee for facilitating that particular transaction..

it has nothing to do with maybe getting paid months before for making software. it was he personally benefited from the hacked funds being laundered(the exact transaction)

ethereum devs are not at some threat for just being developers

satoshi's disappearance or opposite(if he became public) would not have made any difference to the state of bitcoin. he had no backdoor that could have been interrogated out of him to then break bitcoin.

the actual important thing is that he left coins that were on p2pk and re-used addresses with atleast half a dozen signatures of those spends.
yet. without him around to move coin.. to stop anyone from spending(by moving coin) those coins.. those coins are FUD'ed as "at risk" .. yet 13 years of the coins being on those FUD'ed weak addresses.. no one has managed to spend/steal those coins(which proves the security of bitcoin by lack of theft)

and that is the strength of bitcoin. knowing someone can leave coins for 12+ years so far and no one else can steal them.. which brings more trust to bitcoin then the social drama of "who" invented it

---

bitcoins security and status and trust and success is not based on some social drama "fame"

its based on cryptography that proves itself to be successfully secure. and thats bitcoins greatest success

The fact is we can enjoy Bitcoin 100% without bordering to know who the creator is as long as transactions are based on Peer to peer we can be ok with that and that is the beauty in the decentralized nature of Bitcoin.

Bitcoin is not under the influence of anybody or institution and the invisibility of Satoshi is one of the things that give Bitcoin it credence, and to say we should compare Bitcoin to altcoins I will see that as a wasted effort both can still co-exist with each other without any problem, as long as both aid scalability of the cryptocurrency industry.

In this case, I am still in contact with several banks because consciously or not, I still really need them for my daily life because banks and fiat still dominate in my country. but in this case, it doesn't stop me from being in Crypto especially bitcoin, because for me for now holding bitcoin doesn't mean having to get rid of it and as if I don't need a bank.

This assumption may be true or false at the same time, because if you look at the dominant feature of Bitcoin which is decentralization make it far from your assumption of the individuals behind Bitcoin as wanting to have control of the global economy., Bitcoin may have been a creation of elites that is aim at giving the citizens and its users freedom from third parties and the autocratic ways of government-issued currency.

I don't know who made it, let it be a mystery, even though it was successful, at least it was really designed as little as possible to really make bitcoin a long-term asset, if it wasn't designed as well as possible then bitcoin has no price at this time, then I think they are they think that Satoshi is not an individual, but works in a group that has knowledge in their respective fields, it is not impossible that this Satoshi was created by global elites to develop their ambitions, dominate the world economy..

I sometimes wonder how they manage to animously make the point while keeping everything secret. But the success of this Bitcoin is revealed by being animous. I respect Satoshi's and his team for this cashless breakthrough invention. But I won't call all alt-coins shitty coins because currently many good coins like etherium are working as bitcoin's helping hand to increase the range of cryptocurrency.

It go plays along with the main basic feature or characteristic of bitcoin which is anonymous which its creator did really decide not to show up his face into the public even though he didnt know on whats the future

of what he had created or invented which is something revolutionary or something did really make big changes in history of finance or simply with money.It do give us up that option which we do have the full control

of our funds and this is the main reason on why it do really get that much support by the community due to this.Although we do have lots of better coins in the market as of this moment
but still nothing beats out the king of all coins.

The reality of the matter is that satoshi is a faceless image and as far as i can guess the name satoshi is a code name and does not have any individual bearing it and i also think that, why Bitcoin is this strong and stable in its the price is because of this faceless and decentralized nature. Bitcoin is and will remain the most decentralized and highly secured crypto in the market today. If satoshi was an individual and his identity goes public most Bitcoin holders will not trust the Bitcoin network the way they are now, take ethereum for example the creator is known that is why there have been regular changes in it network.

It's a good thing Bitcoin was created by an anonymous person, or governments would've already destroyed it. With what happened with Tornado.Cash lately, crypto's vision of being a "censorship-resistant" kind of money would be put at risk. It's very disappointing to see so many Blockchain projects with publicly-known developers and/or founders. I know they want to attract VCs and institutional investors, but they're ultimately sacrificing censorship-resistance and decentralization. You can see how the easily the government has been able to catch a developer of the Tornado.Cash mixing protocol. Things would've been different if he would've been an anonymous person.

Ethereum could be doomed as well, since the founder is widely known by the public (which is Vitalik Buterin). What makes you think someday governments will hold Vitalik accountable for creating a platform which encourages "money laundering" and "tax evasion"? The same could happen with any other crypto project with known developers/founders. At least, Bitcoin won't be going anywhere soon. Who knows if 99% of alts die while Bitcoin remains the "only kid in town"? Just my opinion