The days are gone that bitcoin is only being treated by a criminals money because many governments already legalized and approved its use. Many big institutions and famous personalities are also using it. I think I agree on the title of the thread. People got curious because the founder of this coin is mysterious so they will try it.
Topic: Satoshi's faceless identity is the greatest Bitcoin success strategy - page 3. (Read 1135 times)
August 15, 2022, 07:39:32 AM
The days are gone that bitcoin is only being treated by a criminals money because many governments already legalized and approved its use. Many big institutions and famous personalities are also using it. I think I agree on the title of the thread. People got curious because the founder of this coin is mysterious so they will try it.
August 14, 2022, 02:10:59 PM
There is a really high chance that if some day Satoshi's identity became known, bitcoin price would dump.
Hi pooya87, i would like to know why you think there is a high chance that bitcoin price will dump if Satoshi's identity is revealed some day, i was thinking in the opposite way, i feel if his identity is revealed it will be everywhere in the news and that is more attention, which may lead to greater demand for the use of bitcoin. Secondly, you know many people see bitcoin as a mystery, because of how mysteriously its creator is unknown and unseen, so they don't want to use it, they think it is a scam and can't be trusted (i know they are wrong, because bitcoin is open-source, and the creator is not needed technically to prove it is legit, anybody can verify that), but for people who are not very knowledgeable, Satoshi's presence can give them more trust in the network right? Resulting in more demand, and a pump in price.The days are gone that bitcoin is only being treated by a criminals money because many governments already legalized and approved its use. Many big institutions and famous personalities are also using it. I think I agree on the title of the thread. People got curious because the founder of this coin is mysterious so they will try it.
August 14, 2022, 05:16:10 AM
As long as i know the name of satoshi there is no clear source about satoshi wanting to show his photo to the public, satoshi is a figure whose identity mystery has not been revealed until now we all only know the name of satoshi whether he is a person or satoshi a small community that created bitcoin is still a mystery until now and I'm sure it will remain a mystery. If anyone claims to be a satoshi, I can assure you it's fake.
August 14, 2022, 04:47:51 AM
Satoshi never wanted his identity to be seen. Because Satoshi invented Bitcoin is the top cryptocurrency currency in the world market. That is to say that other people instead of Bitcoin Alt Coins inaugurated. That's why the cryptocurrency market as an alternative altcoin acceptable Altcoins on Hidden Identity Bitcoin By creating that we can say that Arrowt Coin also has some future.
August 14, 2022, 04:29:44 AM
Anonymous person behind the bitcoin is one of the main reason why it has grown because if the identity is revealed there can be lot of manipulation can be possible and divide the community based on nationality, religion, etc, etc so I beleive it is better to be as it is since we all know even the presence of Satoshi is not going to make any difference technically on the other side it has lot of downsides which can even stop the adoption of bitcoin anymore.
Your reply doesn't answer my question friend, maybe you did not understand my inquiry as you weren't the member i quoted initially, but i understand your sentiments, you may be correct when you say Satoshi's hidden identity is the reason why bitcoin has grown this fast (even though i do not know how), but then what manipulations can occur if Satoshi is known, none that i can try to think of, there have been manipulations since bitcoin was created, but they don't affect the network other than causing a dump on the price for a very short time, another error in your post is in the area of 'division', bitcoin is decentralized, and dev's work for the good of the network, if Satoshi is somehow known, bitcoin will still be decentralized and you know what i said dev's do. I agree with you that the network is better as it is, and that wasn't what my earlier inquiry was about either. Cheers!
August 13, 2022, 04:01:07 PM
a slightest movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.
You are right any slight movement in that wallet will cause a lot of reaction from the Bitcoin community also I agree with you on the fact that Satoshi has another wallet he is operating from and making daily transactions for such wallets. I believe Satoshi's faceless identity is just a measure to curtail any possible interference with the Bitcoin system and network, since Satoshi practically developed Bitcoin his presence will cause a threat to the growth and safety of the community. Take ethereum for example.Don't you all think that a person like Satoshi who jave successfully launched bitcoin and it's been maintained till date while being anonymous has gone extra miles than we are just thinking or saying about him, his steps and some of his expected moves, the reality here that i see is that Satoshi is unpredictable just as bitcoin is pseudoanonymius so is the creator anonymous in all his doings else he would have been tracked down if what we are all thinking is true about him.
August 13, 2022, 03:54:55 PM
a slightest movement from his vault will attract huge attention from throughout the world so he might also not be doing this because of this.
You are right any slight movement in that wallet will cause a lot of reaction from the Bitcoin community also I agree with you on the fact that Satoshi has another wallet he is operating from and making daily transactions for such wallets. I believe Satoshi's faceless identity is just a measure to curtail any possible interference with the Bitcoin system and network, since Satoshi practically developed Bitcoin his presence will cause a threat to the growth and safety of the community. Take ethereum for example. 
August 13, 2022, 11:19:19 AM
Anonymous person behind the bitcoin is one of the main reason why it has grown because if the identity is revealed there can be lot of manipulation can be possible and divide the community based on nationality, religion, etc, etc so I beleive it is better to be as it is since we all know even the presence of Satoshi is not going to make any difference technically on the other side it has lot of downsides which can even stop the adoption of bitcoin anymore.
Your reply doesn't answer my question friend, maybe you did not understand my inquiry as you weren't the member i quoted initially, but i understand your sentiments, you may be correct when you say Satoshi's hidden identity is the reason why bitcoin has grown this fast (even though i do not know how), but then what manipulations can occur if Satoshi is known, none that i can try to think of, there have been manipulations since bitcoin was created, but they don't affect the network other than causing a dump on the price for a very short time, another error in your post is in the area of 'division', bitcoin is decentralized, and dev's work for the good of the network, if Satoshi is somehow known, bitcoin will still be decentralized and you know what i said dev's do. I agree with you that the network is better as it is, and that wasn't what my earlier inquiry was about either. Cheers! August 13, 2022, 09:42:50 AM
There is a really high chance that if some day Satoshi's identity became known, bitcoin price would dump.
Hi pooya87, i would like to know why you think there is a high chance that bitcoin price will dump if Satoshi's identity is revealed some day, i was thinking in the opposite way, i feel if his identity is revealed it will be everywhere in the news and that is more attention, which may lead to greater demand for the use of bitcoin. Secondly, you know many people see bitcoin as a mystery, because of how mysteriously its creator is unknown and unseen, so they don't want to use it, they think it is a scam and can't be trusted (i know they are wrong, because bitcoin is open-source, and the creator is not needed technically to prove it is legit, anybody can verify that), but for people who are not very knowledgeable, Satoshi's presence can give them more trust in the network right? Resulting in more demand, and a pump in price.
August 13, 2022, 08:41:31 AM
I don't think it was deliberate, it was just a response to the times BTC was born into. Anyone that had any new idea that went against the grain was hunted down be it literaly by the police (think Silk Road Ulbricht a few years after) or by attourneys (P2P platforms some years before), and there was no benefit for reveling your identity. On the downside, it kinda created some sort of a cultish figure in the comunity, and that's never a good thing.
August 13, 2022, 08:31:17 AM
This Satoshi's faceless identity and the possible reason(s) behind it reminds me of the Greek mythology where, Prometheus stole fire back from the gods(Zeus) in a fennel stalk and restored it to humanity, the masses. As a punishment, he was nailed from a mountain and an eagle would eat his immortal liver. This may be correlated with Satoshi Nakamoto has stealing the power (of banking) from the gods (powerful bankers, government, and politicians) and giving it to the common people. After which he(they) end up disappearing out of public light because they don't want to end up being punished for it 
.
. August 13, 2022, 06:58:03 AM
There is a really high chance that if some day Satoshi's identity became known, bitcoin price would dump.
Hi pooya87, i would like to know why you think there is a high chance that bitcoin price will dump if Satoshi's identity is revealed some day, i was thinking in the opposite way, i feel if his identity is revealed it will be everywhere in the news and that is more attention, which may lead to greater demand for the use of bitcoin. Secondly, you know many people see bitcoin as a mystery, because of how mysteriously its creator is unknown and unseen, so they don't want to use it, they think it is a scam and can't be trusted (i know they are wrong, because bitcoin is open-source, and the creator is not needed technically to prove it is legit, anybody can verify that), but for people who are not very knowledgeable, Satoshi's presence can give them more trust in the network right? Resulting in more demand, and a pump in price. 
August 13, 2022, 06:32:15 AM
The Great Car Crash a few weeks ago demonstrates what happens when you leave your money on centralized platforms.
July 24, 2022, 06:47:19 PM
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.
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.
Couldn't agree more with you, mate. Bitcoin's unknown creator is what has let it towards widespread success. For true decentralization, there must be no person behind the project which you can easily identify. Cryptocurrencies like Ethereum, Cardano, and even Polkadot could face the risk of centralization as their creators/founders are publicly known. This creates a conflict of interest as we speak. Governments can easily prosecute these people for making private currencies outside of their control. With Bitcoin, there's no one you can target to get what you want. If only most cryptocurrency projects had an anonymous founder/creator and developer team, things would've been different by now.
Unfortunately, money talks, so the only way to bring "trust" among VCs is by disclosing the identities of team members. It's a pity because this puts crypto in the hands of Wall Street. At least, the original cryptocurrency (Bitcoin) won't be going anywhere soon. Just my thoughts
July 24, 2022, 07:34:18 AM
the statement that "If Satoshi identity is revealed btc will lose its value" is incorrect, btc will remain decentralize and maintain its value regardless.
The problem is that some people associate short term market manipulation with what bitcoin stands for and its value. There is a really high chance that if some day Satoshi's identity became known, bitcoin price would dump. But that doesn't mean anything would change about bitcoin and its value.These are the same people who repeat "bitcoin is dead" each time there is a drop.
July 23, 2022, 01:41:40 PM
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.
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.
From your two points above and your last statement down there, so you are invariably saying that "IF" Satoshi was to be Identified, Bitcoin will lose its value meaning it isn't the decentralization of its ecosystem as a coin that makes it strong but the UnIdentity of Satoshi?1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2- altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.
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.
If Bitcoin is decentralized which it is and not controlled by any one person and that has contributed to what has made it what it is today, so would satoshis Identity make it centralized?
Good Question, assuming hypothetically speaking Satoshi's identity became known to the public, will that now mean that all the things BTC stands for that made it stand out from the rest of the other coins suddenly be reversed? No right! so the statement that "If Satoshi identity is revealed btc will lose its value" is incorrect, btc will remain decentralize and maintain its value regardless. BTC is already designed this way, knowing the face behind it won't make any difference.
July 23, 2022, 12:56:50 PM
I really bet to disagree with your point. Bitcoin too can be called centralized in this context. Satoshi Nakamoto holds 1 Million bitcoins, which is roughly 5% of the total supply of bitcoins as it is 21 Million. This actually is too much and enough to actually call this coin centralized as well. Infact some other cryptocurrencies have even less promoter holding than this. But yes the only advantage here is that one the creator is anonymous and secondly it has not moved even a single penny from what the holds so far which indicates bitcoin is quite safe to hold and obviously much better than the rest.
July 23, 2022, 12:36:33 PM
I believe that if we could have put a face on it or if he was around are different things. If he was still around but we still didn't have any idea at all who he was, that would be not too bad, I mean he would chat around here, he has an account here, he also chatted in other places as well, so it wasn't really a shocking deal to be fair. But at the end of the day he would be still not known at all. But him not being around at all doesn't really hurt bitcoin neither, it was a great thing as well. So what is the "main" great thing is the fact that we do not know who he is, not the fact that he didn't ended up leaving before bitcoin took off.
July 23, 2022, 11:09:52 AM
Currently, the majority of new users who come to bitcoin are not interested in such a relevant characteristic of bitcoin, sometimes they do not even care about learning who Satoshi Nakamoto is or what he represents in his eventual anonymity for bitcoin.
On the other hand, criticizing other crypto projects for their eventual customization would have nothing to do with the success or failure of those projects.
What they are interested in right now is profit, how can they make money and become rich thanks to bitcoin. I guess a lot of new entrants in the market these days not only don't care who Satoshi is but never read its white paper, they only care about the price. What price to buy and when to sell to make a profit.On the other hand, criticizing other crypto projects for their eventual customization would have nothing to do with the success or failure of those projects.
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As franky1 stated, they will do nothing to Satoshi, since the founder of LTC, ETH is still free.
There's still no guarantee they won't do anything to him, so he'd better remain anonymous forever.As franky1 stated, they will do nothing to Satoshi, since the founder of LTC, ETH is still free.
July 23, 2022, 11:07:42 AM
What they are interested in right now is profit, how can they make money and become rich thanks to bitcoin. I guess a lot of new entrants in the market these days not only don't care who Satoshi is but never read its white paper, they only care about the price. What price to buy and when to sell to make a profit.
This is a reality in life because people easily ignore and forget the creator but they only care about the benefits. In other cases, millions of people may not know who created the dollar but they continue to use it as a means of payment or trade it. Such is the condition of bitcoin and its creators, they take advantage of it but don't really care about the creators.But do you think that's a problem? Shouldn't be in my opinion. As long as bitcoin is used as a means of payment, traded, discussed, mined or otherwise, then this is actually a form of public concern for satoshi. Reading white papers is a way to understand more about bitcoin, it's not mandatory as long as you understand what it's used for.
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