Topic: Satoshi's faceless identity is the greatest Bitcoin success strategy - page 6. (Read 1135 times)

Satoshi is good with his innovation and never wanted his identity to be revealed. Following his innovation more other people learnt the base and innovated the altcoins as a means to serve as an alternative to the crypto king bitcoin.

Hidden identity makes bitcoin above the altcoins, and for the same reason we can't say altcoins doesn't have anything good. There is pure manipulation, and centralized functioning with altcoins. Same time those too have real-time usage which keeps them on the top of the market.

You sound like bitcoin and altcoin are too opposite thing, like good and bad. And altcoins are bad and not decentralized because the owners are known while bitcoin isnt.

That's not how decentralization and security of the network determined.

That's an interesting theory, but I have to disagree.
Bitcoin is the number 1 cryptocurrency, because it's the most secure cryptocurrency, not because Satoshi Nakamoto is anonymous.
Imagine if the Bitcoin blockchain had flaws and the problems like double spending weren't solved? Would the BTC blockchain be the most popular blockchain, even if Satoshi remained anonymous? I don't think so. Bitcoin Core has it's team of developers and we have to give them credit. The success of Bitcoin isn't Satoshi's achievement. He is the creator ,but Bitcoin has a community of users, developers and miners.
I don't agree with your views about altcoins. You are generalizing too much. Not all altcoins are centralized shitcoins. Most of them are, but a small amount of altcoins actually have some qualities.

I don't want to talk about an issue that someone personally feels likes and dislikes the rest, to give one-sided perspectives. Personally, I feel it's not a big deal when the beginning and the process always need to see the kernel separate and intertwined. BTC has been very successful and has its own problems, as do altcoins, but I believe that with a change in the economic perception of technology and many other related factors, everything will look more positive.

Still, if used correctly, by never touching exchanges, it can make your transactions completely pseudonymous.

Unfortunately most people are here because they want to make a quick buck, hence why all privacy and safety practices are thrown to the side ("Why should I wear a seat belt, there is hardly any traffic on this road.").

The Great Car Crash a few weeks ago demonstrates what happens when you leave your money on centralized platforms.

I disagree with part of what you said.
It is true that Satoshi not being around and being anonymous has removed that "authority figure" that people may want to look up to to see what his decisions are on everything (like waiting for Satoshi to decide what scaling solution to use instead of thinking for themselves) but that is one of the reasons why bitcoin is fully decentralized.
Similarly the reason why majority of altcoins are very centralized isn't only because their creator is known.

For example one of the key factors is the algorithm used in bitcoin, PoW and the way hashrate is distributed has ensured decentralization while in other altcoins same PoW and lack of incentive to mine that altcoin has centralized the hashing power and the altcoin itself. Or other algorithms such as PoS accompanied by large premines has ensured centralization of such altcoins.
We also have altcoins that are designed to be centralized like CBDCs (eg. Petro), stable coins (eg. USDT), exchange coins (eg. BNB), ... because they can not operate any other way not because their creator is known.

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.

I correct you: it was created in a decentralized way but many people use it through centralized institutions such as exchanges or custodial wallets.


I don't quite see the analogy here.



There is a probability close to 0% that he will be identified, so it is better not to speculate with counterfactuals.

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.