Topic: The real enemy of bitcoin (Read 2231 times)

I bet the media will be spreading FUD and misinformation by saying that Bitcoin's days are over (dead). But we all know BTC is a lot more than just the market price. It's a revolution, meant to change our world for the better. So long as the core Blockchain network remains decentralized, there should be nothing to worry about.

For Bitcoin to die, every single node and miner needs to cease operations. We all know that's impossible. Satoshi knew his creation will eventually be taken care of by the community, so he left the project without leaving any trace. It's best for his identity to remain a mystery for Bitcoin's own good. Not only will this strengthen Bitcoin's decentralization, but it will also remove governments' ability (if any) to disrupt it. Without anyone to hold accountable for, freedom and self-sovereignity will be preserved. Why not focus on making Bitcoin scalable to this masses instead? That's more important than knowing who created it. Am I right?

It's best to stay that way, for BTC and Satoshi himself - his safety is assured, for that matter, and that's what matters.

All of them have different reasons why they want to know what satoshi looks like, have a open MIND OP, not all these people want to ruin Bitcoin by exposing who satoshi really is, some of them just want to praise him while others don't even care about who he really is.

So far every secrets thats been revealed about Satoshi has been a complete lies, even the one in the movies from Netflix, the truth is no one knows what this man really looks like and that is part of is plan, dirty powerful people probably from the government will come for him.

People like Warren and Joe Biden out of many others will go after Satoshi if they really know his identity, Satoshi probably think about this already, and thats why he made Bitcoin a decentralised coin and also decide to become invincible to the world.

There are things that are inevitable and that is why no government will be able to have control of bitcoin, tell the truth or is wrong, that the price has gone up is because it is known that it will never depend on a government, what went up right now was because Trump's support for bitcoin was very obvious, what happened in El Salvador does not escape the natural reality of everything, the world has no real currency, do you believe in the dollar? Do you believe in the euro? I congratulate you, I don't, I believe more in bitcoin, for me an economy that will always present errors like inflation will never be trustworthy, with Bitcoin that does not happen, with the USA if it implements bitcoin as currency as El Salvador did, what are they going to say? that economic policies are bad?

You have a great mindset! Even if Satoshi’s identity is revealed and those coins are sold, causing a temporary price drop, Bitcoin’s long-term value remains strong. Smart investors like you know such dips are opportunities, and Bitcoin has consistently bounced back over time. Stay focused on the bigger picture—patience pays in crypto!

I agree that revealing Satoshi Nakamoto identity may briefly affect Bitcoin price. However as more people use Bitcoin this issue will fade. Currently only 2% of world population owns Bitcoin leaving room for growth. I share your concern about big investors unpaid profits. If they cash out market might drop significantly.

Individual investors can not keep prices up alone so institutional actions matter. We should watch what big investors do and how it affects market. Other important factors include changes in laws and global economics and investment strategies.

This is only the Curious thing that's it, reveal of satoshi identity does't affect the growth of bitcoin, even it can help bitcoin to grow up because we know the first block chain creator so only,

It's better to stay that way for himself and BTC too.
I think he is much smarter for staying nobody for everybody for such a long time.

Those who learn about BTC and crave knowledge about it - can be called Bitcoiners. Those who try to unravel this rabbit hole - I wouldn't call such people the enthusiasts of the space. Much more is needed for that.

Do you think Biden and the Democrats are a disaster for bitcoin? If they were also disastrous for bitcoin, why were bitcoin ETFs approved, and then bitcoin skyrocketed to $73k in March of this year? I agree with you that if Harris wins, it will be pretty bad for the market but not a disaster. There may be disappointment and the market will dump but that is only short term, it cannot last forever.



You have to understand that, in the position of government, they are responsible for protecting the country, protecting the economy, the lives and safety of the people...they have thousands of things to worry about. So it is understandable why they are not in a rush to adopt something new, they need time to evaluate before taking a final stance on them. That is why after 15 years, many governments are becoming more friendly to bitcoin. Everything takes time, especially when it affects the entire country and not just 1 or 2 individuals.
Luckily, bitcoin has been successful and brought us many benefits, but if it harmed many people, I bet you would be glad when the government decided to block bitcoin soon. Instead of imposing your thoughts on others, put yourself in their shoes to know what they think.

Do you know why El Salvador loves bitcoin and is quick to legalize it? They are a country without their own currency, on the verge of bankruptcy and accepting bitcoin is considered the last resort they can try.

I'm not spreading Fuds, I'm just telling the truth. Fortunately, Trump won in the capital of the world and that's already a guarantee that things will go in another direction. I don't like to assume or make assumptions in the case that Kamala Harris had won, but it would have been a disaster for the market.

For many years it has been known that no government except El Salvador had liked BTC, as Bukele said. He did impose authority and that his government is valid, something that didn't sit well with the other governments in the world, or am I wrong ? If you go to Spain and declare BTC, Hacienda will strip you if it can and leave you on the street, then don't they contribute to not doing things right? I want to see the impact of these countries that ban bitcoin, they will still adapt because it will be their turn, not because they want to.

You need to understand humans and tolerate them. In as much as I believe that revealing Satoshi's identity has no benefit to the bitcoin community, there are those who are naturally inquisitive and they will tend to know the original and creator of Bitcoin before they'll invest in it.

There are historians who also are bitcoiners. There are researchers who also are bitcoiners. So, you don't because you want to believe bitcoin and tell them to leave their professions. Trying to uncover the identity of Satoshi doesn't make anyone less a bitcoiner.

I have not see anyone who is interested to know direct privacy of bitcoin, bitcoin is one kind something I know that deals with understanding, so privacy of bitcoin is constant and it can't be reviewed, from my understanding of bitcoin what I know that people know of bitcoin privacy is the technology aspect of bitcoin, so let with that I believe that you nothing ryar concerns the privacy of bitcoin people know again, so asking or trying to know the privacy of bitcoin as satoshi know, I think that it will not be possible for them.

I don't think that's true. If satoshi makes himself public, he will have to make speeches about crypto and he will have to power to move a multi trillion dollar market. He can crash or pump the markets with a word that comes out of his mouth. He is probably a stronger person than both Elon and Trump combined at the moment. Having that kind of power in his possession is dangerous af so he better stay anonymous. And I don't even need to mention the amount of bitcoins he owns. ( a million )

I hope we never find out his real identity.

Revealing The Identity of Satoshi Nakamoto may cause a temporary fluctuation in Bitcoin price cause he is holding two percent of supply. But in long run this own matter think about the big pictures. Everyday Bitcoin is getting accepted by more and more people if you do the survey there is only 2% of the world population owns Bitcoin.

If this continue to grow identity of satoshi naka Moto won't be any matter but you know what is scary for me currently is that a lot of institution didn't book they are unrealised pnl. I am thinking that is there book their profit and closed there and realised pnl how much the market Can dump .

Retailer don't hold the price of bitcoins so their must be a scary scenario is the book there umbrealized pnl that is my point of view currently.

Most Bitcoin critic are people that missed the opportunity to buy Bitcoin because they didn't believe it will be this popular or they didn't want to support something that'll take their jobs. Bitcoin critic always have something bad to say about bitcoin. When the prices is rising, they'll say it's rising too fast and when it's dipping, they'll call Bitcoin a scam. For most of this critics, giving them an opportunity to buy Bitcoin when it was newly launched, with them knowing what the future holds for Bitcoin, they'll buy that's why I don't take them serious or listen to anything they have to say. Some critics are being sponsored by the government and banks that don't want to lose their jobs. They make use of the media and other resources they have available to them for pushing their agenda. But their plans aren't going to manifest because of the rate at which Bitcoin ignore them and continue to progress.

Bitcoin is undoubtedly a secure digital currency for transactions. Due to which, as much as it has created popularity among everyone, it has also created curiosity among everyone. As a result, I do not think that Bitcoin has any enemies or there is no possibility of Bitcoin having enemies in the future. Because Bitcoin protects the privacy of buyers and organizes transactions securely.

On the other hand, many people have been trying to find Satoshi for many years. But so far, no one has been able to prove who Satoshi is. I think they may not be able to in the future either. Because we are more interested in Bitcoin privacy than finding Satoshi.

I think Satoshi's role is always important. However, it is not necessary to reveal his identity because it just ruins the Bitcoin decentralization.

Sure. Satoshi has created and started the existence of Bitcoin. He already planned it to be decentralized, that's why he left Bitcoin. He may also be aware about the potential risks if he didn't walk off. It can be bad for Bitcoin existence and his safety. I'm sure everything is as Satoshi's expected. So, it is strange that there are people who always try to reveal the identity of Satoshi.

Hmm, quite a similar perspective as mine and this is the essence of the entire discussion. Also Craig and everyone else are they still need to be discussed or entertained with attention. If you consider my strict words is just leave them such idiots never stop appearing just for the sake of some attention. many people think that if Stoshi re-appears he might be able to push Bitcoin further he cant do anything directly by just using his credibility or any announcement related to Bitcoin's future development which can influence the trust of other investors or maybe he can help any shitcoin with same his credibility and fanbase in the crypto market.

 

Fraudsters like Craig? Nah. I don't think they are the enemy. Or worse, pose a threat to Bitcoin's very existence. People who pretend to be Satoshi are just looking for fame and fortune. They want to get all of the media's attention, with the hopes of influencing market prices to their own direction. Unless one of them proves they're the real Satoshi and moves BTC across the Blockchain, there should be nothing to worry about.

Like I've said before, governments are the real enemy. They come up with obstacles to help prevent Bitcoin from overcoming Fiat. The community needs to keep BTC decentralized if they want it to last forever. The day Bitcoin becomes centralized, will mark the end of it. Governments will be able to manipulate it or shut it down for good. Would be a shame for Bitcoin after it got this far. It's an unpredictable future, so I'd hope for the best.