Topic: The real enemy of bitcoin - page 6. (Read 1977 times)

Now that is where you don't understand the concept of bitcoin. Once the identity of the people who created bitcoin is known then it is no more privacy and anonymous and it is no more decentralized as it is now. Because the people who are enemy of bitcoin will use the cohesive force to centralized bitcoin so at that time, there is head because we all know that Satoshi is the creator of the project and if Satoshi is not the head, he is the renowned creator of bitcoin therefore you don't have a prove that he is not the heard. If the owner of the project is identify then it becomes centralized. It is decentralized because nobody control it and nobody knows who where the creator is so if the person is identified then opposite is the case.

If government is fighting CEX because they know the owners then if bitcoin owner is identified then the same will go to him as well and it might be worst because CEX are all depending on bitcoin.

How? Can you tell me s more people f the privacy of bitcoin has nothing to do with Satoshi. Satoshi is the programmer of the code which means he knows everything about bitcoin privacy so if such person is identified, the enemies (capitalist) most make sure that everything must revealed. Bitcoin privacy has something to do with Satoshi and if it doesn't then please example to my understanding. Which I have done in my explanation that since he is the creator of the project the privacy has something to do with him. And once he is identified then bitcoin is no more privacy, decentralized and anonymous because Centrality must come to play. Probably he might reject it but the cohesive force will not allow him to operate anonymity. They most create Centrality because of rules and regulations to tax the system. And by then transaction fee will rise up.

Go and read nakamura12 again. See it is not because you made the first comment and got merits from it. We are tell you the reality if the identity of Satoshi is revealed, many things will spoil. This is not something you argue it. Just ordinary thinking will tell the truth.

Good you said centralized exchange
Bitcoin isn't centralized nor is it a centralized exchange so don't look at them from same perspective
They both walking different path.
Like I said Bitcoin privacy has nothing to do with Satoshi.
Government always fight CEX because they give reasons to be fought and because they have an head to attack.
Bitcoin has no head
Satoshi isn't the head
He's only a creator and has no implicit control over it
It's quite similar with the relationship between a parent and their child
But dictated more with rationality.
Lord what are you saying
Satoshi can't destroy Bitcoin even if he's been threatened
He would have to produces 51% of the hash to stand a chance.

Again something Would happen, but nothing permanent, or privacy breaching.

There should be something that will happen if the identity is revealed. It's impossible that nothing will happen if ever Satoshi nakamoto reveal his identity. Centralised exchanges will have to do it if they want to survive not that I want cex to survive and cex are forced in my opinion since the government will surely regulate the exchange when it starts operating just like what happened to the exchange in my country where it is regulated.

That is not a well said statement. I don't know how you understand bitcoin. Revealing Satoshi Nakamoto identity has a serious implication in bitcoin privacy. At least if you don't understand from the bitcoin angle because it is a decentralised system but you supposed understand what is happening in the Centralised exchanges and Cryptocurrencies that are centralised. Do you know government is fighting with centralised exchange because of bitcoin so if Satoshi Nakamoto identity is revealed, own your own just think what will happen to bitcoin, didn't you think government will descend on it? And Satoshi Nakamoto knew all that and that was why he became anonymous and he is not even interested to reveal himself in any form. And nobody should deceived you that nothing will happen to bitcoin if Satoshi Nakamoto identity is revealed. The world government will attack him to destroy the ecosystem and there will be a pressure for him to do that.

You know why centralised exchanges are still surviving in the space because they are not the creator of bitcoin and they are only buying and selling the coin. They are business firm so they negotiate with the government and pay tax. And I am still saying that nobody should deceived you that nothing will happen, my man something must happen so it is better this way.

They are enemies of themselves, not enemies of Bitcoin because curiosity and overthinking have actually taken over their minds and consumed a lot of their time tryiing to solve one of the mysteries that no one has been able to answer for many years.

If they had cared about the technology introduced by the founder of Bitcoin and learned its basics, and succeeded in becoming professional investors and traders by educating themselves and asking questions that would bring them benefit, they would have been more rational than that. Does it make sense for the founder of Bitcoin to create a complete and cohesive decentralized system to protect users’ privacy, only to reveal his own identity while regulatory bodies, governments, and central bankss are fighting against user privacy? I do not see any justification for him to do so, and even if they succeed in identifying him—which will never happen— I am convinced this will remain a mystery for life. So, don’t worry. Bitcoin will not break its privacy or collapse due to the nature it was created with, but it may face pressures from central and legal entities.

Worst case scenario community could fork Bitcoin project.

 Revealing Satoshi's identity could compromise the principles of decentralization and privacy, which are essential to the cryptocurrency. As you pointed out, the true interest of Bitcoiners is to invest and safeguard these values, not to uncover the creator's identity.

The identity of Satoshi Nakamoto has been a debate since days Bitcoin was known by the general public. Some try to find out the creator of Bitcoin out of curiosity and some do it to gain attention and show that they are generally interested in Bitcoin and want to know more about it. For me, they don't play a big role in anything. Satoshi's identity can't be revealed unless he decides to become public himself and show his identity given that he is still alive and among us.

If he isn't among us anymore, we wish good for him wherever he is, the world isn't going to find out who he was because he probably haven't even told his family or close circle about this as that could be a potential threat for his identity as Satoshi.

Let people keep searching and trying to find out who he is and where he is right now, even if they succeed which doesn't sound possible to me, it wouldn't harm anyone or anything other than Satoshi himself because he will surely be targeted for what he did either by governments or people who hate Bitcoin.

we are tired of same bs,satoshi will remain our savior .

there is no enemy here but greed.

Bitcoin's design is decentralized and open-source in itself, meaning it depends on no one man creator included, for that matter. What keeps Bitcoin running is its global network of miners, developers, and users, not Satoshi's identity. Besides, there have been numerous attempts at unmasking Satoshi-say, by Craig Wright claiming to be Satoshi, or recent rumors with Peter Todd. Every time, the community moved on, and Bitcoin was just as decentralized. Even if Satoshi's identity were made known today, the privacy and security features of the Bitcoin network would remain as robust as always. It is not about who started it, but it is the collective effort that continues to keep the system running today.

And who knows whether he's dead?  

Regardless of whether he's alive or not, the legacy he created will continues to shape the cryptocurrency landscape. I don't know why the recent speculation about his identity when it has less or temporal effect on market price.  Without doubt, revealing his identity now will definitely cause a lot of controversies but will eventually fade out and market will bounce back to normalcy. Except for legal cases, I don't think it's even necessary looking for his identity.

You are mistaking wealth for financial freedom. You can't have financial freedom without privacy, as I have already described. These two terms are used interchangeably, but this is incorrect, as freedom implies that you can do whatever you want with your money, and you can't do so without privacy.

I am a multimillionaire, and they don’t know how much I have (and never will), so there is a way.
They only know how much I’ve spent, minus a few things I purchased directly with crypto.

I don’t have to pay tax on crypto the government doesn’t know about; only when I decide to trade it do I have to pay tax on capital gains.


That’s not how it works, and you would face additional penalties for hiding your assets. You can find plenty of cases like this.

Bitcoin or any other transparent blockchain is a sure way to get ‘robbed’ by the government through taxes, your ex-wife, or criminals who found out how much you have.

I can pay capital gains from fiat, but I refuse to give them any portion of my crypto stash when they demand it. I wouldn’t feel comfortable if they, or anyone else, knew how much I have in crypto. If my country gets too harsh, I’ll take my money elsewhere.

Cryptocurrency is currently treated as property, and any property is subject to confiscation. If you don’t reveal access, they can simply blacklist your coins, and good luck dealing with that kind of taint. It’s much safer to use cryptocurrency that hides your balance - for many, many reasons.

I think almost all investors have an exchange as a step to trade but what needs to be underlined is that they do not store bitcoins on an exchange. The mistake most people make is that the place to store assets is not important and it also does not reflect investors who have known bitcoin for a long time. What we see about the journey of the exchange and how many exchanges have problems in the crypto industry in particular so that it should be a lesson about asset security.

The reflection of an investor is seen from their ability to store assets and it does not mean that they do not use the exchange as a place to make transactions. Learn from every condition that has ever occurred on the exchange so that we can conclude that storing assets is safer.

The real enemy of Bitcoin are those people who still see Bitcoin as a scam currency, because there is no way they can talk about the good of Bitcoin and they will not encourage people around them to know Bitcoin, and it will be difficult for such people to benefit from Bitcoin. Trying to know the identity of Satoshi is not a bad thing and it will not make you an enemy of Bitcoin when you believe in Bitcoin, because we all know that Satoshi will remain an anonymous for Bitcoin to fulfill her destiny in the world. Government and financial institutions can also be the enemy of Bitcoin, because they don't encourage people to invest in Bitcoin than to condemned Bitcoin for people not to show interest.

I never did search who satoshi is. I think it’s no need to know is satoshi. We want to thank whoever he/she is or any team to create such an amazing technology for us. Blockchain makes our life more easy as currency. I personally never search who invented the whole platform. Btc is now open in the market and no one are controlling it. If satoshi or any founder were exist the could control the price and market. There is nothing happen yet what could be exceptional. So there is no chance that he/she is still alive. We just thanked him to found such a chain. I am really excited about these things but don’t being upset if something happen like this. Market will behave as normally it is, we just could see a big fluctuations after having any kind of news. Nothing will happen abnormally for sure.

I can somewhat sympathize with what you mean OP, I do think so that this people are the kind of people that wants to pry into something that's obviously not worth prying into but I wouldn't really call them an enemy though, I feel like it's a bit weird for us to be saying that because if we do that, how can we be any different from this people, we should at least have the class and dignity to be able to ignore them or pay them no heed and that they're nothing more than a nuisance to the identity of Satoshi. I don't get people that are obsessed with finding out who's the person behind that pseudonym but I don't like the idea of antagonizing them because in a way, they're still a part of the bitcoin community and it would be really weird that we are tearing each other when we are in the same circle of interests.

Those are not actually real bitcoin investors. Or shall we say they are just short term investors and once they gain significant profits, or some inevitable losses, that's when they realized that there's no good hodling in centralized exchanges. Eventually, once they learn their lesson, they will shift into decentralized exchanges. So no worries with that, your experience and exposure in the market will help you realize what decentralization means all about.

Cant really be able to avoid that people will really be finding out the real identity the one who created Bitcoin on which even the government is really that pursuing on trying out to do so.
There would really be those individuals who would be trying out to claim about its identity but the community wont really be a fool to believe on the things that arent that the truth.
It will really be that understandable that there will really be those questions but there are ones who dont just care about Satoshis identity but rather they are thankful on what Bitcoin
had provided in terms of utility at the same time it does give out that opportunity to make profits on just simply holding BItcoin. Enemies would really be usually be considered to those who do
hate up decentralization and anonymity.

Let’s just assume people start creating bitcoin related content and decide to choose someone different as Satoshi definitely they’re all doing this for selfish gains and we all know they’ll never get to find Satoshi real identity. The funny part is no one will believe even if they try to find the real Satoshi due to the jokes they’ve built using an unknown person as Satoshi. This is not so deep as we’ve seen bitcoin stand during all the clout chasing about Satoshi so what makes you think anyone cares? If considering people as such then they’re literally fight themselves.

Well, a long term investor will not anticipate for such rather the dip come at any given opportunity. Why wait for the dip when you can start now but it seems you trust the false identity and narrative but I will advice never put your trust because bitcoin investing can be beneficial and risky.

No matter how we know that Satoshi identify is best unknown to the world we can't deny the fact that sometimes curiosity does sometimes make you ask that same question although thats just our curiosity playing on us. The reason we all in the crypto space or should Bitcoin users are okay with this unknown factor is because we all understand what's at stake although even if Satoshi identify is known now I believe the impact of change on would be less as Satoshi really can't do anything by himself that can literally affect the Bitcoin technology as it's decentralized nature makes it unique in this sense.