Topic: The real enemy of bitcoin - page 6. (Read 2231 times)

For market growth, it may have a slight effect on 1 million bitcoins being traded in the near future but it will not affect the long-term journey. Like the Pope who tries to play the market with the supply and demand process so that the price of bitcoin can go up or down. Maybe he will not trade the bitcoin he owns because he is no longer active and of course it will be a bitcoin asset that will be stored.

If other holders are said to be bankrupt, it would be quite strange because now we can see that there are many people or companies that hold large amounts of the bitcoin assets they own. But the fact is that this does not happen and in fact most people who hold bitcoin are growing in financial freedom.

Bitcoin's privacy has nothing to do with Satoshi's privacy, so if Satoshi reveals himself I don't think it will be easy to find out how Bitcaoin will be known by its owner personally, the advantage for me knowing Satoshi is, knowing the form that has a revolutionary discovery of this P2P financial system, seeing the figure of the Blockchain inventor is a gift like we see scientific figures with their discoveries for human development, what is expected more than that?

Revealing the creator of this technology will not change anything about Bitcoin. Someone who is looking for a way to know the creator of bitcoin is not an enemy, and I can’t see that person as an enemy to bitcoin; to me, he’s just trying to know who created the currency he invested in or the currency he heard about, so that should not be the reason why we will see that person as an enemy to bitcoin. I don’t think there is anything bad with that. So, OP, don’t get it wrong. Someone who is trying to know the identity of Satoshi may be a lover of bitcoin more than you even think. The person is just trying to know Satoshi. 

I'm trying to know the identity of Satoshi, meaning I'm the enemy of bitcoin,  trying to find out someone identity mean you like the person or you want to know the original of the person for future purpose, if you view what Satoshi has done and the reason why he or she remain anonymous, you will not call those who are trying to know the identity of Satoshi enemy of bitcoin. Do you know many government has banned bitcoins from their countries? Yes, I have seen, they are the real enemies of bitcoin because they thought bitcoin will take over their fiat position which is not the reason Satoshi the founder of bitcoin created it.

Yes you really will not make other bitcoin holders go bankrupt if he sells it, after all I think 1 million BTC is the right of him who can be considered a reward for his very great discovery, but for trade events will definitely panic, but I believe enough that he Will not sell it at once and will not enjoy it for his own life, charity and Bitcoin development will be much more noticed, and even then if he is still alive and will appear, yes I believe that he does not have access to control bitcoin even though he returns.

Those, who want to know Satoshi's identity, aren't enemies of Bitcoin. This is natural, we want to know who Satoshi is, who created this masterpiece, and we want to see his face. Humans want to know who is behind the mask of a superhero.
The real enemies of Bitcoin are those who want to centralize the system. Those big mining corporations, that made mining a corporate business are the enemy of Bitcoin. Those centralized exchanges, that try to centralize the Bitcoin exchange system and fight against decentralized exchanges, are the real enemies of Bitcoin. People who try to make bitcoin non-fungible and try to make money from inscribing ordinals, are the real enemies of Bitcoin.

We should not also consider those who are very curious to know who the figure of Satoshi is an enemy. Seminally the curiosity of curiosity who I have also asked as a form of admiration for his extraordinary work that has made a world financial system with full freedom.
The creation of Bitcoin provides freedom and privacy maintained even though not a few parties who do not like the Bitcoin system.

Bitcoin privacy will not be reduced when Satoshi's identity is revealed.

No, brother. The REAL enemy of Bitcoin is the government. They always come up with obstacles to prevent the masses from using it on top of Fiat. Even countries that opened their arms to it (eg: USA), are devising strict regulations to make our lives harder. They tax it and let you use it, but with limitations/restrictions. It's this reason why Bitcoin hasn't been able to "fix the world".

The public's perception of BTC has changed from being used as a currency to being hoarded as the next "digital Gold". All with the hopes of getting rich quick. Now institutional giants (Wall Street) like BlackRock and VanEck are deep in the game. There will be more centralization until CBDCs come in and make Bitcoin a thing of the past. Of course, BTC will survive because of its decentralized nature. But it will become a niche, used only by a few (libertarians, crypto/tech enthusiasts, academics, etc). At least, that's how I see it. Hope I'm wrong, and BTC manages to decentralize the economy after all.

People searching for the identity of Bitcoin founder are only doing that because it'll help their show become more popular, I think they're being sponsored amd since they realized that so many people are more interested in who Satoshi is hence they're trying to get the audience to tune into their shows and give them good ratings as they watch what they have to offer. No doubts that they're the enemies of the growth of Bitcoin but I don't think we should pay too many attention as this could be a distraction for people to sell their Bitcoin and the whales move in to buy all as we anticipated the bull market that's upon us. Fake Bitcoiners are the ones that care who the identity of the founder is but the Real Bitcoiners don't because they understand that the strength of Bitcoin is because it's a decentralized cryptocurrency and not a centralised one that can be controlled by the feds as fiats are.

Stop! What nonsense are you writing about investors not having time to look for information? How so? This is the main task when investing. Collecting and analyzing information to successfully choose a good entry point into a position. I don't think it takes that much time. There will definitely be time left to develop in other areas.

I don't really care who Satoshi is. I want to express my deep gratitude to this person or the project team for inventing and creating such a product that has proven itself all over the world.

That is the hope that might be given to Satoshi but can he keep himself safe after his identity is revealed. There is no need to worry about the 1 million bitcoins he has because even though it can affect the market, it will not make other bitcoin holders have to go bankrupt. Bitcoin holders are getting smarter and they understand the current state of bitcoin so whatever happens they will definitely benefit except for those who are new to bitcoin.

There are various narratives that people try to create including saying that the enemy of bitcoin is the person who created it. This is not in line with what he has done and even Satoshi himself does not have access to fully control bitcoin for the processes that occur in the market.

If you're concerned that him selling his 1 million bitcoins would have a serious impact on the market, he's not the only one who could do that. According to the report, the number of bitcoins held by ETFs is about to surpass Satoshi and this number will increase many times if they maintain the current level of bitcoin purchases. If the ETFs dump bitcoin on the market en masse, the situation will be many times worse. So Satoshi selling 1 million bitcoins is not as scary as you describe.

Honestly, I don't see any negative impact if satoshi appears as long as he can't single handedly change the Bitcoin network. The only risk is that he could become a target of the authorities as you say and that is his own risk and has nothing to do with bitcoin.

Even if he can't do anything to the technology as you believe, there are still some moves that his present can cause to the bitcoin market, such as moving his large amount of bitcoin that was mined in the early stages, which is about 1m+ BTC. That amount being moved alone and added back to the circulating supply, you know the amount of price drop it could cause. Aside from that, there are still unforeseen risks that could exist, starting from him being a major target by authorities.

I got a merit doesn't mean am correct
It meant the merit sender supported my view and no still believe it won't affect privacy.
Likewise you been an Hero member doesn't make you right.

Bitcoin isn't Decentralized because the owner is unknown
Note this and this is all I can say.

Yes, something will definitely happen, just like Satoshi will get a Nobel Prize for inventing a new system that is very smart transparent and decentralized, of course it is a valuable discovery for all time.
But the jug fear will definitely happen, because he has a lot of bitcoins in his wallet that can even flatten bitcoin holders.
But is it the enemy of bitcoin is very silly to say the inventor of bitcoin is the real enemy of bitcoin? I will not say it, because even he returns he will not be able to do anything against the existing system on bitcoin other than selling coins he owns because it is completely decentralized.

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.