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Topic: The real enemy of bitcoin - page 7. (Read 2231 times)

jr. member
Activity: 28
Merit: 37
October 20, 2024, 08:59:28 AM
#64
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.

Worst case scenario community could fork Bitcoin project.
newbie
Activity: 28
Merit: 0
October 20, 2024, 08:46:21 AM
#63
Satoshi identity been revealed has nothing to do with Bitcoin privacy
Remember Bitcoin is decentralized so there's no head.
The reveal might only cause a temporary dip because people would feel he could dump his holdings.
In a short while it could create a 'centralised' image for Bitcoin since some would be looking forward to what they would say.
Been a Bitcoiner is not about investing in Bitcoin, it also involves using and engaging in activities relating to Bitcoin.  

 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.
hero member
Activity: 812
Merit: 619
October 20, 2024, 08:34:32 AM
#62
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

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.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
October 20, 2024, 05:55:49 AM
#61
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.
we are tired of same bs,satoshi will remain our savior .

I wouldn't really call them an enemy though,
there is no enemy here but greed.
sr. member
Activity: 1400
Merit: 268
Fully Regulated Crypto Casino
October 20, 2024, 05:09:22 AM
#60
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

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.
sr. member
Activity: 798
Merit: 364
October 20, 2024, 04:42:57 AM
#59
There is nothing wrong with wanting to find out who Satoshi is, but the further you dive, the further you will be from reaching the answer to the question of who Satoshi is. That is why until now many have tried to find out but ended up sinking at the bottom of the deep ocean. How many speculations or research results can prove it? none.

If Satoshi was successfully found along with a wallet containing Bitcoin, maybe the FBI would confiscate it, I don't care because Satoshi could be revealed after I die one day.


And who knows whether he's dead?  Grin

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.
jr. member
Activity: 28
Merit: 37
October 20, 2024, 04:33:31 AM
#58
Financial freedom is about how much money you have and of course the way you manage it.
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.

There's no way the government can't know how much your wealth when you're already a multi millionaire.
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.

Even you can find the loophole from tax regulation, you're still need to pay tax, even though not as much as before.
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.

This is why you shouldn't use your name when you bought an asset, instead use your mother, father, or your son's name, so whenever your wife divorce you, you won't need to give 50% of your wealth.

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.
hero member
Activity: 1820
Merit: 747
October 20, 2024, 02:42:28 AM
#57
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.
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.
full member
Activity: 2240
Merit: 184
Hire Bitcointalk Camp. Manager @ r7promotions.com
October 19, 2024, 11:57:13 PM
#56
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.
full member
Activity: 1292
Merit: 101
Vave.com
October 19, 2024, 11:38:18 PM
#55
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.
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.
sr. member
Activity: 1666
Merit: 426
October 19, 2024, 08:16:46 PM
#54
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.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
October 19, 2024, 06:59:32 PM
#53
We chose to invest in bitcoin because we believe there’s no reason for it to disappear. Even if the whole world discovers who Satoshi is, we won’t panic because we know it will keep progressing. Our confidence remains high for those who trust bitcoin, but it becomes difficult when doubt starts creeping into your mind. And that's a tough enemy, because as long as it’s there, it will always influence your decisions and actions. This is also why you won’t have peace of mind, since you’ll constantly be thinking about all the negative possibilities.
Unfortunately most people don't even know the reason why they buy Bitcoin besides to earn profit.

Usually these kind people like to invite other to invest in Bitcoin, they will explain that Bitcoin is decentralized cryptocurrency bla bla bla, but when I see where they hold their coins, they actually hold it on centralized exchange.

They only know "buzz words" but don't even know what actually decentralization is.
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.
hero member
Activity: 1065
Merit: 510
October 19, 2024, 04:59:26 PM
#52
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

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.
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.
sr. member
Activity: 182
Merit: 120
October 19, 2024, 04:09:26 PM
#51
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.
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.

I want the mystery to be solved and I´m not afraid it will hurt Bitcoin. If, for an example, Adam Back is Satoshi and he dumps his 1 million or whatever coins the price will nosedive but I will buy the dip. I´m a long term investor and the price will climb back up and I´ll be rich when I retire.
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.

hero member
Activity: 644
Merit: 520
Leading Crypto Sports Betting & Casino Platform
October 19, 2024, 03:24:02 PM
#50
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

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.
sr. member
Activity: 602
Merit: 291
Bitcoin in Niger State💯
October 19, 2024, 01:31:37 PM
#49
There is nothing wrong with wanting to find out who Satoshi is, but the further you dive, the further you will be from reaching the answer to the question of who Satoshi is. That is why until now many have tried to find out but ended up sinking at the bottom of the deep ocean. How many speculations or research results can prove it? none.

If Satoshi was successfully found along with a wallet containing Bitcoin, maybe the FBI would confiscate it, I don't care because Satoshi could be revealed after I die one day.

In my humble opinion, I don't really see anything wrong about those who seek to know who the 'mighty' Satoshi is. Although, Satoshi himself have his reasons to have remained unidentified and I can comfortably crown him with the title of being the most scares celebrity or genius or icon on the surface of the earth today. Majority of those who are willing and hoping to see Satoshi are his 'die-hard' fans and want to either lean under his tutelage or get inspirations from his mastery.

I know his firm decision to remain unidentified and confined of the public space has a lot of things to do with, not just his personal self but the future of Bitcoin especially in the early years of the bitcoin technology. If Satoshi had revealed himself, he would have been arrested and detained for long by the much hypocritical governments or he must have been leaving in the moon by now, LOL.
full member
Activity: 462
Merit: 205
Duelbits.com
October 19, 2024, 11:49:45 AM
#48
The only enemy of Bitcoin exists in the minds of the indoctrinated fiat holders. They have never known true freedom so they keep desperately hanging on to their increasingly worthless paper strips they call money.

That is really the only enemy worth defeating.
I believe each and everyone of us still use fiat and we all have at least one bank account, i am pro-BTC, but i don't think people who use fiat only without the inclusion of BTC are enemies of BTC, it is their choice to use BTC or not. In my honest opinion, if you are not directly attacking BTC like the way the government is doing, then you can't really be an enemy of the network.

I agree with you as usage of fiat cannot be seen as a form of attack on BTC as in most countries , BTC isn't considered a legal tender, in such situation, it's a really huge hindrance to its usage and so it will be counter productive trying to use Bitcoin in such locations but will be much better and wise to stick to the countries fiat while you still invest in Bitcoin and still make profits from which you can convert to fiat and still use.
legendary
Activity: 3234
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
October 19, 2024, 11:35:42 AM
#47
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

Bitcoin is one of the greatest inventions of recent years in my opinion and this makes many people, including myself, want to know who was the genius who was responsible for creating this great invention. It's not about the price rising or falling, it's about getting to know the guy and knowing why he created Bitcoin, what inspired him and how he feels after seeing that Bitcoin is being used in most countries in the world. I believe that even you would be curious to know more about Satoshi if one day he appeared. At the stage of development and acceptance by governments and people, Satoshi has become irrelevant in terms of being able to influence the price rise or fall.
legendary
Activity: 994
Merit: 1089
October 19, 2024, 11:35:35 AM
#46
The only enemy of Bitcoin exists in the minds of the indoctrinated fiat holders. They have never known true freedom so they keep desperately hanging on to their increasingly worthless paper strips they call money.

That is really the only enemy worth defeating.
I believe each and everyone of us still use fiat and we all have at least one bank account, i am pro-BTC, but i don't think people who use fiat only without the inclusion of BTC are enemies of BTC, it is their choice to use BTC or not. In my honest opinion, if you are not directly attacking BTC like the way the government is doing, then you can't really be an enemy of the network.
legendary
Activity: 2576
Merit: 2880
Catalog Websites
October 19, 2024, 11:34:18 AM
#45
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.
I couldn't care less to find out who Satoshi is even though I have my opinion. And if someone is obsessed finding out Satoshi's identity, it's difficult for me to see this person as threat for bitcoin. The real threats are politicians, governments and countries that don't understand bitcoin and they simply decide to go against it. And won't stop it but they can delay, a lot, its adoption.
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