The real enemy of bitcoin - page 8. | Bitcointalksearch.org

uneng

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Quote from: Sobz on October 18, 2024, 03:37:32 PM

What will be the gain if you reveal who Satoshi is?

There is no gain if Satoshi's identity is revealed. In that case, Bitcoin would suffer mass price crashing, because the person behind the pseudonym Satoshi would have its history investigated and inevitably professional and social connections would be found, generating speculations on what the real interests behind Bitcoin creation are. As consequence, fear and insecurity would spread fastly among investors who would become doubtful about Bitcoin's future.

We wouldn't see Bitcoin like before anymore. For that reason, it's important Satoshi's identity remains a mistery. The focus must on the creation, which is Bitcoin, and not on its creator. Satoshi must know about it, and that is why he chose to not reveal himself to the public.

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Quote from: mirakal on October 19, 2024, 11:02:16 AM

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.

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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.

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Quote from: Sobz on October 18, 2024, 03:37:32 PM

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.

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.

Dr.Bitcoin_Strange

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Bitcoiners wants to learn everything about Bitcoin but setting a goal to reveal the real identity of Bitcoin developer is not what I want and I don't feel bother any day seeing that the identity of Satoshi is not known, I am enjoying the Bitcoin that was invented by him and even in his absence, the technology is still doing great. The only people that are more bent to knowing who Satoshi really is and also bringing him to light if he is still alive, is the government but not some random investors.

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Quote from: MeGold666 on October 19, 2024, 03:56:45 AM

How can you have financial freedom when everyone, especially a corrupt government, can see what you're doing with your Bitcoin?

(Rhetorical question, the answer is: You can't.)

You can't buy this, You can't sell this, You can't support this, You own us this, You must give 50% to your ex-wife, list goes on and on....

Financial freedom is about how much money you have and of course the way you manage it.

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

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

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.

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A Bitcoiner chooses. A slave obeys.

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.

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Quote from: Ambatman on October 18, 2024, 03:57:06 PM

Satoshi identity been revealed has nothing to do with Bitcoin privacy
Remember Bitcoin is decentralized so there's no head.

That is true but since it is well known that it is indeed Satoshi that created Bitcoin, authorities may try and target Satoshi specifically to somehow ruin Bitcoin or some sort. Though if he were to reveal himself, it doesn’t mean that bitcoin will automatically be centralized. It will just seem that way because now there is someone or a figure to actually attack instead of bitcoin which is distributed everywhere.

Quote

The reveal might only cause a temporary dip because people would feel he could dump his holdings.

It could also go the other way. Maybe the general public will think that the reveal of Satoshi’s identity makes Bitcoin more reliable hence will be interested in buying bitcoin this time. But anyway it is all hypothetical since Satoshi will not reveal his identity any time soon or maybe ever.

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Quote from: Sobz on October 18, 2024, 03:37:32 PM

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 privacy will not change even if the creator of Bitcoin is revealed. Revealing who Satoshi is for those who want to reveal it will continue to try and for us it is not a task that should be done. If Satoshi's identity is revealed, we will express our endless gratitude to him for giving birth to a very extraordinary work for the financial system.

I think the revelation of Satoshi has nothing to do with the privacy contained in Bitcoin.
There are many uses for Bitcoin, not just investment and the meaning of a Bitcoiner does not stop there but more.

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Quote from: Ambatman on October 19, 2024, 05:10:47 AM

Quote from: MeGold666 on October 19, 2024, 03:56:45 AM

How can you have financial freedom when everyone, especially a corrupt government, can see what you're doing with your Bitcoin?

(Rhetorical question, the answer is: You can't.)

Freedom doesn't mean you can't be seen
It means you have control over your funds
They can see it but am the one who 'owns' it.

So what if you own it, if you can't do what you want with it because the government says it's illegal? They can put an 'illegal' sticker on anything they want, including transacting with Bitcoin.

If they link it to you and you were doing something 'illegal,' you end up in jail. That's far from freedom.

Freedom = Privacy and Bitcoin with it's transparent ledger is far from being private.

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Quote from: m2017 on October 19, 2024, 01:54:33 AM

Quote from: Sobz on October 18, 2024, 03:37:32 PM

I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin.

Identify Satoshi in order to reveal his identity as an enemy of bitcoin? How can the BTC-creator be an enemy of bitcoin? This sounds extremely contradictory.

Read slowly I think you would understand what the OP meant.
They called individuals curious about Satoshi identity as enemies of Bitcoin.

Quote from: MeGold666 on October 19, 2024, 03:56:45 AM

How can you have financial freedom when everyone, especially a corrupt government, can see what you're doing with your Bitcoin?

(Rhetorical question, the answer is: You can't.)

Freedom doesn't mean you can't be seen
It means you have control over your funds
They can see it but am the one who 'owns' it.

Quote from: Wonder Work on October 19, 2024, 12:50:22 AM

Quote from: EFS on October 18, 2024, 04:59:36 PM

I don't think Bitcoin has an enemy, and I don't think creating imaginary enemies helps anyone.
Trying to find Satoshi is what a lot of people have been doing for years because people are naturally curious about who created this technology. I don't think it will be proven who Satoshi is. Even if it was known, it wouldn't change anything.

Sir, At first I was very curious about this matter, who is this Satoshi? Am also doing a lot of research first to understand this system. Later when I realized that the issue is actually something like that I've done a lot of research on it before but no solution came or no one could find it. And I don't think it is possible to find him now no matter how hard we try.

This will definitely hinder the overall growth of BTC. There will be no general regulation of BTC and the wheels of the economy will come crashing down. From personal opinion it seems that this Satoshi cannot be proved.

I would have supported your claim If Bitcoin was centralized with Satoshi as the central head
But fortunately it's decentralized
You can't kill a dullahan by cutting it's head.

MeGold666

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Quote from: Peanutswar on October 19, 2024, 04:33:11 AM

I dont think so even the real Satoshi Nakamoto reveals himself because at the end of the day, its all about the transaction made the bitcoin is decentralized so if satoshi nakamoto shows up and people just create a small fear or hype its just a temporary thing for sure the people who know the hype will grab the opportunity to trade and sooner or later they will bring back the market price and makes a correction. Now if you get weak hands and get carried away its on your part.

Unless he still has access to the early mined coins and decide to trade it all Grin

It's estimated he has mined about 1 million Bitcoins due to pattern in the ~22,000 blocks

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I dont think so even the real Satoshi Nakamoto reveals himself because at the end of the day, its all about the transaction made the bitcoin is decentralized so if satoshi nakamoto shows up and people just create a small fear or hype its just a temporary thing for sure the people who know the hype will grab the opportunity to trade and sooner or later they will bring back the market price and makes a correction. Now if you get weak hands and get carried away its on your part.

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Quote from: ndutndut on October 19, 2024, 03:43:06 AM

BTC was created because one day people will no longer believe in Fiat/physical money. Because it is prone to corruption, etc. With BTC, all transactions will be clearly visible because they are in digital form. Wherever the money goes, we will definitely know what its purpose is and what it is used for, and with Bitcoin we can create financial freedom in the future, that's the most important thing.

I don't want to disappoint you but I bet bitcoin will have no impact on fiat, and it will never go away unless governments decide to eliminate it and replace it with a better version of fiat. We will even continue to rely on fiat even if bitcoin becomes popular globally, as long as fiat remains the main currency, the measure of value of the world, we will never get rid of fiat. Also, Satoshi did not create bitcoin to replace fiat or encourage people to abandon fiat, it is just an alternative that exists alongside fiat and the banking system.

How will Bitcoin give us financial freedom? It can only help us reduce our dependence on the government, help us protect our privacy to some extent.

In terms of investing, becoming rich and financially free by investing in bitcoin is not as easy as we think. You cannot become rich by just investing a few dollars and thinking that it will give you millions of percent returns, that is not true anymore these days.

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Quote from: ndutndut on October 19, 2024, 03:43:06 AM

BTC was created because one day people will no longer believe in Fiat/physical money. Because it is prone to corruption, etc. With BTC, all transactions will be clearly visible because they are in digital form. Wherever the money goes, we will definitely know what its purpose is and what it is used for, and with Bitcoin we can create financial freedom in the future, that's the most important thing.

How can you have financial freedom when everyone, especially a corrupt government, can see what you're doing with your Bitcoin?

(Rhetorical question, the answer is: You can't.)

You can't buy this, You can't sell this, You can't support this, You own us this, You must give 50% to your ex-wife, list goes on and on....

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Quote from: tread93 on October 18, 2024, 05:10:37 PM

Quote from: Sobz on October 18, 2024, 03:37:32 PM

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 feel like if we knew who satoshi was it would do more harm than good and at this point it’s probably for the best that the group or individuals remain anonymous.

Yes, that's right. I feel the same way, we shouldn't be busy thinking about who Satoshi is. Indeed, if we discuss the figure of Satoshi Nakamoto, it must be exciting, because for a decade the figure of the founder of bitcoin has not been revealed, but what I like is his work for all humans so that they are not bound by centralization.

BTC was created because one day people will no longer believe in Fiat/physical money. Because it is prone to corruption, etc. With BTC, all transactions will be clearly visible because they are in digital form. Wherever the money goes, we will definitely know what its purpose is and what it is used for, and with Bitcoin we can create financial freedom in the future, that's the most important thing.

MeGold666

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Quote from: Kelward on October 19, 2024, 03:25:01 AM

I believe that this latest trend to unravel the real Satoshi Nakamoto, is because of the HBO documentary and the Craig Wright's, claims. The trend to unravel the mystery behind satoshi's real identity will come and go and we'll still be here, so I wouldn't worry myself about it.
...

It's human nature to pursue the unknown. There will always be someone searching for him, just like people who dedicate their whole lives to finding Bigfoot or the Loch Ness monster.

I doubt revealing his identity would have any impact on Bitcoin today, even if he worked for the CIA.

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I believe that this latest trend to unravel the real Satoshi Nakamoto, is because of the HBO documentary and the Craig Wright's, claims. The trend to unravel the mystery behind satoshi's real identity will come and go and we'll still be here, so I wouldn't worry myself about it. Bitcoin is decentralized and the real Satoshi, can't do anything about it now, even if he were to somehow show his face which I very much doubt. The impact would be for a short term because the network has been designed not to depend on his influence to function. You can't remove curiosity from human beings, people naturally will continue to want to know the identity of Satoshi.

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Quote from: Sobz on October 18, 2024, 03:37:32 PM

I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin.

Identify Satoshi in order to reveal his identity as an enemy of bitcoin? How can the BTC-creator be an enemy of bitcoin? This sounds extremely contradictory.

Quote from: Sobz on October 18, 2024, 03:37:32 PM

Real bitcoiners don't have that time to go for a search to know who Satoshi is.

And what do real bitcoiners do all their time? By following the price charts of bitcoin?

Quote from: Sobz on October 18, 2024, 03:37:32 PM

Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about.

Each of your sentences is radically different in meaning from the previous one, because you jump from one topic to another and your post as a whole looks like an incoherent stream of thoughts.

Quote from: Sobz on October 18, 2024, 03:37:32 PM

What will be the gain if you reveal who Satoshi is?

I assume that it is not related to profit and the reason is curiosity (of the majority). Any riddle or mystery encourages to search for an answer.

Quote from: Sobz on October 18, 2024, 03:37:32 PM

It means you want the privacy of bitcoin to be reveal too.

Bitcoin's privacy is in no way connected with Satoshi's privacy.

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Quote from: EFS on October 18, 2024, 04:59:36 PM

I don't think Bitcoin has an enemy, and I don't think creating imaginary enemies helps anyone.
Trying to find Satoshi is what a lot of people have been doing for years because people are naturally curious about who created this technology. I don't think it will be proven who Satoshi is. Even if it was known, it wouldn't change anything.

Sir, At first I was very curious about this matter, who is this Satoshi? Am also doing a lot of research first to understand this system. Later when I realized that the issue is actually something like that I've done a lot of research on it before but no solution came or no one could find it. And I don't think it is possible to find him now no matter how hard we try.

Two example can be imagined:
1: If Satoshi can be found then the content of the old origin will be known. It needs to be understood from how it happened. Answers to the important issues that keep rotating in our minds in the form of questions. Such good points must be known.

2: If Satoshi can be proved I think he will do more harm than good with these matters. People are more concerned about where the money is coming from than where it is going. This will definitely hinder the overall growth of BTC. There will be no general regulation of BTC and the wheels of the economy will come crashing down. From personal opinion it seems that this Satoshi cannot be proved.

Topic: The real enemy of bitcoin - page 8. (Read 2251 times)