Topic: What could have Satoshi faced if he made himself known from the beginning (Read 1059 times)

Satoshi planned things carefully from the beginning. He knew that giving birth to an alternative currency outside the control of governments and central banks alike would not come without risks. Either such entities would've prosecuted Satoshi, or BTC would've become a centralized coin within its early days. I'm glad things worked out exactly as planned, as now Bitcoin is a "force to reckon" with. No one knows the whereabouts of Satoshi, but it doesn't really matter since the project is now in the hands of the community.

What we need to pay close attention to is Satoshi's BTC holdings on the Blockchain. If coins are moved to another address, that means Satoshi is alive. I just hope he doesn't sell all of his BTC, or that would crash the price real hard. That wouldn't affect the Blockchain's operations, though. Bitcoin has been doing fine without Satoshi, so I'm pretty sure it will last a lifetime if it remains decentralized and censorship-resistant. Just my opinion

We all know that Bitcoin is hated by the government and Centre banks of all nations, simply because it takes the control over people's funds from their hand, and as such if Satoshi Nakamoto had made himself known from day one he should have been an enemy to the government and hunted down or imprison since for developing such a decentralized technology. So he staying anonymous is one of the beauty Bitcoin has today, as it can't be affected by government policy.

I don't think he/she would guess, that BTC will get that much attention, maybe he (Satoshi) is extra introverted or pre-caution to not get stuck in legal laws for his whole life as SBF and other big Innovators have been stuck.

If he would expose his identity, he would be forced to make it centralized just from the beginning of it, but he was anonymous and I think he made the right choice.  Secondly, he would be the most famous person in the digital world (I'm not saying he is not but more than now). As he holds 9,80000 BTC in his wallet and there is no sign of activity on it which suggest maybe he is dead leaving this btc behind?

One thing that confuses me, he was on this forum and posted his posts about the first ever BTC token and Blockchain here, and not been active since 2010. The real question that confuses me is if he is publicly here on the media what will be the reaction of authorities? And he is the founder of this forum too.

Cashapp owner, Bob Lee was stabbed to death in San Francisco, however the news is still unclear because he's definitely one of the good guys we have in the space and made payment a little bit easier for transactions. He mainly focus on America for his business and his idea was welcom by the Americans. Satoshi Nakamoto would have been a prime target by top influential in the world, they would work day and night just to eliminate him from the market because his presence is a threat to their businesses and Satoshi have growned over the years without any form of recognition of his face, it's meant to be discreet and it's quite good for him.

Seeing the recent fate of the creator of Cash App, Bob Lee,  I don't blame Satoshi from staying in the shadows.  There are some dangerous people who are behind the current financial system

 
Probably if he doesn't hide his identity, the blockchain is useless today. 

we may not be enjoying the benefits of the existence of crypto market. if the government has known his identity, they may have thrown a lot of legal issues to him. so yeah, better it this way. as he won't be accused of issues such as money laundering, and other conspiracy theories. better leave his identity a mystery so people won't think that he is taking advantage of being the creator of this currency. we don't even know if he is still alive or not. but for sure, a lot of people are trying to locate his whereabouts and all.

Yes, he would have been accused of different criminals charges in the court of law. The government would have been on his neck to terminate the project because the project is against their will. Their will is to suffer the citizens while the will of bitcoin is to liberate the citizens from poverty. And another thing would have done is to force him to centralized the project for their benefits. But God knows how to liberate the poor. And now because bitcoin is decentralized and no government can control it from States and discovering the massive adoption by their citizens, they also introduced their CBDC which ignored by the citizens and focusing on bitcoin alone.

I think he did that not only because he knew it would be illegal, but also the betterment of the project itself as well. If he ousted himself and talked about it, then it would have been pulled from one side to another and there would have been arguments. But since he never disclosed who he is, we will always think of him as nobody, and we will never consider him in our purchases.

I do not buy because of anything satoshi said, he is a mute point for me and that is why it was a good decision. Of course law was another reason, probably a big reason as well because he would probably be jailed by now, but I think bitcoins better future was the main reason.

Bitcoin could have not been presented with different approach just as the way other cryptocurrencies appears being centralized, traceable to a particular entity or group of people, bitcoin is decentralized and serve the only cryptocurrency being decentralized , Satoshi Nakamoto understand the need for privacy and so he begin with maintaining that same privacy with himself being unidentified to the public, if he doesn't, then bitcoin with altcoins couldn't have been on this margin of differences so far.

Governments do want to control their citizens and do everything to protect their systems. Even in world of freedom with democracy, governments will not let their citizens to do everything they want and create things to challenge power of governments.

Because Satoshi did had a vision that Bitcoin will be able to challenge traditional central bank systems and when it is big enough, governments will try figuring out who is Satoshi Nakamoto.

His departure gives Bitcoin to community. Nobody can individual affect Bitcoin protocol or can impact community with a single tweet. If Satoshi Nakamoto tweet, his tweets can lift market up and down a lot.

Altcoins are fully controlled by their founders, core teams and technically, those coins can be decided by internal guys. DAO votes are non sense if most of vote powers belong to founders and core teams.

It is not easy to create an alternative to the existing banking system without facing prosecution from the government or banks themselves. Satoshi knew the risks beforehand, which explains why he never disclosed his identity in the first place. It was a good decision to leave the Bitcoin project in the hands of the community to ensure it remains decentralized and censorship-resistant. Other coins won't be that lucky, especially when most of their founders/creators are widely known by the public. I'm talking about Ethereum's Vitalik Buterin, Cardano's Charles Hoskinson, and Polkadot's Gavin Wood. These projects don't stand a chance against government prosecution in the future.

At any moment, mainstream governments can hunt these founders to try to harm the aforementioned projects for good. Besides, the vast majority of altcoins are centralized. Therefore, it's likely Bitcoin will survive while the rest of the coins will become history. Who knows where Satoshi is right now? Just my opinion

You never can tell, this is a matter of extreme privacy and anyone on the forum might not know him, not even @theymos. And truly, Satoshi can never be a single person, and yet the pseudonym is worth it and will always represent the group well no matter how many members they have.

I'm very sure that banks will be part of what would be sponsoring the threat, that is even as the government of many countries would kick against it. Bitcoin was never suspected much at first, but the clampdown would have been much as it gains traction among people. Still, I give the US kudos for staying with cryptocurrency, it would have been a different story if they didn't.

The threat is definitely there though I don't think Satoshi has really thought about it. I don't know if Satoshi actually had any special plans to maintain his anonymity in the first place, but the odds ratio seems low since I can assume that maybe 1 or 2 users on this forum know him. Besides, I didn't expect only Satoshi to be involved in this big project, and that's why some assumptions say that Satoshi is the group of people behind bitcoin.

Threats would be waiting for Satoshi if he made himself known from the beginning. Not just from the people who want to take advantage on him, but most likely the government which is very triggered by his own invention that made fiat right now in a negative shape, making bitcoin the top favorite of crypto enthusiasts. But I believe he’d known already that this is going to happen that’s why he chose to stay away from spotlight. Otherwise, he might not be living at peace and satisfaction right now.

The target by scammers is not even in my head and will not be an issue because the BTC would still be new then. No scammer would dare to steal such, and it's dangerous as it was highly traceable by the inventor since there was no much patronage then. Also, it has a low value at that time, so scammers will not look in his direction.

I don't think his goal is freedom from fiat because no one would be free from fiat, and if that is his goal, then the goal is not yet realized. I believe his goal is privacy and to reduce the dominance of fiat, not to curb it, and it's being actualized with low transaction fees and anonymity of transactions.

Are you kidding me? You better don't think about it this way, thank goodness that Satoshi was wise enough in his plan. If the whole world government wants to disapprove of crypto today, it will just go to zero patronage immediately. They will block all access points and that ends it.

No government will be after him anymore, and even if they dare to, am sure that world protests would erupt because of him. Bitcoin is not a threat, and other blockchains have evolved and no government is threatening them and their developers, so satoshi is not the bone of contention anymore. It might have been the issue initially, but technology has advanced beyond that.

We have to admit that Bitcoin is unstoppable. Governments can't do anything about it even if they find who Satoshi really is. My guess is that they will try to force Satoshi to sell all of is Bitcoins to cause a huge decline in market prices. After that, most people will lose confidence in BTC as a store of value (especially when they're only focused on making money with it). It will take a long time before BTC recovers back to its original market prices.

While the odds of governments finding Satoshi are slim, we cannot discard this from happening sometime in the future. Bitcoin has been going strong for 14 years now, so I'm confident it will last for generations. Just my thoughts

If satoshi did not stay anonymous from the beginning he would be either dead or imprisoned today, because the threat his invention represent to those in authoritarian positions of power and because his wealth.

There was also the possibility he could have gotten held at gun point by some intelligence agency to undermine Bitcoin's purpose by creating backdoors, etc.
In the end, he showed a big wisdom by staying in the shadows.  

The government cannot do anything anymore to stop bitcoin because its usage and adoption will be here for good already as even Satoshi don't have its full control anymore. So even if authorities will take on hold to Satoshi and accuse him of how bitcoin destroy fiat and central banks, that won't create any positive result because the bitcoin miners and owners now are now in full control with bitcoin, and not those third party or entities.

If he shows up in the first place, he will attract the attention of the government and I am pretty sure they will find a way to get him to stop bitcoin, and most likely, we will not see bitcoin and crypto like nowadays. Or potentially a centralized and government-controlled version of bitcoin. But luckily, that didn't happen, and the government is having a lot of headaches when there is no way to stop bitcoin.