What would happen if Satoshi Returned ? - page 3.

saiha

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Quote from: Denker on May 09, 2016, 03:42:52 AM

In terms of development nothing would change. We would keep going the way we are on now.
Of course he/she/they would get flooded with questions like: "Do you still have the private keys for the ~ 1million coins?"
"If yes what are you going to do with ith?" and many more.
Maybe he/she/they would get arrested by or kidnapped by some agencies?Who knows!
I hope we will never know who Satoshi really is.It's better for all of us.

I think it is good if we will know who created bitcoin even though we all know that it is not only him.
Of course he has a team that worked with him.

HarryKPeters

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Nothing would happen I think. People at least I would not care that much if Satoshi returned or not. I would go on with Bitcoin like nothing changed at all and I am sure that most poeple would not care.

Denker

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In terms of development nothing would change. We would keep going the way we are on now.
Of course he/she/they would get flooded with questions like: "Do you still have the private keys for the ~ 1million coins?"
"If yes what are you going to do with ith?" and many more.
Maybe he/she/they would get arrested by or kidnapped by some agencies?Who knows!
I hope we will never know who Satoshi really is.It's better for all of us.

saiha

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My opinion is that it will not affect the price of bitcoin even though satoshi will return and gonna reveal himself.
But it depends on satoshi on how he will going to move any codes in bitcoins.

Herbert2020

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nothing is going to happen and nothing will change if satoshi returns, people should really stop making a god out of satoshi and start to realize what anonymity is and how open source programming works. satoshi created bitcoin and others have been developing it ever since. even if satoshi comes back he will only be one developer.

Kakmakr

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Looking at what happened so far with Craig, I would say the attacks on him will increase in magnitude of x10. The media and shills will go into over drive and will try to take him down. They will link him to every bad thing possible to make his life a living nightmare.

Once they had their share of him, the official government gears will be set in motion against him. He will be charged with things like Tax evasion and industrial sabotage or whatever trump up charge they can think up.

Whilst that is done, hackers will try to get to his/her coins and people will break into his/her properties in an attempt to get to his or her private keys. The family members will need 24/7 protection against possible kidnappers.

Enotche

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My opinion, even if it is declared a real Satoshi nothing to Bitcoin is not going to happen. Yes, most beginners may succumb to panic and HYIP because of bloating conflicting information media, and sell their part. But most also did not respond. Bitcoin is already fully grown and used, it is almost independent, decentralized.

Sled

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Im sure satoshi wont harm bitcoin if its really that he has over 1 Million Bitcoins as it is his greatest legacy.
If he ever comeback he will probably spend slowly his Bitcoins.

Mokuton

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He will never return Roll Eyes

Rizky Aditya

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You are right. If satoshi does come back, he probably won't have an influence on most people, but some people might, which could really effect bitcoin.

tabas

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If satoshi returned he would say that he is craig, and that is not a joke. But if he will really return, I think he will do some improvements regarding
bitcoin and he would open an investment for bitcoins and directly holding by him.

AGD

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Quote from: Hirose UK on May 09, 2016, 12:35:06 AM

Quote from: AGD on May 08, 2016, 01:09:34 PM

A lot of people would ask him for a donation.

LOL. that's an unique thought. are you sure he will donate to a lot of people asking for it? Grin

if he would return, perhaps he will bring new sollution for what he has failed.

Ask lottery winners, what happens, when public knows they're rich. First is donation spamming. Then out of the blue investors will come to explain how they could invest. Oh, and there will be people trying to simply steal their money.

Hirose UK

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Quote from: AGD on May 08, 2016, 01:09:34 PM

A lot of people would ask him for a donation.

LOL. that's an unique thought. are you sure he will donate to a lot of people asking for it? Grin

if he would return, perhaps he will bring new sollution for what he has failed.

mki8

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Quote from: Minecache on May 08, 2016, 08:14:59 PM

Quote from: tobacco123 on May 08, 2016, 12:21:04 PM

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

His 1m is now only 15% total supply so the worst could be 15% variation. But as others have said Satoshi if not dead to life is still dead to Bitcoin because he's been out the scene so long now.

your calculations a bit off, as 10% of 15m, is 1.5m,
so he actually has about 7%, but when you consider there may also be a couple million lost coins, its probably about 10%
now btc has taken 10% nosedives, so unless his 1m were added to the whales that currently manipulate the market
it wouldnt be much difference
sure when trading it would make a huge difference for a while but it would be short lived
price would just settle down 10% lower, and then continue as normal.

one thing i really hope is that those at the top of the bitchoin chain,
are not all in together bring out stories for media and pumping and dumping all together
the temptation would be there for a handful to manipulate bitcoin and earn millions
but if this were true and ever found out it would destroy bitcoin in seconds

alani123

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The price would drop. If someone, anyone provided irrefutable that he/she is Satoshi by signing one of the early blocks, we'd be certain that someone has direct access to a million or more bitcoins that were so far crossed out by traders. This immersive amount of timidity liquidate wealth that would suddenly be back on the table would cause a lot of panic as traders wouldn't really sit well with an elephant on the room.

yenxz

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Quote from: AGD on May 08, 2016, 01:09:34 PM

A lot of people would ask him for a donation.

excatly,that will happen for sure,people here or other group that knowing satoshi is return and show his identity to public will ask for donation or maybe giveaway Grin

we know he has so many bitcoins.

Minecache

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Quote from: tobacco123 on May 08, 2016, 12:21:04 PM

He might still have some influence over the blocksize debate and voice his opinions, and yes the 1 million coins he is holding could potentially flood the market, which the exchanges can actually help to buffer by setting some rules?

Other than that, bitcoin is basically a trustless system and depends on noone, controlled by noone.

His 1m is now only 15% total supply so the worst could be 15% variation. But as others have said Satoshi if not dead to life is still dead to Bitcoin because he's been out the scene so long now.

European Central Bank

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How's Satoshi gonna prove who he is? Private keys and PGP stuff can be coopted by other people. I guess he could produce some research and early drafts but even then maybe this community is too far gone to believe anyone no matter they come up with. I also think he's far too clever to attempt a comeback.

interbtc

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Quote from: cryptor0th on May 08, 2016, 11:54:56 AM

He could definitely liquidate it over time, but I doubt how the markets would react to the same.

Thoughts guys ?

From his very own start he did not show any sign of interest in money or wealth. If he did , theres no doubt that atleast a portion of the funds from
addresses that he posesses would be moved and traded with, or at the least part of it dumped on the large bubble back in 2014.
I think he never left the scene, but that he is observing from behind the curtains, still only interested in nothing more than progress of this gamechanging project.

gabmen

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all of us here doesn't care if he returns or not, we all still believe that this kind of currency should not be stake to one person or groups we all here because we love how bitcoin works for us, so no matter he return or he is the real satoshi as long as he won't do any changes to our community it won't bother me.

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