Topic: What's the Future of Bitcoin without the Inventor? (Read 483 times)

One of the reasons why Bitcoin is still the best and trusted cryptocurrency in the market is because Satoshi was able to make Bitcoin and all yours currency allowing people that do not even know how everything started to be able to mine Bitcoin with the right tool. This is what many project team will never do because there motive SI to utilize there project in a way that it will make them rich and not giving out to the public to benefit from the project too. This is different from what we are seeing mow like bounty and airdrops that is conducted by some projects to create awareness.

Bitcoin, fundamentally, isnt merely being “run.” I’s being supported, enhanced, and modified by an ever-evolving community. People come and go, yes, but Bitcoin remains - bound not by a collective agreement to manage it, but by a decentralized, collective belief in its fundamental principles: decentralization and scarcity.

While banks and corporations need a structured board to operate and make decisions, Bitcoin thrives on its decentralized nature, where decisions, like implementing upgrades, are made based on consensus, not executive orders. The shifting between developers, young and old, is not just a handover of positions but a handover of belief, of ideals. Its essential, though, to understand that Bitcoin wont simply “die” due to lack of interest but will adapt, evolve, and continue to influence how we perceive and utilize money.

Since you mentioned about the death , Satoshi had been missing in action for many years now yet Bitcoin continues to progress and popularized ,
I am not saying that the creator is dead or not  but what is the difference now since he is not to be found for many years?
isn't enough for you to believe about this great coin?

Bitcoin's future is still looking good, even without its creator, Satoshi Nakamoto. It's a decentralized currency with a strong community and growing adoption, so it's likely to become more widely used and accepted in the years to come.

In fact, Bitcoin is already being used by millions of people around the world to buy goods and services, send and receive money, and store value. And as more and more businesses start accepting Bitcoin, it's only going to become more popular.

So, even though we don't know who Satoshi Nakamoto is, or why they disappeared, we can be sure that Bitcoin is here to stay.

As you have also seen, bitcoin has existed for the past 14 years without its creator, which means the next 14 years or the next 100 years bitcoin can still exist without Satoshi or any inventor. As long as there is a demand for bitcoin it will always exist over time and as you also said, bitcoin is open source and anyone can continue to develop it. Bitcoin's existence depends on our needs, as long as it still brings benefits and meets people's needs, it will always be developed by everyone.

The picture I took from: https://www.reddit.com/r/Buttcoin/comments/14uil4r/crypto_company_announcement_translation_guide/

Can this apply to Bitcoin? because the system is decentralized, it is stated that founders and investors are ready to dump. However, in BTC, satoshi, the creator of BTC, is very anonymous - and has not been active for a long time, the BTC community also always monitors BTC satoshi wallets, investors here can mean large holders (institutions or companies or even countries). As long as there are investors Bitcoin will continue to exist and be valuable.

Crypto company announcement translation guide is this a warning?

I am very sure you misunderstood my statement and have taken my statement out of context.
I was referring to the OP question of what is future of Bitcoin without the inventor?

I was only trying to say that Bitcoin will succeed with or without the inventor. The OP wasn't talking about investor but rather inventor.

People die and new ones are born. It becomes a smooth transition from an older developer to a younger one, just like in a company. Most banks were established by people who are no longer with us. Think of bitcoin as run by a large board of executives that don't need to be elected. These executives are in different age and as long as there are new people interested in this type of digital money, the board will continue to exist. If they decide that the concept isn't interesting, it will die the natural way that so many inventions died. Is somebody nowadays interested in developing the steam engine? Are there people upgrading the telegraph? Don't worry about it, when bitcoin's time comes you'll know. It won't happen in a day or a month.

Actually I really wanted to meet Satoshi Nakamoto and just wanted to say a big thank you to him, and for more than a decade Satoshi Nakamoto disappeared, Bitcoin and Blockchain still exist today and will probably continue to exist and also continue to develop.
And the beauty of Bitcoin will make investors from various circles continue to come as time goes by, and that will make Bitcoin continue to exist even though there is no Satoshi Nakamoto.
And Bitcoin will continue to exist as long as investors, communities and developers continue to develop and maintain it well. And if Satoshi Nakamoto is still around, I hope he is always healthy and fine.

Satoshi has been absent in the crypto market for more than a decade and yet bitcoin has even more flourished in time, which means even if Satoshi won’t come back anymore, bitcoin will always have a bright future ahead. After all, this is no longer Satoshi but the community itself that makes bitcoin more valuable and irresistible on the eyes of the people. However, if Satoshi will care to return, he might still deserved the spotlight of course but I also guess his presence will never create a big impact for bitcoin in the long term.

The decentralized and open-source code of Bitcoin will make it stand forever.  Anyone can pick up the development where it has halted.
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The future and growth of Bitcoin relies with you and me as we keep on investing and spreading Bitcoin around the globe. Just like a father will setup an investment or company, then teach and hand it over to his son or who he wants to control his company, that is how Satoshi Nakamoto has invented Bitcoin and handed it over toh is predecessors .The decentralization and digital currency system makes the  involvement of individual and control of Bitcoin technology easy.The absence of Satoshi will not affect Bitcoin because of the way it has been designed to operate.

If you are talking about Satoshi, the creator of bitcoin, then you don't need to worry about that. Because since he created the bitcoin blockchain and disappeared from 2010 until now, bitcoin still exists and develops without any obstacles. That shows that bitcoin can operate without its creator and that is also what Saotshi designed for bitcoin. As many people have said, bitcoin is open source and decentralized, it is under the control of the community, not just anyone, so anyone can continue to maintain and develop it.

Actually, we didn't lose the creator of Bitcoin, Satoshi just disguised his identity for the safety of himself and his family.
I'm sure he monitors every development that happens to Bitcoin and just looks at how Bitcoin can develop so far, even though it doesn't have any guards and the system runs by itself and is already arranged in such a way.

And a few days ago there was an X account (twitter) that claimed that he was Satoshi and was actively making a tweet.

https://twitter.com/satoshi/status/1708886029636137256

But it is certain that it is not the real Satoshi, it is only the work of Craig Wright who is known as a claimant that he is Satoshi LOL.

The dead of Satoshi will not affect bitcoin because has already removed his or their hands from the software, though he is still in the team but he allow others to make some meaningful programming work in the software and he is directing those people what to do. The founder knew that he will die one day so he created bitcoin for open source so that people will use it for ever. And that is why he created the blockchain as a decentralized system in which third party can not control the the funds in your wallet. The real bitconers understand every step of the bitcoin movement so they will not sad because of bitcoin but because the founder of bitcoin is die. And by the way nobody knows whether Satoshi is dead or he still alive and we believed that he is still alive and when he will die nobody will know it because he is unknown. So there is no need to even sad because nobody knows where he is even right now.

Though we don't want to lose the Bitcoin creator, everyone has to leave one day. But his disappearances aren't actually related to Bitcoin. Because Bitcoin has been designed in such a way that anyone can run the blockchain, It's not centralised with any authority, like digital fiat. So any particular operator isn't required to run the Bitcoin network. It's because of decentralisation, not only for open sources. Because open source helps you read codes, copy, clone, and run your own way. But anything can't be modified on an existing blockchain. So even though there is no Bitcoin guardian, we shouldn't worry anyway.

And then you think nobody will take care of it when he dies? Bitcoin creation has been done already and the system has been working for many years, there is nothing to improve that needs someone to manage it. If your thinking is right, nobody will have the courage to invest and hold Bitcoin but because it never works that way, no matter what happens to the creator, Bitcoin remains and trading continues.
We don't need the founder anymore as it was designed to still be working without any supervision as the system has been working for many years efficiently.

Bitcoin is not designed to be that way. It is decentralized, meaning that it falls under no control of anyone

Knowing this information will help you understand that whether Satoshi exists or not has no bearing on whether bitcoin will be successful in its intended role of generating wealth for cryptocurrency investors or serving as a new form of payment.

With that goal in mind, nobody is truly concerned about Satoshi's existence (even though we are curious about him), as we are all aware that whether or not he is alive, he has no control over bitcoin. Even compared to other assets its owners have control over them. 

And Satoshi was never wrong with that. In fact, bitcoin even becomes more popular in the process and has built strong foundation with time. No matter how many times it was declared dead, but until now bitcoin still continue to flourish and make progress. That’s how very trusting Satoshi to the bitcoin community, his presence is no longer present but his invention continues to develop to bring advantages to the world even if the world itself is sometimes cruel to bitcoin and its community.

Things like this I don't think need to be overly worried because the fact is that even though we have lost Satoshi for more than a decade, the block chain and bitcoin are still running until now, meaning that there are always people behind the scenes who we don't know regardless of open source or whatever it is, I don't really understand but keep in mind that when Satoshi is not there who is the initiator of bitcoin, whether he is still in the world or has died, bitcoin is still running to this day.

When you talk about computers there is a big difference between a computer and investing in bitcoin, in a computer buyers are important and computer is a multi technology that serves in all kinds of field and everyone knows its important and bitcoin needs investors to survive without investors there will be no value, that is the importance of every business investors play a very importants role in every business. And in bitcoin you might not have absolute control over the network but you have over your money. The innovation of bitcoin have benefited a lot over time now.

Bright.  Retired developers will give their community rights to younger people who are promising and thirsty for new deals.  Just make the same question for any protocol, the answer will be the same.  Bitcoin is decentralized, so inventors really do not matter.

The fate of bitcoin and its future no longer depends on satoshis after he introduced them - so that means it is the community and developers who contribute to the future of bitcoin. So don't worry about the future of bitcoin even though satoshi will never appear among us - in fact I would be worried if he came back because it would have a big impact on changing a lot of things in the mindset of its big investors which in turn would have a bad impact on the bitcoin economy.

I don't expect satoshi to return and actively contribute to bitcoin's development - but I do hope that the community and developers will continue to keep the future of bitcoin and its network safe and long-lived.

You spoke my heart,  I was also going to use the same example, well, I don't think, now, after getting useful answers like this, OP need other suggestion but more suggestion or explanation is good every time. So, I would like to say, that BTC is dependent on some single entity and that's what makes it decentralized and free from middlemen, And it does not depend on the skills of some single or group of developers who can do whatever they want.

And I would like to add that Apple company can be shut down but I don't think that the BTC blockchain can ever be shut down, I mean, a board of members who have shared in Apple can make it shutdown or might rebrand the company but such things might not be seen in BTC blockchain.

Because, it is totally open source and AFAIK, the new improvements have to be voted by the community/miner. For the taproot and the Lighting network improvements which are made in the form of Soft fork and miner approved that. Without there approval nothing is possible. And those miners are decentralized.

No one knows that the inventor of bitcoin is alive or not but according to news there is an information that the inventor of bitcoin has died. But still bitcoin is going as a successful asset because the nature of bitcoin is decentralized which means that nobody can control it.

Nobody knows that news about his life is trusted or not but its true that there is no reduction in the success of bitcoin because of its open source and anyone can easily get the related information. No one has ever met with the inventor of bitcoin for longer time therefore may be this news is correct. Bitcoin gives its holders maximum profit and hopefully it will be always greater and better than every other coins.

Actually we don't really know if the founder of BTC (satoshi Nakamoto) is alive or dead. Because we don't know him and saw no activity from him for quite some time. But still, BTC has made it this far. How? Because BTC is being built by independent developers who propose development upgradations online and once they get enough votes to be implemented then the developers of BTC, integrate that upgradation.

Well to put it in simple words, either if one or two of the developers die, but BTC blockchain will still be going (working) because I don't think for the next 10 years we need some maintenance in the system. Again saying that's just a thought or you can say personal opinion.
You can inspect but cannot modify the code on your own and with your own decisions, you have to comply with the rules.

Its not just open source, its completely decentralized too so there is no central entity is controlling or upgrading or doing anything to the network. Its group of community upgrades the network if needed but most likely there won't be any change needed in the system and other issues can be related to mining can adjust on its own.

As was pointed out, Satoshi left the project a long time ago, and it's been going on without the inventor for more than a decade now. So yeah, there's no reason to believe that a creator's presence is needed for Bitcoin to function properly. There are other people working on its development, and if/when some of them leave/die, others can get involved, and it's totally fine. If we arrive at a point when nobody's doing any maintenance or development, I suppose it can eventually become a problem, but where there's demand, there will be a supply.

Bitcoin is bigger than everyone! Bitcoin's brilliance is that its not attached to its founders, whoever they are. It involves the community. Open-source? Consider it a public recipe where everyone can view the ingredients and procedures and offer improvements. Always changing and improving.

Now, security issues? Totally understand! However, this is cool: Bitcoin uses strong encryption and consensus. Multiple nodes double-check every move and transaction. This setup makes harmful intent difficult to pass. Bitcoin's longevity? Its design and caring people like you and me protect it. Consider this problem: what if everyone used Bitcoin only tomorrow? Imagine the chaos. Think about the possibility

Somehow title did not match the OP, to be honest. I thought you were talking about the inventor, Satoshi, and how his existence or non-existence works for Bitcoin. In anyways is going great with him present or not as you know very well we still don't know who Satoshi is. The source code that he made has already proven its full-proofness and has been running well since then.

I think we need only on-going adaptive development for this code. Since its open to all the greatest developers are already contributing their knwoldeg for its further developments. That is how its gonna survive for the time to come. No one can really screw things up due to it's irreversible blockchain feature. The concept will keep running and thriving for ages.

AFAIK, few years after Satoshi launched Bitcoin he abandoned his creation and disappeared into thin air, so it's as good as saying he's dead but his absence has no effect on the project. Bitcoin is an open source and decentralized protocol that's not controlled by any entity. It is a community driven project and whenever there's going to be any change on the source code, there must be a consensus, it must be voted and accepted by the community.

You can put your mind at rest as the bitcoin network has never been hacked though minor bugs do appear from time to time which is always fixed.

The fact that Bitcoin's Creator Satoshi Nakamoto just gone MIA shortly after Bitcoin has been launched and never make any development or addition by himself, proof that Bitcoin is truly decentralized and doesn't need the Original Creator. And I think that's what satoshi wanted, he made Bitcoin open source so everyone can make the good out of it, even he has gone.

I think this will help OP clarify, what do you think about the house that your parents built and then your parents passed away, what happens to that house? The problem is similar to this market, but the person who lays the foundation is the first brick to build a product that serves the needs of the intended use, and it will not stop developing until no one uses it anymore (this is difficult to exist until now and also a long story about the future) And moreover, the identity of Bitcoin's founder is always a big question for many people, but does it really matter because bitcoin is still growing stronger day by day without being influenced by that anonymous character? The difference between a decentralized product is not controlled by any object, so the problem that OP raised from the beginning is simply a limitation of understanding, it can be said that narrow and negative.

Maybe with centralized altcoins it would matter if their founder leaves the project or can no longer contribute to it for any reason at all, but BTC is different, we only know who the creator is by a psuedonym, they also haven't been heard from in a long time and never have been seen, but BTC continues to grow in all of its aspects, so i believe that gives you the answer to your question. BTC works without anyone being in control, so Satoshi is not needed for BTC to grow or continue to develop.

You are right in there. Bitcoin has even flourished more even without the monitoring of its own inventor. So it's clear to say that bitcoin will surely progress and hence will be adopted as a currency in the future. However, on the question if it's here to stay forever, well no one holds the future so right now, we can't really tell if it's going to last forever. But one thing certain, let's just enjoy the advantages and opportunities brought by bitcoin while it's still here in progress.

Well, as we all know, Bitcoin has been running for over or about 14 years now, the founder or founders of bitcoin in the person or persons of Satoshi Nakamoto were only available in the public space for only 2009 and some part of 2010, as from late 2010 going forward till date, No body has ever heard or read from him or them.

We don't even know if Satoshi Nakamoto was a singe man or a group of persons, But one thing we all should know is that, if bitcoin has been safely running for all this years without the founders intervention, rest assured that bitcoin will continue to run save and sound even when and while the founders are no more.

And besides, right now, we don't even know if Satoshi Nakamoto and every other key players in the founding of bitcoin is still alive, A Bitcoin wallet containing or holding over a million Bitcoins which is said to belong to Satoshi Nakamoto have been dormant for several years now, no single transaction has been recorded on that wallet for so many years now, so who knows if he - Satoshi, the founder of bitcoin, is still alive.

But regardless, Bitcoin is still here and running smoothly, Satoshi's absence is never and I believe will never become a problem to the existence of bitcoin.

The system had already been created and the protocols were set in such a way that even ifbthe inventor does not comply to the ideal concensus, his operations will be rejected except of the protocols are changed which i also know that's not possible because people trust bitcoin and the blockchain technology network, thise infrastructures and development you're asking about are here with some of the examples:

Decentralization
Immutability

All the network protocols are what will make bitcoin last forever, we have seen many inventions which their developers are no more but still existing and serving it's purpose, bitcoin will always remain the same ever relevant digital currency in cryptocurrency even without Satoshi Nakamoto existing.

No way to know if Satoshi is a group or an individual, and even if they/he dies, it will not be noticed because they already made sure of it. During the creation of bitcoins, they/he knew that they wanted to remain anonymous. They already created it, so they do not need to be around for it to keep functioning. It will make no sense to make a system that will be dependent on them, and then expect it to remain for as long as possible when their human life is limited.

Bitcoin no longer needs the inventor(s) to be successful.

You are just a forum user like me, I don't know your color neither you know mine but we exist here through forum account system, that's the only way Satoshi has communicated with everyone here. He/she could be alive since he last seen here chilling and enjoying his holidays or he could be somewhere under 6 feet. However, no matter his status, bitcoin legacy will continue with our without him because if he as to be alive to day, even him can't take back control of bitcoin because it's fully decentralized, run by loyal communist and belong to the communist.


If you don't understand how open source work, then there is no need to find out, the best you can do to keep his legacy is to buy and hold it, make some transactions to see how pair to pair the electronic digital currency of bitcoin, that's the only way you can feel the impact of the founder. You can also run your own node to improve bitcoin decentralization.

Another you need to know is that, if Satoshi wee to be alive today, he don't can't change anything except he suggested which must come through a proposal, that's why we have many BIP as Bitcoin improvement proposal, toy can write to bitcoin community where you think they can improve and once it's been reviewed and accepted, a day will be scheduled for the soft fork so that all the miners and the nodes will get the latest update on the bitcoin network, that's bitcoin works, no some random place you can wake up to.change anything.

Is like asking what the future of the computer system is without the inventor.
I do not think Bitcoin needs the inventor in other to survive anymore. Even the inventor do not have absolutely control over the network. Bitcoin is fully decentralized and open source

Technology, as you said, if there is something, it will simply be replaced.


You are deeply mistaken, Satoshi has been long gone. Yet, Bitcoin still exists.


Nothing lasts forever. The Bitcoin community, especially the developers, are the ones who maintain, develop, and test it. Everyone is indeed welcome to contribute, but it does not necessarily mean they can do whatever with the current codebase, there are rigorous processes to develop Bitcoin. We can't ensure if there are better and more efficient mechanisms that still have the same characteristics or are more innovative, bitcoin surely will lose its stand.

A dead person is one who does not speak. In our case, Satoshi's last post was about more than 13 years ago, and we cannot consider him influential now, even if he reappears. We can be sure that he is dead after about 70 years, because the science and knowledge he has indicates that his age may be between 20 years old and 40 years or 100 years if they were a group of developers.
The decentralized currency does not need the first developer and may be centralized in the first days, but over time it will inevitably be decentralized, which is what happened in Bitcoin.

Satoshi's last post was something like “bitcoin is in good hands now”. And he left. Meaning that he knew the community would take over the development and research for bitcoin.

Segwit was basically an idea brought by the community and it was implemented years after his departure. This is no different than Apple surviving without Steve Jobs.
 

satoshi profile last active was December 13, 2010 and Bitcoin price was $0.24. After that Bitcoin price keep increasing despite there's always ups and downs, now Bitcoin price is $26,800, we're currently in the future after the inventor aka satoshi left.

It's mean Bitcoin is better without satoshi? nope, if satoshi didn't create Bitcoin, no one will know there's a true decentralized currency out there.


https://buybitcoinworldwide.com/price/

Satoshi is still anonymous, no one can guess for sure whether this name belongs to the person or group that designed Bitcoin. Nobody has been able to reveal his true identity, maybe he is still alive or dead. But what I know so far is that his creations are growing even though they are not managed directly by him.

One of its extraordinary strengths is that it designed Bitcoin technology in open source software and is transparent, the system adopted in the Bitcoin network will make it difficult for any party to control the network. Don't ever worry, friend, Bitcoin's fate will be the same as when Satoshi first launched it to the public even though its creator is no longer in this world.

You need not be concerned about the potential compromise of the Bitcoin network by hackers. If such an event were likely, it would likely have occurred long ago. Consider this: the identity of Bitcoin's creator, known as "Satoshi," remains undisclosed even today, yet people continue to invest in Bitcoin, leading to a billion-dollar market. Just envision the substantial losses that would result if it were compromised.

It's important to acknowledge that you don't need to be an expert to understand this concept. It's simpler to analyze with basic logic, ensuring greater confidence in your Bitcoin investments.

Our current concern revolves around the growth of adoption, given the potential for market manipulation and government intervention that threatens Bitcoin's original intended anonymity for users. These factors can affect its functionality to some extent, leaving us uncertain about its true nature.

It won't matter now.

1. The founder isn't even known, so whether Satoshi is still alive or not doesn't have any bearing as to how Bitcoin grows from here.

2. Even if the founder is known, he/she/they neither safeguard nor contribute to its development anymore. The founder has already "moved on to other things" and has left Bitcoin to everybody. Bitcoin is open-source and decentralized.

3. Times change. Circumstances have changed since Bitcoin was conceived. However it will evolve in the future, it will be the call of those who are there.

4. Many Bitcoin users actually don't care. Some of them aren't even familiar of the name Satoshi Nakamoto. Some of them haven't heard of the names Wei Dai or Hal Finney or Nick Szabo or Adam Back and all and the Cypherpunks. Regardless of the founder or whether he/she/they are still alive or not, they just buy Bitcoin for some reasons.

That's the power of decentralization. Anybody can do anything... or I should say developers are doing their job, and that's to maintain.
Any changes around Bitcoin isn't been approved that easily because I think there's at least 5 groups that needs to agree in order for that development to be implemented. What I remember is that, miners are one of them.

Bitcoin creator die? We don't even know who Satoshi is, and TBH, there's a chance that Satoshi is dead already. Like I said, nobody knows about Satoshi, so these are just assumptions. Like you, I don't also have any in-depth knowledge about the software itself, but at least I know the basics of it. The good thing is that, we have developers who maintain Bitcoin, so I guess we can safely say that Bitcoin's in good hands already... or not.

Satoshi hasn't (publicly) been contributing to the protocol for a decade now, so you might as well presume him dead. Besides, as bad at it sounds, we don't really need Satoshi anymore because Bitcoin is somewhat a finished product; and having Satoshi publicly contributing to Bitcoin would give us some centralization due to bias.

Satoshi as the founder and creator of Bitcoin has long disappeared and his whereabouts are unknown to this day. We also don't know if satoshi is alive or dead, but what do you see about bitcoin? The bitcoin community continues to grow, bitcoin technology is getting more sophisticated (segwit, lightning), and the price is getting more expensive. So for bitcoin no inventor of bitcoin doesn't make it die, but I don't know if that will have any effect on the founders of altcoins

Bitcoin uses an open source system so that the community can maintain bitcoin and bitcoin is designed to run independently with a decentralized concept. So you don't need to worry, Bitcoin will be fine for a very long time

Re-phrasing the question, is there any agreement among Bitcoin investors that they will dump their Bitcoin and stop investing and holding? No, but instead, people are steadily investing in Bitcoin regularly. Everywhere around the world, someone is either buying Bitcoin for the first time or buying more to add to their already-exceeding balance. There is no accurate information to confirm if Satoshi is dead or still living, but Bitcoin is still doing well, and I don't believe that there can be any effect with or without Satoshi. If the Bitcoin network faces any serious issues, there are still some programmers who know the best way to follow up on the issue. The situation that I am even thinking will cause an unfavorable situation in the future for investors in Bitcoin is if the government begins to fight seriously against Bitcoin. For example, let's say that any day in the future, 1 bitcoin will become $900 million, and perhaps the government knows individuals who own 1000 bitcoins or more.

I’m out here reading this and am wondering if the founder has been around actively working on Bitcoin to keep it functional as we have it.

Satoshi Nakamoto remains a Pseudonymous creature through which, his nature is yet to be understood either to be a single individual or a body and the founders absence has been attributed to be some of the reasons for the success of Bitcoin and as such, why do you really think otherwise?
Are there coins out there that are doing great because of the presence of its founders?

Bitcoin was created to take a life of its own and while it continues to gain wide spread and usage, it continues to be modified to suit the times.

Bitcoin was designed to be able to run without dependence on the founder, and this has been the case for 13 years. I think Satoshi has detailed design of this technology including how the maintenance and upgrade of the protocol cannot be tampered with by black hats without enormous (almost impossible) effort.

In essence, Satoshi contributes greatly to ideas, then it is the community's contribution that determines bitcoin sustainability.

Satoshi has only been active for the first few years, then he disappeared and Bitcoin since then is developed by the community. So we already have an answer to your question - Bitcoin keeps thriving and its for the better that there's no single point of failure and Bitcoin future does not depend on decision of one person, or the fact that something might happen to that person.

You are already living in the future in which Satoshi is no longer part of bitcoin as a developer or as an influential figure, and quite honestly I think bitcoin is doing very well without his input, which was part of his plan from the beginning, now regarding what can make bitcoin last forever I think you have a huge misconception, nothing stands forever, as eternal as fiat currencies may seem they have only be the dominant form of currency used all around the world since the seventies, and at some point the fiat system will have to evolve or crash, so despite how solid bitcoin can be, there is no way that it will last forever.

Pretty sure that with how things trended during the 2008 financial crisis in one way or another a derivative or a version of bitcoin will surface on the internet. It was a fucked up time that made us really think about why we're even saving money if it could just be devalued by mistakes that we didn't even commit. Satoshi Nakamoto is a real one for taking the initiative to launch bitcoin himself but as I said, someone with enough tech and coding prowess is pretty much expected to release a bitcoin if Satoshi wasn't able to in the past.

I get that it's a little optimistic, but a lot of reasons made me think that this is the only way things would really go no matter what happened. If the 2008 financial crisis wouldn't have happened, we wouldn't have bitcoin, but we did, so here we are.

As far as I know that the only founder of this technology is a person or a group of people named Satoshi Nakamoto and he has left this forum since December 13, 2010 and has never visited the forum via his/her/their original id. Another thing that I know is that after December 13, 2010 no one has heard of Satoshi Nakamoto and even till this day no one really know who he/she/they was or were. At that time when he/she/they disappeared the price of Bitcoin was less than $1 a Bitcoin and anyone could purchase more than 100 Bitcoin for a $100 USD. So that's why I can say that Satoshi's presence has no impact on Bitcoin's price.


You can learn about open-source software from YouTube and any other online platform. There are thousands of videos about open-source software available on YouTube for free. And when it comes to security then you don't really have to worry about the security of Bitcoin because as long as good miners are controlling 50% of the hash rate then none of the black-hat hackers will be able to do anything against Bitcoin.

You can learn further about 51% attack via this URL: 51% attack

There will always be someone to replace them and dedicate their time to develop and improve Bitcoin technology.  Just like when Satoshi gone missing, development of Bitcoin did not step, instead there are lots of independent contributors appears in the list.


The decentralized and open-source code of Bitcoin will make it stand forever.  Anyone can pick up the development where it has halted.

In simple terms;

Bitcoin has been there after being made by Satoshi Nakamoto for a long time without him. Since when did he left? More than a decade ago and his profile says since December 13, 2010.

That's already a long time but look at what's happening to Bitcoin, countries are adopting it and more will possibly make it as a legal tender.

One point is that, Bitcoin is here to stay. Not saying forever but yeah, here to stay.

You should know that Satoshi havent been found or been known by this community or the entire space which lots had assumed that he might be dead or just simply lurking in the shadows and just watching his creation flourished and succeed out basing up on what he had written on that WP. Yes, its open source and we know that updates and changes could really be done but it is really that necessary? The only problem
i do see with Bitcoin is on scability issue and the rest is really just working perfectly fine and doesnt really need any changes or updates in regards. Yes, its true that having that founder or creator to be known alive
does really give out that confidence into its investors but we have seen the different thing on here in Bitcoin on which even on Satoshis absence then it is really that still able to sit on the top of the rankings on which it is really that something shows that on how good this project is.

Everything will really matter when it comes to demand and recognition because even if Satoshi is dead(hopefully not) it could really still be able to sit on #1 in the entire market
considering that this is the origin of crypto then it is something a title or reputation that no coins or projects that would be able to replace into its place.
This is why its really not that shocking for this thing to happen even up to now.

Open source software is transparent, any one can check the changes in the code before to put in to production.

If those changes affect the correct behaivor of the current network, nobody is going to run it.

It is basically decentralization and the open source network it works on. Bitcoin was built on open source, which allows the network to stay decentralised, making it difficult for a single body to control the network. There is no exception to this, even Bitcoin's inventor does not have the authority to regulate or change anything without the participation of other users on the network (the miners).

The open source model allows everyone to contribute to the network, which improves its adaptability and functionality.  On the network (blockchain), anyone may view, analyse, and audit. Bitcoin is based on the technologies of blockchain, which evolved from public blockchains.

The use of public blockchains helps to address some of the issues associated with security weaknesses, third parties, and centralization. With or without the inventor, it will continue to function the way it is now.

I have been having some critical thinking lately on what the future of Bitcoin and the Blockchain technology will be. What will be the fate of Bitcoin should in case the founders of this great digital currency and assets die. It is not a wish but it is a known fact that all humans will taste the sad and irreplaceable part of this life – death.

Despite that the Bitcoin technology was designed in an open source software – a source code that everyone, including me and you, can inspect, modify and enhance. The effect of the founders could be felt if they are not available to in any way monitor the processes.

I don't have an in depth knowledge on how the open source software works, which has perhaps led me to more curiosity hence my question, yet I feel like Bitcoin still undergo some security guard and monitoring to safeguard it against the black-hats.

Can someone on this forum help me clarify (in simple terms) on some of the infrastructures or technologies put into the development of Bitcoin that can make it stand, forever?