Topic: Where is Satoshi? (Read 615 times)
The high transaction fees on the Bitcoin network have raised concerns about its suitability for everyday transactions. Satoshi Nakamoto's vision for Bitcoin was to create a peer-to-peer electronic cash system, but the current limitations have led to criticisms. It is uncertain if Satoshi is still involved or if changes will be made anonymously. Ongoing development and innovation within the Bitcoin community may address these challenges in the future.
Satoshi's Job has been done, and has played his own part by creating Bitcoin, made everything transparent in such a way that if he's dead Bitcoin will still function without him, so I do think that Satoshi saw all this possible problem that may arise in the future and made Bitcoin to be run on an open source network so that other devs can have a contribution and run Bitcoin without him. so if we need Satoshi to come out now because of the high cost in transaction, it means we will forever go need him to come solve issues that may arise with BTC in the future just because he's the creator, makes no sense because no one is gonna live forever.
Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
The problem is that we don't even know whether the name Satoshi Nakamoto really existed. This might be an abbreviation of the names of people or companies that came together to create the digital currency called Bitcoin. The creator of Bitcoin is never known and would not be known to the public because I think he had done his own path and leaving us to make proper decision to what favours us. No way will Satoshi ever comes out to show the world that he is the real creator of Bitcoin. This only can affect the general cryptocurrency market and bring it to an halt if the founder and creator of Bitcoin is ever known.
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That's it I think, then he goes back to his mansion to deal with the new girls coming in. 😉🤣
So imaginative, haha, but the OP did not really think of what would happen to Satoshi if he appeared now just for some little issues that did not even last any longer than two weeks. If the US government sees Satoshi today, only heaven knows what they will do to him and Bitcoin. That's really going to be a big mess for Bitcoin because the US government is even looking for every possible means to centralize and regulate Bitcoin, but it wouldn't be really easy to do so without the real Satoshi. But upon that, I still wonder why people keep wanting to see Satoshi, or are they not aware of what will happen if Satoshi shows up today?
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
Satoshi has no more role to play in the development of bitcoin and its network, he as done his bit and every other thing is now left to the developers who have been maintaining the network since inception, and also to each and every one of us as the community of bitcoin users..Yes, several things have lead to bitcoin transactions now coming out with rather high transaction fees, this is not actually the first time a thing like this is happening, it has happened before, and later, it was solved, this too will be solved, Satoshi has nothing to do or any role to play here.
I believe if those young virgins allow him, he would come out of his palace to fix the fees!
It will go like this :
He gets off the limo, walks to the office building and starts firing secretaries above the age of 20 to bring younger ones for other purposes later, then he starts by ordering all the miners to stop processing scam/spam ordinals to lower the fees.
That's it I think, then he goes back to his mansion to deal with the new girls coming in. 😉🤣
Just imagine Satoshi coming here asking people to fix the problem, well there isn't any real problem, this is how the real world work, if you are trying to make a change and people are against it, do something to make them want the change, and then you could make that change as if there was no other choice!
It will go like this :
He gets off the limo, walks to the office building and starts firing secretaries above the age of 20 to bring younger ones for other purposes later, then he starts by ordering all the miners to stop processing scam/spam ordinals to lower the fees.
That's it I think, then he goes back to his mansion to deal with the new girls coming in. 😉🤣
Just imagine Satoshi coming here asking people to fix the problem, well there isn't any real problem, this is how the real world work, if you are trying to make a change and people are against it, do something to make them want the change, and then you could make that change as if there was no other choice!
These ideas, thoughts are somewhat of the soup type, you have to understand that the fee situation is not really a crash, but these types of opinions they want to make it look that way.
Although it has undoubtedly been a nuisance, there is no better solution than to wait, it's happening, the sat/vB will enter the proper frequency.
Today, e.g. Still 100sat/vB results in a high priority, but look at the volume of transactions that are being handled right now.
Trust is always the key in any situation that arises with Bitcoin.
That is the real solution and do not start creating false opinion matrices or continue in the line of shouting "where are you Satoshi" when the solution is yourself, when using bitcoin despite the circumstances.
So, Trust and Patience.
Satoshi is somewhere living his best life without any internet access, I don't think some of these little disputes can bring Satoshi out to say he's Satoshi and would want to make adjustments to the troubles on the Bitcoin network. This is not the first time the network had such issues, the fees rise sometimes and drops due to network congestion as explained above. And it's not bad to transact with alternate coins if the bitcoin network delays so much, most of them came through bitcoin too. Many people used altcoins until the fees dropped to some reasonable amounts, then they moved back to bitcoin. However, the fees of previous weeks was really terrifying on bitcoin users.
Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
why should satoshi appear to the public, when bitcoin is open-source?the bitcoin transaction fee that suddenly went up a few days ago was the result of high transaction activity on the bitcoin network, the issue was that it happened because of the brc token hype and ordinal protocol but it only happened for a short time (just like other shit projects lol). now bitcoin transactions have started to return to normal even though there is still a delay of several hours in each transaction that occurs when the sender uses the lowest sats/vb fee, the sender is required to use their most comfortable fee.
Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
i hope bitcointalk website was down for hours today and it was fixed without calling Satoshi Nakamoto. Satoshi has already placed engineers in all the corner of bitcoin to solve the issues. The network side, transaction fee side server fee side and attacks and hackers side. So he has nothing to be afraid of it again because he know that people are there to work for him. Even if he is alive, he would not come out but rather he would tell his workers to fix the issue. He has done the main work so all these little and technical works can be done by his boys. 
Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
The name Satoshi Nakamoto is anonymous enough and we certainly don't need the creator to be bothered by this cute little problem, moreover, he have already enough in the past decade that no one could do in two decades and what he did helped us to make our lives more comfortable and most importantly, he opened up our eyes to see the things that we didn't cared before.
Bitcoin already have its developers to diffuse the difficulty that the system is facing right now and I think that these developers are more than enough to fix it. No need to disturb the creator.
There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
How can you be sure that if he is still alive he can solve this problem, what is the point of him trying to respond to high transaction fees like now? This is just a minor issue that could be fixed by another developer and I'm sure it will be resolved in the near future. If I'm not mistaken, the current transaction fees are already quite small compared to the previous few days although not as stable as usual.I don't think it was attacked but rather a busy transaction. If he wants to go out and sort this out, the question is why now and what's in it? All this time he's been hiding to appear more anonymous and little things like this making him come out on his own are far more ridiculous than he's been anonymous in so long. Without the role of Satoshi Nakamoto this problem will be resolved and maybe for the next few days, weeks and months it will be normal as usual.
Even he was here the network and system is not under his control so he would also have addressed this fees issue the same community is doing.Those ordinals pushed the transaction rate at peak and it was not witnessed in the past because fees were too high but not now and the situation is becoming normal again so just let Satoshi relax and stay away in peace.
I still don't understand why people need Satoshi Nakamoto back in the system. Have the development of Bitcoin ever stopped? No! It is growing every day, and it is in our hand to keep the system running.
There was a problem, and now it has been somewhat solved. People will always find a way to go around things and do it in their way. There is no exception with Bitcoin blockchain. All we need to do is wait for the right time until the issue is solved. Developers are still working on new things in order to make Bitcoin much easier to use. Have you not faced any ups and downs in your life? Right now, Bitcoin is going through that phase. We will get a solution for sure in order to make ordinals and Bitcoin both co-exist in the same ecosystem and work flawlessly. When will it be done? I don't know but one day it will happen that's for sure. We have faced recently and there is very high chance that it could happen in the future too. So in order to prevent that we will get a solution for sure.
Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
Satoshi didn't need to come out of the nest to solve this little problem. If he's alive, he'd just sit there drinking a cup of coffee without having to do anything, he pretty much understands the problems Bitcoin has due to very high transaction fee. Satoshi already has his followers working on updates and improvements to the Bitcoin network, the developers are always at the forefront of solving small or big problems that Bitcoin and its network are experiencing.
Now transaction fees are back to normal in my opinion, so far there has been no shocking news about Satoshi emergence to solve this problem. Satoshi job is done, he doesn't need to do anything else, he has succeeded in bringing about a big change because Bitcoin has been widely used and provides easy transactions.
Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
Well I personally think Bitcoin has grown to the stage where we don't need to bother over minor attack and I also understand that though we're suffering from high charges but we should also understand that miners are also smiling and I believe that the attack is already reducing and this is not the first time bitcoin has been attacked a d as a truly believer of bitcoin, we ought not to panic now but rather seize the opportunity to accumulate more and smile when all of this is over because it is believed that bitcoin is expected to skyrocket after all this crisis is over.Well I don't think Satoshi is ready to reveal his true identity if for nothing, then for his safety and since there have been similar attacks on bitcoin in the past, I believe this very one wouldn't move him to revealing his true self.
Why would we need Satoshi to fix the issues and problems. I thought bitcoin was meant to be decentralized. How can it be decentralized if people starts to see Satoshi as the "leader" of the network who will solve all the problems? I doubt Satoshi is every going to show himself. Yeah, he might help the network as a one of those many developers who helps improves the network. What I don't understand is why people are so obsessed with revealing his identity. Why do some people thing it would be a good thing?
There is no problem with bitcoin but people think that bitcoin can perform better if satoshi showed himself in the public because you know, it might attract more people and satoshi can do some improvements with bitcoin. Bitcoin will still be decentralized after that.Satoshi showing up does not affect it. For the coin to be decentralized or centralized is already written in the code before it was created and I think it can't be revised anymore but it is still possible to change its consensus mechanism and switch to pos. That should lessen its decentralization. I still don't think that majority will agree with that, as I know it needs some voting before this happens.
This is not a problem or an attack. This has happened in the past, and I don't think this is a major concern. We don't need Satoshi for this. He has done so much already, and now it's in our hand. Satoshi has already said it in the past. Satoshi Nakamoto said; “I’ve moved on to other things. [Bitcoin] is in good hands.”
So I don't think he/they will come back to the spotlight for these minor things. And it's a good thing. As long as the identity is a secret, bitcoin is more likely to grow more and more in the future. This keeps the bitcoin decentralized. Look at the blockchain now. It's almost back to normal again. And not to mention it's developing every day. So no need to worry.
Even he was here the network and system is not under his control so he would also have addressed this fees issue the same community is doing.Those ordinals pushed the transaction rate at peak and it was not witnessed in the past because fees were too high but not now and the situation is becoming normal again so just let Satoshi relax and stay away in peace. So I don't think he/they will come back to the spotlight for these minor things. And it's a good thing. As long as the identity is a secret, bitcoin is more likely to grow more and more in the future. This keeps the bitcoin decentralized. Look at the blockchain now. It's almost back to normal again. And not to mention it's developing every day. So no need to worry.
If he's still here, he'll for sure do something and step in but before proceeding, he'll have to propose and educate everyone on what he must do to see the potential outcome of it.
If he was somehow here, he cannot do anything in and of himself, he created BTC to be run based on the consensus mechanism, all controlled by everyone in the community, so even when he was around, he was never BTC's leader or owner, he was only the creator. BTC has never been in the hands of an individual, not even Satoshi.
This is not a problem or an attack. This has happened in the past, and I don't think this is a major concern. We don't need Satoshi for this. He has done so much already, and now it's in our hand. Satoshi has already said it in the past. Satoshi Nakamoto said; “I’ve moved on to other things. [Bitcoin] is in good hands.”
So I don't think he/they will come back to the spotlight for these minor things. And it's a good thing. As long as the identity is a secret, bitcoin is more likely to grow more and more in the future. This keeps the bitcoin decentralized. Look at the blockchain now. It's almost back to normal again. And not to mention it's developing every day. So no need to worry.
So I don't think he/they will come back to the spotlight for these minor things. And it's a good thing. As long as the identity is a secret, bitcoin is more likely to grow more and more in the future. This keeps the bitcoin decentralized. Look at the blockchain now. It's almost back to normal again. And not to mention it's developing every day. So no need to worry.
The mystery surrounding Satoshi Nakamoto's identity has contributed to the intrigue and curiosity surrounding Bitcoin's origins. Nevertheless, Bitcoin's decentralized nature allows it to operate without relying on the presence or involvement of its creator. The Bitcoin network is maintained by a global community of developers, miners, and users who contribute to its ongoing development and security. I'm surely satoshi nakamoto will never showing as long as bitcoin still exist, if community need improvment altcoin is the best choice for the right way
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