Topic: Where is Satoshi? - page 4. (Read 615 times)

I just checked and noticed that the Bitcoin transaction fee has been reduced to over 70% of what it was last 2 days ago, of which it means developers are doing a great job, and as such not enough reason why Satoshi should made himself known to the public, if truly Bitcoin must remains an anonymous asset

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.

Needless of that, we'll never see it happen because he's good that he's gone forever and we'll never see a glance of his appearance in anyway. Let the core team work on this and everything will be taken care of.

Obviously, we don't know.  This is not the first time the Bitcoin network have a problem like this.  There had been lots of attacks happening to the Bitcoin network and yet there is no news about Satoshi involving itself to fix the problem after his disappearance.  Saying he will get involved is all speculation and is based on personal opinion making the discussion pointless because there is no basis of proof that he will be anonymously get involved.

Instead of speculating, I'd rather put my trust on the developers to fix the problem because they are the one in existent to solve the problem now.

Nah. Not attack, just normal usage.


Satoshi said that eventually the miners would be paid with transaction ees instead of new bitcoins.  Sounds like this fits into his plan.


That's the way the free market works.  As less transactions happen, the fees will come back down. Eventually it will reach an equilibrium where the cost to use Bitcoin matches the price people are willing to pay for what it offers.


This IS the vision of Satoshi.


You can still use it as a currency if you are willing to pay the fees, or if you have a Lightning Channel already open. Eventually either the fees will come back down or enough people will be willing to pay the higher fees.

People have been criticizing the Bitcoin network since January of 2009.  There's nothing new about that. Some people just like to complain, there isn't anything that will ever satisfy them. And yet, here's Bitcoin, 14 years later, still doing it's thing and working just fine.

I've been pretty sure he's been dead for about a decade now.  Doesn't really matter either way. Bitcoin has grown beyond his ability to have any real influence over it anyhow.

What do I think?  I think he's dead and has been for a while now.

If he's alive, he can certainly participate anonymously in the open source code submissions, but so can you , and so can I.  Doesn't really matter.  Code changes aren't going to be included into Bitcoin Core without the approval of the team that maintains it, and the world isn't going to accept any hard-fork changes without a very good reason.

Satoshi's vision of Bitcoin was for it to be as decentralised as possible, possibly this is the reason he went offline, in order to promote what he was trying to achieve. As otherwise everyone would look up to him as a hero of Bitcoin of otherwise a leader to follow. So regardless of the high transaction fees, this remains Satoshi's vision of Bitcoin, as a decentralised means of value transfer.


Nothing will draw Satoshi out of the shadows if he remains alive (which I doubt personally). If this were to be the case, he would of come out in 2017 over the block size "civil war". Now we see another so-called "civil war", but compared to 2017, it remains insignificant as hasn't caused any divide within the network.  Ultimately it seems Satoshi doesn't want the attention. Even a dev talking with the CIA was too much for him.

No one knows who Satoshi are or whether they exist or not. As long as he is alive, will he speak up and participate in this matter? Furthermore, even if he were involved, it would not be possible to solve this problem immediately. In addition, this is also a minor error related to gas charges, which has happened in the past. So there is no need to worry too much; instead, focus on the positive recovery of the bitcoin network and be more optimistic about the development of bitcoin.

That's right, especially when the network is full of costs that have to be spent, almost 34% of the value of the assets we want to transact, but before that, gas costs were still very affordable, only 3%. Well, it's hard to say for sure where Satoshi is or if he's still alive. Some people believed that he had passed away, while others thought that he was still alive and kept a low profile. But don't worry, I'm sure if Satoshi is alive when he wakes up and sees what's going on, he'll have some pretty good ideas on how to fix the situation as well as make changes to the network he's created.

The problem is not enough for Satoshi to reappear because in this case even he can't do anything. The current situation is really bad with transactions and the developers are trying to find out something to fix the issue. I don't think that even Satoshi is capable enough to increase the size of blocks. Even if he appears out of no where he won't be able to do anything other than coping with the current developers.

I believe that our beloved developers will soon find out a solution to resolve the issue of high transaction fees by implementing some new rules to disable ordinals protocol. I know this is easily said than done, but my firm belief is that soon we will see lower fees. And, if you ask me that if it's necessary for Satoshi to come back in this situation I would answer no because even he if comes back the things won't be in control. Let him remain anonymous till his last days after that the choice of appearing or not will also be his own decision.

This is a minor issue, Satoshi wouldn't come out all because of this since it had happened before and then gone as well.
If he is alive, he wouldn't mind either whether people use other cryptocurrencies. He knows there will be altcoins since he was part of it when the Codes are posted as open source. Anyone can copy the code and release something else after.

Making BTC more anonymous I think can be done with another project on top of BTC. Taproot has it.

Even if in the end he still exists and is still involved in this, the conditions remain the same and it cannot be as if when satoshi speaks it can be controlled immediately.
I don't know about how the system or whatever it is because I don't understand about complicated things like coding and such but what I believe is that when even Satoshi exists something like this he will not be able to change it himself and now also as some people say there are already miners who can actually still overcome it.
As time goes by I think transaction fees will become the normal way things are done.

OP, blockchain technology doesn't just work like a television remote that can be controlled easily by just pressing a button; it's some kind of sophisticated technology that, if not carefully attended to, could create more problems. So even if Satoshi comes out now, I still don't believe there is anything that can be easily done; it will definitely take some time to be rectified. By the way, nothing lasts forever without having some challenges that need to be tackled, so if Bitcoin is facing this one now, I think patience needs to be exercised a bit. Some developers are also moving the motion to fight against the high transaction fee.

In all likelihood Satoshi is dead or ill & unable to respond. If he is alive though & able to communicate he obviously doesn’t want to risk doxing himself & is happy with his creation. He doesn’t want to take center stage. He didn’t appear during the block size wars so current affairs are nothing compared to that. To be honest I don’t think we will ever hear from Satoshi again, I think that is the best scenario any way.

I believe this is just a trying time and it will soon be over. Those that don’t believe and want to invest in bitcoin are always looking for the least possible problem to black-ash bitcoin but this won’t change the majority of the bitcoin enthusiasts mindset about it. Satoshi vision is a real and achievable one, just watch the space and you’ll soon see the result in the near future.


Satoshi is not to be tempted by this to reveal himself to the world, I still believe his anonymity is what is making bitcoin to thrive till day. This is not the first time the transaction fee of bitcoin was recorded to be this high. In 2017, the price of bitcoin went as high as up to $60 even though this years own supersedes any other year before now which caused the alarm.

I don't think satoshi could or would do anything even if he was here or he come back by chance. because he made it bitcoin open source so everyone can contribute to it's development. even satoshi cannot control bitcoin and can't stop what is happening with it..
Also I don't think Saying under attack is the right word in this situation. bitcoin network is not under attack. it is just being used too much. that is why transaction fee is so high.. for some people it may be problematic but for some people like minners it is a good opportunity and chance to make some extra profit.

even if he did return he couldnt do anything. there is no back door or anything he can just take control of
he would have to appeal to core dev moderators to be allowed to enter code into the reference client everyone relies on. and right now they are very close minded
their opinions of open source is like a open newspaper, open to read by anyone that wants to look, but trying to get a job as a news editor is not the same ease as being a reader.. you might get lucky being a grammar checker of the notes/comment sections as a volunteer contributor but to be a proper writer.. well not that easy

even a few core devs that had maintainer status get ignored by the current team.

What's happening right now? Even if Satoshi is alive, we won't drag him out; we actually don't need Satoshi for these things happening right now. There are developers who run updates and upgrades on the Bitcoin network, and I believe they are capable enough to solve any issue that the Bitcoin network is facing. Don't you think that if Satoshi is to show himself today because of something like this, there will be more issues for us to be worried about than what we are facing now?
 

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?