Topic: Why doesn't Satoshi reveal their identity? (Read 228 times)

Because the concept has been imprinted since the beginning and Satoshi did not want to take risks on his privacy, especially bitcoin is like now where a lot of people hail him.

He is a figure who I think is full of consideration because he does not want to let everyone pry personal things from Satoshi so that the concept of bitcoin with anonymous users is always maintained to this day.
On the other hand, it is precisely with anonymity like this that makes bitcoin more unique and it is not uncommon that not a few people have the view that with the anonymity that bitcoin has, it is actually an advantage for them because they do not have to feel bothered in maintaining assets owned by mixing up personal lives that make a lot of interest in this bitcoin.

If we would really be trying out to assume that Satoshi's Identity had already been known then we wont really be seeing its price to be look like this on where it is really now. The primary enemy that would really be trying out to suppress out Bitcoin would be the government itself and on where they would really be focusing into? Of course into its creator or the one who invent it. We do know that government doesnt really like on getting
behind or into the things that they couldnt be able to control on which it will really be normal that they will be trying out to make issues or trying out to control the brain of such project. It is really that indeed
true that we wont really be seeing this current market or position of Bitcoin if Satoshi was known in the first place. Hiding up in the shadows was really that indeed a wise decision made by him.

We've seen that there are tons of Faketoshi on which trying out to have those kind of claims that they are Satoshi but ending up on being a clown. hahaha

If Satoshi identity is reveal today, it is going to interest alot of government to have him because of many reasons.
The good side to the government:
-The 1M Bitcoin on his wallet that has been untouched.
-The idea that came about Bitcoin and they will want to have him by their side so they can take control of Bitcoin.
-They will want to control him so they can control Bitcoin, if they have access to that 1M, they can control Bitcoin price and how they want it to move.

The bad side to Bitcoin community.
-Bitcoin will become too centralized
-There will be fear in the market and possible dump of old Bitcoin wallet addresses.

There is nothing useful of Satoshi coming back because Bitcoin isn't for him one person again, it's now a public thing and there is nothing useful of him coming to declare himself. There is absolutely no use of his announcement to Bitcoin growth.

Dead: It would make no difference whatsoever. I suspect most people realistically assume he is dead.

CIA/NSA: No difference to the market price, at least in the short term. For most consumer investors of Bitcoin these days, Bitcoin is just an entry on their investment portfolio with the name, "Bitcoin". It's no different than any other meme investment, and the only thing that matters is the price going up or down.

In the long run, some of the "mythology" behind Bitcoin would be affected. A lot of people believe a lot of untrue things about Bitcoin (viz. that it's hackproof, fully decentralized, etc.), and while the revelation of Bitcoin being created by the US government as a law enforcement mechanism (aka a honeypot) would not directly dispute those technical things, it would make a lot of true believers more open minded for the first time, and many would see Bitcoin more rationally, which would probably diminish it's value overall since these true believers no doubt are at least some component of Bitcoin's price support.

In other words, with Satoshi being unknown, Bitcoin zealots are free to assert, "Satoshi made Bitcoin to abolish world governments" or something like that, and while that is not technically true, they say it all of the time anyhow. An revelation like this would make it impossible to make silly assertions like this (although I suppose for some anything is possible ).

It is an asset and a very big one for that matter. Satoshi’s anonymity can seriously be the reason why we are still having bitcoin alive and kicking. His anonymity is very crucial to the development of bitcoin and bitcoin will only be alive till today for that reason. Satoshi has everything about bitcoin that can cause havoc to the system and the way it’s operating now. Government having access to those things can make them do somethings on bitcoin development which could be a major setback for its development. Let him continue to be anonymous, we don’t need to know him before we’ll embrace and share this technology.


He’s actually making a lot of claims that are far fetched from the actual fact of what we know about Satoshi or any news related to disclosing himself. It was making all sense but when he said 31st October is another time he might show himself, I didn’t take him any serious about all he had even said earlier about him revealing himself.

Do you have any source for that information? These claims seem pretty far fetched to me and I would like to see more evidence that support your claims. I believe that is also true for most people on this forum.

Also is there any reason why would Satoshi want to reveal his identity on Valentine's day?

Satoshi Nakamoto has missed four dates to reveal his identity.  First it was 14 February 2014,  Second  16 March 2016,  third 10 May 2016 and fourth 21 February 2020.

Satoshi planned ahead to reveal his identity on 14 February 2014 but Satoshi were under presured, so he missed the date.  Then on 7 March 2014 midnight  he responded Saying " I am not Dorian Nakamoto".   16 March 2016 Satoshi went to ITN to reveal his identity but a Government secret agent came and stop Satoshi to reveal his identity.  On 10 May Satoshi went to BBC and Technology Reporter Rory Chellan Jones interviewed Satoshi for 48 minutes but The BBC Reporter were scared of  Eshtablishment and did not broadcast the Breaking News.  There after on 21 Februay 2020 Corona Virus Situation Satoshi did not reveal his identity.  Now,  31 October 2024 next week Satoshi will be forced to reveal his identity.  Bitcoin price will rise up instead of going down.  Find out why ?

You raise valid points!

It’s true that knowing Satoshi's identity might not change much, and it could even make him a target due to the BTC he holds. Like you said, Satoshi has no control over Bitcoin now, similar to how Vitalik Buterin doesn't influence Ethereum's fundamental structure.

Ultimately, it seems the technology and community matter more than the founder's identity.

The question is, would Satoshi Nakamoto still remain a free man if he didn't hide his identity? Considering the way most governments of the world are strongly against Bitcoin, Satoshi would have bowed to pressure or even be forced to disclose what he alone knows about his invention 'Bitcoin". I see no reason why people are concerned about Satoshi's identity, his/their absence have not been disadvantageous to Bitcoin in any way, rather it has given everyone the opportunity to work hard to secure the network in a decentralized way and this has made us gain more trust and confidence in Bitcoin.

I consider Satoshi's anonymity an asset. Yea, Bitcoin has been able to gain lots of support because everyone is anonymously involved too. The government can't stop it because no single person is incharge.

Interesting perspective!

While some may see Satoshi's anonymity as irrelevant, it does shape perceptions of Bitcoin's independence. Your theories about Satoshi's identity are intriguing.

How do you think Bitcoin would be affected if Satoshi's identity were revealed?

We should ask ourselves if anything would be different if his identity would be known? He would just have big target on his back, because of large sum of BTC he owns.

He do not have any power over Bitcoin protocol, so he could be just influencer.

Take for example Ethereum, we all know Vitalik Buterin. Is Ethereum any different for us because we know who it's founder is? Is it really important?

I think it's neither an asset nor a drawback: it doesn't matter to anybody now.

I personally believe there are only two plausible reasons Satoshi is still anonymous: either he is a dead (or imprisoned), or Bitcoin was a project built by the CIA/NSA. There's no other reason I can think of that somebody would let $60 billion just sit there.

Great point!

Satoshi's anonymity can be a drawback for some, but it doesn't affect Bitcoin's value. If their identity were known, it could lead to government scrutiny, hindering Bitcoin's growth. Anonymity is definitely an asset for decentralization.

What do you think this means for Bitcoin's future?

Great point!

I agree that Satoshi's anonymity was intentional. It reinforces Bitcoin's decentralized nature and shows it’s a currency for the people, free from any central control.

How do you think this affects public perception as Bitcoin becomes more mainstream?

Something is usually what you make of it, and while the anonymity of the founder of Bitcoin does not matter, to some other people, they have made it their argument and the reason why they would never trust Bitcoin. The truth about it is that their opinion or how they perceive the anonymity of the founder of Bitcoin does not affect the value that Bitcoin has and does not stop other people from benefiting from it, so based on their perspective, it has become their loss.

The anonymity that the founder of Bitcoin has is an asset because if the identity was known long ago, the government would have had someone to point at to blame, and maybe that would have affected the growth that Bitcoin has had.

I firmly believe that Satoshi (whether it be a single person or a group of people) had planned to never reveal their identity form the very beginning.  It only makes sense if you think about it.  In order for bitcoin to be the currency of the people, they needed it to not have a central figure behind everything.  By not having a main person, or CEO or whatever you'd want to call it, it helped prove that this is a decentralized currency not controlled by any one person.

Thank you for your insight!

I agree that Satoshi's anonymity is a key asset. It prevents any single individual from influencing Bitcoin, preserving its decentralized nature. If Satoshi were known, it could undermine the idea of community ownership.

What are your thoughts on how this anonymity might affect Bitcoin’s future?

I consider this a positive thing, so asset. If we look at the second biggest Crypto currency Ethereum, we know the owner and if he tweets something bearish, I am definitely sure the price of Ethereum will suffer. So there's an extra factor in there that will manipulate the price which is missing from Bitcoin, I am very thankful for satoshi to go anonymous. We all know so many people afterwards wanted everyone to think of them satoshi but failed.

Lol! what trust you are talking about? Do you realise that Bitcoin is a the largest cryptocurrency in the market with a market cap of 67 billion USD?

Satoshi's anonymity is a huge asset for the Bitcoin network which precisely shows its benefits. So we don't need Satoshi to share his/their identity at all. Bitcoin is doing great without his identity and I am sure that it will continue to do great.

Not an asset nor a drawback, it's nothing.

Satoshi and Bitcoin are two different thing, even Satoshi is the one who created Bitcoin, but he has no way to control Bitcoin. He can influence the market if he moved his 1 Million of Bitcoin, but if it just his identity is revealed publicly, it doesn't affect the demand and supply.

That's why I said, either Satoshi identity is keep anonymous or leaked, we don't need to worry.