Topic: Why doesn't Satoshi reveal their identity? - page 4. (Read 1443 times)

The way bitcoin grew and became one of the biggest assets in the world is literally the proof we need about why this is a great thing, and I believe that should be more than enough, we can't really say anything further about this. I understand we may not approach this any differently, but we need to realize how this could be very good for all of us and this is why we need to say it's an asset.

If the anonymity didn't increase the price and everyone doubted what's going to happen then we could have maybe said this wasn't a good thing, but at the same time we are looking at it and seeing nothing wrong and this is why we can say it's a great thing without a doubt. If we trust bitcoin then we are going to be fine about it and I believe bitcoin has a great future ahead of it as well, we are not stopping the growth neither and keep growing. As long as we keep doing this, eventually bitcoin will become the biggest asset in the world and that proves something.

If it's a new project and the developers are unknown, there's a big chance that many will say that it's a scam, but not with Bitcoin.
The only anonymous is the creator, but the developers behind it are known in public.

As for why Satoshi doesn't reveal his/her/their identity, the main reason is for security purposes. Imagine what will the people do if for some unknown reasons, Satoshi revealed his/her/their identity in public and moved those 1M Bitcoins that Satoshi is holding. With how harsh people can be just to have those assets, they might end up kidnapping Satoshi or worse, even killing. I know it's too much, but people can do anything right now. It's good that Satoshi's identity remain unknown and let's just stay it that way.

Most of the time, the anonimity of the developers is considered a drawback for the legitimacy of the project, but there are some projects out there (altcoin) that despite the developers being unknown, there are still people who are supporting the project, and one of them is PEPE.

If Satoshi Nakamoto reveal his identity then the government may be looking for him for creating Bitcoin. That's what I think why satoshi didn't reveal his identity and being anonymous also makes those people who owns or invest in Bitcoin also satoshi Nakamoto. I think it will stay like that even though some group of people saying they know the identity of Satoshi Nakamoto when we know that they don't have evidence to prove it.

You simply need to check any bitcoin chart and you can get an idea: did bitcoin go down or up since 2009? If Satoshi's anonymity was considered somehow a problem we wouldn't be here witnessing ATH after ATH, don't you think? And I think it's quite the opposite, if we knew who Satoshi is (or was) probably bitcoin wouldn't be as trusted as it is today by the community.

They are just bluffing, they don't have more info about Satoshi than you and i, and we obviously do not know who Satoshi is, they only make claims like this to promote their service and attract more subscribers to it. It is similar to all the Faketoshi's we have had over the years, seeking attention with lies and deceit, it is just a waste of time because true bitcoiners never believe such stories.

Yes, that's absolutely true and I agree to all what you just said above 100%, because for Bitcoin been a decentralized digital currency to have been really worth it, it's creator Satoshi Nakamoto needed to show an example, which is why he had to hide himself from the general public, to avoid government's influence on the price value or ecosystem of Bitcoin and it's entire Blockchain network. So Satoshi's disappearance was not a win win for both the currency's market impact and value and his personal safety. So it's best Satoshi never reveals himself, despite we have seen many movie studios trying to create videos to unveil his true identity.

If Satoshi reveal itself, if what use is it going to do to you and Bitcoin? Don't you see the drama and episodes we are seeing everyday from other coins that has teams and many disagreements? First, you need to understand that Bitcoin isn't a person thing, it's for the community and if Satoshi reveal its identity, it doesn't change anything again because he can't do anything at this point unless he might want to sell the Bitcoin that is assumed to be on his wallet.

Bitcoin is all.about privacy protection while sending value and that is what Satoshi has demonstrated for everyone, he is not coming out that is if he is still alive and I'm sure that if he really wanted to come out to public, he would have done so many years ago when there a lot of controversy about people claiming to be him, that due or group of people will remain anonymous for life. So forget the idea.

An asset for sure and I've said it in countless threads. The CEO of a company can always be targeted. Can be sued, blackmailed, connected with things that can destroy his reputation.
Even if they're not against the law in his country, they can be against the law somewhere else. You know it's impossible to make everyone happy, right?

There's also an important part of bitcoin being considered a commodity not security. Satoshi being the first miner could be treated like the issuer and propagator of bitcoin. Now, since he's anonymous, there's no such problem.

The reason is obvious as to why Satoshi hasn't and wouldn't ever reveal their identity, that is if Satoshi is still alive. Even if Satoshi cannot control the network if they become known, they can 'influence' people's decision about BTC, i.e. if Satoshi was still a part of the network, if they moved some of their coins for spending, just as everyone of us does, people would react to it and it could make them move theirs too.

Satoshi didn't want that or any sort of influence on the network, they wanted it to be truly decentralized and we should appreciate them for that, it is not easy to create something as great as BTC and deny yourself the glory and praise.

Satoshi's anonymity gave investors a sense of security because they were assured that what Satoshi was trying to achieve was a decentralized transaction network that was free from intervention and secure - meaning that when he was not on the network, investors felt confident that he would not manipulate the network or suddenly access his wallet and empty it all. It also directly gave full rights to the consensus and miners to run the network, and made everyone feel that the Bitcoin network was not controlled by just Satoshi, but by everyone on the network.

At first people where frightened that Satoshi could sell the highest amount of bitcoin in his holding/possession and dump bitcoin due to his anonymity but after 15 years of bitcoin existence, people find out that their thoughts turns out to be misleeding, that they now know the importance of Satoshi anonymity. Satoshi anonymity help people to trust more on bitcoin because it prove the true nature of decentralization. If Satoshi was around people would have seen it as a centralised financial system because he may be forced by government to do some things against his wish there by decentralization may never be possible. But since everything works without him but in blockchain, that makes it even more interesting.
 
Satoshi anonymity can be considered asset and not drawback or setback. Because the real definition of decentralization is a process of a financial system to works without a centralised entity but works in a public Ledger where everyone is vounarable to see it. So Satoshi anonymity is a definition of decentralization.

Incredibly an asset, if I knew who he was, then I would have doubts about it based on their personality. Imagine Satoshi was known and said blabbering stupid stuff on twitter all day everyday, the price of bitcoin would crash to bottom very quickly.

The fact that he is not known and we have no idea what their personality or belief or ideas are, means we are not going to have any type of mockery around bitcoin anyhow. They can't attack bitcoin via satoshi's ideas nor words neither, so people who are against bitcoin hate because satoshi is being anonymous, yeah they would rather see who satoshi is, and while bitcoin is decentralized, still would attack bitcoin because of "what kind of guy created it" and this is why satoshi opted to be hidden is a big big asset IMO. Not even questioning why and how, we are definitely seeing a big chance here and definitely should consider how this would not be something that could impact us any badly. Just be happy he hides himself so well.

The anonymity is considered an asset of course and already you can see how vast Bitcoin is growing and besides it adds no value to any investor knowing the creator of Bitcoin in person when you have seen the legitmacy of what you are investing on, however even if had made himself known to everyone, the trust users and investors have on Bitcoin would have still be same as what is currently now, however with a strong digital currency as Bitcoin being anonymous is even the best because nobody knows who you are, so actually Satoshi is a wise man and knows the reason why he remain anonymous.

With the anonymity owned by Satoshi, of course it becomes a very important foundation for the progress and also the trust of bitcoin investors. Because with the anonymity of Satoshi, investors become calmer to keep holding bitcoin for a longer period of time. Because if for example Satoshi was not anonymous, I think there would be many parties who would take advantage of Satoshi for personal gain and maybe that would have a big impact on bitcoin. That is why until now Satoshi chose to disappear rather than appear on the surface. Because Satoshi must have known, if for example he did not keep his identity a secret, he would definitely be used by others. In addition, I am sure, if for example Satoshi did not keep his identity a secret, maybe bitcoin would not be as famous as it is today. Because basically Satoshi's anonymity is a special attraction for investors. Then besides that if for example Satoshi did not keep his identity a secret, the decentralized system applied to bitcoin would certainly not be perfect. Because if only Satoshi was not anonymous, many people would think that Satoshi could take liquidity from bitcoin. But now it has been proven, with Satoshi's anonymity, now Bitcoin investors feel safe because until now Satoshi continues to keep his identity secret and does not appear in public. So it is clear that Satoshi's anonymity is a very valuable asset for the progress of bitcoin.

So, if Satoshi recommended to "never delete a wallet", then I guess he still have access to his keys, if he is alive.

There is no proof, that Satoshi=Patoshi. And I think those two miners could be different, for example because of some mismatches. If you compare the Genesis Block with Patoshi blocks, then there are differences, which you can see, if you try to re-mine those blocks.

Hype? We can see how much hype there is for him and his identity. Movies and documentaries are being created in his name, what else would you call hype? The world might not expect him to appear, but they surely care about this thing in particular even if they don't care about him and his safety.


He wouldn't hide his identity in the first place if he had the wish to come out to the public eventually. He knew what he is doing, and he did it probably because he anticipated the future and the consequences of him having his identity publicly revealed.


Not necessarily. His revealing his identity wouldn't have any difference in the decentralization of Bitcoin but it will surely be life-threatening for himself. So he shouldn't and wouldn't do it at all.

15 years have passed and we still don't know who he is, is there still a hype about him or anyone really cares or expect that he will appear one day? I don't think so. At this point, I think that he is most likely dead and for that reason, he will never appear.
Even if we imagine that he is alive, is there any benefit for him to appear? If he appears, the whole world will talk about him for a long time, governments will fill lawsuits or will request his extradition in the worst case but in the best case, he will have to hire bodyguards and won't be able to freely walk in the street and should always be in fear of something bad.
By the way, this anonymity is an asset, it makes Bitcoin even more decentralized because we don't know the owner, he doesn't appear, so at the moment, there doesn't exist any central power.

I do think Satoshi's anonymity is solely based on a fact that he/she or they knew that if Bitcoin becomes a success then they would be in a hell of a trouble, I mean imagine been they highest holder of Bitcoin and a controller of such entity,.  then trust me the earth wouldn't be a safe place for Satoshi

Good thing for the part that officials don't have any clue on how they can control it. Being anonymous somehow make the creator safe so I guess it will be good if the current status will remain since for sure that Satoshi is doing fine if he/she's still alive at current date. Bitcoin growth is inevitable and for sure that knowing his presence might disturb the current growth happen to bitcoin since provably there  would be some entities would create an issue if Satoshi Identity will be revealed. Although we just speculate on that matter but I really think bitcoin is good right now so there's no need to disturb the creator and let him decide to disappear without a trace since this is what he want to happen for longest time.

Definitely it is an asset for me, and also if Satoshi doesn't want to reveal himself, I don't think it matters because we all benefit from what he did, and also no one
knows the reason why didn't he let me know who he was.

And because of what he did, I really admired him because it shows that his real desire is to help everyone around the world with financial problems and I also think that he is not an arrogant person to claim that he is the one who created bitcoin. he is that kind of person, his only help is really.