Topic: Why doesn't Satoshi reveal their identity? - page 5. (Read 1443 times)

How would governments control Bitcoin if they had Satoshi? Satoshi created bitcoin but can he control it? In my opinion he cannot control or make any changes to bitcoin without the consensus of all the developers. Unlike ETH or any altcoin, Bitcoin is not dependent on its creator and that is what makes it unique.

Owning 1 million bitcoins will not give someone control over the price of bitcoin. Controlling the price of bitcoin is not that difficult for the government because they have a lot of money and they can do whatever they want.  But they don't because they don't care about bitcoin as much as we think.

Satoshi is anonymous and no one knows who Satoshi is and that's truly a good thing for the community and for Bitcoin. Satoshi knew that Bitcoin get attention of many people and that's the reason he/she/they left the forum and disappeared and somehow left Bitcoin for community, and that's the best thing for the community. Even if now Satoshi reappears and breaks the anonymity, Bitcoin will still remain unaffected I believe.

There's one thing though I thought about when watching the HBO thing a few weeks ago: We're in a bit of a limbo because the the "satoshi bitcoins" haven't been burned. It's a bit of Damocles' sword hanging above us.

I can understand why some people say "wait, this satoshi guy has 1.1M BTC (ill informed, I know) so this is just a ruse for him to get rich" and many people don't trust the system because those 1.1M are still out there waiting to be moved.

I think for Bitcoiners this is not a big issue, but for people looking into the platform is indeed an issue.

I think most likely satoshi is sadly not among us anymore in either two ways

* he simply passed away
* he did the almost impossible and got a new life after Bitcoin (meaning, that he turned away from the project and hasn't come back, possibly deleting all Bitcoin related data he had and deleted his keys as well)

But we'll never know. I think it's OK to not know, but as I said above, persons who are interested in Bitcoin will stumble about the unresolved issues with his coins and may be taken aback, thus hindering adoption.

that's just my 2sats anyway. :-)

While a lot of bitcoin investors have already reach its success, the big factor of it is the fact that Satoshi remain anonymous all throughout. Otherwise, if he chose to remain in the spotlight and claim his successful innovation, I don't think bitcoin will be this life changing and valuable. So with that, I can say that Satoshi anonymity is certainly a big asset for bitcoin, and that all that we have today, we should always be grateful for Satoshi's staying anonymous all the time.

Looking at bitcoin growth till date you’ll definitely understand why staying anonymous is important, we can all witness rumors about Satoshi identity and it has been a major topic as most people will feel the revealing of satoshi’s identity will create market growth or low market. Bitcoin growth is not only attached with Satoshi anonymity but talking about trust we all know bitcoin is a reliable investment choice and it gives people the free will to hold bitcoin also if Satoshi should reveal their identity they’re only making things look worse since investors in general feel comfortable holding bitcoin without a doubt.

The fact that Satoshi is unknown is what gives bitcoin is present value and trust from investors, because most cryptocurrency investors already know the risk that is involved in cryptocurrency investment and for the record, most of the coins that have existed the market which flamed the panic and fear in the cryptocurrency market are all those that have a well known developer's and if you check very well, the direct involvement of those developers have caused those coin to crashed through either exit scam or other causes.


So why shouldn't we see that Satoshi absent is a way to deviate and stay away from bitcoin network involvement and other unforseen circumstances and conditions that could have affected bitcoin in a negative way by now, the concern could have been if Satoshi wallet which holds a large amount of bitcoin is active but his presence not, that could have been a threat.

I don't think his anonymity still can affect the user's trust in the Bitcoin network, he won't be like any other whale just wake up and move all of his 1.1 million BTC into another account to sell them. Even if he plans to sell the BTC he is holding I doubt the market will make big dumps. Besides worrying about how much he sell, I don't think his public existence will affect the market and why would it.

It's not like he will be public and governments can ask him to stop BTC blockchain and force him to access any backdoor to control the network or to make it more centralized. If there would be any way then the big companies won't be investing millions of dollars into Bitcoin core dev team or other open source projects just to make BTC more centralized. They would be going after the backdoor by themselves, but TBH there is none so I don't really care his anonymity being removed can cause any type of harm.

It could have been considered a setback or drawbacks if his anonymity had made Bitcoin not to experience growth and popularity but it didn't, which means that you can say his anonymity is an asset or a good thing for the development of the technology.

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. Any 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?

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!

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?

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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?