Topic: Why is there such a big problem with Satoshi? (Read 2010 times)
It does not matter. These people are playing this out like Hollywood does all these stars, such as Kim Kardashian. This is one of those because they say he is important. There are some people who would love to pick his brain with what he can do and I am sure some companies would pay millions of dollars in order to give him a job, but to the regular Bitcoin lover, there is no matter.
Satoshi's identity is important.
For a start - Remaining anonymous is a big bump to their credibility. The person(s) acted and interacted publicly, collaborated with other people, and no one knows who they are or are keeping quiet about it. That's hard. Very hard. You need to know what you are doing to accomplish that. It also requires discipline and, likely, planning.
Secondly, the global implications. What if undeniable evidence breaks that points to a nation state? What if Mike Hearn is discovered to be Satoshi? GMaxwell? Etc.
For a start - Remaining anonymous is a big bump to their credibility. The person(s) acted and interacted publicly, collaborated with other people, and no one knows who they are or are keeping quiet about it. That's hard. Very hard. You need to know what you are doing to accomplish that. It also requires discipline and, likely, planning.
Secondly, the global implications. What if undeniable evidence breaks that points to a nation state? What if Mike Hearn is discovered to be Satoshi? GMaxwell? Etc.
Maybe even Vladimir Putin!
Satoshi's identity is important.
For a start - Remaining anonymous is a big bump to their credibility. The person(s) acted and interacted publicly, collaborated with other people, and no one knows who they are or are keeping quiet about it. That's hard. Very hard. You need to know what you are doing to accomplish that. It also requires discipline and, likely, planning.
Secondly, the global implications. What if undeniable evidence breaks that points to a nation state? What if Mike Hearn is discovered to be Satoshi? GMaxwell? Etc.
For a start - Remaining anonymous is a big bump to their credibility. The person(s) acted and interacted publicly, collaborated with other people, and no one knows who they are or are keeping quiet about it. That's hard. Very hard. You need to know what you are doing to accomplish that. It also requires discipline and, likely, planning.
Secondly, the global implications. What if undeniable evidence breaks that points to a nation state? What if Mike Hearn is discovered to be Satoshi? GMaxwell? Etc.
Agreed. Satoshi is the creator, but he has no power now. The only hand he has in the price is if he uses his supposed one million to pump. The reason we all care about him is that he brought bitcoin to us - not acknowledging him is like if Isaac Newton came back alive, noone even noticed him. How absurd is that? If it wasn't for him, we wouldn't have our physics laws of today. Get my logic?
Bitcoin or acutally the blockchain is one of the greatest inventions since decades. So, everyone wants to know what person or group of people we have to thank for this present. On the other hand, many people are interested to know who is the one who probably owns Bitcoin worth of around 500 million dollars.
Satoshi has a lot of bitxoins if he dumps them that's the end of bitcoin right there and it would be worthless so we got to prevent him from dumping them
What if we have it all wrong and Satoshi is not a person, what if it is a group of people. In some countries forming your own currency is a form of treason, so maybe they do not want to be known because of this,. They give such a great thing to this world and then they deserve to be punished. But then again you have those in the world who like the proposition of paying it forward, but they do not want nothing in return. Do you think people are just going to say, hey Satoshi, how is your day? No, they are going to hound him and make his life a media circus.
I find it appalling that someone wants to tax you on your bitcoin networth even if you have never realized your gains in fiat. They will never know the actual worth of said BTC in fiat until you actually throw them on the market. There is no basis other than imaginary fairytale value to tax someone actual fiat cash. I fully understand anyone fighting against such a jurisdiction and hiding the bitcoin and fleeing from such "authorities".
Having said all that, I doubt Mr. Craig Wright has been raided for supposedly owning BTC alone, but for his self-staged drama and involvement in dozens of fiat companies. He's pretty much your regular "tax offender" is my guess.
Having said all that, I doubt Mr. Craig Wright has been raided for supposedly owning BTC alone, but for his self-staged drama and involvement in dozens of fiat companies. He's pretty much your regular "tax offender" is my guess.
As we can see there is more than 15 million of coin in circulation so even government or satoshi himself try to sell supposed 1 million of coin he have will only create oppurtunity for the buyers to buy cheap. It will be interesting to see who is real satoshi other than that this news will not effect bitcoin in any means.
Satoshi has somewhere around one million coins. If these coins were to be sold on the market, it could crash the price.
yes but think about it. bitcoin is powerful not because of the price but because of what it can do. if the price went down a bit. it wouldnt hurt bitcoin.Yes, selling one million bitcoins may dump the bitcoin prices but it will bounce back to current stable price within hours for sure. Because of lot of bitcoin aspirants are waiting to buy bitcoins. Other than Satoshi's coin there are more than 15M coins are already in circulations.
what will happen to the BTC price after it is clear who really wrote the paper?
i think there would be the biggest bubble ever.
and that is a problem.
i think there would be the biggest bubble ever.
and that is a problem.
Satoshi has somewhere around one million coins. If these coins were to be sold on the market, it could crash the price.
yes but think about it. bitcoin is powerful not because of the price but because of what it can do. if the price went down a bit. it wouldnt hurt bitcoin. 
there is no problem with satoshi.. only problem is with those that are trying to impersonate him.
Because the government wanna ask him the tax.. lolBut satoshi having much bitcoin over his wallet and when he dump those coins would be a big problem isn't it?
Yeah i is a big problem, why? if he dumps his bitcoin over the market right the bitcoin's price will absolutely crash. Satoshi Nakomoto is a big problem
there is no problem with satoshi.. only problem is with those that are trying to impersonate him.
The problem is that the real satoshi is supposed to be the owner of several wallets with more than a million bitcoins; People are scared that the real satoshi could dump them a kill the game!
People mainly wanna know who it is because he holds a lot of bitcoins or at least people are speculating that he holds this much. He holds enough bitcoins to move the markets, good or bad.
this media stories suck because they are reveal the poor journalism that we have.
It is not journalism anymore it's more like storytelling and creating hype without actually checking clues. I feel that journalism nowadays works like this: 'Let's write some fabricated story, agitate the masses and never post any dementi if that turn out to be total bullshit'.
It's sad when main stream media has articles with plainly false information because it sounds good.
this media stories suck because they are reveal the poor journalism that we have.
It is not journalism anymore it's more like storytelling and creating hype without actually checking clues. I feel that journalism nowadays works like this: 'Let's write some fabricated story, agitate the masses and never post any dementi if that turn out to be total bullshit'.
I think it's because people would like to know who invented the amazing bitcoin. Other than that I don't think he's really relevant.
We're all satoshi, we are the bitcoin users.
We're all satoshi, we are the bitcoin users.
they are more worried about the 1M coins, i know the first thing i would ask to satoshi is where are those 1M, if he already dumped at 1200 or they are lost
or maybe a scammer scammed him, and he is now prepared to dump at some point, those info could be important
I thought nonce analysis shows that the likely 1M coins have not been moved, and have not been moved. Very unlikely the market would be able to sustain 1M dump even if you started from $1200
there is a big portion of the "1M coins" that is not traceable, i mean there is no real way to connect it to satoshi, maybe not all the 1m are moved, but only a portion, big one, like 200k or so, still dangerous
I think it's because people would like to know who invented the amazing bitcoin. Other than that I don't think he's really relevant.
We're all satoshi, we are the bitcoin users.
We're all satoshi, we are the bitcoin users.
they are more worried about the 1M coins, i know the first thing i would ask to satoshi is where are those 1M, if he already dumped at 1200 or they are lost
or maybe a scammer scammed him, and he is now prepared to dump at some point, those info could be important
He can't have dumped at 1200 because most of the early Bitcoins mined by Satoshi have never moved from their addresses. If he'd sold them they would have moved when he transferred them to an exchange. People have analysed the early mined coins and worked out which must have been mined by Satoshi, and they have computers scanning the internet that will alert them the second any of those coins move.
not all of them like you've said, there is a big portion that is not connected to satoshi, a portion is missed from this 1M
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