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Topic: Will Bitcoin fail if Satoshi is found? (Read 1391 times)

sr. member
Activity: 322
Merit: 251
January 15, 2020, 12:00:27 PM
There is no stopping to what bitcoin have achieved so far even if the real Satoshi is found and knowing the founder of a coin project can't put an end to it, look at Ethereum and vitalik, bitcoin is plain successful now and nothing can stop it
Well,  bitcoin stablish good foundation in the past 10 years that's why price of bitcoin are unstoppable to increase even satoshi found and still alive today.  Maybe this will be a help to increase more the price of bitcoin because satoshi could develop bitcoin.  That's why we don't need to be afraid if this event will happen.
I completely agree with you, Bitcoin’s establishment has nothing to do with Satoshi’s appearance. Yes true he is the founder of it but his appearance can not affect bitcoin in anyway. In fact, bitcoin has reached at the height of progress, from this position nothing can bring it down, it will continue to evolve with the passage of time.
sr. member
Activity: 1372
Merit: 261
January 15, 2020, 08:14:36 AM
There is no stopping to what bitcoin have achieved so far even if the real Satoshi is found and knowing the founder of a coin project can't put an end to it, look at Ethereum and vitalik, bitcoin is plain successful now and nothing can stop it
Well,  bitcoin stablish good foundation in the past 10 years that's why price of bitcoin are unstoppable to increase even satoshi found and still alive today.  Maybe this will be a help to increase more the price of bitcoin because satoshi could develop bitcoin.  That's why we don't need to be afraid if this event will happen.
member
Activity: 476
Merit: 22
January 15, 2020, 07:52:41 AM
There is no stopping to what bitcoin have achieved so far even if the real Satoshi is found and knowing the founder of a coin project can't put an end to it, look at Ethereum and vitalik, bitcoin is plain successful now and nothing can stop it
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
January 15, 2020, 07:34:52 AM
Bitcoin failure and growth is independent of satoshi appearance and it will not have any impact on the growth of bitcoins.
Secondly since there are many fake satoshi appearing these days, even if the real one appears any day, we couldn't recognize him to be real or fake one
The failure and growth of bitcoin is independent of Satoshi but if he appears his words will have a sounding affect in the future development but i do not agree with your second statement, if someone claims that he or she is the creator of bitcoin he can simply provide a cryptographic proof for the claim and end of story, you do not trust words but proof is everything in this market.

Its funny how people talk about satoshi as if like they're sure he's a real person lol. I doubt that anyone who would claim to be satoshi will be taken seriously. So that obviously will have no effect of any sort to the movement of btc or the market. I think it's just fun for some people to talk about satoshi nakamoto.
hero member
Activity: 658
Merit: 500
January 15, 2020, 05:20:38 PM
I don't see why Bitcoin would go down if we find Satoshi Nakamoto's identity. It might rise to new heights in the same way. But I don't see why it would show itself now if Satoshi managed to keep himself hidden until now. Perhaps he's going to decide to show himself before he goes on to linger in the background, but that's a guess. Would be curious to find out who he is
legendary
Activity: 2282
Merit: 1023
January 15, 2020, 06:17:50 AM
Bitcoin failure and growth is independent of satoshi appearance and it will not have any impact on the growth of bitcoins.
Secondly since there are many fake satoshi appearing these days, even if the real one appears any day, we couldn't recognize him to be real or fake one
The failure and growth of bitcoin is independent of Satoshi but if he appears his words will have a sounding affect in the future development but i do not agree with your second statement, if someone claims that he or she is the creator of bitcoin he can simply provide a cryptographic proof for the claim and end of story, you do not trust words but proof is everything in this market.
hero member
Activity: 1414
Merit: 505
Backed.Finance
January 16, 2020, 05:09:17 AM
It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run? Huh
I do not think that bitcoin will fall when satoshi is found. There is no reason Bitcoin should drop its price hard during that case. Once satoshi reveal himself, I believe that he will make a great revolution, a great change to the blockchain and the system of bitcoin

Same beliefs, I think if one day he decided to reveal himself, people will support more of bitcoin because of confidence that the central figure of bitcoin is alive and can be a great force of influence in bitcoin flight as the major cryptocurrency. It is a positive impact on my opinion and will gain more respect from all walks of life that uses bitcoin.
newbie
Activity: 21
Merit: 0
January 16, 2020, 04:19:47 AM
Bitcoin is a free blockchain based idea. Therefore, bitcoin belongs to the society as a whole. If you find a person who invented and created the first cryptocurrency, then this will affect crypto, like any other high-profile events. But Bitcoin is already in use by many people around the world. Cryptocurrency is rooted in our lives. Therefore, if we find out who is the creator of bitcoin, then this will not affect us much. After all, the convenience and prospects of Bitcoin will not disappear from this anywhere.
sr. member
Activity: 1106
Merit: 252
Dextrust.org #Defi
January 16, 2020, 02:57:29 AM
Bitcoin and blockchain is open source , Satoshi Nakamoto is only made for the general public and may be adopted in all aspects of finance in particular.
if he is found and the government asks for taxes then the cryto community must have many ways to help.
hero member
Activity: 1204
Merit: 545
January 16, 2020, 01:17:51 AM
It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run? Huh
I do not think that bitcoin will fall when satoshi is found. There is no reason Bitcoin should drop its price hard during that case. Once satoshi reveal himself, I believe that he will make a great revolution, a great change to the blockchain and the system of bitcoin
full member
Activity: 966
Merit: 102
January 16, 2020, 01:06:08 AM
Probably because people are buying bitcoin with the belief that bitcoin is derelict.  But when Satoshi came back to whether he was accepting Bitcoin as a CEO for his project or if he let things go as they were, the Bitcoincore team took over and updated the project.  There is no set rule for Bitcoin that Satoshi has to agree to compromise, meaning that Bitcoin is completely free.  I think that if Satoshi does not appear it would be better.  People will continue to believe in their financial freedom more strongly.
full member
Activity: 731
Merit: 100
January 15, 2020, 09:14:34 PM
It has already delivered the message of decentralization, it doesn't matter if he found or not as the project is open-source which has continued to get better day by day. So, it will have no effect and finding him is just like chasing a shadow.
yes that's it does not matter if Satoshi succeed is found because Bitcoin will keep to continue to run and will not fail. but it is impossible for can to find it because maybe he is dead and all that's left is Bitcoin which can carve its name for all time.
sr. member
Activity: 644
Merit: 364
In Code We Trust
January 15, 2020, 08:58:30 PM
In the first place, people who invented the technology greatly affects its condition whenever something happens to them, but completely with bitcoin, proven that it could still work despite of having no CEO or leader to maneuver it, what more it could be if satpshi will be found. In my opinion, just his presence will already drive bitcoin's market price, paving its way up to reach ATH.
jr. member
Activity: 168
Merit: 2
mada mada dane
January 15, 2020, 07:55:16 PM
As I am trying to be a future-teller here, I think there will be some significant changes in the cryptocurrency community if Mr. Nakamoto is found. But honestly, I am thinking that it won't make Bitcoin fail but it will bring more success as there would be some topics around that will be answered if he is found. Proofs will be validated that Bitcoin and other cryptocurrency plays an important role in society just like what fiats do.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
January 15, 2020, 07:40:20 PM
It has already delivered the message of decentralization, it doesn't matter if he found or not as the project is open-source which has continued to get better day by day. So, it will have no effect and finding him is just like chasing a shadow.
legendary
Activity: 3192
Merit: 1213
Enterapp Pre-Sale Live
January 15, 2020, 07:29:00 PM
Often we get to see people claiming themselves as Satoshi, and this discussion about finding the true Satoshi goes on and on. Until now there isn't any strong evidence to indicate a person as Satoshi. Based on this nothing to worry about the market change based on the identity reveal of Satoshi.
member
Activity: 109
Merit: 10
January 15, 2020, 07:04:25 PM
satoshi nakamoto stay anon is better for bitcoin i guess.
full member
Activity: 1638
Merit: 122
January 15, 2020, 05:36:15 PM
The people arent interesting with Satoshi now.

thats impossible  . what would they act like that ? why act like as if they dont care about the founder of bitcoin when bitcoin and other crypto wont be possible without sato naka .

Quote
Bitcoin is bigger than Satoshi and its irrepressible.

what ? did you know that sato can control btc because that its creation  . he can stop it or not depending on what his mood . bitcoin is only small compare to sato naka  .
jr. member
Activity: 77
Merit: 4
January 15, 2020, 12:08:20 PM
The people arent interesting with Satoshi now. Everybody is going behind of Bitcoin.. So thats not important for Bitcoin investor. Bitcoin is bigger than Satoshi and its irrepressible.
full member
Activity: 2044
Merit: 180
Chainjoes.com
January 15, 2020, 01:12:53 AM
It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run? Huh

Put him on jail for what crime? impose a penalty for something that he is not yet using or doing, and what government is going to prosecute him, when do not even know his nationality and we don't have any idea if he is an individual or a group of people, even if he is found or even if he is not around, Bitcoin will continue to exist and adopted so far nothing can stop it.
Even if Satoshi Nakamoto appears or is somehow installed, there’s nothing to punish him with even a fine. Bitcoins in his wallet are without movement, in many states they have not even decided on the taxation of cryptocurrencies.
It has been too long for Satoshi to be identified. However, if this happens, it will not noticeably affect the price of bitcoin and other cryptocurrencies. The cryptocurrency is already managed by society and the name of the creator of bitcoin will have little effect on the running process of cryptocurrency development.
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