Topic: Will Bitcoin fail if Satoshi is found? - page 3. (Read 1391 times)

Bitcoin already popular now and most of people not too concern about who is the real satoshi nakamoto so although someday he will be discovered then i don't think it will have an effect for bitcoin itself but maybe the effect directly to satoshi itself that he will be the one of famous person in the world and people will always be asking what is his real purpose when decide to creating bitcoin

The survival rate is still 100% I don't see anything changing on the current standing of Bitcoin, Bitcoin has now many leaders many stakes holders and many supporters, I don't see the authorities harming him, in fact, it could be the other way around because of the revolution it created, I don't see anything that can stop Bitcoin at this point of time.

Tbh, I don't see the connection between the price and the identity of Satoshi. I don't think it will make an impact, it's just an identity, it's not that authorities will confiscate all of his coins, or he will sell partially. He keep his identity secured up to now, most probably his coins or keys is also well secured. Btc is unstoppable, well spread and widely used already for how many years without any trace of his identity. It will only make an impact if news about his coin will be spread, like someone or government get his private keys or tried to get it. Now that is something everyone should be worried. It will surely cause a panic.

I think that anyway, there is a lot of speculation and speculation on this issue.  Nobody can predict how events will develop after the appearance of Satoshi Nakamoto, but nevertheless, even until now, no one can say with certainty who is the creator of bitcoin, one person or a group of people who could also Call themselves Satoshi Nakamoto. In addition, taking into account the fact that a peer-to-peer payment system has an interface in almost 10 different languages, then I can well assume that in reality it is a group of people, not just one person.  Based on this, the development of bitcoin in the future, with the advent of this team, will depend on what will be the perception of these people in society and states in particular.

with the news about fake satoshi appearing and exposed , the more satoshi nakamoto will hide himeself because he will love to see these clowns show more and he will only laugh at them . aside from it , he is also consider his safety.  you already explain the reason why.  

but found or not found , we will not know what happen on the future or bitcoin.  

No. Whether or not satoshi is found or not is completely irrelevant.

The team working on bitcoin has had no affiliation with satoshi anyway for the past decade or so, and there has been no issues in the regard of keeping the network flowing smoothly. After all, it's a decentralized protocol that is designed to function with or without a leader anyway.

I see your concern in regards to the centralization that a known satoshi could generate, but I believe that in this more mature stage, the influence he pertains won't pose much of a risk to the wider markets.

If satoshi is found he will be in big trouble, because not only the government will try to get the bitcoin and other crypto that he have but, also the syndicate that will try to get it also as they will try to get it , and they might kill satoshi also, its okay for satoshi to just , never shows up until he will be protected and never be prosecuted, as we know for the government, they will get what they want, no matter what

Two things that I think will happen when real Satoshi will be found. First, the government where he is residing will surely protect him and make use of him to continue the development of bitcoin knowing that the bitcoin adaption right now is spreading vastly.

Second, the US will surely try to intervene with the real Satoshi identity and they will surely try everything just to stop the bitcoin by giving a TRO or something that is against to bitcoin founder.

There's no such thing as "Bitcoin's blockchain technology". Satoshi single-handedly created Bitcoin, and the protocol didn't change much from his original work, how can anyone be so ignorant of it?


This is nonsense, while no one can tell for sure exactly which coins belong to Satoshi, it is assumed that almost all of his coins weren't touched.


If Satoshi returned today, he'd be very influential, especially if he decided to work on Bitcoin again.

actually, finding Nakatomo Satoshi doesn't mean much anymore. What will he do if he finds him? while he did not update Bitcoin's blockchain technology and did not develop anything about it. maybe even now he is like other whales and is manipulating the market. Now whether he is arrested or killed, it has nothing to do with the existence of bitcoin. We can see that Nakatomo is useless now, he has no value.

in my opinion if satoshi is found there will be more negative impacts than the positive effects that will occur. and maybe bitcoin cannot last long on the crypto market. and maybe Satoshi's survival will be threatened because we know a lot of people who don't like bitcoin. they will try to capture and threaten satoshi. so if satoshi is found it will make bitcoin centralized and controlled.

Agree to that. A lot of stories will be invented about him if he is really found, the history of a person can always be twisted to look bad for anyone and media destroys just about anything or anyone when the people behind it are powerful enough like the banks. You can always wonder why Craig Wright weren't getting attention to the media like on TV like CNN and gets bat by media.

You are right, I am so familiar with bitcoin that I forgot that the identity of satoshi is probably one of the greatest mysteries of the last decade and the longer that this last the greater the mystery becomes, if at some point satoshi is found without a doubt there is going to be great press coverage about it all over the world, however it is also possible that the media will begin to try to attack bitcoin by using character assassination techniques and slow down the increase in the adoption of bitcoin that this revelation could have.

Theoretically, if the real Satoshi would be back and sold all BTC he owns in a short period of time (let's say 24h), we could see a true bloodbath and incredible panic on the market. Even a short drop below $1000 would not be impossible.
Well, it would not even need to be a real Satoshi, but someone gaining control over these Bitcoins...

Why don't we take it in a positive way? According to me even if satoshi is found, there won't be any impact on cryptocurrencies, crypto has went this vast. Cryptocurrencies being decentralized there's no one to control the crypto nor its creator. It's impossible to find the true identity of the crypto creator. Cryptocurrencies are spreading to that extend that we could'nt even think. Crypto users are increasing to that level we could've never imagine.

For me I think that Bitcoin will be more popular if we will know who's the real Satoshi is, as this will be the talk of the whole world and for sure he will get invited by a lot of events, interview in the media so marketing will really boost when that happens, but Satoshi remains to be silent as maybe he wanted his works to be know not him.

assange has full control over previous wikileaks activities, but bitcoin has strong support not only from a few people and also including its founder, so there really isn't a problem for ecosystem sustainability. What satoshi does is not included in the category of crimes that dismantle or attack the other party's system, the existence of satoshi is much more needed when compared to just isolating him under the law.

If the real satoshi gets found i don't think that would be the end of bitcoin because bitcoin is decentralized, that means no one us behind the machine to make it work, with or without satoshi this should move on. And about satoshi, i think if he gets found he would get a room one side of Assange and this really sucks.

Same thought too... Much effect won't be pleaded on Bitcoin but Satoshi Nakamoto.
Because people always love to link events to the price dump of Bitcoin. I am very sure if Satoshi is found many people will always link the price dump to him/her. They will believe he has sold a better part of his coin and it affects the coin. Glad the guy is annoymous.

Good point. Considering that most cryptocurrencies are traded legally today, it looks very unlikely that Satoshi will be facing jail anytime soon. If his/her identity is discovered, he/she could help guide the project every step of the way. Just like Ethereum (with Vitalik Buterin), Bitcoin would have a "leader" that will be the face of the project. The only issue would be that Bitcoin would be less decentralized than what it is right now. While at this point, Satoshi has done well in hiding his/her identity, we all know there's no such thing as 100% anonymity. Sooner or later, the authorities (or someone) will be able to discover Satoshi's identity by doing a deep analysis of him/her. Governments worldwide might want to use him/her for their own benefit if his/her identity is exposed to the public.

For the good of Bitcoin project, and the Blockchain industry in general, it's best for Satoshi's identity to never be revealed. But most crypto enthusiasts wonder what the implications will be after Satoshi's identity will be discovered (if it ever does)? As long as Bitcoin will be able to continue on its own without a central figure behind it, it'll do fine for many generations. In the end, we could say that we're all Satoshi since we've been working together in order to make Bitcoin the best cryptocurrency for worldwide payments without the need for a middleman. Just my thoughts