If that happens you can expect a drop in the price of bitcoin and a lot of panic because to most people satoshi alive means satoshi has access to his money and could sell or be forced to sell by government, blackmailed or something.
Bitcoin won't die from such a stupid thing but it will suffer.
Topic: Will Bitcoin fail if Satoshi is found? - page 6. (Read 1442 times)
Another satoshi-related thread, anyways, here are my thoughts.
There's a possibility that bitcoin might fell but there's a chance it doesn't. Individuals' affection for each thing always has an effect on it so once Satoshi reveals himself in the public. Investors might get off if Satoshi himself wasn't really a good individual, more likely a character that supports wrongdoings.
The other hand of the situation is, people don't really care about satoshi. Most likely, Satoshi will get reacher for his novelty award for creating bitcoin. He will be able to claim his patent and be one of the world's known successful people.
There's a possibility that bitcoin might fell but there's a chance it doesn't. Individuals' affection for each thing always has an effect on it so once Satoshi reveals himself in the public. Investors might get off if Satoshi himself wasn't really a good individual, more likely a character that supports wrongdoings.
The other hand of the situation is, people don't really care about satoshi. Most likely, Satoshi will get reacher for his novelty award for creating bitcoin. He will be able to claim his patent and be one of the world's known successful people.
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?
in my opinion, bitcoin will still continue even satoshi reveal himselfNow, 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?
as long as he will not change something that will trigger to imbalance there will be no negative effect if he reveals himself
satoshi is not active for a long time and its impossible for us to trace him using the track of him in the past
In my own point of view, bitcoin will not fail if Satoshi is found because it will definitely make a sudden improvement if that happens because it will be all over the news that everyone in the world would know about bitcoin that they will start to become interested to buy it. I think the only thing that government will do Satoshi is to ask questions about him just like what happened to Mark Zuckerberg, and make him to work with them.
Bitcoin is an almost unstoppable force now so if Satoshi were to be identified I see no reason how he could single-handedly or unilaterally shape or pave the way forward for Bitcoin.
After creating bitcoin, the second exceptional thing was to remain anonymous and be gone. Otherwise he would have easily ended how Assange. He would have been prosecuted as a terrorist against the financial status quo.
If his identity were known now there would be no danger to bitcoin and its value. But for Nakamoto's life, yes.
If his identity were known now there would be no danger to bitcoin and its value. But for Nakamoto's life, yes.
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?
In my own point of view, bitcoin will not fail if Satoshi is found because it will definitely make a sudden improvement if that happens because it will be all over the news that everyone in the world would know about bitcoin that they will start to become interested to buy it. I think the only thing that government will do Satoshi is to ask questions about him just like what happened to Mark Zuckerberg, and make him to work with them. 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?
By now even if they find out, it will be too late. The experiment has started and is now well decentralized. At the beginning Satoshi would have been passivable for blackmail and/or extortion.
Satoshi has nothing to do with bitcoin now. He disengaged himself soon after mining the first bitcoin. Bitcoin survived because of miners community. If he came out now, he could do nothing with bitcoin.
By now even if they find out, it will be too late. The experiment has started and is now well decentralized. At the beginning Satoshi would have been passivable for blackmail and/or extortion.
Satoshi has nothing to do with bitcoin now. He disengaged himself soon after mining the first bitcoin. Bitcoin survived because of miners community. If he came out now, he could do nothing with bitcoin.
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?
In my own opinion, if the anonymous bitcoin creator known as Satoshi Nakamoto was found, bitcoin will be insanely popular that everybody in the world would be interested to buy or invest their money in bitcoin. I also think that the government would do nothing to Satoshi because he doesn't violate anything in the internet, they might ask a lot of questions about him and bitcoin, that is why he intends to hide his true identity just to keep himself safe. 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?
It will not fail! If Satoshi is found you can expect a dip in price, especially if Satoshi happens to be CIA or a group of a former government employees, especially if that government is controversial. If they were some Japanese or South Korean nerds - all fine but if Satoshi was a Chinese or North Korean operative, imagine the shitstorm that would follow.
I think if Satoshi Nakamoto's real identity will be revealed. I guess he will be hired by the big companies because he will be considered as one of the "geniuses" in Digital Currency which can help to the development of Bitcoin and Blockchain Technology. There will be another breakthrough and will result another level of Bitcoin in Cryptocurrency.
Undoubtedly, his genius will definitely be required on some big companies for their personal gains pf course, but in terms of bitcoin's welfare, bitcoin is already bigger than its creator, it has gone to a point where we can't control it anymore, moreso him. So there might be some reduction in its price but this could also catch the eyes of potential investors which will help with the development of bitcoin price-wise. 
I think if Satoshi Nakamoto's real identity will be revealed. I guess he will be hired by the big companies because he will be considered as one of the "geniuses" in Digital Currency which can help to the development of Bitcoin and Blockchain Technology. There will be another breakthrough and will result another level of Bitcoin in Cryptocurrency.
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?
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?
It will survive 100% the system is in place and so many people had stakes on Bitcoin and adoption is now widespread that even Nakamoto is found it will not have an impact at all, we are good to go without him anymore, it's great if we found him he can promote Bitcoin further but it will not be going to harm Bitcoin anymore, just because he surface.
The truth is that no one can really tell if bitcoin will fall when the identity of Satoshi Nakamoto is known or discovered. Because its a 50/50 something. Bitcoin could either achieve mass adoption or could actual fall when the entire world discover the identity of the brains behind the whole blockchain technology and Bitcoin. But the identity of Satoshi Nakamoto will never be discovered...
I don't see why Bitcoin would fall if we find the identity of Satoshi Nakamoto. In the same way it could rise to new heights. But if Satoshi managed to keep himself private until now I don't see why it would reveal himself now. Maybe he will decide to reveal himself before he passes on in order to remain on our world's history, but that's just a guess.
I also don't understand, if Satoshi Nakamoto's identity is found then I think the development and also the price could be pumped. when he is anonymous, the price of bitcoin is quite profitable, maybe if he is found then the development of bitcoin could have been even better and could have an impact on the price Bitcoin has matured enough that even one million bitcoin hypothetically dumped on the market would not kill it. Sure, it would cause upheaval in the market, but it's nothing from which it couldn't recover. My own theory is that Dave Kleiman was Satoshi. Kleiman is now deceased.
Satoshi will never reveal his identity. If he wants to reveal his identity he already do it to get the rewards of the pump that was happened in 2017. Or it may be dangerous for him as some might get interest since he knew a lot of things. If you're theory is right then there's no reason to be curious at all.
I don't see why Bitcoin would fall if we find the identity of Satoshi Nakamoto. In the same way it could rise to new heights. But if Satoshi managed to keep himself private until now I don't see why it would reveal himself now. Maybe he will decide to reveal himself before he passes on in order to remain on our world's history, but that's just a guess.
I think satoshi being found will not affect bitcoin at all. In fact, what can he do to destroy bitcoin? and why would he destroy bitcoin if he has something that can destroy it? Bitcoin survived 10 years without even us knowing who is the real creator why would it fail if the creator will be unveiled?
It's not about him destroying Bitcoin. It's about how it will affect the price by the sudden appearance of Satoshi. Satoshi created Bitcoin decentralized so basically he can't just control it if he wants to. But Satoshi is a big person in cryptocurrency and it will totally affect bitcoin. Just like how certain news affect bitcoin, Satoshi can also bring either bad or good effect on Bitcoin. I can not find the relationship between the appearance of Satoshi and the price. Do you think that if the creator appears then the price will skyrocket? Perhaps if he says something his words will have weight, but I don’t think that people, like a herd, will do what they are told
Bitcoin has matured enough that even one million bitcoin hypothetically dumped on the market would not kill it. Sure, it would cause upheaval in the market, but it's nothing from which it couldn't recover. My own theory is that Dave Kleiman was Satoshi. Kleiman is now deceased.
I think satoshi being found will not affect bitcoin at all. In fact, what can he do to destroy bitcoin? and why would he destroy bitcoin if he has something that can destroy it? Bitcoin survived 10 years without even us knowing who is the real creator why would it fail if the creator will be unveiled?
It's not about him destroying Bitcoin. It's about how it will affect the price by the sudden appearance of Satoshi. Satoshi created Bitcoin decentralized so basically he can't just control it if he wants to. But Satoshi is a big person in cryptocurrency and it will totally affect bitcoin. Just like how certain news affect bitcoin, Satoshi can also bring either bad or good effect on Bitcoin. Jump to: