Bitcoin has become a global phenomenon, and the true identity of Satoshi Nakamoto remains a mystery that many people are eager to uncover. Perhaps those interested in Bitcoin are aware that Craig Wright, an Australian computer scientist, has been claiming to be Satoshi Nakamoto for many years without any evidence. Ultimately, the presiding judge in the case between Crypto Open Patent Alliance (COPA) and Craig Wright ruled that Wright had failed to provide any credible evidence to support his claim
[1].
Not only did the ruling end the controversy between the Bitcoin community and Craig Wright, but it also caused the price of Bitcoin Satoshi Vision token (BSV) to drop 17%
[2] because Satoshi's expectations for the future of Bitcoin were greater than what was mentioned in the Bitcoin Whitepaper. This is clearly shown in the recently revealed emails between Satoshi and Sirius
[3]. Ultimately, BSV is just a token created on a platform of deception.
However, I think of something else: in recent years, when Craig Wright claimed to be Satoshi, has the value of BTC been affected? And suppose the Judge declares that Craig Wright is Satoshi, will our accumulation, storage and use of BTC be affected? My answer is always very clear: No!
First and foremost, I am a BTC lover and a Satoshi fan. I never believe Craig Wright is Satoshi. Satoshi chose to be anonymous to protect the decentralized value of Bitcoin. Satoshi would not suddenly come back and try to prove his identity in every way possible, as Craig Wright has tried to do. People who are suspected by the community to be Satoshi, such as Dorian Nakamoto, Hal Finney, and Nick Szabo, have always denied it, while scammers claim to be Satoshi in order to gain fame.
The value of BTC does not come from Satoshi's reputation but from the world's most decentralized network with about 50K nodes + extremely secure POW protocol + independence from all financial forces + wide acceptance in the internet user community. As long as these foundations exist, BTC will still have value for us.
We don't need to know exactly who created Google, we still use Google. We don't know who created the smartphone, we still use the smartphone. We don't remember the name of the person who invented electricity, we still use electricity every day... These technologies continue to exist and develop based on the real needs of society, not on a single individual. Bitcoin is the same, I use BTC to store assets because I believe in the value of BTC, not because Bitcoin was created by Satoshi.
To me, Satoshi's choice to remain anonymous can be seen as an act of empowerment for us, for all of us who still accept, use, and promote Bitcoin. In other words, it is possible that Satoshi believes that all of us are more important to Bitcoin than Satoshi!
I'd like to hear your views on this issue:
- Will the outcome of the lawsuit involving Faketoshi Craig Wright affect the value of BTC?
- Does Satoshi's true identity matter to your BTC investment?
- When will the community stop searching for Satoshi's identity?
References:[1]
UK court rules Craig Wright not Nakamoto, ending long-standing drama[2]
Satoshi’s Vision down 17% against Bitcoin after Craig Wright verdict[3]
Satoshi - Sirius emails 2009-2011
Note:- My opinion has been presented in a topic, on BitcoinTalk forum
- This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
- This statement is to avoid accusations of plagiarism.