Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirhieu1 on May 06, 2021, 08:06:24 AM

Title: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: sirhieu1 on May 06, 2021, 08:06:24 AM
It’s been argued Satoshi did it for philanthropic or otherwise noble reasons. Or maybe the reason Bitcoin’s genesis story is shrouded in secrecy is that it’s meant to be kept a secret. and you?
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Zed0X on May 06, 2021, 09:11:30 AM
Nah I doubt Satoshi meant it to be a secret. Did someone actually asked when he was still active with public discussions? I guess he made it intentional for the genesis block not to be spent as a test or some kind of future memento.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Senin on May 06, 2021, 12:18:05 PM
Apparently, Satoshi Nakamoto wanted to remain anonymous so that decentralized bitcoin could not have an owner and therefore no one would have the right to interfere and change the basic principles of its functioning. This is very far-sighted of him. In any case, he remained anonymous on purpose and this desire must be respected.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Freemind on May 06, 2021, 12:23:09 PM
It may be for security, maybe there is sensitive data, I really don't know. What I do know is that when he was nominated for the Nobel Prize in Economics in 2016, he did not attend. That makes me think it may be for security reasons, but I think we will never know, we can only speculate on the reasons.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Alcor on October 28, 2021, 02:58:51 PM
I believe that this was done by Satoshi Nakamoto primarily based on considerations of preserving the principle of decentralization of the cryptocurrency. Apparently, he did not want his self-styled heirs to appear and demand that they recognize the right to invent bitcoin. We have already seen this on the example of Craig Wright, who was still suing for this right, and already threatened everyone that he would not allow the unauthorized use of bitcoin. All this is serious enough, because we are talking about many billions of dollars.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Freemind on October 28, 2021, 04:01:44 PM
I believe that this was done by Satoshi Nakamoto primarily based on considerations of preserving the principle of decentralization of the cryptocurrency. Apparently, he did not want his self-styled heirs to appear and demand that they recognize the right to invent bitcoin. We have already seen this on the example of Craig Wright, who was still suing for this right, and already threatened everyone that he would not allow the unauthorized use of bitcoin. All this is serious enough, because we are talking about many billions of dollars.

What Craig Wright says or does is totally irrelevant, for many years he has proven to be a person with little brain and a lot of mouth to say stupid things, Craig Wright has always lied to the public opinion and before the judges in the different trials he has had and he never achieved anything, Wright ain't Satoshi. He can threaten whatever he wants, after so many lies it is normal that no one takes him seriously.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Seerge on October 31, 2021, 07:48:28 PM
Some say Satoshi Nakamoto is Japanese, if you see his name it's true. But why do I doubt that he is Japanese? I don't know. But I hope he is still alive, and still monitoring the development of Bitcoin to this day. Even though it's very secret, one day he will appear to show who he really is.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: mlawson71 on November 02, 2021, 05:20:35 PM
I have always wondered about that, but unless the person or the persons behind the name Satoshi Nakamoto make themselves public, I doubt we'd ever get a clear answer.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Paglamon on November 03, 2021, 08:14:22 AM
Bitcoin will continue for generations to come. In other words, the movement of Bitcoin will continue to rise.Knowing the father of Bitcoin in the cryptocurrency market would not be a very likely event. Who is that Satoshi Nakamoto. Why doesn't he load all the documents. I don't think such documents will be published in the future. So Bitcoin will stay awake like this
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Alcor on November 05, 2021, 07:29:22 PM
Some say Satoshi Nakamoto is Japanese, if you see his name it's true. But why do I doubt that he is Japanese? I don't know. But I hope he is still alive, and still monitoring the development of Bitcoin to this day. Even though it's very secret, one day he will appear to show who he really is.
No, it is clear that Satoshi Nakamoto will never reveal himself. The way he skillfully concealed his identity and remained anonymous for many years indicates that he does this deliberately and with a specific purpose. That is, it is not his intention to ever reveal himself. In addition, a lot of time has passed - almost 13 years since the creation of bitcoin and it is quite possible that it is no longer alive.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Phython on November 06, 2021, 09:46:11 AM
The Genesis story of Bitcoin is hidden in secrecy. I have no idea about this. Because I don’t know much about this. I hope you will try to tell me if the senior brothers in this forum know about this properly. Because I learned from you what I learned.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Fenix on December 28, 2021, 05:10:21 PM
Some say Satoshi Nakamoto is Japanese, if you see his name it's true. But why do I doubt that he is Japanese? I don't know. But I hope he is still alive, and still monitoring the development of Bitcoin to this day. Even though it's very secret, one day he will appear to show who he really is.
Satoshi Nakamoto will never appear, this can be almost certain. He deliberately thought over his actions in order to remain anonymous in the future. We do not know for what purpose he did it and we can only guess about it. Many support him in these actions and believe that he did it so that no one had the right to claim bitcoin as an invention. But most likely, we will never know for sure about this.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: mlawson71 on December 28, 2021, 08:51:30 PM
I have always wondered about that. Why we know so little about how and why and by whom Bitcoin was created. Why hide it?
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: masterrex on December 29, 2021, 10:55:24 AM
I have always wondered about that. Why we know so little about how and why and by whom Bitcoin was created. Why hide it?

IMO, I believe it was Intentionally done for many possible reasons first is the possible government intervention second is if the project will not prosper and develop much and later on become a scam, those simple but very possible reasons are not a popular belief but it might be the reason that's why the so-called Satoshi Nakamoto has not shown its real identity. but the crypto community has shown the positive side and made it appear in the name of decentralization.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Callisto on December 29, 2021, 03:01:47 PM
I am sure that this is what Satoshi himself conceived, so that the history of the creation of bitcoin remains a secret and he also does not reveal his identity, as soon as everything is known about bitcoin, I think he will not be interesting to everyone.
Title: Re: Why is Bitcoin’s genesis story shrouded in secrecy?
Post by: Master107 on December 30, 2021, 10:53:19 AM
I am sure that this is what Satoshi himself conceived, so that the history of the creation of bitcoin remains a secret and he also does not reveal his identity, as soon as everything is known about bitcoin, I think he will not be interesting to everyone.

There are hints and assumptions about Satoshi and yet nobody dear to claim and frankly speak publicly. Security matter most than fame. The important now is somebody put a monument as Satoshi to honor the creator. It means a lot to look how Bitcoin influence and attracted the lives of many worldwide.