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Author Topic: If you were Satoshi Nakamoto, what would you do?  (Read 2316 times)

Offline KryptoBull

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If you were Satoshi Nakamoto, what would you do?
« on: February 05, 2024, 09:06:46 PM »
Satoshi Nakamoto is a famous figure in the crypto market, and perhaps worldwide at the moment, because he created Bitcoin - the first crypto and opened the blockchain & crypto era. There have been many searches for Satoshi's true identity but no one has been successful. There is someone claiming to be Satoshi Nakamoto but cannot prove it when he cannot move BTC from Satoshi Nakamoto's address[1].

For many people, Satoshi's anonymity is one of the most important assets of the Bitcoin blockchain because it keeps Bitcoin from being an asset managed by any individual[2]. However, today I think of a case when Satoshi Nakamoto reappeared and made the crypto community vibrant again in many ways: discuss on crypto forums, move a few satoshis from his address, send a message to the crypto community via Inscription...

If I were Satoshi Nakamoto, I would probably send the entire 1M BTC to charities around the world. I would not dare to appear and have my identity revealed for fear of endangering my life. Bitcoin has succeeded beyond all initial expectations  ;D

I have some questions for everyone: If you were Satoshi Nakamoto, what would you do?
  • Would you dare to appear in public?
  • Would you move 1M BTC and sell for USD?
  • Would you participate in the development and upgrade process of Bitcoin blockchain?
  • Would you agree to accept the invitation to El Salvador?
  • Wouldl you continue to stay anonymous and observe the development of Bitcoin?
  • Would you reveal this secret to your children before you die?

References:
[1] Who Is Satoshi Nakamoto?
[2] Why has Satoshi Nakamoto remained anonymous?

Note:
  • My opinion was posted first in that topic, on Bitcointalk
  • I leave the source link to avoid plagiarism accusation.
  • I excluded/ included minor things from an original thread if necessary.

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If you were Satoshi Nakamoto, what would you do?
« on: February 05, 2024, 09:06:46 PM »

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Offline Cantsay

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #1 on: February 05, 2024, 10:33:38 PM »
From the look of things it seems like you made your questions based on the assumption that the entity “Satoshi Nakamoto” is a person and not an organization.


I have some questions for everyone: If you were Satoshi Nakamoto, what would you do?
  • Would you dare to appear in public?

After hiding for so long, what do I still need to reveal myself for? Personally, my answer would be “No” but you never can tell what conditions you might be placed under.

Quote
  • Would you move 1M BTC and sell for USD?

Here again we’re assuming that satoshi nakamoto is an individual - so it’s most likely that I’ll move it, if I’m willing to go against my answer to number one question.

Quote
  • Would you participate in the development and upgrade process of Bitcoin blockchain?

Again, if I’m willing to compromise my privacy I might contribute in the development of bitcoin if not I’ll just leave it to the current devs…

Quote
  • Would you agree to accept the invitation to El Salvador?

Depends on my answer to question one.

Quote
  • Wouldl you continue to stay anonymous and observe the development of Bitcoin?

Seems, more convenient to me. And since the government are seriously against bitcoin you ever can tell what they’ll do to me - and they can use my arrest as a means to spread fud around. 

Quote
  • Would you reveal this secret to your children before you die?

Still on the assumption that I’m married and have kids - I’ll personally not want to bother my kids about something like that. I might encourage them to have interest in it but still won’t force my past or my history on them.
FOFF

Offline MUGNIA

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #2 on: February 05, 2024, 11:28:18 PM »
1. I will not reveal and publish myself because it is too risky
2. If 1 million BTC is immediately exchanged I won't do it because by selling 1 million BTC directly I will indirectly make the BTC worthless later
3. I think it is an obligation for BTC owners to follow technological developments
4. no I will not attend every invitation because I want to remain anonymous

Offline Kemarit

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #3 on: February 06, 2024, 12:06:06 AM »
I think it's obvious that if I were Satoshi, I will just stay away from my creation. I will just be in the background though, just like the rest of us as a observer. He had done the right thing to be anonymous and not let everyone knows who is the real Satoshi, as it could be a group of individuals who created Bitcoin.

And his invention is resistant to anyone, still enjoy the support of the majority. The Devs are very good and they keep constantly communication with everyone involved, the miners, the bitcoin community and everyone in crypto. So Satoshi is right when he says that it is “It's in good hands with Gavin and everyone.”

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Offline summonerrk

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #4 on: February 06, 2024, 11:33:29 AM »
I think that in his position it is best to observe from the outside what is happening. There is a huge responsibility on him, and of course all cryptans will carry him on their hands, because he essentially created this amazing world of cryptocurrencies.

But at the same time, I was worried about my safety in his place, because the FBI and similar organizations might want to capture him.

Offline TomPluz

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #5 on: February 06, 2024, 12:09:39 PM »

I have some questions for everyone: If you were Satoshi Nakamoto, what would you do?
  • Would you dare to appear in public?
  • Would you move 1M BTC and sell for USD?
  • Would you participate in the development and upgrade process of Bitcoin blockchain?
  • Would you agree to accept the invitation to El Salvador?
  • Wouldl you continue to stay anonymous and observe the development of Bitcoin?
  • Would you reveal this secret to your children before you die?


I do not believe that eventually a person named Satoshi Nakamoto would one day appear and surprised the whole world as to his saga and his whereabouts and his plans for the future of Bitcoin. Now, this is assuming that Satoshi Nakamoto is a real person and is not actually an alias for a group that worked behind Bitcoin before it debut to the world. Still, let's assume I am Satoshi Nakamoto and I am asked many things...so let's begin.

  • Would you dare to appear in public?

No, I would not want to create commotion for myself so if I will appear then I would do it only on a limited engagement only...perhaps just talk to a group I am trusting. Appearing in public can mean I can be invited by the government...and I am avoiding that for good.

  • Would you move 1M BTC and sell for USD?

No, at least not immediately. Maybe I would be waiting for the time when each BTC would be priced at least 1 millions USD each so I would have lots of money to do many things. By the time I would encash my BTC, I would enjoy life as I should be.

  • Would you participate in the development and upgrade process of Bitcoin blockchain?

I would be sitting only as a consultant and not anymore in the drive seat in Bitcoin development. I would however provide some necessary inputs and maybe ask some qualified people I do trust to further enhance Bitcoin.

  • Would you agree to accept the invitation to El Salvador?

This is a good invitation and I would want to also meet the President of El Salvador and thank him for the job well done in promoting Bitcoin in his country being its legal tender. I might even choose to be a naturalized citizen of El Salvador and enjoy its many tourist spots as well, provided a good level of security is arranged.

  • Would you continue to stay anonymous and observe the development of Bitcoin?

Since I already decided to show up even on a limited basis, staying anonymous would already be out of the question. Now, it does not mean that I would be basing in USA as there are many other countries worth visiting of and exploring further. Plus, we know USA is not the country for someone like me.

  • Would you reveal this secret to your children before you die?

I would be making a book detailing everything and I would have it published before I die. So no more secrets for me.

In summary, do not worry since I am not the real Satoshi Nakamoto and maybe we should also be asking Craig Wright this set of questions also...just kidding.









Offline ABCbits

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #6 on: February 06, 2024, 01:02:41 PM »
I have some questions for everyone: If you were Satoshi Nakamoto, what would you do?
  • Would you dare to appear in public?
  • Would you move 1M BTC and sell for USD?
  • Would you participate in the development and upgrade process of Bitcoin blockchain?
  • Would you agree to accept the invitation to El Salvador?
  • Wouldl you continue to stay anonymous and observe the development of Bitcoin?
  • Would you reveal this secret to your children before you die?

1. No, it's obvious government will target me.
2. Probably no. Aside from risking future of Bitcoin, there's no way to sell it while preserving anonymity.
3. Yes, but under different identity.
4. No, see answer to 1st question.
5. Yes.
6. No. Even in distant future, there's risk my identity (e.g. religion and nationality) and history could be misused to attack Bitcoin reputation.
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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #6 on: February 06, 2024, 01:02:41 PM »


Offline KryptoBull

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #7 on: February 09, 2024, 07:59:19 PM »
I do not believe that eventually a person named Satoshi Nakamoto would one day appear and surprised the whole world as to his saga and his whereabouts and his plans for the future of Bitcoin. Now, this is assuming that Satoshi Nakamoto is a real person and is not actually an alias for a group that worked behind Bitcoin before it debut to the world. Still, let's assume I am Satoshi Nakamoto and I am asked many things...so let's begin.

  • Would you dare to appear in public?

No, I would not want to create commotion for myself so if I will appear then I would do it only on a limited engagement only...perhaps just talk to a group I am trusting. Appearing in public can mean I can be invited by the government...and I am avoiding that for good.

  • Would you move 1M BTC and sell for USD?

No, at least not immediately. Maybe I would be waiting for the time when each BTC would be priced at least 1 millions USD each so I would have lots of money to do many things. By the time I would encash my BTC, I would enjoy life as I should be.

  • Would you participate in the development and upgrade process of Bitcoin blockchain?

I would be sitting only as a consultant and not anymore in the drive seat in Bitcoin development. I would however provide some necessary inputs and maybe ask some qualified people I do trust to further enhance Bitcoin.

  • Would you agree to accept the invitation to El Salvador?

This is a good invitation and I would want to also meet the President of El Salvador and thank him for the job well done in promoting Bitcoin in his country being its legal tender. I might even choose to be a naturalized citizen of El Salvador and enjoy its many tourist spots as well, provided a good level of security is arranged.

  • Would you continue to stay anonymous and observe the development of Bitcoin?

Since I already decided to show up even on a limited basis, staying anonymous would already be out of the question. Now, it does not mean that I would be basing in USA as there are many other countries worth visiting of and exploring further. Plus, we know USA is not the country for someone like me.

  • Would you reveal this secret to your children before you die?

I would be making a book detailing everything and I would have it published before I die. So no more secrets for me.

In summary, do not worry since I am not the real Satoshi Nakamoto and maybe we should also be asking Craig Wright this set of questions also...just kidding.
+ Thank you for your extremely interesting answers.
I already know that you are extremely greedy because you are willing to wait for BTC to reach 1M USD to sell 1M BTC worth 1T USD  8)

The idea of writing a book and publishing it is really interesting, it will help people understand the whole point of view and purpose of Satoshi Nakamoto instead of speculating and getting lost in the matrix of Bitcoin forks in this market.

Offline philipma1957

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #8 on: February 09, 2024, 08:16:32 PM »
Satoshi Nakamoto is a famous figure in the crypto market, and perhaps worldwide at the moment, because he created Bitcoin - the first crypto and opened the blockchain & crypto era. There have been many searches for Satoshi's true identity but no one has been successful. There is someone claiming to be Satoshi Nakamoto but cannot prove it when he cannot move BTC from Satoshi Nakamoto's address[1].

For many people, Satoshi's anonymity is one of the most important assets of the Bitcoin blockchain because it keeps Bitcoin from being an asset managed by any individual[2]. However, today I think of a case when Satoshi Nakamoto reappeared and made the crypto community vibrant again in many ways: discuss on crypto forums, move a few satoshis from his address, send a message to the crypto community via Inscription...

If I were Satoshi Nakamoto, I would probably send the entire 1M BTC to charities around the world. I would not dare to appear and have my identity revealed for fear of endangering my life. Bitcoin has succeeded beyond all initial expectations  ;D

I have some questions for everyone: If you were Satoshi Nakamoto, what would you do?
  • Would you dare to appear in public?
  • Would you move 1M BTC and sell for USD?
  • Would you participate in the development and upgrade process of Bitcoin blockchain?
  • Would you agree to accept the invitation to El Salvador?
  • Wouldl you continue to stay anonymous and observe the development of Bitcoin?
  • Would you reveal this secret to your children before you die?

References:
[1] Who Is Satoshi Nakamoto?
[2] Why has Satoshi Nakamoto remained anonymous?

Note:
  • My opinion was posted first in that topic, on Bitcointalk
  • I leave the source link to avoid plagiarism accusation.
  • I excluded/ included minor things from an original thread if necessary.

If I was satoshi i would not tell anyone whom I am.
I would do what is already happening I would occasionally sell some coins.
I would not do anymore development for btc.
I would not go to el salvador 🇸🇻
I would hide myself and read about btc and crypto.
If I were married with kids I would eventually let them know the truth.


Lastly and not asked I would get involved with scrypt and merged mining of ltc/doge

it is a superior design to btc.
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Offline KingsDen

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Re: If you were Satoshi Nakamoto, what would you do?
« Reply #9 on: February 09, 2024, 08:36:36 PM »
    I have some questions for everyone: If you were Satoshi Nakamoto, what would you do?
    • Would you dare to appear in public?
    Appear to do what? I will only appear when it gets to the point that if I do not appear, bitcoin will be dead.


    • Would you move 1M BTC and sell for USD?
    Why, is bitcoin failing and what message will I be passing and what panic will the community have if I do so.

    • Would you participate in the development and upgrade process of Bitcoin blockchain?
    Satoshi could still be participating in the maintenance of bitcoin codes

    • Would you agree to accept the invitation to El Salvador?
    Only if I will reappear.

    • Wouldl you continue to stay anonymous and observe the development of Bitcoin?
    The best to do

    • Would you reveal this secret to your children before you die?
    Which secret?

    Offline MrSpasybo

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    Re: If you were Satoshi Nakamoto, what would you do?
    « Reply #10 on: February 09, 2024, 08:38:48 PM »
    If I were Satoshi Nakamoto, I would probably send the entire 1M BTC to charities around the world. I would not dare to appear and have my identity revealed for fear of endangering my life. Bitcoin has succeeded beyond all initial expectations  ;D
    This is just your expectation, when you have 1M BTC ~ $40B in hand, you may make a different decision 🤑

    There are many ways to stay anonymous, such as gradually transferring BTC to mixing services called BTC Mixer, from which you can receive clean BTC with no problem with their origin. Then you can simply liquidate them, without fear of being traced. I would also do this if Mixer services were safe and did not reveal information.

    However, this will affect the entire market, Satoshi's return could have a negative impact by weakening confidence in BTC's independence, even though Satoshi deserves that money for his creative efforts.
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    Offline Mr. Magkaisa

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    Re: If you were Satoshi Nakamoto, what would you do?
    « Reply #11 on: February 09, 2024, 09:16:39 PM »
           -   If I were Satoshi Nakamoto in real life at this time, for sure I would do what he did. For me, there is no point in revealing myself, because even though I haven't revealed myself yet, I am still popular, and the profit I get from what people have done by buying and increasing the value of Bitcoin in the market for more than a decade has passed.

    I'm already happy here, even with the Bitcoin holdings I have. I am satisfied with what has happened and what will happen with the rise of the Bitcoin price in the market in this field of the crypto space.

    Offline philipma1957

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    Re: If you were Satoshi Nakamoto, what would you do?
    « Reply #12 on: February 09, 2024, 11:12:50 PM »
    yeah I simply do not think he will reveal himself ever.
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    Offline debra

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    Re: If you were Satoshi Nakamoto, what would you do?
    « Reply #13 on: February 09, 2024, 11:27:33 PM »
    Would you dare to appear in public?
    Would you move 1M BTC and sell for USD?
    I think it is better to stay as anonymous. Appearing in the public may bring bad impact to Bitcoin as it may be no longer decentralized.
    Well, I won't sell all 1M BTC if I were Satoshi. This will ruin the price of Bitcoin in the market if selling all 1M BTC. But if selling small number of the Bitcoin, it is no problem.

    Would you participate in the development and upgrade process of Bitcoin blockchain?
    Would you agree to accept the invitation to El Salvador?
    Sure, I am sure Satoshi is participating in the development of Bitcoin although he is somewhere.
    What invitation? El Salvador makes it as a legal tender, it is okay as long as it brings positive impact in Bitcoin around the world.

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    Offline Dr.Bitcoin_Strange

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    Re: If you were Satoshi Nakamoto, what would you do?
    « Reply #14 on: February 09, 2024, 11:41:17 PM »
    If I was Satoshi which I know that it can never be possible but if I were him, seeing the level of success at which my project have grown to, I will not do any but just remain in hiding and with joy filled in my heart for how successful the technology have grown. If Satoshi is still alive, where ever he is, I believe he is living a very satisfying lifestyle that he wants.

     

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