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Author Topic: What would happen if the real Satoshi Nakamoto came out in public?  (Read 7508 times)

Online doc

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #45 on: November 16, 2024, 10:21:09 PM »
Since Satoshi Akamat is so far anonymous to everyone, if he ever really comes out in public in the future, no one will accept him as Satoshi.  Because people have information about the founder of Bitcoin that identifies Satoshi as an alien ha ha. I really don't know how the public will accept Satoshi Nakamat if he ever comes out and if he ever comes out.  Because no one even knows if he is still alive
Currently Sathosi is on vacation and enjoying the results of his past thoughts and I am sure that Sathosi will never appear. He will remain hidden behind his identity as anonymous, the founder of Bitcoin. Because we know that he is very rich now, why should he appear if there will be many problems chasing him if his identity is known, including the taxes he must pay for having a large amount of Bitcoin.. hahah

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #45 on: November 16, 2024, 10:21:09 PM »

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Offline enwi

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #46 on: November 16, 2024, 10:51:04 PM »
Currently Sathosi is on vacation and enjoying the results of his past thoughts and I am sure that Sathosi will never appear. He will remain hidden behind his identity as anonymous, the founder of Bitcoin. Because we know that he is very rich now, why should he appear if there will be many problems chasing him if his identity is known, including the taxes he must pay for having a large amount of Bitcoin.. hahah
We are also able to identify that anonymity of Satoshi Nakamoto was reasonable because the problems that may occur if his identity was disclosed. In a place where he has built something with worldwide relevance, hiding it may have been a way of resisting the attention that sometimes comes with responsibility, or legal ramifications. Since his wealth was without doubt large, his presence might have resulted in requests for his money and for social contact where none was required. Maybe deciding that his work is more important than his ego and removing himself from any relation to it was his strategy to make the rest of the world not give a damn about his motivations, but rather appreciate the utility of what he came up with.

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #46 on: November 16, 2024, 10:51:04 PM »

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Offline pieppiep

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #47 on: November 16, 2024, 10:53:36 PM »
Yes, Satoshi has hidden his identity and is difficult to track, I also would not believe if someone announced himself as Satoshi Nakamoto, because it could be fake. If Satoshi appears it will be risky, because there are still many countries that oppose Bitcoin and maybe the government currently allows Bitcoin as an investment but maybe not for Satosi to be allowed to reveal his identity.
If we assume that Satoshi Nakamoto unveils his identity, it has following disadvantages which cannot be disregarded though the fate of Bitcoin still depends on the world governments’ decisions ranging from mere attention to legal ban of this cryptocurrency. If there are practical applications of this new bit-coin technology that is even better, Satoshi need not be known because this resembles the operations of the man behind the mouse in wizard of Oz more than anything else. The doubt about the general approval also contributes to why Satoshi has to stay anonymous because more focus can turn the subject away from his developments to his problems that could create new controversies.

Offline dekafee79

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #48 on: November 17, 2024, 12:01:09 AM »
Alternatively he can send out some bitcoin from his holdings to other wallet, then he can signed a massage on Bitcointalk forum to prove that he is the one, with that we know he is the real satoshi. Although revealing himself won't be a difficult task as I know when he is talking we would all know he is the one instead of those who are so much desperate to take his position and claiming they are the real satsohi while they are not.
Sign message seems not require if can proof him self by sending bitcoin to other wallet based on his own wallet have been offline or not transaction yet for long term. I don't sure although one day later any activities transfer of his own wallet keep private him self and Satoshi Nakamoto never show him self to public how to private with how much assets having.
The same comparison when some one having much assets in their wallet will private as possibility and never talk to public with how much bitcoin having, I believe Satoshi Nakamoto never come top public any more regarding how many bitcoin still hold in his wallet.
Yes he can't come openly to make pronouncement about his bitcoin creation and there is nothing wrong with him coming openly, again as creator of bitcoin he can do everything to make sure his privacy remaining unveiled till he seens some level of security and trust that people can comfortably use it both openly or maybe when he sees that people has started using bitcoin as fiat and not necessarily mean that it would on a constant but in a way that people are more friendly with it.
After reading the comments above, I think I agree with the comment that said Sathosi should not show himself and remain a hidden figure behind the success of bitcoin. because maybe many governments are targeting him to show how his creation can change the minds of many people.
The decentralized system is also feared by the government, because if it is used for illegal activities the government cannot control it, because we know that bitcoin cannot be tracked.

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #49 on: November 17, 2024, 10:35:21 AM »
Alternatively he can send out some bitcoin from his holdings to other wallet, then he can signed a massage on Bitcointalk forum to prove that he is the one, with that we know he is the real satoshi. Although revealing himself won't be a difficult task as I know when he is talking we would all know he is the one instead of those who are so much desperate to take his position and claiming they are the real satsohi while they are not.
Sign message seems not require if can proof him self by sending bitcoin to other wallet based on his own wallet have been offline or not transaction yet for long term. I don't sure although one day later any activities transfer of his own wallet keep private him self and Satoshi Nakamoto never show him self to public how to private with how much assets having.
The same comparison when some one having much assets in their wallet will private as possibility and never talk to public with how much bitcoin having, I believe Satoshi Nakamoto never come top public any more regarding how many bitcoin still hold in his wallet.
Yes he can't come openly to make pronouncement about his bitcoin creation and there is nothing wrong with him coming openly, again as creator of bitcoin he can do everything to make sure his privacy remaining unveiled till he seens some level of security and trust that people can comfortably use it both openly or maybe when he sees that people has started using bitcoin as fiat and not necessarily mean that it would on a constant but in a way that people are more friendly with it.
After reading the comments above, I think I agree with the comment that said Sathosi should not show himself and remain a hidden figure behind the success of bitcoin. because maybe many governments are targeting him to show how his creation can change the minds of many people.
The decentralized system is also feared by the government, because if it is used for illegal activities the government cannot control it, because we know that bitcoin cannot be tracked.
Yeah that's true though with Trump winning the election and him giving much attention to bitcoin I didn't have that convinction that he is doing that to pull out the creator of bitcoin or trying to used tricky way to pull out Satoshi. Satoshi himself knows that government are the worse sets of betrays and can do all it take to achieve what they have been sourcing for. It's just like them using sweet mouth to source for a wanted person and after having seen him they would turned back against him, there I am also on the opinion that Satoshi shouldn't in any means showcase himself right because I think now is not the right time frame to display himself as creator of bitcoin.

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #50 on: November 17, 2024, 01:27:49 PM »
---
What do you think when Satoshi Nakamoto succeeds in proving that he is the real one and then appears publicly?
Will the cryptocurrency market collapse or will it actually improve? I like the wild logic that might be in your mind.
Isn't Satoshi Nakamoto came out in public already? Satoshi came out by the name of Craig S. Wright aka Fake-toshi-t. :D

Kidding aside, I believe it will cause more harm than good especially with Satoshi's security. How many on us here are still excited to know the real identity of Satoshi? I'm not interested nor excited anymore because I already put into my mind that Satoshi will not reveal his/her/their true identity because that will cause security problems. For sure, many criminals will try to get those 1 million Bitcoins that Satoshi owned. That alone is enough reason as to why I don't think that this isn't happening.

Now to answer your question though, this kind of news is a positive one (for me) hence, it might pump the market even higher, and it might cause the price of Bitcoin to go up suddenly if the "REAL" Satoshi Nakamoto come in public.

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #51 on: November 17, 2024, 08:34:56 PM »
If Satoshi decides to reveal his identity to the world, two outcomes are likely: either the crypto market will skyrocket or it will crash. Regardless of which scenario occurs, we are prepared for it. However, it would be unfortunate if Satoshi chose to reveal himself, as it could pose significant risks to both him and his family. I believe Satoshi is wise and intelligent enough to avoid such a course of action. I don't think he would make the mistake of exposing himself and becoming a target on the radar of global authorities.

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #51 on: November 17, 2024, 08:34:56 PM »


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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #52 on: November 18, 2024, 05:36:01 PM »
If Satoshi decides to reveal his identity to the world, two outcomes are likely: either the crypto market will skyrocket or it will crash. Regardless of which scenario occurs, we are prepared for it. However, it would be unfortunate if Satoshi chose to reveal himself, as it could pose significant risks to both him and his family. I believe Satoshi is wise and intelligent enough to avoid such a course of action. I don't think he would make the mistake of exposing himself and becoming a target on the radar of global authorities.
I think the collapse will come when Satoshi becomes a point of weakness in the BTC network in terms of trust, because Satoshi anonymity is one of the important factors that create value for BTC today: we only trust the protocol, we don't have to put our trust in a person.

However, in the future, when BTC is widely accepted and more decentralized, I believe that the appearance of Satoshi is not something to be afraid of for the future of BTC because Satoshi only has 1M BTC, Satoshi cannot touch the BTC in the accounts of the US government or mine. At that time we will have many more interesting stories to follow, for example about the team that created BTC, about their initial views and vision...
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Offline nakmantu99

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #53 on: November 18, 2024, 07:40:40 PM »
If Satoshi decides to reveal his identity to the world, two outcomes are likely: either the crypto market will skyrocket or it will crash. Regardless of which scenario occurs, we are prepared for it. However, it would be unfortunate if Satoshi chose to reveal himself, as it could pose significant risks to both him and his family. I believe Satoshi is wise and intelligent enough to avoid such a course of action. I don't think he would make the mistake of exposing himself and becoming a target on the radar of global authorities.
It would be better if Satoshi did not reveal his identity, because the worst possibility is that bitcoin will experience a price drop and maybe he will be chased by several parties to open the decentralized system. because the government of big countries must be looking for him. So far they are curious about the technology used by bitcoin and bitcoin has become more expensive and more famous

I think the collapse will come when Satoshi becomes a point of weakness in the BTC network in terms of trust, because Satoshi anonymity is one of the important factors that create value for BTC today: we only trust the protocol, we don't have to put our trust in a person.

However, in the future, when BTC is widely accepted and more decentralized, I believe that the appearance of Satoshi is not something to be afraid of for the future of BTC because Satoshi only has 1M BTC, Satoshi cannot touch the BTC in the accounts of the US government or mine. At that time we will have many more interesting stories to follow, for example about the team that created BTC, about their initial views and vision...
I agree with you, it is likely that bitcoin will collapse if satoshi's identity is revealed.
And maybe what you said is right, when bitcoin is increasingly accepted in all countries the emergence of satoshi will not have an impact in the future, but not for now



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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #54 on: November 18, 2024, 08:43:33 PM »
Currently Sathosi is on vacation and enjoying the results of his past thoughts and I am sure that Sathosi will never appear. He will remain hidden behind his identity as anonymous, the founder of Bitcoin. Because we know that he is very rich now, why should he appear if there will be many problems chasing him if his identity is known, including the taxes he must pay for having a large amount of Bitcoin.. hahah

I still don't understand the obsession of people with knowing Satoshi. We all see Vitalik everyday, walk into crypto seminars and summits but it doesn't change anything about Ethereum, not like it make it special, even if Satoshi comes out openly it wouldn't change anything to Bitcoin price rather government will want to try funny moves.

We enjoy his anonymous like this way, instead if people foaming and are eager to know him, they should use the energy to worry about some small groups that has millions of Bitcoin in their wallet, the should free Satoshi.
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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #55 on: November 18, 2024, 08:44:26 PM »
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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #56 on: November 18, 2024, 09:42:22 PM »
If Satoshi decides to reveal his identity to the world, two outcomes are likely: either the crypto market will skyrocket or it will crash. Regardless of which scenario occurs, we are prepared for it. However, it would be unfortunate if Satoshi chose to reveal himself, as it could pose significant risks to both him and his family. I believe Satoshi is wise and intelligent enough to avoid such a course of action. I don't think he would make the mistake of exposing himself and becoming a target on the radar of global authorities.
Everything you've said is just the fact. Considering the regulatory aspects too, Satoshi would face lots of pressure from the government and this might give room to the government to regulate bitcoin through Satoshi. The moment Satoshi decided to remain anonymous, he gave everyone else the opportunity to contribute to the network's growth. Satoshi is indeed wise to have remained anonymous, thereby making the decentralization principle of bitcoin very much achievable. If Satoshi was to be known and very much active too, people won't have that much confidence to contribute to the growth of the Bitcoin network. The truth is, Satoshi's anonymity is one of butcoin's greatest strengths.
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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #57 on: November 18, 2024, 10:46:48 PM »
As I have said it before. If the identity of Satoshi Nakamoto known in the public, it will affect bitcoin the matter what. Many people don't understand this capitalist conflict will say nothing will happen to bitcoin. Let me tell you, normally government is not fighting against bitcoin because government is not part of the business circle and they are only providing enabling environment for the citizens to do business, but are you among the citizens? No. Government does not recognize you as a citizen but the capitalist. World Bank is own by an individual and not government but it is the US government that is protecting the interest of the world bank. That is a capitalist hand work.

If Satoshi Nakamoto is publicly known, they will join forces to make sure that bitcoin comes down to zero. At first he will be arrested and different charges will be level against him.so it is better this way.
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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #58 on: November 19, 2024, 09:09:24 AM »
I think the identity of Satoshi Nakamoto should remain hidden, because a lot of issues will spring up once his or her identity is known.
The Anonymity of Bitcoin inventors drives decentralization and the more he/she remains anonymous the better for the ecosystem. I think there is no need for Satoshi Nakamoto unmasking he or herself, because it will lead to unnecessary crisis, especially the price of Bitcoin which may likely dump.

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Re: What would happen if the real Satoshi Nakamoto came out in public?
« Reply #59 on: November 25, 2024, 04:26:49 PM »

 
I am sure that Satoshi Nakamoto and his identity, whereabouts and other details will continue to be a very HOT topic in the Bitcoin and cryptocurrency community. People are inclined to speculate on where he is now, if he is still alive and what if one day he would surface to surprise all of us. Now, if there can be the best time for the guy (assuming Satoshi is not a group of people) it it would be during the next Trump administration which can be considered as crypto-friendly and he would never be touched, arrested and jailed by the government and can be welcomed as a HERO.

 

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