The price would probably pump, because the fear of some guy having 1 million coins would not be there again. Some are worried that whoever satoshi is goes insane and dumps 1 million coins into the market and whatnot. But then again, his coins could be stolen.. so I think it would change nothing. It may be a non event, then again markets can act irrational so who knows. I don't think long term it would change anything.
Bitcoin is already owned by investors so it will not affect anything if its inventors like sathosi nakamoto die, thanks for finding a profitable digital money.
This may be bad news but will not impact anything with bitcoin value.
This may be bad news but will not impact anything with bitcoin value.
It should come as little surprise that this news wouldn't elicit any kind of response from the majority of Bitcoin users. Those closest to Nakamoto, perhaps, would feel some sadness, those who've always known privately wouldn't anyway be open to displaying their responses.
The only information this confirmation would help confirm is if his death also meant the certain loss of 1 million Bitcoin, in which case the max cap would have been reduced by almost 5%.
The only information this confirmation would help confirm is if his death also meant the certain loss of 1 million Bitcoin, in which case the max cap would have been reduced by almost 5%.
1. Bitcoin technology doesn't belong to Satoshi any more. So - same old.
2. Satoshi could destroy Bitcoin with one click of his mouse if he decides to sell his Bitcoin stash. Oh wait he is dead....
3. Who cares? Everyone is in this for the money.
2. Satoshi could destroy Bitcoin with one click of his mouse if he decides to sell his Bitcoin stash. Oh wait he is dead....
3. Who cares? Everyone is in this for the money.
If Satoshi is dead, he will become a symbol or even a legend with time
But he is likely already a legend, and even more so if no one finds out about him. Though this is unlikely, there should be folks who know for certain who is the guy behind this name, and they will make a clean breast sooner or later (when their time comes). Regarding the questions in the OP, Bitcoin technology is not tied to just one person (in other words, there's no single point of failure), so everything will go on as per usual. The market sentiment can be confused, though. On the one hand, his coins would be essentially left for dead, which would mean the fears of them being dumped will vanish over time (provided there were any, in the first place, of course), while on the other, the markets may feel somewhat depressed and some folks may choose to dump their coins (but not many, anyway). The community won't be quite happy, obviously. I guess the majorly would choose if Satoshi remained incognito till the end of days (or at least, till the end of Bitcoin)
But he is likely already a legend, and even more so if no one finds out about him. Though this is unlikely, there should be folks who know for certain who is the guy behind this name, and they will make a clean breast sooner or later (when their time comes). Regarding the questions in the OP, Bitcoin technology is not tied to just one person (in other words, there's no single point of failure), so everything will go on as per usual. The market sentiment can be confused, though. On the one hand, his coins would be essentially left for dead, which would mean the fears of them being dumped will vanish over time (provided there were any, in the first place, of course), while on the other, the markets may feel somewhat depressed and some folks may choose to dump their coins (but not many, anyway). The community won't be quite happy, obviously. I guess the majorly would choose if Satoshi remained incognito till the end of days (or at least, till the end of Bitcoin)
Are you lot stupid?
Ever heard of Wills, inheritance, etc?
Satoshi would have left it to his children and they will start selling to buy flashy homes and cars. The children may not realised their dad invented Bitcoin. They will come on here and see the ungrateful fuckwits making negatives comments and go "fuck you you ungrateful twats" and dump 5000 BTC per week.
Now that would be fun
