Post
Topic
Board Bitcoin Discussion
Re: can satoshi kill bitcoin?
by
melvster
on 13/12/2013, 16:48:39 UTC
In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?

What can he do to make bitcoin valueless? What if he comes back and spread some ugly news about bitcoin? What if he comes back and sell all his bitcoins away? What if he comes back and say xxxcoin is the way to go? What is going to happen to bitcoin?

If satoshi is nsa or some scamming group, can he/they potentially use this power to control or destroy the whole world once bitcoin is accepted into the mainstream? If thats the case, all the mining gears, stock exchanges and all industry that builds around bitcoin will disappear in a day.

What if satoshi is a sadist or has emotional problems? are we all too naive to follow the tail of an anonymous person?

will that day every come?



Very little that he could do.  He could try and disrupt his own chain with his own coins by moving the market, or some kind of paid vandalism (e.g. buying up 51% of asics world supply)

All he has is the alert codes, but Gavin could change them if they were abused.

But that would be kind of foolish.  He's on his way to becoming the richest person in the world in 1-2 years if momentum continues.  You would suspect that he'd be incentivized for the project to be successful then.

I suspect he's probably working on something.  He may be with us under a new pseudonym of course.