Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin fail if Satoshi is found?
by
bounceback
on 14/01/2020, 12:42:59 UTC
It's now 10 years since Bitcoin was created, yet many people are wondering who Satoshi Nakamoto might be. It's still today, where the creator of Bitcoin has hidden his/her identity well from the general public. All attempts in finding who created the world's most popular cryptocurrency have failed so far. But we all know that there's no such thing as 100% anonymity. A slight error in covering tracks, could expose your identity within the mainstream world.

Now, imagine if the real Satoshi's identity is found. If he/she is still alive, governments would be on his/her tail to put him/her in jail or even pay a hefty sum of taxes. Once this happens, Bitcoin might fail within the mainstream world. Of course, the community is what makes Bitcoin great. But I'm sure that the reveal of Satoshi's identity will have an influence (either positive or negative) over the cryptocurrency's price and reputation worldwide.

What are the odds of Bitcoin's survival once Satoshi is found? Will it continue to operate as is? Or will it fail in the long run? Huh

in my opinion if the government finds the original satoshi maybe bitcoin will slowly fade because of course the government will encourage satoshi nakamoto so that bitcoin can be controlled by the central government and other organizations, and when all that happens it is very possible for investors or bitcoin holders will take over to other crypto.