Quote from: franky1 on March 21, 2022, 04:07:43 PM

Quote from: JohnBitCo on March 21, 2022, 11:34:00 AM

One of the reason for high trust on bitcoin is that the bitcoin owner Satoshi identity is hidden. If all of sudden Satoshi come in the public and his identity is revealed, do you think it will have a bad impact on the bitcoin price and it can dump? Or do you think that bitcoin price will pump on this revelation? Mind you that i am talking about the real satoshi, not the fake ones claiming themselves to be satoshi.

THE reason of high trust of bitcoin is that there is no hidden code, no back door. no red button that can cause an instant sell off of all coin by any reference client dev

the "reference" client everyone follows is open source. (even if there is a hierarchy to who gets to edit or add code decisions)

the only issue remains, is that core is deemed the "reference" / core client everyone should follow and there is only a couple 'maintainers' that have the github privilege to merge code into final release candidate software versions which everyone follows.

but satoshi is not one of those maintainers, so it doesnt mean anything to the code/trust of the spftware if satoshi is found or not.
.. infact the real identity of the current core maintainers is known and no one actually cares about their privilege of merging code.
no one is in fear that those maintainers could be arrested and forced to hand over their github logins for interference purposes of changing code

i do not believe that satoshi wanted to intentionally hoard and keep the private keys of his 2009-10 activities. because back in his day the coin had no significant value, thus they had no worth in hoarding

i believe due to making code edits and updates he probably lost alot of private keys or never intended to keep them in the first place. and so even if found. as long as no one finds his private keys or forces him to spend the coin. then the price will not change directly.

of course emotional speculation of social drama will cause some kind of indirect change. but that would be just a 'famous for 5 minutes' temporary price pump/dump. and become a meaningless wiggle on the price chart after a few days of correction

but with that said, i do not believe the creator kept wallet backup's of keys and so cant sign any utxo to spend coins nor even sign any message to prove himself(the only proof the community will accept) and so the creator will never be found/proved

I really believe and have considered almost everything franky1 posted above.

I never considered that Satoshi may have voluntarily removed him/her self from
the project at an opportune time without leaving any chances of claiming ownership
of mined coins, this for the benefit of the project. Satoshi was definitely a forward planner,
they would have to be to create Bitcoin in the first place.

So yea if it ever arose that Satoshi's identity was discovered or it was revealed
nothing would change in relation to the day to day operation of the protocol, but
the speculation in the market would be definitely noticeable.....short term.