Post
Topic
Board Bitcoin Discussion
Re: The real enemy of bitcoin
by
Yatsan
on 20/10/2024, 18:38:47 UTC
I see those who are desperate to know who Satoshi is and to reveal his identity as the real enemy of bitcoin. Real bitcoiners don't have that time to go for a search to know who Satoshi is. Bitcoiner are much interested to invest bitcoin and they understand what privacy is all about. What will be the gain if you reveal who Satoshi is? It means you want the privacy of bitcoin to be reveal too.

I see your point entirely and concedes that the quest to find the identity of Satoshi Nakamoto often diverts from the true nature of Bitcoin. Its greatest appeal is in its structure of governance and the powers it gives users to maintain its identity. Personal and manages their own assets Satoshi's anonymity does not reflect this principle. It emphasizes that the internet doesn't depend on any individual.

Of course, knowing the identity of Satoshi doesn't change the fact about Bitcoin's technology or its value. The protocol is already good to go without needing any intermediate computation to be done. So, Satoshi's disclosure may be uncalled for and bring unnecessary protests or even legal issues that may not go well with Bitcoin's decentralization. As you said, pure Bitcoiners are interested in what Bitcoin can accomplish-financial independence. Accounting resistance and privacy Maybe instead of trying to expose Satoshi it's more important to protect the values ​​of Bitcoin and let the technology speak for itself.

They are enemies of themselves, not enemies of Bitcoin because curiosity and overthinking have actually taken over their minds and consumed a lot of their time tryiing to solve one of the mysteries that no one has been able to answer for many years.

If they had cared about the technology introduced by the founder of Bitcoin and learned its basics, and succeeded in becoming professional investors and traders by educating themselves and asking questions that would bring them benefit, they would have been more rational than that. Does it make sense for the founder of Bitcoin to create a complete and cohesive decentralized system to protect users’ privacy, only to reveal his own identity while regulatory bodies, governments, and central bankss are fighting against user privacy? I do not see any justification for him to do so, and even if they succeed in identifying him—which will never happen— I am convinced this will remain a mystery for life. So, don’t worry. Bitcoin will not break its privacy or collapse due to the nature it was created with, but it may face pressures from central and legal entities.

Completely agree with you! Issues of the anonymity of Satoshi only give less emphasis to the real core of the point of Bitcoin-however, it is the technology that matters most in the light of other peoples investigation. How terrific it can protect user privacy and work pretty much as a substitute for traditional financial systems?.

Instead of digging into mysteries that are hard to understand, those curious minds would find better learning the basic aspects of Bitcoins regarding safety, trading, and financial technology. More insight about the benefits offered by Bitcoins opens a broad door to financial freedom. After all, the value of Bitcoins does not reside within the creator. But within its revolution in the financial world. I also believe that the anonymity of Satoshi will extend to what Bitcoin will represent, especially when such measures are largely considered by governments and financial institutions in terms of privacy and decentralized currencies. It's almost as if the research by Satoshi is undermining the basic logic of Bitcoin itself.