Post
Topic
Board Bitcoin Discussion
Re: Why doesn't Satoshi reveal their identity?
by
Kelward
on 04/11/2024, 08:57:41 UTC
How does Satoshi's anonymity affect the trust of users and investors in the Bitcoin network? Can this anonymity be considered an asset or a drawback for the legitimacy of the cryptocurrency?
Knowing that Satoshi's wallet has not been assessed for a long time gives the confidence that he didn't create Bitcoin just to become rich. His anonymity also proves he wants the system to be truly decentralised. Trusting a system that runs smoothly without the identity of the creator is better because a known inventor can easily influence the product. So Satoshi's facelessness is an asset to Bitcoin.
Bitcoin is the valuable asset that it is today because it's creator Satoshi Nakamoto, decided to practice what he created Bitcoin to be, and that is a decentralized digital currency. His anonymity has proven that he wants Bitcoin holders to be in total control of their asset, no centralized authority or even him can claim ownership of Bitcoin or it's network. Every aspects of Bitcoin are controlled by people whom you and I don't have to know, so there's no intimidation about the influence of the creator or people that runs the network. I hope that Satoshi, continues to remain anonymous to proof that Bitcoin is truly decentralized.