Post
Topic
Board Bitcoin Discussion
Re: Why doesn't Satoshi reveal their identity?
by
serjent05
on 04/11/2024, 13:05:33 UTC
snipped
I don't care about it and as a Bitcoin investor, I care more about policies from governments that can affect me and my personal finance. Like Capital Gain tax on Bitcoin, recent months there are some countries with proposals to force their citizens pay tax even they're holding bitcoin and not yet cash it out for profit.

It's very fearful policy if it is enforced by law and tax authorities and if it spreads more globally to other countries.

I agree it is frightening to think such a scenario but, we all know that these things are inevitable.  Unless we move to a place that is not of any government jurisdiction (might be hard to find if not impossible).  Every citizen is subjected to the government's laws and policies, so there is nothing to do but abide if we don't want to have problems.  Whether we like them or not fear them or not, we have to follow what is stated according to the law.

Let us hope that if ever, the government implements a fair law on cryptocurrency holders that can benefit the government and is not abusive to the citizens who hold cryptocurrency.

Quote
For users and holders, the significant amount of Satoshi's holdings' threat to crash the market had been eased out due to his being absent.
Satoshi Nakamoto if is still alive and has access to his bitcoin, will have no reason to dump all of his coins on the market. He has no reason to sell all because he won't be able to use all of such massive money after cashing out. As a Bitcoin founder, it's reasonable if his main priority is holding his bitcoins.

Indeed yet we cannot deny the fact the fear circulating the market of the thought if Satoshi insta dumps his holdings, the threat does not disappear but somehow as I stated is eased out due to his inactivity.  Whether he is alive or dead, who knows....