Quote from: finaleshot2016 on November 10, 2024, 03:01:35 PM

Quote from: Kevystia on October 22, 2024, 08:31:27 AM

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?

Satoshi’s anonymity is actually a bit of a double-edged sword when it comes to cryptocurrency. Being a decentralized and the abscence of Satoshi makes it more trusted by the public because it's unknown and it's not related to any politics.

Of course if a person who controls a crypto is with politics, it can affect it, their politics decision might affect the cryptocurrency that will make it very useless, not tradable and prone to market manipulation.

On the other hand, some people might feel uneasy about it. Not knowing Satoshi’s identity can raise questions about intentions, not fully trusting it because they might lose money. So yahh, Satoshi's anonymity is a huge part for the crypto community.

Those who feel uncomfortable and distrustful of bitcoin just because they don't know the identity of its creator are ignorant of bitcoin. And if they don't have knowledge about bitcoin, it's best they don't invest in it because it won't do them any good either.

For those who have taken the time to learn about bitcoin and understand the purpose of satoshi's creation of bitcoin, they will feel satisfied that satoshi's identity remains unknown. Because this is not only good for his safety but also good for bitcoin. Because this is not only good for his safety but also good for bitcoin, and that is why you see that most people here do not want Satoshi to appear or his identity to be revealed.