How Would Revelation of Satoshi Nakamoto’s Identity Impact Bitcoin?
Satoshi Nakamoto, the psuedo anonymous creator of Bitcoin has been a topic of fascination for almost a decade. The creator of Bitcoin decided to remain anonymous and let his invention take the driving seat.
There have been numerous attempt to put a face to the name of Satoshi, but nothing concrete has come out of it. However, it is being speculated that a certain few in decentralized space actually know who the real creators of the Bitcoin phenomenon.
There have been multiple attempts by many people to proclaim that they are the original creator of Bitcoin. However, none have been able to provide anything concrete. Among all the imposters who have tried to pass off as the Bitcoin inventor, one name stands out from the rest for the sheer persistence that the man has shown, and he is none other than n-Chain’s lead engineer Craig Wright.
Wright made his first attempt to pass off as Satoshi by signing the Genesis block with the private key, which is believed to be only with the original creator. However, the scam that Wright tried to pull off was debunked almost immediately, when analysts suggested that all Wright did was copy the signature from one of the earliest transactions made on the network.
Wright did not seem to be phased out by the fact that his lie has been exposed and continued several other attempts which included a modification in one of his research paper to make it sound like the white paper of Bitcoin, using the hacked social media account of Satoshi and lately he testified under oath after all doors seemed closed.
However, the decentralized world is pretty certain that Wright is not even remotely related to Satoshi, as analysts have compared the writing style of Wright with that of original Bitcoin Whitepaper, and did not find any similarities or parallels between the two. Wright’s continuous attempts to proce that he is Satoshi has earned him the nickname Faketoshi.
John McAfee Suggest He Knows Who is the Real Creator Of Bitcoin
John McAfee, the man behind the software giant McAfee anti-virus has been living in an excile for quite some time now. He is evading the arrest for crypto tax evasion, which he believes is theft by the government. McAfee is also a presidential candidate for 2020 elections. He continuously interacts with his followers to give them an update on his daily life living in exile and also run his presidential campaign living in exile.
Recently, he has been hinting towards the fact that he knows the real identity of Satoshi Nakamoto and he is planning to reveal the identity very soon. He also hinted that apart from him, there are a few other in the crypto space who are aware of the identity of the Bitcoin creator.
This has led to a massive debate whether it would be right to reveal the identity of a man who is behind the financial revolution triggered by Bitcoin, and decided to remain anonymous throughout his life. The debate also ranges towards what would be the impact of Satoshi’s identity revelation on the value of Bitcoin. Some say the Bitcoin prices would touch new heights, while others believe the identity revelation would plunder the value of Bitcoin.
So, does the identity of Bitcoin’s creator really matter or even if we come to know who the real Satoshi is, would it really have any impact on Bitcoin prices? We will try to analyze different developments in the decentralized space and see whether the identity of Satoshi holds the key to Bitcoin’s future.challenge
Bitcoin Prices Might Not Get Affected At All
Every Bitcoin and crypto enthusiast must know that Satoshi might have decided to remain anonymous for a number of reasons, maybe he/she was an introvert who was looking to help the society and did not really care for the validation from the community, or was afraid that the government might tighten its noose around him/her if they knwo that he?she is working towards a financial system which would challemnge the government head-on.
There is no certainty over the reasons behind the anonymity, but the motive has been already fulfilled.
Bitcoin is not just fulfilling Satoshi’s vision of a decentralized peer-to-peer cashless network providing financial independence to those who use it, but it has surpassed all predictions of its future. As of today, Bitcoin is doing wonders as a cross-border payment portal as well as a lucrative form of investment option.
It is true that the crypto markets used to be one of the most volatile markets and usually driven by PR buzz and media coverage. The high volatility accounted for heavy risks as an investment option, which made traditional investors from wall street to refrain from investing in the crypto space.
However, things have changed since 2018s longest crypto winter, as many traditional players have either started to invest in digital assets or are looking to do it in the near future. Many financial and trade market analysts believe 2018 bear markets might have ruin havoc for late crypto investors who ju8mped on the crypto bandwagon after 2017 price peak, but it did a world of good for traditional financial institutes and investors as it cut down the volatility factor significantly and ended its bubble-like behavior.
Thus, we can say that the crypto trade market is more mature than it was during the 2017 price peak, and this is the reason many believe that the prices of Bitcoin won’t be heavily impacted due to the revelation of Satoshi’s original identity.
Even if the revelation does create some market trends it is expected to be bullish, since there is a lot of curiosity among the community members to know who the original creator of Bitcoin is, as the number of imposters is growing by the day. However, whoever is going to reveal the identity must take consent from the man himself.
Satoshi Nakamoto's original identity has become an enigma in the crypto space, as many have claimed to be him, but none has come even close as an imposter.
While the current sentiment in the crypto space suggest that there are plenty who are inclined to know the real identity of the Bitcoin creator, however, as a true Bitcoin enthusiast one must respect the decision of the creator who chose to remain anonymous even when Bitcoin was at its peak and many other developers became overnight stars by creating their own altcoin, using Bitcoin as an inspiration.
Thus, one must understand that Bitcoin promotes privacy and the anonymity behind its creator give it the necessary essence in this day of hogging others limelight. Everyone who wants to know the identity of Satoshi must ask themselves,:
“What would happen after we come to know who Satoshi is, would it have a positive impact on the crypto space”