The post Exposing Satoshi Nakamoto’s real identity would cripple the entire crypto industry appeared on BitcoinEthereumNews.com.

Satoshi Nakamoto. That name has been driving the world crazy for over a decade now. Who is it? A single person? A group? A man? A woman? An American? A brilliant Japanese recluse? A government? No one knows. Bitcoin’s creator is hiding perfectly well behind that pseudonym. A recent HBO documentary that aired on October 8 said that Peter Todd, a prominent cryptographer and early Bitcoin contributor, is Satoshi.  But it is a claim so absurd that the community has been having a laugh about it for days now, with memes.  Is the Peter Todd claim a joke? Now here’s the thing. If we ever find out who Satoshi really is, it won’t just be another fun piece of trivia. It would blow the whole industry apart. Bitcoin and the entire market could come crashing down. The very anonymity that has kept Bitcoin decentralized and free of any single person’s influence would be gone. Imagine the sheer chaos if Satoshi’s identity were revealed, especially if that person holds the rumored 1.1 million BTC, worth about $66 billion today. You don’t need to be a genius to see the disaster that would cause. The evidence that HBO put forward to support their ridiculous claim was Todd’s involvement in Bitcoin’s early days and his use of pseudonyms, just like Satoshi. But Todd isn’t having it. He’s called the idea “ludicrous.” We’ve been through this before, after all. People have been throwing out names for years, and no one’s gotten it quite right yet. Still, the fact that we’re even talking about this shows how much interest there still is in finding Satoshi.  Satoshi’s identity would destroy Bitcoin Here’s the nightmare scenario. Satoshi’s true identity is revealed. Remember, this person or group controls 5% of all Bitcoin that will ever exist. Traders would…

---

Filed under: News - @ October 10, 2024 8:27 am