Adam Back: Bitcoin’s value lies in its founder’s anonymity

https://cointelegraph.com/news/adam-back-bitcoin-value-founder-anonymity

11 Comments

  1. tldr; Adam Back, CEO of Blockstream, believes the anonymity of Bitcoin’s founder, Satoshi Nakamoto, is beneficial for Bitcoin. In an interview, Back noted that despite extensive research, Satoshi’s identity remains unknown, which he sees as a strength. This anonymity helps Bitcoin be perceived as a commodity rather than a security, unlike other cryptocurrencies with identifiable founders. Back argues that this perception supports Bitcoin’s status as both digital gold and a form of money, crucial for its long-term success.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. I totally agree with that. If one day the founder is revealed it will have a bad effect. But I am confident that Bitcoin is not a human creation. Like many other things.

  3. That’s a fun way of describing the looming legal troubles “Satoshi” will face if it’s a living solo human. The entire economy will collapse if a person is found to be personally responsible for this fiasco. **Earth doesn’t have enough prosecutors to find “the full extent of the law”** that has been broken by the creation of blockchain technology. Satoshi… is FUCKED more than any human has ever been. **So… yeah, lets not.**