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It's important because whoever Satoshi is controls a significant number of bitcoins [1]. This gives them a large ability to affect the market for bitcoins and

It's important because whoever Satoshi is controls a significant number of bitcoins [1]. This gives them a large ability to affect the market for bitcoins and is a potential risk if they ever choose to do so. I'm sure for many people, they'd like to protect their investments into bitcoin, so knowing the identity of Satoshi is important to them. [1] http://motherboard.vice.com/blog/bitcoin-mints-its-first-billionaire-satoshi-nakamoto http://motherboard.vice.com/blog/bitcoin-mints-its-first-bil...

joosters 13y ago
How does this relate to knowing who Satoshi is? Are you implying that Bitcoin investors should pressurise or threaten Satoshi in some way? That is disturbing...
- baq 13y ago
  he is one man that can destroy the market in one click.
- nwatson 13y ago
  If he/she dies their heirs will want to liquidate their estate. This event by far will lead to the largest flood of BTC on the market. Look for a big crash 0 to 40 years from now.
  - gnaritas 13y ago
    No one would dumb enough to ruin their own fortune by trying to liquidate it all at once, so no that's not going to happen.
- CitizenKane 13y ago
  Whoa, talking about going overboard. I'm implying no such thing. What I am saying is that if you're investing into bitcoin it's intelligent to know what you're getting into. Satoshi currently controls around 12% of all bitcoins. And even with the maximum number Satoshi will control 7% of all bitcoins. This is huge potential to disrupt the market and knowing what the person or people who are Satoshi might do has a potentially huge investment impact. Hence the reason that people have the desire to know who Satoshi is.
  - joosters 13y ago
    And you think that if you know the true name of Satoshi, you will have a chance of knowing what they might do? How exactly does that work? Will they suddenly put up their hand and say "Yup, it's me. From now on, I'm going to give advance notice of everything I will do that is bitcoin related" ? That makes no sense. So, there's a wallet with a large number of bitcoins in it. Does it matter who owns it? Is it likely that the owner (named or otherwise unknown) is going to give you a heads-up before they sell any?

joosters 13y ago

How does this relate to knowing who Satoshi is? Are you implying that Bitcoin investors should pressurise or threaten Satoshi in some way? That is disturbing...

baq 13y ago
he is one man that can destroy the market in one click.
nwatson 13y ago
If he/she dies their heirs will want to liquidate their estate. This event by far will lead to the largest flood of BTC on the market. Look for a big crash 0 to 40 years from now.
- gnaritas 13y ago
  No one would dumb enough to ruin their own fortune by trying to liquidate it all at once, so no that's not going to happen.
CitizenKane 13y ago
Whoa, talking about going overboard. I'm implying no such thing. What I am saying is that if you're investing into bitcoin it's intelligent to know what you're getting into. Satoshi currently controls around 12% of all bitcoins. And even with the maximum number Satoshi will control 7% of all bitcoins. This is huge potential to disrupt the market and knowing what the person or people who are Satoshi might do has a potentially huge investment impact. Hence the reason that people have the desire to know who Satoshi is.
- joosters 13y ago
  And you think that if you know the true name of Satoshi, you will have a chance of knowing what they might do? How exactly does that work? Will they suddenly put up their hand and say "Yup, it's me. From now on, I'm going to give advance notice of everything I will do that is bitcoin related" ? That makes no sense. So, there's a wallet with a large number of bitcoins in it. Does it matter who owns it? Is it likely that the owner (named or otherwise unknown) is going to give you a heads-up before they sell any?