Controversial thoughts on Satoshi Nakamoto’s treasury ⚱️
Much is being said about Bitcoin’s creator lately, due to the false claims from Craig Wrigth that he is the inventor of #Bitcoin.
He, she or they, whomever #Satoshi actually is. This topic should not bother anyone. The greatest invention of our time, digital, peer-to-peer money with no trusted intermediary was given as a gift to humanity and should be all that matter.
🥷🏻 Satoshi did not premine any coin for himself. He did not allocate bitcoin to a company’s foundation. He created and made available to the world the best money ever invented without looking for any personal recognition or acknowledgment. His only desire is to remain anonymous. And many people are just trying senselessly to attribute a face to him/her/them.
When people ask me “How can you trust money which has been invented by someone anonymous?” I always make efforts not to care, while I point at the brilliance and simplicity of the system he has created. Bitcoin operates on a #transparent, #decentralized #ledger where trust is not placed in any single individual but in the collective power of the network's participants ⚡️, which are expending energy to keep it decentralized and secure.
Others seem to be worried that Satoshi’s wallet contains approx. 1 million bitcoin. This is true. Satoshi’s wallet has only accumulated btc in the early days, mining ⛏️ the coins like anybody can do, and never spent any output – it is one of those few wallets appearing in the #Hodl waves with holding time > 10 years.
In his communications with the cypherpunk community, Satoshi defined any lost coin as a “donation to other bitcoin holders” as that btc supply remains inaccessible and is therefore contributing to increase the value of the other coins.
For how I see it, Satoshi’s wallet could be activated 10 or 15 years from now and could be the catalyst to drive price down 📉 from $ 1,500,000 a coin to $ 300,000 a coin.
Would this change my view on the reliability of the Bitcoin network or Bitcoin’s value proposition? NO.
I would see this as an additional gift to humanity, considering that coins available by then will only be those who are left to be mined, and Satoshi’s 1 million bitcoin could improve the distribution of coins in the world and allow many “plebs” to increase their bitcoin position. 🔅
In the end, Satoshi's anonymity and the mystery surrounding his identity serve as a testament to the decentralized and #trustless nature of Bitcoin itself. Satoshi’s wallet, whether will be activated or not, ultimately represents an opportunity for redistribution and further decentralization within the Bitcoin ecosystem.
Whether these coins remain dormant or are eventually reintroduced to market, their impact on the network's integrity and the principles of decentralization will be nil.