Is Satoshi A Threat To Bitcoin?

𝐋𝐞𝐚𝐫𝐧 𝐭𝐨 𝐛𝐮𝐲 𝐚𝐧𝐨𝐧𝐲𝐦𝐨𝐮𝐬 𝐁𝐢𝐭𝐜𝐨𝐢𝐧:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss what the return of Satoshi Nakamoto might mean for Bitcoin.

The potential sale of up to 1 million BTC would not be the real problem, since Bitcoin is liquid enough by now to absorb a seller this large.

Also, owning more Bitcoin does not give you any extra control over the protocol, as it would if Bitcoin were proof of stake, instead of proof of work.

The real problem would be the return of the founder, who could then become a single point of attack for the protocol, or who could wield the bully pulpit and tell Bitcoiners what to think or do.

The return of Satoshi could definitely jeopardize Bitcoin's decentralization and neutrality.

Bitcoin is a digital commodity at this point. It doesn't require a leader anymore than gold requires a leader.

I'm very grateful to Satoshi for not only creating Bitcoin, but also for having the foresight and lack of ego to be able to disappear and never move or sell a coin.

Not investment advice! Consult a financial advisor.

Hal Finney on receiving the first Bitcoin transaction:
https://bitcointalk.org/index.php?topic=155054.0

Vitalik dumps:
https://themerkle.com/ethereum-developer-vitalik-buterin-sold-25-of-his-coins/

Charlie Lee dumps:
https://www.cnbc.com/2017/12/20/litecoin-founder-charlie-lee-sells-his-holdings-in-the-cryptocurrency.html

Solana VC's dump:
https://www.youtube.com/watch?v=nBHH0k8EOHE&ab_channel=TraderUniversity

Global map of reachable Bitcoin nodes:
https://bitnodes.io/

MicroStrategy risk factors:
https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/Form-10-K_02-16-2022.pdf

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#satoshi

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