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    Author Topic: Could this just be the "LAMEST" News?  (Read 756 times)
    Mia Chloe (OP)
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    October 05, 2024, 05:12:31 AM
     #1

    I decide to go through my chrome as usual and today I happened to spot a news on my news feed page which sounded so awkward and lame. Well I wasn't too surprised to find a news like that on my feed though since it's still like a sign that bloggers are still at creating write ups like this that of course can mislead those who are bitcoin newbies. I didn't even bother clicking the link so I get redirected to some article that I believe isn't worth reading. Below is an image of the news caption.





    Bitcoin is built on a completely decentralised network which is something the government isn't mostly happy about since there is pretty much no central body in control to impose certain regulations and rules. This is pretty much the reason why Satoshi disappeared for so many years now since if he was around he would seem like a central body that the government could probably use as a medium to impose certain regulations on bitcoin. Satoshi disappeared since around late 2009 to 2010 which was shortly after he mined over about a million Bitcoins as speculated by most sources. What then would make any one think he'll appear all of a sudden?

    If Satoshi should appear all of a sudden, it would be bad for the bitcoin network and even the entire crypto ecosystem since bitcoin pretty much has an indirect effect on the whole crypto ecosystem. A couple of things that would happen if Satoshi should appear all of a sudden are;

    • If Satoshi should appear all of a sudden, it already partially means good-bye to our dear decentralisation like I explained before, since the government can now have a central body to indirectly control the network.
    • Secondly there would be an unfriendly shift in bitcoin price and also a general dip in the crypto space since the government would want to take control of the coins he mined ( picture the effect of moving about a million coins on the network)
    • The bitcoin network would likely experience some changes that may not support discentralization coupled with the fact that Satoshi's appearance may cause vulnerabiliies to appear in bitcoin's protocol.

    Decentralisation is the key power and importance of the BITCOIN network over other crypto currency networks.I believe Satoshi wouldn't want to toss all the decentralisation  BITCOIN has built over a course of about 15 years now by appearing all of a sudden.

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