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There is a handful of Satoshis floating on the web these days: Craig Wright, Estonian scientists, marketing specialists and more.
But whatever the name of Nakamoto, one thing is certain: they are rich as hell. It is estimated that Nakamoto has up to one million bitcoins, just over $ 10 billion, in intact portfolios. But the number of people who proclaim it, true Satoshi is a source of confusion and uncertainty in the industry. If Nakamoto appeared and decided to cash in Satoshi's reserve – or threatened to do so – the bitcoin market would almost certainly collapse.
This led Ray Youssef, founder of the peer to peer bitcoin market, Paxful, to propose an unorthodox solution. Solution: "Let's turn on all 980,000 of Satoshi [bitcoins]"
"[One] millions less and we ask Satoshi to rest in peace, "he said. added.
By burning all the pieces of Nakamoto, the anxiety provoked by the unknown identity of Nakamoto disappears. No more than Nakamoto, and one less reason for the price to plummet.
Youssef appealed to his supporters, identifying Roger Ver, the Bitcoin investor, Binance CEO Changpeng Zhao (CZ), and CoinBase CEO Brian Armstrong, among others. "Anyone who is with me, answer 'burn'," he said, and the lights Youssef labeled must still answer.
Burn Nakamoto pieces is possible, so incredibly unlikely. If the entire network met and agreed to move the coins to a different and inaccessible account, Nakamoto would not be able to access his fortune. But Youssef would need a consensus on the entire network, otherwise the bitcoin network would be split in two, Nakamoto keeping the parts on one but not on the other. But the discussion, unsurprisingly, has become ugly.
"The creator of Bitcoin does not deserve this money? Who is it or has it been? What a totalitarian and selfish idea! responded Argy Xafis, bitcoin enthusiast
"It's as stupid as CZ's idea to roll back the chain after the Binance piracy," tweeted Mihai Teodosiu, founder of Yakkie Apps, said Zhao realized he could not rewrite the Bitcoin blockchain to reverse Binance's hacking in May.
Aside from the arguments, this would not be the first time that a major cryptocurrency would undergo such a large-scale change. When the DAO was hacked in 2016, the Ethereum blockchain was rewritten to recover the hacker's funds. This created what is now the Ethereum blockchain, while fierce opponents have maintained the old living chain in the form of Ethereum Classic. And Ethereum is still going so far, the second largest cryptocurrency by market capitalization.
Maybe Youssef is not as crazy as you might think.
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