Adam Back reveals Satoshi Nakamoto's reason for choosing anonymity: possibly realizing BTC would revolutionize money, posing extremely high risks
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Adam Back reveals Satoshi Nakamoto's reason for choosing anonymity: possibly realizing BTC would revolutionize money, posing extremely high risks
Blockstream co-founder and CEO Adam Back posted on X, stating that running nodes in P2P networks that provide privacy, anonymity, and bearer assets involves risks—a risk traceable back decades. The risks faced by Bitcoin node operators are nothing new. Although Bitcoin's risk is somewhat lower than file sharing in certain aspects, as a form of bearer cash and hard currency, the risks it has faced are clearly much higher, because Bitcoin is reforming money—after all, separating money from the state carries greater risk. While some countries today are gradually accepting Bitcoin and regulations are becoming more open, in certain nations it remains in a gray area or is outright illegal. Thus, even core developers could face significant risks by revealing their identities early on. Satoshi Nakamoto may have had good reason to recognize this risk, which is why he chose to release Bitcoin anonymously.
Navigating Web3 tides with focused insightsTechFlow news, September 16 — Blockstream co-founder and CEO Adam Back posted on X platform stating that running nodes in peer-to-peer networks offering privacy, anonymity, and bearer assets inherently involves risks—a concern traceable back decades. The risks faced by Bitcoin node operators are nothing new. Although Bitcoin's risk level is somewhat lower than file sharing, as a form of bearer cash and hard currency, Bitcoin has clearly faced much higher risks because it aims to reform money; after all, separating money from the state carries greater risk.
While some countries today are gradually accepting Bitcoin and enacting increasingly open regulations, in certain jurisdictions it remains in a gray area or outright illegal. Thus, even core developers could face significant risks by revealing their identities early on. Satoshi Nakamoto’s awareness of such risks may have been justified, which is why he chose to launch Bitcoin anonymously.
