For many, the Satoshi Nakamoto Bitcoin hoax persists

Sylvain Saurel, the founder of the In Bitcoin We Trust website, wrote an interesting post about people's fears about the most popular cryptocurrency.

Saurel makes good points about freedom. But at the same time, he doesn't pay attention to what he thinks is the biggest deal-breaker: the fact that Satoshi Nakamoto isn't known.

It's too much to expect people who don't use Bitcoin to think the same way. So, many people will stay afraid.

Some people can't handle all of the work.

Saurel thinks that people are afraid of freedom, not the flaws in the protocol or the fact that Bitcoin isn't a good idea. Saurel quotes the controversial psychologist Sigmund Freud to back up his point.

“Most people do not really want freedom, because freedom involves responsibility, and most people are frightened of responsibility.”

He and his psychoanalysis theories have been largely discredited for a number of reasons, including the lack of evidence that there is an unconscious mind. That doesn't mean he was wrong about psychoanalysis or other things.

After all, a lot of his work is still available to the public today. Among other things, Freud popularized the term "ego," which many self-help gurus say you need to get rid of in order to be more egalitarian.

However, Saurel says that the freedom that Bitcoin gives is not without responsibility, which many people find hard to accept.

Are people right to be afraid of Bitcoin?

When people have different opinions about the legitimacy of Bitcoin, it comes down to having more faith in one side or the other. That is, do people believe in central banks and money more than they believe in Bitcoin?

People who are in the first group may not like the idea that a mysterious person or group made Bitcoin and then disappeared, leaving 1 million ($41 billion at today's price) BTC behind.

While the point has been debated to death, it's still true that the person who made Bitcoin doesn't have the same goals as you or I do. Cryptocurrency is still a mystery, and this just adds to the mystery.

So, asking people to believe in a project that was started by an unknown person is a big deal. For another thing, it's weird that Bitcoin is celebrated for this, but altcoin projects with anonymous founders are seen as sketchy, even though Bitcoin is.

It's only logical to think that the reason people don't like Bitcoin has to do with what they value and how important those values are.

There is a good chance that people who support Bitcoin want to have more control over their own money than they want to have it controlled by someone else. This may be a simple decision for some people, but not everyone has the same values and places them at the top of their list.

It isn't fair for vegans to expect everyone else to think the same way they do.

But as Bitcoin becomes more popular, people's priorities for Bitcoin will start to rise in the list of things they want to do.