Adam Back analyzes the reasons behind Satoshi Nakamoto’s anonymity: He realized that BTC would trigger currency reforms and bring huge personal risks

Adam Back, an early Bitcoin promoter and co-founder and CEO of Blocksteam, wrote on the X platform that participating in peer-to-peer networks that provide privacy, anonymity, and bearer funds carries node operating risks, a risk that dates back decades. The more services enabled on a node, the higher the risk to service providers. Concerns about the risks faced by Bitcoin node operators are not new. While Bitcoin's risks are somewhat lower than those of file sharing, as bearer cash and hard currency, the risks it once faced were clearly much higher. This is because BTC revolutionized currency, and separating currency from the state carries greater risks. While some countries are gradually accepting Bitcoin and related regulations are becoming more open, it remains in a gray area or illegal in some countries. Therefore, even core developers could face significant risks if their identities were revealed in the early days. Satoshi Nakamoto's awareness of this risk may have been justified in his decision to issue Bitcoin anonymously.