Do you think Satoshi got rid of his private keys?

EarnOnVictor

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Quote from: Poker Player on September 30, 2023, 04:33:32 AM

There are three possibilities:

1. He still has the private keys.
2. He does not have them or cannot access them (this includes his death without leaving them in inheritance).
3. He got rid of them on purpose, as a donation to the rest of Bitcoin holders. Recall his "lost Bitcoin is a donation."

1. I quite agree with this one, he is only maintaining his anonymity, which makes it unique, unlike the other crypto projects.

2. I disagree with this, and if he is dead, he knows the worth of the project, he can't just let it die with himself like that without making sure he passes it as an inheritance to anyone he deems fit.

3. Satoshi must be smarter than that. I don't know what the supposed donation to the Bitcoin HOLDers has to benefit them this way.

Cricktor

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Quote from: L4rs_ on December 31, 2024, 09:01:08 PM

Honestly it's too crazy that we still dont know the 4th richest man of the earth nor we do know who created Bitcoin

For me this is exceptionally good opsec and for the sake of Satoshi's security nobody should try to de-anonymize them^[1].

What would you do if every criminal or government thinks you've likely mined around a million Bitcoins? (See fictional miner "Patoshi", http://satoshiblocks.info/, I don't judge if "Patoshi" might've been Satoshi or not; the majority of those nearly 22k mined blocks haven't moved yet.)

You can't prove you don't have the keys anymore, so there are a lot of unscrupulous subjects who would do unspeakable things to Satoshi to obtain those coins. I'm pretty sure, disclosing Satoshi's identity is like a death sentence for them. Who wants that??

Let's respect their decision to be and stay anonymous. It's a great mystery and aura! Bitcoin works without knowing who Satoshi Nakamoto actually is.

^[1] I don't believe that Satoshi Nakamoto is a group of people, because it would be exponentially harder to keep a group anonymous and nobody of the group makes an accidental error or breaks anonymity due to growing disagreement. Sometimes I use "they, them, their" for an individual when I don't want to assign gender for whatever reasons.

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It is not likely that Satoshi somehow lost his keys by accident. In 2024, we have seen addresses that received some coins in the first days of Bitcoin’s existence and went dormant for the next 15 years suddenly started showing activity again. If those people managed to maintain access to their keys all this time, I don’t see why Satoshi wouldn’t also.

By the time he disappeared, Bitcoin was worth more than $1, making Satoshi a millionaire. Access to that kind of wealth is not something you destroy in a casual manner.

X-ray

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the question that only satoshi can answer, the rest of us are using crystal ball here Grin

.

but joke aside, this can be the case, can't imagine someone who hold their BTC all the way to hundred of billion dollar worth and never even touched a cent.
that'd be the mother of diamond hand if any.

so it might be the case that he got rid of his private key, maybe for the reason to mantain circulating supply of BTC, but really no one knows for sure.

L4rs_

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Honestly it's too crazy that we still dont know the 4th richest man of the earth nor we do know who created Bitcoin

Damn I really hope this gets solved in the future

btc78

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Quote from: hemsirta on January 25, 2024, 01:12:24 AM

I think no, Satoshi Nakamoto does not get rid of his keys. I chose 1, since I know it is the basic knowledge to keep our private key safe, and Satoshi being the developer knows the importance of it the most. I don't think Satoshi will wipe out his storage together with his private key just to show or say something. No one will ever waste and delete the fruit of his creation unless Satoshi is scheming something

it’s possible that he’s committed so much to disappearing and not touching his bitcoins ever again that he decided to let go of his private keys one thing’s for sure though is that if he doesn’t have his private keys anymore it would never be on accident and losing it would be deliberate

L4rs_

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The money involved is huge and Satoshi can do and undo at any time he is ready. I hope such a name Satoshi is not a person, you will be seeing dramas over time, but it will take time, and certainly not soon, so we should just forget it for now. Of course, if Satoshi is rich already, there will be not much need to liquidate his Bitcoin as he is not hungry, he might have the plan to deal with it later, but it might be after some decades.

Trust the bitcoin's founder's name is not Satoshi because I bet that all gov agencies already checked this

thecodebear

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I would guess he is either dead or just never bothered storing his keys and was just mining in order to start and participate in his project, or both.

Keawe

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I would think he destroys them and everything related to bitcoin on his PC. At the time of his vanishing BTC was valued at somewhere between 100-900. It was his only way to remain anonymous, and his gift to the world. People and privacy over profits. What's strange with the timelines of events is the block with 180 billion btcs which was believed to be an attack. However, within about two years of this DOGE is launched and the supply is 100 Bill. I think Satoshi created Doge as well. BTC

hemsirta

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I think no, Satoshi Nakamoto does not get rid of his keys. I chose 1, since I know it is the basic knowledge to keep our private key safe, and Satoshi being the developer knows the importance of it the most. I don't think Satoshi will wipe out his storage together with his private key just to show or say something. No one will ever waste and delete the fruit of his creation unless Satoshi is scheming something

adaseb

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I don’t think he has access to his keys or he might of passed away. He would of been a billionaire if he sold his bitcoins and he hasn’t moved a single coin? Who has this kind of control?

It’s also possible that he mined for many years afterwards and is just spending his coins which are further away from the genesis block. Coins mined in 2010 were done by many miners and if satoshi was one of them it would be hard to filter him out. From time to time there is a coinbase block which is spent from those years and maybe it’s satoshi.

Keawe

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I think Satoshi Nakamoto got an email from GA threatening him with the CIA and disappeared shortly there after. Wherever and whoever he is he isn't likely to come forward with the recent prosecutions of CZ and the SF. SF was just a fool who lost against the banks. Apparently there was some major players behind trying to bring down FTX. Cryptocurrency has already overtaken the major banking systems. All ypu have to do is look at the names of all the major stadiums and sporting arenas across the us changing their names to Cryptocurrency companies and dropping the banks names. He'll probably reveal himself in broad daylight in the form of something greater than even what he did with BTC. It's also my belief that he was very young at the time he wrote THE WHITE PAPER.

WatChe

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The question is whether Satoshi was aware of the fact that Bitcoin will gain so much popularity over the time?
There are people who have have bitcoin in early days and they throw away the keys thinking its just a rubbish.
How about Satoshi one of such guy who has thrown away keys in 2009 or 2010, thinking that it's not a worthy discovery. Just my few Satoshis.

uneng

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Quote from: Poker Player on September 30, 2023, 04:33:32 AM

1. He still has the private keys.

That is what I think. And they must be very well secured somewhere only he knows. I don't believe he intends moving or selling his BTCs anytime soon, neither want to let it for heritage. Those coins must remain untouchable forever, decreasing total supply of Bitcoin available on the market even more.

Anyway, that is something we will probably never know with assurance. I just hope those coins aren't dropped on the market anytime soon, otherwise it's going to be a cataclysm for Bitcoin holders.

Ale88

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Quote from: Cricktor on October 01, 2023, 03:19:02 PM

I don't buy the theory that Satoshi Nakamoto is a group of people. A group would have much more trouble to stay silently hidden and make no mistakes which could compromise their anonymity.

The thing with being a group of people is that, usually, the more know something, the more the probabilities that someone, even by mistake, will reveal something. And in Satoshi's case, that never happened, he just disappeared and that's it, no one has ever heard from him anymore. And let's not forget another thing: greed. If it's a group of people at the beginning is easy to agree to simply forget about that money but when that money starts to become millions and then billions, how can we know that everybody will still be on the same page? Unless they really got rid of the keys I can image that there could be the possibility of an internal fight. All this to say that I agree with you, I think as well there is just one (incredibly smart) person behind bitcoin.

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Quote from: L4rs_ on October 02, 2023, 02:37:58 AM

I don't think he has access to his private keys, except he's very very rich anyway and doesn't care about money.

Many assume why Satohi's address hasn't move ever since because he's dead, and that's what I believe in because it is the most reasonable one. He's too smart not to keep safe his private keys, if you invented something unique and you think it will change the most part of the world, you'll keep everything in your possession.

Quote from: L4rs_ on October 02, 2023, 02:37:58 AM

*Probably it's also a woman, not a man Cheesy

No one really knows, he's under a pseudonym so yeah Satoshi could be a woman or a man. But anyone would agree, through instinct that he's a man *peace*

Lucius

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Quote from: fat buddah on October 01, 2023, 09:04:04 PM

Well, that's kinda pointless discussion since we're not gonna find it out and that's all just pure guessing. And I think that Satoshi is dead by now. I hope he's not, but that sounds logical.

Your logic sounds quite illogical, because if you or anyone else stops being active on this forum, that would mean you are no longer alive? I know several members of the forum who are no longer active on the forum, but it has been confirmed that they are alive and that for some personal reasons they no longer have the time or will to be active here.

I think that Satoshi has left quite enough unequivocal statements from which it can be seen that he did not leave suddenly and in a hurry, and the last e-mail that Satoshi sent to Mike Hearn is more than clear.

Quote

From: Satoshi Nakamoto <[email protected]>
Date: Sat, Apr 23, 2011 at 3:40 PM
To: Mike Hearn <[email protected]>
Subject: Re: Holding coins in an unspendable state for a rolling time window

>I had a few other things on my mind (as always). One is, are you planning on rejoining the community at some point (eg for code reviews), or is your plan to permanently step back from the limelight?

I've moved on to other things. It's in good hands with Gavin and everyone.

I do hope your BitcoinJ continues to be developed into an alternative client. It gives Java devs something to work on, and it's easier with a simpler foundation that doesn't have to do everything. It'll get critical mass when impatient new users can get started using it while the other one is still downloading the block chain.

L4rs_

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I don't think he has access to his private keys, except he's very very rich anyway and doesn't care about money.

But I wait for the day he touches his wallet and the Bitcoin world is going crazy Cheesy

*Probably it's also a woman, not a man Cheesy

avp2306

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Quote from: Poker Player on September 30, 2023, 04:33:32 AM

This is one thing I have said in comments in other threads but I think it deserves a thread in itself to comment on, even if we can only speculate. I have searched and I see that it is usually claimed him to have lost them as most likely. In a quora thread the voted as best answer is:

Quote

Statistically speaking, Satoshi Nakamoto is (in order of likelihood) either dead, in prison, incognito or not able to find the keys to his wallet.

My personal opinion is that he is incognito; I see him clearly as someone who lives alone with a dog, doesn't like doing housework, grows zucchinis in the summer, hates shoveling snow, has arthritis in his knees, doesn't own a smartphone, his neighbors think him odd, he loves buying discount books at the flea market on Sundays, he's active on the internet under a plethora of pseudonyms and will likely release some of his coins when bitcoin reaches $1,000,000.

There are three possibilities:

1. He still has the private keys.
2. He does not have them or cannot access them (this includes his death without leaving them in inheritance).
3. He got rid of them on purpose, as a donation to the rest of Bitcoin holders. Recall his "lost Bitcoin is a donation."

Obviously I am referring to the million Bitcoins or so attributed to him for having mined them at the beginning. If Satoshi is still alive (or if they are still alive) I am sure he has a good amount of Bitcoin but that nobody links with Satoshi's name.

I think the most likely is option 3. Just as he started up Bitcoin for humanity and stepped away from the project I think at some point he purposely disposed of the keys to those Bitcoins, either for privacy, as a donation, or both. I find it hard to believe that someone as careful as he was would lose the keys and not have multiple backups.

I guess this is mystery which make people curious to know about such situation since many don't know if Satoshi is still alive since until now no one can see his foot tracks or even try to see if there's something suspicious happening to the last wallet address use for his transactions. For now we can't find an exact answers regarding on this question but maybe we can get a hint if someone expose or that can point out that he moves a lot of Bitcoins before he reported gone to the scene and became a mysterious guy in world of cryptocurrency. Many want to find out his identity and his other past activities since maybe it can bring something good to current status of bitcoin.

posi

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Quote from: philipma1957 on October 01, 2023, 09:52:57 PM

Quote from: fat buddah on October 01, 2023, 09:04:04 PM

Well, that's kinda pointless discussion since we're not gonna find it out and that's all just pure guessing. And I think that Satoshi is dead by now. I hope he's not, but that sounds logical.

I think we will find out and the group say CIA that developed it will rug pull BTC around 2032 or 2036 by simply moving the coins to coinbase and selling them off. I consider this very possible. at least a 50-50 shot of being true.

I will be 79 if I am around in 2036 lets see if I am correct.

But I want to know, if the creator of bitcoin is the CIA then what is their purpose in creating a decentralized currency? Meanwhile, they are also working for the government and fighting the government does not bring them any benefits.

I've also heard this theory before but I really don't believe that bitcoin was created by the government or anyone working for the government because what bitcoin brings will harm the government's interests. I believe bitcoin was created due to political disagreement but it could not have come from the CIA or anyone working for the government.

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