Topic: Do you think Satoshi got rid of his private keys? - page 3. (Read 487 times)

Option 3 would be the the case scenario for all of us, especially for him (them?) because it means he's still alive, and I really wish he can see where bitcoin is today and how much it has grown over the years, nowadays almost everybody knows what bitcoin is, 6-7 years ago the situation was way different!
Anyway we must hope those bitcoins will never move otherwise it could really be a big problem...

Anything is possible, but to be honest I don't want to see Satoshi's addresses went active because this has a possibility chaos could occur in the market. Not many people are trust in Bitcoin in terms of real use cases, most of people already think the coins are lost forever too.

There's a possibility, we shouldn't forget one of Bitcoin developer's hardware wallet got hacked few months ago.

I have spent a lot of time just to get rid of my curiosity about Satoshi, who, where, what is his private key, his real name and so on, I have looked for various reading sources, especially local and international articles. But in the end all the wild theories and speculation brought me to the starting point of "not knowing anything about it". That clever person is either still alive by keeping his private key somewhere while surfing the internet, or he has indeed died because he was imprisoned. Our speculation will lead to curiosity that will not be cured. Most importantly he has left a valuable legacy that not everyone can do today.

The reason why he mined and saved almost ~1mln.BTC is because at that moment almost no one knew about the existence of bitcoin and Satoshi was the only one who mined btc for a long time (at that period). It so happened that there were no loud announcements about the launch of bitcoin either in the media or anywhere else. Nobody knew about this. Only a few found out after a while. Bitcoin Satoshi obtained is a kind of side effect. He didn't think to deliberately reduce the circulating amount of bitcoin, right.

It’s great that he is not a supporter of redistribution and this can only mean one thing: the ~1mln.BTC that Satoshi mined remains irretrievably lost forever.


Well, certainly can’t argue with such ironclad arguments as the link to satoshi’s post. This means that this issue has been removed from the agenda.

I still believe he is still holding his private key because he is the creator of bitcoin and he is the one who has the strongest belief in what he created regardless of what bitcoin will be like in the future. He needs to keep some for himself as a souvenir or to enjoy what he has created. So I don't think he would give up his private key unless he died. But I always hope that he will not die or be captured, he deserves to enjoy the best things that he himself has created.

If he (assume Satoshi Nakamoto is a male person) is alive, I believe he still has private keys.

Everything we say is just speculation, there's nothing that we can really do and verify no matter what happens unless someone really proves that he can sign using his wallet and private keys.

What do you think will happen if there's an activation or movement of his wallet? Would it be a negative thing or not?

There are just so many things that could be possible but there's no way of verifying it.

i think that satoshis best gift to the community ws not just the code, nor the lack of desire to backup keys.. but to have re-used a p2pk key several times thats still funded to this day which proves even the most vulnerable keytype use of bitcoin has to this day 14years later, not been bruted or hacked.. which in of itself is the best proof of security anyone can ask for

If he had planned to release them back then it would have made no sense mining for so long and hoarding them in the first place, right?
Besides he viewed things differently and saw no need for redistribution:

Any conclusion on the exact situation to Satoshi Nakamoto bitcoin he hodl is never a problem to the bitcoin network than to serve as more benefits to the entire network, just as every giant whales are holding their coins and some are releasing theirs and the market remains ever thesame being volatile, for every lost coins, the network receives them back and we see the inference from the market price, since Satoshi Nakamoto himself is anonymous then if his coins remains also unpredictable to the world is never a bad decision, afteral there will always be an opportunity for the market rise and dump each circle we are.

logic and common sense is that when developing new versions of bitcoin code he changed wallets.. never intending to keep the coins all along thus he never had need to backup the wallet. thus when he updates a version of bitcoin, bye bye keys

not so much a direct intention to destroy wallets on his departure.. but more of a not concerned with backing up wallet when upgrading his node

He already did. He's not dumping his coins onto the Coinbases and Binances of the world for whales to collect, which would've almost certainly doom the project had he collected his due in its early days, and even today it is enough to put us in an "ice age" bear market for several years, if not decades (and make Bitcoin like other altcoin projects in the process).

Personally he never existed and is a pseudo name for the inventors of the Blockchain.

The blockchain was created as a response to the 2008 stock market/real estate crash.

Down the road all those early coins will be released.

The posts on this forum cannot be taken into account exclusively when it comes to trying to understand the reason why Satoshi left the forum, and for some time (allegedly more than 1 year) he was in contact with some developers after he wrote the last forum post. In addition, history tells us that some very close associates of Satoshi at one point took a very negative attitude towards him and demanded more "decentralization".

Source

Of course, for all those who want to know the real history, which is very likely the closest to the truth, everything can be found in perhaps the best article written on the subject, which also has direct links to all relevant links. Satoshi logically decided to leave/disappear after everything, because when the majority attacks you and doesn't agree with your decisions, what else is left for you?


The Last Days of Satoshi: What Happened When Bitcoin’s Creator Disappeared

For someone who has always adviced the OGs that were opportuned to have signed up an account when he was still active to always keep their private key safe and never to delete any of their wallet I don’t think he should easily misplaced his own wallet. He/they know the importance of private key before anyone else so he should have figured out a way to keep them safe before even creating the first one.

But since we don’t know if “Satoshi” is a person or an organization, so I’d just assume that he or they are no longer with us in this work probably because death stole them(satoshi) from us or he’s somewhere in the unknown where he’s locked up.

Lovely response.
Of all the issues we are faced with today, the identity of Satoshi is the least of them. Since he/they think staying anonymous is for the best, I strongly respect his/their decision(s), and I think it is for the best that we stop looking for answers regarding the identity of Satoshi, because in my opinion, I don't think we will ever find one. So these speculations are useless and heading no where if you ask me.

His last posts didn't look like someone who was planning to leave. That makes me think he either got an accident, or is in prison.
Or, my personal favorite: Satoshi is a time traveller who went back in time to create Bitcoin, and is now spending his fortune in his own time.

I dont think of anything related to satoshi. Whats the point? Some person or group created bitcoin but needed to remove their identity in order to save themselves from possible robbery and extortion. Let them be like that and wait for more news to come up in future.

It is possible that we might never get an answer to these questions and is why searching for them is a waste, better to increase your own stash of sats and profit from that. Develop and grow, thats defenitely what satoshi would have wanted us to do.

First, I don't think the private key that the individual refers to as Satoshi is lost, nor do I think that he doesn't have access to it or even have those coins donated to the community yet, as he believes that everyone whom the owner no longer has access to is a donation to the community, as it's one step to reduce the number of supplies that could have possibly been in the market.
 
What I think, I think for the sake of privacy and security reasons, the group of people or the individual involve don't see it as a right thing to do yet to spend any scent from the early accumulated bitcoin as their are many eyes on those addresses, any where the coins are moved to will definitely be traced, even if they decided to use a mixing service, every one is curious to know who or whom those entities are so spending from that address will raise attention and it might also comes with lot of panic considering the amount in question. 


I believe the person or group of people are so much alive, and if time is not taken, they are among the top bitcoin holders right now, the already known address attached to the name "Satoshi" excluded, with or without them losing access to their early holdings. I still so much believe that they are part of the firm that is controlling the biggest minning pool right now, so one will have such knowledge as they do and will want to feel reluctant and stop accumulating. That's not possible, nah.

I want to draw attention to another point. Initially, Satoshi planned 21 million bitcoins. If he has obtained ~1 million, which lies unmovable in his wallet, then this figure of 1 million bitcoin undoubtedly falls out of the general circulation (those same 21 million bitcoin). This is a clear contradiction to the original idea. He chose the figure of 21 million, not 20, right. If Satoshi could and wanted to make a donation to the BTC-community, he would have sold it cheaply in the early stages or distributed it to the rest of the bitcoin-network participants, rather than deliberately reducing, note, the number of coins by ~5 % (more precisely 4.76%). I don’t think that, purely technically, there was a problem in sharing these 1 million mined coins. Therefore, the conclusion suggests itself that Satoshi could not or can't do this.

Of course, Satoshi could not know (but could assume) that part of bitcoin would still be lost forever due to lost access to wallets by their owners, which, as a result, would further reduce the limit of 20 million bitcoin from the original 21 million.