Topic: Do you think Satoshi got rid of his private keys? - page 4. (Read 746 times)

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.

And everyone thinks he stopped mining bitcoin since 2010? He is and has been the largest whale in bitcoin community. But it would be a good idea to spend some of it publicly but without revealing his identity, on charity cases, building schools, hospitals for those who need it most.

He is well and alive, hopefully with a bunch of young virgins  around him.🤣

For me personally, all three options are quite realistic, and now it's just a question of how someone thinks about that topic, which will result in one option being more acceptable than the others.

Realistically, the best option for everyone would be for those private keys to be destroyed, because that way those coins would never appear on the market, but also no one else would be able to present themselves as Satoshi if they were to be found one day. I would also take the third option as the one that makes the most sense to me, because I also think that the person who wrote on this forum under the pseudonym Satoshi did not leave anything to chance and that even then he/she realized how important it is that these coins remain forever unavailable.

It could indeed be considered the largest donation anyone has ever made for Bitcoin.

It is possible that Hal Finney is Satoshi, and if he is not, then there is high chance Satoshi is another person and still very much alive. His real name might not even be Satoshi and there is high chances he is not Asian.

It will amount to a joke to think that someone inspired by the need for privacy, freedom and anonymity, to create Bitcoin, will divulge his identity easily.

As for his private keys being lost, the chances of that being true is also very slim unless perhaps, he intentionally decided to donate those Bitcoin to the community.  Besides, he would still be very rich in Bitcoin because he would have still be mining Bitcoin with different data.
 

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:


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.