Topic: Do you think Satoshi got rid of his private keys? (Read 561 times)
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.
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
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
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."
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.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."
Do you even know if he/they have willed it out to his/their children just like it is in the stock market? Bitcoin is still young and Satoshi in his wisdom will always be moving away from anything that will cause controversy or affect it. Nonetheless, judging by his preplanned mechanism for Bitcoin, he can't be so daft to lose his private key, he would be smarter than that. I believe he has other future plans for his coins, so watchout even as the world appreciates Bitcoin more.
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.
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.
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.
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.
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.
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.
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. 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.*Probably it's also a woman, not a man 
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* 
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.
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.
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
*Probably it's also a woman, not a man
But I wait for the day he touches his wallet and the Bitcoin world is going crazy
*Probably it's also a woman, not a man
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.
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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.
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.
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.
I think satoshi nakamato is a single man and he is still alive
i also think he's a time traveler he got a idea to create a digital assets in 90s , that century no one have a time to spend a think and reading
book with coffee these times people go to work make some money
He is still alive in his home , and binance owner CZ know who he is and both frends .
..
...
i also think he's a time traveler he got a idea to create a digital assets in 90s , that century no one have a time to spend a think and reading
book with coffee these times people go to work make some money
He is still alive in his home , and binance owner CZ know who he is and both frends .
..
...
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.
I will be 79 if I am around in 2036 lets see if I am correct.
It is not the first time I hear a similar theory, that bitcoin was created by the CIA or similar agencies, and in this case you do not mention it but it is said that it was to make people more willing to accept CBDCs, which seems to me a crazy theory at all.
Do you have any data or evidence to support it or are you just saying that because it popped into your head?
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.
The mystery of Satoshi Nakamoto will go on forever until we can be sure who and where he is whether dead or alive. I think for now we are already beyond the time when some fake people are claiming to be the real guy...we already know that Craig Wright is the Wrong one. As for me, if he is not dead then he is hiding his identity so well and since he has not touched any of BTC under his control then maybe he is not interested with it. Now, if he is dead then this is the end of the story though speculations on many facets of this man will continue to circulate for people's curiosity and entertainment.
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.
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.
In fact Satoshi Nakamoto is a mysterious character and subject of discussion and speculation on various social media platforms frequently. Unfortunately, despite numerous attempts, his identity could not be established, as of today he remains an anonymous person. It is possible, though I may be mistaken, there was a powerful entity behind creation of Bitcoin who is hiding behind Satoshi. The ultimate revelation may occur when the Bitcoin holdings associated with Satoshi's wallet are eventually moved or used for selling purpose in the distant future.
Until such a times comes, the mystery surrounding Satoshi Nakamoto and Bitcoin origins remains a source of curiosity for crypto community.
But do you think if we find out his real identity, will it be good for bitcoin or bad for bitcoin? In my opinion, his decision to remain completely anonymous is completely correct and benefits us all. So I consider it a blessing for all of us.
Bitcoin is designed to be decentralized and anonymous so what Satoshi is doing is completely right, it is good for him and for bitcoin. Try comparing bitcoin and shitcoin on the market, shitcoins all have public leaders and development teams. It's all centralized, other than being used for speculation there's no other benefit, so Satoshi's decision to remain anonymous is a good thing for bitcoin, not a bad thing.
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 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. And if he is scheming, he should have announced it to the public for more effect.
Your perspective on Satoshi Nakamoto and the necessity of safeguarding private keys makes sense. Even though we don't know who Satoshi really is. It is highly likely that the creator of Bitcoin well understood the significate of protecting the private keys. while most of the people think that he choose to stay hidden, some theories suggest the possibility of a constructed character to hide the involvement of strong organization or group that is behind the mystery of Bitcoin.
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. And if he is scheming, he should have announced it to the public for more effect.
Among the choices, I am inclined to think that it was the number 2.
I do not think that Satoshi will just leave the scene of Bitcoin development because it is his project and we see how focus he is in developing his product during the time when he is around. Then all of a sudden he poof and cannot be found anywhere. I think he is not with us anymore since I believe there is no creator that will abandon his project unless he is incapacitated. You can see how Hal devoted himself to Bitcoin development and even though at almost end of his time and is physically unable, he use the technology to at least participate in Bitcoin activity until he pass away.
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2. He does not have them or cannot access them (this includes his death without leaving them in inheritance).
I do not think that Satoshi will just leave the scene of Bitcoin development because it is his project and we see how focus he is in developing his product during the time when he is around. Then all of a sudden he poof and cannot be found anywhere. I think he is not with us anymore since I believe there is no creator that will abandon his project unless he is incapacitated. You can see how Hal devoted himself to Bitcoin development and even though at almost end of his time and is physically unable, he use the technology to at least participate in Bitcoin activity until he pass away.
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.
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.
In fact Satoshi Nakamoto is a mysterious character and subject of discussion and speculation on various social media platforms frequently. Unfortunately, despite numerous attempts, his identity could not be established, as of today he remains an anonymous person. It is possible, though I may be mistaken, there was a powerful entity behind creation of Bitcoin who is hiding behind Satoshi. The ultimate revelation may occur when the Bitcoin holdings associated with Satoshi's wallet are eventually moved or used for selling purpose in the distant future.
Until such a times comes, the mystery surrounding Satoshi Nakamoto and Bitcoin origins remains a source of curiosity for crypto community.
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.
Based up on my own opinion and speculations then he might be still that possess those keys and it is really just that he didnt tend to make any movement out of it.Why? So here's the possible reasons.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.
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.
1. Once a single movement made by one of known Satoshi wallets then it would really be neither be creating that kind of boost up or fear within the market.
2. He wont really be tending to make a movement and exposing himself or identity specially on touching up those centralized platforms.
3. He do just simply observing and been happy on how far his invention do able to hit or reach about.
Even myself to be Satoshi then there's no way that people could stop or whatever considerations would be in speaking about taking up some
profits on something that you do created. lol
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.
Sure, they could've decided early to not keep the private keys of their mined stash. Problem with that is, you can't prove that you don't have the keys. The amount of mined coins by Satoshi Nakamoto is enough to put everybody in a lot of danger should their identity become compromised. No one of such a group would be safe anymore, regardless whether they have the keys or if they truely don't have them. Who would believe them that they don't have them anymore?
The coins haven't moved, likely won't ever move. People keep throwing some of their coins to the coinbases of mined blocks that are attributed to Satoshi and thus piling up the "donation" to Bitcoin hodlers and bloating the UTXO set. Thank you, Satoshi!
Sure, they could've decided early to not keep the private keys of their mined stash. Problem with that is, you can't prove that you don't have the keys. The amount of mined coins by Satoshi Nakamoto is enough to put everybody in a lot of danger should their identity become compromised. No one of such a group would be safe anymore, regardless whether they have the keys or if they truely don't have them. Who would believe them that they don't have them anymore?
The coins haven't moved, likely won't ever move. People keep throwing some of their coins to the coinbases of mined blocks that are attributed to Satoshi and thus piling up the "donation" to Bitcoin hodlers and bloating the UTXO set. Thank you, Satoshi!
Satoshi Nakamoto still have his private keys and I strongly believe he is still alive. And I also believe that a trusted close friend or a family member knows the private keys of Satoshi. I will take the incognito of him even in the forum because there is no way Satoshi Nakamoto create bitcoin and a website for it and leave the site and relax, things are not working in that way. He is not dead and not in prison. If he is in prison we would have heard. As op said, this issue has been discussed in somewhere else in the forum.
Before getting that answer, you need to understand who Satoshi is for real. I personally believe that he's Hal Finney. Hal Finney is actually dead however her wife is using all his accounts.
I surely think Hal gave access to her and she does have access to the wallet which you are personally thinking is owned by Satoshi. If the coins are moved anytime now, that will be the confirmation of Hal being satoshi as all others who claimed to be satoshi could have done it as of now.
I surely think Hal gave access to her and she does have access to the wallet which you are personally thinking is owned by Satoshi. If the coins are moved anytime now, that will be the confirmation of Hal being satoshi as all others who claimed to be satoshi could have done it as of now.
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).
Complete misconception!
Hal mined block 78 for sure and a lot of others on top of that, there are other known cases as block 3654 which was used as a way to troll Craig Wright and many others from earlier days.
Satoshi wasn't the only miner and he kept mining way too long for just security reasons
https://news.bitcoin.com/strong-evidence-suggests-a-single-entity-mined-more-than-1-million-bitcoin/
Another possibility would be that Satoshi isn't a he but a they, meaning that there's probably a group of people behind bitcoin and the Satoshi that's talking to us in the forum is just a person that's on the PR side of things or like the head of the project. I don't think that he got rid of his keys though, I am pretty sure that when Satoshi talked about the future of bitcoin having an increase in price although Satoshi talks more about larger fees, Satoshi knows what's up and Satoshi knows that it's not yet time. Or Satoshi really is just one person and that he's dead a long time ago.
And there is no reason to just get rid of the private keys, why would they get rid of the private keys? If they want to donate the Bitcoin, wouldn't be better to keep the private key, and send their Bitcoin to charity when the price is right?
It is different than idea for donation in this question as well as in a post of Satoshi Nakamoto. It is about lost bitcoins as donation everyone else who have bitcoins because it helps to reduce total circulataing supply of Bitcoin.It is different than sending it to an address of a charity entity and they will sell those bitcoins to have cash or exchange it to buy goods. At the end those donated bitcoin will be sold and it will affect market price and can not help to reduce circulating supply of Bitcoin.
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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.
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.
This is a fact, I kind of agreed too.
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3. He got rid of them on purpose, as a donation to the rest of Bitcoin holders. Recall his "lost Bitcoin is a donation."
Those three points are very valid, but based on what Satoshi said about lost Bitcoin, I would preferably go with the last point. It could be that Satoshi disposed of the private key to some wallets that hold millions of bitcoins for him; if at all he is still alive and has access to some bitcoin, then it would not be a whole lot of bitcoin like those wallets that hold millions of bitcoins. I doubt if there is anyone who would create a technology like Bitcoin and would not hold a large sum of what they have created. Despite any sacrifices made for the success of that project, they (the developer) would still want to take share of the success. If at all Satoshi is alive, then there is no way he would not have some bitcoin in his custody.
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In mid-2010, Satoshi transferred bitcoin.org to Gavin Andresen. Andresen explained, “I started to submit code to Satoshi to improve the core system. Over time he trusted my judgment on the code I wrote. And eventually, he pulled a fast one on me because he asked me if it’d be OK if he put my email address on the bitcoin homepage, and I said yes, not realizing that when he put my email address there, he’d take his away. I was the person everyone would email when they wanted to know about bitcoin. Satoshi started stepping back as leader of [the] project and pushing me forward”.
Those people who are no longer active today (at least not on the forum) know very well why Satoshi decided to leave Bitcoin to them, because it was they who asked for it, which is quite evident from their communication. I already wrote that Satoshi must have felt all that negative energy, in addition to the fact that his main collaborator started to turn to the dark side (I'm referring to Gavin and his visits to places he shouldn't have gone), which he later described as a possible reason why Satoshi got scared, along with of course Wiki which started accepting BTC as donations and the famous comment "we touched the hornet's nest".
However, I wonder if it would have been different if Satoshi had left in 2012 or 2014 and not in 2010 - I think it's better if he left earlier, not only for "peace in the house", but also for his own safety.
What is the fact that in the early days Satoshi was nowhere near as popular as it is today - back then some were very openly calling for his "removal of authority", while today Satoshi is a true legend, and some like Gavin are not only no longer around Bitcoin, but they became hated figures because they were so "intelligent" that they started calling cheaters by his name.
To be honest I really think that those Quora's answer on OP's quote is a joke, lol. Either that or he watch too many post apocalyptic show. He describe Satoshi like someone from one of those show. For me, I never think Satoshi as an Individual, I think they are a group of people, and the name Satoshi Nakamoto is used as embodiment of an idea. More than that, I think they are just a regular people with great vision and engineering skills.
And there is no reason to just get rid of the private keys, why would they get rid of the private keys? If they want to donate the Bitcoin, wouldn't be better to keep the private key, and send their Bitcoin to charity when the price is right?
And there is no reason to just get rid of the private keys, why would they get rid of the private keys? If they want to donate the Bitcoin, wouldn't be better to keep the private key, and send their Bitcoin to charity when the price is right?
Or they all get dumped after the 2032 ½ ing crashing and burning btc bigly. This could happen if this is a black ops and not a mad genius creation.
If this was a black ops, that would've been done in 2021 when the fever pitch was high and Satoshi's holdings would've made a billionaire out of him.
To do something like that on a later date would have pretty much the same effect as doing it back then, because that is too much money which is going to overwhelm the market.
And everyone thinks he stopped mining bitcoin since 2010?
I for one what I said in the OP is that I am sure he has quite a few bitcoins as of today, assuming he is still alive, but that no one can link to the name Satoshi, and that they are different Bitcoins from those mined those first two years.
His last posts didn't look like someone who was planning to leave.
Well, although we are speculating, this does not mean anything either, since it could be that he saw the need to leave suddenly or that he had planned to do so but was hiding it. Also, what you say doesn't square with this:
Personally he never existed and is a pseudo name for the inventors of the Blockchain.
What you mean is that it did not exist as a single person, but as a group, I understand. But I would apply the same argument here: I think most likely that group of people got rid of their private keys of the Bitcoins mined the first two years.
I find it hard to believe that someone as careful as he was would lose the keys and not have multiple backups.
There's a possibility, we shouldn't forget one of Bitcoin developer's hardware wallet got hacked few months ago.Good point but I think the likelihood is small.
The name Satoshi as I have come to understand is just a false name that gets the recognition for the genius behind Bitcoin or cryptocurrency idea.
I won't think also that the creator of BTC would have an issue accessing his crypto even if he loses or forgets his private keys.
I won't think also that the creator of BTC would have an issue accessing his crypto even if he loses or forgets his private keys.
3. He got rid of them on purpose,
But after all these years no one knows what happened to Satoshi, or if he is even a real single person and nothing and he Just wanted to be another case like D.B. Copper and remain an unsolved mystery forever.
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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.
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.
After reading your post another question popped into my mind. What if satoshi still has access to that wallet and is waiting for the bitcoin to reach a certain milestone before moving it around. How will the overall market react if suddenly bitcoin starts moving from Satoshi's wallet? We can only imagine a hypocritical scenario in this case. It's for sure that the market will take a negative turn due to the size of the total bitcoin that wallet holds.
To be honest it is hard to predict what will happen as investors have mixed sentiments about satoshi. Some believe he is dead so suddenly raising up a ghost and dumping his BTC on the market will lower their confidence level. But those who believe satoshi is still alive can take it positively and think that Satoshi is still working on the development of the bitcoin network.
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.
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).
Or they all get dumped after the 2032 ½ ing crashing and burning btc bigly. This could happen if this is a black ops and not a mad genius creation.
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.
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!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.
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.
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.
I find it hard to believe that someone as careful as he was would lose the keys and not have multiple backups.
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.
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%).
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:
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.
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
1. He still has the private keys.
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.
1. He still has the private keys.
If he (assume Satoshi Nakamoto is a male person) is alive, I believe he still has private keys.Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case? You should never delete a wallet.
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.
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
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%).
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:
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
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. 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."
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
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
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.
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).
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.
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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.
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.
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.
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.
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.
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".
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gavinandresen: I just wish I could convince [Satoshi] to switch to a more collaborative development model.
Tritonio: what do you mean? what is the current development model?
jgarzik: mostly-closed. open source, closed development
gavinandresen: Satoshi is the gatekeeper right now, all code flows through him.
SourceTritonio: what do you mean? what is the current development model?
jgarzik: mostly-closed. open source, closed development
gavinandresen: Satoshi is the gatekeeper right now, all code flows through him.
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?
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Software version 0.3.19, Satoshi’s last, would arrive the next day on December 13.
Read now like the final public message from Bitcoin’s creator, it seems tactical that he chose to wind down measures taken in the wake of the value overflow exploit, a sign he might have felt his mission to lock down compromises to the code had been realized.
Still, it’s difficult to say if Satoshi’s decision to walk away was his alone. After all, over the year, there had been a dramatic change in tone toward his leadership.
As to whether he intended to leave, however, Satoshi was definite, his sign-off observable when he removed his name from Bitcoin’s copyright statements[X]. Thereafter, he would also update Bitcoin.org, adding the names and emails of other developers – including Andresen, Sirius, Laszlo and Nils Schneider (tcatm) – to its contact page and removing his own[X].
What little we know about the transition was represented by Andresen publicly when he claimed a week later to have received Satoshi’s “blessing” to start “more active project management.”[X]
In the interim, Andresen assumed the trappings of authority, putting out a “help wanted” post and making clear to new volunteers they would now need to move the project forward.
Read now like the final public message from Bitcoin’s creator, it seems tactical that he chose to wind down measures taken in the wake of the value overflow exploit, a sign he might have felt his mission to lock down compromises to the code had been realized.
Still, it’s difficult to say if Satoshi’s decision to walk away was his alone. After all, over the year, there had been a dramatic change in tone toward his leadership.
As to whether he intended to leave, however, Satoshi was definite, his sign-off observable when he removed his name from Bitcoin’s copyright statements[X]. Thereafter, he would also update Bitcoin.org, adding the names and emails of other developers – including Andresen, Sirius, Laszlo and Nils Schneider (tcatm) – to its contact page and removing his own[X].
What little we know about the transition was represented by Andresen publicly when he claimed a week later to have received Satoshi’s “blessing” to start “more active project management.”[X]
In the interim, Andresen assumed the trappings of authority, putting out a “help wanted” post and making clear to new volunteers they would now need to move the project forward.
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.
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.
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.
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.
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.
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.
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.
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."
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."
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.
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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 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.
~snip
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.🤣
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.
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.
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.
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.
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.
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