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Topic: Mike Hearn still holding Bitcoin. (Read 1448 times)

legendary
Activity: 3038
Merit: 1169
August 14, 2017, 05:36:14 AM
#24
Of course he is still holding them and it is impossible for a developer to be a person who lose access to his wallet. This is impossible, a developer knows very well that he should keep a lot of backups of wallet.dat from his Bitcoin Core wallet in different places. Beside this it is in his own right to hold any amount of bitcoin he may have mined, bought or trade. That's the beauty of bitcoin , is fully decentralized and we should not care if someone is holding bitcoin or not, its none of our business.

Yup! even though he is saying that he already dump all of his bitcoin I also think he is keeping a backup of it and wants other people to do the same thing to dump their bitcoin so he can proceed with his scheme I think he wants to control the movement of bitcoin by giving FUD on the past, well I don't really think that is his real intention by we can never know for sure, he can always have his bitcoin by buying it, mining, trading he can do it in secrecy and nobody can ever notice it because yup bitcoin is anonymous and decentralized.
copper member
Activity: 1442
Merit: 529
August 14, 2017, 05:21:16 AM
#23
Of course he is still holding them and it is impossible for a developer to be a person who lose access to his wallet. This is impossible, a developer knows very well that he should keep a lot of backups of wallet.dat from his Bitcoin Core wallet in different places. Beside this it is in his own right to hold any amount of bitcoin he may have mined, bought or trade. That's the beauty of bitcoin , is fully decentralized and we should not care if someone is holding bitcoin or not, its none of our business.
hero member
Activity: 2828
Merit: 611
August 14, 2017, 05:17:54 AM
#22
All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".


Mike Hearn not telling the truth? What a big surprise... Cheesy
These software developers know well how to fool people around. I don’t understand what game he is playing and what evil plans he has in his mind. Why lying at the first place. This matter is getting complex and for that reason I think let’s just forget about him. He is getting all fame and we are getting nothing. Let him do whatever he wants.
legendary
Activity: 1526
Merit: 1001
August 14, 2017, 05:17:02 AM
#21
Why should we care about Mike Hearn having or not having Bitcoins?
I understand that those transactions between Satoshi Nakamoto and Mike Hearn must be very important in
the Bitcoin history,but why should we argue about this?
I`m curious about the bitcoin value back in April 2009.Some forum member here said that bitcoin was free back then.Too sad that i haven`t had a PC and didn`t knew anything about BTC. Sad
Lol, I was about to ask the same question before I came across someone saying the same thing. I don’t really know why these people seriously cares on whether Mike Hearn has Bitcoin or not. Men, common, it’s is his own business, OK? I don’t know why someone would be eating himself up for this, unless there is a reason it’s going to affect the community.
sr. member
Activity: 277
Merit: 250
August 13, 2017, 11:09:41 AM
#20
No surprise, all bigblockers are just pathetic liars, most infamous are Craig, Ver, Andressen, Hearn
sr. member
Activity: 1092
Merit: 257
LuckyB.it is Back!
August 13, 2017, 10:56:03 AM
#19
Assuming this is Mike himself.

https://www.reddit.com/r/btc/comments/6t2ci2/never_before_seen_mike_hearn_satoshi_nakamoto/?limit=500

"I no longer have the keys that were referenced in my initial emails with Satoshi. That's why the remaining coins are unspent. At the time bitcoins had no value at all and nobody else was using the system, so I didn't bother backing up the wallet and eventually lost it."

Satoshi will be hidden from us due to be safe from the secret society of the world. As you some holded bitcoin is safest way to move with the bitcoin by the dev side. In that concern, that will be cen percentage correct.
We need to wait and watch some years to see the future adoption in bitcoin or any other altcoin side.
legendary
Activity: 924
Merit: 1000
August 13, 2017, 10:47:28 AM
#18
Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

Why would he? One of the most renown developers of bitcoin has lost access to his wallet?
In 2009 when he received some worthless tokens in extremely early development (as a simple test), he could easily have lost access to his wallet.  It's not particularly unlikely.
"I no longer have the keys that were referenced in my initial emails with Satoshi. That's why the remaining coins are unspent. At the time bitcoins had no value at all and nobody else was using the system, so I didn't bother backing up the wallet and eventually lost it."
Hang on a second, so this is what you're doing:

-Insulting people for believing Mike when he said he has no coins left
-Believing Mike when he said he has no coins left


Neither.

Whilst reading the emails, assuming they are not fakes, I'd spotted this?

Assuming this is Mike himself.

hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
August 13, 2017, 10:18:38 AM
#17
Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

Why would he? One of the most renown developers of bitcoin has lost access to his wallet?
In 2009 when he received some worthless tokens in extremely early development (as a simple test), he could easily have lost access to his wallet.  It's not particularly unlikely.
"I no longer have the keys that were referenced in my initial emails with Satoshi. That's why the remaining coins are unspent. At the time bitcoins had no value at all and nobody else was using the system, so I didn't bother backing up the wallet and eventually lost it."
Hang on a second, so this is what you're doing:

-Insulting people for believing Mike when he said he has no coins left
-Believing Mike when he said he has no coins left
legendary
Activity: 924
Merit: 1000
August 13, 2017, 08:57:41 AM
#16
Assuming this is Mike himself.

https://www.reddit.com/r/btc/comments/6t2ci2/never_before_seen_mike_hearn_satoshi_nakamoto/?limit=500

"I no longer have the keys that were referenced in my initial emails with Satoshi. That's why the remaining coins are unspent. At the time bitcoins had no value at all and nobody else was using the system, so I didn't bother backing up the wallet and eventually lost it."
sr. member
Activity: 348
Merit: 252
August 13, 2017, 08:38:58 AM
#15
Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

I do not think he encountered a simple reason. His problem is certainly very serious, however, it may also be his decision. And only he can answer this question.
legendary
Activity: 924
Merit: 1000
August 13, 2017, 08:27:29 AM
#14
All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".


Mike Hearn not telling the truth? What a big surprise... Cheesy

My point is that don't FUDers have anything better to do than attack each other over nothing. Do people simple believe everything they are told. If i said i won £1bn in a lottery, 20% of the dippy idiots on here would believe it.
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
August 12, 2017, 11:08:57 AM
#13


The orange blocks in this chart are the ones Mike Hearn supposedly mined. The second block is higher than the first one, so there is an argument that they were mined by the same person, but there isn't any proof that Mike Hearn in particular mined them. (The big black line of blocks is Satoshi again)

If they are Hearn's blocks, I don't know why he would have forgotten to sell those bitcoins. You can see from his blog that he is clearly not interested in Bitcoin anymore. Maybe he lost the coins somehow, or forgot about them.

Unfortunately I can't conclusively say if the emails are genuine or not. Someone could have looked for two otherwise isolated blocks that had moved some coins around and wrote a conversation between Nakamoto and Hearn based on those transactions. We don't know! Sad

It's possible block 11184 was mined by the same person, which is another unspent 50 BTC.
legendary
Activity: 1153
Merit: 1012
August 12, 2017, 10:57:05 AM
#12
All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".


Mike Hearn not telling the truth? What a big surprise... Cheesy
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
August 12, 2017, 10:52:44 AM
#11


I'm doing some block chain analysis to see if these claims stand up. Block 5326 (highlighted above) appears to be a genuine Satoshi block; Satoshi's miner made those big diagonal line patterns with the extraNonce.

I will keep looking at the rest
legendary
Activity: 1288
Merit: 1087
August 12, 2017, 08:15:20 AM
#10
is that really a surprise to anyone?

at that moment he was the fudster. he was trying to scare people into following his ideas. of course he was gonna claim he's all out. such an established bitcoin figure's word has, or had, weight.
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
August 12, 2017, 08:14:03 AM
#9
All the usual FUDers attacking Mike in the past got it wrong.

Mike said he had sold all his coins. If these emails are legit they show he wasn't telling the truth about that. It was Mike who "got it wrong", not "The FUDers".

Curiously why did Satoshi Nakamoto sent 50 BTC on 18th April (mined 23-2-2009 10:05:15) to Mike Hearn. 1AfRNhdvL5zYL1FTxM9mHyYnHuHK4TpLYh. Think about it, Satoshi Nakamoto could have used an earlier block from January when he was mining almost alone. Satoshi Nakamoto picked the address from 23rd February 2009 which was almost mined 2 months prior. Did Satoshi Nakamoto not mine any blocks after 23rd February or did he just randomly pick that address?

Presumably he asked his wallet to send 50 BTC and the wallet's coin selection algorithm picked which utxo to spend. "Coin control" wasn't a thing back then.

I wonder what that algorithm was. The first transaction to Hal Finney spent from block 9, even though all blocks up to block 49 were mature at the time, and all blocks up to 77 were mined by Satoshi.
hero member
Activity: 1456
Merit: 578
HODLing is an art, not just a word...
August 12, 2017, 08:10:50 AM
#8
why are you even talking about Mike Hearn. and who exactly are these FUDers that you think you are talking about. Mike himself said some stuff about bitcoin being dead and it was around the time price was $450. and someone who publicly claims bitcoin is dead will not obviously HODL a dead coin.
in other words you are calling Mike an FUDster. Wink
U2
hero member
Activity: 676
Merit: 503
I used to be indecisive, but now I'm not sure...
August 12, 2017, 08:10:11 AM
#7
Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

It's a huge possibility. These are from 8 years ago and wallet corruption was a big risk. It's too bad that someone who was invested so early ended up being a complete moron when it comes to bitcoins. I doubt he sold everything but idk if he'd have access to these coins anymore.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
August 12, 2017, 08:09:47 AM
#6
Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.

Why would he? One of the most renown developers of bitcoin has lost access to his wallet? Well, that's bs. And why would we care, though? It's his own decision to sell his coins, and if he kept some, so what? Mike Hearn is a part of bitcoin's history since he's one of the few people who Satoshi exchanged emails with during bitcoin's initial development. Also, bitcoin isn't exclusive to some select people, so I guess it's okay for Mike to have his own share.
newbie
Activity: 8
Merit: 0
August 12, 2017, 08:06:04 AM
#5
Maybe he simply lost access to this address ? This is something rather common, sadly. And thus he might have said the truth when he said he sold all his coins.
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