Topic: Satoshi Moving on to Other Things (Read 1179 times)

I mean bitcoin is facing competition from altcoins but it is clear that no one can match bitcoin and threaten its top position.

Do you know why bitcoin always leads in market capitalization and even bitcoin's capitalization is equal to the total capitalization of altcoin market and altcoins always depend on bitcoin? Everything has its reason, nothing is natural, bitcoin still leads because it has the largest community and to do that, it gives them what they need. It's about decentralization, privacy, freedom...have you seen any altcoins that can do this? That's why I say no altcoin can compete with it.

Just because you have chosen to close your eyes doesn't mean the competition will magically disappear.

Bitcoin is leading in market cap but it's not been leading in so many other places for so long now due to it's low capacity and high fees..

There is no reason for him to spend more time and create another cryptocurrency to compete with bitcoin, competing with his favorite product. Furthermore, bitcoin is still the leader and no one can compete with it, there is no reason for him to create a better version than bitcoin at this point.
He chose to remain completely anonymous, I thought he would never appear again in any form. More than 14 years have passed and bitcoin has gone through many challenges to become as successful as it is today, but he has never appeared even in those difficult times. Therefore, there is no reason for him to return when bitcoin is recognized and legalized by the government because he knows that returning to this point could directly affect bitcoin.

His contract with CIA expired so he had to move to other things.
 

Satoshi had closed his cover very neatly, he wouldn't make anything that would give anyone else the opportunity to open the cover again and reveal his true identity. Yes, maybe Satoshi has done something new after his world shaking discovery has succeeded in changing people's views on investing, but who can say what he is doing and where he is now.
Satoshi may be on this forum using a pseudonym account or may be enjoying his retirement while monitoring Bitcoin price movements. If he moves on to something else, he is unlikely to create another Cryptocurrency that can give competition to Bitcoin. he knows, Bitcoin is the result of his extraordinary work, he will not create a competitor to Bitcoin and it is impossible to include his name in the Whitepaper of the new coin because if his coin fails to develop then his name will be at stake.

Satoshi is an exceptional genius, the Beethoven of our time. Bitcoin will lead to a new Renaissance, like the printing press and the florin standard did in their time. He clearly has wealth outside of btc and is probably working on some unrelated database or something.

None of us can really tell what happened to Satoshi Nakamoto and a lot of people here have assumed that he’s dead, which I am not going to agree on. First of all, it’s not everyone that’s interested in fame, there are people who are making money and getting everything they want, but the last thing on their mind is fame, some people just like privacy and they don’t want anyone (media) looking into their life.

So, what if Satoshi is one of those people that prefers to stay and live a private life? It’s very possible. He made it clear that he has moved on to other things, if he was sick like some comments here have pointed out, don’t you think he would have said he’s sick and wouldn’t be around for a while?

It's quite awkward knowing he just leave the responsibility to all of the people including us, with him living freely now and on the other hand, is quite an interesting idea to live your life knowing that you don't need to spend time in jobs after all you've done to bitcoin and all of the wealth you've obtained.

So, one good lesson from this is to always try and do our best to create something that will change the world. One season of great effort might turn the rest of our lives into full time vacation.

I think he is moving to a simple life as he already had enough money to enjoy for the rest of his life.

With his btc owned, he can live financially free so he could already be satisfied with his wealth.

I think that in a daily routine, Satoshi wanted to do, run his own business, which is different from cryptocurrencies. We cannot fully know what business Satoshi wanted to convey to us. This is very attractive when, in addition to crypto, you have a separate business.

I hope everything is okay in his part because of him Bitcoin was invented. I think he is saving more energy in the future because this is a big battle between him and the governments in the terms of money and economy.

There could be many possible reason/s for his decision to step back and all we can do is assume. He might have feared of the unstable or unsure state/future of Bitcoin. He could also be trying to conceal his identity so that once BTC community expand and grew, he could avoid people who are trying to use it for bad acts or he might have feared for his own life. He might be ill, however this is at a low percentage assurance. Or that, he is trying to take care of something huge that he need an ample amount of time.

That could be the right time to distribute and run his new development.

Marvelous thing is that this doesn't matter aside from emotional reasons. BTC doesn't need even it's creator to work.

My guess is that him moving on to other things is probably another project or personal life. Maybe he knew how popular Bitcoin will become and don't want to be involved aftermath.
Those words had me thinking that perhaps Satoshi might be one of those who recently came forward to claim the identity. Or perhaps not.
Truth is, there will be a lot of 'maybes' till the issue of his identity is revealed.

Nope, it will not simply be a knockoff Alt coin like the rest of them, Satoshi is way too smart for that. It will be something groundbreaking and new

and he/she or they will not use the Bitcoin code to develop this technology. Satoshi learnt a lesson from the first Bitcoin and he/she or they will

not repeat the same mistakes. The code used will also not be the same style as was used by Satoshi in the original Bitcoin protocol. People will

not be able to link the two together, when it will be released. 

All coins use the same technology, blockchain. But the blockchain as we know it today can't solve the above mentioned - speed, scalability - issues. The next developed decentralized coin would use a different technology without these issues.


Bitcoin worked without advertising, selling. The new concept would make it the same way and would not work 10 years ago, as for the new concept a crypto community is needed, who will build a great stable network, what would be important for the new concept.


The price today is not important, if the concept is good. The concept will make the future's price.


Maybe he thought that the Bitcoin developers will find a scalability solution and he also tried with the current blockchain - not reached - and developed the next decentralized coin.


Not good enough. We can see the limitations of blockchain, it is a temporary solution. A new concept would be important.

I also doubt the creation of Bitcoin 2.0. To do this, there is a huge amount of altcoins to develop the functionality of crypto, in turn, Bitcoin is the standard of P2P with maximum decentralization and security.

I consider this idea though which might be possible but its hard to believe that he would go for another creation yet Bitcoin is already an exceptional innovative thing that had  been created.Its hard to believe that he would consider on creating version 2.0 of it.Yes, there might be flaws but come to think that the main purpose on why btc is created is for total p2p and it doesnt need to be legalized nor be controlled and with that alone is already a solid reason for people to believe much on bitcoins potential.

All coins use the same technology, blockchain. But the blockchain as we know it today can't solve the above mentioned - speed, scalability - issues. The next developed decentralized coin would use a different technology without these issues.


Bitcoin worked without advertising, selling. The new concept would make it the same way and would not work 10 years ago, as for the new concept a crypto community is needed, who will build a great stable network, what would be important for the new concept.


The price today is not important, if the concept is good. The concept will make the future's price.

what about those altcoins and tokens that we saw ? arent they the new bitcoins that you are talkin about  ? i think they are because btc was the first crypto coin that is introduced and we can say that it was a test to see if it will become a succesor but it did and after that , altcoin and tokens suddenly appeared but those devs are i think not satoshi or related to him   . they only get some idea on the concept of the orginal bitcoin and they make a little change on thier own coin .

exactly

My opinion:
Satoshi Nakamoto is one person and will come back with the improved Bitcoin and with another pseudonym. He will not try to advertise or sell the new concept because he knows that the Bitcoin and crypto community will use it as it will be good.

It would be a shocker if Satoshi started working on the next Bitcoin, because he saw that his invention was open for exploitation. He realized that

the flaw in his invention was the fact that it can be duplicated by anyone, if he could not reveal his identity and then protect his intellectual

property rights. So Bitcoin (BTC) was just the test run for the next Bitcoin, where he would reveal his true identity. I think Satoshi Nakamoto

is more than one person and this group are working on the "legal" version of Bitcoin.   

My opinion:
After 10 years of experience, he is now testing a new concept that has improved all old issues like speed, scalability https://en.wikipedia.org/wiki/Bitcoin_scalability_problem. He will come back with Bitcoin 2.0 but not as Satoshi Nakamoto.

We like putting negativity in something, the fact that satoshi said he was moving on does not specifically mean that he was passing on, he never said he was passing on, the English is clear, maybe after releasing this, it could even be a prototype of the main thing which he has seen that it is getting response, he could be moving on to other bigger projects which may also shock us in the future.

 I so much believe that this satoshi hiding is face is purely a deliberate action, and he must surely come out one day the moment he sees what exactly he wants bitcoin to achieve. If he is not a super human being that was sent from the future, I know surely within me that satoshi is even watching many things we are doing, and maybe still even investing too to test things around.

Satoshi knew that all. He tested all the blockchain with many computers before releasing the applications. He knew what can happen.
He has mined other coins than https://bitcointalksearch.org/topic/satoshis-fortune-lower-bound-is-100m-usddebate-going-on-do-not-tweet-175996. He has enough coins, these addresses we don't know.

I prefer to assume that he is alive and well, obviously this presents the question of how can someone have so much money and not touch it? But there are several explanations, satoshi knows that if he moves his coins then the whole world will know about this in a matter of minutes and if he begins to cash out this will create incredible FUD as everyone will wonder why the founder of bitcoin is cashing out, and an even more important reason is that the authorities will probably want to find his real identity if tries to get to his coins and you can be sure every single intelligence agency will try to find him.

Satoshi started something revolutionary. Its too bad there isn't a face to his name and his work can be claimed by anybody. By moving to other things, I believe, he has moved on from bitcoin, maybe focused on life and family or maybe his health. He won't show up for a long time (or never) and that's for sure.

Yup, that is pretty much the most common theory. After all, who among us can have billions in a wallet and not move a single coin for years and years? If he did not die along the way, the he certainly has the willpower of a god.

i really believe satoshi will never be back anymore.

satoshi may have introduced or even pitched bitcoin and bockchain particularly to someone maybe to a person who are on top of the corporate banking person, this person stop this development because he already sees a threat to the world of banking and then forbid satoshi to go online. somehow satoshi finds a way to upload it and give it a way to the world. satoshi only said he is moving onto other things now but he is probably murdered already.   

if not, they would have stopped Bitcoin.


There is no need. It's not about the concept but the ownership. Bitcoin is in good hands.

Maybe he was Craig Wright and he actually  already invented Bitcoin 2.0  by the name of BSV. That's stupid, I don't think he'll again work on a bitcoin related project. He might be working on a new form of crypto or maybe the work is not related to crypto at all. All we can do is assume, satoshi had the plan to leave bitcoin and disappear without a trace and we should respect his choice.
[/quote]



Haha perfect not possible he was Craig Wright. He want to destroy bitcoin that news negative feedback to the digital currency, I think satoshi not saying that words moving into other things he has the inventor of bitcoin why he need  give negeative statement for their creation.

To make it clear, he said that himself, suppose to be the case without any proof in short assume .

If Satoshi could prove himself at a later stage he would have been back when there was a big battle going on regarding scaling and if he ignored that it is evident that he is not interested to assume that character once again.

Well that could also mean so many things considering the context  of his message. It could also mean that he is developing a system to help with the adoption of bitcoin and cryptocurrency in general or on a vacation somewhere enjoying the bitcoins he has in his wallets.

I think he was very much confident about bitcoin and also about his morale that bitcoin as a technology should continue as a distributed decentralized peer to peer currency. May be this is why he stopped using bitcoin completely and passed it on to be maintained by his trusted peers.
He was obviously a genius which is why he moved on to different things rather than sticking on to one.

Yes as i already said, he is/was a smart guy who know what could happening since the beginning... for me that possibility is more than possible, even most of the things in Hall life fit with the S.N. "life"... Obviously is just an oppinion.

We just dont know whether he will come out of hiding to make something more spectacular or not at all, something might still happen. I just agree, what he did was extraordinary. Bitcoin is likely to change the world completely through its use and features. Bitcoin still has a bright future, although its security will continue to be tested as one valuable asset. In addition, the rate of adoption of bitcoin which continues to increase little by little will affect the success of conventional currencies. My assumption.

Good catch. Most probably his children tho. He wrote that he'll leave all private keys to his children.

You mean bigger than bitcoin? Is there will be? Maybe it have but probably not the one that is related to bitcoin.
That, if Satoshi will be here again. But I doubt that not unless he can access the 980,000 bitcoin in allegedly Satoshi's address.


I don't think so, if you could just read their conversation on early development of bitcoin you could sense they're two different people and besides I'm sure Satoshi or Hal wouldn't create alt account just for the sake of fooling us.

Anyway, just a little bit curious if Hal Finney's account here was been hacked or what? I mean he died August 28, 2014 but he was last active here March 29, 2017.

If satoshi was really an individual as many of us think then it is entirely possible that he indeed moved to something else that interested him more than bitcoin, satoshi was a genius so it is not difficult to believe that he had other projects in his mind that were more important to him than bitcoin, I know this may seem difficult to believe since bitcoin is such a tremendous invention that is going to change the world but maybe he was not passionate about it anymore and he wanted to do something else.

Do you think Satoshi will introduce us to some new concept?

We can't change the fact that it was possible right? but let's just stay optimistic because we can't easily say those things particularly now that Satoshi's identity is still hidden. Also, he/they are the only one who can tell the meaning behind those messages. You have your point there and its absolutely true there are possible things that happened in those years, maybe he's sick or maybe its not about his/their health well I just admire him and his decision because there can be a lot of reason why he have said it. I'll accept it and just be grateful for what he have done for us.  

Well it seems to me the CIA would be more interested in neutralizing threats to the USA, was bitcoin a threat for the USA? It seems to be more a threat for certain types of governments who often happen to be in the opposite side of how America does things. However the project being Free and Open Source software, ensued its continuity regardless of the author. This was the smartest move, once code is released, there is no turning back.

Or maybe he was "quietly removed" as some suggest, but that didn't stop Bitcoin, did it? What would happen to some of the other altcoins if their figure head is imprisoned or gone?

I guess even this is another reason for bitcoin value. The simple fact that its creator is gone, and yet it moves...

exactly what happened to Hal.




Yes, Hal Finney, a very smart guy who could make us believe that he was not satoshi, for me this is the very probably.

satoshi was not that paranoid about being sniped by CIA rifle marksmen. his motives were more so about having multiple occassions where he realised he was becoming a central decider for what was supposedly meant to be a decentralised system
he made a few comments about how he personally didnt want to be reviewing other peoples code and such. and a few times mentioned his dislike for things like SR and also yea gavin doing a lecture infront of government guys.

but it wasnt the fear of the government guys that made him move on it was the realisation that he was becoming to much of a focal point of decision and so he backed off instead of becoming a tyrant on the code..

dark knight quote for short: you either die a hero or live long enough to become the villain

Satoshi was already concerned with the growing interest in Bitcoin. When Gavin decided to go be interviewed by the CIA, it was the last straw.

He moved onto other things that would allow him to roam free without a bullseye on his forehead. Most likely he's currently a Wal-Mart greeter or holding some other such nondescript job.

If anyone's coin be destroyed including Satoshi's then what is the security of the coins you are holding, so do not come up with dumb questions  .

All the members will be welcoming Satoshi if someone who claim can provide the necessary proof cryptographically.

There are many discussion regarding this, Finney had an account here and he used to communicate with Satoshi and help him with the codes during the initial stage.

Probably this. He was dealing with ALS, and he died. He was probably Hal Finney.

he is into 'other things' could mean he is up to bigger things, bigger than BTC. it could mean he is up to set up another project but we are yet not seeing it. but this is if he is still alive.


i always thought he was kidnapped by The Adjustment Bureau but i did not expect he got ill and died due to it, i hope its not tuberculosis because it certainly isn't bigger than BTC.

Theymos: “Bitcoins Belonging to Satoshi Should Be Destroyed” https://bitcointalksearch.org/topic/theymos-bitcoins-belonging-to-satoshi-should-be-destroyed-1469099


Bitcointalk, Theymos, would you support Satoshi's comeback?

Maybe all this time it was Hal and because of that he never wrote a message again on the forum.

A thread created in 2018 replied after 1 year 3 months and 10 days, it's worth though. so funny how we miss such good topic to discuss.
I just found out that Satoshi still responded to email until April 2011 and early May before vanished.
It feels so sad like if your father leave for good, gone forever.

I know, some still hope; by any chance, if Satoshi's btt account suddenly active (online) even just for a few seconds even without he saying anything, it's still a big hope for us to know that he is still alive and watches over the forum.
the question in my head for Theymos since a long time ago, just curious;
If satoshi decides to revive his account, can he do it? or have you blocked his account so that no one can revive it?

Danny has always been firm to his belief that Satoshi had already died prior to the 2013 ATH, and has not changed his stance since. I do also believe that the reason for him stepping down for good is to tackle personal matters involving himself and no one else. Idk why but I always get this feeling that the man behind Satoshi is no other than Hal Finney himself, though many others can say otherwise. Being there since the genesis block, up to the point where everything is working as smoothly as possible and claiming that "Satoshi might be my next-door neighbor" is like trying to tell us something that we just ignored.

Anyhow, I do believe that whatever Satoshi did to bitcoin and the world would forever be remembered, with or without him needing to come back.

I won't be surprised if Satoshi really abandoned bitcoin, ideally he's already giving a clue in his email when he says he's moving on to something. And hiding Satoshi's identity is more likely his intention.


Lol, that sounds his last will and testament.

In contrast with what you believe, I bet Satoshi did not move to another thing. Maybe he was already satisfied knowing that bitcoin manage to survive for 10 years and until now, it is growing and becoming more popular. He is more that satisfied that he don't have to reveal himself. Maybe he's just watching everyone believing in bitcoin. Maybe when bitcoin us just starting, he might have started a new project but now, I doubt it. I think he's alrrady contented with what bitcoin have achieved.

Well said, innovators can't spend the time and the mind on a single project. Once they innovate automatically they'll go for a bigger innovation pushing themselves harder and harder. This way Satoshi moving to find a bigger way isn't a big thing. This is like one beating his own records.

This is so dramatic I think that he moved to other projects, people who innovates can not sit in one place, they have so start doing something, maybe he is searching a way how to create something bigger than Bitcoin

"I’ve moved on to other things" could mean a lot of things. And we can only theorize and create speculations on what those words actually mean. It could mean he has moved on to focus on other things he is fond of. It could also mean that he has another project to start. It could also simply mean "I won't have to be over the Bitcoin project everyday for the rest of my life." Or it might signify retirement. Satoshi might be somewhere detached from the busy world right now.

As long as Bitcoin is alive and growing, people will always be fascinated with almost anything that has some connection with Satoshi Nakamoto. The search for the real guy will continue on and one despite the pleadings of the many to just let the man stay underground, or "rest in peace" if it is true he is already dead, for as long as he want in fulfillment of his wishes. This is just another sign that people are really interested with the origin of Bitcoin and the man who started it all.

Maybe Satoshi Nakamoto decided at that time that he had enough of what he was doing and can no more contribute new with this platform that he started and so he was letting it go all thinking that there will eventually be people who can take the burden for themselves, making this whole thing really not for profit and not for self-serving interests (a litmus test that many later cryptocurrency leaders failed miserably).

I am guessing that maybe Satoshi Nakamoto decided to instead be a good farmer and he is just somewhere enjoying the foods he is harvesting from time to time, enjoying the sunrise and the sunset everyday with his loving family smiling and laughing all the way. Now I am just wondering why he still refused to move his stash of Bitcoin...maybe he also adopted a creed forsaking wealth and materialism?




 

The word 'probably' caught my eye though. So there are chances that he isn't under serious medical condition that is life-threatening. These 'other things' might be focusing on his family, or other endeavors such as only hobbies while enjoying his life away from work done on Bitcoin. Considering he must have enough money to live his life peacefully, he's maybe just travelling or in a peaceful vacation house somewhere.

I think the main reason why he never revealed his identity is to keep off the radar of the US Government and other governing institutions, that is surely does not want decetralized way of things, especially currency in which they draw power. If his identity is known earlier when Bitcoin isn't globally spread, then the government might suppress its development or even threaten Satoshi's life.

It's really open for discussions and interpretation regarding his statement. I think the man is really a genius, his word can disguise anything from moving to other projects, focusing on his/her/they personal life, or because of health issues, his/her/they needed to stop at that time. I guess we can't really find the real reason as he suddenly disappear from obscurity, but will remain relevant because of his invention.

Quite the assumption, I think one in that position would more or less state he's stepping away for personal or health issues. Not that he wouldn't be back that's pretty odd for just battling a sickness.

Very interesting, but lol.  It's like asking the person who invented sex what other things he's moved on to.

Seriously, I can't imagine anything Satoshi can do that would top bitcoin.  Even if he has a million good ideas from now until doomsday, he could always rest on his laurels knowing he invented bitcoin.  It's really a shame that there's no Nobel prize for computer science, although the creation of bitcoin might qualify for the economics prize...tho awarding it might present somewhat of a problem assuming Satoshi's identity remains unknown.

I assume we won't find out the real meaning of "moved on to other things" since only Satoshi knows about it. "Other things" has multiple interpretations and can refer to various things. So, personally, I don't see certain clues to guide us to the meaning of the words. We only can guess some possibilities :

1. He stopped using "Satoshi" as his identity.
But who knows that he really stooped or not, he may use other names.

2. He planned to make Bitcoin to have no owner.
It is matched with the Bitcoin criteria such as decentralized or anonymity.

3. Satoshi no longer leads the development of Bitcoin.
He might think that Satoshi's role as the leader of the development of Bitcoin should end at that moment.
It can be related to security, Bitcoin sustainability, or other vital things.

---

It's purely my own theory. 

I think Satoshi secretly knew that every single part of his life and online presence would one day be examined whenever Bitcoin makes it big and this seems like a good cover story.

When you think like Satoshi, and you've just created probably the most technically advanced crypto-currency in the world, what would you move on to? Unless it was an illness or condition I definetly think it was just an excuse for him to be able to disappear before things got too heated, and I reckon he's still around in crypto, under a different alias, and possibly still on the forum as well.

I think it was just an excuse so that we wouldn't bother searching for Satoshi or the person behind the name.
What if Satoshi is still around and hiding with another pseudonym ?
And this could also be true and could be the reason why Satoshi couldn't comeback to the community.
It has been 10 years now many things could happen maybe before Satoshi even begin creating Bitcoin the person is already sick.

Right now I'm thinking about something else, what about if he moved to... nothing else?

In trying to put ourselves in his shoes, he needed to remain vague, perhaps not to say a real reason. Or simply because its original purpose was to let things be done by a community and not by a single person (Satoshi). Perhaps also it was a good way to create a myth about who's behind Satoshi

I believe he didn't want to have to invent a crazy story to leave the project with a good excuse.

Maybe he was Craig Wright and he actually  already invented Bitcoin 2.0  by the name of BSV. That's stupid, I don't think he'll again work on a bitcoin related project. He might be working on a new form of crypto or maybe the work is not related to crypto at all. All we can do is assume, satoshi had the plan to leave bitcoin and disappear without a trace and we should respect his choice.

LOL how you assume that he died.

We need to look the value and make the money with that if Satoshi comes to live we may expect good price growth considering this as positive move for crypto field. We wish to have the official announcement of Satoshi soon among us.

This ^ and/or the highly lightly possibility that the Bitcoin project had in fact already been 'hijacked' before those emails were sent, although this is just a conspiracy theory and/or speculation at present, perhaps ...

I generally assume he was moving on to battle an illness, and that he lost the battle and died.

In the book "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money", its author (Nathaniel Popper) quotes a couple of emails sent by Satoshi to other members of the early Bitcoin community. This was apparently right before his disappearance from the forum. Here is the excerpt:

[emphasis mine]

Source: https://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X

I couldn't help noticing that Satoshi announced that "he had moved on to other things" on two different occasions.

What do you think these other things could be? From the context, it sounds these things are unrelated to Bitcoin. Maybe he was working on other projects where programming skills were needed.
This can also be interpreted as Satoshi being more or less satisfied with the development of Bitcoin and confident in its intended future.

I know that this is very speculative and impossible to know with certainty, but I would like to hear your opinion.