Topic: Satoshi probably started a new coin. (Read 2524 times)
don't think he's spending time and effort on a new digital currency. even if he did, it won't come near to bitcoin as people don't fall for altcoins anymore.
I'm pretty convince he has.
BurstCoin.
...
So let Satoshi revolution the world a second-time: help Burst get some VC funding.
And, as I said, I'm not kidding.
BurstCoin.
...
So let Satoshi revolution the world a second-time: help Burst get some VC funding.
And, as I said, I'm not kidding.
Every coin out there will be claiming Satoshi invented it next and asking for VC funding on the basis of it. Satoshi never tried to get VC funding for Bitcoin and it's done fine without it. If BurstCoin's so good then it will also do fine without any VC funding. A NXTer already tried claiming Satoshi = BCNext and it didn't work. Claiming Satoshi = BurstCoin dev won't work either.
Fun thing is that we will never know. BurstDev is as anonymous as Satoshi was, while he really has no need to be that (if he's not Satochi).
I'm pretty convince he has.
BurstCoin.
...
So let Satoshi revolution the world a second-time: help Burst get some VC funding.
And, as I said, I'm not kidding.
BurstCoin.
...
So let Satoshi revolution the world a second-time: help Burst get some VC funding.
And, as I said, I'm not kidding.
Every coin out there will be claiming Satoshi invented it next and asking for VC funding on the basis of it. Satoshi never tried to get VC funding for Bitcoin and it's done fine without it. If BurstCoin's so good then it will also do fine without any VC funding. A NXTer already tried claiming Satoshi = BCNext and it didn't work. Claiming Satoshi = BurstCoin dev won't work either.
so dumping for him would be a good thing, also remember that he say in 20 year bitcoin will be nothing or really big, so he has taken into account the fails of bitcoin, and do you think he is that stupid to "baghold" 1M coins if bitcoin will fail?
He mined the coins on his computer when the difficulty was very low, the electricity costs were therefore insignificant. The real "investment" were the years of unpaid work put into developing bitcoin. He never seeked seed capital or asked for any sort of financial help, so it is safe to assume he was doing fine financially and his main intention was not to enrich himself, unlike all these premine and ICO shitcoins out there nowadays. He believed in the idea and wanted to see it make a wide impact. So no, dumping all his btcs is not a good thing for him.
Besides 1M is just a guesstimate as no one knows for sure which wallets belong to Satoshi. I do believe the bulk of the early mined coins will be left untouched as the purpose was to keep the network running, not hog all the coins. But I think he still has a decent (and fair) amount of it. out of all the btcs that were distributed in the beginning, how do you know some of them did not end up at other wallets that Satoshi had and later used to buy stuff or sell for fiat??
"Satoshi" might even be reading this and chuckling at the idea that he lost all his keys or left bitcoin for a altcoin
How do you find someone who has spent a lifetime covering his tracks?
For some, he was a guardian angel. For others, a ghost, who never quite fit in.
For some, he was a guardian angel. For others, a ghost, who never quite fit in.
i think you are partially correct, no one can know for sure that satoshi's intentions were not aiming at enriching himself
what if he created the whole bitcoin thing just to take advantage of the early diff, knowing that he will be the only one in the network(maybe it wasn't his intention at first but it could have been grown later on him when he see the potential in price of his creation), and so mining a shitload of coins
so dumping for him would be a good thing, also remember that he say in 20 year bitcoin will be nothing or really big, so he has taken into account the fails of bitcoin, and do you think he is that stupid to "baghold" 1M coins if bitcoin will fail?
He mined the coins on his computer when the difficulty was very low, the electricity costs were therefore insignificant. The real "investment" were the years of unpaid work put into developing bitcoin. He never seeked seed capital or asked for any sort of financial help, so it is safe to assume he was doing fine financially and his main intention was not to enrich himself, unlike all these premine and ICO shitcoins out there nowadays. He believed in the idea and wanted to see it make a wide impact. So no, dumping all his btcs is not a good thing for him.
Besides 1M is just a guesstimate as no one knows for sure which wallets belong to Satoshi. I do believe the bulk of the early mined coins will be left untouched as the purpose was to keep the network running, not hog all the coins. But I think he still has a decent (and fair) amount of it. out of all the btcs that were distributed in the beginning, how do you know some of them did not end up at other wallets that Satoshi had and later used to buy stuff or sell for fiat??
"Satoshi" might even be reading this and chuckling at the idea that he lost all his keys or left bitcoin for a altcoin
How do you find someone who has spent a lifetime covering his tracks?
For some, he was a guardian angel. For others, a ghost, who never quite fit in.
For some, he was a guardian angel. For others, a ghost, who never quite fit in.
But I think he is still in btc. Perhaps even fully still.
yep, very likely.
He spent years developing bitcoin and proving it could work, amassed a significant amount of it, when it finally starts to gain recognition he just simply walks away from it?
nah
Very likely just said that to take off the attention. He "switched off" the Satoshi persona and undertook a different pseudonym.
why not? notice like he is not here anymore(one could argue that he isn't here because bitcoin is too big and he is holding a fortune, so he want to stay anon 100%, still can't explain why he was missed long before that happened...) there is a chance that he don't care about bitcoin anymore
so dumping for him would be a good thing, also remember that he say in 20 year bitcoin will be nothing or really big, so he has taken into account the fails of bitcoin, and do you think he is that stupid to "baghold" 1M coins if bitcoin will fail?
I'm pretty convince he has.
BurstCoin.
I'm not kidding. This coin has some features that the colored coins will offer, but it still very close to PoW mining. However, PoW and BTC has the problem of power. How much are our natural research are ethical motivated to allocation to mining?
BURST solved that in an amazing way. It stores "plots", created by your GPUs or CPU but only once. When mining those plots are read to see if you a have a solution and my create the next block.
The electricity cost of an HDD is not even comparable to a constantly running ASICs or GPU, an even less so if you are using the computer stays on most of the day.
On the theoretical level, the research done and implemented is stunning. The problem for Burst is funding. They didn't do any crowdfunding or IPO/ICO and all devs and PR efforts have to be paid by donations. But that is not working out. There last major innovation was a true cross-chain transaction, but even if it works perfectly not even a proper PR was writing or circulating.
Very old school. And the way I think Satoshi would do it.
So let Satoshi revolution the world a second-time: help Burst get some VC funding.
And, as I said, I'm not kidding.
BurstCoin.
I'm not kidding. This coin has some features that the colored coins will offer, but it still very close to PoW mining. However, PoW and BTC has the problem of power. How much are our natural research are ethical motivated to allocation to mining?
BURST solved that in an amazing way. It stores "plots", created by your GPUs or CPU but only once. When mining those plots are read to see if you a have a solution and my create the next block.
The electricity cost of an HDD is not even comparable to a constantly running ASICs or GPU, an even less so if you are using the computer stays on most of the day.
On the theoretical level, the research done and implemented is stunning. The problem for Burst is funding. They didn't do any crowdfunding or IPO/ICO and all devs and PR efforts have to be paid by donations. But that is not working out. There last major innovation was a true cross-chain transaction, but even if it works perfectly not even a proper PR was writing or circulating.
Very old school. And the way I think Satoshi would do it.
So let Satoshi revolution the world a second-time: help Burst get some VC funding.
And, as I said, I'm not kidding.
I don't think you're theory is a thing. He has invested so much time and "himself" into bitcoin that I think he would rather stick with his creation. He must be a millionaire. I can't imagine he would do this for the money and that would be the only reason to start a new alt coin and promote it to succeed.
I know right people love to add more to the plate then what it has, the altcoin industry is down right now, if satoshi hasn't moved any of his wallets why would he create a new coin when he has enough to back up his life with bitcoin.
I don't think you're theory is a thing. He has invested so much time and "himself" into bitcoin that I think he would rather stick with his creation. He must be a millionaire. I can't imagine he would do this for the money and that would be the only reason to start a new alt coin and promote it to succeed.
afaik Satoshi went "dark" when government reached out to Gavin for questioning. And since creating any form of money by a citizen is prohibited, it doesn't surprise me he did just that.
I find this somewhat weird:
1. Creating any form of money by citizen ends the citizen up in jail.
2. Developing said 1 further does not end up citizen in jail ?
Too funny.
Could be a trap for him though:
1. Legalize bitcoin.
2. Wait till he spends coin.
3. Then say it was all a big fat joke/lie to trap him ! =D
There's a big difference between the time bitcoin was created and now, altho even now it's not cristal clear as to what bitcoin should be referred as legally.
Satoshi backed off because the future was unclear, and he didn't want to risk it.
Regarding your trap idea, well, i doubt government would go into such an extent just to make an arrest, there are better ways to do that.
cheers
afaik Satoshi went "dark" when government reached out to Gavin for questioning. And since creating any form of money by a citizen is prohibited, it doesn't surprise me he did just that.
I find this somewhat weird:
1. Creating any form of money by citizen ends the citizen up in jail.
2. Developing said 1 further does not end up citizen in jail ?
Too funny.
Could be a trap for him though:
1. Legalize bitcoin.
2. Wait till he spends coin.
3. Then say it was all a big fat joke/lie to trap him ! =D
did he lose his private keys
lol, how can you lose the most important thing (private key) to something that you create?!!
sorry but this is honestly the stupidest thing i have ever heard.
lol, how can you lose the most important thing (private key) to something that you create?!!
sorry but this is honestly the stupidest thing i have ever heard.
This is interesting, let's suppose he did not loose his keys, but instead he lost his wallet. The keys are somewhere on a piece of paper ?!
How hard would it be for him to match the keys to the possibly many addresses that were generated ?
Also how many addresses and/or keys would he have needed to write down on paper ?
Why do you insist on the theory that he lost anything?
Is it so hard to believe that he is just using his bitcoins as store of value and being the firt hodl-er ?
cheers
did he lose his private keys
lol, how can you lose the most important thing (private key) to something that you create?!!
sorry but this is honestly the stupidest thing i have ever heard.
lol, how can you lose the most important thing (private key) to something that you create?!!
sorry but this is honestly the stupidest thing i have ever heard.
This is interesting, let's suppose he did not loose his keys, but instead he lost his wallet. The keys are somewhere on a piece of paper ?!
How hard would it be for him to match the keys to the possibly many addresses that were generated ?
Also how many addresses and/or keys would he have needed to write down on paper ?
afaik Satoshi went "dark" when government reached out to Gavin for questioning. And since creating any form of money by a citizen is prohibited, it doesn't surprise me he did just that.
Thinking that he went to create some shi*coin is insane, since he is considered to hold big piece of bitcoins, and the fact he is not spending them only shows that he knows what
he is doing. If he was to spend the coins, it would create a flood of bad comments how "the founder is dumping his coins" and what not.
Litecoin creator identity is known, so what are you trying to say, that Satoshi= Charlie Lee ? That's just dumb idea. If he was to bounce to a new coin every year or so, it would
make 0 credibility for him and the bitcoin.
btw. imho litcoin is just another shi*tcoin, created to be asic resistant; and look at it now, whereas bitcoin is still doing what it was created to do, so please don't try to insinuate things to
try to increase people's confusion.
cheers
Thinking that he went to create some shi*coin is insane, since he is considered to hold big piece of bitcoins, and the fact he is not spending them only shows that he knows what
he is doing. If he was to spend the coins, it would create a flood of bad comments how "the founder is dumping his coins" and what not.
Maybe litecoin... or maybe a coin in the future ! 
=D
=DLitecoin creator identity is known, so what are you trying to say, that Satoshi= Charlie Lee ? That's just dumb idea. If he was to bounce to a new coin every year or so, it would
make 0 credibility for him and the bitcoin.
btw. imho litcoin is just another shi*tcoin, created to be asic resistant; and look at it now, whereas bitcoin is still doing what it was created to do, so please don't try to insinuate things to
try to increase people's confusion.
cheers
did satoshi create a new altcoin?
meh, this is unlikely
did he lose his private keys
lol, how can you lose the most important thing (private key) to something that you create?!!
sorry but this is honestly the stupidest thing i have ever heard.
satoshi created a new coin to mine and get rich
not everybody earns money from pumping altcoins, you can work as a programmer and earn a lot more than that if you are good!
meh, this is unlikely
did he lose his private keys
lol, how can you lose the most important thing (private key) to something that you create?!!
sorry but this is honestly the stupidest thing i have ever heard.
satoshi created a new coin to mine and get rich
not everybody earns money from pumping altcoins, you can work as a programmer and earn a lot more than that if you are good!
I wanted to post this before... but I forgot my password, and password reset wasn't working lol... maybe because of forum hack... but anyway.. now it's working again and I am glad I can post again...
Cause I did want to share my thought with you on this... perhaps this theory/hypothesis has already been discussed exactly like this or perhaps not but here goes:
So I think I know who Satoshi might be, all I have to do is think "What would I do if I were him ?" since I am a developer too, so I can think a little bit like him, the story probably goes as follows:
1. Satoshi lost his keys during development... while bitcoin was still worthless.
2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.
So the next logical thing for him to do is:
3. Start a new coin... and mine it early to get rich once again ! LOL.
PROBLEM SOLVED ! LOL.
And indeed... Satoshi did seem to leave bitcoin....
So the question is which new/alternate coin is he now in ?
Maybe litecoin... or maybe a coin in the future ! =D
Bye,
Skytoshi ! =D
1. Satoshi is founder of bitcoin. I think he won't lose his private key in development. Except he wrote his private key on paper and that paper was burn.Cause I did want to share my thought with you on this... perhaps this theory/hypothesis has already been discussed exactly like this or perhaps not but here goes:
So I think I know who Satoshi might be, all I have to do is think "What would I do if I were him ?" since I am a developer too, so I can think a little bit like him, the story probably goes as follows:
1. Satoshi lost his keys during development... while bitcoin was still worthless.
2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.
So the next logical thing for him to do is:
3. Start a new coin... and mine it early to get rich once again ! LOL.
PROBLEM SOLVED ! LOL.
And indeed... Satoshi did seem to leave bitcoin....
So the question is which new/alternate coin is he now in ?
Maybe litecoin... or maybe a coin in the future !
=DBye,
Skytoshi ! =D
2. He can buy so many ASICs miner with his premined coin when bitcoin was still in development.
3. I think he won't make a new coin and become rich with premined coin trick.
Satoshi is a mysterious man and i don't know where is he right now
I think Satoshi is behind Namecoin.
Hints:
- Namecoin's founder (Vincent Durham) is also an unknown person/pseudonym. Similar 'strategy' as for Bitcoin.
- Namecoin is the first fork of the Bitcoin software, (one of the) first alt coin
- Satoshi Nakamoto was in a discussion about a hypothetical system called BitDNS here on this forum in 2010
- Namecoin includes ideas/features that seem to be relevant for Satoshi according to his posts
Hints:
- Namecoin's founder (Vincent Durham) is also an unknown person/pseudonym. Similar 'strategy' as for Bitcoin.
- Namecoin is the first fork of the Bitcoin software, (one of the) first alt coin
- Satoshi Nakamoto was in a discussion about a hypothetical system called BitDNS here on this forum in 2010
- Namecoin includes ideas/features that seem to be relevant for Satoshi according to his posts
I think it is very likely that "Vincent Durham" aka "vinced" was Satoshi. A double spacer like Satoshi, he appeared a few months after Mr. Nakamoto vanished.
See Zooko's Triangle:
https://en.wikipedia.org/wiki/Zooko's_triangle
Quote
Computer scientist Nick Szabo illustrated that all three properties can be achieved up to the limits of Byzantine fault tolerance.[3]
The internet activist Aaron Swartz described a naming system based on Bitcoin which tries to square Zooko's triangle by employing Bitcoin's distributed blockchain as a proof-of-work to establish consensus of domain name ownership.[4] These systems remain vulnerable to sybil attacks,[5] but are secure under Byzantine assumptions. A few months after the proposal, Namecoin was released which implements the concept.
The internet activist Aaron Swartz described a naming system based on Bitcoin which tries to square Zooko's triangle by employing Bitcoin's distributed blockchain as a proof-of-work to establish consensus of domain name ownership.[4] These systems remain vulnerable to sybil attacks,[5] but are secure under Byzantine assumptions. A few months after the proposal, Namecoin was released which implements the concept.
So I think I know who Satoshi might be, all I have to do is think "What would I do if I were him ?"
Is is the same person Ted Nelson thinks it is?
https://www.youtube.com/watch?v=emDJTGTrEm0
Living in Japan I feel like he is everywhere
I would guess that Satoshi views the alt sections and sprays a fountain of vomit in disgust all over his/her/their screen.
A full on visionary is not going to dick around with shit coins. If financial considerations were a factor, BTC still outweighs everything else by a country mile.
A full on visionary is not going to dick around with shit coins. If financial considerations were a factor, BTC still outweighs everything else by a country mile.
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