Topic: Satoshi probably started a new coin. - page 2. (Read 2509 times)

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.

While I understand that starters or backers of altcoin would like to spread this idea..it is completely unbelievable.

He knew that if bitcoin was not to be seen as 'his' personal project and truly become a global currency he would have to back off and also limit his own amount of currency.

If he for example owned 50% of all coins.. people found find it strongly unfair and feel they were working for him. To make the currency successful he would need people to take ownership of the idea.

So there is a very very good reason he backed off.

But I think he is still in btc. Perhaps even fully still.

http://www.nytimes.com/2007/04/17/health/psychology/17brody.html?pagewanted=all&_r=0


FugueCoin: Mine 'em till you're rich, then forget you ever mined them. If your FugueCoins are ever stolen, you'll simply forget that the incident ever took place and move on. The beauty of FugueCoins is that even hackers will forget what they've stolen, ergo also useless to them.

Here is a question for you disbelievers, which is pretty good:

How much bitcoin has Satoshi actually spent ?

The not spending of his coins actually supports point 1.

Another funny thing is that sometimes people giving the advice, ignore their own advice and fok up

Also Satoshi is not god or anything, there are other possibilities too, like his systems overheated and melted down.

Or old equipment was used and failed even faster than average day electronics or perhaps opposite, more reliable...

Another possibility which came to mind and question about it:

Did Satoshi use an automated versioning system from the start ? Did it fok up because of bugs?

Did he use a manual versioning system ?

Some claimed his code was messy, thus his mind could be messy, like a nutty professor...

Sometimes professor can be nutty and forget things or make really funny fok ups.

So the messy code could also be taken and seen as a messy/stressed mind capable of fok ups

(Maybe even a frustrated mind that in the start his system wasn't really being used that much).

Which could also support point 1... though I do find this a bit of stretch... but not even that far of a stretch

(Also the encrypted wallet argument might not be valid, I think Satoshi left before that feature was implemented)

Also his systems may have been struck by virusses/trojans... (I find that counter argument somewhat weak...that he might be immunine to that... bad luck with hardware/drivers/bugs/holes/hacks can strike anyone.. though I also find this scenerio somewhat less likely.)

But I have a question about it: What was his development system ? Windows ? Linux ? Something else ? Maybe Unix ? Maybe even OS X ? (small little lol there... probably not  OS X )

Satoshi believes in spending outputs and as long as there is not a competing technology in security, which is not to this date, he would not create a different platform

do you honestly think that a programmer like satoshi who came up with the idea of bitcoin and made it happen, could lose his private keys because bitcoin was worthless back then!!!
i don't know how much longer you guys are going to compare bitcoin with a pump and dump altcoin.

i said BOTH cyber thief and real life thief(i'm not diverting anything, you apaprently forget about how to read correctly a post), read my post again

yes there is a chance, (which is not that slim as you think, remember that Sirius was the other guy that did built this forum, so he wasn't alone and he certainly did not invented bitcoin in some remote place like in a jungle above a mountain at 4k + meters from the ground)

that someone knew about his enormous amount of money and forced it to reveal his passphrase, very far from being un unlikely scenario

1. A man who created bitcoin and who always advised others to keep their private keys is very improbable to lost his own private keys, but it still is possible however.
2. Going back to #1, chances are slim of him losing the private keys. He couldn't mine, yes, but given his talents and skills as a coder, leaving bitcoin is okay because he can still use his wits to get by or get rich.
3. Probable, but I don't think he would ever, ever, start a new coin given that bitcoin reached several milestones already. A man of pure integrity and belief in his own work wouldn't create a new one to counter his previous obra maestra. Instead, he will keep on honing and developing his masterpiece until there are some things left to be developed.

Just my 2 cents.

Stop diverting the argument. You often tend to divert for the sake of winning, which seems to me like a red herring situation? Although, don't bother with this.

You've mentioned cyber theft, now you're saying it has nothing to do with this?
You're telling me that someone found out, managed to steal it and force him to reveal the password in addition to not touching the funds for years? Statistically highly improbable.
I never said that there 'is no chance', stop twisting my words.

Don't make me laugh.  


Update: Yes you are, and here we go again. I'm going to ignore your posts in this thread.

uhm i said real life thief also, which has nothing to do with cybernetic thief, it could be that someone knew about his treasure when bitcoin became big, and thus he forced satoshi to reveal his password or whatever, you are basically telling me that there is no chance that this could have happened, which is blatant wrong

my un-hackable fortress has nothing to do with this...seeing how we are talking about different type of thieves

I highly doubt he wanted to have any involvement in cryptocurrency development after the boom of Bitcoin... But this is just speculation, just as the first post

He is probably a simple person, an engineer, he doesn't live of "glamour and fashion", neither from popularity. He lives from ideas and ideals (and this one is certain: otherwise he wouldn't have bothered in designing and writing Bitcoin).

Who knows? He might be around the forums Or not.

To understand point two you have to look at the original point that OP made:
There are two problems with your desire to win arguments in this one:
1) Stealing an encrypted wallet does nothing, hence it being pointless (if the password is long enough)
2) You're the one that was preaching that you're 'un-hackable' in some thread; so why wouldn't satoshi be as well?  

There is no way that someone was able to trick a man who did so much to extensively and successfully hide his identity from everyone in the world. I hardly doubt that someone so proficient and intelligent would download some malware or key logger. As for the everyday theft, how do you steal Bitcoins from a person if you don't know that he/she owns them?

1) losing does not mean only distractedly, but also because of some thief, no amount of backup will save you at that time

and not only cybernetic thief but also real life thief, many thing could happen that could steal your treasure

1) Yes I agree (It was pulled for a reason)
2)  
3) Do you think these other projects would have anything to do with Crypto currencies? Did Gavin post proof of this or was that just something he said? I have read most of his postings on this forum, and I did not get a negative vibe from it.
Something about this, make the hair at the back of my head go all prickly. hmf  

Yes he started NakamotoDark.

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

I also wouldn't be surprised if Satoshi is also involved in Qora (will post another time why I think so).

1
1) No. Satoshi has so many addresses which most likely extend over several wallets. Losing 1 or two is acceptable, losing all of them isn't.
Besides, who does not have a backup of their encrypted wallet somewhere?
2)
3) Satoshi claimed that he is moving onto different projects when he contacted Gavin the last time. This is only natural.
However, I doubt that he is sticking around and wasting his time on some altcoin.

Absolutely unbelievable scenario.. Even is Satoshi lost some private keys, even without them, he would have been one of the first and the richest in bitcoin because of jumping in so early. Why would he betray his own creation for some shitty alt?
And remember there was no PayCon alternative those days, so not even that was an option

1) maybe it was an accident, we are all human after all, satoshi wasn't a god, it can happen
2) this will only reinforces the first point
3) i don't think he is talking about an altcoin, most likely completely different than bitcoin, not based on blockchain or something, otherwise it would be stupid for him to build a pure clone...

I meant to say that, mining difficulty should not come into picture as he said bitcoin was not worth anything.

Regards