Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18889. (Read 26634167 times)

https://www.youtube.com/watch?v=LdvQTwjVmrE

Dr. Craig Wright vs Nick Szabo lol 

wright says btc is turing complete like eth....szabo says...er no lol
 from about 16mins

mr wright, making claims like this could lead to an arrest ,lol btw i am not satoshi nakamoto

http://www.forbes.com/sites/timworstall/2013/11/24/the-surprising-bitcoin-connection-between-silk-road-and-satoshi-nakamoto/#580a3955172a

http://www.businessinsider.com/satoshi-nakamoto-and-silk-road-link-2013-11?IR=T

http://bits.blogs.nytimes.com/2013/11/23/study-suggests-link-between-dread-pirate-roberts-and-satoshi-nakamoto/?_r=0

   ok , i cant handle all the things people are saying about bitcoin...i am only going to say this once, i am satoshi nakamoto
i owe lots of $$ and i cant access my premine!
i will not log into any old forums, espescially bitcointalk.
oh i will not comment or contribute to bitcoin scaling issues.
Now please leave me alone!!!!!  

Personally I believe Satoshi is alive and well and has nothing to do with Wright or Kleiman. As for the stash I believe he doesn't even need to touch the initial stash:

a) for ethical reasons / so that noone can say that he used his project to become rich and/or that this is a ponzi scheme to enrich its creator
b) because his skill set can certainly provide for him while living under the radar - he could probably make hundreds of thousands in wages by working somewhere in the field of his expertise, allowing him a comfortable lifestyle (if he didn't have one already). As "twisted" as it may sound, he may be living an intentionally "poor" life.

I believe his stash is definitely accessible. As he said himself, you should never throw a wallet

If he is to use coins, it might be coins he bought from miners, or mined himself, perhaps later (h2 2010, 11/12/13, etc). I suspect he could make an exception if Bitcoin needed critical funding in some area. It has been discussed that at some point there may be an upgrade (with multi-year advance warning) in order to make pubkey coins unspendable if they haven't been moved in a certain timeframe, so as to not have quantum-computing related instabilities where early pubkey coins are accessed and sold. I suspect that in such a scenario he might leave the biggest part (or all) of the stash unmoved so as to be rendered unusable.

As for the "next 100 years", most of the coins won't be mined in 100 years - but in the short/mid-term. We are at a rate of 110k coins per month. By the time we reach the next halving we'll have an extra 3mn coins. And then you go to something like +1.4 for the next four years. If the market is pricing-in a dump of millions of coins that will be PoW'ed in the next years, it can definitely price-in risks like Satoshi's stash. I mean MtGox went out and said "ooops we lost 850k coins" (650k after the 200k discovery) - back when they had double the price and represented a far bigger piece of the "slice".

So I'm not that worried about satoshi's stash.

The master of disguise speaks.

I would be really skeptical of that price estimate, but if there is more data to back that up then be my guest.

The price doesn't look like it is moving at all, and there seems to be absolutely zero momentum with the value to crank it above $455 by tomorrow.

If the price can move above $460 in the next week or so, I'd be surprised. There is nothing at all to move the price.

>460 by tomorrow afternoon

Market "prices in" an event by the probability of that event happening and estimated effect. Sometimes market overestimates it and sometimes it underestimates.

I.E. I'd estimate that chances that PoW will dump another 6MM coins are 99.9% everyone expects it so it's pretty much fully priced in
Chances that someone has private keys to Satoshi's stash before this news was lets say 25% (making up numbers) so only 25% of it was priced in. Now that we have some questionable proof i'd say chances go up to say 60% so market has to adjust, then finally once he moves the coins market will adjust again and it'll be 100% priced in.  

With the qualifier of "at least to some extent"... Everything and anything is already priced in, at least to some extent.

If coins move, some uncertainty is removed. Currently, we are unsure if the satoshi hoard is lost or inaccessible. Knowing that it is accessible would be a big piece of new information, and would result in market reaction.

The future 100 years of newly created coins is known, and almost completely unrelated to the issue at hand.

Here is another weird Craig Wright issue that I've been mulling over. 

Back in November, so-called @BitcoinBelle moderated a so called "All-Star Panel" at a bitcoin conference, that included Ed Moy, Joseph VaughnPerling, Trace Mayer, Nick Szabo, and good old Craig Wright.  https://www.youtube.com/watch?v=LdvQTwjVmrE

This was shortly before the so-called leak of Craig being SN.  At the time, Craig was not well known in the bitcoin panelist world, and did seem to stand out as being less of an "All-Star" than others.  (Szabo in particular seemed to think he was a a fool).

When the Craig / SN "leak" surfaced shortly thereafter, many wondered why Craig was at the meeting, and whether @bitcoinbelle was involved in some way.  (And note that my comment describing the ATO tax credit fraud angle on Craig was in that chain, which to toot my own horn, was one of the earlier detailed articulations of this theory, as far as I know.)  https://www.reddit.com/r/Bitcoin/comments/3w9xec/just_think_we_deserve_an_explanation_of_how_craig/

Now, from looking at more recent tweets by @bitcoinbelle, we see an interesting exchange between her and Joseph VaughPerling.  https://twitter.com/BitcoinBelle/status/727470504932720640

Of note:


JVP = Joseph VaughnPerling = @haq4good


And then:  https://twitter.com/BitcoinBelle/status/727207098442993665

Of note:


And:


And:


So, the sequence seems to be that @bitcoinbelle was instrumental in getting Craig into that panel.  Part of the motivation was to put JVP and Craig in the same room, probably because Craig had intimated to her that he was SN and a "leak" was imminent.  JVP initially denied that Craig was SN, and later changed his tune.

JVP could have denied the connection because he was keeping SN / Craig's identity secret.  Or, maybe JVP really didn't connect Craig with SN, but later had some reason to support the Craig = SN story for unknown, and possibly suspect reasons.

And, FWIW, @bitcoinbelle currently seems to think that Craig is a fraud.  She claims he hacked her twitter, and that he turned kind of pervy on her.  https://twitter.com/BitcoinBelle/status/727336811899543553  https://twitter.com/BitcoinBelle/status/727346525106491392

I don't really know what to make of this, but on the off chance that people on this board know more about the character and motivations of some of the people involved, I throw it out there.

(Also, I'm not sure exactly how twitter links function, you may have to click "viewconversation" on the links I provided to see the back and forth).

I've been hearing this for so long that it doesn't even make sense because such an uncertainty should always be priced-in. I mean if Satoshi tomorrow sends the coins to the bitcoin-eater address then that would be perceived as a "positive" move, raising the market, which would indicate that the market had already priced-in the uncertainty (otherwise it would not move at all). So it is priced in already - at least to some extent.

Besides, we know for a fact that PoW mining is going to "dump" on us another 6 million coins in the future. What difference would 1 million coins do - that already exist and are already priced-in in terms of market supply and scarcity? Not much.

wouldn't that be something, a performance never seen.

I am right knackered of ponces wanging on like some sodding MI6 bonnets.  Barmy spanners!  

   I'll just indent this paragraph and totally throw you off

---

Great bitcoin video; if lazy, start here: https://youtu.be/DJklHwoYgBQ?t=297

Frankly, strictly from the volatility perspective this is the best way for Satoshi to be revealed. Instead of sending a massive shock by suddenly moving BTC1.1M coins. First spread rumors of it, let market price it in, then give some questionable proof, let market price in the chance that those coins are not lost, assure that coins are in trust and won't be dumped on market, finally give concrete proof.

I think that there is a few reasons why people, including me, care, and like you said, one thing is to know whether someone has the private keys to possibly more than a million coins.

Yet, I believe that the way the last set of shenanigans unravelled involving Gavin, and potentially one last gasp at causing a reopening of the XT/Classic debate brings a whole hell-of-a lot of uncertainties to matters that we were expecting had been largely resolved a few weeks ago with the progress of seg wit and the lack of meaningful opposition to seg wit.

Yeah, I suppose we don't need to give a shit if we can resolve the matter in our own heads, but we cannot fight the fact that if some of these matters remain unresolved, then they continue to have an undue impact on the thinking of others and market behaviors (price, etc.)... Resolution means resumption of our bull trend and the revisit of $467 et al.

who was the gamer?
if you think about it POW mining is kinda like, running a bot that kills monsters and pick up gold for you.
i think a gamer would have been way  more likely to come up with POW.

To me Satoshi is the one who kept mining all the coins when everyone else thought Bitcoin was a joke that would never work. Despair for the project reached such high levels that Satoshi stopped posting here for months, but he kept on mining.

By January 01, 2010 there were only 21 users registered here, which shows how small the community was. AgoraMutual was number 21 to register, and looking at his profile he was trying to sell Oil and Lube.

https://bitcointalksearch.org/user/agoramutual-21

Id say the only reason we care is because of the 1 million coins.

Care?

I would say it doesn't matter, but people are interested because, well...  it's difficult to make this stuff up.  Especially after so many failed "discoveries" of Satoshi.  The more you dig into this one, the more insane the it becomes.  It's also possible, if there's any validity to what several parties are saying, that it could offer some finality to the uncertainty around those 1.1M or so coins.

It's not that crazy strange to suspect Dr. Wright is in pursuit of those coins.  Assuming he would immediately go 20x long (okcoin), that's potentially $10B notional he's missing out on.   

Don't see why people care this much   short of some religious fanaticism. I mean it'd shake his hand and thank him for creating BTC and all but am i really the only asshole who only really cares if someone has private keys to Satoshi's stash?

At this point the idea is way more important than the person/entity creating the idea. I mean the team who created Internet/first protocol must've been awesome but how many people know/care who they are?