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Topic: What If Satoshi Actually Lost His Private Keys - page 2. (Read 3554 times)

legendary
Activity: 2212
Merit: 7064
I don't know about Satoshi keys,
but I am getting sick and tired of clown Craig Wrong
as he is again active claiming he wrote WP
https://www.coindesk.com/craig-wright-again-claims-authorship-of-bitcoin-white-paper

I don't know if he is a mental patient, lunatic or super greedy are all together.

Please prove me Wrong and reveal your keys...
hero member
Activity: 2156
Merit: 803
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I am not saying that I believe his story what so ever. Lets say Satoshi Nakamoto DID really lose his keys due to a freakish accident. Would there be any way he could actually prove himself.

If Satoshi was to log into the Satoshi Account on this forumn and say I lost all of my Bitcoin keys, would anyone believe him?

Would a post here be enough proof?

If THE Satoshi logged in after almost 10 years of being Non Active and said word for word what the Newest Satoshi Scammer is saying but said it on this forumn would the community believe him, or would everyone just think his founder account had been compromised? I am curiouse on everyones thoughts on the subject. If from a previouse satoshi acct he said the same thing. I feel I would kind of trust him...

I doubt he will lose his private key.

Since you are asking a hypothetical question, then let me assume if he looses his private key I will still not believe him if by anyways he is able to login to his BTT account. There only one way and that is through the private key.

I doubt he will lose it after all he is the creator of Bitcoin.. 
sr. member
Activity: 434
Merit: 270
 If Satoshi Actually Lost His Private Keys , then those 980k btc are lost forever or until someone breaks bitcoin encryption.

but i think satoshi is dead already, coz when btc price was rocket high, he could have moved those btc of his and live happy retirement life.,

but  cant tell what his vision is.

sr. member
Activity: 1988
Merit: 453
If Satoshi was to log into the Satoshi Account on this forumn and say I lost all of my Bitcoin keys, would anyone believe him?

Accounts registered to this forum are being hacked every now and then. I have heard of 2-3 such incidents, with the first one occurring in 2011. So I won't trust if someone logs in with the Satoshi account and makes a post here. If Theymos personally confirms that the post was made by Satoshi, then it is OK. If not, I will just ignore the post.
legendary
Activity: 1526
Merit: 1179
So, even in case Satoshi lost his Bitcoin keys, he'd still be able to use some of his old accounts or PGP keys to prove his identity. And this is why I don't believe any claims that don't have any legit evidence whatsoever, literally anyone can say "I'm Satoshi and I lost my keys".
Unfortunately, news outlets as hungry for clicks and views as they are, they will continue to report about people who claim to be satoshi but aren't in reality. News outlets know that too, they just use it as an opportunity to create content.

And then we have crypto related social media influencers who create podcast style videos on YouTube where they read news articles. This makes fake satoshis gain even more exposure, which is exactly what they are after.

So far it has always paid off to pretend to be satoshi and I can't see it change due to what I wrote above. At the end of the day, we talking about it here is a form of exposure too, and this has helped Craig Wright gain a lot more followers.
member
Activity: 1260
Merit: 21
Well that will be too bad if he actually lost his private key, i mean all the btc locked in those wallet will forever remain lost because a genius like nakomoto couldn't keep his keys safe Roll Eyes
i hope not, because that will really be messed up not to mention a huge waste of btc to the trash, what good are btc that can't be access in a wallet Roll Eyes
member
Activity: 201
Merit: 10
I don't think so, Satoshi is the mastermind behind the blockchain technololgy and it's too smart that he would back up his private keys. I think the reason why he has not yet moved any of his cryptocurrencies is because that is one way of keeping the bitcoin community strong and letting us know that he still believes in his technology and also to prevent others from thinking that he is going to dump his bitcoins on the entire market.
member
Activity: 686
Merit: 35
This is just personal assumption, there is no way to prove that he lost his priv key, besides Satoshi don't want to be known, he wants to remain anonymous so why will he bother signing with private ket? The guy wants to remain hidden so i guess it's about time people respect that and stop creating unnecessary attention.
sr. member
Activity: 2604
Merit: 338
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If Satoshi was to log into the Satoshi Account on this forumn and say I lost all of my Bitcoin keys, would anyone believe him?

I think some would believe but they shouldn't. After such long time his account  could be hacked/password guessed etc.
There is too many situations that could lead to false informations beign spread. He wouldn't ever put information like this if he care about his project.
Did you guys read the first page replies?

His account is locked, so no. If he wants to claim his account, he'll have to contact me with a PGP signature.
Theymos locked his account so that if any hacker would like to take his account will need to verify it first to him. There is no chance that someone could bruteforce his account with guessing passwords.

I don't believe that Satoshi did forgot his private key when he is that knowledgeable to hide his path. It is enough to me that he really knows what is he doing.
jr. member
Activity: 368
Merit: 2
I think this proof of identity as Satoshi is just trivial. For many years many people who are interested in cryptocurrencies and obviously bitcoin, are interested in finding out real facts about the real Satoshi. The information on Satoshi Nakamoto which is available on many online portals is not coherent, so the mystery would just continue for long.
legendary
Activity: 2296
Merit: 1014

If Satoshi was to log into the Satoshi Account on this forumn and say I lost all of my Bitcoin keys, would anyone believe him?

I think some would believe but they shouldn't. After such long time his account  could be hacked/password guessed etc.
There is too many situations that could lead to false informations beign spread. He wouldn't ever put information like this if he care about his project.
sr. member
Activity: 1176
Merit: 301
I am not saying that I believe his story what so ever. Lets say Satoshi Nakamoto DID really lose his keys due to a freakish accident. Would there be any way he could actually prove himself.

If Satoshi was to log into the Satoshi Account on this forumn and say I lost all of my Bitcoin keys, would anyone believe him?

Would a post here be enough proof?

If THE Satoshi logged in after almost 10 years of being Non Active and said word for word what the Newest Satoshi Scammer is saying but said it on this forumn would the community believe him, or would everyone just think his founder account had been compromised? I am curiouse on everyones thoughts on the subject. If from a previouse satoshi acct he said the same thing. I feel I would kind of trust him...
First of I don't think that the creator would really lose his/her key for sure the real Satoshi would be smart enough to make a copy of it and make sure that it is safe.
And to be honest there is nothing that could prove that they are the real Satoshi unless they could open the wallet of the owner.
I don't think people would believe it if Satoshi's account in this forum would post something unless theymos backed it up.
legendary
Activity: 1778
Merit: 1009
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All these theories are just that.  For my vote, there is absolutely NO way Satoshi lost his/her private keys.  He may be dead (doubtful) but if so then he is not the one claiming to be Satoshi now is he?  I cannot imagine seeing evidence that would convince me if he/she can't sign the btc address.
--

What about other coin developer that built those other crypto coins that we currently see today ?  We can see thier devs on public and they are not afraid to expose thier identity even if they knew that someon can get jelous and do threats with them but they are still here alive and kicking until now  .  nothing really wrong with that to show up and it does not matter at all even if your creation was anonymous or decentralized

It's because some of the coins that have been created by the other devs are not quite good. I mean, Bitcoin has the original technology which is blockchain and it's being copied by several developers. So if there's an issue regarding about the decentralization, who will be your first target? definitely the founder. Altcoins aren't good enough and sometimes you can call them shitcoins.

Those people aren't scared because they imitated the blockchain and it's not against the law since it's technology, you can be innovative on some existing technology. While satoshi, who made a huge difference between a digital currency and fiat will be targeted by the government if there's happening in the economic stability of their country.
hero member
Activity: 2268
Merit: 588
You own the pen
This scenario will be possible however, we are not talking some random guys who own some bitcoins. it is Satoshi we are talking about the one who made Bitcoins for us. I'm sure he has some sort of way to recover what he lost. I mean the Private key he lost he has some option to recover it.

There is no way I believe that he cannot take it back when he lost it because that's so impossible I'm sure he knows something that we ordinary holders doesn't know.
legendary
Activity: 3038
Merit: 2162
I am not saying that I believe his story what so ever. Lets say Satoshi Nakamoto DID really lose his keys due to a freakish accident. Would there be any way he could actually prove himself.

If Satoshi was to log into the Satoshi Account on this forumn and say I lost all of my Bitcoin keys, would anyone believe him?

Would a post here be enough proof?

If THE Satoshi logged in after almost 10 years of being Non Active and said word for word what the Newest Satoshi Scammer is saying but said it on this forumn would the community believe him, or would everyone just think his founder account had been compromised? I am curiouse on everyones thoughts on the subject. If from a previouse satoshi acct he said the same thing. I feel I would kind of trust him...

It is possible that Satoshi lost his keys, but it's not very likely, because a good cryptographer knows the importance of keys and how to store them. Bitcoin keys from early blocks, especially genesis block, is a strong evidence, but it's not perfect evidence, since the keys can be stolen, and not the only evidence, because there are Satoshi's public accounts.

So, even in case Satoshi lost his Bitcoin keys, he'd still be able to use some of his old accounts or PGP keys to prove his identity. And this is why I don't believe any claims that don't have any legit evidence whatsoever, literally anyone can say "I'm Satoshi and I lost my keys".
legendary
Activity: 3766
Merit: 1217
My opinion is that Satoshi might have never cared to store the private keys. He was mining coins in 2009 and 2010, and back then the prices were around $0.001 per coin. He was storing these coins in a large number of wallets and each of them had a different private key. There is a very high chance that he might have taken the mining just as a recreational activity and might not have wrote down or stored the keys. His aim back then was to encourage other people to use Bitcoin, and I guess he mined those coins so as to get the mining hashrate high enough to give an impression of a fledgling system. Even in case he stored all those private keys, there is a chance that he was careless about the storage and lost them in some freak accident.
full member
Activity: 714
Merit: 100
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As the OP said, I do not also believe the self proclaimed guy but one thing that most of us(i and my friends) do discuss is the the real SATOSHI losing his private keys. I wasn't surprised when this guy ended up saying that thing in my mind everyday since I realized the inventor of this great tool is anonymous.

On your idea that him posting on the forum to prove his identity, I still think majority of the members wouldn't bave believed him if he did that because his email wasn't ever hacked not to talk of bitcointalk forum account.
legendary
Activity: 2450
Merit: 1047
As a creator of Bitcoin, I doubt that he will lose it, he makes Bitcoin unrecoverable without the private keys, so why would he lose it, I have a strong belief that he also create something that can protect private keys or easily recoverable and he is using it for himself.

He is good at securing things, just check how good he is at securing himself from being exposed.
hero member
Activity: 2604
Merit: 816
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I don't believe if Satoshi lost his private keys, but that could be possible as Satoshi is human who can forget which he keeps his private keys. I think he will find a way to get his private keys as he is the founder of bitcoin and he is a smart person. We could only guess what the possibility meanwhile we don't know the truth. But I don't think that Satoshi will reveal himself to the public again because I am sure that he prefers to stay in his room right now.
hero member
Activity: 3024
Merit: 614
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Satoshi can't log in to his forum account, afaik theymos is the only one who have access to satoshi's account. Also signing messages from a bitcoin address is not the only way for him to prove he's the real Satoshi.

If his account becomes active and starts posting I believe it's him since he's given enough proof to theymos.

His account is locked, so no. If he wants to claim his account, he'll have to contact me with a PGP signature.

Then there is a possibility that he cannot prove that he is Satoshi Nakamoto, the only way he can do that is only by  access of his Bitcoin through private key, but I am not going to believe that he will lose or can't access his own private key, he is the creator of Bitcoin he is the first to know that losing your private key means losing all your coins.

He is good at keeping his identity so I am pretty sure he is also good at keeping his private key.
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