Topic: What If Satoshi Actually Lost His Private Keys - page 4. (Read 3584 times)

I would. He had turned up a few times on btt after that point when he lost his HDD. That means he didn't loss with Acer his password to forum and now can prove who he is by login via satoshi account.

Even if Satoshi is able to get the private key for the for the account, alot of people would still not believe because the argument at the point is proving if the key was not compromised at any point in time because anyone who who have access to the controls the wallet. The point I am trying to make is that there is no point over flogging the issue as to whether he is coming back or not and for him to stay in the shadows, there is a good reason for it which I am very comfortable with because its all for the best and the implication for coming out is not we all want to witness ourselves.

you can say that he can lost his private keys  . private keys are more important than a bitcointalk account because it holds cryptocurrencies , what im saying is that there is also a possibility that he can lost his passwords or forum account and its also suspicious if he becames active one day not unless if he can sign a message using a private key or he can provide other proof that he is legit but i dont think that staking a btc address exist that time on this forum  .

One who has innovated such a technology will always have the responsibility to keep his private keys secure. He hasn't revealed himself to the outer world, but there will be few users who have had conversations with him during the early days. This way Satoshi can prove himself even if some sort of accident occurs.

A genius like him will never have his private keys saved somewhere else, surely he will have things memorized.

If someone is smart enough to create something that majority of the digital world was looking for decades, he wont make a foolish accident that could make him loose him key in a freakish accident, we can only speculate about the situation until the creator himself comes up with the proof and reveal his story.

This is being confirmed that the admin has locked the account and only Theymos has control over the account.
 
You can believe in any story you want but have some rational thoughts too once in a while  .

he must have lost it. losing private keys is like losing all your btc.
if indeed he claims he is the real satoshi, he will still be ridiculed for he will need to prove by signing message or send btc to an address and if he can not provide all these he will fail.  granting he is the real satoshi but he can't provide all these information, he will still be ignored.

I would really like to believe that he already lost the keys and therefore no one could ever touch it anymore, it is also a good thing that he remains anonymous and not go public. This two scenarios are link, maybe he can prove himself to be satoshi with his private keys or someone that really knows him  who the public knows that he is legit, but who could be that guy? It is really hard to think about this things so it is surely better be history.

Lol, there was a suggestion as an April Fools Joke that satoshi will login at that date so other users here would be really shocked of his return to the forum.  I don't think that satoshi would log anytime sooner, and it was already quoted by ralle14 of what Theymos said that satoshi's account is locked until contacted with PGP signature.

There are a few reasons why Satoshi not revealing his self back again on the internet and claiming that he is the real founder of Bitcoin. First, prone to hackers, --a lot of Bitcoin that Satoshi had may put or his life in risk if someone knows that his back again. Secondly, is for what reason that he revealing his self after hiding for how many years, so I think his plan is to remain anonymously. Nevertheless, I will believe if he could sign a message on the first bitcoin mine address that first he created and lastly when he gives us a message here in our forum which is he made for us.

We should be as well aware that if there will be a movement of Satoshi's BTC, it will be tracked by everyone and could have disastrous effect.
Why? If these BTC would be moved then:

1. There will be possibly a panic on the market (is Satoshi selling own BTC or planning to do so soon? Does it mean that Satoshi lost own trust in Bitcoin?)
2. OTC transaction could mean kidnapping Satoshi/seller acting on behalf of Satoshi for ransom. Of course there could be OTC transaction to some whales which are huge financial institutions, but this would go against the idea behind Bitcoin
3. Selling on most of the exchanges/markets require KYC. Even if there will be someone with power of attorney to act on behalf of Satoshi, Satoshi's identity must be revealed. Then there will be a hacker hunt for the KYC of that exchange. Even if he would give BTC to someone close, then the KYC hunt would as well take place and as such, and selling such BTC would mean real danger for owner of Satoshi's BTC.
4. FATF recommendations of this year (to be implemented within 12 months), are as well a threat to Satoshi - one of them is a  requirement of the sending wallet owner KYC verification.

So then moving these BTC is way too dangerous, and will become even more - just to say 1 000 000 BTC value is ~10 700 900 900 USD, and it is more than enough to become a target for a variety of thugs/hackers.

The only sure proof of ownership of the Satoshi bitcoin is the private keys, While it is unlikely that someone other than himself accesses his bitcoi ntalk account, it is not an impossible task to accomplish compared to hacking the private keys.

I think that if Satoshi wants to tell us something, he will easily find a way to do this.

I personally believe that a brilliant mind as it was Satoshi Nakamoto did not lose his private keys, he knew their significance before anyone else could even comprehend it. Fact that coins are not moved to this day tell us two possible things, Satoshi intention was never to enrich himself with his invention or he is just dead.

There is no reason for pointless debates what really happened to Satoshi or why his coins are not moving all this years. Simply because they are unavailable, those coins give more value to coins in today circulation.

The proof required to show that you are the real Satoshi Nakamoto is not with Satoshi's user account on Bitcointalk.org.    Satoshi can only prove that he/she or they are Satoshi Nakamoto, if he/she or they signs one of the early Bitcoin addresses that were known to be mined by Satoshi Nakamoto.

Nobody has ever signed one of those early Bitcoin addresses and many people are saying that he/she or they lost the private keys for those Bitcoin addresses.    The likelihood of Satoshi Nakamoto losing those private keys are very high, considering it's value and that he/she or they have not touched a single coin, since it was mined. 

It's very possible he lost the keys as those bitcoins were not moved for some time. Or he might be dead.

I agree with the opinion that Satoshi is probably not going to reveal his identity or touch his old Bitcoin that was known to the public (if it existed). IIRC he said he's working on a new project and after that, he went awol.

If we see him again, it's probably when he announced or publish his latest work with a new pseudonym. He might already online now, but he's hiding perfectly so nobody knows.

I appreciate that link btw. I went in and changed my password it should take atleast a couple of thousand years to guess it now!!!

Judging from my math, it is about time for another breach!  That and all the new altcoins I have been mining there is no telling what info got out!

Luckily I used a different device for different reasons!!!

Thanks again!  It was a great read!

It is possible that his account has been hacked, but that is not a problem that prevents him from logging in (the executives can reissue the account).
The reason he doesn't log in is that he just doesn't want to, I think so.

With all due respect but even the most trust-worthy person should not be trusted in a trust-less system.

By definition, the trust-worthy person is a person and therefore fallible and consequently cannot be trusted.

it is not a singular private key to be lost containing 1 million bitcoin!!!
1 million is the exaggeration of a guess that started a couple of years ago. basically people start by guessing that Satoshi was the only one mining bitcoin for M number of months then they count the number of blocks (B) mined in that period and also the block rewards (R=50) and multiply these 3 (M*B*R) and come up with a number. which means there are somewhere around B number of keys to different addresses.