Topic: what is the first question you would ask, if you met Satoshi Nakamoto? - page 6. (Read 7337 times)

(1) that would make sense if Nakamoto SAtoshi was a government employee.  Those coins would not be his to spend, not one satoshi.
(2) he may have mined many other coins besides those million, and may be selling/using them already.

The only thinig he said in 3 years is "Im not Dorian".

So, basically, he decided to place a high value on
just staying quiet.  I bet he figures Bitcoin adoption
will do just fine without him having to explain the
coins...and he's probably right.

Maybe he plans to move some of them someday.

In any case, I wouldn't expect any explanations
to be forthcoming.

"Is your birthday today: 17/June ?"

Well, let's have a look at the evidence, shall we?

1. Those 1 million BTC have not been touched - not a single one - in nearly five years, despite the fact that selling 1% of his coins would net him 6 million USD today. If Satoshi were truly interested in financial gain, there is no logical reason he wouldn't have sold ANY of his coins by this point.
2. We do not know the current status of Satoshi's private key(s). For all we know they could've been deliberately destroyed. That would be done to preempt his own temptations to get rich - although I believe his is a more disciplined mind than would make this behavior necessary.
3. We know at least some of the political motivations for the creation of Bitcoin, such as the whitepaper, his comments via pseudonymous accounts, and the genesis block message. All this data points to a disgust for the modern banking system and the greed it entails.

The probability seems infinitesimally minute that a person brilliant enough to solve the decades old Byzantine General's problem by inventing of the blockchain would also be careless enough to allow ANY possibility of his private keys falling into the wrong hands.

You would have me believe that someone who could sell 1% of his coins and be set for the rest of his life - today, right now - is still in it for the money but holding off on selling for some inexplicable reason? I doubt it.

Bitcoin isn't 600 million USD to Satoshi Nakamoto. Bitcoin is priceless to Satoshi Nakamoto, and I believe that's the point he's making by never touching any of that wealth.

Yours in compassion and solidarity,

World Citizen Beliathon

1. Why did you take my idea? {Gimme royalties on every bitcoin produced}
2. Let's buy out Bill Gates 

Would you spend your coins if that didn't compromise your identity?

What's with the secrecy?

my first question will be sir how are you ?

Then i will ask him what you think that make you to create this beautiful crypto currency?

Why is that you left the project? It was such an amazing revolutionary idea.

My Q: What next?

Peercoin isn't decentralized; the developers sign blocks as valid otherwise it would be possible to perform a history-rewrite attack (i.e., exploit the nothing-at-stake problem). 

Were your gut feeling reality this would be the best thing for Bitcoin by a long shot. I discount your for-the-good-of-mankind view unless we learn something new about those 1 million BTC, as unless we know something factually you cannot pretend those private keys won't eventually fall into someone's hands that needs some money more then they need to change the world.

Make no mistake Satoshi knows the weight that having one man own 1 million coins has on the market. He is a very smart man and certainly has thought long and hard about his coins. Yet he has never done anything to remove this burden from the community. While it is true he needed to mine originally to get Bitcoin going, he clearly had no interest in doing it simply to prime the pump, he was collecting Bitcoins.

I view the Million Satoshi coins as the primary reason Bitcoin would fail to achieve world adoption. Can you imagine one person holding 5% of the world's wealth?? it is insane to contemplate. I would go as far as say it will never happen.

If he is truly an altruistic human, then he should come up with a clever way to deal with those million coins. The only hope your gut feeling ever has of being correct is if Satoshi already has a plan but just hasn't executed it yet.

Here are my two suggestions for the altruistic Satoshi that would prove you correct:

1. Satoshi sends all of his Bitcoins to a known address with a lost private key effectively destroying the coins
2. Using a blockchain analytics tool Satoshi finds 100,000 address that are most likely owned by individuals that actively use Bitcoin and sends them all 10 BTC. Of course at least one of those addresses would be mine

I would ask him/her/they to give me 100 btc  

Thanks. It probably helps that I despise capitalism and greed as much as I despise theism and superstition. I am predisposed to a way of thinking about the world that is the antithesis of majority culture, especially here in America.

I agree and commend you on that comment.
Many people see $ signs, you get it!

You're really opening a can of worms with that question.  The simple answer is he invented
 a proof of work coin.  Proof of stake ideas came later...and they aren't attack proof either btw.

y didn't he incorporate something like peer coin feature which doesn't have 51% attack?

The design is that the majority of the hashing power decides which blockchain is valid, in case of a conflict. He did not propose "susceptible to a 51% attack" to be a feature of Bitcoin.

Agreed wholeheartedly. Not even to mention the psycho-stalker types who could very well endanger his/her life.

what's your reason for creating bitcoin to be susceptible to a 51% attack?

thats my current question.