Topic: Why satoshi is gone? - page 3. (Read 5811 times)
I wonder if he's working on something that can be bigger and better than bitcoin? That would unleash a shitstorm.
Look for Satoshi in the ninth decimal place.
eleventh if u count hebrew
He might be posting on other accounts 
I did hear a rumor somewhere that Satoshi was only 13 when he/she created bitcoin, now that he/she would be 17/18 perhaps they got their license. We all know what happens when we first get our license now!
My point is that if someone gets Satoshi's million coins then they could destroy Bitcoin valuation themselves and keep the valuation low for a long period of time as they released the coins on the market. If this were to happen, it clearly opens the door for other coins. Yes no other coin is close, but that is because Bitcoin is so valuable, you change that price and people are being foolish if they don't think another coin could take its place.
The problem with the thesis that driving down BTC's value would enable another to take its place is that all other crypto is basically tied to BTC pricing and 99% of the trades for altcoins are done via BTC. So driving down the price of BTC would just drive down the price of all other alts to almost the same degree.
I don't think it would work at any rate. There are enough people who would start buying up the million BTC as the price dropped that I expect, after the dust settled, that BTC would still be well above $100 and probably several times that. Only if the sell-off coincided with some seriously bad news of Mt. Gox magnitude would the buyers stay away.
Satoshi may have destroyed the private keys or he is the only one having them, let's hope he doesn't lose his mind and do something stupid when he gets old
My point is that if someone gets Satoshi's million coins then they could destroy Bitcoin valuation themselves and keep the valuation low for a long period of time as they released the coins on the market. If this were to happen, it clearly opens the door for other coins. Yes no other coin is close, but that is because Bitcoin is so valuable, you change that price and people are being foolish if they don't think another coin could take its place.
The problem with the thesis that driving down BTC's value would enable another to take its place is that all other crypto is basically tied to BTC pricing and 99% of the trades for altcoins are done via BTC. So driving down the price of BTC would just drive down the price of all other alts to almost the same degree.
I don't think it would work at any rate. There are enough people who would start buying up the million BTC as the price dropped that I expect, after the dust settled, that BTC would still be well above $100 and probably several times that. Only if the sell-off coincided with some seriously bad news of Mt. Gox magnitude would the buyers stay away.
Worst case, USA probably has his private keys and will destroy Bitcoin whenever it wants to by releasing continuous stream of coins onto the markets for months on end.
We call that cheap coins. And that's your worst scenario? Cool.Bitcoin itself would survive such a scenario, but the damage to the ecosystem would be devastating, the entire mining community would be forced elsewhere... would be interesting to watch.
And what prevents miners from choosing another coin???.... nothing, and what are the barriers to another coin taking over because it is now more valuable?
.... zero barriers, it is software, and there are a hundred coins with the same protocol. No coin is even close to be more valuable : the second one Litecoin is only 2.5% of Bitcoin's valuation
I can imagine a coin created by a bank in Singapore or Hong Kong and backed by Gold that succeeds to get a lion share of the market but it would not mean that Bitcoin goes down to zero; by then Bitcoin will probably be valued a few tens of thousands of dollars or more
My point is that if someone gets Satoshi's million coins then they could destroy Bitcoin valuation themselves and keep the valuation low for a long period of time as they released the coins on the market. If this were to happen, it clearly opens the door for other coins. Yes no other coin is close, but that is because Bitcoin is so valuable, you change that price and people are being foolish if they don't think another coin could take its place.
Maybe he's busy working on ZeroCoin?
Satoshi is not an idiot(duuh). Im sure he knows what he is doing.
He can't be completely gone cmon. He just uses a different name, that's it.
Wouldn't he be in great danger if certain people knew who he was?
That's probably the reason why he left/changes his alias.
That's probably the reason why he left/changes his alias.
may be he is still on this forum but with a different username....
Worst case, USA probably has his private keys and will destroy Bitcoin whenever it wants to by releasing continuous stream of coins onto the markets for months on end.
We call that cheap coins. And that's your worst scenario? Cool.Bitcoin itself would survive such a scenario, but the damage to the ecosystem would be devastating, the entire mining community would be forced elsewhere... would be interesting to watch.
And what prevents miners from choosing another coin???.... nothing, and what are the barriers to another coin taking over because it is now more valuable?
.... zero barriers, it is software, and there are a hundred coins with the same protocol. No coin is even close to be more valuable : the second one Litecoin is only 2.5% of Bitcoin's valuation
I can imagine a coin created by a bank in Singapore or Hong Kong and backed by Gold that succeeds to get a lion share of the market but it would not mean that Bitcoin goes down to zero; by then Bitcoin will probably be valued a few tens of thousands of dollars or more
Worst case, USA probably has his private keys and will destroy Bitcoin whenever it wants to by releasing continuous stream of coins onto the markets for months on end.
We call that cheap coins. And that's your worst scenario? Cool.Bitcoin itself would survive such a scenario, but the damage to the ecosystem would be devastating, the entire mining community would be forced elsewhere... would be interesting to watch.
And what prevents miners from choosing another coin???.... nothing, and what are the barriers to another coin taking over because it is now more valuable?
.... zero barriers, it is software, and there are a hundred coins with the same protocol. 
Likely he's still around, he just isn't calling himself Satoshi.
I agree with this theory, and the one about him leaving behind the Satoshi identity because of Gavin visiting the CIA. 
Likely he's still around, he just isn't calling himself Satoshi.
I think more than anything Satoshi just got a bit burned out. He must have spent several years (at least) developing the ideas that led to the creation of the bitcoin whitepaper and then invested a great deal of effort and thought into starting the blockchain and working with the early community to make it survive and flourish. Eventually a person just gets tired.
That alone wouldn't cause him to completely drop out. But if this fatigue coincided with a period of rising fame (even on a minor scale compared to how it would be today) that a very private person like Satoshi would not appreciate, and an increasing flood of public and private communications... I know how I would react to that. There's a point where I (as an introvert) would just need to switch off. And I'm 99% sure that Satoshi was an introvert. It was ideas that made him tick, and people were a drain on his battery. Even positive interactions have this effect - it leaves us drained and seeking privacy. Hard for extroverts to understand.
So Satoshi saw Bitcoin taking off and reaching a point where it could grow without him. And bitcoin as an idea that he enjoyed was being replaced by the social aspects of fame and questions and criticisms and accolades - all of which were a negative to him. The risk that he would be unmasked, that there would be increasingly strong efforts to identify him - would have driven him to a point of no return.
With his personality I'm sure he's working on something now (and given his penchant for security, I'm inclined to believe the Foundation entry declaring he was not Dorian was genuine), but it may have nothing to do with crypto. He may have chosen a less stressful line of intellectual inquiry, like doing personal genealogy research or something.
I have trouble with the idea that he traded identities and got back into crypto. If he did it would be hard to keep his focused, keen intelligence and crypto experience masked. His desire to perfect whatever aspects of crypto he got involved with, and lack of patience with others struggling through issues he'd already decided or solved, would tend to create a track record of forceful arguments and epistles from this new identity showing a person with a masterful understanding of crypto. (I'm not saying he'd sound egotistical, but clear and forceful and firm.) How many candidates would there be with that kind of record, who are totally anonymous like Satoshi was, and whose prose is as crisp as Satoshi's? I'm guessing the list would be very small.
That alone wouldn't cause him to completely drop out. But if this fatigue coincided with a period of rising fame (even on a minor scale compared to how it would be today) that a very private person like Satoshi would not appreciate, and an increasing flood of public and private communications... I know how I would react to that. There's a point where I (as an introvert) would just need to switch off. And I'm 99% sure that Satoshi was an introvert. It was ideas that made him tick, and people were a drain on his battery. Even positive interactions have this effect - it leaves us drained and seeking privacy. Hard for extroverts to understand.
So Satoshi saw Bitcoin taking off and reaching a point where it could grow without him. And bitcoin as an idea that he enjoyed was being replaced by the social aspects of fame and questions and criticisms and accolades - all of which were a negative to him. The risk that he would be unmasked, that there would be increasingly strong efforts to identify him - would have driven him to a point of no return.
With his personality I'm sure he's working on something now (and given his penchant for security, I'm inclined to believe the Foundation entry declaring he was not Dorian was genuine), but it may have nothing to do with crypto. He may have chosen a less stressful line of intellectual inquiry, like doing personal genealogy research or something.
I have trouble with the idea that he traded identities and got back into crypto. If he did it would be hard to keep his focused, keen intelligence and crypto experience masked. His desire to perfect whatever aspects of crypto he got involved with, and lack of patience with others struggling through issues he'd already decided or solved, would tend to create a track record of forceful arguments and epistles from this new identity showing a person with a masterful understanding of crypto. (I'm not saying he'd sound egotistical, but clear and forceful and firm.) How many candidates would there be with that kind of record, who are totally anonymous like Satoshi was, and whose prose is as crisp as Satoshi's? I'm guessing the list would be very small.
Worst case, USA probably has his private keys and will destroy Bitcoin whenever it wants to by releasing continuous stream of coins onto the markets for months on end.
We call that cheap coins. And that's your worst scenario? Cool.Far too many capitalists are like infants, they are only capable of considering themselves...
Look for Satoshi in the ninth decimal place.
He is completely irrelevant today. He did his job, and he did it well. Why would he waste his precious time here?
Satoshi is working on more complex ideas:
"There's more work to do on DoS, but I'm doing a quick build of what I have so far in case it's needed, before venturing into more complex ideas. The build for this is version 0.3.19."
https://bitcointalksearch.org/topic/m.29479
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