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Bitcoin 'creator' backs out of Satoshi coin move 'proof'

bbc.co.uk

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Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#61

Post by DonHopkins »

bitJericho wrote: post #31
Finnucane wrote: post #25

Earlier quoted context omitted.

If Satoshi is dead or not an individual person, then who owns his bitcoin? If Satoshi is dead, then his property would be subject to the probate laws of his home country. Can the bitcoin of a dead person be recovered if they don't make arrangements for it in their will? Or will blocks of bitcoin become inactive over time as their owners die?

Bitcoins can only be distributed if you have the private key for it. If satoshi dies and leaves the keys for his heirs, then its just a normal asset. If the keys are gone, then that money is unrecoverable, just like burning cash.

At least the carbon footprint of burning bitcoin is smaller than the carbon footprint of creating it.

Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#62

Post by devishard »

spdustin wrote: post #19

Okay seriously, is anyone contacting the authorities to see if this man is still alive? I do not know who to contact or what his location is. His "blog" post sounds like a suicide note - I've had the misfortune of reading others, and there are telltale signs - and it doesn't appear that anyone is taking steps to see if he's okay. Maybe he is a liar, maybe he's Satoshi, who gives a shit at this point when the jaded co…

This post reminds me of a tactic abusive people use to prevent their victims from leaving them. When confronted with their bad behavior, they apologize profusely and pretend to feel remorse for their actions to the point that people worry about them. Once people feel adequately sorry for them and are distracted from their bad behavior, they go right back to doing what they were doing.

But the giveaway that shows it's all fake is that they never really get to the root of the bad behavior and do anything to fix it. In this case, Wright still hasn't admitted that he isn't Satoshi and doesn't have the key to the genesis block.

I've seen this behavior far too many times from my ex--I'm not going to give in to it here. Sure, someone should go check that he's not going to kill himself. But that should not for a second distract from the fact that he's a liar and a fraud, and this is likely just his latest ploy.

Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#63

Post by adwf »

brador wrote: post #52
spdustin wrote: post #19

Okay seriously, is anyone contacting the authorities to see if this man is still alive? I do not know who to contact or what his location is. His "blog" post sounds like a suicide note - I've had the misfortune of reading others, and there are telltale signs - and it doesn't appear that anyone is taking steps to see if he's okay. Maybe he is a liar, maybe he's Satoshi, who gives a shit at this point when the jaded co…

The Goodbye at the end is worrying, but he simply needs to do one small action to prove his case and put an end to it all. It would take less than 5 minutes, which leaves the question, why drag it on like this?

Probably because there are enough people who would still claim that he's not Satoshi. They'd just say he stole the signing key or something. There are already some saying that it was a colleague who he's taking the credit for, it's only a small leap for conspiracy nuts to jump to the theft idea.

Of course, it's vastly more likely that he is not Satoshi and he's just trying to save face.

Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#64

Post by SyneRyder »

ebbv wrote: post #16

One thing that gives me a little pause and makes me think maybe he is telling the truth (even though all other evidence and logic says he's a fraud) is that the real Satoshi has not put out a statement calling this guy out as a fraud. When the Dorian Nakamoto stuff happened the real Satoshi put out a statement saying he's not Dorian. That wasn't that long ago. If he did that you'd think he'd step up and say he's not…

Elsewhere in these comments, others have pointed out that probably wasn't the real Satoshi, the account was compromised:

https://news.ycombinator.com/item?id=11635818

Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#66

Post by bpchaps »

devishard wrote: post #62
spdustin wrote: post #19

Okay seriously, is anyone contacting the authorities to see if this man is still alive? I do not know who to contact or what his location is. His "blog" post sounds like a suicide note - I've had the misfortune of reading others, and there are telltale signs - and it doesn't appear that anyone is taking steps to see if he's okay. Maybe he is a liar, maybe he's Satoshi, who gives a shit at this point when the jaded co…

This post reminds me of a tactic abusive people use to prevent their victims from leaving them. When confronted with their bad behavior, they apologize profusely and pretend to feel remorse for their actions to the point that people worry about them. Once people feel adequately sorry for them and are distracted from their bad behavior, they go right back to doing what they were doing. But the giveaway that shows it's…

My ex did the same thing and it's pretty shitty, but it still deserves serious attention. The best route is to call the cops and ensure they get proper medical attention if nothing else for a strong jolt to reality.

I don't think she would be alive now if I hadn't made that call.

Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#67

Post by empath75 »

spdustin wrote: post #19

Okay seriously, is anyone contacting the authorities to see if this man is still alive? I do not know who to contact or what his location is. His "blog" post sounds like a suicide note - I've had the misfortune of reading others, and there are telltale signs - and it doesn't appear that anyone is taking steps to see if he's okay. Maybe he is a liar, maybe he's Satoshi, who gives a shit at this point when the jaded co…

Someone should check on him out of an abundance of caution, but his note is laughably melodramatic.

Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#68

Post by golergka »

devishard wrote: post #62
spdustin wrote: post #19

Okay seriously, is anyone contacting the authorities to see if this man is still alive? I do not know who to contact or what his location is. His "blog" post sounds like a suicide note - I've had the misfortune of reading others, and there are telltale signs - and it doesn't appear that anyone is taking steps to see if he's okay. Maybe he is a liar, maybe he's Satoshi, who gives a shit at this point when the jaded co…

This post reminds me of a tactic abusive people use to prevent their victims from leaving them. When confronted with their bad behavior, they apologize profusely and pretend to feel remorse for their actions to the point that people worry about them. Once people feel adequately sorry for them and are distracted from their bad behavior, they go right back to doing what they were doing. But the giveaway that shows it's…

Abusive people commit suicides as well.

Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#69

Post by digi_owl »

Finnucane wrote: post #51
bitJericho wrote: post #31

Earlier quoted context omitted.

Bitcoins can only be distributed if you have the private key for it. If satoshi dies and leaves the keys for his heirs, then its just a normal asset. If the keys are gone, then that money is unrecoverable, just like burning cash.

So Bitcoin could conceivably be 'burned' faster than new bitcoin can be made. That might be great for a collector's market, but sounds like a bad plan for a useful currency.

And one wonder why it is being traded more like a commodity than a currency...

Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'

#70

Post by dzmien »

gtrubetskoy wrote: post #14

My (non-provable) theory is that Satoshi is not a person but a team, now defunct, that was tasked with developing a crypto-currency. They are probably more scientists/mathematicians/economists than they are software developers, which would explain the very sound but not exactly elegant initial code. It would also explain the silence - the project is over, the team is probably bound to secrecy because this stuff is cl…

I wouldn't be surprised if we never know who Satoshi Nakamoto is, and his coins remain forever out of reach. I bet they collectively decided to throw away the keys, so to speak.
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