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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'

#131

Post by snitko »

fucking_tragedy wrote: post #127
jbmorgado wrote: post #118

Earlier quoted context omitted.

It's quite telling that you don't want me to speak for other people but just in your answer before projected your irrational feelings about bitcoin on me and on what I feel or don't feel for bitcoin (so that we get straight, I don't "feel" anything for a technology, that doesn't make sense). When I referred the world at large, I referred the world at large that already knows bitcoin, not the world population. And fro…

The most damning: Seven transaction a second. You cannot have a functioning financial system that is constrained to seven transactions per second.

I think you misunderstand the purpose of Bitcoin. It's not meant to be a payment system, but rather a settlement layer.

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

#132

Post by pinewurst »

dsfuoi wrote: post #125
pinewurst wrote: post #122

Earlier quoted context omitted.

Perhaps the Satoshi show is his way to convince Australian tax authorities of diminished capacity to lessen the penalties for his fraudulent acts? A sociopath grasping at any lever that could work in his favor.

I still haven't seen anyone write what those fraudulent acts are exactly. Since Craig Wright (let's not call him what he isn't) apparently has several companies, these should be some clue about that?

There are articles that do so (https://www.nikcub.com/posts/craig-wright-is-not-satoshi-nak...). The gist is that Australia via their tax authorities pays R&D credits in cash. Wright set up a corporate vehicle funded by the transfer _on paper_ of Bitcoins that are not proven to even exist. He used these to mostly buy software from himself and claimed a AU$3.1m R&D cash tax refund.

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

#134

Post by crystalmeph »

chriswarbo wrote: post #58
crystalmeph wrote: post #17

Tin-foil, but if I were Satoshi and wanted to remain anonymous, and some journalists started snooping around, one way to shut them down would be to publicly post a "proof" that seems technical enough to get the reporters to run out screaming "we got him!" but falls apart once more technical people start investigating...

If you treat the "proof" falling apart under scrutiny as evidence that he is Satoshi, then to remain consistent you must treat a strong proof which holds up under scrutiny as evidence against him being Satoshi. http://lesswrong.com/lw/ii/conservation_of_expected_evidence

To be clear, I don't believe my tin-foil conspiracy is true, and honestly it doesn't matter one bit to me if Craig Wright is the inventor of Bitcoin.

That said, I never said that his "absence of evidence that he is Satoshi" is actually "evidence that he is Satoshi". In fact, no one has provided any real evidence either that he is or is not Satoshi.

Again, assuming that the real Satoshi wishes to remain anonymous, but is on the verge of discovery anyway, he may have a difficult time "proving" that he isn't Satoshi, so his next best bet might be to sidestep proof entirely and instead play a kind of mind game to throw off the investigation. So conservation of expected evidence doesn't factor in, because he hasn't "proven" anything one way or the other, he's basically gambled that internet ridicule will achieve a desired goal.

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

#135

Post by danielweber »

tommynicholas wrote: post #112

To those of you who have never known a conman or someone with borderline personality disorder, this behavior might seem odd. To me, it's like looking at a picture of a dog and going "oh that's a dog!"

The best indicator for me was, instead of providing something right away, saying you will provide it "soon," and then waiting for the inevitable excuse when it doesn't happen.

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

#136

Post by ibejoeb »

headgasket wrote: post #100
benmmurphy wrote: post #79

Earlier quoted context omitted.

it could also be that gavin/jon are satoshi or know who satoshi is and went along with the scam so no-one would think they know who satoshi is.

or that Craig Wright is the real Satoshi, and want to establish to everyone that he's not to keep the huge btc stash from the Ozzie taxman...

That would be an interesting play. It's the harder road. The man would have to do an awful lot of creative laundering to be able to use the btc without attracting the attention of revenue folks, though.

The two paths are:

1. Come out as Satoshi and be regarded as a genius. Deal with whatever the consequence of holding btc are, be they currency or assets.

2. Burn your own rep and be regarded as a nut, then struggle to live off your btc fortune.

Some people are weird. It's all fun to think about though.

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

#137

Post by aws_ls »

flatline wrote: post #124
aws_ls wrote: post #88

Earlier quoted context omitted.

I think, its more like version 0.1 of what's possible. I can foresee the existence of wills on the blockchain. e.g. 'move my coins to my inheritors public key, in 10 years, unless I overwrite this will, with something else' In fact bitcoin's cousin, Ethereum, is all about digital contracts. But there could be cases, where people lose their keys or die, without making a will. We can easily foresee, that in this case s…

Smart contracts may sound cool at first but like many things with bitcoin they are mostly a solution in search of a problem. In the case of wills, the blockchain doesn't address any of the real-world problems typically surrounding them. In most legal cases the problems are not the actual terms or recordation of the contract but in interpreting and executing the contract. Real world events are very rarely dictated by…

I agree with you that there is a wide gap between Bitcoin/Blockchain tech and real world. Won't contest that.

But a will contract can be put on the blockchain, and its a step forward, IMHO. Just today I learnt about OverStock's t0[1] trading on the Blockchain using colored coins (which is supposed to bring down the settlement of stocks to T+0 from T+3. Just stating this example as a case of progress enabled (or made possible) by the blockchain.

Likewise, Blockchain will make wills better i.e. enforceable and crisp via a program hence more specific. But as of now, its not a replacement for judiciary definitely. That's why I said its like version 0.1 of what's possible.

[1] https://t0.com/

Edit: The link to t0

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

#139

Post by machinelearning »

nacs wrote: post #108
nsajko wrote: post #92

Earlier quoted context omitted.

Andresen (and Matonis) themselves should be considered responsible for the harm to their own reputations no?

If someone gets scammed by a con-artist, would you blame the victim there too?

In this case yes, because they are influencers of the community and were not being responsible in ensuring the proof was rigorous enough

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

#140

Post by neuropie »

It's very interesting that he asked the media to send coins to one of Satoshi's Bitcoin addresses, and that he would return them. All of Satoshi's original coins are Pay-to-Public-Key, whereas the BBC's money was sent Pay-to-Public-Key-Hash (P2PKH). This means that Craig would have to present a signature along with a public key that just has the same hash as the Satoshi public key, not a signature for Satoshi's public key itself. I think he is banking on finding another key with the same hash, as a final desperate attempt to forge his identity.
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