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

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241–250 of 294 posts

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

#241

"But, as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage. I cannot." This guys is so full of crap its amusing

Suppose Craig just took a rational bet that did not pay off.

Craig, hoping Satoshi to be alive, provided an opportunity for Satoshi to move some of his own Bitcoin and have Craig become Satoshi in the public mind. But Satoshi, did not bite.

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

#242

Earlier quoted context omitted.

>The FTC recognizes it as a commodity, something that can be bought and sold. In it's current incarnation, it is the equivalent of bartering with baseball cards in lieu of cash. The US government has a stake in the failure of non-state-controlled currencies, though, so this isn't really evidence of anything.

It's evidence that it is popularly interpreted as something that has value and can be traded. So is money. I really can't care any less than I already don't if Bitcoin is or isn't a legal currency. The point is it isn't commonly purported to be a 'settlement layer' but something else entirely.

I don't disagree with anything you've said. It's just that the government classification doesn't support (or refute) the point because the government isn't a disinterested party.

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

#243
post #70

Earlier quoted context omitted.

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.

Satoshi at one point made a calculation on what each unit would be worth if the entirety of the world's money supply was bitcoin. I don't know if he believed that that would be possible, but it wasn't as if someone made this to settle up with friends after a pub crawl and it suddenly took off. With that view of the big picture I would be surprised if someone would throw away what may be the most valuable numbers in h…

On the contrary, I think that they might have had enough insight to see how potentially disruptive it could be if one person claimed all of those coins after bitcoin had attained widespread adoption. It also keeps someone from being able to claim the Satoshi Nakamoto "persona," which I think could only be self-serving. I don't think Satoshi revealing himself could ever do the world much good. One of the tenets of bitcoin is the lack of a central authority or leader.

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

#244

Earlier quoted context omitted.

Steve Jobs in his relationships with friends and family, and his own self-destructive (ultimately fatally destructive) streak screams full blown sociopath and always has. Then again, he might just have been a really shitty person without a personality disorder to explain it.

There's a possible simpler explanation: his work was always priority #1 for him, and he completely buried his head in it, to the detriment of everything else. Of course, now I'm also speculating some bullshit about someone I've never met. It's always interesting to watch people try to label others without having known them. And no, "had lunch with him once" or "heard him speak at a conference" does not mean you know…

Well, if you place your goals over the lives of those around you you may be a sociopath(-ish) even if you'd just phrase it as prioritizing work...

Not that I think the phrase has useful diagnostic meaning or anything.

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

#245

Earlier quoted context omitted.

> It would take less than 5 minutes I wouldn't keep the keys to US$ 500 million on my laptop's hard drive.

Side note, but I've thought about this and wondered the same thing. Where do you keep 500M? In your house on an offline hard disk that can be stolen? In a safe deposit box? This is a true data backup scenario where too few copies and you're in trouble and too many and you're in trouble. Especially since a copy that was found without your knowledge could ruin things before you knew.

You split it with Shamir's Secret Sharing Scheme, print the pieces on multiple sheets of paper and store them in various bank vaults around the world.

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

#246

Earlier quoted context omitted.

Why bad news? Is basically irrelevant, now that he has turned out to not be Satoshi. The only way it would be relevant is if one of those early coins does indeed move, because that would drastically affect the number of coins on the market.

While some will disagree, appearances are important. Wright was [probably] trying to claim to be Satoshi to use Satoshi's bitcoins as collateral for something else. Bitcoin already has a reputation for being used in scams and illegal dealings. This con man being able to convince some major news organizations and bitcoin celebrities doesn't help improve that image.

That demonstrates a flaw of non-technological news organisations, not Bitcoin. The two Bitcoin celebrities had been widely discredited from Bitcoin ages ago. Gavin has not committed in a year, started his own fork of Bitcoin with 3% adoption. Jon has disappeared after starting a bankrupt for-profit "foundation".

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

#247
post #48

The only blamable thing in this story is that the so called mainstream media are not technically knowledgeable enough to "scientifically" check their news sources. Good thing, all the nerds around have exposed the scheme in such a short time, I like this era !!

Except they were also working off the assurances of two major Bitcoin "nerds". Why not blame them too?

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

#248
post #70

Earlier quoted context omitted.

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.

If this is a classified government project of some sort (and again, I have zero proof of that, it just "seems" that way), then we _might_ know in, like, 100 years, perhaps. Depends on what country/agency is behind it.

This seems implausible to me to the point of absurdity. I don't mean that to be rude, just, it doesn't fit for me at all. Why are you so convinced it's a government / intelligence community project? What objective would it have? How would they benefit?

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

#249

Earlier quoted context omitted.

Steve Jobs in his relationships with friends and family, and his own self-destructive (ultimately fatally destructive) streak screams full blown sociopath and always has. Then again, he might just have been a really shitty person without a personality disorder to explain it.

There's a possible simpler explanation: his work was always priority #1 for him, and he completely buried his head in it, to the detriment of everything else. Of course, now I'm also speculating some bullshit about someone I've never met. It's always interesting to watch people try to label others without having known them. And no, "had lunch with him once" or "heard him speak at a conference" does not mean you know…

The line between "Personality Type" and "Sociopath" isn't clear. There is even a school of thought that the latter is more rightly one of the former, than a disorder. Personality Disorders in general are difficult, and different compared to something like say, depression or psychosis. One possible reason is that they do not represent true disorder, but as you say, different "styles".

The question then, of when and if society or doctors judge someone to be ill as a result, is an open one. I think maybe in retrospect dying from a cancer he could have probably treated properly, and his various personal and professional setbacks (which he managed to reverse in some cases) paints him as more disordered than different.

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

#250
post #208

Earlier quoted context omitted.

Steve Jobs in his relationships with friends and family, and his own self-destructive (ultimately fatally destructive) streak screams full blown sociopath and always has. Then again, he might just have been a really shitty person without a personality disorder to explain it.

Am I understanding correctly that you are blaming an undiagnosed sociopathy for Jobs' death by pancreatic cancer induced respratory arrest?

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