Nobody here should be surprised; we knew Wright has been engaging in pathological behaviors for years now. The question is how Gavin will handle the damage to his reputation. I feel bad for him.
Bitcoin 'creator' backs out of Satoshi coin move 'proof'
261–270 of 294 posts
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#262Earlier quoted context omitted.
He could still have access to his PGP private key, which would be a strong data point. It could be possible that someone stole this key though, so this alone wouldn't completely prove his identity. If he had the foresight to know he might want to prove his identity at some point in the future, he could have embedded the hash of a message into an early block (using the public keys of coinbase transactions). The messag…
A Bitcoin private key is only 51 characters when expressed in the Base58 format that Bitcoin uses. Here is an example private key expressed in such a format: 5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF If I were Satoshi I totally would've committed it to memory. I have more random characters than that memorized for passwords to various accounts. Or, even easier, have a smaller simple password, and then be abl…
That is genius.
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#263What an ass
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#264It's a suicide note.
As cringey as this whole episode has been, I genuinely hope this guy is alright and doesn't do something dumb.
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#265It's a suicide note.
As cringey as this whole episode has been, I genuinely hope this guy is alright and doesn't do something dumb.
The subsequent modifications to the website lead me to believe that the chances of this being a suicide note are really low. But everything leading up to this leaves me confident that he will continue to "do something dumb", just not suicide.
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#266Earlier quoted context omitted.
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.
But have too few redundant copies and you lost access to it forever. Or travel to various countries opening bank vault accounts is sure to put you on CIA/NSA/othersuchagencies' radar. $500M is interesting enough for them to poke around I bet.
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#267Earlier quoted context omitted.
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.
But have too few redundant copies and you lost access to it forever. Or travel to various countries opening bank vault accounts is sure to put you on CIA/NSA/othersuchagencies' radar. $500M is interesting enough for them to poke around I bet.
Or of you loose access to a country for some other reason you're screwed as well. Also, if you're otherwise not well of spending 10+ thousand to land the secrets in several countries is not an option either
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#268Earlier quoted context omitted.
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".
I haven't been following the parade of Bitcoin celebrities very closely, but what ever happened with the Digital Entertainment Network Executive VP [1] guy, Brock Pierce?
[1] https://en.wikipedia.org/wiki/Digital_Entertainment_Network
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#269"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
No kidding. Unlike the Newsweek fiasco, this person publicly identified himself as Satoshi, so expectations of proof are reasonable. What courage is he talking about? He already announced.
> What courage is he talking about?
Courage of admitting he lost control of his con game. The only way is to keep plowing forward with more lies and more diversion, no matter how childish and stupid.
At the end of the day every con artist is also a desperate, lonely and broken on some level. There is probably a tiny dose of truth in what he said at that level. In other words he is not sorry and broken for lying, he is sorry and broken for being caught red handed at his own game.
Re: Bitcoin 'creator' backs out of Satoshi coin move 'proof'
#270One 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…
> is that the real Satoshi has not put out a statement calling this guy out as a fraud.
Why would he? He felt sorry for Dorian, why would he step into this mess and get tangled in this story.