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I Am Not Satoshi Nakamoto

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Re: I Am Not Satoshi Nakamoto

#111

Post by rfd4sgmk8u »

seibelj wrote: post #52

Hal Finney is Satoshi, IMO. Not only is he the first person to respond to Satoshi and receive bitcoin, he lived minutes away from Dorian Satoshi Nakamoto, an unrelated person who Newsweek falsely claimed was Satoshi. Satoshi also stopped posting at the same time Hal's ALS disease became unbearable, and after Hal's death Satoshi never posted again. I believe Hal either interacted with Dorian or drove by his house and…

Satoshi isn't Hal, and please stop suggesting it is. You put Hal's family in danger with this nonsense.

Re: I Am Not Satoshi Nakamoto

#113

Post by dane-pgp »

Cyclone_ wrote: post #45

I believe based on timestamps of forums posts they believe Satoshi is somewhere in Japan.

Someone may have come up with that theory, but 10 years ago there was an analysis that suggested he slept between 6am and 11am GMT, which fits best with a US timezone.[0]

There is other timestamp evidence linking him to the US, but a recent analysis suggests that the totality of the data (including Satoshi's use of British/Commonwealth spelling, vernacular, and date format) indicate he was based in London or the UK.[1]

[0] https://bitcointalk.org/index.php?topic=37743.0

[1] https://news.bitcoin.com/new-research-suggests-satoshi-nakam...

Re: I Am Not Satoshi Nakamoto

#114

Post by shakna »

toolz wrote: post #109
toolz wrote: post #106

Earlier quoted context omitted.

payID has KYC just the same as crypto but crypto is globally accessible, cheaper and just as fast to receive crypto you don't even need KYC actually, just to on-ramp from fiat...and if you mine crypto you don't even need KYC - so again there is no category in which crypto loses and categories where crypto clearly wins

You need to research lightening network for bitcoin if you think that sounds cheaper. I'm sorry, but that's just easily not the case. 80% of the world is not more accessible when the alternative is practically 100% of the world. also there's no on or off ramp for crypto when you can use it as currency, which is the direction the world is headed. edit: I'm googling and apparently payID isn't even international. This i…

> You need to research lightening network for bitcoin if you think that sounds cheaper. I'm sorry, but that's just easily not the case.

Any in-network payID transaction is 0-fees. Whilst lightning does occasionally have negative fees, the fluctuation of Bitcoin means that the fees aren't cheaper in the end.

> 80% of the world is not more accessible when the alternative is practically 100% of the world.

Anywhere with a relationship with Mastercard or Visa is more accessible to most people _today_. Because they absolutely would have to generate or convert fiat to end up with Bitcoin, but have to do absolutely nothing to make use of payID.

You can come back and use that argument if Bitcoin turns around and becomes the defacto currency, but otherwise it falls short. Most people today, have to do nothing to use payID. They have to do something, to use Bitcoin.

> edit: I'm googling and apparently payID isn't even international. This isn't really even a comparison. I don't know why you believe otherwise.

Because it's a set of banking protocols that are international. [0][1][2][3][4][5]

[0] https://www.ecb.europa.eu/paym/integration/retail/instant_pa...

[1] https://www.europeanpaymentscouncil.eu/what-we-do/sepa-insta...

[2] https://corpgov.law.harvard.edu/2020/08/31/fednow-the-federa...

[3] https://www.abc.net.au/news/2018-02-13/new-payments-platform...

[4] https://rg.ru/2019/01/28/v-rossii-zapustili-sistemu-bystryh-...

[5] http://www.npci.org.in/what-we-do/upi/product-overview

Re: I Am Not Satoshi Nakamoto

#115

Post by shakna »

easrng wrote: post #110
shakna wrote: post #107

Earlier quoted context omitted.

Flat fee of 20c/10k sounds cheaper than crypto to me. No on-ramp, because payID works for any fiat account that can be linked to Mastercard or Visa sounds more accessible to me. No specific KYC as its backed by existing banking infrastructure. I do not see how crypto possibly wins this one.

You can locate, download, install, and set up a crypto wallet and be ready to accept payments in under 2 minutes. (I just did.) Setting up a bank account is far more involved.

But most people _already_ have a bank account. Which means they don't have to set up to use payID. They already can.

Re: I Am Not Satoshi Nakamoto

#116

Post by ekianjo »

simonsarris wrote: post #36
ekianjo wrote: post #34

Earlier quoted context omitted.

> For it to be used as regular currency you have to have price stability. No one wants to go to the grocery store and find out that they lost 10% of their budget on the walk over. such an uneducated take. there is no fiat currency that lasted a hundred years without massive loss in value, or completely disappearing altogether.

This is a sensible riposte only if it takes you a hundred years to get to the grocery store.

You typically live longer with your savings than 10 minutes to the grocery store. In other words, I could not care less if I lose 10% on a typical day in terms of value, but I care a lot more losing 50% (or more!) of the value of my savings over the span of my working life.

Re: I Am Not Satoshi Nakamoto

#117

Post by bouncycastle »

300bps wrote: post #51
Dwolb wrote: post #42

Earlier quoted context omitted.

I dunno I’m an over-halfway believer in crypto. The other day I wanted to invest in a token. So I transferred ETH out of Coinbase to MetaMask wallet, then traded my ETH for the token. Each transaction took about 30sec and cost ~$25. That sounds like a lot! Until you realize ETH has been around only 8 years and the transaction is entirely irreversible by an enterprising (invasive? dictatorial?) third party. To me it’s…

Until you realize ETH has been around only 8 years and the transaction is entirely irreversible It’s funny you make this comment specifically about ETH since it literally exists today as a result of a hard fork that reversed transactions in 2016. https://www.investopedia.com/terms/e/ethereum-classic.asp

The fork did not reverse the transactions. Instead, it made new transactions.

Meanwhile, bitcoin reversed 53 blocks in the 2010 "inflation bug" incident.

Re: I Am Not Satoshi Nakamoto

#118

Post by dane-pgp »

rfd4sgmk8u wrote: post #111
seibelj wrote: post #52

Hal Finney is Satoshi, IMO. Not only is he the first person to respond to Satoshi and receive bitcoin, he lived minutes away from Dorian Satoshi Nakamoto, an unrelated person who Newsweek falsely claimed was Satoshi. Satoshi also stopped posting at the same time Hal's ALS disease became unbearable, and after Hal's death Satoshi never posted again. I believe Hal either interacted with Dorian or drove by his house and…

Satoshi isn't Hal, and please stop suggesting it is. You put Hal's family in danger with this nonsense.

Alternatively, the suggestion that Satoshi's billions are lost forever with Hal's death is perhaps the best way to stop treasure hunters from doing some nasty things to the other potential Satoshi candidates who are still alive.

Re: I Am Not Satoshi Nakamoto

#119

Post by [deleted] »

sillysaurusx wrote: post #59
spurgu wrote: post #9

Quickly skimming through the Wired piece, am I weird for not being that uncomfortable with companies like Coinbase managing your crypto? Or Namebase.io managing Handshake domains? Most people don't care about self-hosting/self-managing their stuff and just want something that works and is easy to use. With both of these (Bitcoin & HNS) you can still have 100% control over it if you choose to. So what if 90% of people…

When Mt Gox went under and it took my father's $11k gift to me along with it, it messed me up for awhile. The idea that my father had worked so many years to save up for me, and that I had squandered it in one day... it took a long, long time to make peace with that. "Not your keys, not your coin" is trite, but true. I was an ardent, outspoken critic of Coinbase for a long time. I was also wrong. Coinbase didn't lose…

[deleted]

Re: I Am Not Satoshi Nakamoto

#120

Post by herendin2 »

throw0101a wrote: post #85
seibelj wrote: post #63

Earlier quoted context omitted.

This is actually an argument I totally disagree with. Businesses are long-lived, have reputations to maintain, and need to build trust. They have every incentive possible to treat their customers right, and issue refunds on valid issues. It is the customers that are sketchy and usually one-offs, and thus use stolen credit cards to burn the business with chargebacks. Businesses lose a huge amount to fraudulent payment…

> They have every incentive possible to treat their customers right, and issue refunds on valid issues. There are plenty of fly-by-night operations that will smash and grab as many transactions as they can and not care about their reputations because they'll just set up under another alias. Further, if your account/wallet gets compromised there is also no irreversibility. Whereas with the 'regular' banking system tra…

So, just don't do business with those obvious fly-by-night companies who have no established reputation or brand?

From a company's point of view almost every individual consumer looks like a potential fly-by-nighter, so companies are forced to accept that risk, and we all share the costs of that. It could be useful to offer an alternative to this paradigm.

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