131–140 of 185 posts
I thought this youtuber makes a good argument Satoshi is Adam Back. https://www.youtube.com/watch?v=XfcvX0P1b5g
Saw it a while back it’s pretty compelling that it is Adam
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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.
Sometimes people use figures which are dramatically higher which come from counting literally every block in the first year which is unspent, not just ones matching that pattern. That is provably a radical overestimate, as it includes blocks mined by varrious known parties. A common characterisic of almost all musing about Satoshi is extensive confirmation bias e.g. "Satoshi was an early Bitcoin user thus any early Bitcoin user is satoshi!".
In any case, regardless of who Satoshi is/was, wouldn't you like to live in the timeline where some early Bitcoin fortune was used to fund turning cryonics into something that works? Hal is cryogenically preserved, so maybe he's not dead-- only resting [1]. :)
I think the idea that someone managed to get cryonic recovery working specifically because they believed doing so would get them access to a Bitcoin fortune would make for an amusing science fiction novel. ... and really, Science Fiction would be an aspirational level of rigor for most speculation about the identity of Bitcoin's creator. Fortunately, Bitcoin was designed so that it hopefully doesn't matter who created it.
[1] https://old.reddit.com/r/Bitcoin/comments/2evdr8/hal_finney_...
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My feeling is that I could back up both of these statements; the one you made, but also the one I made. He was saying these things before Snowden. And: again, just look at what he's published. He's not Satoshi. (The NIST P-curves aren't backdoored.)
>(The NIST P-curves aren't backdoored.) Unfortunately, we have no way to validate that the NSA did not grind the "seed" used to generate their parameters to search for curves which were strong or weak against some publicly unknown property which is only found in candidate curves at a one in a billion level. This is a weakness in the methodology used to pick the parameters, somewhat lovingly mocked by the BADA55 curve…
I'd like to think we might be on the same page about Schneier and curves.
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>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. Not only that but Bitcoin or whatever shitcoin becomes the next big thing need to scale up the network's ability to handle transactions. Payment processors like Visa handle something like 400x more transactions per unit time than Bitcoin.
This is apples to oranges. A Bitcoin transaction is a settlement, much more akin to fed wire than visa. Visa transactions are not settlements.
Bitcoin fanboys love to talk about the future where you can buy groceries and order pizza with btc. Do you typically use a bank wire for those transactions?
I don't.
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…
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>(The NIST P-curves aren't backdoored.) Unfortunately, we have no way to validate that the NSA did not grind the "seed" used to generate their parameters to search for curves which were strong or weak against some publicly unknown property which is only found in candidate curves at a one in a billion level. This is a weakness in the methodology used to pick the parameters, somewhat lovingly mocked by the BADA55 curve…
We can go back and forth on this. I don't agree with you about the P-curves, you will make well-constructed rebuttals to anything I say about this, we can reconstruct the thread from the search bar, let's not bother. I'd like to think we might be on the same page about Schneier and curves.
Agreed.
As I think we're both agreeing that it's a subject where well informed people could have a reasonable debate and disagreement, if you've got a reasonable link you'd suggest for the perspective you've taken it would be helpful to provide it (I provided the BADA55 curve page for that purpose)! (I could suggest one, but I'd prefer one you like!)
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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…
irreversibility is mostly a negative for anyone who is interested in getting a scam/fraudulent charge taken back. What happens when you purchase an item from some web shop with ETH and it never arrives?
Insurance and dispute resolution are separate jobs from the job of the money itself.
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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…
irreversibility is mostly a negative for anyone who is interested in getting a scam/fraudulent charge taken back. What happens when you purchase an item from some web shop with ETH and it never arrives?
(The person who bought the business, and knew all the details as we provided all the exact numbers from our e-commerce system and bank, actually burnt out and killed the business at great loss to himself when he saw how many people are actually down right thieves)
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> 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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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.
I was under the impression you had to download the blockchain for e.g. bitcoin before you could engage in transactions. Which is something like 350 GB at this point. And then do some processing that takes a while.
Surely this takes a lot more than two minutes.
If you didn't do that, do you really have a crypto wallet?