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Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

nytimes.com

581–590 of 905 posts

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#581

Earlier quoted context omitted.

One of their journalists also doxxed Naomi Wu, intruding on her personal life, making her lose her income, and possibly getting her in trouble with Chinese authorities: https://x.com/RealSexyCyborg/status/1209815150376574976 The journalist themselves is a real piece of work: https://thehill.com/homenews/media/463503-sarah-jeong-out-at... Kinda goes to show you the kind of people who write these stories. Ethics haven'…

> “Oh man it’s kind of sick how much joy I get out of being cruel to old white men,” Jeong said in one tweet from 2014 that has since been deleted. You weren't messing, she seems lovely.. /s

[flagged]

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#582

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>why would you do that if you were rich? Satoshi can't spend any of his bitcoins without tanking bitcoin's price. So Satoshi needs to find some other way to support himself. Creating bitcoin related companies is one way.

Nobody knows which coins Satoshi owns, it's just a guess for the very early coins and that guess gets progressively less accurate as time goes by. And this was a long time ago. There was no particular reason to think back then that Satoshi spending his coins would tank the price. Everyone back then was spending Bitcoins because that was the only way to build the economy. The idea that if his coins move everyone would…

This [1][2][3] seems to have a methodology for identifying Satoshi's coins, mined from 2009 to May 2010. But yes, for coins mined after May 2010, he likely can spend without scrutiny.

>The idea that if his coins move everyone would panic is a post-2015 idea

Here are 2 people in 2013 expressing that idea: [4][5].

[1] https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-...

[2] https://bitslog.com/2013/04/17/more-on-block-mining-history-...

[3] https://bitslog.com/2013/04/24/satoshi-s-fortune-a-more-accu...

[4] https://news.ycombinator.com/item?id=5569077

[5] https://news.ycombinator.com/item?id=5569346

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#583
post #312

Simple question for anyone who’s familiar with this world of journalism: how does the author and the NYTimes cope with the fact that making such claims paint a huge target on the person they claim to have “unmasked”? Satoshi’s wallets are worth hundreds of millions of dollars, and there have been kidnappings/torture/murders for much less than that. Do they just not care about the ethical implications? And really, for…

He is a billionaire who should pay taxes.

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#584
post #346

Earlier quoted context omitted.

The NYTimes infamously doxxed Slate Star Codex[1], despite him basically begging them not to because it would upend his psychiatry practice, back in 2020 for no reason other than because they could. [1]: https://news.ycombinator.com/item?id=23610416

One of their journalists also doxxed Naomi Wu, intruding on her personal life, making her lose her income, and possibly getting her in trouble with Chinese authorities: https://x.com/RealSexyCyborg/status/1209815150376574976 The journalist themselves is a real piece of work: https://thehill.com/homenews/media/463503-sarah-jeong-out-at... Kinda goes to show you the kind of people who write these stories. Ethics haven'…

Are you able to explain in 1 short sentence what Vice did wrong to her? Because I can't. I remember reading Wu's explanation and couldn't find anything in there, like at all. It was filled with prejudice.

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#585
post #161

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A major problem with the article is the author's inability to weigh the evidence: actual evidence, like presence/absence pattern, is buried whereas p-hacking stylometry (let me try another expert, this one didn't give me what I wanted! let me feed him the Satoshi/Adam Back tells that I'm already in love with!) is majority of the article. It also includes absolute garbage like the vistomail spoof email during the bloc…

I've had the fortune/misfortune to be directly or peripherally involved in nearly a dozen situations that made it to press and there isn't a single case where the story represented in the article wasn't blatantly misinterpreted from the facts. In nearly every case what was mentioned in the article was the complete opposite of what actually happened. Biggest/Most-egregious offenders were Vice and Vox Media but include…

can you give some examples? I'm very interested in this. (after all we had about a decade of crying "fake news" - and as far as I understand the verdict was that big traditional outlets get the basic facts right - who what where when - but are absolutely clueless about or intentionally spin the "why".)

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#586

Earlier quoted context omitted.

I hate this idea that doxxing is some kind if crime. “Who is the creator of bitcoin?” is a matter of great public and historical interest. Finding out who he is, is the purest form of journalism.

Good point, personally I had never considered that doxing could be considered not illegal/crime.

It's a horrible point, it assumes that the person being doxxed is the claim of the doxer.

There is no wait they can be 100% sure, so they will ruin someone's life over what?

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#587

Earlier quoted context omitted.

What's the much more plausible reason?

That the person is dead would be a pretty convincing one. Or they just lost access.

Yep. Dead, lost access or in prison. I'm leaning towards dead.

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#588
post #337

Earlier quoted context omitted.

An estimated 22,000 addresses, 1.1 million Bitcoin. Present value $78 billion. That would make him the 23rd richest person in the world. Bill Gates by comparison is 'only' worth $102 billion these days. If you priced Gates backwards in gold, his $102 billion is about $13 billion two decades ago. He hasn't kept ahead of the destruction of the dollar very well.

If any of those addresses sold a single sat the price would crash hard .

Biggest pump and dump in history

Re: Who is Satoshi Nakamoto? My quest to unmask Bitcoin's creator

#589
post #405

Earlier quoted context omitted.

It's not even hundreds of millions. It's tens of billions of dollars if we suppose someone actually have access to these wallets. Bitcoins across old unused wallets worth $30B to $80B depend of how you count it.

> Bitcoins across old unused wallets worth $30B to $80B depend of how you count it. It's worth considerably less if you make any attempt to count it accurately. The market capitalization reflects the fact that old unused wallets are unused. If they stopped being unused, market capitalization would drop.

In some sense they are even completely worthless - just tokens in a wealth redistribution scheme not connected to notable real value production.

If the system does crash, nothing of value would be lost. And we would be rid of ransomware.

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