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Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

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Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#71

Post by gnerd »

GeneralMayhem wrote: post #56
mschuster91 wrote: post #41

I don't believe that at all. DPR got busted for posting total newbie questions on Stack Overflow, after all - and SN displayed a deep knowledge of secure coding and cryptography!

What better cover?

I'm not sure I follow your logic here.

There is nothing inherently illegal about creating BitCoin but there is something very illegal about facilitating drug trafficking. If they were the same person, wouldn't you practise good OPSEC to keep you out of prison? What is the value of keeping your identity as BitCoin creator a secret when you are in prison?

If they were one and the same, it seems to me, you would just practise good OPSEC across the board or, if need be, make "mistakes" that reveal you as BitCoin creator (and take the credit) and keep your identity as SilkRoad founder a secret.

Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#72

Post by gizmo686 »

spenvo wrote: post #7

This currently isn't "news," as the paper hasn't been published yet, and none of the disclosed findings are too damning or conclusive. That being said, it's important for two reasons: 1.) the paper gets published tomorrow, which will lead to a round of negative press, regardless of the claims' merit. 2.) More significant: it highlights what I see as an existential threat to the Bitcoin experiment: a.) the poor distri…

Now that I think about it, it seems like Bitcoin was designed to create this problem. The protocol produces blocks at an (on average) constant rate, but the value of finding a block decreases exponentially. This gives a significant advantage to the initial investor.

I understand that the point of this exponential decay was to that, after the currency was bootstrapped, there would be a constant supply. However, couldn't this be accomplished with a constant, or increasing, rate of production in the beginning, then let the rate decline at the end?

Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#73

Post by gizmo686 »

atmosx wrote: post #34
gnerd wrote: post #14

Earlier quoted context omitted.

> a.) the lack of even distribution of early wealth Like an IPO? [1] > b.) the possibility that a great percentage of Bitcoin are currently held by bad actors (criminals, anarchists, use your imagination). I know you are probably using the term anarchist in the colloquial sense (meaning those black bloc anarchists who smash things and want revolution) conjuring images of a Mad Max like dystopia, but would you conside…

Well, early adopters do have an unfair advantage no matter how you links try to justify it.

It's not the unfair advantage as much as the risk that individuals controll enough of the currency to cause significant damage to the market.

Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#74

Post by clarkm »

dsrguru wrote: post #66
gwern wrote: post #58

Earlier quoted context omitted.

Here's a quick litmus test when someone proposes a Satoshi candidate X: "how did $X pay for DigiRock hosting of bitcoin.org in August 2008 when DigiRock accepts only yen and has no English language support?"

Presumably the same reason they chose a Japanese name--that at least one of them speaks Japanese. I'm not really sure where you're going with this, but if you read the analysis in the article I linked to, as well as King's response to the author's email, I think you'll agree that they're a likely candidate.

It's very unlikely that it's Neal King. He doesn't fit the profile at all, and his patent doesn't have anything to do with Bitcoin.

Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#75

Post by plainOldText »

gnerd wrote: post #14
spenvo wrote: post #7

This currently isn't "news," as the paper hasn't been published yet, and none of the disclosed findings are too damning or conclusive. That being said, it's important for two reasons: 1.) the paper gets published tomorrow, which will lead to a round of negative press, regardless of the claims' merit. 2.) More significant: it highlights what I see as an existential threat to the Bitcoin experiment: a.) the poor distri…

> a.) the lack of even distribution of early wealth Like an IPO? [1] > b.) the possibility that a great percentage of Bitcoin are currently held by bad actors (criminals, anarchists, use your imagination). I know you are probably using the term anarchist in the colloquial sense (meaning those black bloc anarchists who smash things and want revolution) conjuring images of a Mad Max like dystopia, but would you conside…

I know it doesn't add anything to this discussion, but I must say, your reply is very articulate and elegant. What kind of books are you reading, if you don't mind my asking?

Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#76

Post by dsrguru »

clarkm wrote: post #74
dsrguru wrote: post #66

Earlier quoted context omitted.

Presumably the same reason they chose a Japanese name--that at least one of them speaks Japanese. I'm not really sure where you're going with this, but if you read the analysis in the article I linked to, as well as King's response to the author's email, I think you'll agree that they're a likely candidate.

It's very unlikely that it's Neal King. He doesn't fit the profile at all, and his patent doesn't have anything to do with Bitcoin.

How do you have access to his profile? Could you be mistaking him for the Neal King of Sofia University or the Neal King who was a marijuana grower who recently disappeared?

Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#77

Post by auctiontheory »

dobbsbob wrote: post #43
spenvo wrote: post #7

This currently isn't "news," as the paper hasn't been published yet, and none of the disclosed findings are too damning or conclusive. That being said, it's important for two reasons: 1.) the paper gets published tomorrow, which will lead to a round of negative press, regardless of the claims' merit. 2.) More significant: it highlights what I see as an existential threat to the Bitcoin experiment: a.) the poor distri…

There's no way in hell Satoshi is anywhere connected to "DPR". Look at the OPSEC between the two. Satoshi carefully concealed his identity even in the early crypto mailing list days of Bitcoin. Ross Ulbricht failed at this completely throughout his underground career. Satoshi was a pretty good developer, Ulbricht posted to Stackexchange the most basic of php questions. Satoshi seemed to be very aware of the power of…

Satoshi carefully concealed his identity

Or her.

Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#78

Post by hrjet »

gnerd wrote: post #38
atmosx wrote: post #34

Earlier quoted context omitted.

Well, early adopters do have an unfair advantage no matter how you links try to justify it.

Yeah, like every other economic system. That's life, that's nature. If you dumped 10% of your savings into BitCoin in 2010, you took a great risk and this is the reward. Had you been the angel investor dumping $100000 into Google when there was no business plan, the same applies or what about people who bought domain names for common words or phrases or That's the game, and you and I didn't win this round.

More than the early adopters, I am more worried about the unfair advantage that the creators of Bitcoin enjoy. IIRC, just one individual already owns ~25% of all bitcoins that will ever be mined!

Re: Study Suggests Link Between Dread Pirate Roberts and Satoshi Nakamoto

#79

Post by gaadd33 »

gnerd wrote: post #50
gaadd33 wrote: post #48

Earlier quoted context omitted.

An IPO is a good point, can you name a currency that had a similar IPO?

In English a simile is a comparison using the words 'like' or 'as'. So using that as a basis it should be fairly obvious that I was definitely not saying this is an IPO but rather comparing getting in early with BitCoin to getting in early with anything with a market value that could appreciate or depreciate (like stocks traded on a stock market, or newly discovered commodities etc.). There is risk and there is rewar…

I am aware of the usage of like in the simile context. Thank you for your concern however.

Due to your link also using an IPO as an example, I was wondering if there are any currencies which have operated in such a manner, namely rewarding first adopters. This question arose because, as you astutely point out in your second paragraph, most new currencies are pegged to either their replacement or alternatively to a basket of commodities or external currencies. I don't believe that there are any currencies, which when launched, were purely floating without any bands or a peg.

Continuing the question, are there any currencies that are pegged to a basket which includes commodities? I'm not sure if you were referencing the Kuwaiti Dinar as one of those, or if you meant that people make and lose money speculating on it but in either case, it appears to only be tied to a basket of currencies.

Very sorry if my English was not clear enough to express my question in the initial format. In the future I'll be sure to elucidate the question better rather then assuming the reader is able to follow along with the simile from the parent comment.

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