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Satoshi Nakamoto denies being Dorian Nakamoto

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Re: Satoshi Nakamoto denies being Dorian Nakamoto

#81

Post by declan »

Varcht wrote: post #46

Satoshi's Dilemma Satoshi has created a new currency, a cryptocurrency. The currency has become more popular and valuable than Satoshi could have imagined. Satoshi now holds almost $1 Billion of his new currency. Due to the currencies psuedo-anonimity, low liquidity and it's value in illicit trade it is far too dangerous for Satoshi to cash in and reveal himself...

Yes and no. The town I live in has multiple billionaires living in it, and is adjacent to two with even more. I've visited two houses owned by such folks and their answer is what you'd expect: private security guards. Large, well-armed, and very unfriendly until they've verified via radio you're actually supposed to be there.

The key is, though, and maybe this is what you're referring to, that these folks don't store wealth on their home PCs. So their threat model is a little different.

I'm sure HN readers who follow Bitcoin more closely than I do could think of a better system, but presumably the real Satoshi could hire lawyers to set up a company or trust to hold his bitcoins, sell them over time, and store the proceeds in a more traditional manner. Not especially difficult. And, assuming taxes are paid, it may even be possible to remain anonymous.

Re: Satoshi Nakamoto denies being Dorian Nakamoto

#82

Post by acjohnson55 »

If I were Satoshi (Dorian) Nakamoto and I wanted people to leave me alone, I might post as Satoshi and tell people I'm not Dorian.

If I'm Satoshi Nakamoto and I'm not Dorian, I might post as Satoshi to try to get people to leave Dorian alone. But that's a pretty feeble attempt. If he cared enough to get people to leave Dorian alone, you'd think he'd come up with something that provided a bit more proof. Otherwise, why bother breaking silence?

Re: Satoshi Nakamoto denies being Dorian Nakamoto

#83

Post by declan »

azcoder wrote: post #76
euank wrote: post #73

Earlier quoted context omitted.

Unfortunately, that proves nothing. Early on, there were so few people mining that practically everyone had a "large volume". As such, if you pick any arbitrary bitcoin transaction at that time, it's highly likely it will have originated from a large volume source in the recent past. I think it's more likely a case of mistaken identity; there are many people in this world, and I think that the chance of someone remem…

>Unfortunately, that proves nothing. Linking Dorian to Bitcoin at any time proves everything, proves Dorian = Satoshi. If Dorian paid for crepe in July 2011 with Bitcoin, Dorian is lying and Dorian = Satoshi. There was a large Bitcoin Conference in New York at that time, giving good reason to be there. The retailer said she recognized Dorian as the customer. He didn't want his picture taken or name recorded. Good odd…

Except there's no evidence linking Dorian to that July 2011 crepe. Is there? Someone said "I dunno, he looks kinda familiar?" That's it?

Re: Satoshi Nakamoto denies being Dorian Nakamoto

#84

Post by tonyarkles »

adamnemecek wrote: post #31
jnbiche wrote: post #21

Even more interesting: look who signed Satoshi's key on April Fools Day of last year [1]. http://sks.pkqs.net/pks/lookup?op=vindex&fingerprint=on&sear... (ignore the signature from today, anyone could have done that in the brouhaha following today's disclosures) Based on that, it looks pretty clear to me that Dorian Nakamoto decided to "latch on" to the Satoshi Nakamoto founder's myth, either as a way to boost his re…

Lol at the John Titor reference https://en.wikipedia.org/wiki/John_Titor (for the uninitiated)

Hah, I caught it right away and chuckled, especially since it's got the timestamp faked back to 2001.

Re: Satoshi Nakamoto denies being Dorian Nakamoto

#85

Post by flylib »

euank wrote: post #73
azcoder wrote: post #63

I think the most compelling evidence that Dorian is Satoshi is described here: https://news.ycombinator.com/item?id=7354326 [EDIT: if an eyewitness account is compelling enough for you, this is evidence. it is to me, apparently not to some.] Dorian (as recognized by the retailer) bought a crepe from one of the first retailers to accept bitcoins, the 1st transaction of the crepe retailer's bitcoin address at 1KfQKmME7…

Unfortunately, that proves nothing. Early on, there were so few people mining that practically everyone had a "large volume". As such, if you pick any arbitrary bitcoin transaction at that time, it's highly likely it will have originated from a large volume source in the recent past. I think it's more likely a case of mistaken identity; there are many people in this world, and I think that the chance of someone remem…

Dorian is claiming he never heard about Bitcoin until a few weeks ago so if he was using them in 2011, then he is obviously Satoshi

Re: Satoshi Nakamoto denies being Dorian Nakamoto

#86

Post by nly »

Varcht wrote: post #46

Satoshi's Dilemma Satoshi has created a new currency, a cryptocurrency. The currency has become more popular and valuable than Satoshi could have imagined. Satoshi now holds almost $1 Billion of his new currency. Due to the currencies psuedo-anonimity, low liquidity and it's value in illicit trade it is far too dangerous for Satoshi to cash in and reveal himself...

> Due to the currencies psuedo-anonimity, low liquidity and it's value in illicit trade it is far too dangerous for Satoshi to cash in and reveal himself...

- None of Satoshis coins can be linked to illicit trade because he mined them himself.

- Low liquidity isn't really a problem, the Bitcoin community is so fanatical that any coins held by Satoshi would likely sell at a premium... even without the fanclub, he'd certainly make enough to live comfortably for the rest of his life even if he couldn't liquidate all his holdings.

- The same fanclub seems quite fierce in defending Dorian/Satoshi.

- The tax situation has been official clarified in the UK. Now its recognised as a Capital Gain, US citizens can presumably come here to sell Bitcoin and avoid double taxation under tax treaty? (Possibly, I'm not an accountant or a lawyer)

Re: Satoshi Nakamoto denies being Dorian Nakamoto

#87

Post by azcoder »

declan wrote: post #83
azcoder wrote: post #76

Earlier quoted context omitted.

>Unfortunately, that proves nothing. Linking Dorian to Bitcoin at any time proves everything, proves Dorian = Satoshi. If Dorian paid for crepe in July 2011 with Bitcoin, Dorian is lying and Dorian = Satoshi. There was a large Bitcoin Conference in New York at that time, giving good reason to be there. The retailer said she recognized Dorian as the customer. He didn't want his picture taken or name recorded. Good odd…

Except there's no evidence linking Dorian to that July 2011 crepe. Is there? Someone said "I dunno, he looks kinda familiar?" That's it?

>Someone said "I dunno, he looks kinda familiar?" That's it?

That's not what she said. She said it was him. They had conversation and interactions etc to form good memory.

Re: Satoshi Nakamoto denies being Dorian Nakamoto

#88

Post by nwh »

josephagoss wrote: post #5

This is likely to be the admin of the site perhaps? Or a hacker? I would have expected the real Satoshi to sign a message from his known address making it certain it's him.

The owner of the site is looking into it — https://pay.reddit.com/r/Bitcoin/comments/1zs8fi/i_am_nicola...

The username checks out, has an OTC rating, and has been on bitcointalk since 2011. Completely trustworthy, lets see what they say.

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