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Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

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Re: Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

#11

Post by bobwaycott »

wolfgke wrote: post #7
bobwaycott wrote: post #2

Genuinely curious: Why does anyone care about who Satoshi is IRL? Is it the mystery? The hunt? Is there a Bitcoin prize to be had?

The article gives one answer: Satoshi owns lots of bitcoins. The article mentions 1.1M BTC. At the current rate this is about 500M US$. I think lots of people are eager for this amount of money. Finding out who legitimately owns this money could have a large influence on the exchange rate of bitcoin. Also if these BTCs would be "let free" this could even destroy bitcoin - a lot of power. Also the more philosophical a…

Okay, so this is kind of what I've been assuming.

So, why would discovering the real-life identity impact the exchange rate? What exactly would be different if Satoshi stepped out on an aircraft carrier with a big "Mission Accomplished" banner today?

I find the philosophical argument fascinating. It's like a bunch of Antonin Scalias arguing about the need for a strict constructionist view of the Founder's vision, to then find a foothold for draping it around their own subjective views for legitimacy? I had no idea shit got this real in the Bitcoin world.

Re: Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

#12

Post by bobwaycott »

buro9 wrote: post #10
bobwaycott wrote: post #2

Genuinely curious: Why does anyone care about who Satoshi is IRL? Is it the mystery? The hunt? Is there a Bitcoin prize to be had?

It could be argued that if Satoshi is a person, and that person created Bitcoin on equipment provided by a workplace, during work time... and if those first 1 million bitcoins were mined on equipment owned by a workplace... Then depending on the legal jurisdiction of that person... * The employer have a claim on the IP and the initial licence was incorrect * The employer have a claim on the bitcoins * The employer co…

Well, shit. That's pretty heavy. I suppose I would want to remain anonymous if I was concerned about that scenario.

Re: Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

#16

Post by ifdefdebug »

It is clearly obvious that Craig Wright will be accused of identity theft by many if he really provides the crypto proof he announced yesterday.

Too many people prefer to think of Gavin Andresen as a complete idiot easy to fool with some stupid tricks or even a fraud one can buy, rather than to accept Craig Wright as Satoshi Nakamoto. They also think about Craig Wright as a complete idiot who gives false proof easily debunked in a matter of a few hours, when he never ever stated that his discussion of "Key Verification" was a proof of anything.

So if he is who he claims, which is something I don't know, then he has good reasons to try to proof it far beyond a signed message. The signed message, if it appears, won't settle things for him. Many people will just say he had the keys stolen.

Re: Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

#17

Post by PakG1 »

bobwaycott wrote: post #12
buro9 wrote: post #10

Earlier quoted context omitted.

It could be argued that if Satoshi is a person, and that person created Bitcoin on equipment provided by a workplace, during work time... and if those first 1 million bitcoins were mined on equipment owned by a workplace... Then depending on the legal jurisdiction of that person... * The employer have a claim on the IP and the initial licence was incorrect * The employer have a claim on the bitcoins * The employer co…

Well, shit. That's pretty heavy. I suppose I would want to remain anonymous if I was concerned about that scenario.

Doesn't matter if you did a good job documenting and proving that you didn't use work equipment. I remember a speaker once telling an audience something like don't even use the same brand pens or notebooks purchased by your employer to jot down your ideas and stuff.

Re: Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

#18

Post by gruez »

jbmorgado wrote: post #15

Seriously what's with all this bitcoin propaganda on Hacker News these days? Is this kind of stuff even interesting except to the few people that have money invested in bitcoin?

How is this bitcoin propaganda? It doesn't promote bitcoin in any way. Or are you calling anything bitcoin related "propaganda"?

Re: Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

#20

Post by wolfgke »

bobwaycott wrote: post #11
wolfgke wrote: post #7

Earlier quoted context omitted.

The article gives one answer: Satoshi owns lots of bitcoins. The article mentions 1.1M BTC. At the current rate this is about 500M US$. I think lots of people are eager for this amount of money. Finding out who legitimately owns this money could have a large influence on the exchange rate of bitcoin. Also if these BTCs would be "let free" this could even destroy bitcoin - a lot of power. Also the more philosophical a…

Okay, so this is kind of what I've been assuming. So, why would discovering the real-life identity impact the exchange rate? What exactly would be different if Satoshi stepped out on an aircraft carrier with a big "Mission Accomplished" banner today? I find the philosophical argument fascinating. It's like a bunch of Antonin Scalias arguing about the need for a strict constructionist view of the Founder's vision, to…

> So, why would discovering the real-life identity impact the exchange rate?

If we came to conclusion that Satoshi was a "I mined lots of early blocks who gave a really high block reward. And you all were all parts of this 'Ponzi scheme' which made me rich" kind of person - I can image quite well the consequences for the BTC exchange rate.

If we found out that Bitcoin was an experiment by some CS genius that got a little bit out of control in scope, the trust many have in the Bitcoin protocol (reflected by the exchange rate) would probably decrease, since people could conclude that Bitcoin wasn't as thought-through as many Bitcoin advocates want the world to believe.

On the other hand, if we concluded that Satoshi was some computer scientist whose expertise simply rather lies in cryptography and who secluded himself from Bitcoin simply for the reason that he knows that the next steps will need an expert for scaling of systems for which he will be no help, but he is sure the further development of Bitcoin is in good hand, this would probably increase the trust people have in Bitcoin and thus increase the exchange rate.

I could write down lots of other fictional examples, but I think the idea is clear.

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