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Craig Wright suing developers to forcibly give him access to internet coins

theregister.com

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Re: Craig Wright suing developers to forcibly give him access to internet coins

#151

Post by Terry_Roll »

ddtaylor wrote: post #150
Terry_Roll wrote: post #144

Earlier quoted context omitted.

So what you call a passphrase I would call a password, but its the secret bytes which have to be known in order for the blockchain to allow the move.

That's where it gets a bit complex. There are both passwords and phrases, but usually for different purposes: Traditional passwords are used sometimes to encrypt the secret bytes (private key) similar to how an SSH key might be encrypted and unlocked. In this usage the actual bytes are encrypted and stored somewhere (like on disk) and if you lose that file or the password you used to encrypt it, you therefore lose th…

Yeah but ultimately I still need those bytes to move the coins. Doesnt matter what method I use to come up with those bytes, beit a password or a brain wallet, they are just algo's of various length and time to compute.

Re: Craig Wright suing developers to forcibly give him access to internet coins

#152

Post by Stevvo »

astoor wrote: post #38
Stevvo wrote: post #32

Earlier quoted context omitted.

Literally the only thing heard from Satoshi since he disappeared was a post from a mailing list from a known email address of his saying "I am not Craig Wright"

I believe the last verified communication from Satoshi (before the account was compromised) was "I'm not Dorian Nakamoto" in 2014: http://p2pfoundation.ning.com/forum/topics/bitcoin-open-sour... . Edit: See also the full list of forum posts at https://satoshi.nakamotoinstitute.org/posts/ .

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015...

Re: Craig Wright suing developers to forcibly give him access to internet coins

#153

Post by int_19h »

lbriner wrote: post #5

What are the theories about why the real Satoshi doesn't just move all the coin to another wallet himself to prove that Craig Wright is just a scammer?

Satoshi is a time traveler, and he won't touch that wallet until BTC reaches its peak value in his timeline. ~

Re: Craig Wright suing developers to forcibly give him access to internet coins

#154

Post by jimmydorry »

nullc wrote: post #113
jimmydorry wrote: post #79

Earlier quoted context omitted.

With 51% hashpower, you can make illegal (by consensus) transactions on the longest chain. This will fork off the validating nodes, but most light clients won’t see an issue and will follow the malicious chain.

In practice it doesn't actually work that way. Lite clients use a semi-trusted validator, and the semi-trusted validator won't be tricked. I say practice rather than theory because it's not just theory: There are many different forks of Bitcoin, including one created by Wright (BSV, "bitcoin satoshi vision" lol) which exist and are used and have lite clients. For many users, the brief exposure to the wrong chain if t…

Thanks for your clarification nullc. I don’t quite follow:

* How will the light clients notice if they are on the malicious chain if it has the most work (for simplicity they see 1 malicious node and 1 non-malicious)? The light wallet surely goes with the malicious validator with the longest chain, when it sees it.

It’s obvious (to me) that the non-malicious validators won’t accept invalid blocks, but not so obvious to me why light wallets would follow the smaller chain.

This is at the crux of what appears to be my misunderstanding of light clients.

If you have a link, I would like to read more and it would probably save you time from repeating something you’ve likely said before.

As a context reminder: GP claimed that it wasn’t possible to spend someone else’s money, even with 100% of the mining rate.

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