263
this post was submitted on 21 Dec 2024
263 points (97.1% liked)
Technology
60044 readers
2778 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How frustrating would it be to be this guy if his claims were true.
Then it would be trivial to sign a message using his known wallet address that could be cryptographicly verified. But he is lying so he can't.
I don't think this guy is Satoshi but no Bitcoin wallets known to belong to Satoshi have been active since their initial transactions. I think it's likely that the keys for those wallets have been lost. So I don't think the inability to sign these messages proves that he's not Satoshi, the fraud does though.
I think that's entirely possible. But I think it's also quite likely that those wallets are intentionally being left alone. I think there are legitimate fears that revealing the identity of Satoshi would destabilize the Bitcoin economy (as well as make that person a serious target). Personally, if I were Satoshi, I would try to keep my identity secret.
Also, if you were to ask me, i'd say that this guy isn't Satoshi because in all likelihood, Satoshi is Nick Szabo.
I've often heard about these legitimate fears, though why would revealing Satoshi's real identity destabilise the bitcoin economy/make him a target?
Genuinely unsure.
When the Bitcoin network first started, only Satoshi was mining coins. He released the white paper, he talked about it publicly and encouraged people to try it, but it took a while for other nodes to join up and start mining. He could hold half the coins mined in the first 6 months. (If it were half the coins in the first 6 months, that would be 1.3 million coins, currently worth $129 billion). That is a potentially destabilizing amount of money.
Because there is a huge number of bitcoins in the wallets believed to belong to Satoshi.
A lot of the people in the bitcoin markets just assume that those wallets will remain dormant indefinitely, and if there is any activity on them it might unnerve enough of them to cause a collapse.
I pretty much see any person claiming to be nakamoto wether the claim is legitimate or not to be treated exactly as they are treating this guy. Governments In collusion with the military and prison industry profiteers who control all the major financial institutions want to do whatever they want with BTC’s blockchain technology and arent about to let any pesky copyright claims become a hindrance regardless of the validity or lack thereof.
If the keys have been lost then so has Satoshi. Otherwise any random idiot can say they're satoshi. Sucks to suck.
Look at me guys! I'm satoshi!!!!!
/s
If this was the actual explanation, that would be kind of funny (and possibly ironic?)
Just the pure distillation of, "protect the private key with your life." If it can happen to the person who literally created the thing, it can happen to you.
Pretty sure they caught him in a lie or two