Bitcoin Forum

Other => Beginners & Help => Topic started by: babwe9908 on November 04, 2013, 11:23:58 PM



Title: Where did Satoshi go? Why did he disappear in this way?
Post by: babwe9908 on November 04, 2013, 11:23:58 PM
I really love the concept of bitcoins, a virtual crypto currency that only the people control and regulate, no a bank, government or accountants. It really does have some potential to it to make a revolution.

From what I have read about it, the algorithm, encryption and mathematics behind bitcoins seem to be pretty solid. There's only a little concern though

Why the hell did Satoshi, bitcoin inventor go? Is his forum account still inactive?

How much bitcoins does the first block that Satoshi mined contain?


Title: Re: Where did Satoshi go? Why did he disappear in this way?
Post by: DAN444 on November 04, 2013, 11:35:58 PM
Nakamoto Satoshi


Title: Re: Where did Satoshi go? Why did he disappear in this way?
Post by: tearfereon on November 04, 2013, 11:45:41 PM
From what I have read about it, the algorithm, encryption and mathematics behind bitcoins seem to be pretty solid. There's only a little concern though

Why the hell did Satoshi, bitcoin inventor go?


Thats really interesting. He probably want to stay anonymous.


Title: Re: Where did Satoshi go? Why did he disappear in this way?
Post by: monbux on November 05, 2013, 12:10:36 AM
From what I have read about it, the algorithm, encryption and mathematics behind bitcoins seem to be pretty solid. There's only a little concern though

Why the hell did Satoshi, bitcoin inventor go?


Thats really interesting. He probably want to stay anonymous.

Who knows?  This guy is boss at stealth.  Nobody could even find a real picture of him!
I doubt he is here lurking on the forums though, because the person who took satoshi's place stopped getting emails from satoshi a few years back.  It;s like he disapeared o.O


Title: Re: Where did Satoshi go? Why did he disappear in this way?
Post by: DAN444 on November 05, 2013, 12:13:27 AM
Seems like BTC is a really old project
http://thebitcoinnews.co.uk/2013/06/17/the-bitcoin-created-by-the-nsa-tatsuaki-okamoto-is-satoshi-nakamoto/

http://download.springer.com/static/pdf/200/chp%253A10.1007%252F3-540-46766-1_27.pdf?auth66=1383783561_f8b2caea04f3f94d63c44132d1de8d0b&ext=.pdf
Look at these REFERENCES

References
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V01.24, N0.111, pp.713-735 (1970)
[Bl]
[Cli]
M.Blum, "Coin flipping 11y tclcphonc", IEEE, COAiPCON, pp.133-137 (1952)
D.Chaiim, "Sccurity without Idcntification: Transact ion Systems to hlakc Big
I3rothcr Ohsolctc," Cornm. of the AChl, 28, 10, pp.1030-1014 (1955)
[CFN] D.Chaum, A.Fiat antl M. Naor, "Untraccal~le Elcctronic Cash," Proc. of
Crypto'88, pp.319-327 (1988)
[CW] J.L.Cartcr and RI.N.\\'cgrnan, "Universal Classes of IIash Functions," Journal of
Compiitcr and System Scicnces, 18, pp.143-154 (1979)
I.B.Damgbrd, "Payrncnt Systcms and Crcdcntiitl Rlcchanisms with Pro\nablc Sccu-
rity Against Ahusc by Intlivicluals," Proc. of Clrypto'88, pp.328-33.5 (1988) [Da]
[EGL] S.Ei.cn, O.Goldrcich, A.Lcrnpr1: "A Ranclomizcd Protocol Tor Signing Contracts",
Proc. of Crypto'82, pp.305-210 (1982)
[EGY] S.Evcn, O.Goldrcicli, Y.Yacobi: "Electronic \\'allct", Proc. of Crypto'S3, pp.383-
[FOhl] A.Fujioh, T.Okamoto, S.hTiyaguchi:
356 (1083)
"ESIGN: An Efficient Digital Signature
Implementation for Smart Cards", to appear in Proc. of Eurocrypt'D1
B.Hayes, "Anonymotis Onr-Time Signaturcs and Flcxil>le Untraccal>lc Elcrtronic
Cash," Proc. of Auscrypt'90, pp.294-305 (1990)
[HI
[OkOIil] T.Okamoto, antl K.Oht a "Disposable Zcro-I\no~r~lctlgc Authentications and
Their Applications to Untraccable Elcctroi~ic Cash," Proc. of Crypto'89, pp.481-
496 (1989)


Title: Re: Where did Satoshi go? Why did he disappear in this way?
Post by: DeathAndTaxes on November 05, 2013, 12:19:09 AM
How much bitcoins does the first block that Satoshi mined contain?

The genesis block contained 50 BTC like all other blocks in the first 210,000.   This can be verified by any full node with a copy of the blockchain.
https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Due to an early client bug the coins in the genesis block are unspendable and it is highly likely that will never be "patched".  Doing so would make new clients incompatible with older clients and would cause a hard fork. 

In the first year Satoshi probably mined a large number of coins however the network and source code was publicly available at that time, it just happened that very few people could even be bothered to download and run the client. The newslis, where Satoshi published his whitepaper and a year later the first version of the client  (pre bitcointak), had more than 10,000 subscribers yet it would appear less than a dozen even downloaded the client.   Kinda hard to believe now but the early launch of Bitcoin was rather lackluster.