Bitcoin Forum

Hi gang,

Curious. How would Old Boy collect his private keys rightfully owed to him?  ;)

Welcome. Thats not how bitcoin works. You either have the private keys which enable you to spend the funds associated with them or you dont. No one owes anyone any private keys, that would be an awful concept.

Yep, he has them saved somewhere or nobody is able to recover them to him if he doesn't.

LOL. I think he's more entitled to it than you think. Imagine the Bitcoin core developers renigging on that whole trust matter. Poor Old Boy not even allowed to the private keys that they have in their possession. Would ruin the entire concept of Bitcoin wouldn't it? He is the inventor after all.

u miss the point.

trustless means you dont have to trust core developers.

you either have your keys or you dont

You might want to think about that practice a bit. It would ripple across the entire nature of Bitcoin. That would make Bitcoin a giant Ponzi scheme after all. Take the money and run.

I've always figured either Satoshi is a group and in that case an agreement made to delete the keys (true believer thesis).

Or Satoshi, of course, could have been a single dude who decided to delete them for the same true believer reason.

Alternatively Satoshi went off-radar and that means something could have happened to him and that is why nothing ever happens.

We'll never know until the day he/they are known (possibly never).

The Satoshi Nakamoto the public knows is a group of people, the one pulling the con job. The real Satoshi Nakamoto who authored it is a single man. The reason he seemed to have "disappeared" is because they pulled the rug out from underneath him. He's still very much alive, I promise you, but now he wants to collect. If Bitcoin really is that shady and dishonest, can anyone imagine how the shite is going down?

Edward Snowden can confirm Satoshi Nakamoto's real identity. Snowden helped implement Bitcoin with Hal Finney. Bitcoin is tied in with all that Snowden drama. It's not coincidence.

ok, good trolling.  bravo.

move along, nothing to see here folks.

I'm sure you know all about Satoshi, even though you don't know how to use a Bitcoin wallet.

Please tell us more about how you would collect your keys if they were owed to you.  Because, like you said, Bitcoin is based on trust.  Without that, the whole system will fall apart.

I'd find a way to contact the original team and just ask for it. How's that for trust. Legally, and morally, I don't think they can claim it. And why would they, they mined their own. The problem is finding the original team members.

I'm sure they'd be able to come to him whenever they wanted. They won't. Probably expect him to forget. Who knows. I for one wouldn't care if I were him. I'm sure he'll make it another way on his own.

Harding University High School, North Carolina. That's where the secret sauce was stirred.

That's possibly the point behind wanting to make Satoshi "disappear". If it was just about the money, then why name it in his honor? Maybe it's personal. They need something to hold over his head. Like "we used you".

No the disappearing act was him, I'm pretty sure. It had to do with his aloof persona and general don't give a fuck attitude. Just like giving them the idea and urging them to make it open source instead of applying for a patent.

The fake name was more to protect people. Because messing with rich financiers is more dangerous than messing with oil barons.

TBH, being poor and unknown is probably better for him. Look at all these people going to jail over it. Fuck it, I would say if I were him.

I'm sure he still takes an interest in it since it was likely his little monetary experiment.

If he was a so organised man he must have them good organised.
However I think he erased a good amount of his mined bitcoins

The Bitcoin core developers don't have his private keys. That's not how Bitcoin works.

Actually the theory that he just didn't want to hassle, legal or whatever, that he knew was coming might be his reason. Also he might left those coins but mined a little later on himself so he'd just be a normal user. He might even be a long-standing poster here which is a cool possibility. Just some 'miner' chatting with everyone else.

I think he's in this forum, too. ;)

I am confused. Collect it from where ?

Indeed, hiding in plain sight, as it were.

If you don't own your private keys, it means they are not your bitcoin and you did a big mistake. But technically, leaving your Bitcoin in a exchange deposit is giving them your private keys tho..

Satoshi was never in possession of the keys. Therefore, the original team still has them (unless they destroyed them).

What if I said I was Satoshi Nakamoto, then would you still have more credibility than me?

It's a matter of principle. You take someone's work and make money off it and he doesn't get his cut. That's called stealing, isn't it? Now apply that to how the entire operation works. I'm sure people are going to use technicalities, but that goes against their entire mission statement of trust-this and trust-that. Then the whole thing is a sham.

Hahahah, ppl still reply to dumbfcks ?

I thought my post was obvious enough.

If they have the power to fork, trust might be good.  8)

Hah, I like you lol.

just send an email to the core devs.  they should be able to help you get all of satoshi's keys

What's their contact info?

Satoshi was the core team at the beginning! Lmao! You have no idea how bitcoin works do you?

Satoshi and Hal were the first two miners, their computers made coins and the clients they used, the only 2 clients on the network at the time were making coins. Satoshi's and Hal's wallets stored the private keys to each of their coins that they mined. No core dev team has the keys. This core team you made up out of thin air did not mine a bunch of coins and then said "hey Satoshi, these are for you, let me know when you want them!" After Satoshi and Hal mined a little while a third miner started mining, then the fourth and so on. The first bitcoin transaction ever was from Satoshi to Hal, which proves that Satoshi had his keys the whole time! So quit trolling and go educate yourself, all you are doing is proving to everyone that you are an idiot.

LOL. Were you there?

Bitcoin was implemented by Hal Finney and "The New Kids on the Block", a group of boys. But Satoshi was just a boy and he didn't take the key with him. One of the other boys has it.

The first million or so btc have never been touched or moved or traded so maybe satoshi never bothered to keep the keys because this was a year or two before 10,000btc for a pizza time......

Its possible he didn't bother to save them since it was just an experiment and btc had no monetary value back then.... Or he could be dead and the are lost forever...

Bitcoiners better hope that "key" isn't lost. That would make Satoshi's stash value-less, wouldn't it?

If the key is lost and Satoshi's million-BTC stash becomes value-less, Bitcoiners will be more than happy.

In Satoshi's own words, it makes everyone else's Bitcoins more valuable. Think of it as a donation to everyone else.
It also rules out the possibility of Satoshi disrupting the market with his holdings in future.

Think about the apple and the tree. If the tree doesn't have any value, then the apples won't have value. "Value" is a made up thing, it's pure perception. If people found out Satoshi's cache was value-less, perception-wise, then Bitcoin is value-less.

Losing private keys to Satoshi's coins do not make them value-less. It only makes them inaccessible.

Tomato / tomato.... 

I know, but the OP doesn't make any sense when he says "If people found out Satoshi's cache was value-less, perception-wise, then Bitcoin is value-less."

why would you expect a retard to make any sense?

Come on now

Perception is everything.

I might even start trolling him now...  an eye for an eye

i would love to see a million coins in 1BitcoinEaterAddressDontSendf59kuE