Why Satoshi's coins will never hit the market

[Cassius]

Evidence suggests his ~1 million BTC were mined into throwaway addresses:
https://bitscan.com/articles/satoshis-millions-gone-for-good

[HarmonLi]

Evidence suggests his ~1 million BTC were mined into throwaway addresses:
https://bitscan.com/articles/satoshis-millions-gone-for-good

Well if this is true, he truly anticipated everything. It keeps on blowing my mind that he thought of all these consequences and incredibly intelligent and yet simple ways to tackle certain problems!

[Enfield]

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

[Coogan]

Personally I think he probably has control of them but is just hodlling  . Obviously he's likely bitcoin's biggest believer. Think of all the good he could do with all those coins.

[HarmonLi]

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

I think he should have made something obvious like an address that consists of a string or something. That way people could be pretty sure he doesn't have control about the coins anymore. If those coins move, I bet they move into a black-hole address.

[Rampton]

but the most intriguing detail of that whole sorry saga was that the real Satoshi did apparently come forwards and make a terse statement on his P2P Foundation account, which had been unused in 5 years: ‘I am not Dorian Nakamoto’. Otherwise, Satoshi Nakamoto seems to have stepped back from bitcoin, handing it over to others entirely.

I thought this wasn't satoshi but several of his accounts had been compromised and thus it was an imposter. Can anyone confirm or deny this?

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

I think he should have made something obvious like an address that consists of a string or something. That way people could be pretty sure he doesn't have control about the coins anymore. If those coins move, I bet they move into a black-hole address.

I think the most likely scenario is he's either dead or purposely lost access to them, but something tells me he wouldn't just waste the coins like this.

[HarmonLi]

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

I think he should have made something obvious like an address that consists of a string or something. That way people could be pretty sure he doesn't have control about the coins anymore. If those coins move, I bet they move into a black-hole address.

I think the most likely scenario is he's either dead or purposely lost access to them, but something tells me he wouldn't just waste the coins like this.

Well, he could very well still have many coins we can't really trace back to him. Maybe he still pool-mined some coins back in the days! If those coins move, the price will suffer. Badly.
Don't think he's dead, though. He just faded out his influence in order to make Bitcoin more democratic and decentralized

[networthsigns]

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

What we do know is though that he was here he created Bitcoin mined a very very nice amount and then went totally of the public radar for what reasons we do not know, but we do know most if not all of his coins remained untouched in wallets that there are links to in some threads here.

Question is why would he not spend any of the coins at the first bubble if he could indeed get to them to spend, only someone filthy rich would leave them to never touch but i am talking filthy rich 100's of millions banked.

[NeuroticFish]

Everything related to Satoshi is pure speculation.

Nice stories, bad stories, speculations, anything that can go to a newspaper is actually welcome, if the newspaper has wider audience than the already informed bitcoiners.
If this "news" will make it into another paper - in a way or another, then it will not be wasted time. for now it is...

[randy8777]

it's amazing if all this is true. but only satoshi himself knows that. we can only guess and speculate whether he still have them or not.

[Cassius]

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

Aside from the evidence of course. Did you even read it?
It's not a watertight case but strongly plausible.

[HarmonLi]

I agree, it's only speculation - but this is the speculation board, after all Well Satoshi still has access to master keys to send messages, I believe. Also he could sign a message from an address that's known to be his to prove his identity if he wanted to.

[Cassius]

That band on the graph can only be him. Did he really keep 20,000 keys, or just a few to larger accounts?

[xDan]

The article speculates that keeping 20,000 private keys is "unlikely".

This is the only "evidence" that I see.

Maybe Satoshi generated them sequentially from some seeds. Then he only needs a unique seed per mining machine.

Maybe he wrote them out to a database or simple log file and has these files backed up.

I do kind of want to believe he threw away the keys, it would have been the best thing to do for the good of Bitcoin. (Shame he won't actually state he did that...) But I see nothing approaching proof.

[Cassius]

The article speculates that keeping 20,000 private keys is "unlikely".

This is the only "evidence" that I see.

Maybe Satoshi generated them sequentially from some seeds. Then he only needs a unique seed per mining machine.

Maybe he wrote them out to a database or simple log file and has these files backed up.

I do kind of want to believe he threw away the keys, it would have been the best thing to do for the good of Bitcoin. (Shame he won't actually state he did that...) But I see nothing approaching proof.

That's possible, of course. But it's interesting they haven't moved since. It's speculation, but Occam's Razor suggests it's more likely than the alternative. Remember, the coins were literally worthless then, and bitcoin was still an experiment in its infancy.

[futureofbitcoin]

You know, if this Dorian nakamoto really IS the satoshi nakamoto, and wanted to remain anonymous, he could've just lied to get people to stop bothering him?

but the most intriguing detail of that whole sorry saga was that the real Satoshi did apparently come forwards and make a terse statement on his P2P Foundation account, which had been unused in 5 years: ‘I am not Dorian Nakamoto’. Otherwise, Satoshi Nakamoto seems to have stepped back from bitcoin, handing it over to others entirely.

I thought this wasn't satoshi but several of his accounts had been compromised and thus it was an imposter. Can anyone confirm or deny this?

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

I think he should have made something obvious like an address that consists of a string or something. That way people could be pretty sure he doesn't have control about the coins anymore. If those coins move, I bet they move into a black-hole address.

I think the most likely scenario is he's either dead or purposely lost access to them, but something tells me he wouldn't just waste the coins like this.

[ElectricMucus]

The article speculates that keeping 20,000 private keys is "unlikely".

This is the only "evidence" that I see.

Maybe Satoshi generated them sequentially from some seeds. Then he only needs a unique seed per mining machine.

Maybe he wrote them out to a database or simple log file and has these files backed up.

I do kind of want to believe he threw away the keys, it would have been the best thing to do for the good of Bitcoin. (Shame he won't actually state he did that...) But I see nothing approaching proof.

Bingo

There is also the possibility that satoshi nakamoto thought it's possible that generating the coins into different adresses each block can make it harder to track which ones are his.
And it would have worked if it weren't for the sequential nonces that linked the different blocks together.

Plus AFIK solo mining sends generated coins to different addresses on it's own, at least using any client I am aware of, which doesn't mean they don't all belong to the same private key. I even think that was the default behavior from the start.
So IIRC the whole article is incorrect. Can somebody confirm?

[patt0]

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

I think he should have made something obvious like an address that consists of a string or something. That way people could be pretty sure he doesn't have control about the coins anymore. If those coins move, I bet they move into a black-hole address.

Is there a way that he could have proved that the bitcoins were really lost? Even if the address he used to send them to was just some string, wouldn't someone eventually create that address and get the coins? xD
Or are you saying that it should be something pre-programmed to have an address that can't be accessed?

Article looks like bullshit based off nothing but speculation to me. There's nothing that offers proof or backs up their claims at all. Nobody knows what happened to satoshi, his coins, or even if he is one or more people.

What we do know is though that he was here he created Bitcoin mined a very very nice amount and then went totally of the public radar for what reasons we do not know, but we do know most if not all of his coins remained untouched in wallets that there are links to in some threads here.

Question is why would he not spend any of the coins at the first bubble if he could indeed get to them to spend, only someone filthy rich would leave them to never touch but i am talking filthy rich 100's of millions banked.

I don't think the bitcoins that are in addresses people know to be from Satoshi can be used. If they are moved people may think he is selling or something and make the price crash lol.

[Cassius]

The article speculates that keeping 20,000 private keys is "unlikely".

This is the only "evidence" that I see.

Maybe Satoshi generated them sequentially from some seeds. Then he only needs a unique seed per mining machine.

Maybe he wrote them out to a database or simple log file and has these files backed up.

I do kind of want to believe he threw away the keys, it would have been the best thing to do for the good of Bitcoin. (Shame he won't actually state he did that...) But I see nothing approaching proof.

Bingo

There is also the possibility that satoshi nakamoto thought it's possible that generating the coins into different adresses each block can make it harder to track which ones are his.
And it would have worked if it weren't for the sequential nonces that linked the different blocks together.

Plus AFIK solo mining sends generated coins to different addresses on it's own, at least using any client I am aware of, which doesn't mean they don't all belong to the same private key. I even think that was the default behavior from the start.
So IIRC the whole article is incorrect. Can somebody confirm?

Yes: new address, new key each block. I don't follow your logic.

[ElectricMucus]

Each wallet can have several receiving addresses. And I'm pretty sure you don't need a new private key for that.
I'm pretty sure I remember that this is even the default behavior from solo mining litecoins.