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Author Topic: Satoshi: "You should never delete a wallet"  (Read 3648 times)
bennybong (OP)
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April 18, 2015, 03:58:39 PM
 #1

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

For sure he has a backup. Somewhere...
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April 18, 2015, 04:01:17 PM
 #2

Did they have any problems that wallet with broken transactions was deleted? As for satoshi of course he has his wallets, because he believed bitcoin will be big

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April 18, 2015, 04:02:11 PM
 #3

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

For sure he has a backup. Somewhere...

Probably, but if he died without telling anyone about it, then they may have been deleted or destroyed by whomever gained control of his things.
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April 18, 2015, 04:04:00 PM
 #4

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

For sure he has a backup. Somewhere...

I've always thought to myself that it doesn't seem right for him to destroy his wallets or lose access to them. It would be like losing or killing your own baby, though I suppose he could have deleted them because of the power it could bring and maybe he feared becoming corrupted by wealth. Hopefully he's just bitcoin's biggest holder and is waiting for them to go worldwide before he starts to use them hehe.

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April 18, 2015, 04:35:35 PM
Last edit: April 18, 2015, 06:29:51 PM by Amph
 #5

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

For sure he has a backup. Somewhere...

Probably, but if he died without telling anyone about it, then they may have been deleted or destroyed by whomever gained control of his things.

it could also be that his backup is screwed too, witouth necessarily being deleted

btw the only reason for not deleting a wallet that you know could not receive any transaction, would be hoping in a chance of collision
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April 18, 2015, 05:12:15 PM
Last edit: April 18, 2015, 05:27:49 PM by LiteCoinGuy
 #6

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

For sure he has a backup. Somewhere...

I've always thought to myself that it doesn't seem right for him to destroy his wallets or lose access to them. It would be like losing or killing your own baby, though I suppose he could have deleted them because of the power it could bring and maybe he feared becoming corrupted by wealth. Hopefully he's just bitcoin's biggest holder and is waiting for them to go worldwide before he starts to use them hehe.


it is the other way around: if he would use an old address with millions of coins, BTC would take a massive hit.  i guess all early mined coins are lost. he did not sell at 1200 USD, so he will never sell/move those coins and that is good for the whole system!

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April 18, 2015, 05:15:18 PM
 #7

Wow,this is a surprise to me...
I have always thought that satoshi may have deleted some of his wallet, because he may think that having so many bitcoins may be dangerous for the own bitcoin
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April 18, 2015, 05:16:09 PM
 #8

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

For sure he has a backup. Somewhere...

Probably, but if he died without telling anyone about it, then they may have been deleted or destroyed by whomever gained control of his things.

it could also be that his backup is screwed too, witouth necessarily being deleted

btw the only reason for not deleting a wallet tha you know could not receive any transaction, would be hoping in a chance of collision

Of course there is always the possibility that his wallets were corrupted but  I think he'd have the brains to have several back ups and maybe even write the private keys down somewhere. At least I hope he did.
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April 18, 2015, 05:21:17 PM
 #9

Wow,this is a surprise to me...
I have always thought that satoshi may have deleted some of his wallet, because he may think that having so many bitcoins may be dangerous for the own bitcoin
If he wants to benefit Bitcoin, wouldn't he be giving away all those Bitcoins? IMO, it would be pretty dumb to intentionally delete a wallet. If you want to decrease the Bitcoin in circulation, just keep the private key and not spend your Bitcoins.

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April 18, 2015, 06:26:33 PM
 #10

I'm curious why there are so many Satoshi worship threads. If there were a sub-forum devoted to Satoshi, how much activity would it see?

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April 18, 2015, 07:13:47 PM
 #11

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

For sure he has a backup. Somewhere...

Probably, but if he died without telling anyone about it, then they may have been deleted or destroyed by whomever gained control of his things.

Can I ask you why are you saying that 'satoshi' is/are died? When we are talking always about it, you always said that he/they  is/are died.


I'm curious why there are so many Satoshi worship threads. If there were a sub-forum devoted to Satoshi, how much activity would it see?

Because satoshi is satoshi and people is only curious about him or their.
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April 18, 2015, 10:31:13 PM
 #12

I'm curious why there are so many Satoshi worship threads. If there were a sub-forum devoted to Satoshi, how much activity would it see?

I quite like Satoshi myself, he was truly a visionary, and the cult around him is much healthier than many things mainstream push.

Same here I also like Satoshi if wasn't for him crypto would not be around today then again their was coins before bitcoin I heard of but no doubt BTC lead the way forward for the stepping stone and leader of cryptos. No doubt satoshi is a guest reading among the web somewhere and no doubt has made otehr cryptos or works along side them. Who knows only satoshi knows this and no doubt would well be among everyone and we just don't know it or do we with some of the real strong alts that are popping up or around today. Would be nice if he come back and make some big updates to Bitcoin.

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lucasjkr
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April 18, 2015, 10:35:35 PM
 #13

The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

For sure he has a backup. Somewhere...

I've always thought to myself that it doesn't seem right for him to destroy his wallets or lose access to them. It would be like losing or killing your own baby, though I suppose he could have deleted them because of the power it could bring and maybe he feared becoming corrupted by wealth. Hopefully he's just bitcoin's biggest holder and is waiting for them to go worldwide before he starts to use them hehe.

I love the faith that people have in Bitcoin that if its creator dares spend any of his coins, or even move them, then they expect that the rest of the Bitcoin community will panic and exit Bitcoin. Makes a lot of sense..

I'd think the better reaction would be to rejoice that he's alive and be happy he's finally taking advantage of his invention.
it is the other way around: if he would use an old address with millions of coins, BTC would take a massive hit.  i guess all early mined coins are lost. he did not sell at 1200 USD, so he will never sell/move those coins and that is good for the whole system!
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April 18, 2015, 11:33:24 PM
 #14

Suppose that each wallet holds 100 addresses, each address holds 50 coins, one million coin will give satoshi 200 wallets to backup, not an easy task

Those coins can be used as a cooling tools when bitcoin become a black hole and trying to absorb all the wealth in the world into it

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April 19, 2015, 06:17:55 AM
 #15

So he keep all of his coins, or he made a mistake before, and just told people what he learned  Grin Grin Grin
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April 19, 2015, 07:29:45 AM
 #16

My conspiracy theory.... He misplaced his private key, because he never envisioned Bitcoin becoming this successful.. now he is working on a new technology to recover lost private keys, with much less processing power needed to do it.

Once he has completed that, it would give him access to ALL Bitcoins, and not only his "lost" coins, and he would be able to rule the world. Tongue

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April 19, 2015, 08:23:31 AM
 #17

Wow,this is a surprise to me...
I have always thought that satoshi may have deleted some of his wallet, because he may think that having so many bitcoins may be dangerous for the own bitcoin
Its impossible that Satoshi  just deleted his privkeys: if he wanted to delete this bitcoin forever he could burn it via OP_RETURN. Satoshi surely know about this possibility.

it is the other way around: if he would use an old address with millions of coins, BTC would take a massive hit.  i guess all early mined coins are lost. he did not sell at 1200 USD, so he will never sell/move those coins and that is good for the whole system!

He thought that btc reach 10m$ price. And he cant sell any significant amount at 1.2k$ anyway. So i think he is holding. Why do you think he is greedy? Probably he is high-quality specialist with big salary and he has enough money to live as he want. He could take pleasure from his btc, i mean that nobody, his neighbourhood, kin, friends dont know that he has billions in the pocket its funny from one point of view.

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April 19, 2015, 08:47:32 AM
 #18

Wow,this is a surprise to me...
I have always thought that satoshi may have deleted some of his wallet, because he may think that having so many bitcoins may be dangerous for the own bitcoin
Its impossible that Satoshi  just deleted his privkeys: if he wanted to delete this bitcoin forever he could burn it via OP_RETURN. Satoshi surely know about this possibility.

it is the other way around: if he would use an old address with millions of coins, BTC would take a massive hit.  i guess all early mined coins are lost. he did not sell at 1200 USD, so he will never sell/move those coins and that is good for the whole system!

He thought that btc reach 10m$ price. And he cant sell any significant amount at 1.2k$ anyway. So i think he is holding. Why do you think he is greedy? Probably he is high-quality specialist with big salary and he has enough money to live as he want. He could take pleasure from his btc, i mean that nobody, his neighbourhood, kin, friends dont know that he has billions in the pocket its funny from one point of view.


i think he is not greedy and has deleeted the early wallets because he wants good for the whole bitcoin project. he would hurt his own BTCbaby alot if he would use the old coins.


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April 19, 2015, 12:53:57 PM
 #19

i think he is not greedy and has deleeted the early wallets because he wants good for the whole bitcoin project. he would hurt his own BTCbaby alot if he would use the old coins.

You would think Satoshi would destroy the Bitcoins rather than destroying the private keys. Private keys can be copied, Bitcoins can't, destroying the private keys is a bad way of destroying Bitcoins. Data forensic techniques could be used to recover the deleted private keys, the private keys could have been compromised in the past, or there might be a backup he forgot to destroy, and there are some cases where you cannot guarantee the backup has been destroyed (for example, if you were storing a backup in the cloud). Satoshi knows this so I think if he wanted to destroy the Bitcoin he would do so via some other method rather than deleting the private keys and hoping they are actually deleted.

Also, we actually don't know how much Bitcoin Satoshi has. There are various theories based on various assumptions and pieces of evidence, but nobody has produced anything conclusive. For example,  1,000 Bitcoins mined in 2009 that were once thought to belong to Satoshi didn't belong to him at all and the real owner was tracked down. It's possible that Satoshi may not have as much Bitcoin as we think he/she does.

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April 19, 2015, 01:54:23 PM
 #20

I delete depleted wallets all the time.

Would never be able to track down or prove (as in prove control/ownership of an address) any past transaction.
Might be a good thing or a bad one depending on who you ask.
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