Satoshi probably started a new coin.

[Skybuck]

I wanted to post this before... but I forgot my password, and password reset wasn't working lol... maybe because of forum hack... but anyway.. now it's working again and I am glad I can post again...

Cause I did want to share my thought with you on this... perhaps this theory/hypothesis has already been discussed exactly like this or perhaps not but here goes:

So I think I know who Satoshi might be, all I have to do is think "What would I do if I were him ?" since I am a developer too, so I can think a little bit like him, the story probably goes as follows:

1. Satoshi lost his keys during development... while bitcoin was still worthless.

2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.

So the next logical thing for him to do is:

3. Start a new coin... and mine it early to get rich once again ! LOL.

PROBLEM SOLVED ! LOL.

And indeed... Satoshi did seem to leave bitcoin....

So the question is which new/alternate coin is he now in ?

Maybe litecoin... or maybe a coin in the future ! =D

Bye,
  Skytoshi ! =D

[Lauda]

If he is as smart as people claim to be:
1) Wouldn't ever happen (he claimed himself that people should never delete wallets)
2) Gets countered by point 1)
3) That's not a logical thing at all.

If he really is as smart as people think, he would never touch an altcoin.

[NorrisK]

I don't beleive in this theory.. Maybe he got involved in some altcoin somehow under a different synonym, but I don't think he would start one to get rich..

Also I don't think he would lose the keys to ALL of his wallets now would he?

[Kprawn]

If that was true, the other developers would have picked up on it already. They studied his style of coding and even labeled it as being "messy" For this reason, about 80% {not sure of this %} of his original coding in the protocol was replaced/re-coded.

If he started a new coin, it would have been up there with the best of them, and it would be very unique not a copy cat version of the Bitcoin protocol.

I just think he got sick of the internal politics and scared when Gavin approached the 3 letter Agencies. He made a good dicision, because a central figure head, would have been chopped off quickly, if the governments and the banks knew his identity.  

[sgk]

Too many LOLs in your post, but anyway....

1. Satoshi lost his keys during development... while bitcoin was still worthless.
2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.
3. Start a new coin... and mine it early to get rich once again ! LOL.

1. Satoshi was smart and intelligent enough to invent Bitcoin. Surely he can handle wallet backups and secure his private keys? This is a no-brainer.
2. Point doesn't stand because point 1 doesn't stand.
3. Bytecoin?   Remember the bug that created 184 Billion Bitcoins? Now Bytecoin has 184 Billion total coin supply. Probably Satoshi wanted to give a subtle sign that he was working on Bytecoin now? /JOKE

[monsanto]

So the question is which new/alternate coin is he now in ?

I had a hunch about this once...

In 2010, Satoshi said he was "venturing into more complex ideas"

It's funny to think that Satoshi is probably working on some altcoin/bitcoin 2.0 project right now, but I think it's true.

[buysellbitcoin]

2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.

So if bitcoin not worth anything to him anymore, why he will bother with mining.

Anyway, you have got enough ammo for awesome weekend, go and write the latest "Satoshi - My experiments with alt coins and Bitcointalk ALT section" It would be instant hit for sure.

Thanks for luls

Regards

[e1ghtSpace]

Some people were thinking he might be the Spreadcoin dev. The funny thing is, the Spreadcoin dev, (Mr. Spread) actually lost his private keys to 80k of Spreadcoin. Then he got donations and kept developing. Then he suddenly left. Just like Satoshi! (sort of)

[WhatTheGox]

I wanted to post this before... but I forgot my password, and password reset wasn't working lol... maybe because of forum hack... but anyway.. now it's working again and I am glad I can post again...

Cause I did want to share my thought with you on this... perhaps this theory/hypothesis has already been discussed exactly like this or perhaps not but here goes:

So I think I know who Satoshi might be, all I have to do is think "What would I do if I were him ?" since I am a developer too, so I can think a little bit like him, the story probably goes as follows:

1. Satoshi lost his keys during development... while bitcoin was still worthless.

2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.

So the next logical thing for him to do is:

3. Start a new coin... and mine it early to get rich once again ! LOL.

PROBLEM SOLVED ! LOL.

And indeed... Satoshi did seem to leave bitcoin....

So the question is which new/alternate coin is he now in ?

Maybe litecoin... or maybe a coin in the future ! =D

Bye,
  Skytoshi ! =D

Litecoin or namecoin are the first 2 other alts right, litecoin would make him Charles Lee wouldnt it?

[ausbit]

So if bitcoin not worth anything to him anymore, why he will bother with mining.


Regards

You could ask all the miners who started in 2010-2011 , bitcoin was worth next to nothing back then, most were just fasinatation with the technolpgy and .

[LiteCoinGuy]

i guess he started Litecoin after Bitcoin    ...then Satoshi would be.... Cha...

[Testing Crypto]

Too many LOLs in your post, but anyway....

1. Satoshi lost his keys during development... while bitcoin was still worthless.
2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.
3. Start a new coin... and mine it early to get rich once again ! LOL.

1. Satoshi was smart and intelligent enough to invent Bitcoin. Surely he can handle wallet backups and secure his private keys? This is a no-brainer.
2. Point doesn't stand because point 1 doesn't stand.
3. Bytecoin?  Remember the bug that created 184 Billion Bitcoins? Now Bytecoin has 184 Billion total coin supply. Probably Satoshi wanted to give a subtle sign that he was working on Bytecoin now? /JOKE

Wonder how many will look into this hint of bytecoin (you never know about them jokes, sometimes they have meaning to them), not many people can see past all the 1000's of alternative's over the years (most of the originals have a set purpose though, scrypt & many other algorithms)? Depending on how much time one spends on learning this new world of crypto (knowledge is key), seeing the world is not just Windows & Mac/Apple anymore. We now have 100's of Operating Systems, several web browsers, millions of applications & many more things that I could go into detail on... I'm just an uneducated nobody though (Autodidacticism), took over a year (16+ hours a day, 7 days a week of just doing research) in crypto to actually see that it will change the world (look past all the bad news, you'll see more good things it can change)...

// 8 bits = 1 byte ~ pixels

https://web.stanford.edu/class/cs101/bits-bytes.html

First PC ever build piece by piece (over 10 years ago), bought the spare parts from Bits&Bytes

[buysellbitcoin]

So if bitcoin not worth anything to him anymore, why he will bother with mining.

Regards

You could ask all the miners who started in 2010-2011 , bitcoin was worth next to nothing back then, most were just fasinatation with the technolpgy and .

I meant to say that, mining difficulty should not come into picture as he said bitcoin was not worth anything.

Regards

[Amph]

If he is as smart as people claim to be:
1) Wouldn't ever happen (he claimed himself that people should never delete wallets)
2) Gets countered by point 1)
3) That's not a logical thing at all.

If he really is as smart as people think, he would never touch an altcoin.

1) maybe it was an accident, we are all human after all, satoshi wasn't a god, it can happen
2) this will only reinforces the first point
3) i don't think he is talking about an altcoin, most likely completely different than bitcoin, not based on blockchain or something, otherwise it would be stupid for him to build a pure clone...

[cryptojumper]

I wanted to post this before... but I forgot my password, and password reset wasn't working lol... maybe because of forum hack... but anyway.. now it's working again and I am glad I can post again...

Cause I did want to share my thought with you on this... perhaps this theory/hypothesis has already been discussed exactly like this or perhaps not but here goes:

So I think I know who Satoshi might be, all I have to do is think "What would I do if I were him ?" since I am a developer too, so I can think a little bit like him, the story probably goes as follows:

1. Satoshi lost his keys during development... while bitcoin was still worthless.

2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.

So the next logical thing for him to do is:

3. Start a new coin... and mine it early to get rich once again ! LOL.

PROBLEM SOLVED ! LOL.

And indeed... Satoshi did seem to leave bitcoin....

So the question is which new/alternate coin is he now in ?

Maybe litecoin... or maybe a coin in the future ! =D

Bye,
  Skytoshi ! =D

Absolutely unbelievable scenario.. Even is Satoshi lost some private keys, even without them, he would have been one of the first and the richest in bitcoin because of jumping in so early. Why would he betray his own creation for some shitty alt?
And remember there was no PayCon alternative those days, so not even that was an option

[Lauda]

1) maybe it was an accident, we are all human after all, satoshi wasn't a god, it can happen
2) this will only reinforces the first point
3) i don't think he is talking about aan altcoin, most likely completely different than bitcoin, not based on blockchain or something, otherwise it would be stupid for him to build a pure clone...

1
1) No. Satoshi has so many addresses which most likely extend over several wallets. Losing 1 or two is acceptable, losing all of them isn't.
Besides, who does not have a backup of their encrypted wallet somewhere?
2)
3) Satoshi claimed that he is moving onto different projects when he contacted Gavin the last time. This is only natural.
However, I doubt that he is sticking around and wasting his time on some altcoin.

[UsernameBitcoin]

I think Satoshi is behind Namecoin.

Hints:
- Namecoin's founder (Vincent Durham) is also an unknown person/pseudonym. Similar 'strategy' as for Bitcoin.
- Namecoin is the first fork of the Bitcoin software, (one of the) first alt coin
- Satoshi Nakamoto was in a discussion about a hypothetical system called BitDNS here on this forum in 2010
- Namecoin includes ideas/features that seem to be relevant for Satoshi according to his posts

I also wouldn't be surprised if Satoshi is also involved in Qora (will post another time why I think so).

[tokeweed]

I wanted to post this before... but I forgot my password, and password reset wasn't working lol... maybe because of forum hack... but anyway.. now it's working again and I am glad I can post again...

Cause I did want to share my thought with you on this... perhaps this theory/hypothesis has already been discussed exactly like this or perhaps not but here goes:

So I think I know who Satoshi might be, all I have to do is think "What would I do if I were him ?" since I am a developer too, so I can think a little bit like him, the story probably goes as follows:

1. Satoshi lost his keys during development... while bitcoin was still worthless.

2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.

So the next logical thing for him to do is:

3. Start a new coin... and mine it early to get rich once again ! LOL.

PROBLEM SOLVED ! LOL.

And indeed... Satoshi did seem to leave bitcoin....

So the question is which new/alternate coin is he now in ?

Maybe litecoin... or maybe a coin in the future ! =D

Bye,
  Skytoshi ! =D

Yes he started NakamotoDark.

[Kakmakr]

1) maybe it was an accident, we are all human after all, satoshi wasn't a god, it can happen
2) this will only reinforces the first point
3) i don't think he is talking about aan altcoin, most likely completely different than bitcoin, not based on blockchain or something, otherwise it would be stupid for him to build a pure clone...

1
1) No. Satoshi has so many addresses which most likely extend over several wallets. Losing 1 or two is acceptable, losing all of them isn't.
Besides, who does not have a backup of their encrypted wallet somewhere?
2)
3) Satoshi claimed that he is moving onto different projects when he contacted Gavin the last time. This is only natural.
However, I doubt that he is sticking around and wasting his time on some altcoin.

1) Yes I agree (It was pulled for a reason)
2)  
3) Do you think these other projects would have anything to do with Crypto currencies? Did Gavin post proof of this or was that just something he said? I have read most of his postings on this forum, and I did not get a negative vibe from it.
Something about this, make the hair at the back of my head go all prickly. hmf  

[Amph]

1) maybe it was an accident, we are all human after all, satoshi wasn't a god, it can happen
2) this will only reinforces the first point
3) i don't think he is talking about aan altcoin, most likely completely different than bitcoin, not based on blockchain or something, otherwise it would be stupid for him to build a pure clone...

1
1) No. Satoshi has so many addresses which most likely extend over several wallets. Losing 1 or two is acceptable, losing all of them isn't.
Besides, who does not have a backup of their encrypted wallet somewhere?
2)
3) Satoshi claimed that he is moving onto different projects when he contacted Gavin the last time. This is only natural.
However, I doubt that he is sticking around and wasting his time on some altcoin.

1) losing does not mean only distractedly, but also because of some thief, no amount of backup will save you at that time

and not only cybernetic thief but also real life thief, many thing could happen that could steal your treasure