What if ... S. Nakamoto lost all priv. key and can't use "his" btc?

[bitbollo]

As subject...
What if ...
S. Nakamoto lost all priv. key and can't use "his" btc?
(can't sign a message etc etc?!?)
I know it's likewise "impossible" but did you think there is a possibilities about this?
Or even, if this happened, what are the consequences for btc environment?
Thank you to all responders/readers

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[OmegaStarScream]

He made Bitcoin decentralized for a good reason , It won't change anything If he can't sign a message if you ask me . If he comes back and it's actually him .; I'm pretty sure he will find more then one way to proof his identity .
Now if we speak about the bitcoin environment then I guess it's like Satoshi Nakamoto said : "Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone" .

[a7mos]

If satoshi lost his private key that will lead to decrease the nomber of the 21 million bitcoins which are available.
I do not think that something like that will affect the price because these coins are not used

[Amph]

what if he locked them on purpose early, and then he bought another great amount for cheap at the beginning, just to make so that bitcoin can have a great vlaue in the future

everything could be at this point, but i also remember that he said "never delete a wallet" so i suppose it's very hard for him to lose all his coins, he made for sure several backup

the only thing remaining is that he is dead

[Yakamoto]

It is possible that Satoshi Nakamoto lost his private key, however I do not think it will be majorly detrimental to the Bitcoin economy, in fact it would increase overall value of Bitcoin, since there would be increased scarcity for a constant demand.

If I remember he has something like 1-2m BTC from the early mining days, but there isn't much information I've read expanding on what happened to the coins after that. For all we know they still exist, or they may have been lost.

Overall, I highly doubt that Nakamoto has lost any of his keys or accounts, but it is possible.

[pogress]

What if ...
S. Nakamoto lost all priv. key and can't use "him" btc?
(can't sign a message etc etc?!?)
I know it's likewise "impossible" but did you think there is a possibilities about this?

Losing access to the coins is definitive possible. Obvious ways are no backup of the wallet or death of the person with no others knowing strong passphrase. Even if you make backup, shit can happen and you can lose this backup as well...

[BTCBinary]

Well if Nakamoto lost his keys, a lot of BTC would vanish from the actual total number of coins. That would mean that BTC would become even more valueble.

[LiteCoinGuy]

iam trapped in a time loop

[cellard]

This would be good because a single person wouldn't be anymore in possession of an huge amount of BTCs, which as far as im concerned he had around 1 million coins which is huge. Of course, this could also backfire and what you thought t was good it was bad, because an huge fiat wallet could become the biggest whale, and if I want to have a whale in Bitcoin then it's satoshi, which im sure he would be on our favor.

[ATguy]

Or even, if this happened, what are the consequences for btc environment?
Thank you to all responders/readers

I dont think it can be proved Satoshi coins are really lost, so as long as noone spending a lot of early coins (first month or so), we can assume Satoshi either lost the coins or he does not want to spend these coins.

There is a way to prove the coins are lost by sending them to obvious unspendable address, but there is no reason to do it.

[virtualx]

As subject...
What if ...
S. Nakamoto lost all priv. key and can't use "him" btc?
(can't sign a message etc etc?!?)
I know it's likewise "impossible" but did you think there is a possibilities about this?
Or even, if this happened, what are the consequences for btc environment?
Thank you to all responders/readers

If he does not have access to his private keys, bitcoin is more scarce and would be more valuable. Bitcoins do not depend on one user (Satoshi), the system is decentralized. All transactions occur without a third party middleman (except those who use a company to host their wallet). Satoshi still had his key last year (he kept them since 2011 or earlier), so I think it is very unlikely that he lost them.  

[jonald_fyookball]

As subject...
What if ...
S. Nakamoto lost all priv. key and can't use "him" btc?
(can't sign a message etc etc?!?)
I know it's likewise "impossible" but did you think there is a possibilities about this?
Or even, if this happened, what are the consequences for btc environment?
Thank you to all responders/readers

He probably wont sign a message anyway.

So, business as usual.

Dumb thread.

[Patejl]

What happens if he has already lost them and is crying somewhere? Stupid satoshi threads make me wonder why there isn't a "Satopeculation" board already.

[spazzdla]

This has been discussed before.. many times.. Most believe Satoshi destroyed the coins.  He seems to be a support of Humanity thus we will never hear from satoshi again.  His word is to powerful, it is best to let satoshi be a legend and accept who ever tries to claim they are him are lying even if they are not.

Satoshi has done all he can for bitcoin the best thing he could do is never pop up again as it seems is his plan.

[bitbollo]

As subject...
What if ...
S. Nakamoto lost all priv. key and can't use "him" btc?
(can't sign a message etc etc?!?)
I know it's likewise "impossible" but did you think there is a possibilities about this?
Or even, if this happened, what are the consequences for btc environment?
Thank you to all responders/readers

If he does not have access to his private keys, bitcoin is more scarce and would be more valuable. Bitcoins do not depend on one user (Satoshi), the system is decentralized. All transactions occur without a third party middleman (except those who use a company to host their wallet). Satoshi still had his key last year (he kept them since 2011 or earlier), so I think it is very unlikely that he lost them.  

In every case, also if it real or not this "what if",

how we could know?

Actually seems that this btc are "freeze".
Probably due the big echo of btc he know that every movement of every wallet can create more interest to identify who is "s.nakamoto"-
Therefore there is the possibility that these "first coins" will remain there, to avoid the interest to identify who is.

" Satoshi still had his key last year (he kept them since 2011 or earlier), so I think it is very unlikely that he lost them.  "

Some one has never seen a backup?

[PolarPoint]

I think the community has accepted that Satoshi will never use his coins. He literally has millions of them. If any of those were moved, it would send shockwaves to the markets. It would be better if he indeed has lost his keys.

[bitbollo]

As subject...
What if ...
S. Nakamoto lost all priv. key and can't use "him" btc?
(can't sign a message etc etc?!?)
I know it's likewise "impossible" but did you think there is a possibilities about this?
Or even, if this happened, what are the consequences for btc environment?
Thank you to all responders/readers

He probably wont sign a message anyway.

So, business as usual.

Dumb thread.

It's not about a simply signature. But generally why these coin are there?
Some one told that "he" have "millions" of dollars in btc equiv.
I try to understand with other members why this btc are there and some info about the private key.

I think discussion about these coin are important and not dumb.

I am sorry but, meanwhile I have a senior membership in this forum I don't have read ALL discussion about s. nakamoto.

[ivanst776]

He will try to destroy the network and then bring it back at the beginning and generate the new private key, this is just imagination i don't know what will happen.

[bob123]

I dont think he would ever lose those private keys
But in case he did.. well.. he kinda deleted "some" coins and made all other coins be worth more.

[franky1]

I dont think he would ever lose those private keys
But in case he did.. well.. he kinda deleted "some" coins and made all other coins be worth more.

you do know that in the first year 2009-2010. bitcoinqt was very buggy and the coins were worthless so most days he would compile new versions to test out and require deleting wallets to test out new ways of storing keys. so its obvious that he doesnt have access to all the keys..