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Author Topic: Do you think Satoshi got rid of his private keys?  (Read 489 times)
EarnOnVictor
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January 25, 2024, 06:06:13 AM
 #61

There are three possibilities:

1. He still has the private keys.
2. He does not have them or cannot access them (this includes his death without leaving them in inheritance).
3. He got rid of them on purpose, as a donation to the rest of Bitcoin holders. Recall his "lost Bitcoin is a donation."
The money involved is huge and Satoshi can do and undo at any time he is ready. I hope such a name Satoshi is not a person, you will be seeing dramas over time, but it will take time, and certainly not soon, so we should just forget it for now. Of course, if Satoshi is rich already, there will be not much need to liquidate his Bitcoin as he is not hungry, he might have the plan to deal with it later, but it might be after some decades.

Do you even know if he/they have willed it out to his/their children just like it is in the stock market? Bitcoin is still young and Satoshi in his wisdom will always be moving away from anything that will cause controversy or affect it. Nonetheless, judging by his preplanned mechanism for Bitcoin, he can't be so daft to lose his private key, he would be smarter than that. I believe he has other future plans for his coins, so watchout even as the world appreciates Bitcoin more.

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hemsirta
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January 25, 2024, 06:12:24 AM
 #62

I think no, Satoshi Nakamoto does not get rid of his keys.  I chose 1, since I know it is the basic knowledge to keep our private key safe, and Satoshi being the developer knows the importance of it the most.  I don't think Satoshi will wipe out his storage together with his private key just to show or say something.  No one will ever waste and delete the fruit of his creation unless Satoshi is scheming something
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January 25, 2024, 01:58:57 PM
 #63

I would think he destroys them and everything related to bitcoin on his PC. At the time of his vanishing BTC was valued at somewhere between 100-900.  It was his only way to remain anonymous, and his gift to the world.  People and privacy over profits.  What's strange with the timelines of events is the block with 180 billion btcs which was believed to be an attack.  However, within about two years of this DOGE is launched and the supply is 100 Bill.  I think Satoshi created Doge as well.  BTC
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January 25, 2024, 02:04:53 PM
 #64

I would guess he is either dead or just never bothered storing his keys and was just mining in order to start and participate in his project, or both.
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