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Author Topic: Maybe Satoshi created the greatest prize competition  (Read 615 times)
globaltreasure
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June 04, 2019, 01:22:38 PM
Merited by OgNasty (1)
 #1

Maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain.
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June 04, 2019, 03:09:52 PM
Merited by OgNasty (1)
 #2

in 2010 they were talking about lost coins and satoshi said

Quote
Think of it as a donation to everyone.
https://bitcointalk.org/index.php?topic=198.0
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June 04, 2019, 03:55:54 PM
 #3

Quote from Acidyo  https://bitcointalk.org/index.php?topic=109.0  Re: Saying hello, and have a few questions
Quote
Quote from: seriouscoin on February 14, 2014, 11:19:27 AM
Quote
Quote from: Acidyo on February 14, 2014, 11:15:30 AM
Quote
Quote from: seriouscoin on February 14, 2014, 11:13:17 AM
Quote
Quote from: Acidyo on February 14, 2014, 11:11:20 AM
Quote
It's kind of funny to read these old posts and see how people threw bitcoins at eachother. lol Smiley

If you google OP's address there are several addresses with 100btc that have remained untouched since 2011.

most likely lost

Ouch. This was like one of the first old posts address I followed and already so much btc lost. I wonder how much of the 12 mil that are out there now are still in circulation and accessible.

As Satoshi said it himself..... lost coins are like donated coins..... to EVERYONE. So i dont mind lost coins at all.... i wish half of that 12 millions are lost.... Cheesy


Imagine in the future if btc would hit 100.000$, people are gonna start teaming up to hunt these lost address down and try to access them.

Actually, why haven't they already started?
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June 04, 2019, 04:56:40 PM
 #4

Quote from Acidyo  https://bitcointalk.org/index.php?topic=109.0  Re: Saying hello, and have a few questions
Quote
Quote from: seriouscoin on February 14, 2014, 11:19:27 AM
Quote
Quote from: Acidyo on February 14, 2014, 11:15:30 AM
Quote
Quote from: seriouscoin on February 14, 2014, 11:13:17 AM
Quote
Quote from: Acidyo on February 14, 2014, 11:11:20 AM
Quote
It's kind of funny to read these old posts and see how people threw bitcoins at eachother. lol Smiley

If you google OP's address there are several addresses with 100btc that have remained untouched since 2011.

most likely lost

Ouch. This was like one of the first old posts address I followed and already so much btc lost. I wonder how much of the 12 mil that are out there now are still in circulation and accessible.

As Satoshi said it himself..... lost coins are like donated coins..... to EVERYONE. So i dont mind lost coins at all.... i wish half of that 12 millions are lost.... Cheesy


Imagine in the future if btc would hit 100.000$, people are gonna start teaming up to hunt these lost address down and try to access them.

Actually, why haven't they already started?

They already do.

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June 04, 2019, 04:57:48 PM
 #5

Maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain.

This is some ready player one shit, but I don`t think so, Although if I was Satoshi those funds would go to projects like blockstream and creating a self sustaining society that does not suck ass.
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June 05, 2019, 01:55:27 AM
 #6

I think he did. I'm sure that Satoshi has been through a lot of trial and error proceedure and testings. I have no doubt that he has creating things like the greatest prize competition. We all know that Satoshi has been successful will Bitcoin through several trial and error.

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June 05, 2019, 02:23:21 PM
 #7

But there is a difference between addresses with no owners (lost coins) and active addresses with owners (don't generate privatekeys for this).

https://bitcointalk.org/index.php?topic=198.0
Quote
Quote from: laszlo on June 21, 2010, 01:54:29 PM
.. it would make more sense to try to recover keys for lost coins or steal other people's coins instead?  ..  Maybe Satoshi can address this..
Quote
Quote from: satoshi on June 21, 2010, 05:48:26 PM
.. Someone with lots of compute power could make more money by generating than by trying to steal.



Addresses with no owners of privatekeys: shalecoin https://bitcointalk.org/index.php?topic=5134441.0
I think it's fair to say that Bitcoin as it exists today is not quantum secure, period.
Pieter Wuille https://twitter.com/jb55/status/1133533068197675010


1. The first owners of possible computers with the ability to 'frack' the privatekey will use these computers only for shalecoins. (Coins with no holder)
2. Bitcoin will get an update. (QC secure)
3. In the meantime all owners can transact their coins to these new addresses.
4. Then there will be other QC owners who will 'frack' all remaining coins.

- As mentioned before -
Definition of "shalecoin":
Coins with no access to the address. (Nobody has the privatekey)
If that address is a coinbase address: 1 year after mining
Other addresses: 10 years after last output transaction (If there is no output transaction then 10 years after first input transaction)

Longterm holders of coins should transfer their coins to a new address within 10 years, so they wouldn't become shalecoins. All other coins with no access to the address can't be transacted to a new address and will become shalecoins after 10 years / or after 1 year if it's a coinbase address. Owners of possible computers with the ability to "hash" the privatekey would use these computers only for shalecoins. (Coins with no holder)
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June 05, 2019, 02:47:57 PM
 #8

Yes there is a difference from "lost coins" i mean people who lose access to their coins, pc crash and no backup, forget and throw away there pc, and yes Satoshi i think create a prize competition but i don't think private keys can be found from blockchain.
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June 05, 2019, 02:50:22 PM
 #9

Maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain.

And you're joining another contest which meaningless thread on this forum! What is your point with this thread? Yes, let's assume he created a contest. Well, what is your point?
You don't ask any question, don't share any information and don't do anything just wrote some words with no meaning!
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June 05, 2019, 03:07:01 PM
 #10

Yes there is a difference from "lost coins" i mean people who lose access to their coins, pc crash and no backup, forget and throw away there pc, and yes Satoshi i think create a prize competition but i don't think private keys can be found from blockchain.

Only Satoshi can tell. But 'fracking' this shalecoins https://bitcointalk.org/index.php?topic=5134441.0 Bitcoin will get a boost.
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June 05, 2019, 05:41:04 PM
 #11

No one knows exactly why Satoshi kept those coins stuck on that address but there's surely a reason for that. It could be because he wanted people to try and find the mistery behind this or it could be because he just wanted to let the funds there forever so that everyone will remember that address as Satoshi's address. Or maybe Satoshi is already a very rich person and his waiting until bitcoin price gets to $100k in order for him to become one of the richest person in the world.
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June 05, 2019, 06:34:35 PM
 #12

in 2010 they were talking about lost coins and satoshi said

Quote
Think of it as a donation to everyone.
https://bitcointalk.org/index.php?topic=198.0

If you delete a part of the sentence, it is causing another thing. In reality, he said this: "Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone."

So in reality, lost coins mean less circulating supply, because total market cap would be the same, that means more value to all btc holders which means a donation to everyone. Not a prize competition or something like that.
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June 05, 2019, 08:55:27 PM
 #13

The greatest prize will go to the people who can hoard the longest and who can resist to sell, when other traders around him, starts to run into walls and cry out loud like men on drugs.  Roll Eyes

We have surfed Bitcoin volatility like Kings and we had 800% profits during 2017 and all of that came as a result of ignoring fud and panic stages in the Bitcoin cycle.

Make sure you read and monitor the flow of the market to execute a perfect strike and you will win the grand prize.  Cool

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June 05, 2019, 09:00:59 PM
 #14

He is or was the greatest cryptographer to ever exist to be able to create the thing such as the blockchain which has stood the test of 10 years of attacks and people trying to break the chains. Wink
I think he would of put something in there and a way to unlock the prize at the end of the journey for the right person.

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June 05, 2019, 09:08:36 PM
 #15

Maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain.

We don't know unless people that are now doing that can prove that it can be done.

in 2010 they were talking about lost coins and satoshi said

Quote
Think of it as a donation to everyone.
https://bitcointalk.org/index.php?topic=198.0

I don't think he meant it like that. Remember that the price of Bitcoin follows the law of demand and supply? When the supply is smaller while the demand is high, that means it will be having a good price and I think that is what he said back then.

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June 05, 2019, 10:13:22 PM
 #16

in 2010 they were talking about lost coins and satoshi said
Quote
Think of it as a donation to everyone.
The real meaning behind it would be that the lost coins will reduce the total number of coins available in the market and with very less coins in the market the demand increases and thereby the price, it is during the initial phase when it has no valuation and even Satoshi might not have expected the market to reach a billion valuation in a very short period of time and if he had those ideas i am sure the genesis coins will not be stuck like that. Wink


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June 06, 2019, 05:18:52 AM
 #17

We're all just players like in "Ready Player One" all along.
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June 06, 2019, 02:01:06 PM
 #18

in 2010 they were talking about lost coins and satoshi said
Quote
Think of it as a donation to everyone.
The real meaning behind it would be that the lost coins will reduce the total number of coins available in the market and with very less coins in the market the demand increases and thereby the price, it is during the initial phase when it has no valuation and even Satoshi might not have expected the market to reach a billion valuation in a very short period of time and if he had those ideas i am sure the genesis coins will not be stuck like that. Wink

Satoshi thought quantum will never exist?

Quote
I think it's fair to say that Bitcoin as it exists today is not quantum secure, period.
Pieter Wuille https://twitter.com/jb55/status/1133533068197675010
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June 21, 2019, 04:00:04 PM
 #19

Satoshi Nakamoto Apparent Author of Two Upcoming Books on Amazon
https://bitcointalk.org/index.php?topic=5156928.0

As a special bonus, the book also includes intriguing clues about a cache of priceless Bitcoin treasure which Nakamoto is rumored to have "buried" online.
https://www.booksamillion.com/p/Official-Bitcoin-Coloring-Book/Satoshi-Nakamoto/9781945652011
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June 21, 2019, 08:44:50 PM
 #20

He may have kept those coin for his future generations and children unborn and the only people that may have the privatekeys maybe member of his immediate family. It is also very clear that no one has break into those wallets and that is a sign of his supremacy over those that researching on blockchain technology.
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