What If Satoshi Actually Lost His Private Keys

[Devawnm367]

I am not saying that I believe his story what so ever. Lets say Satoshi Nakamoto DID really lose his keys due to a freakish accident. Would there be any way he could actually prove himself.

If Satoshi was to log into the Satoshi Account on this forumn and say I lost all of my Bitcoin keys, would anyone believe him?

Would a post here be enough proof?

If THE Satoshi logged in after almost 10 years of being Non Active and said word for word what the Newest Satoshi Scammer is saying but said it on this forumn would the community believe him, or would everyone just think his founder account had been compromised? I am curiouse on everyones thoughts on the subject. If from a previouse satoshi acct he said the same thing. I feel I would kind of trust him...

[1714652709]

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[1714652709]

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[Stickycoin1]

Nope, I don't believe there is, and that's why this is going to be an ominous situation for eternity.

[ralle14]

Satoshi can't log in to his forum account, afaik theymos is the only one who have access to satoshi's account. Also signing messages from a bitcoin address is not the only way for him to prove he's the real Satoshi.

If his account becomes active and starts posting I believe it's him since he's given enough proof to theymos.

His account is locked, so no. If he wants to claim his account, he'll have to contact me with a PGP signature.

[Gi01]

Satoshi can't log in to his forum account, afaik theymos is the only one who have access to satoshi's account. Also signing messages from a bitcoin address is not the only way for him to prove he's the real Satoshi.

If I may ask, why can't satoshi log into his forum account?. Please I will be very happy if you share your reasons behind why you think he can't log in to his forum account if he decides to access the account again...

[Devawnm367]

Satoshi can't log in to his forum account, afaik theymos is the only one who have access to satoshi's account. Also signing messages from a bitcoin address is not the only way for him to prove he's the real Satoshi.

If I may ask, why can't satoshi log into his forum account?. Please I will be very happy if you share your reasons behind why you think he can't log in to his forum account if he decides to access the account again...

Satoshi can't log in to his forum account, afaik theymos is the only one who have access to satoshi's account. Also signing messages from a bitcoin address is not the only way for him to prove he's the real Satoshi.

If his account becomes active and starts posting I believe it's him since he's given enough proof to theymos.

His account is locked, so no. If he wants to claim his account, he'll have to contact me with a PGP signature.

That seems like reason enough for why Satoshi could not log into his account via this forumn. However I did not know that it was locked. That was definetly a smart call on Theymos part. Anyone could hack the Satoshi Account. And posting their new shitcoins (The Tabu Rosa) Lmao Good work Theymos!!! Also good looking out!

[Saltius]

Then the creator of Bitcoin can't prove himself anymore.But this is trivial.

The bigger problem is those coins locked in p2pk addresses can never be sent to safer(QC resistent) addresses by their owner.

[ralle14]

If I may ask, why can't satoshi log into his forum account?. Please I will be very happy if you share your reasons behind why you think he can't log in to his forum account if he decides to access the account again...

The reason why he can't access it and theymos secured the account because it's going to get hacked. There's a time where the forum's information was leaked and someone was selling it in a marketplace. This was announced before and theymos advised everyone to change their passwords if they haven't changed it during 2013.

Here's a good thread about the hacks that happened here before.

[Mpamaegbu]

To be honest, I don't think the real Satoshi would want to reveal his identity. He didn't reveal it when Bitcoin value was next to nothing. What makes you think he will now that people know what his worth is? If he does reveal himself, he will be dead before long. People see him walk pass and imagine a money bag walking. 1,000,000 units of Bitcoin at current price is no joke. That kind of imagination will surely expose his life to danger. Again, whether the PK to the 1million btc is lost or not there is never ever going to be the 21million total supply in circulation. Some holders have also lost access to their PK too.

[pooya87]

Again, whether the PK to the 1million btc is lost or not there is never ever going to be the 21million total supply in circulation.

it is not a singular private key to be lost containing 1 million bitcoin!!!
1 million is the exaggeration of a guess that started a couple of years ago. basically people start by guessing that Satoshi was the only one mining bitcoin for M number of months then they count the number of blocks (B) mined in that period and also the block rewards (R=50) and multiply these 3 (M*B*R) and come up with a number. which means there are somewhere around B number of keys to different addresses.

[benjamin07]

With all due respect but even the most trust-worthy person should not be trusted in a trust-less system.

By definition, the trust-worthy person is a person and therefore fallible and consequently cannot be trusted.

[mrvuit]

If I may ask, why can't satoshi log into his forum account?. Please I will be very happy if you share your reasons behind why you think he can't log in to his forum account if he decides to access the account again...

The reason why he can't access it and theymos secured the account because it's going to get hacked. There's a time where the forum's information was leaked and someone was selling it in a marketplace. This was announced before and theymos advised everyone to change their passwords if they haven't changed it during 2013.

Here's a good thread about the hacks that happened here before.

It is possible that his account has been hacked, but that is not a problem that prevents him from logging in (the executives can reissue the account).
The reason he doesn't log in is that he just doesn't want to, I think so.

[Devawnm367]

If I may ask, why can't satoshi log into his forum account?. Please I will be very happy if you share your reasons behind why you think he can't log in to his forum account if he decides to access the account again...

The reason why he can't access it and theymos secured the account because it's going to get hacked. There's a time where the forum's information was leaked and someone was selling it in a marketplace. This was announced before and theymos advised everyone to change their passwords if they haven't changed it during 2013.

Here's a good thread about the hacks that happened here before.

I appreciate that link btw. I went in and changed my password it should take atleast a couple of thousand years to guess it now!!!

Judging from my math, it is about time for another breach!  That and all the new altcoins I have been mining there is no telling what info got out!

Luckily I used a different device for different reasons!!!

Thanks again!  It was a great read!

[elda34b]

I agree with the opinion that Satoshi is probably not going to reveal his identity or touch his old Bitcoin that was known to the public (if it existed). IIRC he said he's working on a new project and after that, he went awol.

If we see him again, it's probably when he announced or publish his latest work with a new pseudonym. He might already online now, but he's hiding perfectly so nobody knows.

[GeoRW]

It's very possible he lost the keys as those bitcoins were not moved for some time. Or he might be dead.

[Kakmakr]

The proof required to show that you are the real Satoshi Nakamoto is not with Satoshi's user account on Bitcointalk.org.    Satoshi can only prove that he/she or they are Satoshi Nakamoto, if he/she or they signs one of the early Bitcoin addresses that were known to be mined by Satoshi Nakamoto.

Nobody has ever signed one of those early Bitcoin addresses and many people are saying that he/she or they lost the private keys for those Bitcoin addresses.    The likelihood of Satoshi Nakamoto losing those private keys are very high, considering it's value and that he/she or they have not touched a single coin, since it was mined. 

[Lucius]

The likelihood of Satoshi Nakamoto losing those private keys are very high, considering it's value and that he/she or they have not touched a single coin, since it was mined. 

I personally believe that a brilliant mind as it was Satoshi Nakamoto did not lose his private keys, he knew their significance before anyone else could even comprehend it. Fact that coins are not moved to this day tell us two possible things, Satoshi intention was never to enrich himself with his invention or he is just dead.

There is no reason for pointless debates what really happened to Satoshi or why his coins are not moving all this years. Simply because they are unavailable, those coins give more value to coins in today circulation.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

[boris2470]

I think that if Satoshi wants to tell us something, he will easily find a way to do this.

[sandra_x]

The only sure proof of ownership of the Satoshi bitcoin is the private keys, While it is unlikely that someone other than himself accesses his bitcoi ntalk account, it is not an impossible task to accomplish compared to hacking the private keys.

[Linkkoin]

We should be as well aware that if there will be a movement of Satoshi's BTC, it will be tracked by everyone and could have disastrous effect.
Why? If these BTC would be moved then:

1. There will be possibly a panic on the market (is Satoshi selling own BTC or planning to do so soon? Does it mean that Satoshi lost own trust in Bitcoin?)
2. OTC transaction could mean kidnapping Satoshi/seller acting on behalf of Satoshi for ransom. Of course there could be OTC transaction to some whales which are huge financial institutions, but this would go against the idea behind Bitcoin
3. Selling on most of the exchanges/markets require KYC. Even if there will be someone with power of attorney to act on behalf of Satoshi, Satoshi's identity must be revealed. Then there will be a hacker hunt for the KYC of that exchange. Even if he would give BTC to someone close, then the KYC hunt would as well take place and as such, and selling such BTC would mean real danger for owner of Satoshi's BTC.
4. FATF recommendations of this year (to be implemented within 12 months), are as well a threat to Satoshi - one of them is a  requirement of the sending wallet owner KYC verification.

So then moving these BTC is way too dangerous, and will become even more - just to say 1 000 000 BTC value is ~10 700 900 900 USD, and it is more than enough to become a target for a variety of thugs/hackers.

[DoublerHunter]

There are a few reasons why Satoshi not revealing his self back again on the internet and claiming that he is the real founder of Bitcoin. First, prone to hackers, --a lot of Bitcoin that Satoshi had may put or his life in risk if someone knows that his back again. Secondly, is for what reason that he revealing his self after hiding for how many years, so I think his plan is to remain anonymously. Nevertheless, I will believe if he could sign a message on the first bitcoin mine address that first he created and lastly when he gives us a message here in our forum which is he made for us.