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Author Topic: What If Satoshi Actually Lost His Private Keys  (Read 3456 times)
shoreno
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August 21, 2019, 10:07:29 AM
 #41

All these theories are just that.  For my vote, there is absolutely NO way Satoshi lost his/her private keys.  He may be dead (doubtful) but if so then he is not the one claiming to be Satoshi now is he?  I cannot imagine seeing evidence that would convince me if he/she can't sign the btc address.
There is actually no way that the real Satoshi is gonna reveal his identity, a man/woman who decided to create an anonymous and almost untraceable digital currency would definitely wants to be anonymous and live his private life. He/she wouldn't be out there claiming to be the creator of the Bitcoins and birthing cryptos into existence.

What about other coin developer that built those other crypto coins that we currently see today ?  We can see thier devs on public and they are not afraid to expose thier identity even if they knew that someon can get jelous and do threats with them but they are still here alive and kicking until now  .  nothing really wrong with that to show up and it does not matter at all even if your creation was anonymous or decentralized
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August 21, 2019, 10:24:47 AM
 #42

>Would a post here be enough proof?

Lol, this is a troll right?

Not your keys, not your Bitcoin so also not your cryptographic identity if you lose gpg keys.

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August 21, 2019, 10:30:33 AM
 #43

>Would a post here be enough proof?

Lol, this is a troll right?

Not your keys, not your Bitcoin so also not your cryptographic identity if you lose gpg keys.

I guess so. Craig Wright has already "proven" big time that without proper cryptographic proof of having the keys, the big majority will never believe you whatever you try.
Of course, it could trigger a background check, it could make some people believe him, but .. only could and some.

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August 21, 2019, 10:57:11 AM
 #44

>Would a post here be enough proof?

Lol, this is a troll right?

Not your keys, not your Bitcoin so also not your cryptographic identity if you lose gpg keys.

I guess so. Craig Wright has already "proven" big time that without proper cryptographic proof of having the keys, the big majority will never believe you whatever you try.
Of course, it could trigger a background check, it could make some people believe him, but .. only could and some.

Hoaxtoshi is a liar and fraud, and honestly doesn't does not understand how cryptography works. He simply hopes to pull wool over enough eyes to create publicity for himself.

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August 21, 2019, 11:00:48 AM
 #45

Hoaxtoshi is a liar and fraud, and honestly doesn't does not understand how cryptography works. He simply hopes to pull wool over enough eyes to create publicity for himself.

That's correct. Still, he has tried to make people believe he's Satoshi and failed, and the main reason is that he didn't provide the cryptographic proof. And that's what we discuss about now.
If somebody hacks Satoshi's bitcointalk account trying to make the world believe he's Satoshi... will he be any better than CSW? Nope.

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August 21, 2019, 11:21:30 AM
 #46

How can satoshi the creator of btc, such a genius lost his private key? no i highly doubt that, the man is too smart to loss something that valuable, i won't be surprise if those private keys are customized Cool
and don't forget that once satoshi signed with those private keys that will send signal of his come back and that is something he is not interested in at least for the past 10 years and i don't see the reason why now.

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August 21, 2019, 11:37:02 AM
 #47

I assume no one knows, since the coins have not moved for quite some time.
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August 21, 2019, 12:21:16 PM
 #48

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.

Then there is a possibility that he cannot prove that he is Satoshi Nakamoto, the only way he can do that is only by  access of his Bitcoin through private key, but I am not going to believe that he will lose or can't access his own private key, he is the creator of Bitcoin he is the first to know that losing your private key means losing all your coins.

He is good at keeping his identity so I am pretty sure he is also good at keeping his private key.

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August 21, 2019, 12:39:11 PM
 #49

I don't believe if Satoshi lost his private keys, but that could be possible as Satoshi is human who can forget which he keeps his private keys. I think he will find a way to get his private keys as he is the founder of bitcoin and he is a smart person. We could only guess what the possibility meanwhile we don't know the truth. But I don't think that Satoshi will reveal himself to the public again because I am sure that he prefers to stay in his room right now.

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August 21, 2019, 12:57:39 PM
 #50

As a creator of Bitcoin, I doubt that he will lose it, he makes Bitcoin unrecoverable without the private keys, so why would he lose it, I have a strong belief that he also create something that can protect private keys or easily recoverable and he is using it for himself.

He is good at securing things, just check how good he is at securing himself from being exposed.

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August 21, 2019, 01:32:53 PM
 #51

As the OP said, I do not also believe the self proclaimed guy but one thing that most of us(i and my friends) do discuss is the the real SATOSHI losing his private keys. I wasn't surprised when this guy ended up saying that thing in my mind everyday since I realized the inventor of this great tool is anonymous.

On your idea that him posting on the forum to prove his identity, I still think majority of the members wouldn't bave believed him if he did that because his email wasn't ever hacked not to talk of bitcointalk forum account.

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August 21, 2019, 01:49:22 PM
 #52

My opinion is that Satoshi might have never cared to store the private keys. He was mining coins in 2009 and 2010, and back then the prices were around $0.001 per coin. He was storing these coins in a large number of wallets and each of them had a different private key. There is a very high chance that he might have taken the mining just as a recreational activity and might not have wrote down or stored the keys. His aim back then was to encourage other people to use Bitcoin, and I guess he mined those coins so as to get the mining hashrate high enough to give an impression of a fledgling system. Even in case he stored all those private keys, there is a chance that he was careless about the storage and lost them in some freak accident.
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August 21, 2019, 01:50:54 PM
 #53

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...

It is possible that Satoshi lost his keys, but it's not very likely, because a good cryptographer knows the importance of keys and how to store them. Bitcoin keys from early blocks, especially genesis block, is a strong evidence, but it's not perfect evidence, since the keys can be stolen, and not the only evidence, because there are Satoshi's public accounts.

So, even in case Satoshi lost his Bitcoin keys, he'd still be able to use some of his old accounts or PGP keys to prove his identity. And this is why I don't believe any claims that don't have any legit evidence whatsoever, literally anyone can say "I'm Satoshi and I lost my keys".

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August 21, 2019, 01:59:51 PM
 #54

This scenario will be possible however, we are not talking some random guys who own some bitcoins. it is Satoshi we are talking about the one who made Bitcoins for us. I'm sure he has some sort of way to recover what he lost. I mean the Private key he lost he has some option to recover it.

There is no way I believe that he cannot take it back when he lost it because that's so impossible I'm sure he knows something that we ordinary holders doesn't know.

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finaleshot2016
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August 21, 2019, 02:01:24 PM
 #55

All these theories are just that.  For my vote, there is absolutely NO way Satoshi lost his/her private keys.  He may be dead (doubtful) but if so then he is not the one claiming to be Satoshi now is he?  I cannot imagine seeing evidence that would convince me if he/she can't sign the btc address.
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What about other coin developer that built those other crypto coins that we currently see today ?  We can see thier devs on public and they are not afraid to expose thier identity even if they knew that someon can get jelous and do threats with them but they are still here alive and kicking until now  .  nothing really wrong with that to show up and it does not matter at all even if your creation was anonymous or decentralized

It's because some of the coins that have been created by the other devs are not quite good. I mean, Bitcoin has the original technology which is blockchain and it's being copied by several developers. So if there's an issue regarding about the decentralization, who will be your first target? definitely the founder. Altcoins aren't good enough and sometimes you can call them shitcoins.

Those people aren't scared because they imitated the blockchain and it's not against the law since it's technology, you can be innovative on some existing technology. While satoshi, who made a huge difference between a digital currency and fiat will be targeted by the government if there's happening in the economic stability of their country.
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August 21, 2019, 02:29:11 PM
 #56

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...
First of I don't think that the creator would really lose his/her key for sure the real Satoshi would be smart enough to make a copy of it and make sure that it is safe.
And to be honest there is nothing that could prove that they are the real Satoshi unless they could open the wallet of the owner.
I don't think people would believe it if Satoshi's account in this forum would post something unless theymos backed it up.

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August 21, 2019, 02:30:32 PM
 #57


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?

I think some would believe but they shouldn't. After such long time his account  could be hacked/password guessed etc.
There is too many situations that could lead to false informations beign spread. He wouldn't ever put information like this if he care about his project.
auntyjmary
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August 21, 2019, 02:50:53 PM
 #58

I think this proof of identity as Satoshi is just trivial. For many years many people who are interested in cryptocurrencies and obviously bitcoin, are interested in finding out real facts about the real Satoshi. The information on Satoshi Nakamoto which is available on many online portals is not coherent, so the mystery would just continue for long.
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August 21, 2019, 08:08:42 PM
 #59


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?

I think some would believe but they shouldn't. After such long time his account  could be hacked/password guessed etc.
There is too many situations that could lead to false informations beign spread. He wouldn't ever put information like this if he care about his project.
Did you guys read the first page replies?

His account is locked, so no. If he wants to claim his account, he'll have to contact me with a PGP signature.
Theymos locked his account so that if any hacker would like to take his account will need to verify it first to him. There is no chance that someone could bruteforce his account with guessing passwords.

I don't believe that Satoshi did forgot his private key when he is that knowledgeable to hide his path. It is enough to me that he really knows what is he doing.

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August 21, 2019, 09:01:10 PM
 #60

This is just personal assumption, there is no way to prove that he lost his priv key, besides Satoshi don't want to be known, he wants to remain anonymous so why will he bother signing with private ket? The guy wants to remain hidden so i guess it's about time people respect that and stop creating unnecessary attention.
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