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Author Topic: Some FAQ you might find interested and add your question.  (Read 341 times)
Accardo
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September 10, 2024, 05:57:34 PM
 #21

As part of this community i will always be grateful to both of them, and if Bitcoin is something now days is because Sirius, Theymos, and satoshi worked really hard on the project.

One name is somehow missed out much like he didn't work so hard to protect the interest of bitcoin and the forum. During the bitcoin cash scandal he claimed in his response to have fought tooth and nail for the interest of bitcoin not to be hijacked, the attackers, he said; had 80% of the hash rate on their side, numerous companies sided them, but they never had bitcoin.org approval, which he managed, this member—Cøbra also wasn't liked by most members and was tagged a backstabber (I saw some responses that closely referred to him as such in this thread https://bitcointalk.org/index.php?topic=5241347.20), what went wrong? why did the forum members turn against him?, and he's not always mentioned in the history of bitcointalk even though he was in control of the technical authority of both bitcointalk and bitcoin.org, before handing this forum over to Theymos.


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September 10, 2024, 09:16:53 PM
 #22

Op your question one and two still need more answers or more details on this people. You can't just tell the public that we should go and find out the answers from them again and the thread is FAQs. It is better you gather more information and tell us. And as others also said, this forum was created by Satoshi Nakamoto in 2009 and most of his threads or articles here in the forum, he made mentioned of we and I as the personal Pronoun. And that can means he was not alone in the development process.

What I have wondered about way more frequently is how nobody has apparently been able to identify Satoshi in this day and age--it seems impossible that someone could disappear without a trace like he did, and I'm pretty sure at least one government would be very interested in finding him, and probably way more than one.
Maybe he spent the last decade in prison already, waiting to give up his private keys.... And that's my best-case scenario, in which he's still alive. Why else would anyone disappear like this after creating the biggest invention in finance since .... since sliced bread Tongue
I don't think Satoshi Nakamoto is old but will be at the age of 50+ now. And why I said so because bitcoin is a smart project and it needs smart  brain to develop such project and not aged brain that can easily forget many things. And I also strongly believed that he is still alive mingling with us in another format because nobody in this world would create or develop a project like Bitcoin and abandoned it to another people who don't know anything about the root of the project.  Bitcoin is to challenge the world economy to some extent so the developers can't just abandoned the invention like that. They are still among the living. Monitoring how the project is moving.

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September 11, 2024, 10:51:08 AM
 #23

is Theymos not Satoshi?
No. Look at some of theymos' early posts, he was a clueless Newbie back then Tongue
Anyone can pretend not knowing something, so that is not a good argument but anyways, I believe that he is not Satoshi. By the way, it's still a mystery for me, how he became the admin of this forum. Someone doesn't create a gamechanger currency, buys domain for it and gives the ownership over the community to a random stranger guy online.

What I have wondered about way more frequently is how nobody has apparently been able to identify Satoshi in this day and age--it seems impossible that someone could disappear without a trace like he did, and I'm pretty sure at least one government would be very interested in finding him, and probably way more than one.
Maybe he spent the last decade in prison already, waiting to give up his private keys.... And that's my best-case scenario, in which he's still alive. Why else would anyone disappear like this after creating the biggest invention in finance since .... since sliced bread Tongue
I have two possible explanations:
1. Sadly, he is dead and that's the possible explanation of why he didn't touch a million Bitcoin for over a decade. This is sad and I think the most legit answer.
2. He is one in a billion man who stands strong to protect Bitcoin at all costs. His aim was the true decentralization of Bitcoin without trusting 3rd parties and for this reason, he cut himself from Bitcoin for better but left an ACE in his hands, i.e. one million Bitcoin. If the decentralization of Bitcoin gets significantly affected, then Satoshi will come out of nowhere and make a big changes with his one million Bitcoins in hand.

I can't really find the best explanation to the situation that happened around Satoshi, this is out of human's capability. Secrets are always revealed but in case of Satoshi, it still remained a secret and that's what I can't explain, that's impossible accident that somehow happened.

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September 11, 2024, 03:21:19 PM
 #24

I have two possible explanations:
1. Sadly, he is dead and that's the possible explanation of why he didn't touch a million Bitcoin for over a decade. This is sad and I think the most legit answer.
I hope he's still around, but if he is dead and he had no one, not even relatives, to hand down the private keys, then he may have discounted the fact that Bitcoin will be worth a lot in the future, so he ignores passing the private keys to his heirs.

Quote
2. He is one in a billion man who stands strong to protect Bitcoin at all costs. His aim was the true decentralization of Bitcoin without trusting 3rd parties and for this reason, he cut himself from Bitcoin for better but left an ACE in his hands, i.e. one million Bitcoin. If the decentralization of Bitcoin gets significantly affected, then Satoshi will come out of nowhere and make a big changes with his one million Bitcoins in hand.
For a guy who created this revolutionary technology, he knows the right time for his creation, at the popularity of Bitcoin and the converted amount at his disposal if he still has the keys, He is the most important man on the planet and if his character is more like an introvert, we may not see the day he will come out openly

Quote
I can't really find the best explanation to the situation that happened around Satoshi, this is out of human's capability. Secrets are always revealed but in case of Satoshi, it still remained a secret and that's what I can't explain, that's impossible accident that somehow happened.
If ever this secret comes out, I hope I will still be around so I can follow the scenario and see the world's sentiment, somewhere in the future we will have a hint on who he is and where he is at.
Or maybe he is reading this discussion and laughing at our efforts to locate him

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September 11, 2024, 04:41:58 PM
 #25

2. He is one in a billion man who stands strong to protect Bitcoin at all costs. His aim was the true decentralization of Bitcoin without trusting 3rd parties and for this reason, he cut himself from Bitcoin for better but left an ACE in his hands, i.e. one million Bitcoin. If the decentralization of Bitcoin gets significantly affected, then Satoshi will come out of nowhere and make a big changes with his one million Bitcoins in hand.
What's he going to do? Use his money to rule over Bitcoin to make it more decentralized? Don't you see the irony in that?

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September 11, 2024, 07:32:01 PM
 #26

Cause wikis can be messed up -
Here's why I didn’t go for wiki -

I just search about BitcoinTalk in wikipedia. It shows BitcoinTalk Launched in 2011 and registered in August 2011.

It might not be as messed up as you think. Technically, BitcoinTalk =/= forum. Indeed, the forum was created in 2009 by Satoshi. BitcoinTalk didn't exist at that time yet. The forum initially used SourceForge and then moved to bitcoin.org/smf, then to forum.bitcoin.org, and finally to bitcointalk.org. BitcoinTalk only came up in 2011, coined by Jeff Garzik. It was also the same man who bought the domain bitcointalk.org.
One interesting fact I find here is, how these transitions has been able to take place with no one having to have any ties or links to the next. It shows just how ahead of the times everyone of them has been.
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September 12, 2024, 08:04:20 AM
 #27

2. He is one in a billion man who stands strong to protect Bitcoin at all costs. His aim was the true decentralization of Bitcoin without trusting 3rd parties and for this reason, he cut himself from Bitcoin for better but left an ACE in his hands, i.e. one million Bitcoin. If the decentralization of Bitcoin gets significantly affected, then Satoshi will come out of nowhere and make a big changes with his one million Bitcoins in hand.
What's he going to do? Use his money to rule over Bitcoin to make it more decentralized? Don't you see the irony in that?
I read someone's argument on this forum or Reddit, I don't exactly remember but the argument was that Satoshi can make a significant difference in terms of decentralization because he owns 1 million Bitcoins. At the moment, there are 19.72 million Bitcoins mined and majority of them are owned by exchanges but at the same time from 19.72 million Bitcoins, AFAIK, more than 30% of them are lost. It's not a certain number of course, it's a pure speculation but if so many coins are lost, then there are 14 million Bitcoins in active circulation. It's 7% of 14 that Satoshi holds, so, if he actives his coins, then he can significantly affect the centralization because he is a different player. What I mean is that, for example, if CEXs control more than 55% of active coins (55% of 14 Million = 7.7), then when Satoshi revives his 1 million Bitcoins, then the number of active coins will become 15 million and instead of 55%, CEXs will hold 51.3% share.

1% is what decides the fate of Bitcoin (I mean 51% attack), right? So that's what I'm talking about. I don't know if I explained it well but I hope I did but maybe I'm wrong and it means nothing, I dunno.

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September 27, 2024, 11:02:20 AM
 #28

I read someone's argument on this forum or Reddit, I don't exactly remember but the argument was that Satoshi can make a significant difference in terms of decentralization because he owns 1 million Bitcoins. At the moment, there are 19.72 million Bitcoins mined and majority of them are owned by exchanges but at the same time from 19.72 million Bitcoins, AFAIK, more than 30% of them are lost. It's not a certain number of course, it's a pure speculation but if so many coins are lost, then there are 14 million Bitcoins in active circulation. It's 7% of 14 that Satoshi holds, so, if he actives his coins, then he can significantly affect the centralization because he is a different player. What I mean is that, for example, if CEXs control more than 55% of active coins (55% of 14 Million = 7.7), then when Satoshi revives his 1 million Bitcoins, then the number of active coins will become 15 million and instead of 55%, CEXs will hold 51.3% share.

1% is what decides the fate of Bitcoin (I mean 51% attack), right? So that's what I'm talking about. I don't know if I explained it well but I hope I did but maybe I'm wrong and it means nothing, I dunno.
The argument is flawed in many ways. First, exchanges don't hold that many coins. Maybe a million all combined. The majority is owned by people's own private keys. Second: having 1 million coins in one person's possession doesn't make it more decentralized. Third, and that's the biggest thing: "1%" doesn't matter. It's 51%, and you can't forget the 50% to say the 1% is what matters. But the 51% attack is related to Bitcoin mining, not Bitcoin holding, so it's irrelevant here.

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September 27, 2024, 06:11:25 PM
 #29

I have not seen or have solid evidence to prove what relationship, if any, Satoshi had with former forum admins and theymos in particular. We can read what theymos wrote, but that's probably it. Anybody can write whatever he or she wants. It's not necessarily the truth.

I find it also very faszinating that Satoshi apparently managed to disappear without traces and still remains anonymous. I respect that deeply. It was a very smart move, even when there are lots of people who can't grasp why.

Likely one good reason is this:


It's roughly, give or take a few hundrets of Bitcoins, the current balance of the so-called Patoshi blocks, blocks that have been likely mined by Satoshi himself (see http://satoshiblocks.info/). There are some attribution errors, but we're not nitpicking here now. But it's not only mined coins (all likely deliberately P2PK coinbase transactions), people are throwing a lot of dust and sometimes considerably more at those blocks particularly at the Genesis block. And the public address representation of those coinbase UTXOs is not what Satoshi used to mine to (now, that is nitpicking me, lol).

If Satoshi is attributed such a huge stash, that's a serious problem for him. There will be countless people who'd want to threaten him for just a piece of the cake, if not all. You can prove to have/own a private key, you can't prove the opposite. No-one would believe he may have deleted all roughly 22k private keys of "his" coinbases.

If he's still alive, he'd better remain anonymous and never spend any of his coins or hell will break loose over him.

I also don't believe Satoshi was a group of people. It's exponentially harder to keep a secret with a group of people and everybody of that group in line. Yes, all of the group would be equally threatened by the attributed fortune the same as a single person.

I wish Satoshi all the best and a peaceful life, whereever he is. Respect his choice to be and remain anonymous!

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