this post was submitted on 21 Dec 2024
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[–] [email protected] 30 points 1 month ago (10 children)

I don't think this guy is Satoshi but no Bitcoin wallets known to belong to Satoshi have been active since their initial transactions. I think it's likely that the keys for those wallets have been lost. So I don't think the inability to sign these messages proves that he's not Satoshi, the fraud does though.

[–] Cocodapuf 10 points 1 month ago (5 children)

I think it's likely that the keys for those wallets have been lost.

I think that's entirely possible. But I think it's also quite likely that those wallets are intentionally being left alone. I think there are legitimate fears that revealing the identity of Satoshi would destabilize the Bitcoin economy (as well as make that person a serious target). Personally, if I were Satoshi, I would try to keep my identity secret.

Also, if you were to ask me, i'd say that this guy isn't Satoshi because in all likelihood, Satoshi is Nick Szabo.

[–] firebyte 6 points 1 month ago (2 children)

I've often heard about these legitimate fears, though why would revealing Satoshi's real identity destabilise the bitcoin economy/make him a target?

Genuinely unsure.

[–] Cocodapuf 2 points 1 month ago

When the Bitcoin network first started, only Satoshi was mining coins. He released the white paper, he talked about it publicly and encouraged people to try it, but it took a while for other nodes to join up and start mining. He could hold half the coins mined in the first 6 months. (If it were half the coins in the first 6 months, that would be 1.3 million coins, currently worth $129 billion). That is a potentially destabilizing amount of money.

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