Comment by Lerc
8 days ago
>his financial incentive to hide his identity as Satoshi under US securities law
I don't think you can attribute this to financial incentive. The actual Satoshi could forfeit 90% of their BTC and still have more than they could know what to do with.
At those kinds of levels I can see personal security being a higher consideration.
Either way it would give no indication who might be Satoshi because all candidates would have a similar incentive if they were Satoshi, and you are measuring the absence of information.
why does everybody assume that whoever is Satoshi still has access to their wallet? It's absolutely possible whoever is Satoshi has simply lost the key.
We're talking new technology where you're running fast and loose. It's absolutely possible, and I'd say a big reason why someone would not want to admit to being Satoshi.
I'm Satoshi, but I also lost billions because I messed up a Debian upgrade.
Further, no one would believe them, and they'd still endlessly be a target for criminals. No benefit to revealing any information beyond mild dismissals, IMO.
> I'm Satoshi, but I also lost billions because I messed up a Debian upgrade.
That would be very funny. I used to own a whole bitcoin when it was worth nothing.Didn't think it would be ever worth anything and formatted my hard drive to change distro.
I did this with 15 btc :]
I commented elsewhere in this thread theorising that Satoshi could be the work of both Finney and Back. If that has any basis in reality, then it stands to reason that perhaps the wallet is locked away in a trust or at least legally unobtainable until certain conditions are met (e.g. Adam Back's passing). I can imagine a scenario in the future where a law firm makes a press release confirming they're in possession of Satoshi's wallet and have been instructed to liquidate and donate its proceeds.
I think this is plausible as well. One of the emails used by Satoshi was tracked to CA (where Finney lived), the original paper talks in plural "we" (fwiw), and the Dorian Satoshi person lived in CA and could have been an inspiration for the name (if Finney had come across him somehow) since he was a very private, anti gov person (not saying he had anything to do with BTC)
Or what if Satoshi deliberately destroyed their key?
The motivations behind Bitcoin were clear.
All the wealthy people I know don’t really do it for the money. The money is the gauge or the metric they use to judge how well they are playing the game but what motivates them is the love of the game and their sense of purpose.
If someone was to truly believe that Bitcoin was going to be a gold/USD/Eurodollar/swift etc. replacement then their metric of success isn’t money if they got in early.
100% and just based on the cypherpunk origins of this whole thing, this the most likely scenario.
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It's entirely possible that Satoshi has deliberately destroyed the keys, but lost them? I doubt it. All these early cryptography guys were very conscious about keeping their keys secure, they discussed it endlessly.
For that wealth to mean anything he has to withdraw from it, and wouldn't that produce a paper trail?
Apologies if its mentioned in TFA, I only got halfway through it... the author's self-indulgence was getting to be a bit much
> The actual Satoshi could forfeit 90% of their BTC and still have more than they could know what to do with.
Ha, that may be technically true but when did you ever find a billionaire who would be OK with it?
Bill Gates is doing just that; to name one of many throughout recent history.
Bill is donating his money for 2 reasons; taxes and an attempt to make himself look good similar to Rockefeller and Vanderbilt. Microsoft didn't get where it was by playing nice but it is amazing to see how quickly that was forgotten. I think it was working too except that his friendship with Jeffery was exposed, we shall see.