this post was submitted on 23 Oct 2024
250 points (90.8% liked)

Technology

58885 readers
3767 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
250
Peter Todd in hiding after being “unmasked” as bitcoin creator (arstechnica.com)
submitted 2 days ago by [email protected] to c/[email protected]
49 comments fedilink hide all child comments
 

Todd’s urgent dismissal of the documentary reads to Hoback like an attempt to throw Satoshi-hunters off the scent. “It doesn’t surprise me at all that Peter would go on the offense. He’s a master of game theory—it’s what he does. He has spent a lot of years now muddying the waters,” says Hoback. “He’s an unbelievable genius.”

I haven't seen the docu, but I did like his (Hoback's) docu about Qanon, Q: Into the Storm.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 75 points 2 days ago (3 children)

Unless somebody can "predict" (e.g. announce before executing) movement of coins from verified Satoshi wallets, I won't believe any of these unmaskings.

I would love to know who Satoshi is, but that level of proof would require a willing Satoshi and they (singular or plural) appear to not be up for that.

[–] [email protected] 26 points 2 days ago (1 children)

There is an easier way, just sign something with Satoshi's private key and no one will have a doubt that you are Satoshi. No need for all this ridiculous drama.

[–] [email protected] 12 points 2 days ago (1 children)

Technically that's the same thing. Both are signatures with a private key.

[–] [email protected] 3 points 1 day ago (1 children)

Agreed, except that moving coins costs money while signing something with the private key doesn't.

[–] [email protected] 2 points 1 day ago* (last edited 1 day ago) (1 children)

Both actions would cost billions more than any amount they would move or a signed transaction.

The price would crash knowing those coins were back in play.

It'd be a huge influx of potential coins considered to be lost.

[–] [email protected] 2 points 1 day ago (1 children)

That’s not accurate. Any serious investor would assume the coins still exist and could be moved. Selling the coins would roil the markets but that’s no different than if someone with a majority stake in a stock (eg DJT) were to dump their shares.

[–] [email protected] 1 points 1 day ago (1 children)

Any serious investor would be estimating how many other people are not serious investors, and understand that those unserious people would swing the price.

There's no value to bitcoin except people's expectations.

[–] [email protected] 1 points 1 day ago

You’re not wrong but in general prices are moved by market makers who are trading large quantities. I can imagine assuming that the guy who invented bitcoin and went to such lengths to conceal his identity would not have access to his coins.

[–] [email protected] 9 points 2 days ago (1 children)

Has there been any movement from those wallets in the years since Satoshi went dark?

[–] [email protected] -2 points 2 days ago

My money is still on Paul Le Roux.