36 ms·

Satoshi Nakamoto enters the chat

*Satoshi Nakamoto enters the chat*

rippercushions 4y ago
Satoshi's coins have sat untouched since pretty much the beginning, so no, they certainly have not been able to make any use of them.
- tobyjsullivan 4y ago
  And their identity and whereabouts remains concealed - which I believe is the more relevant factor here.
  - steveBK123 4y ago
    Being able to remain anonymous and concealed as long as you don’t touch your magic internet money is.. not a great ad for the magic or the money.
- ashwagary 4y ago
  >they certainly have not been able to make any use of them. That cannot be said with 100% certainty since transfer of ownership doesnt require an onchain transaction and secondly, funds aside, signing with his keys (aka proof of identity) is extremely valuable to a large % of the Bitcoin whale community. Many whales would send Satoshi millions of dollars just for the act of signing with those keys, no strings attached.
  - Jolter 4y ago
    This sounds extremely speculative. I expect that's why you're being downvoted. Exotic crypto conspiracies are not very popular on HN.
    - ashwagary 4y ago
      >so no, they certainly have not been able to make any use of them. >This sounds extremely speculative. My statement is less speculative than the parent's claim. Did Satoshi already receive 10s of billions $ of coins just for owning his keys? Yes. Off-chain transactions and proof-of-keys based value transfer are far from exotic in the space we are discussing. Countless airdrops and fork coins have been sent to offchain wallets controlled by Satoshi using these two methods over the last 13 years.
yucky 4y ago
Satoshi Nakamoto = NSA, so the point remains. That being said, Monero still remains untraceable.
- throwawaylinux 4y ago
  There is no way the government could restrain themselves from spending that money if they had it so it can't be the NSA.
  - yucky 4y ago
    The US Government prints money whenever it feels like it despite being $30 Trillion in debt, it's the only entity in the world that could manage to not spend it.
    - throwawaylinux 4y ago
      No that's not right. It's not that all the countless departments and agencies can go to the federal reserve or congress whenever they need more money and it will write them a check. I mean in aggregate that's vaguely how it goes, but there is never enough money to spend at any given time. If there was a gigantic cache of money, they would be unable to help themselves. Why do you think the CIA sells drugs and weapons? It's not a couple of greedy dudes at the top running everything and telling everybody to waste money. It's systemic from top to bottom.
      - yucky 4y ago
        > Why do you think the CIA sells drugs and weapons? For the same reason the NSA invented Bitcoin, to further their interests outside the bounds of the law.
- steveBK123 4y ago
  NSA inventing crypto honestly seems like one of the less implausible conspiracies. I mean they basically compromised Tor already. They have a vested interest in tracking decentralized communications and assets. The pseudonymous nature coupled with its public ledger actually make it great for an NSA type entity to track fund movement by people who think they are operating in the darkness.

*Satoshi Nakamoto enters the chat*

Satoshi's coins have sat untouched since pretty much the beginning, so no, they certainly have not been able to make any use of them.

tobyjsullivan 4y ago
And their identity and whereabouts remains concealed - which I believe is the more relevant factor here.
- steveBK123 4y ago
  Being able to remain anonymous and concealed as long as you don’t touch your magic internet money is.. not a great ad for the magic or the money.
ashwagary 4y ago
>they certainly have not been able to make any use of them. That cannot be said with 100% certainty since transfer of ownership doesnt require an onchain transaction and secondly, funds aside, signing with his keys (aka proof of identity) is extremely valuable to a large % of the Bitcoin whale community. Many whales would send Satoshi millions of dollars just for the act of signing with those keys, no strings attached.
- Jolter 4y ago
  This sounds extremely speculative. I expect that's why you're being downvoted. Exotic crypto conspiracies are not very popular on HN.
  - ashwagary 4y ago
    >so no, they certainly have not been able to make any use of them. >This sounds extremely speculative. My statement is less speculative than the parent's claim. Did Satoshi already receive 10s of billions $ of coins just for owning his keys? Yes. Off-chain transactions and proof-of-keys based value transfer are far from exotic in the space we are discussing. Countless airdrops and fork coins have been sent to offchain wallets controlled by Satoshi using these two methods over the last 13 years.

yucky 4y ago

Satoshi Nakamoto = NSA, so the point remains. That being said, Monero still remains untraceable.

throwawaylinux 4y ago
There is no way the government could restrain themselves from spending that money if they had it so it can't be the NSA.
- yucky 4y ago
  The US Government prints money whenever it feels like it despite being $30 Trillion in debt, it's the only entity in the world that could manage to not spend it.
  - throwawaylinux 4y ago
    No that's not right. It's not that all the countless departments and agencies can go to the federal reserve or congress whenever they need more money and it will write them a check. I mean in aggregate that's vaguely how it goes, but there is never enough money to spend at any given time. If there was a gigantic cache of money, they would be unable to help themselves. Why do you think the CIA sells drugs and weapons? It's not a couple of greedy dudes at the top running everything and telling everybody to waste money. It's systemic from top to bottom.
    - yucky 4y ago
      > Why do you think the CIA sells drugs and weapons? For the same reason the NSA invented Bitcoin, to further their interests outside the bounds of the law.
steveBK123 4y ago
NSA inventing crypto honestly seems like one of the less implausible conspiracies. I mean they basically compromised Tor already. They have a vested interest in tracking decentralized communications and assets. The pseudonymous nature coupled with its public ledger actually make it great for an NSA type entity to track fund movement by people who think they are operating in the darkness.