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Crypto attorney sues US authorities to reveal Satoshi Nakamoto's identity
- duxup 2y ago>others argued that unmasking Satoshi could bring valuable insights and possibly risks to Bitcoin’s future. What risks are these? It's not like there's some magic unknown code only Satoshi can use is there?
- Maxamillion96 2y agoif you believe the conspircy theory that Satoshi was created by an intelligence agency, then having it discovered would make a some people wary of using it.
- duxup 2y agoBut it doesn't really change how Bitcoin operates does it that's apparent isn't it?
- bediger4000 2y agoAs far as we know. It could be similar to Dual_EC_DRBG encryption. Some technique unknown to the public could potentially exist in it, and if the NSA is Satoshi, the likelihood goes way up.
- kpdemetriou 2y agoUnlike Dual_EC_DRBG, Bitcoin doesn't use suspicious unexplained constants - all major constants have clear justifications as far as I'm aware.
- LinuxBender 2y agoI would expect the weaknesses to be in the exchanges. Load 'em up with pretend money from many mule accounts, convert to fiat, drain 'em down. 1920's bucket shops all over again but digital, easier and safer to launder from afar. Exchange vanishes with no audit trail, ledgers remain.
- recursivecaveat 2y agoHe owns like $100 billion in bitcoin, so I think unmasking him as either someone who just has chosen not to use that money yet, or someone who died with the keys likely lost would presumably have a big price shock. Once he is identified, he and everyone connected to him becomes a massive target for organized crime and such, that many coins ending up in the hands of North Korea or something would probably significantly damage bitcoin's future; I imagine the feds would do whatever they could to ensure that can't be turned into spendable money.