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It would be a great boon to BitCoin to know the identity of the creators. Particularly if the unmasked progenitor(s) proved that they had actually destroyed th
by andrewljohnson 13y ago
It would be a great boon to BitCoin to know the identity of the creators.
Particularly if the unmasked progenitor(s) proved that they had actually destroyed the early Coins, that would help stabilize and legitimize the currency.
- markburns 13y agoCould you expand upon the feasibility and the benefits of proving you had destroyed earlier coins? I'm not calling into question what you say, just curious as to what you mean.
- gambiting 13y agoThat would (in a way) show the world that they created the currency for it to be a legitimate thing,and not just a scheme to make bitcoin popular and then cash in millions few years later. Or at least that's how some people would see it, if "satoshi" tried spending/turning into cash thousands of bitcoins he/she/they has/have.
- wmf 13y agoIf Satoshi holds ~1M BTC it means he can crash the market at any time. In some people's minds that risk reduces the value of Bitcoin. But if he could prove that he doesn't, that risk goes away. Also, if Satoshi could prove he's not rich then people will stop trying to kidnap him.
- markburns 13y agoThanks to you and gambiting for providing what I guessed may be the benefits, I'm still confused about the feasibility. Can you prove something doesn't exist?
- wmf 13y agoThat is a problem. AFAIK it is possible to generate unspendable Bitcoin addresses without any private key in a way that could be revealed later (e.g. with a PRNG or deterministic wallet), but it's also possible that Satoshi generated normal key pairs and deleted them which would leave him with no way to prove that they were deleted.