Didn’t Craig Wright claim that Satoshis bitcoin stash was held in trust to be released in 2020? If so that would substantially help in his claim, but Iam with you. I don’t believe he is Satoshi!
There’s also a PDF authored by Kleiman, who died in April of 2013, in which he agrees to take control of a trust fund, codenamed the "Tulip Trust," containing 1.1 million bitcoins. The PDF is signed with Kleiman’s PGP signature, a cryptographic technique that ensures it couldn’t have been altered post-signature.
Yeah cause Satoshi used law firms and not cryptography to secure his bitcoin... what a joke. In the podcast, @aantonop discusses how scammers use appeals to authority to overcome doubt (since they cannot use appeals to cryptography, of course). Craig Wright takes appeals to authority to an extreme with his "wheelbarrow of degrees" stunt:
Is he? Certainly, Satoshi mined many coins in the first year of Bitcoin (see here and here). However, trying to spend any of those bitcoins now would likely unmask Satoshi. Therefore, Satoshi's bitcoins aren't spendable money if he'd like to remain anonymous. As I mention in the post, it's possible Satoshi purged the keys to his addresses, as a security measure.
Eh. I'm more of the opinion that the price is set not by traders doing market cap calculations, but just based on the supply and demand on exchanges at any given point in time. So yeah, selling 1 million BTC via an exchange is going to move the price down, no matter how you structure it.
It's an interesting question how sentiment would react to Satoshi's stash moving. I think you're right it'd create a sell off, since it could make investors nervous. Not sure if this has any historical merit... one possibility would be to see whether the price has reacted in the past to bitcoin days destroyed:
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Didn’t Craig Wright claim that Satoshis bitcoin stash was held in trust to be released in 2020? If so that would substantially help in his claim, but Iam with you. I don’t believe he is Satoshi!
Apparently that's the claim, at least per this Wired article titled Bitcoin’s Creator Satoshi Nakamoto Is Probably This Unknown Australian Genius:
Yeah cause Satoshi used law firms and not cryptography to secure his bitcoin... what a joke. In the podcast, @aantonop discusses how scammers use appeals to authority to overcome doubt (since they cannot use appeals to cryptography, of course). Craig Wright takes appeals to authority to an extreme with his "wheelbarrow of degrees" stunt:
Real Satoshi is sleeping on bed made of money, why would he come forward?
Is he? Certainly, Satoshi mined many coins in the first year of Bitcoin (see here and here). However, trying to spend any of those bitcoins now would likely unmask Satoshi. Therefore, Satoshi's bitcoins aren't spendable money if he'd like to remain anonymous. As I mention in the post, it's possible Satoshi purged the keys to his addresses, as a security measure.
The market considers those coins as dead. The second they moved, btc would crash through the floor.
Eh. I'm more of the opinion that the price is set not by traders doing market cap calculations, but just based on the supply and demand on exchanges at any given point in time. So yeah, selling 1 million BTC via an exchange is going to move the price down, no matter how you structure it.
It's an interesting question how sentiment would react to Satoshi's stash moving. I think you're right it'd create a sell off, since it could make investors nervous. Not sure if this has any historical merit... one possibility would be to see whether the price has reacted in the past to bitcoin days destroyed:
Reveal spoiler
BTW, the data in that chart is from https://blockchain.info/charts, which no longer provides this chart (too bad). However, it looks like https://oxt.me/charts has a more up to date chart of BDD.
Bollocks! I'M the REAL Satoshi Nakamoto!
Wow! This is going to be my favorite place to keep myself updated about Bitcoin. Much thanks upvoted!
Amazing
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