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Peter Todd in hiding after being “unmasked” as bitcoin creator
(arstechnica.com)
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this post was submitted on 23 Oct 2024
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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.
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.
Technically that's the same thing. Both are signatures with a private key.
Agreed, except that moving coins costs money while signing something with the private key doesn't.
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.
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.
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.
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.