Post
Topic
Board Bitcoin Discussion
Re: Satoshi probably started a new coin.
by
dothebeats
on 03/07/2015, 11:28:21 UTC
I wanted to post this before... but I forgot my password, and password reset wasn't working lol... maybe because of forum hack... but anyway.. now it's working again and I am glad I can post again...

Cause I did want to share my thought with you on this... perhaps this theory/hypothesis has already been discussed exactly like this or perhaps not but here goes:

So I think I know who Satoshi might be, all I have to do is think "What would I do if I were him ?" since I am a developer too, so I can think a little bit like him, the story probably goes as follows:

1. Satoshi lost his keys during development... while bitcoin was still worthless.

2. Satoshi got depressed, because bitcoin not worth anything to him anymore... he couldn't mine anymore because of the difficulty increase.

So the next logical thing for him to do is:

3. Start a new coin... and mine it early to get rich once again ! LOL.

PROBLEM SOLVED ! LOL.

And indeed... Satoshi did seem to leave bitcoin....

So the question is which new/alternate coin is he now in ?

Maybe litecoin... or maybe a coin in the future ! Wink =D

Bye,
  Skytoshi ! =D

1. A man who created bitcoin and who always advised others to keep their private keys is very improbable to lost his own private keys, but it still is possible however.
2. Going back to #1, chances are slim of him losing the private keys. He couldn't mine, yes, but given his talents and skills as a coder, leaving bitcoin is okay because he can still use his wits to get by or get rich.
3. Probable, but I don't think he would ever, ever, start a new coin given that bitcoin reached several milestones already. A man of pure integrity and belief in his own work wouldn't create a new one to counter his previous obra maestra. Instead, he will keep on honing and developing his masterpiece until there are some things left to be developed.

Just my 2 cents.