Quote from: trollercoaster on March 01, 2018, 04:59:36 PM

Quote from: SkyscraperFarms on March 01, 2018, 03:45:58 AM

Quote from: trollercoaster on February 28, 2018, 09:43:13 AM

If I'm getting all these right, you're telling me that Satoshi, the founder of Bitcoin and the genesis block miner, had 1,000,000 BTC from the 20,000 blocks he solved. AND because he lost faith in this project becoming reality, he didn't care about them enough and lost the goddamn keys to this 1mil btc?

Damn son! I'd be hiding from my stupidity as well...

No, I am saying that Bitcoin wasn't worth anything for the first 18 months and therefore people including Satoshi didn't care much about preserving the private keys. Remember the 10,000 BTC pizza transaction? That transaction took place at the end of May 2010 which kind of established any worth for BTC for the first time. Think of it like something that was like a penny but wasn't even close to worth a penny. If you dropped one of those pennies, I bet you wouldn't care much.

But this isn't me, this is Satoshi... I mean, if I create something, something I want to be valuable I would be careful with the asset I owned. No matter the value. It's not about the value, it's about believing in what you made.

Today, many of us hodl some tokens that aren't worth any shit right now. But we believe in that project so hodl them. If there was a situation and we lost access to our token wallets it would hurt.

And this isn't a small fragment of the project we're talking about, it's 1 friggin million btc! It's %5 of the whole bitcoin project. %8 of the current market cap...

And those 1 million btc will always be locked away in some inaccessible wallets... So we can say that the total market supply of btc is 21mil, not 22mil...

And, someday in the future, when the last btc is mined, if there are 22 million btc circulating, we can safely say that this argument is pointless and satoshi is still among us and he's using those btc...

Well... 1million tokens are worth around 10billion, I can't even imagine their worth 20 years in the future... I'd surely be hiding away with all those money... And I'd surely spread a rumor about me losing those coins, so no one will ever come looking for me for those coins...

And saying again, if I had really lost all those coins, I'd be ashamed to show my face...

So, stop looking for the man and give him some peace, maybe he'll show up in the future...

Lastly, for the record, I don't think Mike Hearn is Satoshi too. But, he may be one of the few who can reveal his identity.

Hey it is 21m total supply, so when you reduce it, you reduce it to 20m (not 22m -> 21m).

Also, I think that if they considered the project as a testnet at the time, really, I understand they may not have been keeping the private keys for the blocks they generated. I am not saying that it is what happened, but I think it is a plausible explanation. This situation was very different from this:

Quote from: trollercoaster on March 01, 2018, 04:59:36 PM

many of us hodl some tokens that aren't worth any shit right now. But we believe in that project so hodl them

They were really just playing with the code and testing the software, discarding any intermediary data, they were not hodling coins with the hope and intention the coins will eventually rise.