Post
Topic
Board Development & Technical Discussion
Re: Game theory involving Quantum Resistance protocol
by
satoshyknew
on 24/10/2019, 14:02:56 UTC
Given that Satoshi's coins are in Pay to public key outputs, the pubkeys are publicly available already. So if we assume Satoshi is dead or otherwise gone, his coins moving would actually be an indication that Quantum computers exist because the only way for them to move (assuming he is no longer around) is for someone to have been able to compute the private keys to those exposed public keys, presumably via quantum computer. In general, it would mean that the ECDLP is has been broken in some way (regardless of QCs) and should no longer be relied upon (i.e. we should move off of ECDSA and Schnorr).

His coins or the 'Shalecoins' (coins with no owner ' https://bitcointalk.org/index.php?topic=5134441.0) moving would actually be an indication that

1. Quantum computers exist

2. ECDLP has been broken in some way

or

3. Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain. https://bitcointalk.org/index.php?topic=5150688.0 and someone solved it

Nobody is asking why he did not move and is not moving these early mined unmoved P2PK coins:
https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
https://bitcointalk.org/index.php?topic=175996.0

Our guess is that he knew that the early mined coins will be moved one day. So he created a 'prize competition'. Otherwise he could move the coins to quantum resistant P2PKH addresses, but he did not and is not doing.

The only question is:
Who will win the race and get the early coins?

Quantum computing or solving the "Satoshi Prize Competition".

Nobody can stop that race.