Post
Topic
Board Bitcoin Discussion
Re: Is 'saatoshi_rising' Satoshi wanting to tell us something?
by
satoshyknew
on 25/11/2019, 17:42:49 UTC

Quote
https://bitcointalk.org/index.php?topic=5136880.msg53164590#msg53164590  There is strong evidence that Satoshi had multiple Bitcoin code repositories with prototype development and research that never saw the light of day.

How long have you been working on this design Satoshi?  It seems very well thought out, not the kind of thing you just sit down and code up without doing a lot of brainstorming and discussion on it first.  Everyone has the obvious questions looking for holes in it but it is holding up well Smiley
Since 2007.  At some point I became convinced there was a way to do this without any trust required at all and couldn't resist to keep thinking about it.  Much more of the work was designing than coding.

Fortunately, so far all the issues raised have been things I previously considered and planned for.

Satoshi knew that one day quantum computers will exist and will be able to move the early mined coins (P2PK) and created an unofficial prize competition to accelerate the development.

Satoshi:
However, if something happened and the signatures were compromised (perhaps integer factorization is solved, quantum computers?), then even agreeing upon the last valid block would be worthless.
https://bitcointalk.org/index.php?topic=5136880.msg53164590#msg53164590
True, if it happened suddenly.  If it happens gradually, we can still transition to something stronger.  When you run the upgraded software for the first time, it would re-sign all your money with the new stronger signature algorithm.  (by creating a transaction sending the money to yourself with the stronger sig)

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.