It will be found the Bitcoin Founder found thread can only founder.

Assuming Satoshi Nakamoto really a. actually existed and b. disappeared by his own choice.
How many bitcoins did he mine during development of the theory, and where are they now?
What about that never-touched cache of 1500 bitcoins mined in 2009, that turned up during the MtGox hack series of events?
http://www.reddit.com/r/Bitcoin/comments/i4xgc/follow_the_money_trail_part_2_1500btc_generated/

Very amusing to see people all excited about a virtual currency independent of government, then want to use the legal system to recover their losses when things go wrong.

Lets just review some basic facts.
The very existence of present national governments depends on their ability (in cahoots with the banks) to create and control the (fiat) currency universally used for commerce. Undermine that fiat, fractional reserve money machine, and all current governments would rapidly go pooof and vanish in a cloud of spitting, self-devouring chaos.

And this is _why_ we all like the fundamental concept of Bitcoin, because we hate the government and everything it stands for, right?

Except... the legal system is created, maintained and enforced by government. It is _part_ of the government.

It's true there's a long, long way to go before Bitcoin or anything like it makes an actual dent in government power. But the principle and intent are there. So going crying to the lawyers about your Bitcoin losses has a pretty strong small of hypocrisy.

On the other hand, starting a class action suit might be a good way to find out what the establishment wants with regard to Bitcoin. See how much official cooperation or obstruction you get.

Except that cultural history is fact. That the name Satoshi Nakamoto is now irrevocably linked in the collective mind to the origin of Bitcoin is fact. The paper exists, the quotes exist as supposedly originating with the person. They both represent either the work of an important person, OR the persona someone was trying to build of a non-existent but important person.

It is irrelevant whether that is his real name, or even if the person actually existed. The name is now a 'key' to a section of important historical events. It must be retained as a Wiki page, as a placeholder for everything that is known about the person. There are bound to be further revelations. Even if it turns out the name was a pseudonym for (say) an NSA psyops team tasked with poisoning the concept of virtual currencies, the page should still remain (with all the evidence.) Or, the person may turn up sometime. Or remain forever a mystery. Makes no difference to whether the page should be deleted or retained.

Historical revisionists - should all be shot. And the photos published.

Edit. Well, Wiki didn't waste any time scrubbing that page. "The result was merge to Bitcoin. Black Kite (t) (c) 00:31, 24 June 2011 (UTC)" Surge of 'strong keep' posts ignored.

Lets see...  The name 'Karpeles' apparently of Hebrew roots. Karpeles runs premier Bitcoin exchange/bank MtGox. (So funny!) Karpeles implicated in funny business involving huge amounts of bitcoins. If Satoshi's name reflects his origin, it's pretty unlikely he's from the same roots as Karpeles. Satoshi has disappeared, which may or may not be very useful to Karpeles. Someone mined a _lot_ of bitcoins back on 2009, then never touched them till just before the MtGox hack/crash. Current Bitcoin operators apparently depreciating Satoshi. Wikipedia allegedly controlled by Zionists. Wiki debate over removal of Satoshi wiki page proceeds like lightning.

Is there a pattern to these details?

I have a vehement anti-IP position, but not the time to explain just now, sorry. Maybe later. It's based on fundamental properties of the universe (the nature of matter, energy and data) as well as long term social benefits.

If you feel like a read, here's an SF short story I wrote last year. It isn't primarily IP-rights related but does touch on that issue briefly.
  http://everist.org/texts/Fermis_Urbex_Paradox.txt

Oh, and yeah. Absolutely THE solution to the Fermi Paradox. Seriously. For anyone who cares about such things.


Ah, the unexpected things one comes across while dipping in and out to clock up login time before _really_ being allowed to post.

Now, I must back to work.

Bwahahaha! Wait till you discover that it also takes 4 hours online.
I just found out that somehow, browser logged-in but minimized time doesn't seem to count. Efing....

Someone is going to suffer for this.

Bitcoin. Bringing hackers, naive users and serious money together, since 2011

What could possibly go wrong?

Still trying to get my head around all this. But it seems like the philosophy of trying to maintain perpetual traceability of all bitcoin transactions must imply an evr-growing body of data. Doesn't matter that the records are encrypted to prevent falsification of the records, they still have to get bigger forever.

Can it really be true that these ever-growing records must be constantly processed to maintain the system?
This seems unworkable in the long run to me.

Here's another problem:
Quoting from http://forum.bitcoin.org/index.php?topic=7269.0[/url
New to BitCoin? Start here!

"In conclusion:  All this mathematical technology may be a bit of a mouthful, but what it means in practice is that BitCoin works just like cash.  Bitcoin transactions are intentionally irreversible--unlike credit cards or PayPal where chargebacks  can invalidate a payment that has already been made.  And there are no middlemen.  Transactions are completed directly between the sender and the receiver via the peer to peer network."

Well apparently that is all flat out untrue. If MtGox can 'roll back' a series of transactions they don't like, then clearly Bitcoin transactions ARE reversible. Which also means Bitcoins do not 'work just like cash'. Also that MtGox ARE acting as a middleman, with all that implies.
The reasons MtGox decided to rollback are irrelevant. Sure, they were hacked and 500K bitcoins sold into the market by someone who didn't own them. Doesn't make any difference, MtGox is still doing something that was supposed to be impossible, and so one has to wonder. What _else_ is untrue in the theory of Bitcoin?

Another newbie, thumb twiddling till his online time ticks over to 'not-newbie'.

So this should be posted elsewhere, but what the hell, don't blame me.

Quoting from http://forum.bitcoin.org/index.php?topic=7269.0[/url
New to BitCoin? Start here!

"In conclusion:  All this mathematical technology may be a bit of a mouthful, but what it means in practice is that BitCoin works just like cash.  Bitcoin transactions are intentionally irreversible--unlike credit cards or PayPal where chargebacks  can invalidate a payment that has already been made.  And there are no middlemen.  Transactions are completed directly between the sender and the receiver via the peer to peer network."

Well apparently that is all flat out untrue. If MtGox can 'roll back' a series of transactions they don't like, then clearly Bitcoin transactions ARE reversible. Which also means Bitcoins do not 'work just like cash'. Also that MtGox ARE acting as a middleman, with all that implies.
The reasons MtGox decided to rollback are irrelevant. Sure, they were hacked and 500K bitcoins sold into the market by someone who didn't own them. Doesn't make any difference, MtGox is still doing something that was supposed to be impossible, and so one has to wonder. What _else_ is untrue in the theory of Bitcoin?

echo

Is there some obvious detail that proves the account with 500K btc that got hacked and flash-sold, didn't belong to MtGox?

Someone who had recently hacked into MtGox, stolen user lists etc, might well have noticed such an account. Having already demonstrated hostility to MtGox, and maybe figuring there was no way they could outright steal the 500K btc and get away with it, couldn't they have decided to make MtGox 'shoot themselves in the head' by flash-selling their own bitcoin hoard?

Would certainly explain MtGox's quick response to rollback. They want _their_ money back.

(I'm new here, sorry if that scenario is unworkable due to some detail I'm not aware of.)

Wait, what? A virtual monetary system in which the data volume that must be processed to maintain system functionality grows perpetually?

Seriously?

I'm new here, so I expect I'm missing some stupid detail which shows it isn't so. Hopefully. Because otherwise the entire scheme is insane.

Hello all, TerraHertz here. Eating my words (elsewhere) of just a couple of days ago, about how I'd stay out of Bitcoin due to thinking the entire thing is probably a government-run sting operation, intended to cause mucho pain to any who dare thumb their noses at Uncle Sam's worthless and soon to be hyperinflating paper.
See http://news.ycombinator.com/item?id=2612470 and  http://www.zgeek.com/content.php/7879-Alleged-500-000US-in-Bitcoins-stolen#new_comment

But then... the $500,000US in Bitcoins theft, MtGox flash crash, MtGox 'rollback' and all the arguing. Which make it clear that even though Bitcoin is probably going to be a very painful lesson to many, it's also going to be EXTREMELY ENTERTAINING in the process.
So... here I am running in the newbie mouse wheel. Heck, I may even put some money into this fun game.

TWO!

One more - posting here for 'newbie post-count mouse wheel running'. Hello everyone. First post here, one of um... five that won't say much. Came here via a link to the "I'm Kevin, and I bought 250K btc" thread. Blah blah blah, can I post for real now huh? Are we there yet?

No. Guess not. Damned spammers. Oh NOW look what you've made me do.