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And about his Hard drive?
The privatekeys are somehow within the blockchain. So you don't need a hard drive or another storage. As long as the blockchain exists you have access to the keys.
It is, but, you need to know it in order to access you wallet address if you are accessing your wallet on another device.
Maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain.
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:
Nobody can stop that race.
The only question is:
Who will win the race and get the early coins?
Quantum computing or solving the "Satoshi Prize Competition".
Quantum computing or solving the "Satoshi Prize Competition".
Nobody can stop that race.
And about his Hard drive?
The privatekeys are somehow within the blockchain. So you don't need a hard drive or another storage. As long as the blockchain exists you have access to the keys.
It is, but, you need to know it in order to access you wallet address if you are accessing your wallet on another device.
Maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain.
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:
Nobody can stop that race.
The only question is:
Who will win the race and get the early coins?
Quantum computing or solving the "Satoshi Prize Competition".
Quantum computing or solving the "Satoshi Prize Competition".
Nobody can stop that race.
Satoshi may be the creator of future technologies and currencies, but he is not a prophet, so he will not be able to know the quantum computer creates. But Satoshi has created a new world when adventurers can find their treasure when deciphering Blockchains, which is the best thing for many people.
Maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain.
https://bitcointalk.org/index.php?topic=5150688.0For reference, there are some promising candidate for quantum resistant cryptography signature, such as :
1. Lamport Signature
2. Lattice-based Cryptography
3. Multivariate-based cryptography
1. Lamport Signature
2. Lattice-based Cryptography
3. Multivariate-based cryptography
These would be temporary solutions. Therefore they are developing new cryptos.
Postquantum, nobody will be able to prove that he/she/they was/were the owner/s in the old system, because everyone will be able to reproduce the privatekeys of old blockchains.
We will have a quantum secure network.
We will have a quantum secure network.
This will be the new beginning.
edited
Re: I don't believe Quantum Computing will ever threaten Bitcoin
For reference, there are some promising candidate for quantum resistant cryptography signature, such as :
1. Lamport Signature
2. Lattice-based Cryptography
3. Multivariate-based cryptography
1. Lamport Signature
2. Lattice-based Cryptography
3. Multivariate-based cryptography
These would be temporary solutions. Therefore they are developing new cryptos.
Postquantum, nobody will be able to prove that he/she/they was/were the owner/s in the old system, because everyone will be able to reproduce the privatekeys of old blockchains.
We will have a quantum secure network.
We will have a quantum secure network.
This will be the new beginning.
edited
I think you are applying "old" names to new concepts. Fracking is the process of injecting liquid at high pressure into subterranean rocks, boreholes, etc. so as to force open existing fissures and extract oil or gas. Source : https://dictionary.cambridge.org/dictionary/english/fracking
Satoshi used Mininghttps://dictionary.cambridge.org/dictionary/english/mining
No matter how slow they are at least they are having some progress
Then, when the first "shalecoins" are being moved, the cryptocommunity will discuss different topics: quantum secure addresses., if they succeed with this,
They will., correct me If I'm wrong they will have an opportunity to get the people's cryptocurrencies. right?
No, the first group will try to get the 'shalecoins', they have no owners. How do they know this? Nobody can, but if you move your coins to another address, they will know that there is an owner.They could move coins from addresses with owner, but they will not. It would disturb the Bitcoin ecosystem and also the value of their coins.
Postquantum, nobody will be able to prove that he/she/they was/were the owner/s in the old system, because everyone will be able to reproduce the privatekeys.
We will have a quantum secure network.
This will be the new beginning.
Re: Satoshi Nakamoto Apparent Author of Two Upcoming Books on Amazon
As a special bonus, the book also includes intriguing clues about a cache of priceless Bitcoin treasure which Nakamoto is rumored to have "buried" online.
https://www.booksamillion.com/p/Official-Bitcoin-Coloring-Book/Satoshi-Nakamoto/9781945652011
Maybe Satoshi created the greatest prize competition
https://bitcointalk.org/index.php?topic=5150688.0
https://www.booksamillion.com/p/Official-Bitcoin-Coloring-Book/Satoshi-Nakamoto/9781945652011
Maybe Satoshi created the greatest prize competition
https://bitcointalk.org/index.php?topic=5150688.0
Satoshi Nakamoto Apparent Author of Two Upcoming Books on Amazon
https://bitcointalk.org/index.php?topic=5156928.0
As a special bonus, the book also includes intriguing clues about a cache of priceless Bitcoin treasure which Nakamoto is rumored to have "buried" online.
https://www.booksamillion.com/p/Official-Bitcoin-Coloring-Book/Satoshi-Nakamoto/9781945652011
https://bitcointalk.org/index.php?topic=5156928.0
As a special bonus, the book also includes intriguing clues about a cache of priceless Bitcoin treasure which Nakamoto is rumored to have "buried" online.
https://www.booksamillion.com/p/Official-Bitcoin-Coloring-Book/Satoshi-Nakamoto/9781945652011
in 2010 they were talking about lost coins and satoshi said
The real meaning behind it would be that the lost coins will reduce the total number of coins available in the market and with very less coins in the market the demand increases and thereby the price, it is during the initial phase when it has no valuation and even Satoshi might not have expected the market to reach a billion valuation in a very short period of time and if he had those ideas i am sure the genesis coins will not be stuck like that. Quote
Think of it as a donation to everyone.
Satoshi thought quantum will never exist?
Quote
I think it's fair to say that Bitcoin as it exists today is not quantum secure, period.
Pieter Wuille https://twitter.com/jb55/status/1133533068197675010
Pieter Wuille https://twitter.com/jb55/status/1133533068197675010
Quote from Acidyo https://bitcointalk.org/index.php?topic=109.0 Re: Saying hello, and have a few questions
Quote
Quote from: seriouscoin on February 14, 2014, 11:19:27 AM
Imagine in the future if btc would hit 100.000$, people are gonna start teaming up to hunt these lost address down and try to access them.
Actually, why haven't they already started?
Quote
Quote from: Acidyo on February 14, 2014, 11:15:30 AM
As Satoshi said it himself..... lost coins are like donated coins..... to EVERYONE. So i dont mind lost coins at all.... i wish half of that 12 millions are lost.... Cheesy
Quote
Quote from: seriouscoin on February 14, 2014, 11:13:17 AM
Ouch. This was like one of the first old posts address I followed and already so much btc lost. I wonder how much of the 12 mil that are out there now are still in circulation and accessible.
Quote
Quote from: Acidyo on February 14, 2014, 11:11:20 AM
most likely lost
Quote
It's kind of funny to read these old posts and see how people threw bitcoins at eachother. lol Smiley
If you google OP's address there are several addresses with 100btc that have remained untouched since 2011.
If you google OP's address there are several addresses with 100btc that have remained untouched since 2011.
most likely lost
Ouch. This was like one of the first old posts address I followed and already so much btc lost. I wonder how much of the 12 mil that are out there now are still in circulation and accessible.
As Satoshi said it himself..... lost coins are like donated coins..... to EVERYONE. So i dont mind lost coins at all.... i wish half of that 12 millions are lost.... Cheesy
Imagine in the future if btc would hit 100.000$, people are gonna start teaming up to hunt these lost address down and try to access them.
Actually, why haven't they already started?
⭐ Merited by OgNasty (1)
in 2010 they were talking about lost coins and satoshi said
Quote
Think of it as a donation to everyone.
https://bitcointalk.org/index.php?topic=198.0