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Showing 19 of 19 results by satoshyknew
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Board Bitcoin Discussion
Re: Tell me why Satoshi Nakamoto didn't spend a Satoshi from his 1 Mio BTC
by
satoshyknew
on 13/02/2020, 15:41:38 UTC
Re: Tell me why Satoshi Nakamoto didn't spend a Satoshi from his 1 Mio BTC

Did Satoshi think that quantum computers will exist? https://bitcointalk.org/index.php?topic=5172573.0
Satoshi did know about it. Quantum was a thing before year 2000. Don't tell me the man who created Bitcoin does not know what quantum is.
If we look at the history of quantum computers, it started around 1980's, so definitely, Satoshi have known and think about quantum computers because it is already existing and developing even before Bitcoin was created.
Why did he not move his early mined P2PK Bitcoins to quantum resistant P2PKH addresses?

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.

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:
Who will win the race and get the early coins?

Quantum computing or solving the "Satoshi Prize Competition".

Nobody can stop that race.
Post
Topic
Board Bitcoin Discussion
Re: Did Satoshi think that quantum computers will exist?
by
satoshyknew
on 23/01/2020, 14:47:38 UTC
Satoshi did know about it. Quantum was a thing before year 2000. Don't tell me the man who created Bitcoin does not know what quantum is.
If we look at the history of quantum computers, it started around 1980's, so definitely, Satoshi have known and think about quantum computers because it is already existing and developing even before Bitcoin was created.
Why did he not move his early mined P2PK Bitcoins to quantum resistant P2PKH addresses?

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.

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:
Who will win the race and get the early coins?

Quantum computing or solving the "Satoshi Prize Competition".

Nobody can stop that race.
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Did Satoshi think that quantum computers will exist?
by
satoshyknew
on 15/01/2020, 15:12:28 UTC
⭐ Merited by o_e_l_e_o (1)
If we look at the history of quantum computers, it started around 1980's, so definitely, Satoshi have known and think about quantum computers because it is already existing and developing even before Bitcoin was created.

And he did not move his early mined P2PK Bitcoins to quantum resistant P2PKH addresses.

I guess when quantum computing becomes a threat to bitcoin that all miners will move to it too..

They will move to quantum computing to get Satoshi's early mined coins. Satoshi knew it and knows it. He could stop it through transfering these coins to P2PKH addresses today, but didn't and doesn't. He supports the better technology.
Do you remember what happened when people developed ASICs? They moved from PC mining to ASIC mining as it was better.
Bitcoin is a pure competition platform where the better devices win and Satoshi rewards the first quantum computer owners with his early mined coins.
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Topic
Board Bitcoin Discussion
Re: Did Satoshi think that quantum computers will exist?
by
satoshyknew
on 20/12/2019, 15:28:11 UTC
4 Million Bitcoins Worth $40 Billion in Danger from Quantum Attacks
https://cryptonewspipe.com/4-million-bitcoins-worth-40-billion-in-danger-from-quantum-attacks/
https://bitcoinist.com/bitcoin-worth-usd-40-billion-vulnerable-to-quantum-attacks/
'How can BTC be Protected from Quantum Computers? Simply put, p2pkh addresses that were not previously used for spending Bitcoin should be perfectly safe. Their public keys were not revealed to the public, meaning that not even quantum computers can use them to derive a private key. All that people need to do is transfer their BTC to a new p2pkh address, and their funds should be perfectly safe.'

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.

Nobody is asking why he is not moving the early mined unmoved P2PK coins:
These early mined unmoved P2PK coins are intented for an unofficial prize competition
https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
https://bitcointalk.org/index.php?topic=175996.0

But Satoshi had mined more than the above mentioned coins. He had several computers to mine and his own coins are unknown. Some say these coins decrease the total number of coins as they can't be used. But in 2009 we had an agreement that the supply limit is 21 million BTC and that limit won't be changed. They will become active and all coins will be used.
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Re: Maybe Satoshi created the greatest prize competition
by
satoshyknew
on 29/11/2019, 16:41:53 UTC
Satoshi knew all this. He has been testing Bitcoin for two years before we could use it.

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.

He knew that a HDD can fail, and all other forms of privatekey storage can be useless for some reason. That is why he put the privatekeys of his early mined coins somehow into the blockchain. All these coins are P2PK addresses and he did not transfer them to P2PKH addresses although they are more secure. (quantum resistant)

SHA256 is not going to be broken by Moore's law computational improvements in our lifetimes.

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.

Indeed, there are people out there, who are trying to solve this and hopefully someone will be able to move the first coins.

Open letter/question to Satoshi https://bitcointalk.org/index.php?topic=5159185.0;all
Maybe Satoshi created the greatest prize competition https://bitcointalk.org/index.php?topic=5150688.0

December 2015 a Bitcointalk member discovered a puzzle transaction while playing around with his bot:
https://bitcointalk.org/index.php?topic=1306983.msg13381244#msg13381244
At that time nobody declared such a puzzle transaction which was created January 2015 until the creator of that competition came out 2 years later:
https://bitcointalk.org/index.php?topic=1306983.msg18765941#msg18765941
As of 01/10/2019 there are still more than 100 BTC to win. https://bitcointalk.org/index.php?topic=5166284.0

We think that the early mined coins of Satoshi are also a prize competition and that Satoshi is waiting this coins to be moved. We also think that he will not respond after somebody moves the first coins but it will be a message to the Bitcoin community that the private keys are somehow on the blockchain. If Satoshi disagreed with that conclusion he would have moved the coins to other addresses.

Satoshi could move some of these coins and and show how the privatekeys were implemented into the blockchain. This is the only possibility to prove that he is the real Satoshi as nobody else could know it. Even if someone else finds a privatekey (or a bunch of eg 10 privatekeys) of these coins, this person can't show another one. But the real Satoshi can, as he knows for all these coins the solution. But he will not, he is waiting that someone finds it and moves the first coins, others will follow.

One day these posts will become very valuable. They are like Bitcoin in 2009.
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Topic
Board Bitcoin Discussion
Re: It is impossible to proof that somebody is Satoshi.
by
satoshyknew
on 29/11/2019, 16:32:06 UTC
What else should we base on who the real Satoshi Nakamoto is?
There is almost no way to prove who he is unless he wants to be revealed.

As I wrote, Satoshi knew all this.

December 2015 a Bitcointalk member discovered a puzzle transaction while playing around with his bot:
https://bitcointalk.org/index.php?topic=1306983.msg13381244#msg13381244
At that time nobody declared such a puzzle transaction which was created January 2015 until the creator of that competition came out 2 years later:
https://bitcointalk.org/index.php?topic=1306983.msg18765941#msg18765941
As of 01/10/2019 there are still more than 100 BTC to win. https://bitcointalk.org/index.php?topic=5166284.0

We think that the early mined coins of Satoshi are also a prize competition and that Satoshi is waiting this coins to be moved. We also think that he will not respond after somebody moves the first coins but it will be a message to the Bitcoin community that the private keys are somehow on the blockchain. If Satoshi disagreed with that conclusion he would have moved the coins to other addresses.

Satoshi could move some of these coins and and show how the privatekeys were implemented into the blockchain. This is the only possibility to prove that he is the real Satoshi as nobody else could know it. Even if someone else finds a privatekey (or a bunch of eg 10 privatekeys) of these coins, this person can't show another one. But the real Satoshi can, as he knows for all these coins the solution. But he will not, he is waiting that someone finds it and moves the first coins, others will follow.

If it is necessary, he can show how the privatekeys were implemented into the blockchain and prove that he is the real Satoshi. But he will not, he is waiting that someone finds it and moves the first coins, others will follow.
Post
Topic
Board Bitcoin Discussion
Re: It is impossible to proof that somebody is Satoshi.
by
satoshyknew
on 29/11/2019, 15:16:58 UTC
Satoshi knew all this. He has been testing Bitcoin for two years before we could use it.

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.

He knew that a HDD can fail, and all other forms of privatekey storage can be useless for some reason. That is why he put the privatekeys of his early mined coins somehow into the blockchain. All these coins are P2PK addresses and he did not transfer them to P2PKH addresses although they are more secure. (quantum resistant)

SHA256 is not going to be broken by Moore's law computational improvements in our lifetimes.

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.

Indeed, there are people out there, who are trying to solve this and hopefully someone will be able to move the first coins.

Open letter/question to Satoshi https://bitcointalk.org/index.php?topic=5159185.0;all
Maybe Satoshi created the greatest prize competition https://bitcointalk.org/index.php?topic=5150688.0

December 2015 a Bitcointalk member discovered a puzzle transaction while playing around with his bot:
https://bitcointalk.org/index.php?topic=1306983.msg13381244#msg13381244
At that time nobody declared such a puzzle transaction which was created January 2015 until the creator of that competition came out 2 years later:
https://bitcointalk.org/index.php?topic=1306983.msg18765941#msg18765941
As of 01/10/2019 there are still more than 100 BTC to win. https://bitcointalk.org/index.php?topic=5166284.0

We think that the early mined coins of Satoshi are also a prize competition and that Satoshi is waiting this coins to be moved. We also think that he will not respond after somebody moves the first coins but it will be a message to the Bitcoin community that the private keys are somehow on the blockchain. If Satoshi disagreed with that conclusion he would have moved the coins to other addresses.

Satoshi could move some of these coins and and show how the privatekeys were implemented into the blockchain. This is the only possibility to prove that he is the real Satoshi as nobody else could know it. Even if someone else finds a privatekey (or a bunch of eg 10 privatekeys) of these coins, this person can't show another one. But the real Satoshi can, as he knows for all these coins the solution. But he will not, he is waiting that someone finds it and moves the first coins, others will follow.
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.
Post
Topic
Board Off-topic
Re: Maybe Satoshi created the greatest prize competition
by
satoshyknew
on 28/10/2019, 14:35:50 UTC
Hi,

All below addresses were emptied this year. Most of them in Sept. 2019. Around 2982 BTC in 21 addresses.
All addresses were first used in 2011, and dormant until now.
BCH is still there except 1 address.

No spending transactions on them so the public key was not known.
The owner he suddenly remembered after 8 years that he had some BTC?

12CpK8apTJfaMSiPYhGMDdaRRFYoS721Px
13GUJutC6GKgJQTcGzCtznDDYFQKVJFVwp
13Sa73PU9Ar5sE4SdFcBdbg9ntbNcMQhaA
14k4GhqA1svNZPbssdAjgdnfzWTpAigZVH
14nppk7sMVv91n1Nch6DQKaFto3wVmh8yT
16KVwFVDfU3DKrvnGGSM7hsGp3MnvHczuB
17tXBRCQzQz87zYetp3wwJRms4fcWN4a8v
18ws2qaW2xBRWGCmfjnDiDHa55A5iSJogP
18xEu7DB8u58ivNa3VwEFeEc4ZbjtMVtPD
19w2MURRz5LsjNHCckmp65YX4WCc7kJdJF
1APGxVLKXhXepeaAjV6z3s4d7xCYXXDwmj
1Aw7mXtLMDjTBNcaqjv6cT935BEQQr5vRF
1B3m4F831f9u6ySnpYbUwgriJAgS3tuso5
1BpqxJp2LEban4mJou5rDHYmzA9eTwKbXY
1CbvcQXEYrqXqbBczHL8to3xeVZ3EsgrhH
1DKwr32h5F6uuUmePdT7esZ21AfK7ovASK
1FRtwC64bWcMb7RGBcwLJTup6tYrCMs9ge
1HQT2UZEK4i3yHnYbVTaXNccgnM45th94f
1MtUY5R3xixWfthqrprVPWMMTwR5A7GU2x
1nYrmtXVjX9G3Q86tdKcKQRCq2MPVvNp9

What are your opinions?

Maybe someone solved a puzzle.

Re: Bitcoin treasure https://bitcointalk.org/index.php?topic=5146858.0
1W7yh46qNUqw3RhyWzRVHjuJnHWpQqy7W
13AJqcp7GJRmAEePJqZHJCZLsXPSZuPzn9
13DCZ3sj6gVFVymdTd1mjz3BZZ5g1CQgbr
15JiPJoFoqoBTMcGDWahv5CjxYgdt1msDM
16kG6iyB3oGchcxXJccjjSmtdqBeRsDgio
17RsqLeP4XVT95htFoT9iWu7C4vAZw2FoW
19g8gf31otseCiYcdXPBh2qGEjrpEpqaoe
1A1hm4i1NbGLDFjp6sRMC6NoxZdQeSfD36
1BNVEnRmCbdP5QbuPySTHkznoSMMnkbvG6
1CFjxrYr8PkZoLgnHoAy1pRvg1WwvhuPVL
1DJfq3Nw1xjrrBVHGT3V1ZGxPBHVnJfivC
1EYyYeWSKGriPUK8juC9ubDQzKQUEpJfe7
1GTEootnGUPVw1M77QAQgm32iV7vq2aKJL
1GsaJu5LxJWKJumfiYmmJx28czQ11fXaeK
1Hcbg5k8kbmzcih3Xbzob9RhDZ3QcyfY3i
1JugDKUGpcKztsEfJroMESH92VA134sLSL
1L8YfeDDdY12mcM8j7XmoXGNsv5a8JoMVh
1Li8RFUotXHJPNazCM8HAfnkxKcrKXXpiH
1N1rBm39bTiLyXnW7jkQxxnfBmHC4SZdMV
1NUoeQnBB9QeAigU4r8iApsd4b4iiRpN6V
Post
Topic
Board Bitcoin Discussion
Re: dormant addresses are waking up?
by
satoshyknew
on 28/10/2019, 14:17:44 UTC
Hi,

All below addresses were emptied this year. Most of them in Sept. 2019. Around 2982 BTC in 21 addresses.
All addresses were first used in 2011, and dormant until now.
BCH is still there except 1 address.

No spending transactions on them so the public key was not known.
The owner he suddenly remembered after 8 years that he had some BTC?

12CpK8apTJfaMSiPYhGMDdaRRFYoS721Px
13GUJutC6GKgJQTcGzCtznDDYFQKVJFVwp
13Sa73PU9Ar5sE4SdFcBdbg9ntbNcMQhaA
14k4GhqA1svNZPbssdAjgdnfzWTpAigZVH
14nppk7sMVv91n1Nch6DQKaFto3wVmh8yT
16KVwFVDfU3DKrvnGGSM7hsGp3MnvHczuB
17tXBRCQzQz87zYetp3wwJRms4fcWN4a8v
18ws2qaW2xBRWGCmfjnDiDHa55A5iSJogP
18xEu7DB8u58ivNa3VwEFeEc4ZbjtMVtPD
19w2MURRz5LsjNHCckmp65YX4WCc7kJdJF
1APGxVLKXhXepeaAjV6z3s4d7xCYXXDwmj
1Aw7mXtLMDjTBNcaqjv6cT935BEQQr5vRF
1B3m4F831f9u6ySnpYbUwgriJAgS3tuso5
1BpqxJp2LEban4mJou5rDHYmzA9eTwKbXY
1CbvcQXEYrqXqbBczHL8to3xeVZ3EsgrhH
1DKwr32h5F6uuUmePdT7esZ21AfK7ovASK
1FRtwC64bWcMb7RGBcwLJTup6tYrCMs9ge
1HQT2UZEK4i3yHnYbVTaXNccgnM45th94f
1MtUY5R3xixWfthqrprVPWMMTwR5A7GU2x
1nYrmtXVjX9G3Q86tdKcKQRCq2MPVvNp9

What are your opinions?

Maybe someone solved a puzzle.

Re: Bitcoin treasure https://bitcointalk.org/index.php?topic=5146858.0
1W7yh46qNUqw3RhyWzRVHjuJnHWpQqy7W
13AJqcp7GJRmAEePJqZHJCZLsXPSZuPzn9
13DCZ3sj6gVFVymdTd1mjz3BZZ5g1CQgbr
15JiPJoFoqoBTMcGDWahv5CjxYgdt1msDM
16kG6iyB3oGchcxXJccjjSmtdqBeRsDgio
17RsqLeP4XVT95htFoT9iWu7C4vAZw2FoW
19g8gf31otseCiYcdXPBh2qGEjrpEpqaoe
1A1hm4i1NbGLDFjp6sRMC6NoxZdQeSfD36
1BNVEnRmCbdP5QbuPySTHkznoSMMnkbvG6
1CFjxrYr8PkZoLgnHoAy1pRvg1WwvhuPVL
1DJfq3Nw1xjrrBVHGT3V1ZGxPBHVnJfivC
1EYyYeWSKGriPUK8juC9ubDQzKQUEpJfe7
1GTEootnGUPVw1M77QAQgm32iV7vq2aKJL
1GsaJu5LxJWKJumfiYmmJx28czQ11fXaeK
1Hcbg5k8kbmzcih3Xbzob9RhDZ3QcyfY3i
1JugDKUGpcKztsEfJroMESH92VA134sLSL
1L8YfeDDdY12mcM8j7XmoXGNsv5a8JoMVh
1Li8RFUotXHJPNazCM8HAfnkxKcrKXXpiH
1N1rBm39bTiLyXnW7jkQxxnfBmHC4SZdMV
1NUoeQnBB9QeAigU4r8iApsd4b4iiRpN6V

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.
Post
Topic
Board Development & Technical Discussion
Re: Game theory involving Quantum Resistance protocol
by
satoshyknew
on 23/10/2019, 14:29:04 UTC
"We will know when quantum computers exist when Satoshi’s coins move." https://marketrebellion.com/why-quantum-computing-is-not-a-threat-to-bitcoin/

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.

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

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.
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.
Post
Topic
Board Bitcoin Discussion
Re: Did Satoshi think that quantum computers will exist?
by
satoshyknew
on 23/10/2019, 14:20:05 UTC
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.
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.
Post
Topic
Board Bitcoin Discussion
Re: Satoshi's Fortune lower bound is 100M USD(DEBATE GOING ON, DO NOT TWEET!)
by
satoshyknew
on 16/10/2019, 15:20:08 UTC
Sergio, maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain and that each 'black branch' in the picture of your wonderful work https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ represents one solution.
https://bitcointalk.org/index.php?topic=5150688.0
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Re: Did Satoshi think that quantum computers will exist?
by
satoshyknew
on 16/10/2019, 14:54:58 UTC
* 100% sure that it is a prize competition
* 100% sure that you can solve it only with the blockchain
* still trying to solve it
* one day someone will solve it

Sergio says that the slope in the picture (This is Satoshi) https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ is caused by restarting the application to mine (wallet) but it is possible that each 'black branch' represents one solution. That would avoid that only one winner gets the whole coins.

Yes, for sure Satoshi is one of the genius people

He would try to distribute the prize but let it still huge.
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Re: Maybe Satoshi created the greatest prize competition
by
satoshyknew
on 16/10/2019, 14:48:03 UTC
* 100% sure that it is a prize competition
* 100% sure that you can solve it only with the blockchain
* still trying to solve it
* one day someone will solve it

Sergio says that the slope in the picture (This is Satoshi) https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ is caused by restarting the application to mine (wallet) but it is possible that each 'black branch' represents one solution. That would avoid that only one winner gets the whole coins.
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Re: Maybe Satoshi created the greatest prize competition
by
satoshyknew
on 15/10/2019, 14:40:32 UTC
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.

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:
Who will win the race and get the early coins?

Quantum computing or solving the "Satoshi Prize Competition".

Nobody can stop that race.

Nobody is asking why he is not moving the early mined unmoved P2PK coins:
These early mined unmoved P2PK coins are intented for an unofficial prize competition
https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
https://bitcointalk.org/index.php?topic=175996.0

But he had other computers to mine and his own coins are unknown (P2PKH or P2PK not included in the above mentioned coins)
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Re: Did Satoshi think that quantum computers will exist?
by
satoshyknew
on 15/10/2019, 14:08:06 UTC
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.

Nobody is asking why he is not moving the early mined unmoved P2PK coins:
These early mined unmoved P2PK coins are intented for an unofficial prize competition
https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
https://bitcointalk.org/index.php?topic=175996.0

But he had other computers to mine and his own coins are unknown (P2PKH or P2PK not included in the above mentioned coins)
Post
Topic
Board Bitcoin Discussion
Re: Did Satoshi think that quantum computers will exist?
by
satoshyknew
on 15/10/2019, 13:38:12 UTC
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.

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:
Who will win the race and get the early coins?

Quantum computing or solving the "Satoshi Prize Competition".

Nobody can stop that race.