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by adrusi 3851 days ago
That's assuming they still have it. Perhaps the reason none of the bitcoin created in the genesis block has ever moved is because Satoshi thought there would be some value in having it be static and never expected bitcoin to have actual value.

They may have deleted that key.
2 comments
CyberDildonics 3851 days ago
That's a possibility, but if you read some of the early emails, Satoshi was at least theorizing the value of bitcoin if it was used as the world's only currency (I think to make sure there were enough units - which I believe are 54 bits, the mantissa of a 64 bit double). The recorded conversations seem to indicate that he knew exactly how much a more ideal form of money could be worth.

Then again, Satoshi might own a lot of btc that isn't wrapped up in the genesis blocks and he could have plenty of money to wait until bitcoin either dies or matures to the point where he doesn't have to expose himself as much by moving them.

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nickpsecurity 3851 days ago
It's going to be really funny if we find out he, too, tossed a HD full of Bitcoins in the trash thinking it was nothing. ;)
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joshstrange 3850 days ago
Yeah, I did this... I mined 100BTC Solo on my CPU right around the time it first came out. Then it wasn't even worth $1. Multiple formats/rebuilds later it's worth over $1K/btc (yes that was an artificially inflated price, I know). sigh I could be student-debt free but it wasn't worth it for me to hold on to at the time...
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nickpsecurity 3850 days ago
Man, that sucks. Sorry to hear it.
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joshstrange 3849 days ago
I always just tell myself I would have probably got excited and sold at $2/BTC or when it hovered around $8. Such is life, no use wondering what might have been.
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nickpsecurity 3849 days ago
I hear you and you might have so it's at least semi-true. My own loss was a triple HD failure that cost almost a TB of software, research papers, photos, everything. I have none of my prior work as an INFOSEC pro. Three in a month when I was too broke from recession to replace them. So I feel the pain. ;)

One time I told that story to a Marine who instantly went PTSD. First time I met someone with similarly messed up HD loss. He had his slim, external laying on a table in maybe Iraq. Another Marine, round in the chamber, casually dropped his M16 on the table as he came in. It fired a burst right into the HD, leaving it unrecoverable. I said, "Damn. I'm at a loss for words." So, you ain't the only one haha.

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joshstrange 3849 days ago
Yeah, at this point I keep massive replaceable data backed up locally and important "can't lose" in 1-2 clouds and locally
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