[ExI] Satoshi Nakamoto

Stathis Papaioannou stathisp at gmail.com
Sat May 4 20:36:00 UTC 2019

On Sat, 4 May 2019 at 10:31 pm, John Clark <johnkclark at gmail.com> wrote:

> On Fri, May 3, 2019 at 8:00 PM Stathis Papaioannou <stathisp at gmail.com>
> wrote:
> > *He would have other wallets with much smaller amounts of Bitcoin that
>> he could spend.*
> I think the only way that could be true would be if, as some people think,
> former Extromian List member Hal Finney was Satoshi Nakamoto. The reason
> Satoshi Nakamoto has so many Bitcoins is that he didn't have to mine them,
> the system was just designed at the start with him having them. The first
> person to actually mine Bitcoins, and the second name on the blockchain
> after Satoshi Nakamoto, was Hal Finney; after that if Satoshi wanted more
> bitcoins he'd have to mine them just like everybody else.
> But if Hal Finney was Satoshi Nakamoto why didn't he donate his Bitcoins
> to Alcor when he died in 2014? After all he knew he was dying and if he
> could trust Alcor to freeze his body you'd think he could trust them with
> his Bitcoins. And if Satoshi never had any intention of spending those
> Bitcoins why did he set it up that way? Maybe he got hit by a bus or
> something.

I think only the so-called genesis block of 50 Bitcoins was premined. In
any case, it was clear that Satoshi wanted to remain anonymous from the
start, and moving any coins from the original wallet would have compromised
that. But once the system was going he could easily have set up multiple
other wallets and started mining, and nothing would have connected those
wallets to the original wallet. The main reason to do this would be if he
thought that Bitcoin would one day be valuable.

Hal Finney said he would leave his Bitcoins to his heirs.


Stathis Papaioannou
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