WingNews logo WingNews
top | item 11610091

(no title)

dataker | 9 years ago

That's an interesting position.

The question is: why creating this hoax in the first place? If anything, the price of bitcoin has been negatively impacted by this.

http://www.coindesk.com/price/

What would it be one's motivation behind this?

discuss

order

vintermann|9 years ago

Why would a ... let's call him a grey area entrepreneur - try to convince people he's sitting on lots of money? I can think of some reasons.

xorcist|9 years ago

"I have access to $440M. I just can't touch it until 2020."

Perhaps the oldest con ever. Hence the detailed previous story from him of placing all of Satoshi's stash in a trust.

cookiecaper|9 years ago

Let me put forth an alternate theory. Everyone is suggesting this is a scam for more money, which is undoubtedly the most likely explanation. However, I think an alternate explanation is that this may be a larger ploy to try to bait the real Satoshi out of hiding. Get him to say "No, that guy's a poser, it's really me." and while he's out, say "Hey man, what do you think about the blocksize?" This could explain Gavin's participation; pulling out all the stops to try to "save" bitcoin by getting founder-approval for a blocksize bump.

elif|9 years ago

I think the complete opposite would be true.

If there is an official narrative establishing a fake satoshi, the real satoshi would be over-joyed because this would basically ensure any further inquiry into his identity would be in the realm of conspiracy theory... leaving media unwilling to touch it.

exolymph|9 years ago

It's not literally impossible, but Occam's Razor slashes this theory to pieces.

stordoff|9 years ago

Even if that were the case, why would it reveal Satoshi? Even if the real Satoshi felt the need to step in, he wouldn't need to reveal himself or open up future communications - just post an anonymous message signed with a known key that states "I am not Craig Wright".

unimpressive|9 years ago

>If anything, the price of bitcoin has been negatively impacted by this.

Deliberately impacting the price of a good negatively is a great way to get it cheap and then sell it for more later.

mymosh|9 years ago

Fame, fortune from books, speaking fees, directorships at blockchain startups..