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191 points aorloff | 5 comments | | HN request time: 0.86s | source
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mattlondon ◴[] No.44467062[source]
Maybe that guy who was digging up a landfill to find his old HDD finally found it!

Seriously though, what are the odds that someone has been quietly spending 10s/100s of millions in cloud compute to brute force the keys for old wallets?

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throw310822 ◴[] No.44467396[source]
> what are the odds that someone has been quietly spending 10s/100s of millions in cloud compute to brute force the keys for old wallets?

Even if that were possible, you could brute force one wallet. Not eight wallets closely related to each other.

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Scoundreller ◴[] No.44468059[source]
Keys created with an RNG that turned out to be a little too predictable?

Or some other flaw found in a wallet’s key generation?

Kinda like what happened here: https://news.ycombinator.com/item?id=6195493

(Or exactly that but nobody tried to attack this again with moar power?)

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pyman ◴[] No.44468461[source]
One of my students believes Elon Musk and Peter Thiel created Bitcoin. Here's the summary of the 5 page doc he presented:

In 2000, according to Peter Thiel, he met with the E-Gold team in Anguilla.

Around 2001, Elon and Peter were at PayPal, and they had plans to build a similar digital currency.

In 2002, PayPal was sold, and that pretty much ended the digital currency plan. Instead, PayPal let users link their bank accounts and cards to make payments. This created a bigger dependency on banks.

By 2004, there were over a million E‑Gold accounts. Banks weren’t happy about it. Meanwhile, Elon and Peter understood exactly how much potential this new kind of digital currency had.

In 2007, the banks took the founders of E-Gold to court for running an unlicensed money‑transmitting business. That same year, the E-Gold engineers were out of work.

Bitcoin was invented in 2008, the same year Elon was broke and busy trying to save both SpaceX and Tesla from going bankrupt.

His theory is that Elon and Peter hired the smartest engineers from the E-Gold team and asked them to build blockchain so they could create their own version of E-Gold. The team worked on Bitcoin from 2007 to 2010 under the alias of Nakamoto.

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1. bbarnett ◴[] No.44470754[source]
Any team involved would have long ago spilled the beans.

Conspiracies are impossible to maintain, once more than one or two people are involved.

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2. kragen ◴[] No.44471476[source]
Except for the secrecy of Colossus, Crypto AG, the 9/11 hijackings, Bill Cosby drugging and raping dozens of women, Peter Thiel funding lawsuits against Gawker, the Manhattan Project, the CIA-funded coup against Mossadegh, Stuxnet, the Five Families, most of what the NSA does, the Stealth Bomber, and so on.

Almost all of those remained secret longer than the 17 years we're talking about here, and due to selection bias, I am forced to omit the much more successfully kept secrets, because I don't know about them yet.

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3. franktankbank ◴[] No.44473518[source]
This is the dumbest idea I ever hear smart people say.
4. bbarnett ◴[] No.44474166[source]
The selection bias, is discounting the endless conspiracies exposed daily.

People go to jail, are caught out, fired, relationships break up, governments fall, because conspiracies of even a few people fall apart. It's a regular thing.

You're mentioning some things, of which some were known during the time. The FBI had reports of the 9/11 hijackers, Bill Cosby was known by many but the women were paid off with cash or jobs (until they rightfully went public), and things such as the CIA and the Manhattan project are laced with highly patriotic people, and the death penalty or life in jail, along with people sequestered and watched by immense security.

Secrets are very difficult to keep.

The things you think of were enormously unusual in that they were kept.

They were the exception to the rule.

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5. kragen ◴[] No.44475208{3}[source]
Very plausibly the identity of Satoshi is already known to more people than Cosby's rapes or the 9/11 hijacking plans, before everybody knew about them. The hijacking plans weren't even well-known inside the FBI! And it's also very plausible that the people involved in Bitcoin were either strongly idealistic, facing death penalties for disclosure (for example, if they work for the Mossad), or both.

I agree with your weakened claim that secrets are very difficult to keep, but much of modern society is built on institutions that are very good at keeping them: armies, intelligence agencies, and even companies with trade secrets.

I agree that Satoshi was probably just one or two people, and the difficulty in keeping secrets with more than a few people is one of my reasons for that. But you said it was impossible, not difficult, which is much too extreme to be justifiable.

(I think it's about 50% likely that it's one of a couple of dozen people I've met personally, but I wouldn't be able to convince anyone else. So you might be talking to one of the people in the position of Bill Cosby's friends before the news came out.)