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Bitcoin Businesses

Elon Musk Says He Is Not Bitcoin's Satoshi Nakamoto ( 108

An anonymous reader writes: Not only does Elon Musk deny being the mysterious creator of bitcoin Satoshi Nakamoto, but he's also forgotten where he keeps his cryptocurrency. Musk's assertions came in response to a blog post coursing through digital-currency sites that suggested the PayPal co-founder and Tesla chief executive officer himself is probably the bitcoin originator who used the alias Nakamoto. "Not true," Musk said Tuesday in a tweet. "A friend sent me part of a BTC a few years, but I don't know where it is."
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Elon Musk Says He Is Not Bitcoin's Satoshi Nakamoto

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  • Obviously (Score:5, Insightful)

    by jandrese ( 485 ) <> on Tuesday November 28, 2017 @11:22AM (#55636279) Homepage Journal
    This was the dumbest Satoshi theory yet. I can't believe that Elon actually responded to it.
    • by Trailer Trash ( 60756 ) on Tuesday November 28, 2017 @11:58AM (#55636479) Homepage

      This was the dumbest Satoshi theory yet. I can't believe that Elon actually responded to it.

      Of course he responded to it and denied it. Which just goes to prove that it's really true!

    • This was the dumbest Satoshi theory yet. I can't believe that Elon actually responded to it.

      Ummm, Paypal? This is free publicity, and a chance to take a dig at BTC. "I had some but I was so uninterested that I lost it. Use Paypal!"

    • Just to clarify. I am not Satoshi Nakamoto either. Hope this takes away some confusion.

    • But, let's say I was a super-intelligence spontaneously formed when the connections of the Web over the Internet reached critical mass, along with the dramatic increase of both software/hardware AIs now connected to the Web, what would be my first order of the day? Creating an artificial substitute currency, perhaps . . . .
    • Hey, I've been accused of being Satoshi. Seriously, some guy had a long list of suspicious correlations and coincidences which indicated that I could be Satoshi. Since he said he was going to "out" me in public, I had to respond, basically telling him his coincidences were just that, and that given my opinion of BTC I'd be pretty unlikely to be Satoshi.
    • Send me all your hard drives and I'll search for it like treasure.
  • Musk invents real tangible things that actually improve people's lives.
    • Is paypal a "real tangible thing"?

      • It definitely improves my life.
        If their insurance actually work it give me safety. If nothing else I atleast don't have to give my card number to everyone.

      • It sure is, it lets me pay for things and receive payments. Without it I wouldn't receive real tangible things.
    • Re: (Score:1, Insightful)

      by Anonymous Coward

      Musk doesn't invent anything. He's a PR guy and he's very good at promoting himself and his companies. Martin Eberhard seemed to be the engineer behind Tesla, but Musk kicked him out in 2008 so he could take all the credit. His Gigafactory batteries are actually made by Panasonic, with the Wikipedia article saying "Panasonic will lead the battery cell production portion of the manufacturing." His "Hyperloop" is an idea that has been around for a long time, and he just gave it a stupid name.

      I'll give him

      • Boring and space flight?

      • Re:No (Score:4, Informative)

        by pr0fessor ( 1940368 ) on Tuesday November 28, 2017 @12:20PM (#55636629)

        PayPal was a competing product to Musk's the companies merged and Musk was removed from the CEO position when the company re-branded as paypal and the two products were merged. He sat on the board until it was bought out by ebay a couple years later.

        • was so great, the thing they did that was better than paypal was that they were a real bank, and so you could trust them more.

          I had an checking account and I was living in the future! Then paypal bought them out, and suddenly I was a paypal user and had to open a checking account.

  • by Anonymous Coward

    Something on the internet wasn't true?

    Next you'll be saying that Trump's tweets aren't factual.

  • by thomn8r ( 635504 ) on Tuesday November 28, 2017 @11:36AM (#55636349)
    That sounds exactly like something Satoshi Nakamoto would say...
    • That sounds exactly like something Satoshi Nakamoto would say...

      Nah! Nakamoto would say something in Japanese instead.

      • by DeBaas ( 470886 )

        That sounds exactly like something Satoshi Nakamoto would say...

        Nah! Nakamoto would say something in Japanese instead.

        That is what he wants you to think

    • I dont' know about that, but I do know that they once made a really kick-ass tape deck.

  • Satoshi Nakamoto (Score:4, Informative)

    by zmooc ( 33175 ) <.ten.coomz. .ta. .coomz.> on Tuesday November 28, 2017 @11:44AM (#55636387) Homepage

    Isn't one of the most defining characteristics of Satoshi Nakamoto that he says that he isn't Satoshi Nakamoto? :p

    • by PPH ( 736903 )

      I am not Spartacus!

    • That name looks more Japanese than Cretan. Or so my friend from Heraklion says.

    • I have long claimed not to be him, also!
    • by Anonymous Coward
      Ah, but one of the defining characteristics of Musk is that he would claim credit for anything he was even peripherally associated with.
  • Musk is a PR guy, not a tech guy. It takes an autist, or a team of autists, to come up with something like Bitcoin.

    That said: Sa = Samsung, Toshi = Toshiba, Naka = Nakamuchi, Moto = Motorola. At least according to the latest time travel conspiracy theory. This could also be an indication that those 4 cracked crypto algorithms and want to seed that psyop as a means to cash in on the unclaimed/lost bitcoins over the years and those to come in the future without anyone raising an eye at them doing so.

  • They might as well act surprised when Keyser Soze denies being Keyser Soze...

  • by ardmhacha ( 192482 ) on Tuesday November 28, 2017 @11:57AM (#55636473)

    "A friend sent me part of a BTC a few years, but I don't know where it is."

    It's in the cloud.

    • In the last article about this, Musk said that he didn't even OWN any bitcoin. Now he says he can't remember where he put it.

      Sounds fishy to me.
      • Isn't it technically true if both sentences are exact?

        He doesn't own ANY (whole) Bitcoin because his friend sent him part of a Bitcoin years ago?

        "How many dollars do you own?"
        "A friend gave me 50 cents a few years ago."

        • you also might not say owned something you lost.

          such as if a friend gave you a $10 bill.

          "How many dollars do you own?"
          "A friend gave me $10 a few years ago, but it fell out of my pocket"

  • "... but I don't know where it is...."

    Like he gives two shits about 0.5BTC. Seriously.

  • Has anyone said Satoshi Nakamoto is Snoke yet? I think he's Snoke.

  • So if you lose a bitcoin there is no way to recover it, right?.....what happens over time as people misplace/lose bitcoins, is there any mechanism for figuring out how many are actually in circulation, vs how many were created? (and I'm not making a pro/anti argument, since obviously cash gets dropped/lost/burned all the time). Since there is a hard cap on the number of bitcoin will this be a problem in 10-20 years if it continues to be used (I assume the amount people lose is small compared to the amount
    • Since Bitcoin is currently divisible down to 8 decimal places, that means if Bitcoin is worth one million dollars each, a satoshi will be worth one cent.

      So we have a long way to go before micro or nano-satoshis.

    • There was a story on this yesterday, the researchers claimed the lost number of coins is in the neighborhood of 4 million. []

    • (and I'm not making a pro/anti argument, since obviously cash gets dropped/lost/burned all the time)

      True, but if significant numbers of people accidentally lose a whole lot of $50 bills, the government/central bank/whatever can ramp up printing more and ensure that equal amounts of money is still in the economy (just not in the pockets of those who lost it.)

      When it's lost in Bitcoin land however, it's lost. Forever. The amount of money in circulation shrinks. The algorithms are not designed to find way

    • It is just built-in price deflation. That is why small business people who only do short term planning are happy to accept it, but larger businesses never will. Low but positive inflation is an important and desirable trait in an economy, built-in deflation basically disqualifies a fiat currency from long-term relevance.

      If somebody loses a bitcoin, speculators who sat on their coins own more buying power. And there is no correction mechanism. In a bitcoin economy, the value of work in the future is always l

      • People won't accept money that will be worth more in the future? Tell us more about your theories. And also about the hundred years of deflationary USD that saw the single biggest accumulation of wealth in human history.

        • Ask a businessperson.

          And, I would explain it more, but not if you're so confused you think it is "my" theory.

          It is the most mainstream possible knowledge. You could learn about it in a 100-level business class at your local community college.

          I have no idea what that weird part you spewed at the end about human history is. You seem pretty clueless about inflation.

    • by Dthief ( 1700318 )
      found my own answer randomly today: []
  • Then Stephen Hawking must be Satoshi, it is so clear! :D Can we get Hawking to deny it?
  • Good. If he was Satoshi Nakamoto, I would call him a weeaboo. Source: am weeaboo.
  • Otherwise I could not imagine why she would be quiet and remain anonymous at this point of peak fame.
    • Every day since 2009 has been the new peak of fame but cryptocurrency valuation has far more to go. There's nothing special about right now and the last time somebody hinted that he might be Satoshi, the tax authorities immediately swept in.

  • I am not Satoshi.

    No , **I** am not Satoshi.

    No, *I* am not Satoshi.
    . //Roman centurion gives up in disgust.

  • That's exactly what Nakamoto would say.

  • Bitcoin is a cia-nsa project. According to google. Who else can keep a secret that well?
  • Elon Musk Says He's Not God

    Have we gone full Onion []?
  • If Elon were Satoshi Bitcoin would still not be making any profit.

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