Bitcoin Forum

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

We should also speculate why this is not on the speculation section.

As we only have limited amount of coins so if Satoshi (he/she/they) would like to let go of his/her/their coins, I am sure many people will be happy to buy them.

Of course this may cause a sharp drop temporarily, but this will also result in the "re-distribution" of the coins to the population and hence no more worries.

because the speculation thread is for price speculation and this is not related to that. but thanks for your huge contribution for this topic!

If this occurs, then there is a chance that the price of the Bitcoin is no longer of this size. Because the coins are distributed will be very abundant and the price will not be useful. The same with just a total number of Dogecoin.

Where would he move those coins to though? There's no point in moving them to another wallet. And he can't really move them to an exchange without having people track him down and possibly even find out who he is. People have had their eyes on his stash since the beginning, if a single one of his coins move the whole internet will know about it in a matter of hours if not minutes.

Perhaps he has something better on his mind.Getting rich wasn't his priorities or may be he is waiting for price hike.There's also a possibility that Satoshi kept these coins deliberately to contol bitcoin market in some unlikely event

yep, i know that people would notice that in minutes, but i dont think that moving them would reveal his identity.

question to those who were here in the dawn, was there any discussions about his coins in the early days?

Exactly why would they? You've made 3 assumptions: 1) Satoshi is alive; 2) Satoshi has access to his keys; 3) Satoshi needs the money. That is a lot of assumptions.

Only if the average holder panics.

Just moving from one address to another wouldn't do anything, correct.

yep, that is a lot of assumptions.

if 1 and 2 are true, it could be that they are so rich that they dont need the money. that is a good alternative.

i was thinking that could there be some ideological or even political reason behind.

yep, couldnt satoshi just circulate the coins thru so many addresses that people wouldnt any more know the origin? is that possible?

there is a lot of speculation about satoshi and his stash and there always will be, some say satoshi is dead some say satoshi has lost the private keys. this last one of course seems silly to me!


i don't think it is that big a threat, although it can hit the price hard.
also i don't understand why you compared bitcoin with 15 mil available coins with Dogecoin with 104 billion available coins!!

any other thoughts?

Nobody can really tell you anything specific as there are a lot of assumptions and we are practically in the space of baseless speculation.

There might be; we don't know, ergo we are speculating.

Yes, but it isn't really easy to lose the trace of the 'owner' unless they flush them out via a mixer, services (e.g. gambling) or exchanging into altcoin.

i think that the creator of bitcoins satoshi just wants the bitcoins to be a good currency thats why those coins are just sitting unspendable and they most probably will not be sold

i think that we are safe that those coins will never be moved so we will never have any trouble about a really fast dump that might happen one day because of fast selling of coins

Like others have said I agree

Im sure he wouldnt mind selling some but even if he/she moves 1
coin it will blow up and there will be 1000 threads on this forum
immediately started.

If lets say all of the things that you say is correct, i think satoshi is spending the coin, i think it is also make sense that satoshi spending the coin because its his/her hardwork to create bitcoin

The use of those coins has tax implications. He cannot be taxed on something he made no profit from and Capital Gain only come into affect, when you sell or used those coins. I still think Satoshi is dead or they are a group of people, who wants to stay anonymous. They most probably have enough other coins to keep them going for some years.

i think he may be waiting for the right time because he may know that btc price will sky rocket in a few years. its just my opinion.

Perhaps he has lost the private keys and complete access to these coins, but it's probably not for that reason. Let's assume that they/he/she still owns the private keys currently.

My guess is that they understand the risks associated with spending or dumping the coins on the open market when their technology is still in the adoption stage. This will lead to a huge drop in bitcoin price and can potentially kill the whole project.

Maybe that is one of his/her/their mysterious plans as how they mysteriously hid his/her/their identity.

i think that this could be the case. they might be so proud of their project that they dont want to risk it and even face all the accusations if been revealed.

if this really is the reason i must say that they have really good nerves and/or they already have enough money.

but if the price would "sky rocket" the price would also suffer significantly if those coins would come to market. so i dont think that this is the case.

If Satoshi had moved his coins when Bitcoin was at $1000 it would have crashed back to $150 overnight. Those coins starting to move would make more panic than the MtGox hack did. If Satoshi ever dumps them he would have to take a giant haircut off the going rate.

yep, i totally agree that people would panic if he would start moving his coins. but if he then would not dump them but just would start spreading them thru exchanges etc, i think that the price would stabilize. would take a while though.

If this happen I think it will be a good news for long term stability of bitcoin. He can only off-load them once and the impact will be absorbed with time. I am not worry about this at all.

So,we all had chance to lost our bitcoin because he/she (they) stole our bitcoin?i think even they can acces our private key,they will not do that,having a milion bitcoin is enough for them,and i dont think its possible to happen.

But what if he decides to release those coins in a very small volume daily? As small as if it wouldn't affect the value that much. That's plausible as well, although it would definitely take quite an amount of time for Satoshi to be able to have all the coins in the circulation.

i think that even in this case people would panic and it would effect negatively to the price.

not sure that i understand what you mean. nobody here thinks that satoshi would be able to steal our coins.

because if he even moves 1 bitcoin from one of the address known as the satoshi addresses market will be quickly dumping in the fear of those all satoshi owned millions of coin will be out to the market. This will ultimately die the bitcoin market and give the chance for alt to come above bitcoin which satoshi will never want to see.

Perhaps before halving, there will be movement to his/her coins and the coins will be released to the public. Maybe its a conspiracy to crash Bitcoin prices during halving.

ya I bet Satoshi be more like this with the people on here:

https://www.youtube.com/watch?v=zSQNl4V_R88

That makes no sense.

No it doesn't. Satoshi, unlike many of the 'bitcoiners' here, was not led by greed.

Nothing surprising there, weak hands, i.e. sheep.

No, that doesn't even make sense. Even if all assumptions were correct, that would be a irrational action.

Do you need a tinfoil hat?

It's easy!  Satoshi does not need the money!  Like Warren Buffet....Buffet still drives his old beat up car (not a Lambo!), has his old 1950's recliner, a modest house he bought in the 1950's, an electron tube television, and his books!  He has all that he needs and he's happy.  It's the same with Satoshi....He obviously has a more refined value system.  If one has love, happiness, and is content living a simple life, then what more will money buy other than TROUBLE?

as an inventor of the bitcoin satoshi knows how dangerous if he/she/they spend that amount, of course satoshi won't destroy what he had built, i believe he still has another Bitcoin which he kept in a wallet that people do not know that the address belongs to him, just my speculation

but if satoshi doesnt need the money and doesnt want bitcoin to be destroyed, he could just burn the coins and end the speculation.

why he hasnt done that?

thats very possible. he may even have another project, maybe another coin to which we might have been exchanging.
those coins he kept are just kept maybe for a very emergency needs. maybe someday, we'll see those coins moved to another address as a donation to a humanity project.

This could be possible.
Satoshi would have helped the world without even investing a cent.
Such a genius.

Satoshi is believed to own total 7% of all Bitcoin. That is more than 1 million of BTC. He could sell his coins for more than $1000 once = which would effectively made him a billionaire.
He decided to not do it. So I don't think monetary gain is his first principle after all.

Since he is the creator of bitcoin he knew or can predict the price of it so he could be waiting for the bitcoin halving and will move his coin once the price skyrocket,this is my opinion..

its possible to happen?satoshi as bitcoin creator would do something that will never predicted by everyone?i dont think so.
but if more people believe this is ready to bitcoin halving,so i will spent my bitcoin and trade to cash money before satoshi move my bitcoin,, LOL

i think that if satoshi would be as nobel as some seem to think he/she/they would burn the coins.

if some altcoin developer would act like satoshi there would be huge amount of accusations (premine, instamine, scam).
 

he will have spread the coins amongs the people and now the people are using mean selling and other other are buying it for their beifits. or he may have sell all the coins. and now he has a very lemitted amount of coin. that is why he cannot take it awayl

Satoshi is like a cents here in my country,  In my perception If Satoshi will dissappear there will be no longer a Bitcoin anymore.
As far as I can see also lots of member here in Crypto currencies they've been thinking that having a satoshi is like a hunting treasure with a big priviledge too. :D

The reason in unknown ans still a mystery up to this day. We even do not know who is satoshi nakamoto and that includes hi reason why he is not showing. Only Nakamoto can increase the bitcoin supply tremendously but yet he is unknown and nowhere to be found. THere are speculations that he has a hidden agenda others said that he isnt alive anymore. But who is he or has he have a stock of bitcoin, nevertheless he made bitcoin and we must be thankful.

I have some news for you, Satoshi has already disappeared ole chap. ^smile^ We do not need Satoshi, for it to be a success, it already is. Satoshi is the mystery nobody can solve, or the so-called Logness monster of the financial system. Let's leave the Big foot hunters for the crazy people and just use the technology he left behind for us.

Mystery solved ^smile^