Bitcoin Forum

I was wondering this for a while but what-if Satoshi sold all his BTC already somehow under the table.

I mean its very possible for him to sell each mined block just by giving the buyer the private key associated with the account. Of course there is a certain degree of risk here but I guess if you got 1 million coins then why steal 50 from someone.

Would it be possible for Satoshi to create some transaction that would make his coins be sent to the buyer at a specific time in the future, using that time-lock function?

How about if Satoshi just created a signed raw transaction and just sold that transaction to the buyer and told them not to broadcast until a specific time.

Anyone got any other conspiriacy theories?

lol, what if sotashi lost all his private keys and feel shameful about himself and thus don't want to face every one and hide himself from reality. lol.  just joking...

I think he cant sell his satoshi or bitcoin from now because some says that satoshi was die but i didnt know if it is true i was only read it on the thread.

Yes it might be possible but untill now we dont know the real identity of satoshi nakomoto. Even we dont know that he is live or dead? Before 1-2 months i saw a transaction of 14 BTC without any fees, that might be possibly of satoshi nakomoto but can't predict anything. We dont know the actual identity of satoshi and even if he exists, i dont think he will sell his funds because they are the most costlier and he might be earning by it.

No.  There is no point making conspiracy theories because it has not happened.  Satoshi holds 50 coins in many addresses (one for each block he mined).

You can see what coins he most likely owned (https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/) from his mining pattern.

Unless he sneakily mined some extra coins here and there, he has not moved nor sold his coins.

Untill now, the identity for satoshi has not revealed. We don't actually know who is "satoshi nakomoto". Perhaps it might just be a name and a gropu of programmers may be behind it. Bitcoin was introduced by a group of prpgrammers as a Anonymous cryptocurrency. Perhaps that group may have the name of satoshi.

i am not sure how things were in the early years and google didn't give me much about whether nlocktime were introduced later or what. but the first transaction ever:
https://blockexplorer.com/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16
has a locktime in it (set to zero of course) so it may have been possible for people to make a time locked transactions back then too.
for example they could have set the locktime to 500000 to make that transaction only valid on block #500000 (i think about 140 days from now)

Possible. But why would Satoshi sell all his bitcoin when he knows that it has a way better future than most of the people think about bitcoin. Also if he sells now/ he has already sold it ,then its his loss.But do you really think that the owner of the world's first ever crypto-currency would have sold his crypto just for money,like its his identity why would he sell his identity even though he hasn't revealed himself.

Hard to know ... Classified documents take about 50 years to be declassified ...  ;D 

I don’t really think he might have done that. Maybe he created several wallets and stored his bitcoins differently, maybe offline so it won’t be accessed.Even if he wants to sell his Bitcoin, he won’t walk up to the buyer and say “Hey there! I’m Satoshi Nakamoto. I have some bitcoins for sell, will you buy them?” Like what? So you think he will let you know he’s the one?

He will never expose himself to anyone, because some people are stupid to the extent even if he tells them to keep secret, they will still tell the world. And I’m starting to think “Satoshi Nakamoto” is not his real name. Maybe he used that as a code name. This guy is very brilliant, so he’s likely to do anything.

What if CIA got Satoshi and backdoored Bitcoin long time ago?? There are lots of conspiracy theories and rumors around the Great Satoshi Nakamoto but I dont think there is not even one true thing in those. He must have kept his keys safely for everyone's future.

It is quite difficult to imagine such a scenario. First of all, Satoshi's coins are spread out over hundreds (if not thousands) of Bitcoin wallets. OK... let's argue that he sold these coins by transferring the private keys to a number of buyers. But the fact is that none of these coins have shown any movement from time immemorial. If he had sold those coins, how can you explain the lack of activity in these wallets?

And do you think that buyer will agree on that term or will stand for years with his promises  ;D

What I think is that satoshi have already died without spending or selling off any good amount of bitcoin he holds. So now whatever amount of bitcoin is linked with satoshi is gone which will just decrease total available supply of bitcoin.

I think those coins are locked forever.We have 2 scenerio either he is alive or he died and since nobody knows about this whole "Satoshi" thing nobody will ever learn.If he is dead , end of the story.If he is alive than he may never spend those coins.If he was a money hungery evil villain he would try to spend them ages ago.There is a crowd waiting with torches and pitchforks and if he moves a single satoshi from these accounts people go into full panic mode and prices will surely drop which will make all his 1's and 0's worthless.There are actually a lot of scenerios we can think of and all of them are quite fun.I may have even make a cute animation and call it "Satoshi's Dilemma" :D.

It may be worth noting that Satoshi is thought to own certain coins. No one really knows if she has any bitcoin at all.

Of course this is possible but somehow I think ne hasn't done that. Since nobody knows who he or she really is nobody can't know how many coins are in his/hers possesion and this will probably stay mistery forever. But I don't believe that Satoshy has sold all coins, if not for something else then because of sentimental attachement to them.  :)

Its an interesting thought to entertain.  Maybe those that started bitcoin mined blocks to an addy they lost control over (lost the HD, keys etc) and didnt care.  After all, those were worth 0 at the time.  Maybe they are lost forever.  Maybe they arent.  I'm guessing though - that the coins will be spent once btc price reaches stupid high levels, and the market will crash.  The ultimate pump and dump, one for the history books.  All a clever scam.  And we shall have a new "richest" person in the world.  Hopefully not though.

Indeed I hope not either because it could spell doom for all of us after they cash out and we are solidly invested into it. They are mere imaginations and speculations and I hope they stay that way forever too.

I think that Mr. Satoshi Nakamoto has big amount of bitcoin that he hold for now or he can add more bitcoin token because he can do that every time he want because he is the maker of it. That's not possible that his bitcoin was already sold or not it is depend then on the situation in the future.

what document? I think no one knows about who is satoshi nakamoto, if there any possibilities he would do that, then he will be exist as the richest man in the world

(1) £1.4 billion trading volume
(2) @£3336/BTC
(3) 16.5 million coin available

1,400,000,000/3336/2/16,500,000=1.27% of coins traded each day

where are the rest?

He definitely didn't sell out just for money, he probably sold a few for sure though.

It's an interesting theory, but I do not think that it's true.
If Satoshi had sold his coins with a time-lock function, I think he would have sold it at the price bitcoin had at that time.
And that would mean he had no trust in his own creation. That does not sound like Satoshi.

I have not much knowing about coding, but would not such a function be somehow visible in the blockchain?

I think people like that satohsi will never sell its bitcoin, I think if bitcoin can be developed for what it sells even though the selling price is very attractive, it is better developed although profit is not as big as sold but profit can always be obtained

I agree with this. I don't think he's poor but not selling coins because of sentimental attachment to them, no. Of course he/she has got millions of USD from selling Bitcoins, but as any wise person would do, he/she hasn't sold them all because no one needs so much money if one wants to live happy life. Big money bring big problems, every educated person knows that, and Satoshi, without any doubts, is an educated person.

Wild theory... maybe he is waiting for the emission cycle to near its end so that if necessary, he can help bridge the transition from subsidy + fees in the miner reward; to throwing in some generous fees when things look like they're going to get rough.

Holding coins from the beginning, for the end, does have a symmetrical nature to it which can sustain the network if miners aren't compensated well in 3 or 4 halvenings from now.

In the above scenario, think of them as economic maintenance / incentive tools to help remove friction when appropriate.

... or maybe he can't access a Bitcoin exchange from his island; and after the natives made him king God - they refused to let him away from the throne where they worship him.

lul satoshi king of an island full of natives hahahaha.  I imagine him more the type that is super rich but lives frugally.  You always hear about that grandma that died and gave her millions to charity, yet she was living in the same old decrepit house.

In this life everything is possible, but it is more likely that one Satoshi doesn't exist. It's probably a group of programmers who work on some of the special services. Perhaps the purpose of creating bitcoin was to undermine the monopoly of the dollar on the world market. To have in their hands the keys of the world economy is the wealth that cannot be sold. It is priceless.

If he does have a huge chunk of the crypto currency, i think the smart move will be offloading it in bits at time, there is no reason for him to keep holding to it any longer, with the current value of bitcoins selling them right now will make him very filthy rich and that's exactly what i will do if i was in his shoes.

If Satoshi did, then that is something that we should never be worried about, because what is the point of bitcoin-decentralization if it's fate would only depend on Satoshi. That guy (Satoshi) has a vision of Bitcoins becoming the future global payment method, which is why I don't believe that he would sell ALL his Bitcoins too early.

Anyway, what are you pointing out on this topic, mate? I am curious about what you have there in mind.  ??? ??? ???

If Satoshi sold all his bitcoins for crypto currency and in particular bitcoin it does not change anything. Well, as for the possibility of making deals on the sale of bitcoins on condition that the transaction itself is carried out in the future, I think it is impossible.

I quite agree with you. The point you raised in the first paragraph is very valid. Whether Satoshi sold all his holdings it not, whether he's still alive or not are all immaterial now. The Bitcoin technology has risen to the point that other cryptos have been born out of it and of the fact that splits will occur from time to time even from Bitcoin itself.

Truth be told, Bitcoin is bigger than Satoshi now...

I'm sure that other than the genesis blocks, satoshi has a bunch of bitcoin in other wallets. The genesis blocks and even those near the start are probably all being watched, but what about those that came later?

I find it hard to believe a genius person or group like satoshi wouldn't have made some alternate plans

Nothing. Satoshi just missed out on some huge potential, but what's done is done. No use crying over spilt milk

If Satoshi already sold his bitcoins off the market then there is nothing to worry about because the buy orders from the market are enough to cover all the dumps that he made from unloading his bitcoins and we are not sure that he is still really holding bitcoin because the price of bitcoin is already on the top and there is a chance that he already sold his coins when the price is around 1,000 to 2,000 USD.

thanks for the thread this is very awesome and people do think of the thread ..
many wrote theeir replies and i read them very satisfying and  has information but i hope satoshi is still alive ..
i hope he will not do such a shame ...
but i did think what if that happen ? what will happen to our investments ...

That seems to be impossible, Mr. Satoshi created bitcoin to make profit off it someday and then all of a sudden he decides to sell the money, it sounds ridiculous though, because he won’t get to benefit anything from all his years of hardwork.

I just talked to him down the alley and he told me that he is not yet planning to sell any of his Bitcoin since he is actually a rich guy and he can afford a convenient lifestyle even without touching his cache of Bitcoin hidden somewhere under his big and antique table. But once the value of Bitcoin will already be a million then he might be releasing some of his Bitcoin partly to bring the value back to 500K again and so that he can also have a taste of what he invented years ago. He is sending a big regards to all members of this forum...anyway he is still reading the forum from time to time.

I just talked to him down the alley and he told me that he is not yet planning to sell any of his Bitcoin since he is actually a rich guy and he can afford a convenient lifestyle even without touching his cache of Bitcoin hidden somewhere under his big and antique table. But once the value of Bitcoin will already be a million then he might be releasing some of his Bitcoin partly to bring the value back to 500K again and so that he can also have a taste of what he invented years ago. He is sending a big regards to all members of this forum...anyway he is still reading the forum from time to time.