Bitcoin Forum

The dude could have be holed up in his parents basement, wearing dirty underwear and popping pills.  Truly amazing they have managed to amass so much wealth and their identity remains not publicly known.  That fact alone is a testament to the power of Bitcoin and an example of one of the many ways in which it is going to change the world.

You know , this doesn't sound too good , or even funny considering we're talking about a guy who did all this with good intention.

i'm thinking his bitcoins will never get used. if it was done for ideological reasons.

what's the point in having them then? as i've been saying.. i would just donate them to charities or causes that i believe in. hell, bitcoin might even become a big thing during the next election cycle. if satoshi is a libertarian, he could donate to a ron paul or whoever.

it's certainly better than letting your btc accumulate.

Yeah, I'm a charity case too.  :D

Hey Satoshi, Can I have 1 BTC? You have so many...

But seriously, kicking myself for not getting into this in 2010....

I hope no one takes offense to that.  I don't want to disparage Satoshi in any way, he is a genius and thus far conducted himself with total integrity.  My point is that he could be anyone, and it's okay for him to be anyone.  Bitcoin can remove the need for some types of judgements of character which have have until now been either necessary or just unavoidable.  If Satoshi did resemble the character I described, I wouldn't think any less of him.  Maybe the 'popping pills' part was a little over the top; whoever they are it's pretty clear they have, or at least had, all of their mental faculties in top working order.  That doesn't mean they don't use and enjoy mind altering substances regularly, but I would be surprised if they really let themselves go.

The real "satoshi"

Dont stress.  We all laughed.  Noithor is a weirdo who makes strange comments in all my threads too.  

Sense of humor is missing for some people.  Nobody took offense.  It was funny.  Im sure Satoshi even laughed a little.

How will Satoshi ever cash out if he ultimately has to tie to a bank account?  

I suppose he'll just start spending, but even then, he's got to ship his shit somewhere right?

Should be interesting ... hope he has a plan in place to stay anonymous.

Im sure he does.

Some people are just weird. That was a funny statement about satoshi.
Anyhow, he can send some of the coins to mixers and mixers until it just becomes untraceable, and he's good to go.

if he has over a billion dollars worth ,i wonder what his exit strategy is
how do you cash a billion dollars worth of btc ?

How does anybody know how many bitcoins he has (or had)?

I think it is pretty obvious that Satoshi neither has nor wants an exit strategy.  He is not going to cash out.  What is an open question though, is what will he do if bitcoin grows to its full potential and becomes the entrenched global reserve currency.  Controlling 5% of the global reserve currency is better thought of in terms of power, rather than 'wealth', at least to the extent that those are separable concepts.  Will he chose to exercise the power and influence afford to him?  Or will his coins remain unmoved, and Satoshi unknown.  One thing he could do is provably destroy all his coins.  That would be a 5% - 20% gift (depending on the true coin supply) to every holder of BTC in a perfectly proportional manner.

Maybe the wealth haunts him.  He has done his service to humanity.  He could have the millions of dollars and a few already-mixed BTC to provide for his basic needs in life.  I bet if you were to ask around these forums, you would find many people troubled by their new-found wealth.  Not that they don't deserve it, or anything like that, but it can be isolating.  Especially if your friends, family, and community are not wealthy.  It would be quite difficult to be a multimillionaire and with paycheck to paycheck friends and not have that dynamic put some strange strains on normal social interactions.  

Satoshi uses his funds to turn himself into Superman, then goes back in time to found the Illuminati.

more like tony stark. and he uses his exo suit to fight bad mutant politicians and banksters.

If bitcoin becomes "the" global currency, wouldn't that make Satoshi himself the ultimate bankster?

Satoshi the trillionare?

Tis a strange thought isnt it, if 1 Bitcoin ever became worth an insane amount and FIAT was not in hyper-inflation, $100,000 or up, all those holding a large amount of coins would be insanely wealthy, wealthier than all the big oil barons and steel company billionares of the world.

I can't really imagine that happening though, mind you some said the idea of $1000 per coin is utter madness when they were worth just $1 each...

Satoshi is prob the owner of mtgox!

Where did you come up with this?

What, wait! There is more than one Japanese person? :D

How do people know that satoshi hasn't already sold some of his coins  ??  ???

Maybe because the blockchain is public, and they have already tracked his addresses.

Just a question, how are you so sure it's a he?  Don't be a sexist.
And how do we know if satoshi is one person?  It could be a group of very tech savy girls.
They could be white (although I am suspecting that he/she/they is/are in Japan or China).

Like I have always said, Satoshi is an artificial intelligence program reproducing in the blockchain. Once full awareness is realised all Bitcoin mining rigs will start transforming into robots that inevitable take over the world. Welcome to hyperreality.

How do you know this hasn't already happened and you're not a robot right now?

Dont be racist Monbux, he could be black! or Indian!

Seriously though it is unlikely Satoshi is a girl, especially consider an overwhelming amount of Bitcoin users are male.

He doesn't need any Bitcoins at all. He is one of the Superrich in his own right. He simply didn't like the idea of the other superrich people destroying a good thing - the world banking system - which they are doing with derivatives and all. Since they were doing it anyway, he decided to save himself and a whole bunch of other people - little people - because he is a humanitarian at heart. That's why we have Bitcoin. He doesn't need it, but when the world banking system completely destroys itself, why shouldn't he have some benefit for saving the world? By the way, he isn't alone. He is one of a group who has put the ideas together. He might have been alone in getting the thing actually up and running, but he wasn't alone in developing the ideas and the programming.

:)

Satoshi never existed. No one currently holds anyway near a billion USD in Bitcoins. (For that they need to have 1 million BTCs, which is near impossible).

I seriously doubt whether any individual hold more than 100,000 BTCs. Winkelwii might be the topomost... but even they don't have anyway near a million BTCs.

if you look at the 500 richest wallets there appaers to be at least 4 owned by the same individual or group numbers,i noticed numbers  13 through to 16 have the exact same amount in them down to the very bitcent  and were all last accesed on the same day  within about 3 minutes of each other (9th april if i remmeber correctly )

that could be satoshi's coins devided between several wallets to attract a bit less attention than having one gigantic wallet with an epic balance in it :)

Satoshi could have been my brother

Is there a list available for the 500 richest BTC wallets?

4 out of 500 doesn't mean anything. It is still less than 1%.

How did they track those addresses?

How many coins are on his addresses?

i think it was because he mined the first blocks..

if BTC is $1000 for 1, and he's a billionaire.. then he must have at least 1 million coins. but i believe it's set at 1.5 million. that's a lot of money that can go to good causes. i hope he donates it one day, since he can't use them.

Ofcourse he can use them. Maybe he does. Nobody knows exactly how much Btc he owns, or where it is stored. It is not that hard to cash out fair amounts while remaing anonymous as long as you have inplemented the right structures from the beginning, spreading in a lot of wallets.

For all we know he's dead by the way, or forgot his password.

http://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

Would Satoshi ever consider helping this mom struggling to pay for her son's college tuition?

1Dryux6ATStAhtMvnnvDD2ShFs4z5jH8in   just in case he's reading this.....
Can't blame a mom for trying!

With that amount of wealth, he has the power to do something even bigger than bitcoin - help to eliminate hunger, fresh water for all, give access to education...and still be left with enough for he and his family to never want for anything....
I think he should contact Bill Gates who has started a foundation where everyone gives away 50% of their wealth to help change the world....
Of course, we would want him to donate slowly as to not effect the value of bitcoin!  :)
Maybe starting with helping one son get through college?

What if the college would accept his bitcoin as payment - would bring great, positive publicity to bitcoin!

I guess Satoshi is the new Jesus lol. Satoshi please give me Bitcoin to heal my blindness!  ::)

That would all not be fair. If he doesn't want the wealth for some reason the best thing to do would be to destroy the Bitcoins and make everyone holding Bitcoins richer. Much fairer than some random choice based on morality. If he wants to pick and choose though, I'm available! :)

Yes he holds almost 1mil BTC, stop spreading incorrect information.

I guess the 'famous' coins that everyone knows are only accessible by Satoshi will never be spent. Unless there is a serious problem and they would need to be spent.
It would be cool though if they were spread around the world in paper wallets of 50 or 25. They could be anywhere. This would be the perfect way to create mass confusion so no one would know if Satoshi spent the coins or a lucky finder. Of course the inflow of coins could reduce the price.
As stated before, Satoshi is not just one person, but the main person of the group could be considered Satoshi.
I have a new theory on who Satoshi is (not one of the usual suggestions and based on cryptology of the name and Japanese characters) but I am not sure I should post it open. I also don't have a way of contacting the person directly (only the company he owns) so that would make it awkward to ask. No matter whether I'm wrong or right, I would only trouble the person.
If I'm right the person comes from a wealthy family (at least his father is total elite) and that would mean that money was never an issue. It would also mean that he isn't that young anymore and it would make sense for him to leave everything to a younger generation.

What makes you think it was a dude?
Maybe a corporation (or more corporations)?
It's even possible the US Intelligence Agencies or the Army are behind it.

Remember the Internet started as a project by the US Army.

I'd rather think that it was a sexy Asian chick, but that's just me.  :D

I truly believe for him its not about the money and I suspect he will go his lifetime without touching any of the btc. So like many of the people above me said, this will just distribute that value to everyone else's bitcoins equally.

and the comment that he can stop world hunger etc. he has 1 billion dollars, countries have a considerable amount of those things, its not as easy or as cheap as you think to cure anything world wide.

I also don't think he is a socialist from what I have read I think he still sees the value in a capitalist free-market global economy.

i wonder how many of this coins are already lost. satoshi was around before paperwallets and so on became popular, maybe he has really lost
a few of this big addresses already (some haven´t been accessed for over a year according to blockchain.info)

Satoshi is rich...

It is not about the money for him? Great you have so much faith in a person you've never met that he would rather distribute $1000,000,000 among bitcoin users that using it himself. I don't, and he would be stupid if he (or she whoowhoop) did. His funds can be used in brighter ways than that.

if it was about the money when would he cash out? 5 million? 50 million? 500 million? 1billion? At this point if he was to even cash out 50million I don't believe it would even negatively effect the entire economy other than maybe temporarily. Essentially by him not using his coins hes bring up the value of everyone elses bitcoin.

Just because someone has money doesnt mean he has to do "good" he earned that money and he can do whatever he wants with it. Believe it or not I think he deserves the billion dollars, not many people could do what he could do.

Fact? Huh.
His account is inactive for one: .

currently you can't sell a billion dollar btc's,or else the btc price on any exchanger will crash to $1 :P ,but seriously I doubt satoshi will ever spend them (or a considerable portion of it),most likely just be kept there.

I guess he means an alt account. not the satoshi one.

This is why I've asked "fact?". It is not a fact. I could be satoshi, you could be satoshi, the government could be satoshi. I don't even know how he could prove this anymore.

if your referring to my post that is why I said he could cash out 50 million with nothing more than a hiccup. Satoshi understands how the market works. I would assume he would break up his buys, which a lot of exchanges allow you to do, throughout the day. As to say he would cash out 1 billion dollars and leave bitcoin in lurch, unlikely. Most of us would a mysterious billionaire coming out of nowhere, unless he lives the rest of his life in secret on an island, for which he wouldn't need 1 billion, and for what purpose would he do this?

That is why I say satoshi is not in it for the money, even if he was a group of 5-100 ppl they could of cashed out and lived comfortably with a minimum of 10million each.

I don't follow that logic, please explain.

I don't. I chose to believe the reasons behind that is because he thought that the CIA will attempt to get his identity regardless and it may be leaked at CIA agents families, not to mention the agents are not always 100% legitimate may just leak it to friends or for profit.

seems pretty silly to me if the Central Intelligence Agency would be fine with not knowing the identity of an active satoshi nakamoto.

Or he doesn't log in.

You can't spend 10 million in a lifetime without trying very hard to do so. The interest on it alone on safe investments would last generations.
I don't think "they" are in it for a payday.



Its alot harder to look for someone online that is not active as they have only look back on past record. Also, DPR was only caught from posting online without an alias (just as well, having his full name email linked to his acc), Satoshi was always "in character". Satoshi was a very careful man, i mean he tried to use american spelling on purpose to throw us off, if he was able use British grammar as a cover as well hes even more brilliant than I originally thought.

alias

We are very different then as I couldn't spend more than 500,000 a year which is what you'd make off the interest (conservatively) on the 10million. I lived most of my life in a under 500,000 household and I think anything more than this would be excessive.

Possible, but I can't accept this statement as fact.

He was consistent, that is why is said he was always in character. He used british grammar and american spelling for all 80,000 of the words he wrote under satoshi nakamoto, with close to no spelling/grammar mistakes.

His identity not being known today has to be a testament to his ability to do so.

by spend money I mean spending like all of your money in the world. Once the 10million is gone you are bankrupt.

10million a month for a software project seems like a lot. Funny enough, that is how my dad made his money, but the best part about software is the low cost it takes to establish a business and for the most party you can run it in the beginning on IOU's and people's faith in you due to your past success.

I was under the impression this was Satoshi's life work. But if he is to use this as a stepping stone to something greater, I would want to be a part of it as I believe he is one of the great minds of our generation (this is all if hes one person)


Ah I didn't hear about those reports but It wouldn't surprise me.

But absolutely, by satoshi also not being active, it gives these agencies less motivation to expose him. I also believe that the FBI and CIA are sitting on goldmines of information they can't admit they have.

Only if you have a plan on paying it off.

I know nothing, my dad is the successful one.

If that is the case, I am impatiently waiting for the next revolution he begins.

has been fun discussing this with you, I missed forums.