Bitcoin Forum

Imagine that Satoshi Nakamoto reappears and wants to auction his first Bitcoin Talk post as an NFT

https://bitcointalk.org/index.php?topic=5.msg28#msg28

At what price do you think it would be sold?

Of course, with a proof that it is him and he who sells it.

 :D

It depends on who have the highest amount to be paid, but I know it will be costly. Assuming there are 1000 people that wish to buy it, all with different amount, if the last person to buy it want to buy it with $1 million, there can still be someone that may stand out and says he wants to pay $1.1, if no other person to pay higher, then it will be sold at $1.1, which means the amount depends on what the buyer with the highest amount paid while others not able to increase theirs above the buyer's prices.

Those who'd buy it would probably be the first bitcoin enthusiasts who made a lot of money, thanks to bitcoin. As for the amount, that'll be entirely speculative, though for someone who has a knack for collecting pieces of history (and who has deep pockets), a few million dollars wouldn't really hurt. If some plain paintings from a well-known artist can fetch millions of dollars in value, then Satoshi's first post, converted to NFT, can also achieve those numbers.

If Satoshi came back that would mean a 'real' flawed human being now really does have access to all that BTC and could 'crack' and start selling.

thus what you say would not matter much in the BTC IMHO would dump to 1/2 the current value on the shock of the above and no one would

care about the first tweet...in that, we'd all be freaking out :)

I hope Satoshi is OK..but I don't want him coming out and people realizing he controls the keys on that much BTC and maybe tempted....as to

this is why he is coming out.

silly hairless primate monkey humans are odd on this kinda thing

brad

While "Everydays" was sold for over $69 million, and Jack Dorsey's tweet was bought by Estiva for $2.9 million, what do you think is a justifiable price for Satoshi's first post who was actually highly technically knowledgeable person in the field of BTC as he was the one who invented it? I believe nothing could pay an amount so big to justify his posts' credibility because his posts were priceless, and priceless things can't be sold. ;)

No, I can't imagine the creator of technology that is the origin of all crypto assets and eventually led to crap like NFT, the person who likely own 1 million Bitcoins, to dabble in NFT or whatever other hype the crypto ecosystem creates. It's like asking "what if Satoshi decided to create an altcoin", "what if Satoshi decided to make an ICO", "what if Satoshi decided to launch a blockchain project". Completely pointless questions, because such things are not going to happen.

Believing on the same thing on where i dont really see for Satoshi to get involved with those NFT hype that we are seeing at the moment.On what for?
Since its been mentioned on presumpting or what if's situation then price would really be expectantly high because we know that any involvement
from the creator of Bitcoin itself will really be something valuable and as mentioned above that the first supporter of this is to those people who
had become millionaires because of bitcoin and a little amount of it wouldnt really hurt at all

This would be quite interesting if it came to fruition.
But I doubt it since NFTs are on Ethereum.
Satoshi doesn't believe in anything and wouldn't use anything but his own creation. ;D

Satoshi will never show again, he/she is like frodo bolson, he/she holds the ring/(private keys) and keeps all the preasure of holding but probably destroy the keys of their coins and any evidence and now he/she is having a peace full life :)

This is like asking if Satoshi is willing to sacrifice his life for money. It's absolute nonsense if you ask me. Why on earth would he/she be concerned about selling his first post for money when he/she hasn't bothered with selling his/her stash of cryptocurrencies?

It's because this person is clearly not crazy about money which is why the answer to your question is null op.

I'm more worried about if he comes back and sells most bitcoins on his possession.

But if for the price of his first post and be it as NFT, the highest that I've seen was $69M I guess. And his could be more than that even more than doubling it.

The slot will definitely be for the rich because the highest bidder will have the post. It will certainly be way expensive that an average forum member can't afford to pay both in crypto value and in fiat exchange

The name Satoshi Nakamoto is a really big name in the world now and I know very well that if he should show up with proof and decides that he’s going to sell his first post as an NFT, there will be lots of people lined up to buy and it’s sure going to land anywhere around hundred million dollars and even above. That’s what I think.

When Jack did his, he was able to sell for a really huge amount of $2.9 million, and I believe that the mysterious Satoshi can do more than that it he should suddenly show up. And trust me there will be lots of people who are ready to buy it because they love what Satoshi has done for the world and they would love to keep something that belongs to him, so the competition to get it is definitely going to be too much.

Why do satoshi need to sell his first post in the forum through NFT. As a bitcoin founder, he will sell it with bitcoin, not NFT.

Do you think the ownership of satoshi for his posts depend on NFT? The trace on the Internet are there for more than one decade. With or without NFT, no one can delete his ownership.

Expansive question: Do satoshi has to depend on NFT to prove he is the one marks the message in the Genesis block of bitcoin blockchain?
https://blockchair.com/bitcoin/block/0

For the sake of argument Satoshi reappears and wanted to auction his first post here in the community, I would say it will fetch around 8 to 9 figures.

Of course, we all know that he won't be coming though, and I doubt that he will surface again because he wants to join the NFT hype.  :)

How do you know that satoshi won't deal with NFT? This will be like any paintings of any artists like Banksy, Basquiat or Warhol, it will definitely fetch a price, I wouldn't call it a souvenir though because NFT is closer to an artwork.

Really?! You are dreaming that Satoshi himself will come and validate NFT by using it? This is a good one!  ;D Why on earth would he do that?!
No. I cannot imagine that. There's a line that if it's passed makes this kind of imagination get beyond reasonable. That's the line you have passed and I won't.

I'd better wait until he/she/they really goes into the limelight and I know if he'd show up then he/she/they probably knows what NFT is and it's still a speculation if he dives into this space or not.

Still skeptical if he really shows up and I guess we should not that hopeful with Satoshi anymore, he'd never shows up again I suppose, if he does then just saying "welcome back and a simple thank you" will be enough.

I think that the authority of Satoshi Nakamoto after such an act in the eyes of many would have fallen very much. If he is still alive, he probably understands this and will not do such a stupid thing. He has the ability to sell some of his bitcoins without needing money and remain anonymous.

It would be costly, millions or whatnot, and not anyone can afford it. Interested people will be those OG, business owner or someone in collectible sections.

I doubt elon will spend its money to such thing, never seen he made purchase to some existing NFTs.

It is a hype for NFT and people are losing minds with NFT. The technical world have solutions to archive and to prove ownerships before the NFT.

That NFT hype reminds me the crazy time with Crypto kitties in 2017 and people were over optimistic about what Ethereum, ERC-20, falls can change the world. They hope to see it in near future

I know that you are talking about a hypothetical but hypothetical scenarios need to have some remote chance of happening, if satoshi appeared once again in the forum it is way more likely that he will make a statement like he securely deleted every single one of his private keys and he has no access to them anymore than to try to auction any of his posts or the whitepaper of bitcoin in order to raise some cash, and even that scenario is a stretch as he is not ever coming back.

Well, the NFT world is getting crazier day by day, and no one knows exactly whether the NTFs have a future or not. Artists are now selling their arts for millions of dollars for just minting them on the Ethereum blockchain. Imagine, if Satoshi would return and mints his first post on the bitcoin blockchain? that would definitely be worth hundreds of millions $$$ no doubt.  

Wouldn't pay for someone's farts, let alone a digital imprint. Why give something such pointless monetary value? What are we going to sell next? Finney's first Tweet about Bitcoin? Is his widow or family going to pop up online and sell that?

And you do realise selling an NFT on all these things don't mean the owners are going to have any rights to reproduction at all, yeah? Besides the point that they shouldn't, they actually can't (https://bitcointalk.org/index.php?topic=5326670.msg56657001#msg56657001).

That's an interesting question, and I actually think it's possible to make reasonable estimates. For instance, Jack Dorsey's first post on Twitter was recently sold for $2.9 million (https://www.bbc.com/news/business-56492358#:~:text=Twitter%20founder%20Jack%20Dorsey's%20first,by%20Mr%20Dorsey%20for%20charity.). Twitter is way more popular than Bitcointalk or Bitcoin, so I think the price for Satoshi's tweet would be definitely lower than that. Twitter has around 192 million users. (https://www.oberlo.com/blog/twitter-statistics#:~:text=Summary%3A%20Twitter%20Statistics,-Here's%20a%20summary&text=There%20are%20192%20million%20daily,female%20and%2066%20percent%20male.) According to these estimates (https://markets.businessinsider.com/currencies/news/crypto-users-pass-100-million-boomers-gen-x-bitcoin-btc-ethereum-2021-2-1030122720#:~:text=More%20than%20100%20million%20people,according%20to%20two%20separate%20reports.), a number of people using Bitcoin is 106 million. The difference is actually not as big as I thought it would be, but I think that the amount of users can be taken to make an estimate of popularity and thus financial interest in the first post, so I'd say the post would be sold for around $1.5 million. But of course, the auction would be in BTC, so the amount in BTC would be around 27 bitcoins.

I read somewhere his account has been locked forever, he would not have the ability to access it even if he wants to. It depends on how much he places it for sell, depends on his buyers and I'm sure too many people don't even know about this forum. How would they be able to buy his post? Of what use would it be to them? These hypes from NFT are getting interesting already, hoping to see it for the next 1 year.

Satoshi Nakamoto did not appear when bitcoin reach a milestone of 50,000$ and you think he will come in front of public only to sell his NFT post ?
That's not going to happen in the first place but if by any chance he does come up with this idea, his NFT post will be sold beyond imagination as people will be willing to pay billions of dollar for this.

It will definitely fetch millions, tens of millions probably. But it will also surely be heavily criticized. That's just to answer your what if question.

In reality, though, it will not happen. It is probably less likely to happen than the sun would rise in the west tomorrow evening. But, yeah, sometimes it is fun to just imagine things and create far-fetched scenarios.

Just to be clear, why would satoshi ever want to auction out his post as an NFT? I also don't understand why people would be lining up to throw monies at things like that especially since it's already available to the general public.


NFTs are the new gold-mine for crypto enthusiasts. It seems to be the only thing about crypto that trends with each passing day. Despite the popularity of NFTs, it's very unlikely that we'll be seeing satosji stopping by after all this years to auction his post. Very, very unlikely.

Especially since we are using cryptocurrencies and bitcoin is the creator of this market if anything that he did was signed by him then we can be sure that whatever he did will be worth a fortune, the only problem is that I do not think he will use any other network other than bitcoin in order to sign his work, after all it would be incredibly ironic if he used anything other than the bitcoin network for that , do not you think the same as well?

It looks like you’ve already got it up for sale (as a tribute):


Tribute to Satoshi Nakamoto's first post (Armando V2)
https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/38283222118839428537737299459230490688635420731801561016541431483190069952513

Actually, if we search around on the above site, and search for Bitcointalk, there are other curious instances of forum-related things up for sale ...

Only a minimum auction would reach 1 million dollars, although it would be a sensationalism of origin, it is that just the appearance of Satoshi Nakamoto is worth millions, it would be only an auction for those who want to talk to him.