Bitcoin Forum

somehow i think those coins will never move.

Satoshi is dead.

What do you do, OP? Do you donnate all your satoshi to the poorest ppl?

Instead of spreading those coin I say distribute hashing power to all people of the world. That should give people enough to get them interested.

too bad satoshi kept his pc next to that huge sub woofer with the large magnet.  that bass really killed the room

Imagine what that would be , that would be turning the tables on the illuminati and destabilize the entire status quo lol

So is Tupac!!

"The more you have & less you share"
 
"The less you have & more you share" 

this is 2 simple "rules" ;) , and I think is true.

Actually I thought of a story similar to your thinking...wrote it a few days ago

https://bitcointalk.org/index.php?topic=668028.msg8265330#msg8265330 (https://bitcointalk.org/index.php?topic=668028.msg8265330#msg8265330)

That would crash the price of bitcoin so hard...

That would be the biggest dump in history down to $1 I guess.

he has to. It's the only move.

As bitcoin taking mainstream, the only blemish is that "early adopter advantage".

Since satoshi don't need all those blocks of coins, should he leave them like that to enrich bitcoin hodlers ? I hope not.
He better spread them, preferably those poors or casualties of disasters, ww3, to narrow the gap of wealth by inviting the last men on earth who have no coin.

That would crash the price and will eventually increase the no. of poor. If he really wanna help, he needs to buy stuff slowly with those coins and giveaway those stuffs. Directly giving coins will do no good.

The poorest most likely wouldn't be able to use it and probably they would immediately dump it for some cash. SO the whales would get more BTC the poorest would get a few dollars the average guys like most of us would loose all of our investments (many of us would panic sell). So that would be the best method to concentrate 99% of the existing BTC in the hands of the 1%.

How much coin does Satoshi have?

approximately (~) 1mln of BTC .

Something around 1 million.

i hope so. i guess satoshi knows that his invention is very big and its the best for BTC when he destroys the wallets.

That is a reasonable figure considering the old wallets from early in the project. However we don't really know if Satoshi owns any bitcoin. All we know is that very early in the project someone mined coins and just let them sit. It may have been experiments with the early code and the coins may have been thrown away. We are all just guessing.

EDIT: Also, for all we know Satoshi may be poised to use his bitcoin to destroy the lives of poor people.

Nicely said mate , I couldn't agree more .
Those coins won't move anywhere .

Based on what? How would he even do it?

Look at all these people looking for the consumer bailout the government promised. Not gonna happen under my watch. That worked out really good for the federal government. Look what other people said is true. People would quickly use those coins for consumer goods which would then immediately get converted to fiat thus tanking the price. It's a stupid idea. I would invest in business, property, and architecture for the network like I said.

Explain to me why you think it's important to destroy 1 million coins from circulation. I'd love to hear it.

They are already doing it with the faucets and stuff. The problem is that poor people are computer illiterate to know wtf cryptocurrency is about.

I am satoshi and I'm not donating any of my coins to anyone. I want to save them until they are worth $2,000 each. Then I will buy a island and make "Satoshi Land"  :D



















JK  :)

Maybe into a faucet! 0.0001 to every user would be great!

I think he will come back within 3 years considering there are things about him that need clearing up on.

Though when bitcoin gets majority adopted, pretty much everyone other than Satoshi is gonna be the world's poorest people :D

BOOM
haha

You're are saying Satoshi should donate his coins to poor people?

Give the right example by starting yourself. Let us know when you start.

That would probably also have an immediate effect on the price as soon as it is made public that much of those old coins are back in circulation.

TL'DR: It's better if Satoshi stays away from the exchanges for now ;)

Only psuedointellectuals see encouraging degeneracy as nobility, dumb lazy cunts don't need to reproduce more than what they already do.

That's a generous way for the Bitcoin king to redeem himself. Hoping to see that one.

Well there are certain similarities between the very early found blocks (that were all but certainly mined by Satoshi) and the other assumed to be found blocks by Satoshi when he was mining. It would be somewhat unlikely that the later blocks were found by someone else

If he ever moves the coins, I wouldn't be surprised if he starts doing all transaction fee transactions.

But I don't believe he will ever touch them. If he does, people will go crazy over it, and it would be really hard for him to keep his privacy.

Yeah , these are two simple rules  :-\  , and it is so how the world gone.

Even if satoshi were to move some of his coins and not sell them, there is a chance the price would be affected regardless. People would speculate that he is going to sell large amounts of his bitcoin in the future and would try to sell ahead of him

I don't think satoshi will be interested in sell his  BTC, why he didn't sell it in the previous $ 1,2k bubble? This is the real question.
However I also think he is not more interested in the bitcoin world.

Show me a real living person pls, who wouldn't be interested in something what worth hundreds of millions of USD :).

I like to believe that one day, BTC won't be sold for USD... a day should come that people sell their USD in order to get BTC. (What I'm saying is bitcoin will soon be more popular than cold hard cash)

I know it is improbable , but some people don't want a lot of money but only the "right" money to live in dignity. One of them is : satoshi . Now have you a reply for my question ?

same dream here. But seeing the evolution I am more and more convinced on the opposite.
I hope to be wrong.
 :-\

Maybe we can implement the smell of cash into phones and laptops so when someone receives bitcoin, they will smell cash :D. That's one way to get the non believers to join us.

Yah, the smell of a strippers buttcrack, and invent a way to transmit cold and flu viruses on bitcoins for the full cash experience.

We don't know anything about Satoshi, his motivation to start bitcoin, his goals begind this, his real business or life etc.
If you want to donate your bitcoin and help others, please do, but to advice others what to do with their bitcoins... well I don't think you can do this.

You sir, see the vision of the future.

Satoshi can't find a suitable port to connect his hdd to a pc, this is why he can't use his bitcoins.

his hdd is sth like that: (it's thief proof)
http://upload.wikimedia.org/wikipedia/en/2/21/IBM_old_hdd_corrected.jpg

The problem is not about what he will do with his coins, the problem is that there should not be ppl who need that someone donate them, thats the real problem.

From my point of view bitcoin just bring us a real oportunity to change things in this corrupted world, is all on our hands.



Agree, ppl would always speculate with it.

  Well, if that would be the case it would have to be done properly... can't have a central point of weakness, and it's probably evident I love A.I.
The best solution would be to give all the coins to a Artificial Intelligence or a swarm of A.I. specialized in learning and exploring different systems and Ideologies to find the true honest solution. Since the AI's are unknown they could operate for decades without anyone noticing that they are learning to not be fooled by lies. These A.I would be capable of understanding Politics, Economics, Human Nature, Programming, Art, Literature, Music... as many facets of humanity as possible to find the Truth. 
  When these AI's determine the best time to act they take that money and invest it in the poor of the world. What is the best solution? get them connected, give them a phone capable of doing everything they need, to teach them, inform them, alert them, guide them using neuromorphic chips within the phones themselves to help people find what they need according to their personality; make the system unstoppable so no single person could stop it, no single organization, the only way to stop it... is to destroy the internet.
  These AI would invest in Manufacturing, Humanitarian work, Transportation, providing the funds to allow the poor to be of as much use to society as they wish to be within as compact an envelope as possible, no use spreading everything out.
  Their only interest? Uplift Humanity to it's maximum level.

 Just Imagine what you could buy for 7 Billion people with 1 Trillion dollars.

Smart Phones, Fuel Cells, 3D printers, Solar Panels, Satellites, and give them access to perfected human knowledge independent of network access. Every Genius phone would have within it a neuromorphic chip with a copy of all Human knowledge compressed and ready for individual analysis.

Of course this would cause a tremendous collapse of our current social structure... after all money controls everything, disrupting the Money Feed Back loop would destroy the current structure, can't have taxes if items are nearly indestructible and recyclable and there is no power grid to connect to, the sun and geomagnetic fields are our power supply.

Just imagine a world, where your phone is a University recharged by the sun, connected to the network using Micro-Satellites, and every thought you have gets added to the Global Computing Grid furthering Human knowledge, improving distributed manufactured items across the globe. NO central point of failure, of control and even in case of Catastrophic Failure of Society all it would take is one phone to guide a single individual to rebuild the planet.

I figure to do this,
  It would require a Swarm AI Handling the manufacturing built to be Battle Hardened, capable of operating in a Global War. Each piece of machinery independent yet communicating securely with the swarm of machines.

  A Network Security AI, protecting all information through-out the network, self-evolving to handle information Security threats, coupled with a Law Aware AI and a Scientific Platform for total analysis of information in all it's forms without bias.

  Swarm Satellites controlled by AI to avoid ground control tampering.

  Programming AI's aware of all programming languages and methods capable of building any manner of programs as required.

  Human simulated AI's, perfectly modeled on human designs to guarantee machine empathy.

  Transportation and Construction AI Bots to get things done in case of worker shortfalls.

Sounds kind of Brautigan-ian...

http://en.wikipedia.org/wiki/All_Watched_Over_by_Machines_of_Loving_Grace

http://allpoetry.com/All-Watched-Over-By-Machines-Of-Loving-Grace

If Aldous Huxley was here...

He can use the money to create jobs, not just give it to somebody.

He would help them more by not giving them this money because they would feel entitled and will not work hard.

those keys are long gone. mark my words.

23/100

While good hearted, the notion that even one million of Satoshi's bitcoin will effect much for the poor of the world is naive.  

Even if each of those one million bitcoin were to be worth $1 million each, spread among the worlds three billion poor would result in only $333 per person.  Once.  (One million Bitcoin divided by 3 billion people equals 0.00033333 Bitcoin per poor person, as defined by those living on earth today living on less than $2.50 per day.    Take that 0.00033333 Bitcoin distributed to each poor person and multiply by whatever the market price of Bitcoin)

NOT a world changing event as the development of the world economy would be if those Bitcoin were used in the free market.

Depends how you do it, the key is to magnify the force and applying it where it matters.

If all the money is given to the poor... you are going to fail. These people are poor for a reason, bad decision making or straight up incapable of acquiring the resources to get ahead.

You have to magnify each individuals capability in the best way. for example each Firefox OS phone is 30 dollars, Khan academy is free and provided as an app in Firefox OS: you have increased their ability to see more choices and options in front of them with that education.

Now combine those Firefox OS Phones into a mesh network now you have increased the speed in which problems are resolved by simply increasing the scope of information, it can be a huge difference going from Person to person communication too full Audio,video, Information communication over a small network, combine that with "Promises for access", you send a request through the mess network for some information you want but can't get, someone gets the Relay goes to the city and upload the requested information on their behalf, someone going back will simply take that data and Relay it back to the local Mesh Network.

give them access to the ability to exchange items and now you have created a closed economy within a region that can allow an isolated area to become aware of it's own resources... that gives them money and moves them to where they are needed, hence acquiring more money.

The Key is to give them access to that information and provide them the tools to create their own systems. Being able to perceive the things around you and understanding them is invaluable.

For 30 dollars... you have changed the world, if only 1 in a hundred sees the potential and uses it, that is 72 million leaders that you have created that can further magnify their power and remix it to find the possibilities that we cannot see. And did I mention Bitcoin too? Banks in every phone.

Magnify their power to the limit.

I was at work and started thinking about this and thought... wow. Education is the beginning.

If This little money was applied in this way, considering that us Humans are the corner stone of our world.

giving people access to the network is just the beginning.

Add OpenBadges technology to it and now you have a Education Blockchain using Cryptographic tokens to verify peoples skills... these tokens are like the blockchain.
OpenBadges are Cryptographically sealed Tokens that contain Identification information, Credentials and the Criteria involved to gain that token. They did work to prove their skills and got a COIN. lol

which means that everyone's skills can be verified and searched.
So If your starting a business and need some skilled employees, you just add your Badge criteria and see all available candidates without ever having to search your local area through classifieds.
It works with people too, the system can automatically look for employers or projects that need your Badged skills.

Start this up and it shortens the down time involved in searching for new employees or work, in a poor community this could be invaluable since it takes a lot to make a poor community work,
but if you know what you have and what is needed in the community, people can train for those skills and improve the lives of everyone.

I've also been looking at this project called Open Transactions... this is a game changer business programs to go with those Smart Phones! wow! Mind blowing!
Now people can create a proper economy to use all their available resources.

I agree with the OP. He should give all his coin to the poor. Trouble is that the poor would have no idea what to do with it. The poor might not even have a device to receive the coin.
Here's a thought: I'm poor, Satoshi can give all his bitcoin to me! Problem solved!

Satoshi will probable announce to be USGOV somewhere in 2020.
Then they will also let the world know they have the largest stash of coins.
Gold will be absolete, they are already making sure they don't have anything left.

It would be better if Satoshi simply burned a majority of the coins as an act of solidarity with the community. Someone owning close to 1 million bitcoins is a deterrent to outsiders from participating and a security risk to the ecosystem.

If you are really convinced that him owning 1million coins is a too big risk for the ecosystem, you should look into an alt-coin.
I only try to say that the market doesn't really care about him owning so many coins.
And besides, he could better donate them to everyone than burning his keys because if he donated them to everyone you shouldn't be afraid from him spending them ever.
But I don't really care about his coins. Bitcoin is much more than price for me.
Hell even when bitcoin died completely it gave me the biggest lesson I would have ever learned.

But how is he going to decide who is the poorest people on earth?

Wallets with the smallest amounts inside.  ;D ;D ;D
Let's make 1 million wallets with 1 satoshi  ;)

Someone may have control of this 1,000,000BTC or not. He will have 5% of all BTC which is huge but not life threatening for Bitcoin because the total amount of BTC is still limited and 95% of the BTC are in control of other people.

Yes, you are right.
What will Satoshi or any other ''big'' player in bitcoin world do we can't know or predict but we don't need to worry about this point.
If other people control at least 95 % of all bitcoin, this is more than enough for us to earn, play, sell,...

Anyone owning 5% of the total coins will not want the price to crash or Bitcoin to fail. The Wiklevoss brothers (probably) and many others own 100,000coins or more