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Title: Does Satoshi still have plans to access his coins? Post by: tokeweed on May 03, 2015, 03:18:13 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?"
So maybe we'll see those coins move in the future? Edit: For the newbies. Here's a wiki for "proof of burn" https://en.bitcoin.it/wiki/Proof_of_burn Title: Re: Does Satoshi still have plans to access his coins? Post by: ArticMine on May 03, 2015, 03:27:07 AM There is also the possibility that Satoshi could pass away and his or her estate would sell the coins in order to pay capital gains / and or inheritance taxes in some jurisdiction.
Title: Re: Does Satoshi still have plans to access his coins? Post by: Eastfist on May 03, 2015, 03:36:22 AM Want to, but can't. That's life.
Title: Re: Does Satoshi still have plans to access his coins? Post by: coinableS on May 03, 2015, 04:18:19 AM Was "burning" coins a thing in the early days? Maybe he destroyed the private keys or deleted his wallet on purpose instead?
Title: Re: Does Satoshi still have plans to access his coins? Post by: AcidDemo on May 03, 2015, 04:22:07 AM Maybe a big surprise in the coming years. Still waiting for his true identity to reveal.
Title: Re: Does Satoshi still have plans to access his coins? Post by: Bralex on May 03, 2015, 04:23:12 AM Was "burning" coins a thing in the early days? Maybe he destroyed the private keys or deleted his wallet on purpose instead? I would hate to think he done this unless he is already filthy rich, s/he created this awesome tech and I would love to think it changed their life and s/he was totally financially secure. Chances are s/he already was that is why they have been left or we have lost the great satoshi to this sands of time. Title: Re: Does Satoshi still have plans to access his coins? Post by: b!z on May 03, 2015, 04:32:16 AM Yes, no, maybe.
Title: Re: Does Satoshi still have plans to access his coins? Post by: peeveepee on May 03, 2015, 04:34:50 AM Was "burning" coins a thing in the early days? Maybe he destroyed the private keys or deleted his wallet on purpose instead? I would hate to think he done this unless he is already filthy rich, s/he created this awesome tech and I would love to think it changed their life and s/he was totally financially secure. Chances are s/he already was that is why they have been left or we have lost the great satoshi to this sands of time. When he started this project, he probably isn't motivated by money. Title: Re: Does Satoshi still have plans to access his coins? Post by: Searing on May 03, 2015, 04:37:38 AM Yes, no, maybe. If Satoshi is an Anarchist we are soooooooo screwed............ http://www.merriam-webster.com/dictionary/anarchist dump it all at the same time ....zowie............sheesh ...scared myself Title: Re: Does Satoshi still have plans to access his coins? Post by: Bit_Happy on May 03, 2015, 04:40:22 AM Yes, when the price is right you will probably see those coins moving. The demand will be high for BTC, so it's nothing to be afraid of.
Title: Re: Does Satoshi still have plans to access his coins? Post by: shulio on May 03, 2015, 04:40:44 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" So maybe we'll see those coins move in the future? Edit: For the newbies. Here's a wiki for "proof of burn" https://en.bitcoin.it/wiki/Proof_of_burn This has been debated for some time and there is no exact proof that if satoshi lost the private key to access that wallet since we havent see the coins moving or that he is waiting for the price to increase and move them in the future since he believe that bitcoin will/ will not be succesfull in the future Holding that alot of bitcoin isnt something for him to lose since he got them on the early stages Title: Re: Does Satoshi still have plans to access his coins? Post by: babykayho on May 03, 2015, 04:40:52 AM Was "burning" coins a thing in the early days? Maybe he destroyed the private keys or deleted his wallet on purpose instead? I would hate to think he done this unless he is already filthy rich, s/he created this awesome tech and I would love to think it changed their life and s/he was totally financially secure. Chances are s/he already was that is why they have been left or we have lost the great satoshi to this sands of time. When he started this project, he probably isn't motivated by money. The world is motivated by money my little sugar plum. He will be back to dump a nice few hundred k on our heads see how money motivated he is then shall we. Jokes aside I don't think he will be accessing the coins he would have done that already. Title: Re: Does Satoshi still have plans to access his coins? Post by: DannyHamilton on May 03, 2015, 05:20:07 AM I just assume that Satoshi is dead and that any friends or family of his knew nothing about bitcoins at the time of his death. As such, anything that might have been a private key to any of those bitcoins is long since destroyed.
Title: Re: Does Satoshi still have plans to access his coins? Post by: SaltySpitoon on May 03, 2015, 05:21:24 AM Nah, hes hanging out in Portland, too stoned to remember his password. Don't worry. ;D
Ribsthemeat Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 05:29:19 AM I just assume that Satoshi is dead and that any friends or family of his knew nothing about bitcoins at the time of his death. As such, anything that might have been a private key to any of those bitcoins is long since destroyed. Yes! I think the same! Satoshi died before he could use those coins! He told no one about this awesome project because he wanted to remain anonymous so no one knew about his project, forget the private key! Satoshi is dead! Lets not make this a big issue :) Title: Re: Does Satoshi still have plans to access his coins? Post by: Amph on May 03, 2015, 06:10:45 AM in the future with side chain we could see those coins being used, but no one know if he can't use them right now, maybe he is waiting for full mainstream before using his coins, who know...
Title: Re: Does Satoshi still have plans to access his coins? Post by: Light on May 03, 2015, 06:22:02 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Title: Re: Does Satoshi still have plans to access his coins? Post by: tokeweed on May 03, 2015, 06:25:28 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Forget about what his intentions are. But does Satoshi have plans to access his coins again? What do you think? Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 06:35:23 AM Forget about what his intentions are. But does Satoshi have plans to access his coins again? What do you think? He's Dead! How can he access his coins when he already died? ??? ( if he's not undertaker from WWE) Title: Re: Does Satoshi still have plans to access his coins? Post by: EternalWingsofGod on May 03, 2015, 06:48:59 AM Was "burning" coins a thing in the early days? Maybe he destroyed the private keys or deleted his wallet on purpose instead? That sounds like the logical choice, proof of burn is the same as mining and deleting a private key Both make the coins inaccessible. That said satoshi is either dead or just rich and developed this system in his free time, I wonder sometimes if we will ever see the coins used but I guess true anonyminity comes at a painful economic cost. Title: Re: Does Satoshi still have plans to access his coins? Post by: dothebeats on May 03, 2015, 07:01:46 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Forget about what his intentions are. But does Satoshi have plans to access his coins again? What do you think? No one knows for certain. Even though we come up with different intelligent guesses as to what will really happen in the future, we won't even get close to the actual answer because technically, we don't know anything about the person behind the name Satoshi Nakamoto. We don't even know what happened to him/her in the first place. But I have a strong feeling that the private keys were lost forever, be it intentionally or unintentionally. Title: Re: Does Satoshi still have plans to access his coins? Post by: S4VV4S on May 03, 2015, 07:15:39 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Hell, we can not even know for certain WHICH are his addresses because he only mined alone for a while in the begining. So he might have said he left, but not really. You know what I am saying? Title: Re: Does Satoshi still have plans to access his coins? Post by: dhimasnk on May 03, 2015, 08:33:30 AM Maybe Satoshi Nakamoto will perform an action at the right time. Hope he does something that can advance the bitcoin
Title: Re: Does Satoshi still have plans to access his coins? Post by: Q7 on May 03, 2015, 08:46:32 AM In the first place we don't know what happened to satoshi and neither do we know what's his plan in the future. Probably at the moment he just wants to stay low profile but when the right time comes when the bitcoin has gone mainstream he will need to use that again. Right now, we can continue to guess what's his intention.
Title: Re: Does Satoshi still have plans to access his coins? Post by: amiryaqot on May 03, 2015, 08:59:55 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Hell, we can not even know for certain WHICH are his addresses because he only mined alone for a while in the begining. So he might have said he left, but not really. You know what I am saying? yes true guesses about Satoshi's wallet addresses is like to throw a stone into space, that is much hard to know about the Satoshi's plan about these coin or maybe that just a trap to keep involve people in it that Satoshi is out from bitcoin. Title: Re: Does Satoshi still have plans to access his coins? Post by: shadobitz on May 03, 2015, 09:02:43 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Hell, we can not even know for certain WHICH are his addresses because he only mined alone for a while in the begining. So he might have said he left, but not really. You know what I am saying? yes true guesses about Satoshi's wallet addresses is like to throw a stone into space, that is much hard to know about the Satoshi's plan about these coin or maybe that just a trap to keep involve people in it that Satoshi is out from bitcoin. Satoshi is the most intelligent person and have a lot of addesses with much rich amount of bitcoin because he is early solo miner of the bitcoion. i think he will back in right time when bitcoin will be the leader of the all currencies. Title: Re: Does Satoshi still have plans to access his coins? Post by: Amph on May 03, 2015, 09:32:56 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Hell, we can not even know for certain WHICH are his addresses because he only mined alone for a while in the begining. So he might have said he left, but not really. You know what I am saying? yes true guesses about Satoshi's wallet addresses is like to throw a stone into space, that is much hard to know about the Satoshi's plan about these coin or maybe that just a trap to keep involve people in it that Satoshi is out from bitcoin. Satoshi is the most intelligent person and have a lot of addesses with much rich amount of bitcoin because he is early solo miner of the bitcoion. i think he will back in right time when bitcoin will be the leader of the all currencies. what if he is working on something else instead, something bigger than bitcoin, or something that will work together with bitcoin but need an enourmous amount of coins to start I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Hell, we can not even know for certain WHICH are his addresses because he only mined alone for a while in the begining. So he might have said he left, but not really. You know what I am saying? and because of this it could be that he have dumped a big portion in the last big ATH of bitcoin, the fact that there are not proofs, does not mean that he didn't Title: Re: Does Satoshi still have plans to access his coins? Post by: louise123 on May 03, 2015, 09:36:37 AM Well, Satoshi didn't move his coins yet,
that means that he has a reason for that, I am sure there is a purpose. Either that or he lost his keys maybe? Title: Re: Does Satoshi still have plans to access his coins? Post by: young3dvard on May 03, 2015, 09:42:19 AM Well i dont know why we guys are keep talking about satoshi coins ? Its his money no matter he moves or not . i bet he will move his coins in future as the price increases .
Quote Either that or he lost his keys maybe? He did`nt lost his keys. Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 09:44:52 AM Well i dont know why we guys are keep talking about satoshi coins ? Its his money no matter he moves or not . i bet he will move his coins in future as the price increases . Lets Bet! 8) Satoshi is already dead! This is the truth! Title: Re: Does Satoshi still have plans to access his coins? Post by: redsn0w on May 03, 2015, 09:50:47 AM I think no one know the truth about the "satoshi's bitcoin". I also think his bitcoin will never be moved or it will be a catastrophe.
Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 09:53:57 AM I think no one know the truth about the "satoshi's bitcoin". I also think his bitcoin will never be moved or it will be a catastrophe. Whatever you say, I 101% believe he is dead! How can it be moved when the owner already died? Title: Re: Does Satoshi still have plans to access his coins? Post by: Kaneki on May 03, 2015, 10:02:29 AM I think maybe he put it somewhere as a legacy for her children and grandchildren when experiencing a financial shortfall in the future. 8)
Title: Re: Does Satoshi still have plans to access his coins? Post by: redsn0w on May 03, 2015, 10:11:13 AM I think no one know the truth about the "satoshi's bitcoin". I also think his bitcoin will never be moved or it will be a catastrophe. Whatever you say, I 101% believe he is dead! How can it be moved when the owner already died? I do not think satoshi is dead. Most probable he does not want to spend his bitcoin, or he lost the access to a large part of his fund. Title: Re: Does Satoshi still have plans to access his coins? Post by: shulio on May 03, 2015, 10:20:13 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" Nobody has any clue about Satoshi's intentions. He might have earned enough in real life to not require the BTCs mined early on to sustain himself - thereby not moving the coins. He might have simply lost the private keys and so the coins can't be moved. He might have died and once again the keys lost. He may have mined later on to some addresses that we don't know about and spent from there. We simply don't know enough to make even a relatively informed guess about Satoshi's intentions. All we know for sure is that some of the early block rewards haven't been touched - that's about it. Hell, we can not even know for certain WHICH are his addresses because he only mined alone for a while in the begining. So he might have said he left, but not really. You know what I am saying? yes true guesses about Satoshi's wallet addresses is like to throw a stone into space, that is much hard to know about the Satoshi's plan about these coin or maybe that just a trap to keep involve people in it that Satoshi is out from bitcoin. Satoshi is the most intelligent person and have a lot of addesses with much rich amount of bitcoin because he is early solo miner of the bitcoion. i think he will back in right time when bitcoin will be the leader of the all currencies. what if he is working on something else instead, something bigger than bitcoin, or something that will work together with bitcoin but need an enourmous amount of coins to start If it is so, then he will of course already be moving some of his coins for test out purposes but we dont see it moved yet so I guess no perhaps he is waiting for the value to rise up or atleast he will be only use it after the world acknowledge bitcoin as a currency and is used worldwide I think no one know the truth about the "satoshi's bitcoin". I also think his bitcoin will never be moved or it will be a catastrophe. Whatever you say, I 101% believe he is dead! How can it be moved when the owner already died? You dont need the owner of the wallet to move the coins, you only need the private key but yes the owner of the wallet own the private key but if you know the private key than whoever the owner is doesnt matter Title: Re: Does Satoshi still have plans to access his coins? Post by: randy8777 on May 03, 2015, 10:41:56 AM at some point every one needs money. satoshi is no exception. it may be for personal use, or for another project. but the coins will definitely have a huge impact on the market once they start moving.
Title: Re: Does Satoshi still have plans to access his coins? Post by: Mt. Gox on May 03, 2015, 12:02:51 PM There is also the possibility that Satoshi could pass away and his or her estate would sell the coins in order to pay capital gains / and or inheritance taxes in some jurisdiction. Capital gains/inheritance taxes wouldn't need to be paid if the BTC isn't converted into fiat. Satoshi could simply give his private keys to his children in the form of a paper wallet (although after mining for 1 year, it would probably resemble a book in his case). Title: Re: Does Satoshi still have plans to access his coins? Post by: Amph on May 03, 2015, 12:05:57 PM at some point every one needs money. satoshi is no exception. it may be for personal use, or for another project. but the coins will definitely have a huge impact on the market once they start moving. i think that a person like him is waiting for the bitcoin to be widely accepted before using it(directly), because I do not think he likes to convert in fiat, otherwise he would have not created bitcoin in the first place Title: Re: Does Satoshi still have plans to access his coins? Post by: Skunk Fu on May 03, 2015, 12:16:35 PM Well, I would imagine that he did have plans since he didn't move them yet.
He might have to do so soon though.... The Chinese are going after them: https://bitcointalk.org/index.php?topic=1046243.0 (https://bitcointalk.org/index.php?topic=1046243.0) Title: Re: Does Satoshi still have plans to access his coins? Post by: fryarminer on May 03, 2015, 12:50:29 PM Satoshi has so many stalkers! He'll use the coins when he feels like it.
That being said, it's genius that Satoshi has created this whole mystery thing, because it gives us something to talk about when things are boring on the bitcoin front. Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 02:31:59 PM Satoshi is already dead! We are just imagining nonsense that never existed! There's no reason to leave Bitcoin scenario all of a sudden! Satoshi died already and he never gave his private key to someone else!
Title: Re: Does Satoshi still have plans to access his coins? Post by: redsn0w on May 03, 2015, 02:35:13 PM Satoshi has so many stalkers! He'll use the coins when he feels like it. That being said, it's genius that Satoshi has created this whole mystery thing, because it gives us something to talk about when things are boring on the bitcoin front. you make my day http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif ! Satoshi is already dead! We are just imagining nonsense that never existed! There's no reason to leave Bitcoin scenario all of a sudden! Satoshi died already and he never gave his private key to someone else! Do you know who was (is) satoshi? I think you cannot and we can't say he is dead, because we don't own the proofs. Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 02:38:29 PM Do you know who was (is) satoshi? I think you cannot and we can't say he is dead, because we don't own the proofs. Give me 1 proof that proves he still lives :) Title: Re: Does Satoshi still have plans to access his coins? Post by: redsn0w on May 03, 2015, 02:41:42 PM Do you know who was (is) satoshi? I think you cannot and we can't say he is dead, because we don't own the proofs. Give me 1 proof that proves he still lives :) Give me one proof (valid proof) 'prove' that he is dead http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif. Title: Re: Does Satoshi still have plans to access his coins? Post by: BlindMayorBitcorn on May 03, 2015, 02:46:09 PM I just assume that Satoshi is dead and that any friends or family of his knew nothing about bitcoins at the time of his death. As such, anything that might have been a private key to any of those bitcoins is long since destroyed. I respect your opinion a lot, but every time one of these threads comes up you are the first to offer the I think unlikely scenerio that the man has ceased to be. Unless this is a metaphor, I don't know why you keep trotting it out. No offence. It just strikes me as one of the more absurd possibilities. Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 02:50:14 PM Give me one proof (valid proof) 'prove' that he is dead http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif. I asked first http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif. But satoshi's email got hacked..he could have informed people through p2p foundation before that account was hacked too but NO! Plus he could have come up online here and told people that his account was hacked to stop the hacker from scamming but he didn't do that too.. This must be enough! Your turn now! :) Title: Re: Does Satoshi still have plans to access his coins? Post by: acquafredda on May 03, 2015, 02:52:37 PM OT
Satoshi is the reincarnation of Santa Claus: he lives in Lapland. And he has a whole bunch of green dressed friends... END OT Anyway, this has been always my question as well: is he alive? If so what will he do with his BTC? I don't know and that, sometimes, makes me scared and amazed at the same time. Title: Re: Does Satoshi still have plans to access his coins? Post by: dothebeats on May 03, 2015, 03:11:35 PM Who knows what really happened? If he/she died, how are we to know? Also, how can we differ a normal address from Satoshi's? An address with some early transactions could be a possibility, but the fact remains that he/she could not be alone in mining during those times. He/she could've had his/her friends know about bitcoin back in the days and those people could've mined some coins out of curiosity or help for their friend. There are A LOT of possibilities and probabilities as to what really happened to Satoshi. The only way we can be sure of who he/she is is that someone would stand in the hot seat, prove that he/she is in fact the genius behind bitcoin then problem solved (well it isn't really a problem in the first place).
Title: Re: Does Satoshi still have plans to access his coins? Post by: Kprawn on May 03, 2015, 03:15:10 PM Put yourself in his/her shoes... you have one of the biggest treasures in the world and you invented the technology that can disrupt HUGE organizations.
Will you touch those coins? I know I will not, until I can find a way to MIX it, in a way that will not be traceable. {None of the methods today, gives total anonymity} I still think, he/she lost the private key, and are scared that the world would find out. {You would really look like a fool, if you lost 1M bitcoins} It can happen to anyone.. just ask the guy, who dumped all that coins with his old Harddrive. Those coins was worth much less, when he got that... so he/she might have not worried too much about securing it. :( Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 03:23:03 PM Put yourself in his/her shoes... you have one of the biggest treasures in the world and you invented the technology that can disrupt HUGE organizations. Will you touch those coins? I know I will not, until I can find a way to MIX it, in a way that will not be traceable. {None of the methods today, gives total anonymity} I still think, he/she lost the private key, and are scared that the world would find out. {You would really look like a fool, if you lost 1M bitcoins} It can happen to anyone.. just ask the guy, who dumped all that coins with his old Harddrive. Those coins was worth much less, when he got that... so he/she might have not worried too much about securing it. :( Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them? Who knows what really happened? If he/she died, how are we to know? Also, how can we differ a normal address from Satoshi's? An address with some early transactions could be a possibility, but the fact remains that he/she could not be alone in mining during those times. He/she could've had his/her friends know about bitcoin back in the days and those people could've mined some coins out of curiosity or help for their friend. There are A LOT of possibilities and probabilities as to what really happened to Satoshi. The only way we can be sure of who he/she is is that someone would stand in the hot seat, prove that he/she is in fact the genius behind bitcoin then problem solved (well it isn't really a problem in the first place). Yes we don't know if he still exists but why didn't he even come online to tell the world that his email got hacked and don't trust any emails from that account? Title: Re: Does Satoshi still have plans to access his coins? Post by: coinableS on May 03, 2015, 03:25:05 PM I just assume that Satoshi is dead and that any friends or family of his knew nothing about bitcoins at the time of his death. As such, anything that might have been a private key to any of those bitcoins is long since destroyed. I thought he was dead as well, until he posted "I am not dorian nakamoto" last year. Title: Re: Does Satoshi still have plans to access his coins? Post by: AT101ET on May 03, 2015, 03:34:30 PM Satoshi would have trouble selling his Bitcoins for the following reasons.
1) Each of his wallets contain quite a few BTC. There's no way that he can shift so many without diluting the market. Excess supply will drive the price down. When people see that Satoshi's wallets are being liquidated they'll panic sell and drive the price down further. Everyone loses... 2) As shown in point 1, Satoshi wouldn't be able to sell all his BTC at once. If he'd want to sell some, he'd need to sell a few at a time. (Maybe a few 100 BTC sell orders but more than that would be suspicious). The problem is that all Satoshi's wallets are being watched. Once people see him playing around/moving some of his BTC, they'll panic sell and just as pointed out above, too much supply will drive the price down. So again, a lose lose situation. To be honest, I don't think there's any way possible for Satoshi to sell his way out. Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 03, 2015, 03:41:27 PM I just assume that Satoshi is dead and that any friends or family of his knew nothing about bitcoins at the time of his death. As such, anything that might have been a private key to any of those bitcoins is long since destroyed. I thought he was dead as well, until he posted "I am not dorian nakamoto" last year. Don't you think its easy to hack p2p foundation account when you most probably registered with an email account which was already hacked! It was not done by him but the hacker :) Title: Re: Does Satoshi still have plans to access his coins? Post by: fryarminer on May 03, 2015, 08:55:53 PM Satoshi would have trouble selling his Bitcoins for the following reasons. 1) Each of his wallets contain quite a few BTC. There's no way that he can shift so many without diluting the market. Excess supply will drive the price down. When people see that Satoshi's wallets are being liquidated they'll panic sell and drive the price down further. Everyone loses... 2) As shown in point 1, Satoshi wouldn't be able to sell all his BTC at once. If he'd want to sell some, he'd need to sell a few at a time. (Maybe a few 100 BTC sell orders but more than that would be suspicious). The problem is that all Satoshi's wallets are being watched. Once people see him playing around/moving some of his BTC, they'll panic sell and just as pointed out above, too much supply will drive the price down. So again, a lose lose situation. To be honest, I don't think there's any way possible for Satoshi to sell his way out. I know that I, for one, would not "panic sell" if Satoshi used some of his coins. Why should we be in apocalyptic fear that the inventor of the system use the system? And why would he sell all of them? Why would he cash out of his innovation? Title: Re: Does Satoshi still have plans to access his coins? Post by: LFC_Bitcoin on May 03, 2015, 09:26:24 PM The possibilities are endless, it's pointless debating.
Title: Re: Does Satoshi still have plans to access his coins? Post by: dothebeats on May 03, 2015, 11:03:54 PM Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them? Being the inventor of an innovation that is conceptualized to be against the current financial system and given the power he/she has over bitcoin, personally I would be more than careful for my safety because apparently, many people would like to know who am I and where do I live etc. that may be harmful for my personal safety and for my family as well. Satoshi Nakamoto did a great feat on staying anonymous, though some articles say that his/her IP address have somewhat been traced, but that doesn't mean that he/she is known already. Also, reading the progression of this thread, it seems that you're only pointing that Satoshi is VERY, VERY LIKELY DEAD, which already looks like spam to me. Tell me, what made you think that he/she is indeed dead that you keep on insisting that he/she already is? Title: Re: Does Satoshi still have plans to access his coins? Post by: jjacob on May 04, 2015, 12:06:29 AM Being the inventor of an innovation that is conceptualized to be against the current financial system and given the power he/she has over bitcoin, personally I would be more than careful for my safety because apparently, many people would like to know who am I and where do I live etc. that may be harmful for my personal safety and for my family as well. Satoshi Nakamoto did a great feat on staying anonymous, though some articles say that his/her IP address have somewhat been traced, but that doesn't mean that he/she is known already. Even if he does guard his real identity carefully, I think he may have made some mention of bitcoins in his will. It would be a shame to let all those coins lie unused for ever. Title: Re: Does Satoshi still have plans to access his coins? Post by: ajareselde on May 04, 2015, 02:43:11 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" So maybe we'll see those coins move in the future? Edit: For the newbies. Here's a wiki for "proof of burn" https://en.bitcoin.it/wiki/Proof_of_burn "Satoshi" didnt "burn" those coins because that would virtually lower the total amount of coin under 21 mil cap., so why would he go against his design ? Just to bump up value? I believe he will access them again, but thats his personal call, and i dont see why would anyone want to stalk his addresses, other than just for the f?*k of it. A lot of people consider him to be something he is not,giving him celebrity status, but just read up on how it all started and ull see that hes just like you and me, but with (now proven to be) amazing idea. Title: Re: Does Satoshi still have plans to access his coins? Post by: MicroGuy on May 04, 2015, 02:57:20 AM Maybe a big surprise in the coming years. Still waiting for his true identity to reveal. Satoshi will return in 2016 to reclaim his throne as King of Bitcoin..... Gavin will resume his role as Prince of Bug Checking. Title: Re: Does Satoshi still have plans to access his coins? Post by: Sarthak on May 04, 2015, 02:59:40 AM Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them? Being the inventor of an innovation that is conceptualized to be against the current financial system and given the power he/she has over bitcoin, personally I would be more than careful for my safety because apparently, many people would like to know who am I and where do I live etc. that may be harmful for my personal safety and for my family as well. Satoshi Nakamoto did a great feat on staying anonymous, though some articles say that his/her IP address have somewhat been traced, but that doesn't mean that he/she is known already. Also, reading the progression of this thread, it seems that you're only pointing that Satoshi is VERY, VERY LIKELY DEAD, which already looks like spam to me. Tell me, what made you think that he/she is indeed dead that you keep on insisting that he/she already is? You think I am spamming in this thread, huh? I am trying to debate on why you think why is he still living! And the reply to the last question I have already answered to redsn0w check it above http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif. Title: Re: Does Satoshi still have plans to access his coins? Post by: Leeroy Jenkins on May 04, 2015, 03:47:51 AM Satoshi probably deleted all copies of his private keys to prevent himself from falling into temptation. This does not address wether he handed those keys to someone else for a possible diversionary tactic later on.
What's wrong with you guys? Not enough tinfoil these days? ::) He could also have setup a deadman's switch to erase any traces on his dev systems (if he died or lost access to them after a period of time). Title: Re: Does Satoshi still have plans to access his coins? Post by: redsn0w on May 04, 2015, 05:26:19 AM Give me one proof (valid proof) 'prove' that he is dead http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif. I asked first http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif. But satoshi's email got hacked..he could have informed people through p2p foundation before that account was hacked too but NO! Plus he could have come up online here and told people that his account was hacked to stop the hacker from scamming but he didn't do that too.. This must be enough! Your turn now! :) Interesting point of view, but as an user said he "back online" one time in the 2014 to say "I'm not Dorian nakamoto". However you are free to believe whatever you want ;). Maybe one day he will back online and he will write something else. Title: Re: Does Satoshi still have plans to access his coins? Post by: DDOSbtc on May 04, 2015, 05:35:29 AM "" Does Satoshi still have plans to access his coins? ""
yes ofcourse i think... or he is dead.. :( Title: Re: Does Satoshi still have plans to access his coins? Post by: AGD on May 04, 2015, 06:00:43 AM Everything looks like he is dead, but he might still have had a plan to access his coins afterlife.
Title: Re: Does Satoshi still have plans to access his coins? Post by: shulio on May 04, 2015, 07:45:48 AM Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them? Have you ever thought of the possibilites that satoshi wish to stay anonimous becayse he doesnt want people to know who he is because he might be a celebrity and alot of countries will be pursuing him in attempt to make him work for the country? Satoshi could be the quiet guy that doesnt need any fame at all and no there is no proof that he is dead already Title: Re: Does Satoshi still have plans to access his coins? Post by: AGD on May 04, 2015, 08:18:42 AM Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them? Have you ever thought of the possibilites that satoshi wish to stay anonimous becayse he doesnt want people to know who he is because he might be a celebrity and alot of countries will be pursuing him in attempt to make him work for the country? Satoshi could be the quiet guy that doesnt need any fame at all and no there is no proof that he is dead already Where is your proof that he is alive? Title: Re: Does Satoshi still have plans to access his coins? Post by: fonenumba on May 04, 2015, 08:25:09 AM If he is still alive , I dont think he has plans to access his coins. I think he is already rewarded to get successfully Bitcoin alive. And thats enough for him.
He just moved on his life. Im really doubtful he will back to Bitcoin in any sense(if hes alive). But definitely, it will be debated by us for along time. Title: Re: Does Satoshi still have plans to access his coins? Post by: R2D221 on May 04, 2015, 01:07:15 PM there is no proof that he is dead already Where is your proof that he is alive? Where is your proof that he is dead? Title: Re: Does Satoshi still have plans to access his coins? Post by: majorX on May 04, 2015, 01:15:55 PM there is no proof that he is dead already Where is your proof that he is alive? Where is your proof that he is dead? Where is the proof I didn't rejoin the army and go and chew gum and kick ass? I believe I am alive but I will not return as the great satoshi because the fame was getting to much. For everyone's information I never deleted my private keys and when the time is right I will be offloading them on you all my friendly bunch. Note.. I am not satoshi but I don't believe he deleted keys but do wonder where the fk he is, abducted by aliens? Was an alien! hmmmm Title: Re: Does Satoshi still have plans to access his coins? Post by: AGD on May 04, 2015, 03:49:29 PM there is no proof that he is dead already Where is your proof that he is alive? Where is your proof that he is dead? Proof: http://altcoinstrader.com/wp-content/uploads/2014/03/6BiiAax.jpg Title: Re: Does Satoshi still have plans to access his coins? Post by: fryarminer on May 06, 2015, 12:50:08 PM there is no proof that he is dead already Where is your proof that he is alive? Where is your proof that he is dead? Proof: http://altcoinstrader.com/wp-content/uploads/2014/03/6BiiAax.jpg My new desktop image hahaha! Title: Re: Does Satoshi still have plans to access his coins? Post by: BTC_Superman on May 12, 2015, 06:37:48 PM Time will say, waiting some more months what will happen.
Title: Re: Does Satoshi still have plans to access his coins? Post by: juju on May 12, 2015, 07:55:01 PM Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them? Have you ever thought of the possibilites that satoshi wish to stay anonimous becayse he doesnt want people to know who he is because he might be a celebrity and alot of countries will be pursuing him in attempt to make him work for the country? Satoshi could be the quiet guy that doesnt need any fame at all and no there is no proof that he is dead already Where is your proof that he is alive? Well not much proof exists either way, the message satoshi sent revealing to us he is not Dorian Nakamoto on GMX.com, could be considered a sign that he is alive. Granted he should have signed the message to give us more validation. More likely than him being dead is he is just involved with other research topics currently, satoshi was well aware of the 'hornets nest' before/during/after Bitcoin was introduced to the public. Satoshi's entrance, existence and exit in the community were all carefully planned out ahead of time. Also for those thinking that satoshi 'lost' his private keys... stop kidding yourself. If someone architects a system reliant on asymmetric cryptography, how could they ever forget to save the KeyPairs...never would that happen. Title: Re: Does Satoshi still have plans to access his coins? Post by: e1ghtSpace on May 12, 2015, 09:00:28 PM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" I think the coins will eventually move to either a burn address or to a charity or something.So maybe we'll see those coins move in the future? Edit: For the newbies. Here's a wiki for "proof of burn" https://en.bitcoin.it/wiki/Proof_of_burn I don't think he just deleted his wallet, unless he did it accidentially and then just gave up. Title: Re: Does Satoshi still have plans to access his coins? Post by: Pab on May 12, 2015, 10:51:51 PM I think that Satoshi is not one man,it is project of more people,what they will do or did do,i dont,i think thay didnt expected that in so short time it will be so huge,future is always crazy
Title: Re: Does Satoshi still have plans to access his coins? Post by: MicroGuy on May 13, 2015, 02:26:20 AM Satoshi is living in a crawlspace inside Gavin's home.
Late at night he sneaks out and they drink ice-cold Snapple™ and talk about how they'll spend all that BTC one day. Title: Re: Does Satoshi still have plans to access his coins? Post by: ticoti on May 13, 2015, 02:27:41 AM I think he will live on bitcoin if he can,but I think he will never sell 100% of bitcoins he have to dump,it would be really bad for the market and bitcoin enviroment
Title: Re: Does Satoshi still have plans to access his coins? Post by: Beliathon on May 13, 2015, 02:33:47 AM At this point six years in, there is little reason to believe Satoshi will ever exchange any of his/her/their bitcoins for fiat.
Title: Re: Does Satoshi still have plans to access his coins? Post by: AGD on May 13, 2015, 04:27:30 AM Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them? Have you ever thought of the possibilites that satoshi wish to stay anonimous becayse he doesnt want people to know who he is because he might be a celebrity and alot of countries will be pursuing him in attempt to make him work for the country? Satoshi could be the quiet guy that doesnt need any fame at all and no there is no proof that he is dead already Where is your proof that he is alive? Well not much proof exists either way, the message satoshi sent revealing to us he is not Dorian Nakamoto on GMX.com, could be considered a sign that he is alive. Granted he should have signed the message to give us more validation. More likely than him being dead is he is just involved with other research topics currently, satoshi was well aware of the 'hornets nest' before/during/after Bitcoin was introduced to the public. Satoshi's entrance, existence and exit in the community were all carefully planned out ahead of time. Also for those thinking that satoshi 'lost' his private keys... stop kidding yourself. If someone architects a system reliant on asymmetric cryptography, how could they ever forget to save the KeyPairs...never would that happen. Not when his email account was hacked and a random hacker has sent this message, like in this case... Title: Re: Does Satoshi still have plans to access his coins? Post by: Amph on May 13, 2015, 07:01:50 AM At this point six years in, there is little reason to believe Satoshi will ever exchange any of his/her/their bitcoins for fiat. there is any proof that he did not exchanged any at all yet? i don't think so, he could also be the cause of the crash from 1200 to 200 Title: Re: Does Satoshi still have plans to access his coins? Post by: Omikifuse on May 13, 2015, 07:19:29 AM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" So maybe we'll see those coins move in the future? Edit: For the newbies. Here's a wiki for "proof of burn" https://en.bitcoin.it/wiki/Proof_of_burn no one here has direct line with Satoshi. There is no way to know what is going to happens with Satoshi's btc. They might move now, soon, decades from now or never. We will only know when they move or when the time reaches its end. Title: Re: Does Satoshi still have plans to access his coins? Post by: Ingatqhvq on May 13, 2015, 12:58:19 PM If he doesn't want to keep his anonymous, he can spend his bitcoin.
If he use it he has the risk exposure his identity. Title: Re: Does Satoshi still have plans to access his coins? Post by: btcsnatcher on May 13, 2015, 03:50:58 PM If Satoshi would have wanted to use his bitcoins he would have done so when the cost of bitcoin reached $1200... nevertheless it would have risked his anonymity, also t is based under the assumption that he has 1.5 million bitcoins... what's he gonna do with them if not spend them or utilize them.. keep them as a souvenir... I hardly think so...
Anyways... Human mind is a complex structure and a mind of a person as smart as Satoshi... maybe he has found out a way to do something with all his bitcoins by not doing anything with them... MIND=BLOWN :o :o :o Title: Re: Does Satoshi still have plans to access his coins? Post by: AGD on May 13, 2015, 04:00:50 PM If Satoshi would have wanted to use his bitcoins he would have done so when the cost of bitcoin reached $1200... nevertheless it would have risked his anonymity, also t is based under the assumption that he has 1.5 million bitcoins... what's he gonna do with them if not spend them or utilize them.. keep them as a souvenir... I hardly think so... Anyways... Human mind is a complex structure and a mind of a person as smart as Satoshi... maybe he has found out a way to do something with all his bitcoins by not doing anything with them... MIND=BLOWN :o :o :o There is something more than just an "assumption" that Satoshi has 1 Mio BTC (not 1.5): https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ Title: Re: Does Satoshi still have plans to access his coins? Post by: LiteCoinGuy on May 13, 2015, 04:05:40 PM Was "burning" coins a thing in the early days? Maybe he destroyed the private keys or deleted his wallet on purpose instead? thought the same. i think he deleted the keys to the very early coins. Title: Re: Does Satoshi still have plans to access his coins? Post by: LiteCoinGuy on May 13, 2015, 04:08:52 PM there is no proof that he is dead already Where is your proof that he is alive? Where is your proof that he is dead? Proof: http://altcoinstrader.com/wp-content/uploads/2014/03/6BiiAax.jpg goxxed. Title: Re: Does Satoshi still have plans to access his coins? Post by: btcsnatcher on May 13, 2015, 04:14:58 PM If Satoshi would have wanted to use his bitcoins he would have done so when the cost of bitcoin reached $1200... nevertheless it would have risked his anonymity, also t is based under the assumption that he has 1.5 million bitcoins... what's he gonna do with them if not spend them or utilize them.. keep them as a souvenir... I hardly think so... Anyways... Human mind is a complex structure and a mind of a person as smart as Satoshi... maybe he has found out a way to do something with all his bitcoins by not doing anything with them... MIND=BLOWN :o :o :o There is something more than just an "assumption" that Satoshi has 1 Mio BTC (not 1.5): https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ "Note that from the 1814400 BTC awarded, 1148800 BTC has never been spent (63%). I suppose (but have not checked it yet) that these are exactly the segments that belong to the mystery entity," Title: Re: Does Satoshi still have plans to access his coins? Post by: Beliathon on May 13, 2015, 07:19:06 PM At this point six years in, there is little reason to believe Satoshi will ever exchange any of his/her/their bitcoins for fiat. there is any proof that he did not exchanged any at all yet? Yes noob, of course Satoshi's addresses are known and watched. http://media.giphy.com/media/hQY7rPlW3Vc3K/giphy.gif Title: Re: Does Satoshi still have plans to access his coins? Post by: cellard on May 13, 2015, 08:40:36 PM I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?" So maybe we'll see those coins move in the future? Edit: For the newbies. Here's a wiki for "proof of burn" https://en.bitcoin.it/wiki/Proof_of_burn no one here has direct line with Satoshi. There is no way to know what is going to happens with Satoshi's btc. They might move now, soon, decades from now or never. We will only know when they move or when the time reaches its end. Title: Re: Does Satoshi still have plans to access his coins? Post by: neurotypical on May 13, 2015, 09:09:33 PM Satoshi invented this, how can you even doubt that he doesn't have everything planed and safely stored? Everything satoshi does is for a reason and for Bitcoin's sake.
Title: Re: Does Satoshi still have plans to access his coins? Post by: bitllionaire on May 13, 2015, 09:11:05 PM I don't think so,at least not to all the coins, he may access to some coins to have a good life,but he will never sell the whole amount of bitcoins in his property
Title: Re: Does Satoshi still have plans to access his coins? Post by: btcsnatcher on May 14, 2015, 02:04:16 AM Satoshi might be somewhere watching the posts that we make making assumptions as to why he would or won't sell his possession of bitcoins... and thinking "hehehe...I'll just wait and watch these guys until I create another mind boggling invention... till then... "where's my popcorn for this topic"" (If he eats popcorn, that is) ;D :P
Title: Re: Does Satoshi still have plans to access his coins? Post by: 9kv on May 14, 2015, 02:04:50 AM nah, he's not going to use them.
Title: Re: Does Satoshi still have plans to access his coins? Post by: Mt. Gox on May 15, 2015, 02:58:25 AM If Satoshi would have wanted to use his bitcoins he would have done so when the cost of bitcoin reached $1200... nevertheless it would have risked his anonymity, also t is based under the assumption that he has 1.5 million bitcoins... what's he gonna do with them if not spend them or utilize them.. keep them as a souvenir... I hardly think so... I thought 1 million was the most commonly accepted figure for Satoshi's stash. And how would he have known that $1,200 was the ultimate top? It's pretty obvious from reading his earliest posts that Satoshi thought Bitcoin could achieve prices much higher than $1,200: Quote from: satoshi I would be surprised if 10 years from now we're not using electronic currency in some way, now that we know a way to do it that won't inevitably get dumbed down when the trusted third party gets cold feet... Quote from: satoshi Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume. Assuming that he's still alive, we know that he definitely witnessed the $33 high in June 2011 and the $265 high in April 2013. He could have cashed out during these peaks but didn't. He probably saw the $1,200 high in November 2013 in much the same way. Title: Re: Does Satoshi still have plans to access his coins? Post by: Mikestang on May 15, 2015, 07:05:19 AM Satoshi just called me, he said I can have all his bitcoins. So that's settled then.
Title: Re: Does Satoshi still have plans to access his coins? Post by: btcsnatcher on May 15, 2015, 02:16:28 PM If Satoshi would have wanted to use his bitcoins he would have done so when the cost of bitcoin reached $1200... nevertheless it would have risked his anonymity, also t is based under the assumption that he has 1.5 million bitcoins... what's he gonna do with them if not spend them or utilize them.. keep them as a souvenir... I hardly think so... I thought 1 million was the most commonly accepted figure for Satoshi's stash. And how would he have known that $1,200 was the ultimate top? It's pretty obvious from reading his earliest posts that Satoshi thought Bitcoin could achieve prices much higher than $1,200: Quote from: satoshi I would be surprised if 10 years from now we're not using electronic currency in some way, now that we know a way to do it that won't inevitably get dumbed down when the trusted third party gets cold feet... Quote from: satoshi Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume. Assuming that he's still alive, we know that he definitely witnessed the $33 high in June 2011 and the $265 high in April 2013. He could have cashed out during these peaks but didn't. He probably saw the $1,200 high in November 2013 in much the same way. I think he was optimistic about the growth of Bitcoin as a currency otherwise he wouldn't have created it... and his hard work paid off... as for his plans for accessing the bitcoins when they were $1200... I think he won't do it... otherwise it could be seen as the creator himself selling off a portion or entire possession of bitcoins which could result in loss of confidence in bitcoins by newer members of bitcoin community... moving BTCs through transactions could have worked out great... but who knows what's going on his mind ??? Title: Re: Does Satoshi still have plans to access his coins? Post by: JayCrypto on May 15, 2015, 02:22:27 PM I guess he has lost his wallet. Whereas not he thought that btc would have a so huge impact. He have had so much time to wash his btc and stay anonymous, but he still stay away from that fortune. It is too much strange!
Title: Re: Does Satoshi still have plans to access his coins? Post by: Lorenzo on May 15, 2015, 03:08:05 PM If Satoshi would have wanted to use his bitcoins he would have done so when the cost of bitcoin reached $1200... nevertheless it would have risked his anonymity, also t is based under the assumption that he has 1.5 million bitcoins... what's he gonna do with them if not spend them or utilize them.. keep them as a souvenir... I hardly think so... I thought 1 million was the most commonly accepted figure for Satoshi's stash. And how would he have known that $1,200 was the ultimate top? It's pretty obvious from reading his earliest posts that Satoshi thought Bitcoin could achieve prices much higher than $1,200: Quote from: satoshi I would be surprised if 10 years from now we're not using electronic currency in some way, now that we know a way to do it that won't inevitably get dumbed down when the trusted third party gets cold feet... Quote from: satoshi Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume. Assuming that he's still alive, we know that he definitely witnessed the $33 high in June 2011 and the $265 high in April 2013. He could have cashed out during these peaks but didn't. He probably saw the $1,200 high in November 2013 in much the same way. I think he was optimistic about the growth of Bitcoin as a currency otherwise he wouldn't have created it... and his hard work paid off... as for his plans for accessing the bitcoins when they were $1200... I think he won't do it... otherwise it could be seen as the creator himself selling off a portion or entire possession of bitcoins which could result in loss of confidence in bitcoins by newer members of bitcoin community... moving BTCs through transactions could have worked out great... but who knows what's going on his mind ??? From reading the earliest conversations between Satoshi and Hal Finney, it's apparent that Bitcoin was designed to be a direct competitor to fiat currencies from the very beginning. Satoshi selling his coins would be almost tantamount to a statement that fiat currencies are preferable to BTC which would likely have deep implications far into the future. A quick look at the genesis block and the message that has been embedded within it ("The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.") pretty much shows how unlikely this scenario would be. I guess he has lost his wallet. Whereas not he thought that btc would have a so huge impact. He have had so much time to wash his btc and stay anonymous, but he still stay away from that fortune. It is too much strange! See above. It's also possible that Satoshi is already wealthy enough or is otherwise satisfied with his current standard of living that he doesn't see the need to tap into his Bitcoin fortune. Title: Re: Does Satoshi still have plans to access his coins? Post by: JayCrypto on May 15, 2015, 05:53:04 PM Forget about what his intentions are. But does Satoshi have plans to access his coins again? What do you think? He's Dead! How can he access his coins when he already died? ??? ( if he's not undertaker from WWE) |
