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Title: will satoshi nakamoto's emancipation affect bitcoin? Post by: Millzp0 on October 28, 2017, 11:11:48 PM insinuating 1M+ BTC onto the market at any time and unexpectedly will put BTC in a different direction
Title: Re: will satoshi nakamoto's emancipation affect bitcoin? Post by: DARKANGEL6415 on December 04, 2017, 12:36:33 AM insinuating 1M+ BTC onto the market at any time and unexpectedly will put BTC in a different direction First of of no one knows who satoshi is, heck for all i know you can be satoshi. Now assuming this person is still alive what makes you think they hold 1 million bitcoins. I mean I'm sure when they created bitcoin they did not anticipate for it to either grow this fast or even be around. So they could have dumped it at like $10 or $100. I dont honestly think any free sane alive person would hold on to 1 million bitcoins worth $12,000.00 each well almost lol. Title: Re: will satoshi nakamoto's emancipation affect bitcoin? Post by: betudontbet on December 04, 2017, 12:37:28 AM insinuating 1M+ BTC onto the market at any time and unexpectedly will put BTC in a different direction I don't think so, these addresses probably are lost as Satoshi never moved a single coin after being created. Title: Re: will satoshi nakamoto's emancipation affect bitcoin? Post by: jseverson on December 04, 2017, 01:36:21 AM He could spark a massive movement in price, yes. 1/16 of the current supply being dumped would surely cause quite a slide. It's pretty hard to estimate just how much, but I doubt that it alone would be able to cause long-term effects. We have survived China dumping, and it may not be a stretch to say that they collectively held more than 1 million coins.
If Satoshi himself have woken up from a long period of inactivity though, and immediately and publicly dumped his coins, the public may lose confidence in Bitcoin. It's not going to be about the value, it would be about the founder losing faith in his work. Really though, he and his coins are probably gone forever. Title: Re: will satoshi nakamoto's emancipation affect bitcoin? Post by: squatz1 on December 04, 2017, 03:32:30 PM insinuating 1M+ BTC onto the market at any time and unexpectedly will put BTC in a different direction First of of no one knows who satoshi is, heck for all i know you can be satoshi. Now assuming this person is still alive what makes you think they hold 1 million bitcoins. I mean I'm sure when they created bitcoin they did not anticipate for it to either grow this fast or even be around. So they could have dumped it at like $10 or $100. I dont honestly think any free sane alive person would hold on to 1 million bitcoins worth $12,000.00 each well almost lol. Well for one, Satoshi (the creator of Bitcoin) does own a massive amount of Bitcoins-- and even though he hasn't shown his REAL LIFE true identity that doesn't mean he's not waiting for the right time to offload all of his coins. As he could make a fucking pretty penny if he was to unlock all of those coins from the wallets. Here is an article to show what are the alleged wallets of Satoshi - https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ Yes it could though, massive supply wouldn't be matched with Demand. Title: Re: will satoshi nakamoto's emancipation affect bitcoin? Post by: BrewMaster on December 04, 2017, 03:43:58 PM only an idiot will dump 1 million bitcoin on the market in one move. not to mention the impossibility of transferring that much money out of an exchange publicly!
so unless you think Satoshi, the person or persons creating a system like bitcoin, is an idiot then your question is kind of pointless. |