dothebeats
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May 03, 2015, 07:01:46 AM |
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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.
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S4VV4S
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May 03, 2015, 07:15:39 AM Last edit: May 03, 2015, 08:40:03 AM by S4VV4S |
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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?
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dhimasnk
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May 03, 2015, 08:33:30 AM |
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Maybe Satoshi Nakamoto will perform an action at the right time. Hope he does something that can advance the bitcoin
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Q7
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May 03, 2015, 08:46:32 AM |
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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.
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amiryaqot
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May 03, 2015, 08:59:55 AM |
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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.
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shadobitz
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May 03, 2015, 09:02:43 AM |
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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.
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Amph
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May 03, 2015, 09:32:56 AM |
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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
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louise123
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May 03, 2015, 09:36:37 AM |
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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?
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young3dvard
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May 03, 2015, 09:42:19 AM |
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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 . Either that or he lost his keys maybe? He did`nt lost his keys.
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Sarthak
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May 03, 2015, 09:44:52 AM |
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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! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Satoshi is already dead! This is the truth!
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redsn0w
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#Free market
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May 03, 2015, 09:50:47 AM |
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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.
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Sarthak
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May 03, 2015, 09:53:57 AM |
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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?
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Kaneki
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May 03, 2015, 10:02:29 AM |
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I think maybe he put it somewhere as a legacy for her children and grandchildren when experiencing a financial shortfall in the future. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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redsn0w
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#Free market
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May 03, 2015, 10:11:13 AM |
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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.
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shulio
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May 03, 2015, 10:20:13 AM |
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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
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randy8777
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May 03, 2015, 10:41:56 AM |
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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.
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Mt. Gox
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May 03, 2015, 12:02:51 PM |
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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).
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Dear GOD/GODS and/or anyone else who can HELP ME (e.g. MEMBERS OF SUPER-INTELLIGENT ALIEN CIVILIZATIONS): The next time I wake up, please change my physical form to that of FINN MCMILLAN of SOUTH NEW BRIGHTON at 8 YEARS OLD and keep it that way FOREVER. I am so sick of this chubby Asian man body! Thank you! - CHAUL JHIN KIM (a.k.a. A DESPERATE SOUL) P.S. If anyone is reading this then please pray for me! [ www.chauljhin.com ]
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Amph
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May 03, 2015, 12:05:57 PM |
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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
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fryarminer
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May 03, 2015, 12:50:29 PM |
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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.
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