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Author Topic: What will Satoshi Nakamoto do with his Bitcoins?  (Read 2379 times)
m4nki
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February 12, 2016, 12:38:34 PM
 #1

Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?


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1Referee
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February 12, 2016, 12:43:05 PM
 #2

He might slowly mix the coins in his less famous wallets and use it to pay bills or buy some stuff that he needs and live his life like he normally would.

lostintranslation
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February 12, 2016, 12:45:16 PM
 #3

Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?




With this amount of money one could help significantly in solving big social issues of mankind, such as hunger or several tropical diseases.
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February 12, 2016, 12:46:21 PM
 #4

You could have assumed the stuff he can do them as you have assumed the number of bitcoins he owns.That blog article seems superficial.If I was Satoshi Nakamoto I would definitely use them to pay my bills and maybe distribute them among the core developers who are still keeping it going.


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aubert
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February 12, 2016, 12:49:25 PM
 #5

if he'd sell his whole btc the bitcoin price will go down so im sure he's selling his btc one by one and this will not giving any affect to market,from his bitcoin he can buy anything he want except a planet

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xslugx
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February 12, 2016, 12:52:06 PM
 #6

Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?



Well first he gonna mix them slowly before using them.

Then I bet he could use them for "greater good" cause using them for personnal profit would destroy his reputation and btc rep.

The important part is that he can't dump them. That would instantly destroy btc :/

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hee-ho.


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February 12, 2016, 01:03:43 PM
 #7

without knowing who satoshi really is and what he's into we can't tell for sure what he's going to do with his coins (if he still have them).

satoshi can choose to leave them, spend small amounts now and then or just dump the whole thing to make massive fortune (unlikely).

I can't help but suspect that the whole bitcoin community will be scared shitless if satoshi ever shows up and claims that he really does have those coins.

lurking.
jyakulis
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February 12, 2016, 01:07:22 PM
 #8

Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?




With this amount of money one could help significantly in solving big social issues of mankind, such as hunger or several tropical diseases.

Wow, ok let's hope he starts making more vaccines!
kacak41
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February 12, 2016, 01:10:28 PM
 #9

if he'd sell his whole btc the bitcoin price will go down so im sure he's selling his btc one by one and this will not giving any affect to market,from his bitcoin he can buy anything he want except a planet

Yeah, he is enjoying the success of his invention and would be really happy to see the people supporting and using its invention for their benefits and earning good money out of it, he would be amazed by the support he is getting from the people across the globe.
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February 12, 2016, 01:11:27 PM
 #10

I do hope he reads this thread then gives some 10 btc to each and everyone replying here. Just wishful thinking guys. He can do whatever he wants, just don't dump them in large volumes.

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February 12, 2016, 02:18:53 PM
 #11

He might slowly mix the coins in his less famous wallets and use it to pay bills or buy some stuff that he needs and live his life like he normally would.

Pay bills & live life like he normally would?

WUT

You do realise the value of his known bitcoin stash is over 400 million USD?

He might sell some coins but it'd be a lot more glamorous than paying bills Grin

BellaBitBit
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February 12, 2016, 02:31:04 PM
 #12

Maybe distribute to third world countries or the poor.  If I had that much Bitcoin I would be a philanthropist, wishful thinking.

I love Bitcoin
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Move On !!!!!!


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February 12, 2016, 02:35:30 PM
 #13

Why in the world are you interested in what someone does with his stash of coins, someone who hasn't been either identified nor has been heard from for years?

There should a separate "Satoshi Paranoids" section in speculation board, for these questions
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February 12, 2016, 02:35:47 PM
 #14

Buy a few of these and double up  Cool  http://bitfury.com/products/#container-datacenter

xslugx
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February 12, 2016, 02:43:11 PM
 #15

Buy a few of these and double up  Cool  http://bitfury.com/products/#container-datacenter



I don't understand what those things are for?

They don't seem to be mining equipment, what are they?

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February 12, 2016, 02:55:01 PM
 #16

He might slowly mix the coins in his less famous wallets and use it to pay bills or buy some stuff that he needs and live his life like he normally would.

Im sure he has cashed out some money already from other addresses that nobody knows it's theirs, so he will leave those untouched I guess. And we will never know if when (if it ever does) move, that the one moving the coins of those addresses is really satoshi nakamoto or someone else, because it's impossible to know at this point, since his wallet could have been compromised.

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February 12, 2016, 02:57:09 PM
 #17

We are even not sure if he is still alive or all that are his coins (keys could easy be lost in first days of Bitcoin due to testing and stuff like that). I bet Satoshi have lot of Bitcoins hidden here and there so he will not touch these famous addresses anytime soon even if he still control them.
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February 12, 2016, 02:58:14 PM
 #18

he will just watch them but can't move, if he moved coins from his well known wallets then he will traced and get into trouble.thats why these coins aren't moved.
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February 12, 2016, 03:02:48 PM
 #19

invest them to make sure that his creation(bitcoin) will be success

i don't see him dumping just for whores, big villa and drug to be honest....
xslugx
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February 12, 2016, 03:04:22 PM
 #20

We are even not sure if he is still alive or all that are his coins (keys could easy be lost in first days of Bitcoin due to testing and stuff like that). I bet Satoshi have lot of Bitcoins hidden here and there so he will not touch these famous addresses anytime soon even if he still control them.

That's a huge probability.

In the early days btc was not valuable at all. It wouldn't be incredible to see someone loosing access to thousands of bitcoins just by forgetting things ^^

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