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Author Topic: What will Satoshi Nakamoto do with his Bitcoins?  (Read 2397 times)
pearnapple
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February 12, 2016, 03:05:19 PM
 #21

i think satoshi will just hold it or destroy the private keys in order to avoid the problems with bitcoin, that would be the best idea

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February 12, 2016, 03:11:30 PM
 #22

The moment he touch any of those coins, the price will plummet and everyone will start to sell. The biggest fear from most of the people invested in Bitcoin,

would be for Satoshi to start selling those coins. Most of the people who pre-mined Alt coins, turned out to be pump n dumps or scams. Those coins are

the difference between Bitcoin being a scam or being legit. {for me, anyway}  Roll Eyes



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Rainbot
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February 12, 2016, 03:12:16 PM
 #23

I don't understand what those things are for?

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

That's exactly what they're for. Read the specs.
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February 12, 2016, 03:33:35 PM
 #24

The moment he touch any of those coins, the price will plummet and everyone will start to sell. The biggest fear from most of the people invested in Bitcoin,

would be for Satoshi to start selling those coins. Most of the people who pre-mined Alt coins, turned out to be pump n dumps or scams. Those coins are

the difference between Bitcoin being a scam or being legit. {for me, anyway}  Roll Eyes

You are right.
I don't think he will do something like this and destroy his vision, his ''child'' Smiley
I personally think that Satoshi is organization, not individual (BTC it's to complex for one person) and I'm sure that each person in this organization have enough BTC in his/her wallet.
So, no need to worry.

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February 12, 2016, 03:38:32 PM
 #25

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!

Lmao. If Satoshi Nakamoto really owns 1148800 BTC, he can be the richest person in the world. But if he really owns it i hope he can make bitcoin more better from all aspect.
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February 12, 2016, 03:43:25 PM
 #26

What is he most likely going to do with them?

He won't do anything with his bitcoin

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

Never spend his bitcoin forever or send it to unspendable address (Example: https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE)

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February 12, 2016, 03:50:10 PM
 #27

it would be dumb if he would actually decide to sell all his bitcoins because it would dump the price

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February 12, 2016, 03:53:21 PM
 #28

I think he is also waiting for next halving  Grin like us, so that even he can sell all his coins and be the richest man of the world, but I believe he won't be thinking of bitcoins at a moment, he might be doing research on some new crypto.

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February 12, 2016, 04:07:57 PM
 #29

He will donate it to charities and poor people in the world so that there will be equality on earth. Or he will just keep it to himself, forever untouched, untainted and unspent.


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February 12, 2016, 04:29:26 PM
 #30

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

I really don't know, and that's a problem when it comes to Bitcoin and the fungibility issue with Bitcoin... Satoshi's BTC stash would garner way more value than the current price tag per bitcoin, because of the history and legacy that comes with that stash.  This is really an issue, because even though Satoshi the "person" or "entity" is anonymous in a way, his wallet isn't.  So if people start seeing that there is some type of movement of Bitcoin's out of his wallet, this creates some sort of unwanted panick... which is absolutely ludicrous.

If Bitcoin is to be regarded as the digital "cash" that it wants to be labeled, then there should be no trace back.  Now that's another topic of whether people really want an anonymous cash like this, but the fact of the matter is that people simply can't say that Bitcoin is internet "cash"... it's more like an internet open ledger where everyone and anyone can see who transacted X amount of money to someone else.  Just think about what kind of shit storm this would bring up if this were to be done with fiat today... absolute insanity.

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February 12, 2016, 04:34:15 PM
 #31

I think he is also waiting for next halving  Grin like us, so that even he can sell all his coins and be the richest man of the world, but I believe he won't be thinking of bitcoins at a moment, he might be doing research on some new crypto.

This probably, in all reality, would never happen... the minute Satoshi takes bitcoin out of his wallet and puts it into an exchange, EVERYONE would know... especially on here.  People tend to be really on top of that for some reason.  But again, this poses a huge problem, and in my opinion, absolutely ridiculous. 

Everyone got into Bitcoin early on to be their "own bank".... Where they are financially secure and can do whatever they wanted with their Bitcoin stash.  Now, the fact that the creator of the currency we love so much can't so much as lay a single theoretical finger on his stash because it would plummet the price of bitcoin and cause a mass paranoia about whether Satoshi is selling out or not, is absolute insanity.

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February 12, 2016, 04:38:07 PM
 #32

He will donate it to charities and poor people in the world so that there will be equality on earth. Or he will just keep it to himself, forever untouched, untainted and unspent.

We are more than 7 billion people on Earth and I don't think $400 million will do much of a difference in establishing equality as the wealth is concentrated in 1% of the world population. Every multibillionaire must donate at least a billion to make this work Smiley

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February 12, 2016, 04:42:22 PM
 #33

satoshi is most probably going to leave all of those coins stay the way they are, which is untouched.

if they start to move, there can be a lot of panic in the market.














 

 

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February 12, 2016, 06:42:33 PM
 #34

Sadly for him, he can't touch those coins, even if he wanted to, he might be still using bitcoins but the ones tagged to the name Satoshi's address will most probably stay there for ever.

 

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February 12, 2016, 08:43:08 PM
 #35

I think he is also waiting for next halving  Grin like us, so that even he can sell all his coins and be the richest man of the world, but I believe he won't be thinking of bitcoins at a moment, he might be doing research on some new crypto.

This probably, in all reality, would never happen... the minute Satoshi takes bitcoin out of his wallet and puts it into an exchange, EVERYONE would know... especially on here.  People tend to be really on top of that for some reason.  But again, this poses a huge problem, and in my opinion, absolutely ridiculous. 

Everyone got into Bitcoin early on to be their "own bank".... Where they are financially secure and can do whatever they wanted with their Bitcoin stash.  Now, the fact that the creator of the currency we love so much can't so much as lay a single theoretical finger on his stash because it would plummet the price of bitcoin and cause a mass paranoia about whether Satoshi is selling out or not, is absolute insanity.

I think everyone would dump their Bitcoins the second Satoshi takes Bitcoins out of his wallet, and I often wonder how low the price would crash. It would rapidly drop below $100 and the panic could maybe drive it down to $10 or $20. It would rise back up again afterwards, but I wonder how far and how fast.
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February 12, 2016, 11:39:22 PM
 #36

If we all accept that Satoshi Nakamoto was the first AI that travel from the future then......a......wew....asd

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February 13, 2016, 12:07:10 AM
 #37

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?


certainly he will keep it. he will not spend it all

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February 13, 2016, 12:08:32 AM
 #38

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?


certainly he will keep it. he will not spend it all

hodl no doubt.

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February 13, 2016, 12:16:10 AM
 #39

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?


I think satoshi nakamoto will not spend it all. it will make bitcoin waver, because he has a lot of bitcoin


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February 13, 2016, 04:52:45 AM
 #40

I think for now (unless needed), it won't be used at all but in the future, could be used for further funding different BTCitcoin projects he have or to pay developers for further continuation of work or perhaps saving it for the right time to open his own big company that will hire thousand people to work for him (in case he comes out). At the end of the day, were just guessing unfortunately.

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