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Author Topic: Tell me why Satoshi Nakamoto didn't spend a Satoshi from his 1 Mio BTC  (Read 8826 times)
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April 22, 2016, 05:02:55 PM
 #81

Satoshi died on May 23, 2015.
is that true?if you joke about this,you should put kidding emoticon. sorry i'm just kidding man.
but i never meet people that mentioning about satoshi dead,i'm wondering about this,tell me if that was true Huh

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April 22, 2016, 06:00:05 PM
 #82

Actually, nobody could know except Satoshi. All his/her behaviour so far tends to that s(he) destroyed the private key of his/her account or s(he) still has the keys but he wants to give them away when Bitcoin becomes more mainstream. This is my theory. I do not believe anymore that there is a selfish reason for holding and not spending the Bitcoins.
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April 23, 2016, 03:33:14 AM
 #83

It wasnt just one person, it was a key held by a group and destroyed collectively I think.  It is a big question hanging over though.   Its quite common to have a joint bank account in a business or similar and no one person can access unless all agree, I would guess it was done that way so that if one person did die with their part of the key then that certainly ends the possibility.    

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April 23, 2016, 03:44:44 AM
 #84

I would like to think number 3 is very much possible lol

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3. Satoshi lost the private keys of his early wallets

That would be a good reason to not spend a good part of your "now worth alot" coins. It would also be a reason for some people to commit suicide btw.
But: Would this be a reason to give up and give all the keys to somebody else? I doubt it, really...

he must have lost it or purposely burn his access to his wallet so he can't spend it and so no matter what bitcoin will always have value.

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April 23, 2016, 09:53:15 AM
 #85

Satoshi might not interest to spent bitcoin,they create it and leave it on his team,but i'm actually wondering what satoshi doing now with bitcoin,is he still concerna and care about bitcoin development.
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April 23, 2016, 10:49:21 AM
 #86

I would like to think number 3 is very much possible lol

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3. Satoshi lost the private keys of his early wallets

That would be a good reason to not spend a good part of your "now worth alot" coins. It would also be a reason for some people to commit suicide btw.
But: Would this be a reason to give up and give all the keys to somebody else? I doubt it, really...

he must have lost it or purposely burn his access to his wallet so he can't spend it and so no matter what bitcoin will always have value.
He wouldn't be that foolish to do so.If he had to burn or destroy them he wouldn't have kept them in the first place.I think he must have some good reason to keep them with him
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April 23, 2016, 01:55:01 PM
 #87

I believe that he just want to stay anonymous, or he don't want to use that chance to be a rich guy. Because he invented this technology for the world, not for himself.

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April 23, 2016, 02:07:12 PM
 #88

he is either dead or he is so freaking rich. because any human being who would have that much of money will think about spending it everyday to buy what ever he desire
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April 23, 2016, 03:15:04 PM
 #89

He lost his private keys, guaranteed!  It wasnt a big deal to him when bitcoin was a few pennies, but now everytime bitcoin rises, it eats at his soul. Cheesy
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April 23, 2016, 03:42:26 PM
 #90

I would like to think number 3 is very much possible lol

Quote
3. Satoshi lost the private keys of his early wallets

That would be a good reason to not spend a good part of your "now worth alot" coins. It would also be a reason for some people to commit suicide btw.
But: Would this be a reason to give up and give all the keys to somebody else? I doubt it, really...

he must have lost it or purposely burn his access to his wallet so he can't spend it and so no matter what bitcoin will always have value.
He wouldn't be that foolish to do so.If he had to burn or destroy them he wouldn't have kept them in the first place.I think he must have some good reason to keep them with him
that's right,Nakamoto will not doing fool thing by destroy any access to his assets,its fool action. i think satoshi nakamoto have team that manage heir bitcoin.
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April 23, 2016, 03:55:19 PM
 #91

Satoshi died on May 23, 2015.

Probably died much sonner, when he dissapeared from Bitcoin development and forums and nobody else knew the passphrase to his walet or simply the HDD is reformated already. Sometimes even young people dying all of sudden like in car accident, heart attack and many other possibilites - just bad luck.

So 1) in OP seems to fit data best imo

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April 23, 2016, 04:57:25 PM
 #92

The theories I contemplate nowadays are the following:

1) He has other addresses that no one knows are his addresses, with some money there too, enough to live a comfortable life for the rest of his life. He is not greedy so he doesn't want to move the coins from the 1 million stack because that would cause uncertainty.

2) He forgot the pass for his keys or simply lost his wallet

3) He was already a millionaire in fiat/assets before starting so doesn't want to damage Bitcoin by fucking around with the massive 1 million stack.

4) He doesn't want to move the coins because the movements would get scrutinized and it's a risk for his identity (he is a target worldwide already)

5) Guy actually got killed already

6) He's just a long term hodler

Something along those lines.
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April 23, 2016, 05:22:32 PM
 #93

mr satoshi Nakamoto is currently  doing what he does best being a full time crpto miner Tongue doesn't need the 1 Mio BTC
he is surely over clocking his computer skills at the moment
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April 23, 2016, 05:30:07 PM
 #94

Its most likely a backup as the man/women was purely a idealist and believed in what bitcoin can achieve. If he sold some it might show lack of faith.

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April 23, 2016, 08:33:46 PM
 #95

Where in the blockchain I can find his known addresses?
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April 23, 2016, 09:19:57 PM
 #96

Satoshi died on May 23, 2015.
How do you know that Satoshi has passed away?
well let assuming that you just said is true, it means that there is no access to his address and it just an memory, anyways i'am going with theory number 4, stay anonimity as we know that SN wanted to stay anonymous thus, he won't spend or sell his bitcoin. Just saying.
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April 24, 2016, 07:33:13 AM
 #97

Satoshi Nakamoto whoever that is probably doesn't need a lot of money right now and if Satoshi wanted to liquidate his/her stash of coins that would have drawn all the public attention to him/her and would have endangered his/her privacy. There are a lot of Blockchain security experts monitoring the network so if Satoshi tries to cash in his/her fortune that would inevitably allow someone to match Satoshi's alias to a real name and face. And there are a lot of criminal organizations that would like to get hold of this Bitcoin stash so Satoshi better stay in the darkness if you ask me.
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April 25, 2016, 08:13:05 PM
 #98

Satoshi died on May 23, 2015.
is that true?if you joke about this,you should put kidding emoticon. sorry i'm just kidding man.
but i never meet people that mentioning about satoshi dead,i'm wondering about this,tell me if that was true Huh

Satoshi Nakamoto is the Cosmical Jesus sent to us to free the humanity from the New World Order. He can't die, that's impossible.
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May 02, 2016, 10:35:07 AM
 #99

+1 for the headlines

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February 13, 2020, 06:15:31 AM
 #100

1) I think at least one of the group of Satoshis has died. (I think Satoshi was a team)

2) I think he/they has/have other bitcoins he has been able to spend.

3) It is definitely possible that some or all the keys have been lost - perhaps deliberately *

4) He does want to stay anonymous

5) I don't believe he wants to spend them. But maybe he wants to solve world poverty.

6) I do believe he is an idealist and more interested in the project rather than the $

Added reason:

7) I believe he has deliberately left the first addresses as a "bait" or "lure". If the first addresses move they will prove the private key has been compromised and the "system is at risk".
But the first coins will be near impossible to spend without attracting attention.



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