Tell me why Satoshi Nakamoto didn't spend a Satoshi from his 1 Mio BTC

[KiwiParty]

Even if he has the private keys, at some point he will die and those private keys are lost forever.  If he doesn't spend the bitcoins or give them away, they will be lost forever.

This wouldnt be a problem. 20 million is still enough.
But the true reason lies within the possiblity to go for the sunken chest.
Everyone will try to find those million btc. thats better than advertising.
The lost BTC of Satoshi Nakamoto. Come, join the treasure hunt!

BTW, you should update your signature, aardvark15

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[STT]

Nakamoto is kind of a psycho. Why disappearing then and give control over your code/website etc to a stranger? If money would be your motivation, wouldn't you act different? I think, this theory only works, when thinking of Satoshi being a programmer with an inferiority complex. He has this genius moment where he invents Bitcoin and as he knows about the importance to the world.
So far so good. Up to this point he still looks like a normal genious and pretty idealistic, but the fact, that he instamines a big part and keeps it secret and untouched for years, makes him look pretty much like a freak. I would then assume he was going for "power" instead of "money" and he was waiting to "rule the world when Bitcoins is worth 10.000 or 100.000 or more". This sounds pretty much like a freak to me.

You are over thinking it lol      Its been said before just this one person doesnt exist, it was a group of people who resolved to start this coin but not retain the power to flood the market with so many coins.  So between them the key was put out of use, no one can use these coins.   

Its either that or the long con to end all others and he'll appear out of the mist and be an insta billionaire
https://en.wikipedia.org/wiki/The_Sting

[BitcoinHodler]

Nakamoto is kind of a psycho. Why disappearing then and give control over your code/website etc to a stranger? If money would be your motivation, wouldn't you act different? I think, this theory only works, when thinking of Satoshi being a programmer with an inferiority complex. He has this genius moment where he invents Bitcoin and as he knows about the importance to the world.
So far so good. Up to this point he still looks like a normal genious and pretty idealistic, but the fact, that he instamines a big part and keeps it secret and untouched for years, makes him look pretty much like a freak. I would then assume he was going for "power" instead of "money" and he was waiting to "rule the world when Bitcoins is worth 10.000 or 100.000 or more". This sounds pretty much like a freak to me.

You are over thinking it lol      Its been said before just this one person doesnt exist, it was a group of people who resolved to start this coin but not retain the power to flood the market with so many coins.  So between them the key was put out of use, no one can use these coins.   

Its either that or the long con to end all others and he'll appear out of the mist and be an insta billionaire
https://en.wikipedia.org/wiki/The_Sting

i kinda have to agree with AGD though.
it also sounds very strange to me that satoshi have created something as big as bitcoin and then dissipated. i can understand the wanting to stay anonymous part but i can not understand why not weighing in from time to time in important matters like block size.

[bitowl]

I think dead makes the most sense. Wasn't there a lot of speculation about him being a computer engineer with health problems that died alone in like 2011?

[STT]

i kinda have to agree with AGD though.
it also sounds very strange to me that satoshi have created something as big as bitcoin and then dissipated

In any solution I always look for the most natural occurance.   People saying death here which of course along with taxes is the most normal thing in the world.   But one point is the original group of creators planted an acorn not the finished product.    Yes very clever, well founded and apparently in demand by the world but at that time it was just a tiny seed that grew and is now a branching Oak tree that may last a hundred years.   We dont know, they didnt know the future but merely put down the origins of this situation we are at now.   I find it most likely they cared about the destination too much to endanger its progress with this kind of premine account.

It is a massive question no doubt though, I dont know if the core team now can put it out of hand now entirely or not

[justspare]

how do we know he didn't mine a lot of BTC to an unknown address during the early days and is spending them gradually?

He probably is doing that. Why wouldn't he want to use his own creation? He might have just bought a lot of Bitcoin in the early days and used a different address.

[gentlemand]

One thing to bear in mind when you're spending Bitcoin these days is that 9.5 times out of ten you're not spending Bitcoin. All you're using it for is as a convoluted way to send dollars. If I was Satoshi that would offend my purist sensibilities.

[watashi-kokoto]

Because Satoshi Nakamoto is a fucking god

[poptok1]

I think that "he" is an organisation, a group of companies or people
united in common goal witch is global curency.
That may be a case of him being employe, one person but just on a task
directed by others, unknown personas.
Any way, that single article can still be a work of fiction, if not this is the case of anonymity.

[AGD]

I think that "he" is an organisation, a group of companies or people
united in common goal witch is global curency.
That may be a case of him being employe, one person but just on a task
directed by others, unknown personas.
Any way, that single article can still be a work of fiction, if not this is the case of anonymity.

The question is, why would this group a.) never touch their money? b.) give all control to a stranger and disappear? c.) let hackers sneak into their email accounts without a reaction?

Further more, I don't think, that a group or even a group of companies wouldn't be able to keep it secret for more than a year - esp. when a billion $ is in the pot.

[darewaller]

I still remain in my idea that satoshi is dead, i find impossible that a smart guy like satoshi could lost the private key of the early wallet

I too fear this may be a reason in my thoughts. Satoshi would have never lost his private keys as he was more aware of the important of private keys. But I too believe there would be multiple reasons (not a single or two) why Satoshi did not spend his coins.

[Anno MMXVI]

Because up until the time he disappeared there pretty much wasn't anywhere to spend a single Satoshi? Maybe some socks but even they might have come long after. Even if there had been a healthy commerce scene I assume he would've been wary of spending on digital or real products for paranoia reasons.

Imagine you have a million Bitcoins and the price goes to 1000$ and more. Wouldn't you or any normal person sell at least some part of it? Don't tell me he doesn't care about money or he wants to wait for a higher price. This makes no sense.

He waits for the moment where Bitcoin will be a worldwide recognised way of payment, so he wouldn't have to exchange his money for paper with a number printed on it.

[xuan87]

how can we know that satoshi didnt used bitcoin?

I am quite sure satoshi used bitcoin, afterall its his hardwork to create bitcoin, maybe he spend it using a different name or maybe he didint used many bitcoins to keep the bitcoin price stable, up until now nobody sure who is Satoshi Nakamoto

[Gubzy]

Maybe he just didn't want to disrupt the market with all his currency, but that's unlikely because he could sell small amounts like you said. Maybe he just didn't want to use the currency he invented.

[Monnt]

Can't we do a full blockchain analysis of bitcoin wallets that total to 100k+ BTC that haven't moved in the last 7+ years? How do we even how satoshi has 1 million BTC?

[Yakamoto]

@OP, probably never spent any because he doesn't need to, or doesn't want to. For all we know Satoshi is actually a decent person and has chosen to forget about those coins or destroyed the keys to either artificially inflate the value, or he just wanted to get the network going.

[bitbaby]

how do we know he didn't mine a lot of BTC to an unknown address during the early days and is spending them gradually?

This is exactly what I think happened, the coins which are untouched were attached to his identity and for him to become anonymous it was vital that he didn't touch those but.. he invented it, sure enough he must have mined a whole lot of it(even more what's there in his addresses) to other addresses and kept them aside and he must have sold a lot of them too when the price went up.

[NewLiberty]

The early coins may also have been sold off-chain to other hodlers.
These could be the most collectible coins for historic reasons.
The collectible value being destroyed when they are moved on chain may be the reason for this.

So economic forces may keep these off chain.

[vinaha]

If Satoshi was the genius that he is, then he would consider unfair that he would spend the coins that he mined when it wasn't a fair challenge. Rather than spending what would possibly be considered "premined" coins, he just holds them and spends from what he probably mined when Bitcoin was still new, but where it was fair game and many other people were mining. He probably has so many of those that he doesn't need to touch the others.

And his "disappearance" is nothing more than taking the anonymity of Bitcoin to the next level. It follows as logic.

[GermanGiant]

Satoshi died on May 23, 2015.