Bitcoin Forum
May 05, 2024, 06:59:59 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: Tell me why Satoshi Nakamoto didn't spend a Satoshi from his 1 Mio BTC  (Read 8826 times)
BuNga_cute
Full Member
***
Offline Offline

Activity: 1736
Merit: 116



View Profile
February 13, 2020, 06:38:07 AM
 #101

In my opinion the strongest reason is Satoshi Nakamoto wants to wait for the right time. Because from the beginning he was created
he had predicted the price of his created bitcoin will continue to rise in price. Because the limited supply is only 21 million BTC, it is no
wonder Satoshi Nakamoto until now didn't spend a satoshi from his 1 million BTC. If it's really my guess, then satoshi nakamoto is really
a person which takes into calculated everything from the start.

███████ ███████        R O L L B I T               CRYPTO'S MOST INNOVATIVE CASINO               [ PLAY NOW ]        ███████ ███████
//     WHITEPAPER     //          R L B          //     RLB LOTTERY     //
███████ ███████      |       Twitter       |        ►   S P O R T S B O O K   |   [ N E W ]  C L A N S   ◄        |      Discord      |      ███████ ███████
1714935599
Hero Member
*
Offline Offline

Posts: 1714935599

View Profile Personal Message (Offline)

Ignore
1714935599
Reply with quote  #2

1714935599
Report to moderator
1714935599
Hero Member
*
Offline Offline

Posts: 1714935599

View Profile Personal Message (Offline)

Ignore
1714935599
Reply with quote  #2

1714935599
Report to moderator
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714935599
Hero Member
*
Offline Offline

Posts: 1714935599

View Profile Personal Message (Offline)

Ignore
1714935599
Reply with quote  #2

1714935599
Report to moderator
1714935599
Hero Member
*
Offline Offline

Posts: 1714935599

View Profile Personal Message (Offline)

Ignore
1714935599
Reply with quote  #2

1714935599
Report to moderator
satoshyknew
Newbie
*
Offline Offline

Activity: 21
Merit: 1


View Profile
February 13, 2020, 03:41:38 PM
 #102

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

Did Satoshi think that quantum computers will exist? https://bitcointalk.org/index.php?topic=5172573.0
Satoshi did know about it. Quantum was a thing before year 2000. Don't tell me the man who created Bitcoin does not know what quantum is.
If we look at the history of quantum computers, it started around 1980's, so definitely, Satoshi have known and think about quantum computers because it is already existing and developing even before Bitcoin was created.
Why did he not move his early mined P2PK Bitcoins to quantum resistant P2PKH addresses?

Satoshi knew that one day quantum computers will exist and will be able to move the early mined coins (P2PK) and created an unofficial prize competition to accelerate the development.

Maybe Satoshi created the greatest prize competition and the privatekeys are somehow within the blockchain.
Our guess is that he knew that the early mined coins will be moved one day. So he created a 'prize competition'. Otherwise he could move the coins to quantum resistant P2PKH addresses, but he did not and is not doing.

The only question is:
Who will win the race and get the early coins?

Quantum computing or solving the "Satoshi Prize Competition".

Nobody can stop that race.
hv_
Legendary
*
Offline Offline

Activity: 2506
Merit: 1055

Clean Code and Scale


View Profile WWW
February 13, 2020, 07:10:09 PM
 #103

He mined until 2010

He locked them up for 10y

Maybe cause of tax / legal issues.

He hasn't said anything against CSW until now

Carpe diem  -  understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
bitgolden
Legendary
*
Online Online

Activity: 2800
Merit: 1128


Leading Crypto Sports Betting & Casino Platform


View Profile
February 14, 2020, 05:42:56 PM
 #104

What if the coins he left in his wallet are like the foundation or should I say value? I can’t really tell because if you check other coins their creators/founders reached a point where they sold their coins to make money. Bitcoin is the only coin I know that the founder never sold his coins to make profit and make themselves rich. Or maybe he had another wallet and decided to abandon this one.

It’s quite possible that he may have two wallets, the one we know and one that he kept secret from everyone and when the price went up he sold that other one and made money and decide to leave this one. Or maybe Satoshi Nakamoto is an organization and they have decided to let it stay this way? I just can’t tell.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!