speculation on satoshis coins

[jukka]

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

[NyeFe]

We should also speculate why this is not on the speculation section.

[7788bitcoin]

As we only have limited amount of coins so if Satoshi (he/she/they) would like to let go of his/her/their coins, I am sure many people will be happy to buy them.

Of course this may cause a sharp drop temporarily, but this will also result in the "re-distribution" of the coins to the population and hence no more worries.

[jukka]

We should also speculate why this is not on the speculation section.

because the speculation thread is for price speculation and this is not related to that. but thanks for your huge contribution for this topic!

[Labumi]

If this occurs, then there is a chance that the price of the Bitcoin is no longer of this size. Because the coins are distributed will be very abundant and the price will not be useful. The same with just a total number of Dogecoin.

[ObscureBean]

Where would he move those coins to though? There's no point in moving them to another wallet. And he can't really move them to an exchange without having people track him down and possibly even find out who he is. People have had their eyes on his stash since the beginning, if a single one of his coins move the whole internet will know about it in a matter of hours if not minutes.

[Wapinter]

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

Perhaps he has something better on his mind.Getting rich wasn't his priorities or may be he is waiting for price hike.There's also a possibility that Satoshi kept these coins deliberately to contol bitcoin market in some unlikely event

[jukka]

Where would he move those coins to though? There's no point in moving them to another wallet. And he can't really move them to an exchange without having people track him down and possibly even find out who he is. People have had their eyes on his stash since the beginning, if a single one of his coins move the whole internet will know about it in a matter of hours if not minutes.

yep, i know that people would notice that in minutes, but i dont think that moving them would reveal his identity.

[jukka]

question to those who were here in the dawn, was there any discussions about his coins in the early days?

[Lauda]

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.
why hasnt he/she spend or even moved those coins? any speculation?

Exactly why would they? You've made 3 assumptions: 1) Satoshi is alive; 2) Satoshi has access to his keys; 3) Satoshi needs the money. That is a lot of assumptions.

If this occurs, then there is a chance that the price of the Bitcoin is no longer of this size.

Only if the average holder panics.

yep, i know that people would notice that in minutes, but i dont think that moving them would reveal his identity.

Just moving from one address to another wouldn't do anything, correct.

[jukka]

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.
why hasnt he/she spend or even moved those coins? any speculation?

Exactly why would they? You've made 3 assumptions: 1) Satoshi is alive; 2) Satoshi has access to his keys; 3) Satoshi needs the money. That is a lot of assumptions.

yep, that is a lot of assumptions.

if 1 and 2 are true, it could be that they are so rich that they dont need the money. that is a good alternative.

i was thinking that could there be some ideological or even political reason behind.

[jukka]

yep, i know that people would notice that in minutes, but i dont think that moving them would reveal his identity.

Just moving from one address to another wouldn't do anything, correct.

yep, couldnt satoshi just circulate the coins thru so many addresses that people wouldnt any more know the origin? is that possible?

[Herbert2020]

there is a lot of speculation about satoshi and his stash and there always will be, some say satoshi is dead some say satoshi has lost the private keys. this last one of course seems silly to me!

If this occurs, then there is a chance that the price of the Bitcoin is no longer of this size. Because the coins are distributed will be very abundant and the price will not be useful. The same with just a total number of Dogecoin.

i don't think it is that big a threat, although it can hit the price hard.
also i don't understand why you compared bitcoin with 15 mil available coins with Dogecoin with 104 billion available coins!!

[jukka]

any other thoughts?

[Lauda]

yep, that is a lot of assumptions.

Nobody can really tell you anything specific as there are a lot of assumptions and we are practically in the space of baseless speculation.

i was thinking that could there be some ideological or even political reason behind.

There might be; we don't know, ergo we are speculating.

yep, couldnt satoshi just circulate the coins thru so many addresses that people wouldnt any more know the origin? is that possible?

Yes, but it isn't really easy to lose the trace of the 'owner' unless they flush them out via a mixer, services (e.g. gambling) or exchanging into altcoin.

[lister storm]

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

i think that the creator of bitcoins satoshi just wants the bitcoins to be a good currency thats why those coins are just sitting unspendable and they most probably will not be sold

i think that we are safe that those coins will never be moved so we will never have any trouble about a really fast dump that might happen one day because of fast selling of coins

[Rubberduckie]

Like others have said I agree

Im sure he wouldnt mind selling some but even if he/she moves 1
coin it will blow up and there will be 1000 threads on this forum
immediately started.

[Indrawan77]

If lets say all of the things that you say is correct, i think satoshi is spending the coin, i think it is also make sense that satoshi spending the coin because its his/her hardwork to create bitcoin

[Kakmakr]

The use of those coins has tax implications. He cannot be taxed on something he made no profit from and Capital Gain only come into affect, when you sell or used those coins. I still think Satoshi is dead or they are a group of people, who wants to stay anonymous. They most probably have enough other coins to keep them going for some years.

[Edwardard]

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

i think he may be waiting for the right time because he may know that btc price will sky rocket in a few years. its just my opinion.