What if...Satoshi Nakamoto suddenly burns 1 million bitcoins?

[Doamader]

First if Nakamoto burns its bitcoins wouldnt make sense, do you know how many childs are dying outside? If someone burns such ammount of coins i would understand clear that the person doesnt care about others. About the financial problems it could cause at bitcoin would be insane, to see how the market would react, i doubt a pump would happen, i believe people would dump their bitcoin very fast.

[Kprawn]

First off, even if he was the creator this is not possible with the blockchain. Just to answer your question, if it did happen. It will make headlines for sure. The rates would drop and everybody will leave bitcoin.

absolute nonsense. it is possible to burn bitcoin, that means to make them unaccessible forever. why would it make the rates drop? if demand stays the same but the supply goes down, then the price usually goes up. i see no need to leave in such a case.

The price will go up, because one of the "uncertainties" in Bitcoin would be removed and Bitcoin will one again get massive media exposure. It

is not common for people to destroy $ 743 000 000 US in one day.  .... The demand will not stay the same, when a major event like this

happens. If this happens, we would see record prices. 

[chesatochi]

I think he could send it to my wallet and I will take care of it .

Personally I don't think something will happen because the bitcoin will flow into the network like the money in circulation in the real world. Also I think the price will stay the same even is he will decide to sell most of it for real money.

[PokerFace3]

I think he could send it to my wallet and I will take care of it .

Instead of giving all the bitcoins to one person, why not just distribute all his hoarding to all the current bitcoin holders. It might sound similar to CLAMcoin's initial distribution methodology, still I feel it would be fair and will be encouraging all the "earlier" adopters of bitcoins. Yes, we are all the earlier adopters.