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Author Topic: What if Satoshi Nakamoto dump his 1million Bitcoin Cash (BCH)?  (Read 1074 times)
SerenW
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November 11, 2017, 08:05:02 PM
 #1

As per the statistics "Satoshi Nakamoto" mined around 1 million bitcoins in the early stages. So, he has gotten the same quantity of BCH as well.

What will happen if someday he might see his project at risk of overtaken by Bitcoin Cash. Could he be dump his BCH stake anytime?

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November 11, 2017, 08:11:27 PM
 #2

We don't even know he is alive. Or he is real person. We don't even know if he can access all his past coins. So it isn't threat at all. But let's think if he can do, and just do, cash would be dead.

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NorrisK
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November 11, 2017, 08:14:57 PM
 #3

Is it anything different than him dumping his regular bitcoin?

This is not something to worry about, it is quite clear by now nothing is going to happen. I mean, who wouldn't cash out more than a billion dollars worth of coins?

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November 11, 2017, 08:16:34 PM
 #4

Why would he dump his bch stash and not his 1 million bitcoin stash?
I'd say it's as much of a threat to bch as it is to btc.

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November 11, 2017, 08:16:48 PM
 #5

We don't even know he is alive. Or he is real person. We don't even know if he can access all his past coins. So it isn't threat at all. But let's think if he can do, and just do, cash would be dead.

Well i guess this forum is the proof that he is still out there, as he is the founder of the forum
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November 11, 2017, 08:17:29 PM
 #6

We don't even know he is alive. Or he is real person. We don't even know if he can access all his past coins. So it isn't threat at all. But let's think if he can do, and just do, cash would be dead.

Well i guess this forum is the proof that he is still out there, as he is the founder of the forum

He (or they, whoever satoshi may be) handed over the forum many years ago already, he has nothing to do with bitcointalk no more.

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November 11, 2017, 08:18:13 PM
 #7

As per the statistics "Satoshi Nakamoto" mined around 1 million bitcoins in the early stages. So, he has gotten the same quantity of BCH as well.

What will happen if someday he might see his project at risk of overtaken by Bitcoin Cash. Could he be dump his BCH stake anytime?

Personally, I suspect that he burned a lot of the early coins. People speculate with similar fearmongering about him dumping his BTC on the markets, too. I think if any of the early BCH moved that both the BTC and BCH markets would be spooked. But I think that's highly unlikely due to Satoshi's past actions; he never emerged when past fork threats came about. Why would he do so now?

I think he knows that if the design requires an early miner like him to destroy competitors with market supply, that the design has failed.

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SerenW
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November 11, 2017, 08:19:33 PM
 #8

Why would he dump his bch stash and not his 1 million bitcoin stash?
I'd say it's as much of a threat to bch as it is to btc.

Really, Satoshi was the founder of BTC, not BCH. Why would he dump his BTC? Baseless comment.

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November 11, 2017, 08:22:28 PM
 #9

Satoshi is still alive?? I think not...

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SerenW
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November 11, 2017, 08:23:02 PM
 #10

As per the statistics "Satoshi Nakamoto" mined around 1 million bitcoins in the early stages. So, he has gotten the same quantity of BCH as well.

What will happen if someday he might see his project at risk of overtaken by Bitcoin Cash. Could he be dump his BCH stake anytime?

Personally, I suspect that he burned a lot of the early coins. People speculate with similar fearmongering about him dumping his BTC on the markets, too. I think if any of the early BCH moved that both the BTC and BCH markets would be spooked. But I think that's highly unlikely due to Satoshi's past actions; he never emerged when past fork threats came about. Why would he do so now?

I think he knows that if the design requires an early miner like him to destroy competitors with market supply, that the design has failed.

In the past it was only threats, not actions. But BCH appears to be a serious threat and action to the real BTC. Look at the trade volume BCH surpasses BTC.

What have you given today?
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sensimilia
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November 11, 2017, 08:24:53 PM
 #11

Why would he dump his bch stash and not his 1 million bitcoin stash?
I'd say it's as much of a threat to bch as it is to btc.

Really, Satoshi was the founder of BTC, not BCH. Why would he dump his BTC? Baseless comment.

You are assuming he agrees with all the decisions made by bitcoin devs, you're assuming he still cares about bitcoin, you're assuming he prefers btc over bch.

You seem to be assuming a lot of things Roll Eyes

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November 11, 2017, 08:28:39 PM
 #12

ahaaaha i think about it
if someone has million bitcoins
he has millions of the other forks also
watch the rich list to see the picture
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November 11, 2017, 08:32:25 PM
 #13

First of all we don't know is he alive or someone named Satoshi Nakamoto was an individual person or not. Now to the question, why would he dump his millions of bitcoins they are worth so much, the price would be in billions. I don't think anyone not only Satoshi Nakamoto would like to dump so many bitcoins.

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SerenW
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November 11, 2017, 08:35:28 PM
 #14

First of all we don't know is he alive or someone named Satoshi Nakamoto was an individual person or not. Now to the question, why would he dump his millions of bitcoins they are worth so much, the price would be in billions. I don't think anyone not only Satoshi Nakamoto would like to dump so many bitcoins.

Read the first post again, you misunderstood it. It was related to Bitcoin Cash (BCH)

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November 11, 2017, 08:37:29 PM
 #15

As per the statistics "Satoshi Nakamoto" mined around 1 million bitcoins in the early stages. So, he has gotten the same quantity of BCH as well.

What will happen if someday he might see his project at risk of overtaken by Bitcoin Cash. Could he be dump his BCH stake anytime?
i think satoshi dont have access now in that account or dont plan to move anything in that account
before some user keep watching the satoshi bitcoin and looking if the he will move some coin when the price rise
but until now no bitcoin move so i think it will not happen in bch also

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November 11, 2017, 08:48:46 PM
 #16

Why would he dump his bch stash and not his 1 million bitcoin stash?
I'd say it's as much of a threat to bch as it is to btc.

Really, Satoshi was the founder of BTC, not BCH. Why would he dump his BTC? Baseless comment.

You are assuming he agrees with all the decisions made by bitcoin devs, you're assuming he still cares about bitcoin, you're assuming he prefers btc over bch.

You seem to be assuming a lot of things Roll Eyes


Let's assume in clear way.

* You launched a project and assume that it'll be worth trillions of dollars someday.
* Some other guy appears and copied the whole idea of your project.
* First you ignore it, because there were many who already tried and failed in it.
* But one day you saw the serious threat, and your project worth is still in few billions and has not reached the full potential yet as your expectations were.
* You've the PUSH BUTTON to destroy your competitor, would you want to press it or not? If you'd ask me then I'd PRESS it, but would wait some more time to surpass my project's 50% value. Cheesy

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November 11, 2017, 10:22:38 PM
 #17

Whoever has created Bitcoin, be it Satoshi Nakamoto or any team hiding behind that name, is helding by the balls virtually EVERYBODY who owns any Bitcoin, Bitcoin Cash and whatever forl they may ever be. If he or they dumps whatever version they please, that coin is dead.

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November 12, 2017, 12:27:53 AM
 #18

As per the statistics "Satoshi Nakamoto" mined around 1 million bitcoins in the early stages. So, he has gotten the same quantity of BCH as well.

What will happen if someday he might see his project at risk of overtaken by Bitcoin Cash. Could he be dump his BCH stake anytime?
If someone open and sent BCH coin from address! This is good info because real people hold 1 million and alway follow bitcoin

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November 12, 2017, 12:49:30 AM
 #19

For me even if he dumped all his BCH nothing will still happen. Satoshi is not a fool, so he is not going to do that. I think he wouldn't care if bitcoin was overtaken by BCH, as long as his coin still remains. And in my prediction BCH can't go above bitcoin after all.

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November 12, 2017, 02:13:18 AM
 #20

If Satoshi Nakamoto is alive and he has access to his coins, since he is not a stupid person, he will not commit rash acts that would sharply violate the achieved balance of bitcoin. However, if he does, then, of course, for a while, the price of bitcoin will drop sharply, but after a certain time, he will begin to rise to the previous level and higher.

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