Message to Satoshi, please dump your 1million bitcoins

[RealJoshuar]

Satoshi, bitcoin is extremely volatile and run by organizations now, not the people. There's constant forks such as Bitcoin Cash and other garbage that shows just how jokey the coin is. The only thing worthwhile is the blockchain itself and I honestly believe this was not meant to function as a method of payment, but as a method of storage(Bitcoin's constant dramatic price changes, good and bad, show this)
 
My resolution? Dump all your bitcoins on the biggest exchanges and destroy the currency, then start over.

[aanbudi]

Fantastic. The revolution you created will destroy all the efforts that every developer and Bitcoin Holders has built. No need to dump coins, which can hurt a lot of people.

[RealJoshuar]

Nope. Honestly, That would be a huge disaster for everyone.

That's the point. The coin is not decentralized nor revolutionary(only the blockchain is), and has none of the bearings of an actual currency(no sane average person is going to use bitcoin to buy groceries when it's price can drop down $1,000 within 24 hours, etc). After all these years, it's still just a pump and dump pennystock

[MkGregor]

Hmmm, what exactly do you propose instead?

[sammrheza]

lol dumped 100k is enough to make blood bath on market , how if she sell all of his bitcoin , and 1 million bitcoin cash , and 1 million bitcoin gold , and 1 million bitcore , and 10 million bitcoin diamond , and 1 million whatever upcoming bitcoin fork lmao

[erifubirugen]

We can loose anything if Mr. Satoshi would do that. You should say prayers that he never do that.. He has 700 million dollars in his pocket, so why he would even do something like this

Raed here: http://uk.businessinsider.com/satoshi-nakamoto-owns-one-million-bitcoin-700-price-2016-6

[cpfreeplz]

Could you show me where satoshi holds these 1 million bitcoins?  I'm so curious to see it and I'm so glad you can finally prove it unlike many others in the past. Thanks so much. I really appreciate all the years of work that must have gone into this.

[Revere.cc]

Could you show me where satoshi holds these 1 million bitcoins?  I'm so curious to see it and I'm so glad you can finally prove it unlike many others in the past. Thanks so much. I really appreciate all the years of work that must have gone into this.

 

But really, what do you suppose would happen if he or she dumped this? Assuming he or she still has it or has not done multiple actions to it

[Supreemo]

Could you show me where satoshi holds these 1 million bitcoins?  I'm so curious to see it and I'm so glad you can finally prove it unlike many others in the past. Thanks so much. I really appreciate all the years of work that must have gone into this.

 

But really, what do you suppose would happen if he or she dumped this? Assuming he or she still has it or has not done multiple actions to it

,as the others say, it will be a huge disaster to all of us. it could be bad for all of us. think about so many forks that had come out and for the future and upcoming forks, did you ever think that if it is true that he or she has 1 million bitcoins, then its expected that from the previous forks he got something from it right? and what if he would dump it all at once? then its pointless.

[RealJoshuar]

Could you show me where satoshi holds these 1 million bitcoins?   I'm so curious to see it and I'm so glad you can finally prove it unlike many others in the past. Thanks so much. I really appreciate all the years of work that must have gone into this.

Considering that there were hundreds of thousands of coins mined when only satoshi and a few other knew Bitcoin existed at the time, we can obviously speculate that either this satoshi or someone else then owns the roughly 1,000,000 BTC. Either way, someone mined it

[hatshepsut93]

Satoshi, bitcoin is extremely volatile and run by organizations now, not the people. There's constant forks such as Bitcoin Cash and other garbage that shows just how jokey the coin is. The only thing worthwhile is the blockchain itself and I honestly believe this was not meant to function as a method of payment, but as a method of storage(Bitcoin's constant dramatic price changes, good and bad, show this)
 
My resolution? Dump all your bitcoins on the biggest exchanges and destroy the currency, then start over.

If this is not an attempt in FUD, I don't know what it is - so many random statements that this is just absurd. There's nothing inherently wrong with the forks - Bitcoin is an open source project, like Linux, for example, and anyone is free to create their own versions. Sadly, it is sometimes misused to attack Bitcoin by declaring that forks are "the real Bitcoin", but this is not a threat to Bitcoin - 99% of the community is not buying it and see that it's a scam. Now, about the blockchain - it's simply a database, a ladger and without mining it's worth nothing - and Bitcoin is the most successful application of it, unlike all those corporate blockchains. Satoshi is free to do with his coins whatever he wants, and the fact that he hasn't touched them may very well indicate that he approves Bitcoin's direction or at least not going to oppose it.

[pooya87]

lets say that Satoshi did dump his coins, 1 million is going to be eaten up by the market like there is no tomorrow! then the price recovers again in about a week, or 1 month tops and we are back where we are now. on the rise to the moon without the "fear of 1 million satoshi stash". the price would rise even faster.

now lets assume we killed bitcoin and started from scratch, what is stopping the new coin to go the same way bitcoin went? nothing! the same idiots are going to switch over and the same history will be repeated.

this only shows that you either don't understand what are the things that are going on, or you want bitcoin to drop so you can buy more!

[The_Dark_Knight]

Satoshi, bitcoin is extremely volatile and run by organizations now, not the people. There's constant forks such as Bitcoin Cash and other garbage that shows just how jokey the coin is. The only thing worthwhile is the blockchain itself and I honestly believe this was not meant to function as a method of payment, but as a method of storage(Bitcoin's constant dramatic price changes, good and bad, show this)
 
My resolution? Dump all your bitcoins on the biggest exchanges and destroy the currency, then start over.

If satoshi did not came forward with the scaling debate and many other forks that have been attempted in the past then I think it is safe to say he is never going to come back or to do anything with his coins, while I'm speculating I think he just moved on with his life, he did what he wanted and leaved when he thought it was the right time, he is probably doing something completely different and probably more stimulating to his mind.

[Saifher]

Satoshi, bitcoin is extremely volatile and run by organizations now, not the people. There's constant forks such as Bitcoin Cash and other garbage that shows just how jokey the coin is. The only thing worthwhile is the blockchain itself and I honestly believe this was not meant to function as a method of payment, but as a method of storage(Bitcoin's constant dramatic price changes, good and bad, show this)
 
My resolution? Dump all your bitcoins on the biggest exchanges and destroy the currency, then start over.

Have you ever read Bitcoin's whitepaper? It seems like you're massively uninformed regarding a lot of topics that surround cryptos and blockchain. I'd start by doing that before asking for satoshi to dump his coins, lol.

[miyaka26]

Could you show me where satoshi holds these 1 million bitcoins?  I'm so curious to see it and I'm so glad you can finally prove it unlike many others in the past. Thanks so much. I really appreciate all the years of work that must have gone into this.

 

But really, what do you suppose would happen if he or she dumped this? Assuming he or she still has it or has not done multiple actions to it

Obviously the market will crash as well as the other altcoins who are dependent on bitcoin price but that would be a temporary scheme, FUD's will spread around the internet promoting their own coin, what is 1 million stashes of Satoshi to the total numbers of btc owned and mined by people that is approximately 12 million bitcoins scattered all over the world, It will recover again by a month or two to its promising price, Satoshi's bitcoin's treasury is surely divided into a thousands of wallets addresses from the first blocks that mined, his wallet is also anonymous.

[Dudeperfect]

Sound great but I am 101% sure that it's not going to happen. Bitcoin is no more a cryptocurrency now, a huge number of traders/investors are using it for the speculation purpose and now institutional investors have jumped in so as far as these giant whales are manipulating the market with the pump, I don't see even a slight possibility of the dump. Even if I am not sure about it, I think that Satoshi has lost his private keys and hence it is already inaccessible to him and anyone else.

[cryptojedi]

It seems to be you either sold your BTC too early and were not able to buy back or you wanted to but and did not get in on time. So now you claim Bitcoin s shit and should be dumped.

You change the way you think into a proactive one, start thinking how can you make some BTC, not how to destroy it.

[Karpeles]

At this point it doesn't matter anymore. I think the private key of the 1M coins are lost and will never be moved.
But even if they do, would only create a momentary fuss and some media attention. In the long term might indeed be beneficial.

[RealJoshuar]

lets say that Satoshi did dump his coins, 1 million is going to be eaten up by the market like there is no tomorrow! then the price recovers again in about a week, or 1 month tops and we are back where we are now. on the rise to the moon without the "fear of 1 million satoshi stash". the price would rise even faster.

now lets assume we killed bitcoin and started from scratch, what is stopping the new coin to go the same way bitcoin went? nothing! the same idiots are going to switch over and the same history will be repeated.

this only shows that you either don't understand what are the things that are going on, or you want bitcoin to drop so you can buy more!

If Satoshi dumped 1 million coins Bitcoin would die. That's over 3billion usd, no one could/would buy past that(if someone did btc would also die because all those coins would be in the hand of someone else who could also dump it)

[ayesha201009]

destroy?
start over?

but why newbies have this destructive ideas? They doesn't know how it was hard and difficult arrive at this point also for the btc cash fork?!?
No I think no, because it's really a crazy idea " destroy" btc dumping satoshi btc.
I suggest you some lecture about Satoshi Nakamoto, because you can understand more about the creator (creators?) of btc and why probably he (they?) are not selling any dime (or probably only a small part was moved just some time ago). https://bitcointalk.org/index.php?topic=507458.0