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Author Topic: Satoshi: The first anonymous USD Billionair  (Read 4522 times)
Cubic Earth
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November 27, 2013, 05:02:57 PM
 #1

The dude could have be holed up in his parents basement, wearing dirty underwear and popping pills.  Truly amazing they have managed to amass so much wealth and their identity remains not publicly known.  That fact alone is a testament to the power of Bitcoin and an example of one of the many ways in which it is going to change the world.

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November 27, 2013, 05:11:13 PM
 #2

The dude could have be holed up in his parents basement, wearing dirty underwear and popping pills.  Truly amazing they have managed to amass so much wealth and their identity remains not publicly known.  That fact alone is a testament to the power of Bitcoin and an example of one of the many ways in which it is going to change the world.

You know , this doesn't sound too good , or even funny considering we're talking about a guy who did all this with good intention.

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November 27, 2013, 05:12:06 PM
 #3

i'm thinking his bitcoins will never get used. if it was done for ideological reasons.

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November 27, 2013, 05:13:25 PM
 #4

what's the point in having them then? as i've been saying.. i would just donate them to charities or causes that i believe in. hell, bitcoin might even become a big thing during the next election cycle. if satoshi is a libertarian, he could donate to a ron paul or whoever.

it's certainly better than letting your btc accumulate.
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November 27, 2013, 05:28:03 PM
 #5

what's the point in having them then? as i've been saying.. i would just donate them to charities or causes that i believe in. hell, bitcoin might even become a big thing during the next election cycle. if satoshi is a libertarian, he could donate to a ron paul or whoever.

it's certainly better than letting your btc accumulate.

Yeah, I'm a charity case too.  Cheesy

Hey Satoshi, Can I have 1 BTC? You have so many...

But seriously, kicking myself for not getting into this in 2010....
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November 27, 2013, 05:29:22 PM
 #6

The dude could have be holed up in his parents basement, wearing dirty underwear and popping pills.  Truly amazing they have managed to amass so much wealth and their identity remains not publicly known.  That fact alone is a testament to the power of Bitcoin and an example of one of the many ways in which it is going to change the world.

You know , this doesn't sound too good , or even funny considering we're talking about a guy who did all this with good intention.

I hope no one takes offense to that.  I don't want to disparage Satoshi in any way, he is a genius and thus far conducted himself with total integrity.  My point is that he could be anyone, and it's okay for him to be anyone.  Bitcoin can remove the need for some types of judgements of character which have have until now been either necessary or just unavoidable.  If Satoshi did resemble the character I described, I wouldn't think any less of him.  Maybe the 'popping pills' part was a little over the top; whoever they are it's pretty clear they have, or at least had, all of their mental faculties in top working order.  That doesn't mean they don't use and enjoy mind altering substances regularly, but I would be surprised if they really let themselves go.

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November 27, 2013, 06:45:50 PM
 #7

The real "satoshi"
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November 27, 2013, 06:49:14 PM
 #8

I hope no one takes offense to that.  I don't want to disparage Satoshi in any way
Dont stress.  We all laughed.  Noithor is a weirdo who makes strange comments in all my threads too.  

Sense of humor is missing for some people.  Nobody took offense.  It was funny.  Im sure Satoshi even laughed a little.

How will Satoshi ever cash out if he ultimately has to tie to a bank account?  

I suppose he'll just start spending, but even then, he's got to ship his shit somewhere right?

Should be interesting ... hope he has a plan in place to stay anonymous.

Im sure he does.

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November 27, 2013, 07:16:58 PM
 #9

I hope no one takes offense to that.  I don't want to disparage Satoshi in any way
Dont stress.  We all laughed.  Noithor is a weirdo who makes strange comments in all my threads too.  

Sense of humor is missing for some people.  Nobody took offense.  It was funny.  Im sure Satoshi even laughed a little.

How will Satoshi ever cash out if he ultimately has to tie to a bank account?  

I suppose he'll just start spending, but even then, he's got to ship his shit somewhere right?

Should be interesting ... hope he has a plan in place to stay anonymous.

Im sure he does.
Some people are just weird. That was a funny statement about satoshi.
Anyhow, he can send some of the coins to mixers and mixers until it just becomes untraceable, and he's good to go.


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November 27, 2013, 07:35:14 PM
 #10

The dude could have be holed up in his parents basement, wearing dirty underwear and popping pills.  Truly amazing they have managed to amass so much wealth and their identity remains not publicly known.  That fact alone is a testament to the power of Bitcoin and an example of one of the many ways in which it is going to change the world.

if he has over a billion dollars worth ,i wonder what his exit strategy is
how do you cash a billion dollars worth of btc ?
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November 27, 2013, 07:47:18 PM
 #11

The dude could have be holed up in his parents basement, wearing dirty underwear and popping pills.  Truly amazing they have managed to amass so much wealth and their identity remains not publicly known.  That fact alone is a testament to the power of Bitcoin and an example of one of the many ways in which it is going to change the world.

How does anybody know how many bitcoins he has (or had)?
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November 27, 2013, 07:56:00 PM
 #12

if he has over a billion dollars worth ,i wonder what his exit strategy is
how do you cash a billion dollars worth of btc ?

I think it is pretty obvious that Satoshi neither has nor wants an exit strategy.  He is not going to cash out.  What is an open question though, is what will he do if bitcoin grows to its full potential and becomes the entrenched global reserve currency.  Controlling 5% of the global reserve currency is better thought of in terms of power, rather than 'wealth', at least to the extent that those are separable concepts.  Will he chose to exercise the power and influence afford to him?  Or will his coins remain unmoved, and Satoshi unknown.  One thing he could do is provably destroy all his coins.  That would be a 5% - 20% gift (depending on the true coin supply) to every holder of BTC in a perfectly proportional manner.

Maybe the wealth haunts him.  He has done his service to humanity.  He could have the millions of dollars and a few already-mixed BTC to provide for his basic needs in life.  I bet if you were to ask around these forums, you would find many people troubled by their new-found wealth.  Not that they don't deserve it, or anything like that, but it can be isolating.  Especially if your friends, family, and community are not wealthy.  It would be quite difficult to be a multimillionaire and with paycheck to paycheck friends and not have that dynamic put some strange strains on normal social interactions.  

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November 27, 2013, 08:20:35 PM
 #13

Satoshi uses his funds to turn himself into Superman, then goes back in time to found the Illuminati.
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November 27, 2013, 08:40:19 PM
 #14

Satoshi uses his funds to turn himself into Superman, then goes back in time to found the Illuminati.

more like tony stark. and he uses his exo suit to fight bad mutant politicians and banksters.
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November 27, 2013, 10:18:36 PM
 #15

Satoshi uses his funds to turn himself into Superman, then goes back in time to found the Illuminati.

more like tony stark. and he uses his exo suit to fight bad mutant politicians and banksters.

If bitcoin becomes "the" global currency, wouldn't that make Satoshi himself the ultimate bankster?
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November 27, 2013, 11:30:41 PM
 #16

Satoshi uses his funds to turn himself into Superman, then goes back in time to found the Illuminati.

more like tony stark. and he uses his exo suit to fight bad mutant politicians and banksters.

If bitcoin becomes "the" global currency, wouldn't that make Satoshi himself the ultimate bankster?

Satoshi the trillionare?

Tis a strange thought isnt it, if 1 Bitcoin ever became worth an insane amount and FIAT was not in hyper-inflation, $100,000 or up, all those holding a large amount of coins would be insanely wealthy, wealthier than all the big oil barons and steel company billionares of the world.

I can't really imagine that happening though, mind you some said the idea of $1000 per coin is utter madness when they were worth just $1 each...

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November 28, 2013, 12:00:54 AM
 #17

Satoshi is prob the owner of mtgox!


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Lauda
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November 28, 2013, 12:09:34 AM
 #18

Satoshi is prob the owner of mtgox!
Where did you come up with this?


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wachtwoord
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November 28, 2013, 12:12:26 AM
 #19

Satoshi is prob the owner of mtgox!
Where did you come up with this?

What, wait! There is more than one Japanese person? Cheesy

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November 28, 2013, 01:32:21 AM
 #20

How do people know that satoshi hasn't already sold some of his coins  ??  Huh
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