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minime
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December 16, 2013, 03:16:07 PM |
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Satoshi can drop the price of bitcoin to zero if he decides to sell his massive stack. Other than that you are not following anyone except yourself with bitcoins.
Even he won't be able to drop it to 0. There are enough orders on gox alone to buy all his coins at 1$  . why should he do it? he probably does not need that kind of money... |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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hilariousandco
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December 16, 2013, 03:20:15 PM |
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Satoshi can drop the price of bitcoin to zero if he decides to sell his massive stack. Other than that you are not following anyone except yourself with bitcoins.
Even he won't be able to drop it to 0. There are enough orders on gox alone to buy all his coins at 1$ . why should he do it? he probably does not need that kind of money... Maybe he forgot his password. Probably why the coins have never moved  . |
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bryant.coleman
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December 16, 2013, 03:23:36 PM |
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why should he do it? he probably does not need that kind of money...
If he is ideologically motivated..... then may be... Maybe he forgot his password. Probably why the coins have never moved . If that's the case, then even less BTCs are in circulation and the value of BTC increases further! |
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Authentic
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1FRpXqj6kedknh5uNpdo8FS3U49XJPJJy1
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December 16, 2013, 03:29:38 PM |
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Code wise, bitcoin has grown beyond the control of any one person now. However, Satoshi does own close to 1,000,000 bitcoins. If he sold them all at one time, it would likely seriously depress the market price of bitcoins. I think that's about the only serious negative thing he could do, and I can't imagine why he'd want to really, as I'm sure he wants his bitcoins to be worth as much as possible, just like most everyone else does.
What would stop Satoshi from launching a 51% attack? I'd say yes he does have kill switch capability but I don't think he's interested in using it at this time. Satoshi has the same capabilities than anyone else in launching a 51% attack. Being Satoshi doesn't give you any advantage over this. |
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pand70
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December 17, 2013, 02:04:45 AM |
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I think the main question now is if China can kill bitcoin ...  |
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Ruzka
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December 17, 2013, 02:57:31 AM |
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He would not be able to kill Bitcoin, No.
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descarte (OP)
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December 17, 2013, 03:18:05 AM |
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probably only united nations can kill bitcoin.
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CoinGeneral
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December 17, 2013, 04:14:05 AM |
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In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?
YES. Let's say he comes back and says "Okay guys, we're upgrading to Bitcoin 2.0. This new digital currency has worked out all the bugs found in Bitcoin and is infinitely more efficient and has all these new features not seen in currency before. Time to upgrade!" Then everyone will switch over. DUHHHHHHHHHHH |
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stompix
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Blackjack.fun
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December 17, 2013, 11:01:34 AM |
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In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?
YES. Let's say he comes back and says "Okay guys, we're upgrading to Bitcoin 2.0. This new digital currency has worked out all the bugs found in Bitcoin and is infinitely more efficient and has all these new features not seen in currency before. Time to upgrade!" Then everyone will switch over. DUHHHHHHHHHHH By your reasoning , if Bill Gates launches a new operating system , you really think everybody will switch to "Doors 8"? More likely people will start arguing about the new features and about why he had come back and promote this. Lots will see cia and nsa involvement with his re appearance. |
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.BLACKJACK ♠ FUN. | | | ███▄██████
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darlings
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December 17, 2013, 11:04:40 AM |
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Nope , he dint created it but he found it so theres no way for him to kill bitcoin
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hilariousandco
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December 17, 2013, 11:07:14 AM |
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why should he do it? he probably does not need that kind of money...
If he is ideologically motivated..... then may be... Maybe he forgot his password. Probably why the coins have never moved . If that's the case, then even less BTCs are in circulation and the value of BTC increases further! Probably be a good idea if the coins never get spent or our put into circulation. Dumping those coins all at once could put Bitcoin back to where it started from, but maybe people might see that as fair for everyone else, not so much people who have paid a lot of money for the coins though ahaha |
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CoinGeneral
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The General
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December 19, 2013, 05:59:46 AM |
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In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?
YES. Let's say he comes back and says "Okay guys, we're upgrading to Bitcoin 2.0. This new digital currency has worked out all the bugs found in Bitcoin and is infinitely more efficient and has all these new features not seen in currency before. Time to upgrade!" Then everyone will switch over. DUHHHHHHHHHHH By your reasoning , if Bill Gates launches a new operating system , you really think everybody will switch to "Doors 8"? More likely people will start arguing about the new features and about why he had come back and promote this. Lots will see cia and nsa involvement with his re appearance. YES. If Bill Gates comes back and says "Okay look guys I just came up with the ultimate operating system ever made EVER It is 99999999x better than Linux and Mac OS X Combined It is 999999% fully customizeable Plus no matter what computer you install it on, even on a VHS, it will be faster than the fastest supercomputer today" Then YES everyone will switch to that DUH |
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stompix
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Blackjack.fun
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December 19, 2013, 07:54:21 AM |
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In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?
YES. Let's say he comes back and says "Okay guys, we're upgrading to Bitcoin 2.0. This new digital currency has worked out all the bugs found in Bitcoin and is infinitely more efficient and has all these new features not seen in currency before. Time to upgrade!" Then everyone will switch over. DUHHHHHHHHHHH By your reasoning , if Bill Gates launches a new operating system , you really think everybody will switch to "Doors 8"? More likely people will start arguing about the new features and about why he had come back and promote this. Lots will see cia and nsa involvement with his re appearance. YES. If Bill Gates comes back and says "Okay look guys I just came up with the ultimate operating system ever made EVER It is 99999999x better than Linux and Mac OS X Combined It is 999999% fully customizeable Plus no matter what computer you install it on, even on a VHS, it will be faster than the fastest supercomputer today" Then YES everyone will switch to that DUH Too bad we can't have a bet on this. You give both Bill Gates and Satoshi way too much power. There are lots of example in the past of failed attempts to reinvent. |
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.BLACKJACK ♠ FUN. | | | ███▄██████
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██████████ | | CRYPTO CASINO &
SPORTS BETTING | | │ | | │ | ▄▄███████▄▄
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CoinGeneral
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Merit: 100
The General
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December 19, 2013, 10:14:35 AM |
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In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?
YES. Let's say he comes back and says "Okay guys, we're upgrading to Bitcoin 2.0. This new digital currency has worked out all the bugs found in Bitcoin and is infinitely more efficient and has all these new features not seen in currency before. Time to upgrade!" Then everyone will switch over. DUHHHHHHHHHHH By your reasoning , if Bill Gates launches a new operating system , you really think everybody will switch to "Doors 8"? More likely people will start arguing about the new features and about why he had come back and promote this. Lots will see cia and nsa involvement with his re appearance. YES. If Bill Gates comes back and says "Okay look guys I just came up with the ultimate operating system ever made EVER It is 99999999x better than Linux and Mac OS X Combined It is 999999% fully customizeable Plus no matter what computer you install it on, even on a VHS, it will be faster than the fastest supercomputer today" Then YES everyone will switch to that DUH Too bad we can't have a bet on this. You give both Bill Gates and Satoshi way too much power. There are lots of example in the past of failed attempts to reinvent. Name a few examples of failed reinvention you can think of that aren't the following: -Qwerty keyboard That's all I can think of that was a failed reinvention adoption If you want to be more specific, both the Bill Gates and Satoshi Nakamoto update scenarios involve the creators vanishing and then returning. If you can provide a few examples like that where a vanished creator comes back and fails to convince people to convert then you win. |
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descarte (OP)
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December 19, 2013, 10:28:54 AM |
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i truly believe that satoshi will have a lot of weight in what he says if he comes back. people will trust him. I think every word he says can cause sadness or happiness in exchange market.
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hilariousandco
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December 19, 2013, 10:38:49 AM |
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i truly believe that satoshi will have a lot of weight in what he says if he comes back. people will trust him. I think every word he says can cause sadness or happiness in exchange market.
I'd be on the contrary. I'd be suspscious of why he's suddenly come back. It would be interesting to hear his reasons for doing so. |
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guybrushthreepwood
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December 19, 2013, 10:40:49 AM |
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In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?
YES. Let's say he comes back and says "Okay guys, we're upgrading to Bitcoin 2.0. This new digital currency has worked out all the bugs found in Bitcoin and is infinitely more efficient and has all these new features not seen in currency before. Time to upgrade!" Then everyone will switch over. DUHHHHHHHHHHH By your reasoning , if Bill Gates launches a new operating system , you really think everybody will switch to "Doors 8"? More likely people will start arguing about the new features and about why he had come back and promote this. Lots will see cia and nsa involvement with his re appearance. YES. If Bill Gates comes back and says "Okay look guys I just came up with the ultimate operating system ever made EVER It is 99999999x better than Linux and Mac OS X Combined It is 999999% fully customizeable Plus no matter what computer you install it on, even on a VHS, it will be faster than the fastest supercomputer today" Then YES everyone will switch to that DUH Too bad we can't have a bet on this. You give both Bill Gates and Satoshi way too much power. There are lots of example in the past of failed attempts to reinvent. Name a few examples of failed reinvention you can think of that aren't the following: -Qwerty keyboard That's all I can think of that was a failed reinvention adoption If you want to be more specific, both the Bill Gates and Satoshi Nakamoto update scenarios involve the creators vanishing and then returning. If you can provide a few examples like that where a vanished creator comes back and fails to convince people to convert then you win. A few failed Apple products? Here's some: http://www.oobject.com/category/12-failed-apple-products/ |
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Joopii
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December 19, 2013, 12:32:40 PM |
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Satoshi could change the price by quite a lot by selling all his Bitcoins, but that wouldn't "kill" it, that would just temporarily make the price drop.
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e4xit
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December 19, 2013, 01:53:39 PM |
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What would stop Satoshi from launching a 51% attack?
I'd say yes he does have kill switch capability but I don't think he's interested in using it at this time.
You have got to be trolling me Kill switch capability indeed. How have you made so many posts and still are unable to... No, its definitely troll. Fool me once. Shame. Shame on me... |
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CoinJoin, always.
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poblico
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December 19, 2013, 01:54:41 PM |
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Killswitch engage. Satoshi destroyed any chance of destroying Bitcoin the moment they disappeared; The project diversified the moment they left. You should check out this video, notice what happens when they fade away, their job was done, it was time to go. http://www.youtube.com/watch?v=dg4mCKB3RVsWho is the other dude in the begging working with satoshi? |
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