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Author Topic: can satoshi kill bitcoin?  (Read 6080 times)
hilariousandco
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December 19, 2013, 01:57:26 PM
 #61

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.

He could drop the price down massively if he dumped all his coins at once.

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"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
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December 19, 2013, 01:59:34 PM
 #62

In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?

What can he do to make bitcoin valueless? What if he comes back and spread some ugly news about bitcoin? What if he comes back and sell all his bitcoins away? What if he comes back and say xxxcoin is the way to go? What is going to happen to bitcoin?

If satoshi is nsa or some scamming group, can he/they potentially use this power to control or destroy the whole world once bitcoin is accepted into the mainstream? If thats the case, all the mining gears, stock exchanges and all industry that builds around bitcoin will disappear in a day.

What if satoshi is a sadist or has emotional problems? are we all too naive to follow the tail of an anonymous person?

will that day every come?



If he starts selling all of his 980.000 BTC, the price of Bitcoin would drop below 1 USD, he might not have the power to kill Bitcoin entirely, but he definitely has power to make people who hold Bitcoin lose a lot of money. FBI, by the way, also hold around 27.000 BTC seazed from Silkroad, that they said they will liquidate when legal proceedings are over. So expect a price drop when Ulbricht's trial is over.

BTC to the moon!
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December 19, 2013, 02:01:44 PM
 #63

In a hypothetical situation, if satoshi ever comes back, does he has the power to kill crypotcurrency?

What can he do to make bitcoin valueless? What if he comes back and spread some ugly news about bitcoin? What if he comes back and sell all his bitcoins away? What if he comes back and say xxxcoin is the way to go? What is going to happen to bitcoin?

If satoshi is nsa or some scamming group, can he/they potentially use this power to control or destroy the whole world once bitcoin is accepted into the mainstream? If thats the case, all the mining gears, stock exchanges and all industry that builds around bitcoin will disappear in a day.

What if satoshi is a sadist or has emotional problems? are we all too naive to follow the tail of an anonymous person?

will that day every come?



If he starts selling all of his 980.000 BTC, the price of Bitcoin would drop below 1 USD, he might not have the power to kill Bitcoin entirely, but he definitely has power to make people who hold Bitcoin lose a lot of money. FBI, by the way, also hold around 27.000 BTC seazed from Silkroad, that they said they will liquidate when legal proceedings are over. So expect a price drop when Ulbricht's trial is over.

When does his trial start? I wonder if they'll dump them or sell 'em slowly?
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December 19, 2013, 03:06:36 PM
 #64

Fact: Irl satoshi is an al paca that shoots lasers out of his eyes.

Give me proof that Satoshi is even alive. What if I claim that he died of drug overdose in 2012?  Grin

lol ... give me proof he's even HUMAN! Cheesy

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