Bitcoin Forum
November 14, 2024, 10:46:38 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: can satoshi kill bitcoin?  (Read 6140 times)
hilariousandco
Global Moderator
Legendary
*
Offline Offline

Activity: 3990
Merit: 2717


Join the world-leading crypto sportsbook NOW!


View Profile
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.

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
░░░████▄▄▄▄
░▄▄░
▄▄███████▄▀█████▄▄
██▄████▌▐█▌█████▄██
████▀▄▄▄▌███░▄▄▄▀████
██████▄▄▄█▄▄▄██████
█░███████░▐█▌░███████░█
▀▀██▀░██░▐█▌░██░▀██▀▀
▄▄▄░█▀░█░██░▐█▌░██░█░▀█░▄▄▄
██▀░░░░▀██░▐█▌░██▀░░░░▀██
▀██
█████▄███▀▀██▀▀███▄███████▀
▀███████████████████████▀
▀▀▀▀███████████▀▀▀▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
mateo
Member
**
Offline Offline

Activity: 87
Merit: 10



View Profile
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!
guybrushthreepwood
Legendary
*
Offline Offline

Activity: 1232
Merit: 1195



View Profile
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?
illpoet
Sr. Member
****
Offline Offline

Activity: 341
Merit: 250


View Profile
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

Tym's Get Rich Slow scheme: plse send .00001 to
btc: 1DKRaNUnMQkeby6Dk1d8e6fRczSrTEhd8p ltc: LV4Udu7x9aLs28MoMCzsvVGKJbSmrHESnt
thank you.
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!