Predatorian
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Activity: 70
Merit: 10
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March 04, 2014, 02:45:19 PM |
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Hello! New to this forum but here's my thoughts.
If i was Satoshi i would do exactly the same thing, sit on the coins.
With current course it's worth 600-700,000,000$. That is shit load of money, but it will be much more in the future.
I think creating bitcoin is only the first step. Satoshi is a believer in bitcoin(ideology), and he probably sees the price hitting anything between 10,000-50,000$ in future. Now we're talking about real POWER. You can bring down goverments(or help them), raise armies, help scientific developement or do pretty much anything you want.
I'd like to think that the money will be used to make the world better place.
+1 it's seems like he's ideology, probably doing this in some kind of reason, BTC gonna be more value in future for sure. |
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howardb
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March 04, 2014, 02:59:54 PM |
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Having 1 million btc is a complete obscenity.
He should start giving them away somehow.
He is not the 1% but the 0.000001% Warren Buffet is broke compared to satoshi (talking about wealth percentage)
What do you think?
If he had that amount it would put him in the same ball park as Vladimir Putin's ill gotten wealth stolen from his own people, currently estimated to exceed $70 billion. Surely Putin would be a better target for your wrath than the man that just may have changed the world for better for ever!! |
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pungopete468
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March 04, 2014, 03:41:25 PM |
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He should spend them however he wants; whenever he wants.
Nobody else is entitled to his wealth.
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ZephramC
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March 04, 2014, 07:14:22 PM |
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Having 1 million btc is a complete obscenity.
He should start giving them away somehow.
He is not the 1% but the 0.000001% Warren Buffet is broke compared to satoshi (talking about wealth percentage)
What do you think?
I think he deserves all of it. And I strongly believe he should be free to to anything he wants with these coins. Such as: nothing, donating them to the poor, donating them to the super-rich, use them to support megacorporations, use them to support new BTC bussiness, fund space exploration, fight global warming, support global warming... He can even buy several hundred tones of food and medicine and then slowly burn this pile in front of starving children in Africa (also paying sizable armed protection from hungry envious mob who would "know better what to do with property of others"). So after this "He should be free to to anything he wants with these coins." I have some suggestions for him: Use the coins to increase Bitcoin adoption, stabilize its use and guard its core principles. |
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_Miracle
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March 04, 2014, 07:23:42 PM |
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None of anyone's business what anyone else does or doesn't do with their own coins.
These are the conditions we're aware of when we participate.
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There 'used' to be more truth in forums than anywhere else. Twitter: @cryptobitchicks Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?" INTJ-A
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Toxonaut
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Activity: 28
Merit: 0
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March 04, 2014, 07:27:15 PM |
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I actually think that he lost all his coins and is so embarrassed about it that he'll stay quiet forever.
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Luno
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March 04, 2014, 07:32:19 PM |
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I actually think that he lost all his coins and is so embarrassed about it that he'll stay quiet forever.
He ordered the little known 1.000.000 BTC pizza with extra cheese and pepperoni, but got scammed as the pizza guy fell on his doorstep. This is the true story of why he disappeared. The threads about it has been deleted in respect to hide his embarrassment. Before exchanges it was: "never trust a pizza joint with your BTC". Times have changed. |
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ilpirata79
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March 04, 2014, 07:34:09 PM |
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He should donate it to the victims of Dog gox, also known as empty gox.
Best regards,
ilpirata79
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HorseCoin
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Activity: 42
Merit: 0
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March 04, 2014, 07:52:08 PM |
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hope he got breadsticks with his pizza  |
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Rez
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March 04, 2014, 08:33:40 PM |
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Having 1 million btc is a complete obscenity.
He should start giving them away somehow.
He is not the 1% but the 0.000001% Warren Buffet is broke compared to satoshi (talking about wealth percentage)
What do you think?
If Satoshi wanted to do that, then Satoshi would do that. Either Satoshi no longer has the keys, or Satoshi doesn't wish to move the coins he/they own. So, no. |
BITCOIN.SL Domain for Sale - ฿5.00 - Bitcoin Only - Escrow OK
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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March 04, 2014, 09:05:30 PM |
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Who decides on what he should or shouldn't do with them?
He shouldn't give away anything.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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pizzaboy69696969
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March 04, 2014, 09:52:57 PM |
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It's interesting actually that Satoshi dissapeared completely, especially from the forums.
Hopefully he/she/it didn't die, leaving those million coins just sitting.
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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March 04, 2014, 09:58:34 PM |
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It's interesting actually that Satoshi dissapeared completely, especially from the forums.
Hopefully he/she/it didn't die, leaving those million coins just sitting.
Hopefully she did leave them sitting. Imagine a sell order for 1M BTC on an exchange.  |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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mateo
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Merit: 10
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March 05, 2014, 12:03:01 AM |
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Which is probably the point. If I had a million coins, there's no way in hell I would just give them away and neither would you, but it's bad for the supposedly decentralized Bitcoin in general, when one person/entity holds almost 10% of the entire supply and thus has the power to kill it for years.
If I'm doing my math right, miners will mine what Satoshi allegedly holds in 278 days. His share drops from 10% to 9%. His power to "kill" bitcoin will degrade over time. No, the rate of new Bitcoins degrades exponentially. Even at the maximum limit of 21 million Bitcoins, Satoshi would still hold almost 5% of the entire supply a hundred years from now. Still way too much. |
BTC to the moon!
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overide168
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March 05, 2014, 12:05:59 AM |
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he probably burned the private key
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acarterczyz
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March 05, 2014, 12:34:19 AM |
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Satoshi, if you are reading this - my BTC address is in my signature. Just sayin'. |
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Coins4life
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March 05, 2014, 12:43:24 AM |
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Maybe they died and the coins are just sitting in a family members storage unit.
Time to travel across the world to storage auctions and find these coins!
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jdbtracker
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March 05, 2014, 12:43:44 AM |
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What if they are plotting to use those coins for Evil?  But on a serious note maybe satoshi should abolish death... I read sending someone to mars could cost only 3 Billion dollars; It can be done. 17 billion to feed all the worlds poor for a year, no starvation for a moment in human history for once. 28 billion to build a super super LHC 50 mile radius, imagine what secrets we could discover with that! 30 billion to pay all the dept from developing countries, 100 billion buy Facebook. I wonder what you could do with a Trillion dollars, mind blowing. |
If you think my efforts are worth something; I'll keep on keeping on.
I don't believe in IQ, only in Determination.
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acarterczyz
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March 05, 2014, 12:52:24 AM |
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I wonder what you could do with a Trillion dollars, mind blowing.
Buy a better body guard. |
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Wilikon
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Merit: 1001
minds.com/Wilikon
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March 05, 2014, 01:04:32 AM |
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Having 1 million btc is a complete obscenity.
He should start giving them away somehow.
He is not the 1% but the 0.000001% Warren Buffet is broke compared to satoshi (talking about wealth percentage)
What do you think?
What did you do for the bitcoin project to make it better to have demand to what people should do with their bitcoins? Are you willing to use bitcoin cops against what you called "complete obscenity"? Who will be next? How much bitcoins max should bitcoiners have in their wallet according to you? Stop asking for free stuff. Contribute. |
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