CSW apparently will dump 1M Bitcoin to crash the Market

[jimbo2000]

I don't believe he's the real Satoshi and would be quite saddened if he were to be. If CSW himself did have 1 million coins he wouldn't dump them, he cares too much about money and reputation to pull such a stunt.

[audaciousbeing]

A lot of people have argued about Craig not having 1 million bitcoins. The basis for that is what I don't know since bitcoin wallet does not have names attached to it to rightly claim it belongs to a particular individual. If Craig did not dump, the real issue is can the dumping of 1million bitcoins crash the market and that should really be the subject of discussion and its obvious its going to cause a lot of damage to the already staggering price which is equally showing to the whole world that to give a final blow to the popularity of bitcoin, dump 1 million coins.

[gentlemand]

If Craig did not dump, the real issue is can the dumping of 1million bitcoins crash the market and that should really be the subject of discussion and its obvious its going to cause a lot of damage to the already staggering price which is equally showing to the whole world that to give a final blow to the popularity of bitcoin, dump 1 million coins.

The Silk Road auctions attracted a ton of attention back in the day entirely because there's no other way to secure large amounts of coins. Cumberland Mining offered to handle the OTC sale of the entirety of Gox's 200,000 remaining coins.

There would be enough buyers who'd absolutely love an opportunity of that magnitude. No matter who you are, you can only dump once.

My estimate is that Craigy has his Yobit sig campaign earnings and not anything else to his name. He probably gets an allowance from his great aunt.

[btc_angela]

I've heard rumors from people saying that CSW (Craig Wright) will be dumping all of his "APPARENT" Bitcoins onto the market thereby crashing the market.

Rumor is false and has no basis.

Although i don't believe CSW is Satoshi , I think Nick Szabo is Satoshi Nakamoto.

We don't have proof so this is wrong assumption that Nick or whoever is Satoshi.

What do u guys think? Will CSW actually do it? or is he just lying again?

Again we don't have proof. And if ever he has that enormous amount, he should have dump it when the price is at its all-time-high.

[cellard]

CSW's supposed coins already got exposed by Wizsec, the whole thing seems extremely scammy. To me he is playing the role of a cult leader, trying to cater for the masses of sheep that need icons, in this case posing as satoshi. Here's Wizsec's work:



In any case, we'll find out of CSW is bluffing once again or not in the coming days. Mark November 15th in your calendar because apparently CSW will crush Jihan Wu's hashrate in BCash and will impose his chain. He also claimed that he will put Bitmain on bankruptcy.

[drawingthesun]

I've heard rumors from people saying that CSW (Craig Wright) will be dumping all of his "APPARENT" Bitcoins onto the market thereby crashing the market.

If he has 1 million bitcoins, or close to it and he starts to dump, in the short term (1-2 years) we will hurt a little bit, but in the long run this is the best thing that can happen to Bitcoin.

Anyone dumping a large holding does the community a good long term service. For they are redistributing their coins to many other people.

If he dumps 1 million btc over 2 years, it's likely thousands to hundreds of thousands of people will buy up these cheap btc.

This means the average holding per person goes down (makes the distribution a little less weighted towards older whales.)

And this means that there no longer exists someone with that much potential bullying power, once they manipulate and sell, it's done and over.

Just make sure you buy as much of those btc as you can! Do your part!

Although i don't believe CSW is Satoshi , I think Nick Szabo is Satoshi Nakamoto.

In all honestly I do not believe either are Satoshi.

Nick was very public about all of his developments prior to Satoshi coming on the scene. It's unlikely Nick would have felt the need to be anonymous considering he had no issue with being public before.

I think that Satoshi being anonymous was important to stop any legal action being taken against him, but Nick was freely making various advancements with Bitgold and didn't care about law enforcement. Also Nick has a law degree so perhaps he knew that there was no need to be anonymous. (And I am too paranoid).

And for sure, Craig Wright is not Satoshi, he seems to be the complete opposite.

[cryptocrusher]

If this did prove to be true then there wouldn't be much you could do to prepare for it except to get out while you still can. I'm almost certain that it's not true however. Even if he was Satoshi, why would he choose to dump his coins and effectively kill off his own creation in one fell swoop?

Well , some people would say that we have destroyed his great creation. (Banks getting involved etc)

Well, given that bitcoin functions that it was meant to, and it is decentralized, if the people choose for it to fall in to the hands of banks then that's their will. It's not possible for banks to get control of bitcoin unless people sell it to them.

[bitcoin31]

Maybe yes maybe not who is really satoshi Nakomoto because he or she did not mentiom his/her real Identity so until now it's unknown. If they going to crush bitcoin remember we are here to buy more bitcoin and to pump again the value.

[hatshepsut93]

CSW is full of shit, he's a scammer and we really should stop talking about him - even when we discuss him negatively, it still gives him popularity. It's ridiculous to discuss if he is Satoshi or not, and whether he has 1m coins or not, people like him just want attention to become a celebrity and then recruit fanatical followers from those who are stupid enough to believe them. So, please, don't talk about CSW, it's exactly what he wants.