Satoshi Never Touched a Single Bitcoin Reward

[gmaxwell]

because satoshi did spend some coins(to hal) and there is published communication of doing so, analysis can link the block reward that was spent to hal, thus from satoshi mined coin is then linked to the patoshi pattern.. thus evidence the pattern of a certain miner was satoshi

Yeah nice story-- except the truth is the opposite:  The coins Satoshi sent to Hal (and others) are from blocks which are not part of the patoshi pattern.

[Smartvirus]

Satoshi mined over a million Bitcoin

yet never touched a single one

Say something like this and I would ask, just how do you know it came to this conclusion?

Of course there are some wallets that have remained cold over the years which we have associated or traced back to Satoshi Nakamoto but, can we conclusively say that, those are the only wallet the founder used?

For someone that has mastered the art of being anonymous and staying anonymous, I think his wallets too would be where he expresses this craft even the more perfectly else, Satoshi Nakamoto would have failed in this aspect.

I can’t say for sure that he never indeed transact in Bitcoin or took some rewards off it but, something tells me, the founder has got means to use and event from this innovation.

[BitHodlers]

Satoshi mined over a million Bitcoin

yet never touched a single one

Say something like this and I would ask, just how do you know it came to this conclusion?
yet never touched a single one

You are asking how he came to this conclusion and in the same post you are making a baseless speculation. That's a bit ironic.

I can’t say for sure that he never indeed transact in Bitcoin or took some rewards off it but, something tells me, the founder has got means to use and event from this innovation.

At least in the case of OP there is good on chain evidence that confirms that most of Bitcoins that were mined early remain untouched from the satoshi era. If he did mine some later or kept some on the side that does not diminish this point at all, it just further reinforces it. Unlike every single altcoin scam founder like Vitalik, satoshi did not abuse his position of being early and has instead did things as correctly as possible. Whether he kept a few hundred or thousand coins out of a speculated million is completely irrelevant.

[Smartvirus]

Satoshi mined over a million Bitcoin

yet never touched a single one

Say something like this and I would ask, just how do you know it came to this conclusion?
yet never touched a single one

You are asking how he came to this conclusion and in the same post you are making a baseless speculation. That's a bit ironic.

I can’t say for sure that he never indeed transact in Bitcoin or took some rewards off it but, something tells me, the founder has got means to use and event from this innovation.

At least in the case of OP there is good on chain evidence that confirms that most of Bitcoins that were mined early remain untouched from the satoshi era. If he did mine some later or kept some on the side that does not diminish this point at all, it just further reinforces it. Unlike every single altcoin scam founder like Vitalik, satoshi did not abuse his position of being early and has instead did things as correctly as possible. Whether he kept a few hundred or thousand coins out of a speculated million is completely irrelevant.

The fact that you could see or accept the scenario of this possibility as I’ve bold ink in quote, puts you in acceptance with the point I was trying to make and that’s the irony I see here since, it’s actually baseline as you’ve said.

Mind you, we all are enjoying the decision of the founder in establishing the ideas that backs up having to hodl today and time bound valuation. No one is saying Satoshi Nakamoto abused the position of being the founder, hell no. What is being said here is, you don’t get to conclude on Satoshi Nakamoto to have never used Bitcoin even as its founder.

[uchegod-21]

Satoshi mined over a million Bitcoin

yet never touched a single one

No fame, no fortune, no face

Just pure code and a vision for the world

He walked away, left no footprints

No ego, just revolution

The greatest act of digital humility

A legend built then vanished for us.

Saying Satoshi created Bitcoin and choose not to benefit from it? You can't just arrive at this conclusion when we all don’t even know what must have happened or is even going on behind the scene. The bitcoins we see in his wallet address still belongs to him, even though yet untouched.
 

Satoshi mined over a million Bitcoin

yet never touched a single one

No fame, no fortune, no face

This is quite misleading. Satoshi, though faceless has gained that fame. You can imagine that individual or group we don't know, yet people all over the world keep talking about him. If Satoshi should surface, it would cause alot. I don't believe he worked away either, he sees everything but just doesn't want to be at the centre of it all.

[betswift]

Satoshi mined over a million Bitcoin

yet never touched a single one

No fame, no fortune, no face

Just pure code and a vision for the world

He walked away, left no footprints

No ego, just revolution

The greatest act of digital humility

A legend built then vanished for us.

Saying Satoshi created Bitcoin and choose not to benefit from it? You can't just arrive at this conclusion when we all don’t even know what must have happened or is even going on behind the scene. The bitcoins we see in his wallet address still belongs to him, even though yet untouched.
 

..Plus, as it was stated: those are the wallets that we know about.

How many of those we don't?

 

[Abiky]

Say something like this and I would ask, just how do you know it came to this conclusion?

Of course there are some wallets that have remained cold over the years which we have associated or traced back to Satoshi Nakamoto but, can we conclusively say that, those are the only wallet the founder used?

For someone that has mastered the art of being anonymous and staying anonymous, I think his wallets too would be where he expresses this craft even the more perfectly else, Satoshi Nakamoto would have failed in this aspect.

I can’t say for sure that he never indeed transact in Bitcoin or took some rewards off it but, something tells me, the founder has got means to use and event from this innovation.

We can only tell what we know based on our analysis of the Blockchain. But what if Satoshi had other addresses with BTC in them? He could've mined some coins in secret and kept the wallet hidden from plain sight (never disclosing the public key). The only way we can know if Satoshi "redeems" his BTC is if there's movement on the Blockchain from one of his wallets. They could either be in cold storage or simply lost. We'll never know for sure. And if the rumors of Satoshi being dead are true, then the massive BTC reward will be considered as "burnt" (a gift or donation to the community, thus making Bitcoin scarcer).

I hope Satoshi's coins are never moved, or market prices will go all the way downhill in an instant. At least, not all of his coins at once. Doing an OTC transaction would be best. We should be thankful for Satoshi giving us the "gift of Bitcoin". Otherwise, we would've been subject to "slavery" (as in financial slavery) forever. Who knows? Maybe we'll learn who Satoshi is (or ever was)? For now, let's just focus on making Bitcoin better.

[Ndabagi01]

~

He left it in a wallet and those 1+ million BTC have remained untouched. But there is no 100% guarantee it will remain that way.  Although most people seem to believe that Satoshi cannot or will not move those BTC. But even if he does, the market crash would only be temporary and we would see it coming because there is no way to sell that much at once. There is not enough liquidity.

And the bottom is going to be so worth buying... If anything, he would do us a favor by selling and crashing the price.

Satoshi moving those bitcoins will be a negative sign for many investors. Those bitcoin held in his wallet serves as liquidity that is keeping the rest of the market upholding its price. The market crash will be imminent unless if such happens because not only Satoshi’s bitcoin will be sold in the market, but also many investors will sell off their holdings and we will see bitcoin crash to an amount we never expected it to crash back again. That would be bad times in the market and some investors will never feel compelled to buy again if Satoshi indeed sell part or all of his holdings. It will look like an inventor distrusting his own invention.

[Johnlomape]

because satoshi did spend some coins(to hal) and there is published communication of doing so, analysis can link the block reward that was spent to hal, thus from satoshi mined coin is then linked to the patoshi pattern.. thus evidence the pattern of a certain miner was satoshi

Yeah nice story-- except the truth is the opposite:  The coins Satoshi sent to Hal (and others) are from blocks which are not part of the patoshi pattern.

There is a reason why Satoshi decided not to send Hal Bitcoin from the Patoshi pattern which was to isolate it so that the 10 BTC is not linked to the blocks.
Satoshi was a genius having all those Bitcoin and never bothered to touch them knowing they are going to worth billions, maybe trillions by next 10 years.

[NurseHub]

Satoshi was a genius having all those Bitcoin and never bothered to touch them knowing they are going to worth billions, maybe trillions by next 10 years.

The fact is; smartness pays alot and whatever the bitcoins which is speculated to be in his custody cost right now or in future is only a reward for great innovation.

[tabas]

Let's just hope that he's left them and will be untouched forever. Maybe there is an exploration team that tries to decode the wallet but it won't possibly happen anytime soon. As he has said, let's treat that as a donation to the community and the market that we have. While he's done it brilliantly, the institutions are now chasing all the Bitcoins that they can get but there are these bitcoins from satoshi and the others that are lost forever that won't take.

[adaseb]

Well we dont know whether he touched it or not. He didnt touch any of the earlier coins he mined with his laptop and with his known footprint. However how do we know if he didnt mine with another method in late 2009 or early 2010. He could of still mined a few BTC a day with regular GPUs and he might still be around and selling his coins backwards. Basically the latest mined coins he sell first and then moves on to the older ones.

Its just a theory but its possible. I think a few times last year a few coins from 2010 were actually sold. They were from the coinbase reward so they never moved until 15 years later. Maybe one of those is Satoshi, most likely not however.

[BitHodlers]

Let's just hope that he's left them and will be untouched forever. Maybe there is an exploration team that tries to decode the wallet but it won't possibly happen anytime soon. As he has said, let's treat that as a donation to the community and the market that we have. While he's done it brilliantly, the institutions are now chasing all the Bitcoins that they can get but there are these bitcoins from satoshi and the others that are lost forever that won't take.

It will be possible to recover coins that have the public key exposed, but when that is going to happen nobody really knows. Because of that it is important to remember that when these assumed coins do move, it is not going to be because it is satoshi. You can recognize satoshi by his behavior or words. That is why it was for example obvious that Craig Wright had zero chance of being Satoshi. Dorian was a much likely candidate because of his personality, even if it was not him.  

Well we dont know whether he touched it or not. He didnt touch any of the earlier coins he mined with his laptop and with his known footprint. However how do we know if he didnt mine with another method in late 2009 or early 2010. He could of still mined a few BTC a day with regular GPUs and he might still be around and selling his coins backwards. Basically the latest mined coins he sell first and then moves on to the older ones.

Its just a theory but its possible. I think a few times last year a few coins from 2010 were actually sold. They were from the coinbase reward so they never moved until 15 years later. Maybe one of those is Satoshi, most likely not however.

Well I think that the idea is more in terms of the assumed coins of satoshi. The coins that we think were his. From these he practically didn't touch any. Even if he touched a few it does not matter, because we are talking about it in a relative sense. Satoshi was just so radically different from every single altcoin founder that came afterwards. That is the important point, it does not matter if he didn't touch 99 percent or 100 percent of the coins that is just a minor detail.

[Smack That Ace]

Let's just hope that he's left them and will be untouched forever. Maybe there is an exploration team that tries to decode the wallet but it won't possibly happen anytime soon. As he has said, let's treat that as a donation to the community and the market that we have. While he's done it brilliantly, the institutions are now chasing all the Bitcoins that they can get but there are these bitcoins from satoshi and the others that are lost forever that won't take.

In my opinion, this is selfish and narrow-minded thinking. As you said, he has done it brilliantly and therefore, he should be properly compensated and rewarded for his contributions and efforts.

I don't know if anyone would be scared and panic if he sold all those bitcoins, but to me it's not scary at all. I hope he is still alive and will use those bitcoins one day, because he deserves that and even more.

Governments, organizations, companies and all of us can sell bitcoins and make a profit, why shouldn't he have the right to do so? Come on, don't be so selfish.

[john_egbert]

This is why he's an absolute chad and you can hardly find a creator that's like this and a more reason to hold BTC.

Him never touching the bitcoin is a proof that he's unfazed even with billions of money and stick to his vision.

As for now - yep, totally true.

And I hope it stays that way for all of BTC's history going forward.

[Abiky]

In my opinion, this is selfish and narrow-minded thinking. As you said, he has done it brilliantly and therefore, he should be properly compensated and rewarded for his contributions and efforts.

I don't know if anyone would be scared and panic if he sold all those bitcoins, but to me it's not scary at all. I hope he is still alive and will use those bitcoins one day, because he deserves that and even more.

Governments, organizations, companies and all of us can sell bitcoins and make a profit, why shouldn't he have the right to do so? Come on, don't be so selfish.

I think the poster is worried about Satoshi liquidating all of his Bitcoin at once. This would cause a huge market crash, leading to lower prices for Bitcoin (albeit for a short period of time). At this point, we must assume Satoshi is either dead or lost access to his coins. Otherwise, he would've sold the BTC already to live a comfortable life or simply donate it to charity. Whatever Satoshi decides to do with his BTC, shouldn't be of much importance to anyone.

What really matters is governments and institutions acquiring large amounts of the circulating supply. They're still behind, but gradually moving ahead. If they manage to accumulate most (if not all) of the supply, Bitcoin will be doomed. Even if miners and nodes are behind network consensus. Fortunately, there's a way to put such efforts in vain. The community can either fork away or simply approve a network upgrade that would "strip" governments, institutional firms, and other big entities from the network. Although, the last option would go against Bitcoin's original ideals of being "anti-censorship". The decision is theirs to take (community). Hopefully, things will go along smoothly until the very last Bitcoin is mined.

[tabas]

Let's just hope that he's left them and will be untouched forever. Maybe there is an exploration team that tries to decode the wallet but it won't possibly happen anytime soon. As he has said, let's treat that as a donation to the community and the market that we have. While he's done it brilliantly, the institutions are now chasing all the Bitcoins that they can get but there are these bitcoins from satoshi and the others that are lost forever that won't take.

It will be possible to recover coins that have the public key exposed, but when that is going to happen nobody really knows. Because of that it is important to remember that when these assumed coins do move, it is not going to be because it is satoshi. You can recognize satoshi by his behavior or words. That is why it was for example obvious that Craig Wright had zero chance of being Satoshi. Dorian was a much likely candidate because of his personality, even if it was not him.  

The chance is there but it's low. And as for CSW, it's easy to claim that he's satoshi but hard to prove by signing the wallet.

Let's just hope that he's left them and will be untouched forever.

In my opinion, this is selfish and narrow-minded thinking. As you said, he has done it brilliantly and therefore, he should be properly compensated and rewarded for his contributions and efforts.

I don't know if anyone would be scared and panic if he sold all those bitcoins, but to me it's not scary at all. I hope he is still alive and will use those bitcoins one day, because he deserves that and even more.

Governments, organizations, companies and all of us can sell bitcoins and make a profit, why shouldn't he have the right to do so? Come on, don't be so selfish.

We're praising him for his contribution and what he's done. I think it's not selfish at all because it came from satoshi himself that lost Bitcoins forever are a donation through reduction of supply. And so, it's likely that he done that on a purpose. While I also want to know and see someday that he's still alive and whatever he do with his Bitcoins, we can't do anything about it anymore if he's going to sell them all.

[Fivestar4everMVP]

Satoshi mined over a million Bitcoin

yet never touched a single one

No fame, no fortune, no face

Just pure code and a vision for the world

He walked away, left no footprints

No ego, just revolution

The greatest act of digital humility

A legend built then vanished for us.

Each time I think of this fact that Satoshi hasn't touched any bitcoin from his wallet since the inception or the beginning of all this, I have no choice but to wonder if the man is really still alive, I remember there was a time when this speculation about whether or not Satoshi was still alive, and just when the speculation was getting stronger, I think he added some new bitcoins to the same wallet where he held his millions of billions as a way to prove that he was still alive, I no longer remember what year this happened but it's been a while.

One thing certain for sure is that those bitcoin possibly won't remain untouched forever, so long as Satoshi is still alive and has full access and custody to the wallet holding those bitcoins, it definitely will be spent one day, maybe he is simply waiting for Bitcoin to reach a certain milestone before he starts spending it.