Why satoshi is gone?

[Watermelondea]

Satoshi is not an idiot(duuh). Im sure he knows what he is doing.

[xDan]

Maybe he's busy working on ZeroCoin?

[DieJohnny]

Worst case, USA probably has his private keys and will destroy Bitcoin whenever it wants to by releasing continuous stream of coins onto the markets for months on end.

We call that cheap coins. And that's your worst scenario? Cool.

Bitcoin itself would survive such a scenario, but the damage to the ecosystem would be devastating, the entire mining community would be forced elsewhere... would be interesting to watch.

No. There will always be miners, by design, no matter what the price does. And the "ecosystem" involves big holders dumping when they feel like it. Non-problem.

And what prevents miners from choosing another coin???.... nothing, and what are the barriers to another coin taking over because it is now more valuable?.... zero barriers, it is software, and there are a hundred coins with the same protocol.

No coin is even close to be more valuable : the second one Litecoin is only 2.5% of Bitcoin's valuation

I can imagine a coin created by a bank in Singapore or Hong Kong and backed by Gold that succeeds to get a lion share of the market but it would not mean that Bitcoin goes down to zero; by then Bitcoin will probably be valued a few tens of thousands of dollars or more

My point is that if someone gets Satoshi's million coins then they could destroy Bitcoin valuation themselves and keep the valuation low for a long period of time as they released the coins on the market. If this were to happen, it clearly opens the door for other coins. Yes no other coin is close, but that is because Bitcoin is so valuable, you change that price and people are being foolish if they don't think another coin could take its place.

[ebliever]

My point is that if someone gets Satoshi's million coins then they could destroy Bitcoin valuation themselves and keep the valuation low for a long period of time as they released the coins on the market. If this were to happen, it clearly opens the door for other coins. Yes no other coin is close, but that is because Bitcoin is so valuable, you change that price and people are being foolish if they don't think another coin could take its place.

The problem with the thesis that driving down BTC's value would enable another to take its place is that all other crypto is basically tied to BTC pricing and 99% of the trades for altcoins are done via BTC. So driving down the price of BTC would just drive down the price of all other alts to almost the same degree.

I don't think it would work at any rate. There are enough people who would start buying up the million BTC as the price dropped that I expect, after the dust settled, that BTC would still be well above $100 and probably several times that. Only if the sell-off coincided with some seriously bad news of Mt. Gox magnitude would the buyers stay away.

[boumalo]

My point is that if someone gets Satoshi's million coins then they could destroy Bitcoin valuation themselves and keep the valuation low for a long period of time as they released the coins on the market. If this were to happen, it clearly opens the door for other coins. Yes no other coin is close, but that is because Bitcoin is so valuable, you change that price and people are being foolish if they don't think another coin could take its place.

The problem with the thesis that driving down BTC's value would enable another to take its place is that all other crypto is basically tied to BTC pricing and 99% of the trades for altcoins are done via BTC. So driving down the price of BTC would just drive down the price of all other alts to almost the same degree.

I don't think it would work at any rate. There are enough people who would start buying up the million BTC as the price dropped that I expect, after the dust settled, that BTC would still be well above $100 and probably several times that. Only if the sell-off coincided with some seriously bad news of Mt. Gox magnitude would the buyers stay away.

Satoshi may have destroyed the private keys or he is the only one having them, let's hope he doesn't lose his mind and do something stupid when he gets old

[nwfella]

I did hear a rumor somewhere that Satoshi was only 13 when he/she created bitcoin, now that he/she would be 17/18 perhaps they got their license.  We all know what happens when we first get our license now!

[makebitcoin]

He might be posting on other accounts

[Bitcoin Magazine]

Look for Satoshi in the ninth decimal place.

eleventh if u count hebrew

[Ludi]

I wonder if he's working on something that can be bigger and better than bitcoin? That would unleash a shitstorm.

[Khagan]

if i was him, of course i will be scared of government agencies too.  we're same Satoshi

[sgk]

I wonder if he's working on something that can be bigger and better than bitcoin? That would unleash a shitstorm.

Bytecoin   

[Noether]

Satoshi is part of the design of Bitcoin. It is probably a pseudonym for a decentralised group of people. That way, they remain anonymous. Even the anonymity of the creator could look like a bad thing, it has more advantages than drawbacks. That way, nobody can attack the "head of the project" to discredit it. Look what happened with wikileaks. They attacked Assange to mess with everything.

So, Bitcoin is descentralised and under pseudonym to protect it and its creator too.

[chaosPT]

What will you do if you have that much bitcoin ask your self 

[cyberpinoy]

What will you do if you have that much bitcoin ask your self 

I would get them in physical form, put them in a pool and swim in them

[Nerazzura]

Hi,
I saw the last post of satoshi in 12.12.2010
https://bitcointalk.org/index.php?topic=2228.msg29479#msg29479

Strange date for last posting.
Is he gone from this forum, or he is acting with another name? Why is he hiding at all?
The date of the last posting of him is also strange 12 12 2010 ( triple 12)
This can be related somehow to BTC..
Any suggestions of oldschool members who actually talked with him ?
Thanks!
BR
Gondel

I question whether satoshi it really exists. satoshi and whether it is a real name, and why he does not want to show up and greet bitcoin lovers. or satoshi is him or those who work in government or corporate IT?? who knows

[magnet007]

Satoshi is part of the design of Bitcoin. It is probably a pseudonym for a decentralised group of people. That way, they remain anonymous. Even the anonymity of the creator could look like a bad thing, it has more advantages than drawbacks. That way, nobody can attack the "head of the project" to discredit it. Look what happened with wikileaks. They attacked Assange to mess with everything.

So, Bitcoin is descentralised and under pseudonym to protect it and its creator too.

it seems what you say is true...

[TheTruth4]

Did Satoshi disappear because of Wikileaks?

[sgk]

Did Satoshi disappear because of Wikileaks?

It would take much weaker balls than Satoshi's to disappear because of WikiLeaks

[InwardContour]

My point is that if someone gets Satoshi's million coins then they could destroy Bitcoin valuation themselves and keep the valuation low for a long period of time as they released the coins on the market. If this were to happen, it clearly opens the door for other coins. Yes no other coin is close, but that is because Bitcoin is so valuable, you change that price and people are being foolish if they don't think another coin could take its place.

The problem with the thesis that driving down BTC's value would enable another to take its place is that all other crypto is basically tied to BTC pricing and 99% of the trades for altcoins are done via BTC. So driving down the price of BTC would just drive down the price of all other alts to almost the same degree.

I don't think it would work at any rate. There are enough people who would start buying up the million BTC as the price dropped that I expect, after the dust settled, that BTC would still be well above $100 and probably several times that. Only if the sell-off coincided with some seriously bad news of Mt. Gox magnitude would the buyers stay away.

I would argue that the value of most/all alt coins are based at least somewhat on the value of bitcoin. So if someone were to drive down the value of bitcoin, either by selling Satoshi's coins or otherwise the value of other coins would drop as well.

IMO the real reason that Satoshi left was because Bitcoin was successful enough so that it no longer needed him as well as the fact that if he were to continue to be involved in Bitcoin that the chances of him getting Doxed would be too high.

[montreal]

He (or they) is definitely still around. I'm sure they are closely following the evolution and adaption of their creation, and likely still contributing ideas/suggestions/solutions to bitcoin, in one way or another.