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Question: Do you think Satoshi will ever spend his bitcoins?
Yes
No

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Author Topic: Do you think Satoshi will ever spend his bitcoins?  (Read 9359 times)
e1ghtSpace (OP)
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July 27, 2014, 06:56:50 AM
Last edit: July 27, 2014, 10:31:37 AM by e1ghtSpace
 #1

So, do you think Satoshi will ever spend his bitcoins?
You can only answer with Yes or No on the poll. Got it?

This is going to be very interesting to see the results.
The reason there isn't a "maybe" is so that we can get a definite answer.
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beetcoin
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July 27, 2014, 07:19:12 AM
 #2

i don't really know. i just hope satoshi isn't a greedy guy and doesn't care about the money.. and decided to see what his donating money for certain causes would or could change the world.
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July 27, 2014, 07:29:56 AM
 #3

i don't really know. i just hope satoshi isn't a greedy guy and doesn't care about the money.. and decided to see what his donating money for certain causes would or could change the world.

He has already started to shape the future of the financial world
BtcGains
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July 27, 2014, 08:27:31 AM
 #4

It will cause a lot of controversy that's for sure. He's already in hiding since it's so big...
By selling his coins he basically throws away all of the credit for his work as it simply says that he would rather a fiat currency.
Do you mean exchange or spend as in send his bitcoins to other addresses
AliceWonder
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July 27, 2014, 09:11:09 AM
 #5

I don't think he is going to use them. The system is not anonymous enough and he has too many to use a mixer effectively.

Maybe if Tor wasn't under suspicion of being compromised he could use his coins to run an anonymous mixer (coins come in, get mixed around with his) providing him with some anonymity but that also would draw legal attention for laundering.

I think it will be his next of kin that ultimately benefit.

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
BtcGains
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July 27, 2014, 09:38:10 AM
 #6

I don't think he is going to use them. The system is not anonymous enough and he has too many to use a mixer effectively.

Maybe if Tor wasn't under suspicion of being compromised he could use his coins to run an anonymous mixer (coins come in, get mixed around with his) providing him with some anonymity but that also would draw legal attention for laundering.

I think it will be his next of kin that ultimately benefit.

He's got unlimited funding basically for new projects... I think he's thinking up new ideas for his money rather than planning on reaping the rewards.
Satoshi is a creator, he dreamed up bitcoin and went ahead and created it. It's only a matter of time before he releases something new whether it be a success or failure. Who knows maybe he's already behind big projects but under new alias'
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July 27, 2014, 09:47:47 AM
 #7

So, do you think Satoshi will ever spend his bitcoins?
You can only answer with Yes or No. Got it?

This is going to be very interesting to see the results.
The reason there isn't a "maybe" is so that we can get a definite answer.

No
LiteCoinGuy
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July 27, 2014, 09:52:09 AM
 #8

i think he will never do this because he would hurt his own invention. maybe he destroyed the keys of the early mined btc.

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July 27, 2014, 09:56:40 AM
 #9

So, do you think Satoshi will ever spend his bitcoins?
You can only answer with Yes or No. Got it?

This is going to be very interesting to see the results.
The reason there isn't a "maybe" is so that we can get a definite answer.

No

Yes
e1ghtSpace (OP)
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July 27, 2014, 10:30:04 AM
 #10

So, do you think Satoshi will ever spend his bitcoins?
You can only answer with Yes or No. Got it?

This is going to be very interesting to see the results.
The reason there isn't a "maybe" is so that we can get a definite answer.

No

Yes
Are you agreeing with him or what? Smiley

Edit: I was just highlighting the fact that there wasn't a maybe.
Edit 2: Fine, I'll change it.
falllling
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July 27, 2014, 04:16:34 PM
 #11

Satoshi cashing out some Bitcoins!!!

Quote
http://www.reddit.com/r/Bitcoin/comments/2bu43g/who_mined_the_bitcoin_blocks_in_the_first_three/
https://bitcointalk.org/index.php?topic=712502.0

The only people I know for sure mining a significant number of bitcoins blocks in the first three weeks were Satoshi and Hal Finney. Is it common knowledge by now that we know who the first early miners were?
I ask because someone who mined blocks between January 29 and February 7, 2009 has been cashing them out over the past nine months. I'm curious how large the list of likely suspects is.
** EDIT ** I have an article pending on 'Let's Talk Bitcoin' which includes all of the raw data. However, here is just one example of what I'm referring to.
https://blockchain.info/address/15coobWGLz5rTPPLwMqDrC848g5rSqgXX1
https://blockchain.info/address/1CgrbzKje66Pcz1egaAnhr7qEGfdk9atS2
https://blockchain.info/address/1KiCeqdXxzTYeq1dDUi6B1265cqFwsihzm
https://blockchain.info/address/14pDPbeBCCn4CoNKc7YZJnJSWnqfoxf1XF
Mined January 30, 2009 then February 4, 2009, then February 6, 2009, then February 7, 2009.
For those who do not know, the very first bitcoin block ever was mined on January 3, 2009
https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f
The second one wasn't mined until 6 days later on January 9, 2009:
https://blockchain.info/block/00000000839a8e6886ab5951d76f411475428afc90947ee320161bbf18eb6048
So, any blocks from January 30th are absurdly early in this history of the blockchain and only a handful of people could be responsible for this!
These begin with block #2400!!
All spent/transferred within minutes on February 6, 2014!!!!!!!!!!!!!!!!!!!
And these aren't the only very, very, very, early bitcoin blocks which have been redeemed. There have been a series of them, which is included in the data when the article gets published.


So now we know that the million Bitcoin is not lost and the guy still have control of the wallet, the next thing we need to know is if he will be selling some of that million and how, when and to where otherwise to whom (we might know who is satoshi at the end). 

i guess he saw the end of bitcoin bubble is very close now, last chance to sell better than nothing
Bit_Happy
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July 27, 2014, 04:19:25 PM
 #12

...
This is going to be very interesting to see the results.
The reason there isn't a "maybe" is so that we can get a definite answer.

Maybe  Tongue

InwardContour
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July 27, 2014, 06:53:56 PM
 #13

In my opinion, if Satoshi is still alive, he will wait to spend bitcoins untill the adoption will be complete,
there's no reason to spend them if they are increasing in value every year with this ratio.
Baitty
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July 27, 2014, 06:57:56 PM
 #14

I would expect a lot of people to panic if those coins were moved what do you think? I think it shows that he's moving them for a purpose and then there will be a lot of speculation that he was planning this all a long so he could profit from Bitcoin.

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joshraban76
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July 27, 2014, 07:05:29 PM
 #15

I think at some point those coins will move. I can't see sitting on that much potential wealth and never moving it. I think if and when they do move it would cause a bit of a panic. If they never move then the owner is a better man then I.

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zhinkk
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July 27, 2014, 07:07:38 PM
 #16

At some point, those coins will be spent/moved. But I don't think that will be for a long long time.
Baitty
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July 27, 2014, 07:08:00 PM
 #17

I think at some point those coins will move. I can't see sitting on that much potential wealth and never moving it. I think if and when they do move it would cause a bit of a panic. If they never move then the owner is a better man then I.

I think it would be incredible if they never move it really shows that satoshi actually cared about the project and removes the possibility of people calling it out as a scam for the creator to earn a quick buck.

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tinof
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July 27, 2014, 07:08:11 PM
 #18

I think at some point those coins will move. I can't see sitting on that much potential wealth and never moving it. I think if and when they do move it would cause a bit of a panic. If they never move then the owner is a better man then I.


Back in the old days, those coins are pretty worthless and most people probably don't even care if they lose it all. The owners of most of the top wallets with no activity probably already lose the private key.

Daniel91
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July 27, 2014, 07:08:20 PM
 #19

Satoshi cashing out some Bitcoins!!!

Quote
http://www.reddit.com/r/Bitcoin/comments/2bu43g/who_mined_the_bitcoin_blocks_in_the_first_three/
https://bitcointalk.org/index.php?topic=712502.0

The only people I know for sure mining a significant number of bitcoins blocks in the first three weeks were Satoshi and Hal Finney. Is it common knowledge by now that we know who the first early miners were?
I ask because someone who mined blocks between January 29 and February 7, 2009 has been cashing them out over the past nine months. I'm curious how large the list of likely suspects is.
** EDIT ** I have an article pending on 'Let's Talk Bitcoin' which includes all of the raw data. However, here is just one example of what I'm referring to.
https://blockchain.info/address/15coobWGLz5rTPPLwMqDrC848g5rSqgXX1
https://blockchain.info/address/1CgrbzKje66Pcz1egaAnhr7qEGfdk9atS2
https://blockchain.info/address/1KiCeqdXxzTYeq1dDUi6B1265cqFwsihzm
https://blockchain.info/address/14pDPbeBCCn4CoNKc7YZJnJSWnqfoxf1XF
Mined January 30, 2009 then February 4, 2009, then February 6, 2009, then February 7, 2009.
For those who do not know, the very first bitcoin block ever was mined on January 3, 2009
https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f
The second one wasn't mined until 6 days later on January 9, 2009:
https://blockchain.info/block/00000000839a8e6886ab5951d76f411475428afc90947ee320161bbf18eb6048
So, any blocks from January 30th are absurdly early in this history of the blockchain and only a handful of people could be responsible for this!
These begin with block #2400!!
All spent/transferred within minutes on February 6, 2014!!!!!!!!!!!!!!!!!!!
And these aren't the only very, very, very, early bitcoin blocks which have been redeemed. There have been a series of them, which is included in the data when the article gets published.


So now we know that the million Bitcoin is not lost and the guy still have control of the wallet, the next thing we need to know is if he will be selling some of that million and how, when and to where otherwise to whom (we might know who is satoshi at the end). 

i guess he saw the end of bitcoin bubble is very close now, last chance to sell better than nothing

Well, this is really very interesting info, thank you for sharing.
I hope that this is not sight that Satoshi think that now is time to sell Bitcoin and maybe create something new.
If this info is 100 % correct than answer to the topic question is yes.

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beetcoin
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July 27, 2014, 07:09:29 PM
 #20

I don't think he is going to use them. The system is not anonymous enough and he has too many to use a mixer effectively.

Maybe if Tor wasn't under suspicion of being compromised he could use his coins to run an anonymous mixer (coins come in, get mixed around with his) providing him with some anonymity but that also would draw legal attention for laundering.

I think it will be his next of kin that ultimately benefit.

it's not like he has to mix them all. he can just cash out a million or two. but i don't know if it's going to happen either way. safest way to go about is maybe donate the coins to a charitable organization.. he can't be caught doing that.
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