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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 9071 times)
seriouscoin
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July 27, 2014, 07:10:19 PM
 #21

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.

Read falling's post history and you will see.
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2Pac
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July 27, 2014, 07:22:42 PM
 #22

Yes, of course he will spend at some time.

I hope he won't though.
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July 27, 2014, 07:51:02 PM
 #23

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.

Read falling's post history and you will see.


Yes "seriouscoin" this attempt at FUD was really lame since the "news" is from Feb.
Is "falllling" failing at whatever he/she is trying to do?

FYI: We are <snip>
Baitty
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July 27, 2014, 07:52:57 PM
 #24

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

Really bad attempt at spreading FUD looks like you spent a lot of time doing that too..

Currently held as collateral by monbux
AliceWonder
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July 27, 2014, 08:44:37 PM
 #25

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.

Cashing out some has too much chance of a DoX resulting in criminal targeting. e.g. someone kidnaps a niece for bitcoin ransom.

Remember that if he is in the US any sizeable withdrawal requires reporting to government by whatever exchange is used.

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
RedhatCAT
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July 27, 2014, 08:46:39 PM
 #26

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.

Cashing out some has too much chance of a DoX resulting in criminal targeting. e.g. someone kidnaps a niece for bitcoin ransom.

Remember that if he is in the US any sizeable withdrawal requires reporting to government by whatever exchange is used.
he could put his bitcoins through a mixer (or several) and do so in small enough amounts that it would be difficult to trace the new bitcoin to him being "satochi"
falllling
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July 28, 2014, 04:36:11 AM
 #27

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

Really bad attempt at spreading FUD looks like you spent a lot of time doing that too..

i can not crack bitcoin block chain and use satoshi's coins to make this FUD, can i?
falllling
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July 28, 2014, 04:38:31 AM
 #28

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.

Read falling's post history and you will see.


Yes "seriouscoin" this attempt at FUD was really lame since the "news" is from Feb.
Is "falllling" failing at whatever he/she is trying to do?


i can not crack bitcoin block chain and use satoshi's coins to make this FUD, can i? stop fooling yourself, sell or nothing
falllling
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July 28, 2014, 04:39:03 AM
 #29

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.

Read falling's post history and you will see.


stop fooling yourself and others
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July 28, 2014, 09:01:15 PM
 #30

He has been spending his coins:

Example:
https://blockchain.info/block-index/15956
https://blockchain.info/address/1B9zyacRvnw5CL6NBd3HN484eDNsQqFNyV

These ended up going to Hal Finney:

https://blockchain.info/address/157i5gK7iN4bNAN39Ahuoiq6Tx5TaQukTE
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July 28, 2014, 10:14:59 PM
 #31

Im pretty certain he uses them. If I was a super anonymous figure that had to remain anonymous for security reasons I would avoid banks and fiat as much as possible, he probably has enough Bitcoins to never need to work again so why not buy anonymous thanks to them.

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July 28, 2014, 11:46:01 PM
 #32

he will dump them all on bitstamp  Cheesy

stacking coin
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July 29, 2014, 12:54:47 AM
 #33


I don't get it, you just linked to random transactions. How can you link these to satoshi?
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July 29, 2014, 02:06:48 AM
 #34

This is just another speculation thread. No one will know if he will spend or not, not even he himself knows if he is going to spend his btc (assuming he still has the keys to them).

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July 29, 2014, 02:19:39 AM
 #35

Yes, but he he/she/they will be spending them on goods or services, not fiat.

We work hard to promote Bitcoin adoption and the decentralization of society. You can support our efforts by donating BTC to 35wDNxFhDB6Ss8fgijUUpn2Yx6sggDgGqS
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July 29, 2014, 02:40:20 AM
 #36

They are Satoshis Bitcoins so he is free to use them as he wished.
Whether he will ever use them is a mystery but I think he deserves a reward for his work and so if he ever did claim some that would be great
The question is how Satoshi would be able to do it while keeping his anonymity
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July 29, 2014, 02:42:46 AM
 #37

I think when BTC is worth a bit more he may start to hand it out to exchanges, charities, and other businesses, just to fuel bitcoin even more. He doesn't seem like a very greedy guy.

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July 30, 2014, 02:26:41 PM
 #38

Maybe one day, for all we know he could slowly be cashing it out from different wallets into bank accounts not in his name and across the world. Maybe if bitcoin becomes main stream and most places accept BTC he might just live off BTC rather than cashing it out, who knows!

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July 30, 2014, 02:40:26 PM
 #39

No.

I've said it before, and I'll say it again, his BTC stash is worth 600 million. At this point, it should be clear to anyone with sense, that if Satoshi wanted/needed the money, he would've started spending it by now.

Bitcoin was a gift to the world.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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July 30, 2014, 03:00:50 PM
 #40

Bitcoin might be/have been a huge gift for the NSA/CIA and we have no way to tell for certain what the truth is.

FYI: We are <snip>
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