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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 9360 times)
MakeBelieve
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August 11, 2014, 10:20:40 AM
 #141

I hope he never touches them it would cause panic and could potentially ruin Bitcoin people would wonder why it was moved.

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Silly Money
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August 11, 2014, 10:22:31 AM
 #142

I hope he never touches them it would cause panic and could potentially ruin Bitcoin people would wonder why it was moved.

It would be fun watching people panic though  Grin

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August 11, 2014, 10:24:16 AM
 #143

I hope he never touches them it would cause panic and could potentially ruin Bitcoin people would wonder why it was moved.

It would be fun watching people panic though  Grin

Could be bad for Bitcoin though everyone might panic and think he knows somethings wrong so hes getting out whilst he can still profit meaning hundreds of people would probably panic sell and the value of Bitcoin would slump.

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August 11, 2014, 10:26:24 AM
 #144

I'm sure it would be bad for bitcoin as you know what panic sellers are like.

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August 12, 2014, 04:45:14 AM
 #145

According to what I know about Satoshi I think, his Bitcoins are just considered Test-Coins.
Satoshi is the kind of guy, who makes his tests in the productive system and then just destroys the data after the test is complete.
It is very rare for someone to destroy data like this after a test is complete. Scientists and researchers usually do not know if some data is going to be important in the future so they are very likely to keep it archived somehow.
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August 12, 2014, 07:35:59 AM
 #146

No.
Satoshi never spent his bitcoins in the past.
Why would he bother spending them now?

Ofc he can reap in all the rewards, but he doesn't want to do anything anymore with BTC.
Or does he?   Shocked
How would he reap the rewards if he does not spend any of his BTC? He would not have any other way to profit from BTC without actually selling/spending his BTC.
I meant he could take the btc as he pleases. Not what you said. Lol

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August 12, 2014, 11:30:12 AM
 #147

I hope he never touches them it would cause panic and could potentially ruin Bitcoin people would wonder why it was moved.

I doubt people would panic if he spends 50 or 100 coins to cover some expenses.

Sure if he moves 500k around then that's a different story.
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August 12, 2014, 01:18:26 PM
 #148

Sorry for noob question but how do you know his address? Can you show it to me? How many bitcoins he has?
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August 12, 2014, 01:55:13 PM
 #149

What I think would be phenomenal is if he split up a majority of his BTC into 0.1s and other small amounts, and send 0.00000001 BTC transactions with 0.1 fee or 0.25 fee to introduce the BTC back into the ecosystem

if he did that recently then miners would be more profitable too for a small amount of time

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August 12, 2014, 01:58:29 PM
 #150

unless he eats air I think so
he may have a high quantity to spend in so many different things
Bitcoins101
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August 12, 2014, 02:00:32 PM
 #151

When that Dorian guy was accused of being Satoshi, apparently the reral satoshi logged on to a website via his old handle and said it wasn't Dorian. Was that ever confirmed as real or was it fake, or could nobody be sure?


Someone logged into that account, but nobody really knows who and there is no way to know.

I think Satoshi likely mined many coins that we do not know about. I think he has already sold many of those and won't be touching the coins that we know are his for at least a few years.

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August 12, 2014, 11:32:05 PM
 #152

When that Dorian guy was accused of being Satoshi, apparently the reral satoshi logged on to a website via his old handle and said it wasn't Dorian. Was that ever confirmed as real or was it fake, or could nobody be sure?
It was defiantly an account that was controlled by satoshi prior to bitcointalk.org coming into existence. In theory it could have been hacked but I would find it very unlikely that the account gets hacked the day newsweek goes with their story. Even more unlikely that it would be hacked and not used until then.

I think it would have been pretty cool to see Satoshi donate some of his bitcoin to the fund that was going to newsweek's satoshi.
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August 12, 2014, 11:52:09 PM
 #153

Imagine if he splits all of his bitcoins evenly into everyone on this forum's bitcoin address if they filled it in.
That would be awesome but it would probably crash the price.
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August 13, 2014, 12:52:21 AM
 #154

Imagine if he splits all of his bitcoins evenly into everyone on this forum's bitcoin address if they filled it in.
That would be awesome but it would probably crash the price.

Well, no need for imagining that because it will never happen. Although it would be so f*cking cool Cheesy
Mobius
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August 13, 2014, 04:39:15 AM
 #155

Imagine if he splits all of his bitcoins evenly into everyone on this forum's bitcoin address if they filled it in.
That would be awesome but it would probably crash the price.

Well, no need for imagining that because it will never happen. Although it would be so f*cking cool Cheesy
I really don't see why he would do that either. There are many users of bitcoin that have never even heard of this forum, and a lot of users do not have a BTC address on their profile. If he were to give away his BTC then it would be much more likely that it would be to a good cause that he supports (the coins would likely be given over time).
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August 13, 2014, 04:48:30 AM
 #156

he could wait til it's near universally accepted then donate 1000btc per day to a good charity for three years.

or give a few hundred million $ to people like federico pistono who are trying their best to change the world and bring about real lasting improvements to society


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Kayex
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August 13, 2014, 05:55:14 AM
 #157

When that Dorian guy was accused of being Satoshi, apparently the reral satoshi logged on to a website via his old handle and said it wasn't Dorian. Was that ever confirmed as real or was it fake, or could nobody be sure?
It was defiantly an account that was controlled by satoshi prior to bitcointalk.org coming into existence. In theory it could have been hacked but I would find it very unlikely that the account gets hacked the day newsweek goes with their story. Even more unlikely that it would be hacked and not used until then.

I think it would have been pretty cool to see Satoshi donate some of his bitcoin to the fund that was going to newsweek's satoshi.
It would be nice to see Satoshi donate his bitcoins to a charity that accepts them.
Or some other foundation. But it's all up to Satoshi. I think he'll spend them on himself when he really needs it.
But then we can all track down where it goes because of the wallet? o-o

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August 13, 2014, 06:16:31 AM
 #158

I think he will spend it .  Roll Eyes
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August 13, 2014, 06:31:02 AM
 #159

When that Dorian guy was accused of being Satoshi, apparently the reral satoshi logged on to a website via his old handle and said it wasn't Dorian. Was that ever confirmed as real or was it fake, or could nobody be sure?
It was defiantly an account that was controlled by satoshi prior to bitcointalk.org coming into existence. In theory it could have been hacked but I would find it very unlikely that the account gets hacked the day newsweek goes with their story. Even more unlikely that it would be hacked and not used until then.

I think it would have been pretty cool to see Satoshi donate some of his bitcoin to the fund that was going to newsweek's satoshi.
It would be nice to see Satoshi donate his bitcoins to a charity that accepts them.
Or some other foundation. But it's all up to Satoshi. I think he'll spend them on himself when he really needs it.
But then we can all track down where it goes because of the wallet? o-o
I think that he will almost certainly spend his coins in small amounts if he does spend them on his own expenses. It would also be likely that he use mixing services so that his identity will be kept private.
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August 13, 2014, 06:33:23 AM
 #160

My "NO" was a tie braker lol! Didn't see that coming  Grin
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