Why would Satoshi not be dumping?

[hd060053]

Satoshi is no god or some higher tier. He is also a human and maybe when he gets older he wants to buy a nice isle with a house.

So, why should he or any other early adopters would not "dump" his coins?

All his work would be useless if he didnt dump his coins, because then he wont have anything to live...and he wont be rich.


Meanwhile i think this perma dumping is done by someone like satoshi who was an early adopter and has "unlimited" amount of coins...


In the end, bitcoin gets stronger out of it because the coins are shared between more users, but the value will go down.

[1715179808]

1715179808

[1715179808]

1715179808

[1715179808]

1715179808

[1715179808]

1715179808

[devphp]

Not all humans need an isle with a mansion, you know. But you're right about the rest, he/she/they could sell a lot.

[Wilhelm]

Satoshi is no god or some higher tier. He is also a human and maybe when he gets older he wants to buy a nice isle with a house.

So, why should he or any other early adopters would not "dump" his coins?

All his work would be useless if he didnt dump his coins, because then he wont have anything to live...and he wont be rich.


Meanwhile i think this perma dumping is done by someone like satoshi who was an early adopter and has "unlimited" amount of coins...


In the end, bitcoin gets stronger out of it because the coins are shared between more users, but the value will go down.

If satoshi dumped Bitcoin to hell his legacy would fall in ruins. He would just be one of the biggest scammers all time.

Not everyone is a materialist, some people want to be remembered and live their life in peace.

[var53]

There are limits on how much you can withdraw from any of the big exchanges. Generally there is a maximum amount allowed each year. What would Satoshi dump half a billion worth of bitcoins for if he could only withdraw a million a year from each big exchange?

[xDan]

I kind of hope that he burned the Bitcoins, discarded the wallets. It's possible he cares more about Bitcoin than personal wealth.

If he's some academic somewhere he may already be comfortable enough. (He must have had *some* funds to spend the time he did working on Bitcoin in the early days).

[600watt]

mr nakamoto



-could have been already wealthy enough before inventing bitcoin

-could be more more than one person, which broke up/having a fight

-could have lost access to priv keys

-could have destroyed priv keys

-could be a secret service project that not even the secret service knows about and already cancelled/finished/aborted

-could be dead

-could have had an accident/sick/stroke/amnesia

-could be in jail

-could have decided to live as a hermit in the taiga

-knows what panic it could cause if he starts to move the oldest coins

-and so on....


since he created bitcoin to replace the fiat banking system, why would he dump his precious coins when fiat is weakest and his coins are strongest ? he might not be thinking in terms of fiat accumulation, but in terms of revolution. revolutionaires tend to be less corrupt then average.

[NotLambchop]

mr nakamoto...

created bitcoin to replace the fiat banking system...
precious coins...
fiat is weakest
his coins are strongest...
revolution...
revolutionaires tend to be less corrupt then average.

How about you leave some kool aid for the rest of the kids?

[hd060053]

mr nakamoto



-could have been already wealthy enough before inventing bitcoin

-could be more more than one person, which broke up/having a fight

-could have lost access to priv keys

-could have destroyed priv keys

-could be a secret service project that not even the secret service knows about and already cancelled/finished/aborted

-could be dead

-could have had an accident/sick/stroke/amnesia

-could be in jail

-could have decided to live as a hermit in the taiga

-knows what panic it could cause if he starts to move the oldest coins

-and so on....


since he created bitcoin to replace the fiat banking system, why would he dump his precious coins when fiat is weakest and his coins are strongest ? he might not be thinking in terms of fiat accumulation, but in terms of revolution. revolutionaires tend to be less corrupt then average.

all of that could be true.

but for 80% (my opinion) nothing of this is true and he is a normal (unknown) person, who still has access to his coins.

[mmortal03]

Could it not reveal his identity if he sold them to someone or at some exchange?

[piramida]

All his work would be useless if he didnt dump his coins, because then he wont have anything to live...and he wont be rich.

Here's your proof: Being rich is an idiot's end-game. Only people with empty brains dream of that. Satoshi is not an idiot, I am sure he already knows what really is valuable.

[600watt]

mr nakamoto...

created bitcoin to replace the fiat banking system...
precious coins...
fiat is weakest
his coins are strongest...
revolution...
revolutionaires tend to be less corrupt then average.

How about you leave some kool aid for the rest of the kids?

i put you off ignore for this single occasion.

i know i drank the bitcoin kool aid. guess what: that is why i am here.

how do you explain your unwelcome, stinky, non-edjucating, non-enlighting, no-good-whatsoever, fucking annoying, never slowing down, fishy, retarded, boring, un-needed appearance postings here ?

*deleted insult*

back to ignore

edit: insulting individuals is not ok. i apologize to you.

[NotLambchop]

mr nakamoto...

created bitcoin to replace the fiat banking system...
precious coins...
fiat is weakest
his coins are strongest...
revolution...
revolutionaires tend to be less corrupt then average.

How about you leave some kool aid for the rest of the kids?

i put you off ignore for this single occasion.

i know i drank the bitcoin kool aid. guess what: that is why i am here.

how do you explain your unwelcome, stinky, non-edjucating, non-enlighting, no-good-whatsoever, fucking annoying, never slowing down, fishy, retarded, boring, un-needed appearance here ?

fuck you from the deepest heart, arsehole

back to ignore

Since I'm back on ignore, I can only assume your question was rhetorical.

[var53]

All his work would be useless if he didnt dump his coins, because then he wont have anything to live...and he wont be rich.

Here's your proof: Being rich is an idiot's end-game. Only people with empty brains dream of that. Satoshi is not an idiot, I am sure he already knows what really is valuable.

+1

Anybody with half a billion probably starts worrying about their family being kidnapped. They would probably end out surrounded by bodyguards at all times. I have read stories by billionaires stating it's not a pleasant experience because of security fears. 

[saddampbuh]

why dump and destroy his own creation when he can sell a few at a time and have a decent quality of life

[temen]

As what comes to Satoshi's identity

Somehow I believe that he might be individual who wanted to change the world (and already succeeded in doing so, future will make the judgement on this). I know couple of these kinds of guys and what is remarkable of them is that their principles cant be bought with money.

Other possibility which makes perfect sense is that the debt of USA is so big that I think they will do everything to wiggle out of the situation. Every born american is bonded with over 100 000 dollars of debt. Its their birth right (or weight) at the moment. And situation is just worsening. If I recall average state-loan for average family is something like 500.00 dollars! It's just sick.

If somehow the largest bagholder would be USA and their current debt is in dollars, they would just need to make sure that bitcoin (or some other crypto currency) is to succeed in future and voila, things look wholly different.

Only way to them to repay their debts is to crash the whole dollar system and invaluate the dollar and THEN make the payment.  In the meantime dollar should be replaced of course with other currency and here bitcoin comes handy. Basicly they need to do nothing, just push little behind the curtain and it happens all by itself! And at the same time they could blame it on everybody else but them=)

And when somebody has the biggest bag in bitcoin ecosystem he rules the world !

These auctions they are doing might just be theatrical while at the same time accumulating/holding in the background.

What saddens me is that I have started to think the latter option is more reasonable  

Whoa, I think I just exceeded myself in the reasoning XD

[piramida]

Only way to them to repay their debts is to crash the whole dollar system and invaluate the dollar and THEN make the payment.

Yeah, come 2020, US to China: "we owe you three hundred trillion dollars. But that would be hard for us to transport so here's your 3 bitcoins. Thanks btw!"

[freedomno1]

Someone with the ability and knowledge to create Bitcoin
Is likely already rich, so they don't need to sacrifice their anonymity for some more cash
(That said if Satoshi ever secretly released a book on the internet I would get it ^_^)

Either that or he is saving it for the day when he needs it to take over the world after we do all the foundation work for him 

[seleme]

If he is individual, he probably mined much more coins then those million we know and is very rich anyway.

[Sutters Mill]

- Maybe he will dump them and he's just waiting to become a trillionaire?
- maybe he's dead
- maybe he's just a top bloke and doesn't think it's fair to spend them?
- Maybe he sees the potential like most of us and can do more good with them in the future.

Who knows, only time will tell.

[BitBlitz]

I think Satoshi's HDD crashed and he said, "F-it, I'm done with this!"