Why would Satoshi not be dumping?

[labsbitforum]

Satoshi = NSA

or

Satoshi = Federal Reserve

Yeah yeah yeah, I know...it's a conspiracy theory. Conspiracy theories are always wrong.

Wait, no...no they aren't.

Dismissing this possibility doesn't make you smart. I don't care what your peer group says and how much they mock you. Sometimes crazy accusations turn out to have quite a bit of merit.

I personally would love it if Bitcoin was an NSA thing. Why? Because that would pretty much ensure its success.

Now call me an idiot...because you know more than me with your open mindedness.

I'm also of the opinion that Bitcoin is likely the product of some western governmental agency or group.  Either as a hedge to fiat collapse or to destabilize authoritarian regimes by giving the general population in them a method to send and receive money outside of their local governments control.  So many countries have printed way too much money and its hard to envision anything other than collapse(Exodus to digital currency) happening at some point in the future.  So far you see a trend of Russia and China "banning" it.
If you read through all his posts he uses UK English at times but its just a smattering.  Someone did a plot of all the timestamps of his posts that pointed toward UTC -05:00 or UTC -06:00 (North American Eastern or Central Time Zones).  He is highly intelligent and his posts are clearly from someone well educated in the US/EU.  My Guess is an American that studied abroad some or a European that emigrated to the US and has been in the US for a long time.  I think its likely that the person posting was a single individual but was working with a group to produce bitcoin with a bigger picture goal than just "sticking it do da man" (banks/governments in this case).

His Writings http://satoshi.nakamotoinstitute.org/
Wikipedia http://en.wikipedia.org/wiki/Satoshi_Nakamoto

[redsn0w]

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.

I think he "doesn't like"  to be rich , he is only happy to have created a new revolutionary currency  ( And this is  a really great thing).

[Mr Tea]

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

Maybe that happened and he topped himself?

I think he "doesn't like"  to be rich , he is only happy to have created a new revolutionary currency  ( And this is  a really great thing).

I would certainly like to think that. It does make you wonder if this is the case seeing as he hasn't spent them... yet.

[AltcoinInvestor]

I think satoshi has alzheimer and he has forgotten what he has

[erre]

He lost the keys.

[pajak666]

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.

best post so far

[Coinshot]

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

I read about this British guy whose HDD was discarded and when Bitcoin boomed he figured it was in a landfill. He got quotes of what it would take to dig the whole site and then gave up.

[1Referee]

People assume satoshi has a huge load of Bitcoins, but he wasn't the only one mining in the very early months of Bitcoin.

A lot coins have been moved since 2011 so he might actually have sold some. (2011 Bitcoin started to gain some value)

And still there are so many "sleeping" Bitcoins right now, that haven't been touched in year, the owner knows that it's better to keep them untouched.

[coinableS]

I believe Satoshi was an individual who is now deceased. It doesn't make sense to me why he doesn't post anymore. Some indicate it is so he isn't tracked down, but then why did he post before? With his knowledge he could easily find a way online without being traced.

[var53]

I believe Satoshi was an individual who is now deceased. It doesn't make sense to me why he doesn't post anymore. Some indicate it is so he isn't tracked down, but then why did he post before? With his knowledge he could easily find a way online without being traced.

Would you feel safe if you had half a billion dollars worth of bitcoins on a pen drive in your pocket? It would be bad enough if almost nobody else knew about it except perhaps your family. In Satoshi's shoes I would not want to take the slightest chance that the whole world could find out my identity by posting here.

[NotLambchop]

^Does being Bitcoin-rich mean hiding out for the rest of your life?
Why is it that fiat billionaires are not worried about disclosing their identities?

[coinableS]

Would you feel safe if you had half a billion dollars worth of bitcoins on a pen drive in your pocket? It would be bad enough if almost nobody else knew about it except perhaps your family. In Satoshi's shoes I would not want to take the slightest chance that the whole world could find out my identity by posting here.

No I wouldn't, but I'm not an expert in cryptography or online anonymity. I'm not trying to convince anyone, that's just what I think, is that he passed away.

[2dogs]

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.

Why should he/she/they dump?
It's not about the money.

[DrBitcoin]

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.

Technically speaking can you have a legacy if you are anonymous?

[rugrats]

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.

Man, I wish someone would write an espionage-thriller novel about Satoshi.
The potential plot elements are all there - genius on the run, conspiracy, shadowy elite, hidden fortune, assassination, NSA - only thing missing is a leggy blonde.

I know couple of these kinds of guys and what is remarkable of them is that their principles cant be bought with money.

I know of one too. For some, principles are everything.

[bitcoinmasterlord]

Insider info:
Satoshi still owns every single one of his coins

[btcxyzzz]

Satoshi's job is not over. Here's how he should spend his fortune! Come on Satoshi!

[Buffer Overflow]

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.

How do you know he isn't old now?

[BTC_Hodler]

Perhaps he died? Or he wants to hold till his coins are worth trillions of $.

[Wilhelm]

Maybe he was Richard Bransons test pilot