Pages:
Author

Topic: BCH, accessing them with bitcoin keys? - page 2. (Read 250 times)

legendary
Activity: 2702
Merit: 4002
We do not know the truth about the reason for Satoshi’s disappearance. Perhaps he was involved in an accident or something, especially since he did not indicate that he wanted to leave, but I do not agree with the part that bitcoin was never meant to be something that was built for profit.
Satoshi explained in one of the quotes

Quote
“I'm sure that in 20 years there will either be very large transaction volume or no volume.”
legendary
Activity: 2506
Merit: 1394
(...)

I don't think Satoshi would do that transferring BCH without moving the BTC from your wallet just to redeem BCH might compromise his private keys So I think Satoshi won't do that unless he transfers all the BTC from that wallet to a new wallet.
Well said, in short, if Satoshi still exists and still has access to the wallets, it will fall here because even though Satoshi is able to do all the things we said, he/she still can't do the first step where the access on the wallet just to prove he/she is really the owner of it.
legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
If Satoshi moves his BTC from that wallet I don't think we will see some changes in the market. I think it depends on where he sends it if it is just sent from wallet to wallet it might not have any impact on the price but if it is sent from his wallet to exchanges I'm sure most of us will react immediately because it could be a signal of the bearish season.

I don't think Satoshi would do that transferring BCH without moving the BTC from your wallet just to redeem BCH might compromise his private keys So I think Satoshi won't do that unless he transfers all the BTC from that wallet to a new wallet.
hero member
Activity: 3080
Merit: 603
I was listening to Mr.  Saylor explain as to why it's important for the founder of bitcoin not to move coins.  It shows that bitcoin was never meant to be something that was built for profit.  However true this is, if coins are moved what are the implications? 
The market will dip temporarily because everyone will be in panic but later on, there goes the recovery.

And if one person holds coins in bitcoin before 2017 doesn't the same person hold coins in BCH?  Why would Satoshi want to move coins if he could just move BCH?  Asking for a friend.
It's because nobody knows if satoshi is already gone or still alive and kicking.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
Worrying about bch is definitely not a good thing, this altcoin brought a lot of problems to bitcoin in the past when bch promoters kept calling this altcoin a real bitcoin because in their minds this altcoin was in line with what satoshi wrote. I see how BCH supporters thought bad, they were so crazy that they were even saying nonsense. and after many years, they still continue with their madness, and see that bitcoin was even ETF approved while altcoin cash was not and in my opinion not even if many years pass it will not be approved. so if you want to invest in altcoin cash Bch then just be careful with this altcoin, regarding the questions you asked, they already answered you
hero member
Activity: 868
Merit: 952
I was listening to Mr.  Saylor explain as to why it's important for the founder of bitcoin not to move coins.  It shows that bitcoin was never meant to be something that was built for profit.  However true this is, if coins are moved what are the implications?  And if one person holds coins in bitcoin before 2017 doesn't the same person hold coins in BCH?  Why would Satoshi want to move coins if he could just move BCH?  Asking for a friend.

You should have provided a link to the video so that one can actually listen and know what he was saying. But one thing I know is if a large amount of bitcoin is moved from a dormant address not necessarily by Satoshi himself then it will cause FOMO or let me say FUD as many will think it’s for sell. One thing I know is Michael Saylor is a big bitcoin enthusiast and he always talks about bitcoin been hold for a very long term and not been sold but that doesn’t mean you shouldn’t sell when you need to sell, just make sure it’s in profit.

Also bitcoin wasn’t built for just profit it was introduced by the founder as an alternative currency to the fiat currency but since it’s has an advantage of not been affected by inflation people see it as an asset that can grow and the hold for profits but the main reason for bitcoin creation was to be a currency.

BCH was a bitcoin hard fork that happened in 2017 so anyone that had bitcoin before the fork happened also got distributed the BCH equivalent of the same number of bitcoin
legendary
Activity: 2338
Merit: 1261
Heisenberg
However true this is, if coins are moved what are the implications? 
The market would obviously react to that but long term, things would just be fine.


Quote
And if one person holds coins in bitcoin before 2017 doesn't the same person hold coins in BCH? 
Yes, if they never moved those coins out of the wallet before the forking event.

Quote
Why would Satoshi want to move coins if he could just move BCH?  Asking for a friend.
Ummm, because BCH is not Bitcoin?

Why would the Satoshi move a coin whose founder tried so hard to fight against Bitcoin?
legendary
Activity: 2184
Merit: 1302
It shows that bitcoin was never meant to be something that was built for profit.  However true this is, if coins are moved what are the implications?
I don't think Satoshi is ever going to move their coins, and even if Satoshi does move coins, it would not change people's idea of what bitcoin is to them or what they want to use it for. That being said, there would be implications on the price of bitcoin if Satoshi's coins move, there would be a lot of uncertainties surrounding why Satoshi moved their coins and it will make many people sell off and the price will fall.
And if one person holds coins in bitcoin before 2017 doesn't the same person hold coins in BCH?
Yes, if you join the new chain and claim the forked coins.
newbie
Activity: 19
Merit: 0
I was listening to Mr.  Saylor explain as to why it's important for the founder of bitcoin not to move coins.  It shows that bitcoin was never meant to be something that was built for profit.  However true this is, if coins are moved what are the implications?  And if one person holds coins in bitcoin before 2017 doesn't the same person hold coins in BCH?  Why would Satoshi want to move coins if he could just move BCH?  Asking for a friend.
Pages:
Jump to: