Bitcoin's biggest systematic/systemic risk: Satoshi's stash

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: MykelSilver on April 07, 2014, 02:13:58 AM

He could have dumped his stash when the bitcoin price was over $1100, but he didn't? Or maybe has has (sold a little) Huh

Even if it happens, that would be a huge opportunity to buy.....
Also in the stock market there are big stakeholders who have big impact. Its the risk versus award....
In the end every stock / currency could end like this (bitcoin could be one Satoshi on the Ask:

For Bitcoin this is highly unlikely because there are already to many businesses who use Bitcoin and their numbers are growing

1 BTC = 1 satoshi Wink

hehe

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

He would probably be dead if he went to public.

Skele

full member

Activity: 224

Merit: 100

VocalPlatform.com

Quote from: Kprawn on May 28, 2014, 05:23:39 AM

My question:

1. Why would the revealing of the identity of the creator of "Bitcoin" be a threat? {Criminals target super rich people every day}

2. Why would someone with the knowledge to create a crypto currency, not be able to "leak" coins from the system he/she created?

3. Why the secrecy? {Anonimity} / {Privacy} / or hidden agenda?

I cannot believe a creator will destroy his creation, for no reason.

I think satoshi its not a singlr entity thats why they belong anonimous, there would be tons of questions if they dint wanted to dissapear like they did

Este Nuno

legendary

Activity: 826

Merit: 1002

amarha

Actually I agree with you. I think people really understate how much of a spectre Satoshi's coins are over bitcoin. We've all sort of assumed that he's just going to leave his coins untouched forever. But if bitcoin is really going to compete on a global scale, how do you answer the question of what the hell would happen if Satoshi himself moved even one satoshi from his stash? Even if bitcoin's price stabilises it's always going to be the knife hanging above bitcoin's head. I'd like Satoshi to benefit from bitcoin as much as the next person, but just the idea that he could be moving a million coins is always going to be an issue.

Pepin

newbie

Activity: 57

Merit: 0

Quote from: Parazyd on June 01, 2014, 02:48:03 PM

Quote from: Unpopped on June 01, 2014, 02:38:28 PM

Maybe satoshi did die? His wallet hasnt moved for years....

It's believed that those private keys were lost.

I feel like the person or group who spent years working on Bitcoin wouldn't be as stupid as to lose all copies of a short string of numbers and letters.

ganabb

sr. member

Activity: 434

Merit: 250

Bitcoin is an open ledger system, it is quite clear to see which addresse Satoshi likely owned/owns.

standon23

newbie

Activity: 24

Merit: 0

I think he sold and caused the crash from 1100 to 500

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quote from: Unpopped on June 01, 2014, 02:38:28 PM

Maybe satoshi did die? His wallet hasnt moved for years....

It's believed that those private keys were lost.

Unpopped

newbie

Activity: 22

Merit: 0

Maybe satoshi did die? His wallet hasnt moved for years....

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Those coins are the most non-anonymous coins out there. If they were moved, everything would go batshit crazy.

Besides, you can't just dump 1M coins.

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

At this point in time i think it might be possible for the market to actually absorb his stash albeit it with a huge drop in price ($50-100).

Kprawn

legendary

Activity: 1904

Merit: 1074

My question:

1. Why would the revealing of the identity of the creator of "Bitcoin" be a threat? {Criminals target super rich people every day}

2. Why would someone with the knowledge to create a crypto currency, not be able to "leak" coins from the system he/she created?

3. Why the secrecy? {Anonimity} / {Privacy} / or hidden agenda?

I cannot believe a creator will destroy his creation, for no reason.

MykelSilver

full member

Activity: 237

Merit: 100

He could have dumped his stash when the bitcoin price was over $1100, but he didn't? Or maybe has has (sold a little) Huh

Even if it happens, that would be a huge opportunity to buy.....
Also in the stock market there are big stakeholders who have big impact. Its the risk versus award....
In the end every stock / currency could end like this (bitcoin could be one Satoshi on the Ask:

For Bitcoin this is highly unlikely because there are already to many businesses who use Bitcoin and their numbers are growing

iraszl

sr. member

Activity: 266

Merit: 257

Enthusiast

There are several highly theoretical risks in Bitcoin, but I believe the Satoshi stash is the biggest systematic risk for Bitcoin.

Please read my post and let me know your kind opinion: http://bitcoinowl.com/bitcoins-biggest-systematic-risk-satoshis-stash

Topic: Bitcoin's biggest systematic/systemic risk: Satoshi's stash (Read 2038 times)