Do you think Satoshi will ever spend his bitcoins? - page 5.

remotemass

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Quote from: Rampton on August 11, 2014, 02:31:11 AM

Quote from: remotemass on August 11, 2014, 02:29:10 AM

I don't think Satoshi will ever convert his coins to fiat.
He will probably use them to pay autonomous agents for big changes.

What kind of agents and big changes? Sounds ominous.

I'm not good in giving examples but let me try.
You see, autonomous agents with Artificial Intelligence will be making most of the important decisions in our world.
So, just to give an example, imagine an autonomous agent that can decide the type of questions lie detectors at airports will be making people. They could decide the percentage of questions that would be looking for:
A - Terrorists
B - Sex abusers
C - Drug dealers
D - Thieves
E - Assassins

The automous agent would then have five bitcoin addresses and would use the amount of received coins quotas to decide the percentage of each type of questions to be made.

This is just a very simple example and as I said I'm not good in it and I'm not particularly inspired.

But bearing in mind that AI agents will be deciding in all important matters in our world you get the idea. AI agents are driven by aims and objectives. if you can send coins to weight the components of such aims you get such scennario, where anyone could spend coins to determine the probability of an outcome.

Another thing could be advertsing. Satoshi could spend his coins to promote a cause. And stay anonymous.

MultipliedCombo

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Perhaps if Satoshi still knows how to access his wallet (keys and such), he might donate it to people or some charity that accepts Bitcoin. I don't think he'd withdraw it to fiat, as that might need him to reveal his identity and such.

dKingston

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He might spend after a big part of the world accepted bitcoin and use it as currency. Too early to spend now. My guess he would start spending when it reaches 100k per bitcoin.

Mr Tea

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Quote from: turvarya on August 11, 2014, 02:33:55 AM

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.

Well, he would have to be a ridiculously decent person just to consider them as a test. Having that sort of money could corrupt even the most moral of men.

turvarya

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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.

Rampton

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As for spending his bitcoins, if he was going to I'm sure he would've by now. I'm also worried what spending or dumping them could do to bitcoin.

Quote from: remotemass on August 11, 2014, 02:29:10 AM

I don't think Satoshi will ever convert his coins to fiat.
He will probably use them to pay autonomous agents for big changes.

What kind of agents and big changes? Sounds ominous.

Dogtanian

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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?

remotemass

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I don't think Satoshi will ever convert his coins to fiat.
He will probably use them to pay autonomous agents for big changes in the world.

Jesu

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If there's one thing I'd like to know about the person or entity that is Satoshi it's why his coins have never moved? Is he or they saving them as a ridiculous investment? Is he dead? Does he feel it wouldn't be fair to spend them? Has he left clues out there how to hack his wallets as a bounty? Cheesy

Maybe we'll never know.

Raek

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If Satoshi is still around and has his keys, expect at least 1 million USD worth from his known addresses to be converted into fiat within the next year. This is a necessary step if it is doable to convince the general public via the media that bitcoin has value.

Mobius

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Quote from: Ayers on August 10, 2014, 02:50:40 PM

if satoshi will ever spend it, the market could crash lol

Quote from: BitCoinDream on August 08, 2014, 06:06:29 PM

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

but 10^3 was already on 2013, this mean a chance to have 10^4 at the end of this year

It really depends on how much of his coins he spends on how obvious it is that it is him spending them. If he spends only ~50 of his coins and doesn't touch his others then the market would likely not even react, especially if he spends the coins he mined later rather then earlier. If on the other hand he spends 500k of his coins then yes the market would likely crash as it would not be able to handle this kind of selling pressure.

Ayers

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if satoshi will ever spend it, the market could crash lol

Quote from: BitCoinDream on August 08, 2014, 06:06:29 PM

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

but 10^3 was already on 2013, this mean a chance to have 10^4 at the end of this year

Mobius

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Quote from: Kayex on August 08, 2014, 07:49:53 PM

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.

Its About Sharing

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When the price is above 10k and\or adoption is huge, Satoshi can both change the world and keep his anonymity by giving BTC away to "groups" he sees fit.

Keeping his physical location a secret might be difficult, but he can probably figure a way to sell offline to trusted parties.

Does anyone fathom how easily and profoundly a trillionaire could change the world and at the same time, not "spend" a bit? Wink

. Gotta love it...

IAS

e1ghtSpace

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Quote from: Icardi09 on August 08, 2014, 10:55:19 PM

Quote from: e1ghtSpace on July 27, 2014, 02:56:50 AM

So, do you think Satoshi will ever spend his bitcoins?
You can only answer with Yes or No on the poll. Got it?

This is going to be very interesting to see the results.
The reason there isn't a "maybe" is so that we can get a definite answer.

I've joined. and I see the difference in voting is very thin, 49.7%) and 50.3%

Yes, it's very interesting because when it started it was "yes" 15 votes and "no" 9 votes or something. But now it looks as though No has overtaken Yes. I personally believe satoshi will spend his bitcoins. Unless he dies before he does, but I doubt he will.

Icardi09

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Activity: 476

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Quote from: e1ghtSpace on July 27, 2014, 02:56:50 AM

So, do you think Satoshi will ever spend his bitcoins?
You can only answer with Yes or No on the poll. Got it?

This is going to be very interesting to see the results.
The reason there isn't a "maybe" is so that we can get a definite answer.

I've joined. and I see the difference in voting is very thin, 49.7%) and 50.3%

Abdussamad

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Quote from: Dabs on August 08, 2014, 10:34:43 PM

Quote from: BitCoinDream on August 08, 2014, 06:06:29 PM

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

Basically, buy and hold for three years as much BTC as you can. It's not unreasonable to think that the value will even just merely double or triple in the next three years, if the past three years is any indication. Perhaps it won't go to 1M USD, but it's within reach to hit 1K USD again.

1k is almost certain. But we aren't in it for just 1k right? We want 10k!

Dabs

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Quote from: BitCoinDream on August 08, 2014, 06:06:29 PM

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

Basically, buy and hold for three years as much BTC as you can. It's not unreasonable to think that the value will even just merely double or triple in the next three years, if the past three years is any indication. Perhaps it won't go to 1M USD, but it's within reach to hit 1K USD again.

iCEBREAKER

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Quote from: zhinkk on July 27, 2014, 03:07:38 PM

At some point, those coins will be spent/moved. But I don't think that will be for a long long time.

SatoshiCoin movement is a Black Swan level event.

I don't think it will happen before the end of petrodollar hegemony.

When the dollar capitulates to economic reality and loses reserve currency status, the time will have come for Satoshi to buy New Zealand's South Island and rename it Libertopia. Perhaps He may also buy a few nice spots in the Med (IE Cyprus, Sicily, and Corfu) from their insolvent Imperial masters to function as North Libertopia.

Kayex

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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

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