Maybe a big surprise in the coming years. Still waiting for his true identity to reveal.
Satoshi will return in 2016 to reclaim his throne as King of Bitcoin..... Gavin will resume his role as Prince of Bug Checking.
Topic: Does Satoshi still have plans to access his coins? - page 3. (Read 3947 times)
Satoshi will return in 2016 to reclaim his throne as King of Bitcoin..... Gavin will resume his role as Prince of Bug Checking.
I was doing some research on Counterparty and thought "Why didn't Satoshi "burn" his coins if he didn't have any intention to access them again?"
So maybe we'll see those coins move in the future?
Edit: For the newbies. Here's a wiki for "proof of burn" https://en.bitcoin.it/wiki/Proof_of_burn
So maybe we'll see those coins move in the future?
Edit: For the newbies. Here's a wiki for "proof of burn" https://en.bitcoin.it/wiki/Proof_of_burn
"Satoshi" didnt "burn" those coins because that would virtually lower the total amount of coin under 21 mil cap., so why would he go against his design ? Just to bump up value?
I believe he will access them again, but thats his personal call, and i dont see why would anyone want to stalk his addresses, other than just for the f?*k of it.
A lot of people consider him to be something he is not,giving him celebrity status, but just read up on how it all started and ull see that hes just like you and me, but with (now proven to be) amazing idea.
Being the inventor of an innovation that is conceptualized to be against the current financial system and given the power he/she has over bitcoin, personally I would be more than careful for my safety because apparently, many people would like to know who am I and where do I live etc. that may be harmful for my personal safety and for my family as well. Satoshi Nakamoto did a great feat on staying anonymous, though some articles say that his/her IP address have somewhat been traced, but that doesn't mean that he/she is known already.
Even if he does guard his real identity carefully, I think he may have made some mention of bitcoins in his will. It would be a shame to let all those coins lie unused for ever.
Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them?
Being the inventor of an innovation that is conceptualized to be against the current financial system and given the power he/she has over bitcoin, personally I would be more than careful for my safety because apparently, many people would like to know who am I and where do I live etc. that may be harmful for my personal safety and for my family as well. Satoshi Nakamoto did a great feat on staying anonymous, though some articles say that his/her IP address have somewhat been traced, but that doesn't mean that he/she is known already. Also, reading the progression of this thread, it seems that you're only pointing that Satoshi is VERY, VERY LIKELY DEAD, which already looks like spam to me. Tell me, what made you think that he/she is indeed dead that you keep on insisting that he/she already is?
The possibilities are endless, it's pointless debating.
Satoshi would have trouble selling his Bitcoins for the following reasons.
1) Each of his wallets contain quite a few BTC. There's no way that he can shift so many without diluting the market. Excess supply will drive the price down. When people see that Satoshi's wallets are being liquidated they'll panic sell and drive the price down further. Everyone loses...
2) As shown in point 1, Satoshi wouldn't be able to sell all his BTC at once. If he'd want to sell some, he'd need to sell a few at a time. (Maybe a few 100 BTC sell orders but more than that would be suspicious). The problem is that all Satoshi's wallets are being watched. Once people see him playing around/moving some of his BTC, they'll panic sell and just as pointed out above, too much supply will drive the price down. So again, a lose lose situation.
To be honest, I don't think there's any way possible for Satoshi to sell his way out.
1) Each of his wallets contain quite a few BTC. There's no way that he can shift so many without diluting the market. Excess supply will drive the price down. When people see that Satoshi's wallets are being liquidated they'll panic sell and drive the price down further. Everyone loses...
2) As shown in point 1, Satoshi wouldn't be able to sell all his BTC at once. If he'd want to sell some, he'd need to sell a few at a time. (Maybe a few 100 BTC sell orders but more than that would be suspicious). The problem is that all Satoshi's wallets are being watched. Once people see him playing around/moving some of his BTC, they'll panic sell and just as pointed out above, too much supply will drive the price down. So again, a lose lose situation.
To be honest, I don't think there's any way possible for Satoshi to sell his way out.
I know that I, for one, would not "panic sell" if Satoshi used some of his coins. Why should we be in apocalyptic fear that the inventor of the system use the system?
And why would he sell all of them? Why would he cash out of his innovation?
I just assume that Satoshi is dead and that any friends or family of his knew nothing about bitcoins at the time of his death. As such, anything that might have been a private key to any of those bitcoins is long since destroyed.
I thought he was dead as well, until he posted "I am not dorian nakamoto" last year.
Don't you think its easy to hack p2p foundation account when you most probably registered with an email account which was already hacked! It was not done by him but the hacker
Satoshi would have trouble selling his Bitcoins for the following reasons.
1) Each of his wallets contain quite a few BTC. There's no way that he can shift so many without diluting the market. Excess supply will drive the price down. When people see that Satoshi's wallets are being liquidated they'll panic sell and drive the price down further. Everyone loses...
2) As shown in point 1, Satoshi wouldn't be able to sell all his BTC at once. If he'd want to sell some, he'd need to sell a few at a time. (Maybe a few 100 BTC sell orders but more than that would be suspicious). The problem is that all Satoshi's wallets are being watched. Once people see him playing around/moving some of his BTC, they'll panic sell and just as pointed out above, too much supply will drive the price down. So again, a lose lose situation.
To be honest, I don't think there's any way possible for Satoshi to sell his way out.
1) Each of his wallets contain quite a few BTC. There's no way that he can shift so many without diluting the market. Excess supply will drive the price down. When people see that Satoshi's wallets are being liquidated they'll panic sell and drive the price down further. Everyone loses...
2) As shown in point 1, Satoshi wouldn't be able to sell all his BTC at once. If he'd want to sell some, he'd need to sell a few at a time. (Maybe a few 100 BTC sell orders but more than that would be suspicious). The problem is that all Satoshi's wallets are being watched. Once people see him playing around/moving some of his BTC, they'll panic sell and just as pointed out above, too much supply will drive the price down. So again, a lose lose situation.
To be honest, I don't think there's any way possible for Satoshi to sell his way out.
I just assume that Satoshi is dead and that any friends or family of his knew nothing about bitcoins at the time of his death. As such, anything that might have been a private key to any of those bitcoins is long since destroyed.
I thought he was dead as well, until he posted "I am not dorian nakamoto" last year.
Put yourself in his/her shoes... you have one of the biggest treasures in the world and you invented the technology that can disrupt HUGE organizations.
Will you touch those coins?
I know I will not, until I can find a way to MIX it, in a way that will not be traceable. {None of the methods today, gives total anonymity}
I still think, he/she lost the private key, and are scared that the world would find out. {You would really look like a fool, if you lost 1M bitcoins}
It can happen to anyone.. just ask the guy, who dumped all that coins with his old Harddrive.
Those coins was worth much less, when he got that... so he/she might have not worried too much about securing it.
Will you touch those coins?
I know I will not, until I can find a way to MIX it, in a way that will not be traceable. {None of the methods today, gives total anonymity}
I still think, he/she lost the private key, and are scared that the world would find out. {You would really look like a fool, if you lost 1M bitcoins}
It can happen to anyone.. just ask the guy, who dumped all that coins with his old Harddrive.
Those coins was worth much less, when he got that... so he/she might have not worried too much about securing it.
Satoshi is dead! Ok He wants to be Anonymous! What's the reason behind going offline forever? I don't see any genuine reason! Hundreds of thousands of people die everyday, cant satoshi be one of them?
Who knows what really happened? If he/she died, how are we to know? Also, how can we differ a normal address from Satoshi's? An address with some early transactions could be a possibility, but the fact remains that he/she could not be alone in mining during those times. He/she could've had his/her friends know about bitcoin back in the days and those people could've mined some coins out of curiosity or help for their friend. There are A LOT of possibilities and probabilities as to what really happened to Satoshi. The only way we can be sure of who he/she is is that someone would stand in the hot seat, prove that he/she is in fact the genius behind bitcoin then problem solved (well it isn't really a problem in the first place).
Yes we don't know if he still exists but why didn't he even come online to tell the world that his email got hacked and don't trust any emails from that account?
Put yourself in his/her shoes... you have one of the biggest treasures in the world and you invented the technology that can disrupt HUGE organizations.
Will you touch those coins?
I know I will not, until I can find a way to MIX it, in a way that will not be traceable. {None of the methods today, gives total anonymity}
I still think, he/she lost the private key, and are scared that the world would find out. {You would really look like a fool, if you lost 1M bitcoins}
It can happen to anyone.. just ask the guy, who dumped all that coins with his old Harddrive.
Those coins was worth much less, when he got that... so he/she might have not worried too much about securing it.
Will you touch those coins?
I know I will not, until I can find a way to MIX it, in a way that will not be traceable. {None of the methods today, gives total anonymity}
I still think, he/she lost the private key, and are scared that the world would find out. {You would really look like a fool, if you lost 1M bitcoins}
It can happen to anyone.. just ask the guy, who dumped all that coins with his old Harddrive.
Those coins was worth much less, when he got that... so he/she might have not worried too much about securing it.
Who knows what really happened? If he/she died, how are we to know? Also, how can we differ a normal address from Satoshi's? An address with some early transactions could be a possibility, but the fact remains that he/she could not be alone in mining during those times. He/she could've had his/her friends know about bitcoin back in the days and those people could've mined some coins out of curiosity or help for their friend. There are A LOT of possibilities and probabilities as to what really happened to Satoshi. The only way we can be sure of who he/she is is that someone would stand in the hot seat, prove that he/she is in fact the genius behind bitcoin then problem solved (well it isn't really a problem in the first place).
OT
Satoshi is the reincarnation of Santa Claus: he lives in Lapland.
And he has a whole bunch of green dressed friends...
END OT
Anyway, this has been always my question as well: is he alive? If so what will he do with his BTC?
I don't know and that, sometimes, makes me scared and amazed at the same time.
Satoshi is the reincarnation of Santa Claus: he lives in Lapland.
And he has a whole bunch of green dressed friends...
END OT
Anyway, this has been always my question as well: is he alive? If so what will he do with his BTC?
I don't know and that, sometimes, makes me scared and amazed at the same time.
Give me one proof (valid proof) 'prove' that he is dead 
.
.I asked first
.But satoshi's email got hacked..he could have informed people through p2p foundation before that account was hacked too but NO! Plus he could have come up online here and told people that his account was hacked to stop the hacker from scamming but he didn't do that too.. This must be enough! Your turn now!
I just assume that Satoshi is dead and that any friends or family of his knew nothing about bitcoins at the time of his death. As such, anything that might have been a private key to any of those bitcoins is long since destroyed.
I respect your opinion a lot, but every time one of these threads comes up you are the first to offer the I think unlikely scenerio that the man has ceased to be. Unless this is a metaphor, I don't know why you keep trotting it out. No offence. It just strikes me as one of the more absurd possibilities.
Do you know who was (is) satoshi? I think you cannot and we can't say he is dead, because we don't own the proofs.
Give me 1 proof that proves he still lives
Give me one proof (valid proof) 'prove' that he is dead
. Do you know who was (is) satoshi? I think you cannot and we can't say he is dead, because we don't own the proofs.
Give me 1 proof that proves he still lives
Satoshi has so many stalkers! He'll use the coins when he feels like it.
That being said, it's genius that Satoshi has created this whole mystery thing, because it gives us something to talk about when things are boring on the bitcoin front.
That being said, it's genius that Satoshi has created this whole mystery thing, because it gives us something to talk about when things are boring on the bitcoin front.
you make my day
!Satoshi is already dead! We are just imagining nonsense that never existed! There's no reason to leave Bitcoin scenario all of a sudden! Satoshi died already and he never gave his private key to someone else!
Do you know who was (is) satoshi? I think you cannot and we can't say he is dead, because we don't own the proofs.
Satoshi is already dead! We are just imagining nonsense that never existed! There's no reason to leave Bitcoin scenario all of a sudden! Satoshi died already and he never gave his private key to someone else!
Satoshi has so many stalkers! He'll use the coins when he feels like it.
That being said, it's genius that Satoshi has created this whole mystery thing, because it gives us something to talk about when things are boring on the bitcoin front.
That being said, it's genius that Satoshi has created this whole mystery thing, because it gives us something to talk about when things are boring on the bitcoin front.
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