Topic: If satoshi shows he has still controll of all of his coins what would happen ? - page 3. (Read 448 times)

I think bitcoin will be fine. But what you need to worry about is the investors. Because I am sure that if this happened, many investors would panic and would most likely quickly sell their assets. Because if, for example, Satoshi sends his bitcoin assets to the exchange, there are several possible causes for this to happen. That is

• Satoshi wants to sell the bitcoin assets he owns.
• Want to move bitcoin assets to another wallet.
• Or Satoshi also wants to see the market response (the possibility is very small).

However, of these 3 possibilities, bitcoin investors will definitely be very wary of the first possibility. Because if, for example, Satoshi sent his bitcoin assets to the exchange and after that sold all his assets, then the price of bitcoin would definitely fall very deeply. Because how could it not be, Satoshi is the creator of Bitcoin. So if he sells all the bitcoin assets he owns, of course this will be a big question mark. But in my opinion all of that is quite impossible if it happens. Because until now no one knows whether this satoshi still exists or not. In addition, it is impossible for Satoshi to destroy the bitcoins he created. So it's better to stop thinking like this, bro. Because of the assumptions you make about Bitcoin, sometimes there are people who take it seriously and end up thinking paranoid.

Nothing is impossible especially if Satoshi is more than one person, and by this question, you said moves "his" coin. Meaning that he is not stealing anybody's money, so it is not a big deal, he has the right. Like any other BTC that is being moved in and out of the market, it will be judged by the size, yet because Satoshi is involved, the impact might be more regardless of the amount moved out. The impact on the market depends on the amount of money we are talking about. But I fear that this will not expose his/their identities.

There are no negative assumptions because you are trying to force that situation to happen but it does not happen and there will never be such a situation. Why try to put yourself in negative situations?

The confusion belongs to you, not to Satoshi. I am sure that if Satoshi appears and returns to work, it will bring positivity to bitcoin the way it ideally brings. Judgment comes from us and we like to make assumptions, think about it, but people like OP like to make excuses for all kinds of problems from themselves and judge others, like you are a bad student but like to make excuses admonish excellent students about their mistakes.

Last time active here satoshi was online on dec 2010

In what aspect?

To Bitcoin's development: nothing will change, there are many Bitcoin developers, it's not that Satoshi will able to change anything that he wants.

To the market: a lot people, articles and institutions will talk about that, we might see a sudden dump since people are panic and they thought Bitcoin is no longer decentralized due to lack of understanding.

I'd say it's impossible if Satoshi made a mistake, haven't you thought how he can able to stay anonymous since 2008?

And how exactly could that happen? If a person wants to see their coins but plans to make no movements they can create a watch-only wallet and do this, so in order for that mistake to happen Satoshi will need to mistakenly access their regular wallet, enter a password, input an amount to send and the fee, input a bitcoin address and finally write their password again, how could this sequence of events ever be a mistake? If the coins we believe belong to Satoshi move one day, you can be sure that it was not a mistake.

I'm sure this possibility will never happen. I'm sure Satoshi knows what will happen if there is btc transfer activity from a wallet address that allegedly belongs to Satoshi. Firstly, btc transfers from that address will instantly go viral, secondly, satoshi will become the most sought after people, thirdly, trust in bitcoin will collapse when that happens and the price will drop significantly.

I don't think Satoshi would do that for any reason because it would be the same as killing the trust in Bitcoin that has been built over the years.

If he has control over the coin bitcoin, then bitcoin will never be as it was. I mean, its current price. I don't think that it will reach this point because bitcoin has gone through its current price because no one controls it, maybe us or whales, but it is not like we could change the market every time we want without sacrificing anything. And imagine if Satoshi can manipulate the price of bitcoin, then many investors will get out of investing in bitcoin, or worst case scenario, there will be no investors at all. In short, complete chaos will ensue; bitcoin will never be as we know it now if it is being controlled by even the creators themselves. But from what we are seeing Satoshi or other creators of bitcoin are silent, maybe for a particular reason, but one thing I'm sure of is that they are letting us investors do what we want with bitcoin; simply put, bitcoin is freedom in the financial aspect.

There would be a sharp short-term drop, but providing there would be no developments - no actual selling by Satoshi, no statements by Satoshi, etc. - then the market would quickly recover and move on. Most likely people will be speculating whether those coins actually belong to Satoshi or some another early user, because it's not like there's a long list of addresses that are definitely 100% belong to Satoshi.

OP, if Satoshi moves his coins to a different wallet, which maybe he is just trying to prove to the community that he still has access to his coins, nothing will happen; it will only cause some FUD, and the large community will also talk about it for probably a week or more, after which everyone will forget about it, and it can only be referenced if there is any need to do that.

Moving his coins will not be by mistake, and it will raise a lot of attention because people will be trying to understand why the coins are being moved, It will raise a lot of questions like; Could this be the sign of something bad about to happen to bitcoins like maybe it is about to fail?
But I am also thinking, since Satoshi cannot or would not move any coins he has because of the kind of attention it will raise, what is the plan exactly? How does he profit from all this? and how is he coping with creating something that he cannot financially benefit from without raising attention?

Maybe Satoshi sold his bitcoins already.... and nobody noticed.....

There is currently another thread about Saudi Arabia maybe buying 1 Million Bitcoins.

What if Satoshi just meets with the guys from Saudi Arabia with a bunch of lawyers and Satoshi hands over all private keys to his wallets and Saudi Arabia hands over the payment in whatever form.

In the Blockchain you would see nothing, no change... and no panic affecting the price of Bitcoin...

Just saying

________________________

Just thinking of it: with Bitcoin you cannot reverse a transaction if you send the coins.  So if I want to pay for example 1 bitcoin and do a payment through the network I have delays and fees.  If I send a private key to wallet containing 1 bitcoin I pay no fee at all and there is no record of the transaction......the risk is the same, bitcoin is gone with both ways,,,,

if it causes market chaos, of idiots panic selling.. remember once sold their panic session is gone
once your out, your out

in short, temporary discount session to accumulate more cheap coins

the only true panic should be a coding bug that messes with mining blocks/creating blocks that cause long term break in bitcoin functionality

everything else is just discount opportunities to accumulate more coins cheaply

for instance grayscale held 640k coins for years, the are now selling(have ~550k left), enjoy the discount

Thousands of people that want to buy bitcoin.


How will satoshi moving his coin affect your anonymity? I don’t even see how both of them relates – likely the first post stated the only identity that could be at the risk of being revealed is that of satoshi himself – but there are ways he could move them before he trades them without being exposed.

Is there anything like mistake? I mean someone will enter his wallet seed phrase or private keys and then try to send Bitcoin from the original wallet to another, he didn't realize he is doing a mistake, he went ahead to sign the transaction and after all that, he mistakenly broadcasted the transaction hash on the Bitcoin boded to be propagated from one node to another, no my friend that can't be a mistake but intentional mistake and purpose.

If Satoshi sent his Bitcoin from wallet to another, that shouldn't be a cause for panic after all we have seen how institutional investors are moving bitcoin from one wallet to another, some of them move them most often to Coin base for sells, some are been move from wallet to another to sell but this are over the counter (OTC) sales and you don't know it's Bitcoin they are selling. So, it's nothing to be serious about and I doubt if Satoshi will even send to centralized exchanges, it can't happen and people will hardly notice if sell is going on.

By the way, didn't team unlock shitcoins everyday and sells and nothing happen to the projects? Is Bitcoin that is only the problem here. Millions of tokens are been unlock on coins that are having low liquidity than Bitcoin and nothing happened but people panic over nothing when old wallets moves bitcoin from one wallet to another.

I think a lot of people would turn their heads and be interested

It could go both ways it could make people believe more in bitcoin and put their trust into it making the price increase on the other hand it could also do some damage to the market if satoshi moves his coins people might assume that there is something to happen which would make them take out their coins

This will be the most chaotic event since Bitcoin's inception and Satoshi Nakamoto's disappearance. The market will be in turmoil because people will be concerned about what will happen to bitcoin after that. Many thoughts will arise that will cause fear, potentially resulting in a market crash. The bitcoin in that wallet serves a purpose, and if that purpose is altered, we can only imagine what the future of bitcoin will be.


What kind of assistance do you believe bitcoin requires now? And does Satoshi Nakamoto's reappearance solve the problem Bitcoin is facing? His anonymity has also contributed to bitcoin's success, as it remains decentralised and has not been compromised by anyone to date.

Yes,even on a single transaction from those known wallet of Satoshi is really that highly been monitored for any movements. On the time that it would really be making out such movement then it wont really be shocking that if ever there would really be those movement then the community or even the whole crypto space would really be creating those kind of assumptions at the same time to be that happy
or optimistic knowing that Satoshi is alive at the same time that tons of people would really be having those kind of fear that it would really be the cause of the huge dump into this market.

There's no way that we could be able to know on what would happen in this particular moments or time but pretty much sure that the masses would really be having those common reaction
of things that they do have in mind. It is really just that impossible that people couldnt really be able to determine on what are those probabilities.
For me, then fear is there on which holding a million BTC coins then it would be able to dump the market so hard.

The worst that would happen was the price would fall due to the large volume of coins. But who would Satoshi sell to? This would end your anonymity and the market would absorb its sale.

Satoshi has no control over the market or bitcoin, it was created for this, bitcoin is social scalability, only the community has control.

With the worth of Bitcoin being held by Satoshi, as soon as it is realized that he is active again, the market will crash. With so much worth of bitcoin in a single person's control, the market will shake very badly and alot of selling will take place. Because people will believe that a big selling is about to happen, causing a big bear market, so to avoid it, alot of selling will take place causing a lot of panic and a big bear market.