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Topic: One of Satoshi's BTC address (Read 17007 times)

legendary
Activity: 924
Merit: 1002
March 09, 2015, 05:38:13 PM
#74
This is interesting topic. I have a feeling like in museum or somewhere I just can look to exhibition which is closed and is not possible to touch it, or use it Smiley
I can`t say if it`s funny or pitty. I have mixed felling about it.
Sure it`s good to have a look ... at least Smiley
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
March 09, 2015, 05:30:18 PM
#73

And how are you planning to do that?


hop in the delorean and mine with satoshi. pick up 50 btc every 10 minutes.
I'm thinking of joining your plan. Any Seats?
Though actually satoshi ain't mining as we know.
OR who knows may be he owns a big pool somewhere?
tss
hero member
Activity: 742
Merit: 500
March 09, 2015, 03:18:13 AM
#72

And how are you planning to do that?


hop in the delorean and mine with satoshi. pick up 50 btc every 10 minutes.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
March 07, 2015, 12:06:18 PM
#71

I also don't know why people think that the moment those coins move, there'll be a panic... Satoshi's allowed to transact like the rest of us. And doubtless he knows that he can't just dump all his coins at once...

I know that I've got a script running in the background on my own computer that will text message me the instant any of Satoshi's identified coins move.  

I expect major market movements (I wouldn't call it a "panic" but yes, major movements) because right now the assumption (with various degrees of confidence) that Satoshi will continue to not move those coins is built into the pricing structure.  In fact I bet the Winklevii and their sort, who cannot possibly conceive of someone being uninterested in spending any of his vast wealth, have assumed that because he hasn't, he can't.  

I have assumed that either he has burned his keys along with the "Satoshi" identity (if you don't want to be outed, you leave no clues, including keys.) or has refrained from using them, partly because moving any of his wealth would risk disclosing his identity, partly because he knows it would cause major movements in Bitcoin, and partly because I think he's genuinely uninterested in personal wealth.  He was talking about what Bitcoin could do for everybody, not what it could do for himself.

He is not the kind of person who would ever "lose" keys, I don't think.  But yes, there is a distinct possibility that he has deleted them, on purpose, when he walked away.


First of all , what script are you using man! , can i get a copy?
Yes! there will surely be major market movements if the coins from Satoshi's wallet move but I don't think he has burned the keys , I don't believe in that people don't like Personal Wealth, Everyone does .
Though he may have refrained from using them but still i do not understand how would it(him using or moving his coins) would compromise his identity at all ?
legendary
Activity: 924
Merit: 1129
March 06, 2015, 11:57:04 AM
#70

I also don't know why people think that the moment those coins move, there'll be a panic... Satoshi's allowed to transact like the rest of us. And doubtless he knows that he can't just dump all his coins at once...

I know that I've got a script running in the background on my own computer that will text message me the instant any of Satoshi's identified coins move.  

I expect major market movements (I wouldn't call it a "panic" but yes, major movements) because right now the assumption (with various degrees of confidence) that Satoshi will continue to not move those coins is built into the pricing structure.  In fact I bet the Winklevii and their sort, who cannot possibly conceive of someone being uninterested in spending any of his vast wealth, have assumed that because he hasn't, he can't.  

I have assumed that either he has burned his keys along with the "Satoshi" identity (if you don't want to be outed, you leave no clues, including keys.) or has refrained from using them, partly because moving any of his wealth would risk disclosing his identity, partly because he knows it would cause major movements in Bitcoin, and partly because I think he's genuinely uninterested in personal wealth.  He was talking about what Bitcoin could do for everybody, not what it could do for himself.

He is not the kind of person who would ever "lose" keys, I don't think.  But yes, there is a distinct possibility that he has deleted them, on purpose, when he walked away.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
March 06, 2015, 11:54:23 AM
#69
What if another individual owns that address and forgot that he has 50 btc lying in there? Lost privkey are some of the issues why there are coins sitting around some addresses that cannot be recovered.  Sad

Oh I would hate to be that person. lol.

That person might probably be Hal Finney , as he state to be mining after block 70
If he didn't revealed it to his family or friends , yup! lost them
legendary
Activity: 1038
Merit: 1000
https://r.honeygain.me/XEDDM2B07C
March 06, 2015, 10:14:35 AM
#68
What if another individual owns that address and forgot that he has 50 btc lying in there? Lost privkey are some of the issues why there are coins sitting around some addresses that cannot be recovered.  Sad

Oh I would hate to be that person. lol.
sr. member
Activity: 308
Merit: 250
( -_・)ノ-=≡[$(∞)$]
March 06, 2015, 08:23:25 AM
#67
who is satoshi
?

is creator btc system? or?  Huh

He's the creator of Bitcoin, silly.No one knows his identity.He might be a group or only a person.Many peole says that Satoshi is Japanese because of his name and that's Satoshi Nakamoto.
hero member
Activity: 588
Merit: 500
March 06, 2015, 08:07:46 AM
#66
Why do you think they're lost? because he hasn't moved them? he also hadn't signed onto any of his accounts for years, til the Dorian incident, but he resurfaced for a moment...

odds are he's still got control of those keys, he just hasn't saw fit to do anything with them...

I also don't know why people think that the moment those coins move, there'll be a panic... Satoshi's allowed to transact like the rest of us. And doubtless he knows that he can't just dump all his coins at once...

True.
But still, if it is proved to be Satoshi's address and he himself drops the price down being the inventor, then I think there might be some panic and some newer lows might be seen through people thinking that Satoshi is out of the game and is no more interested in his own coin.
It makes no sense. Satoshi spent a considerable amount of time developing Bitcoin and would probably not destroy Bitcoins especially after it became much more popular.

He surely have the controls over his bitcoin , he is Satoshi .
Why would someone , especially him , dump alot of BTC .


Did I say he would?
I just said that if he ever does, it would affect the value of Bitcoins a lot as most people are always watching his addresses and everything related to him.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
March 06, 2015, 08:01:15 AM
#65
Why do you think they're lost? because he hasn't moved them? he also hadn't signed onto any of his accounts for years, til the Dorian incident, but he resurfaced for a moment...

odds are he's still got control of those keys, he just hasn't saw fit to do anything with them...

I also don't know why people think that the moment those coins move, there'll be a panic... Satoshi's allowed to transact like the rest of us. And doubtless he knows that he can't just dump all his coins at once...

True.
But still, if it is proved to be Satoshi's address and he himself drops the price down being the inventor, then I think there might be some panic and some newer lows might be seen through people thinking that Satoshi is out of the game and is no more interested in his own coin.
It makes no sense. Satoshi spent a considerable amount of time developing Bitcoin and would probably not destroy Bitcoins especially after it became much more popular.

He surely have the controls over his bitcoin , he is Satoshi .
Why would someone , especially him , dump alot of BTC .
legendary
Activity: 2954
Merit: 4158
March 06, 2015, 07:52:38 AM
#64
Why do you think they're lost? because he hasn't moved them? he also hadn't signed onto any of his accounts for years, til the Dorian incident, but he resurfaced for a moment...

odds are he's still got control of those keys, he just hasn't saw fit to do anything with them...

I also don't know why people think that the moment those coins move, there'll be a panic... Satoshi's allowed to transact like the rest of us. And doubtless he knows that he can't just dump all his coins at once...

True.
But still, if it is proved to be Satoshi's address and he himself drops the price down being the inventor, then I think there might be some panic and some newer lows might be seen through people thinking that Satoshi is out of the game and is no more interested in his own coin.
It makes no sense. Satoshi spent a considerable amount of time developing Bitcoin and would probably not destroy Bitcoins especially after it became much more popular.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
March 06, 2015, 07:18:37 AM
#63
It's just strange to think that Satoshi or Hall thought of those coins as we think of todays Satoshi's. {zero value}

It is sad that those coins are lost forever...  Sad  ..... If I was Satoshi, I would send it to a account owned by our MtGox King... shift all the spotlight onto the bad boys of bitcoin. {Let them explain}

This will be one of the biggest unsolved mysteries of the world. {Why leave such a huge treasure?} ---> dubbed the "Million coin mystery"  Grin Grin Grin

Why do you think they're lost? because he hasn't moved them? he also hadn't signed onto any of his accounts for years, til the Dorian incident, but he resurfaced for a moment...

odds are he's still got control of those keys, he just hasn't saw fit to do anything with them...

I also don't know why people think that the moment those coins move, there'll be a panic... Satoshi's allowed to transact like the rest of us. And doubtless he knows that he can't just dump all his coins at once...

Yah. Maybe he still has the control over those coins. Needless to say that he's also allowed to move them at his will.
hero member
Activity: 588
Merit: 500
March 06, 2015, 06:59:45 AM
#62
Why do you think they're lost? because he hasn't moved them? he also hadn't signed onto any of his accounts for years, til the Dorian incident, but he resurfaced for a moment...

odds are he's still got control of those keys, he just hasn't saw fit to do anything with them...

I also don't know why people think that the moment those coins move, there'll be a panic... Satoshi's allowed to transact like the rest of us. And doubtless he knows that he can't just dump all his coins at once...

True.
But still, if it is proved to be Satoshi's address and he himself drops the price down being the inventor, then I think there might be some panic and some newer lows might be seen through people thinking that Satoshi is out of the game and is no more interested in his own coin.
hero member
Activity: 644
Merit: 500
March 06, 2015, 03:58:01 AM
#61
It's just strange to think that Satoshi or Hall thought of those coins as we think of todays Satoshi's. {zero value}

It is sad that those coins are lost forever...  Sad  ..... If I was Satoshi, I would send it to a account owned by our MtGox King... shift all the spotlight onto the bad boys of bitcoin. {Let them explain}

This will be one of the biggest unsolved mysteries of the world. {Why leave such a huge treasure?} ---> dubbed the "Million coin mystery"  Grin Grin Grin

Why do you think they're lost? because he hasn't moved them? he also hadn't signed onto any of his accounts for years, til the Dorian incident, but he resurfaced for a moment...

odds are he's still got control of those keys, he just hasn't saw fit to do anything with them...

I also don't know why people think that the moment those coins move, there'll be a panic... Satoshi's allowed to transact like the rest of us. And doubtless he knows that he can't just dump all his coins at once...
full member
Activity: 182
Merit: 100
DaDice! Next Generation Dice Game
March 06, 2015, 03:30:14 AM
#60
that's a lot of btc just wasted.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
March 06, 2015, 03:23:52 AM
#59
One day, when he becomes very sick of people misusing his creation, he will dump those coins onto the exchanges and flush the price of Bitcoin down the drain.

He will then donate all those earning to charity and "poof" ....be gone for the next 25 years.  Shocked

Those coins can do a lot of damage, and a lot of good at the same time.  Sad

If he ever decide to sell those coins, it would be seen as the biggest pre-mine anyway... and that would just be a sad day.


I don't think he will become sick of people , he made bitcoin and if people use it for bad purpose, it's not his mistake .
People will always exploit everything , that's why it's said nothing is perfect.
Though if someday he comes with his coin to sell or raise market , that will be an awesome day to watch.

i doubt if satoshi has ever sold his bitcoins. you are comparing satoshi with any altcoin dev who mines and dumps the coin. if he has ever spend any bitcoin i am sure it was for giveaways.

Yep! satoshi is the real deal Grin
just thinking about mining 10k usd at today's rate every 10 minutes. 

And how are you planning to do that?

tss
hero member
Activity: 742
Merit: 500
March 06, 2015, 03:00:11 AM
#58
just thinking about mining 10k usd at today's rate every 10 minutes. 
legendary
Activity: 1946
Merit: 1137
March 06, 2015, 01:26:55 AM
#57
Anyone know how many addresses Satoshi may have (from the beginning), I mean is there any talk about the beginning days beyond the white paper?

Sergio Lerner has spent more time and effort than is really healthy tracking down which Bitcoin addresses belong to Satoshi.  You can read his opinions, and his reasoning/methodology, here. 

https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

As best he can make out, Satoshi has something 1.14M bitcoins. 

As such, Satoshi has already made history, back when Bitcoin was poking its nose above $1000 per coin, as the first anonymous billionaire of the 21st Century.

But as far as I could tell, he only mined to secure the blockchain.  I don't think he has any interest in those coins.

I wish someone had an estimate of how many of those coins did satoshi sell.

i doubt if satoshi has ever sold his bitcoins. you are comparing satoshi with any altcoin dev who mines and dumps the coin. if he has ever spend any bitcoin i am sure it was for giveaways.
legendary
Activity: 1904
Merit: 1073
March 06, 2015, 01:25:27 AM
#56
One day, when he becomes very sick of people misusing his creation, he will dump those coins onto the exchanges and flush the price of Bitcoin down the drain.

He will then donate all those earning to charity and "poof" ....be gone for the next 25 years.  Shocked

Those coins can do a lot of damage, and a lot of good at the same time.  Sad

If he ever decide to sell those coins, it would be seen as the biggest pre-mine anyway... and that would just be a sad day.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
March 06, 2015, 01:12:15 AM
#55
Anyone know how many addresses Satoshi may have (from the beginning), I mean is there any talk about the beginning days beyond the white paper?

Sergio Lerner has spent more time and effort than is really healthy tracking down which Bitcoin addresses belong to Satoshi.  You can read his opinions, and his reasoning/methodology, here. 

https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

As best he can make out, Satoshi has something 1.14M bitcoins. 

As such, Satoshi has already made history, back when Bitcoin was poking its nose above $1000 per coin, as the first anonymous billionaire of the 21st Century.

But as far as I could tell, he only mined to secure the blockchain.  I don't think he has any interest in those coins.


Wow! that is amazing , thanks for the share man!
Though he mined to secure the blockchain at that time but we cannot deny that he have so much coins and they belong to him and seeing how great person he is , he won't just forget them , so he have them and is keeping them like a BOSS
Great Smiley
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