Topic: "Patoshi Researcher: 'Satoshi won't use his coins ever’" (Read 498 times)

There are many possible options here. Satoshi might be dead, Satoshi might not be using those coins on purpose or might have lost access to those coins on purpose. There's no way of knowing how this will play out and whether Satoshi or someone else will even use those coins.
As for the article, I like how the researcher approaches the topic and respects Satoshi's privacy, but the altruism argument it quite weak IMO. Namely, not to cause significant harm Satoshi could let the majority of those coins just stay there, but there would be no problem with this person using a couple or a dozen of Bitcoin, would there? And the fact that not even a tiny amount has been moved doesn't look like something to do with altruism.

Just one thing not to underestimate. The human instinct for survival is a really, really strong motivator. Gun to the head? Gun to family's head? Deus ex machina situations where money is the only solution?

Like you said, for as long as there is access to those keys, the possibility the coins will be used is a real one.

I tend to believe in the same too (that the keys are irretrievably lost). It's the only explanation for why that clown would dare make those claims.

I can't say I looked to much into anything Satoshi posted or said beyond the Whitepaper and that's going back almost 3 years now. Things had already begun to take on a very different path then what may have been anticipated or expected in the earliest days. I have been mulling over why someone would leave that nestegg untouched.

The first reason has already been stated and is the most plausible for why they haven't moved to this point. They have other wallets and coins to use and/or were affluent enough for their lifestyle to see no need in digging deep into the bags. I very early on ran with the idea that Satoshi if an individual may have met an early end, which is also a plausible idea. People die every day, and it's rarely planned by them.

I like the use of the word altruistic in this article because it fit with a preconceived notion I had if death had not been in the cards for Satoshi. It may very well the greatest redistribution of wealth the world will ever see. If BTC sees the growth that many people expect or anticipate over the decades, imagine 1.1 million BTC being spread throughout the world in any fashion really. Bitcoin has always had a disruptive power behind it and an opportunity to remove the monopoly that the current financial system has on individual, so who's to say this 5.2% (more if you count burned/lost coins) couldn't be used to attempt to flatten out the wealth disparity the world currently operates under.

I would have done the same thing if I were in his place. I am already pissed off with the whales since they hold most of the bitcoins.
They keep manipulating the market from time to time. This should not happen to be honest.
This breaks the trust of common people and keep bitcoin at the risk of manipulation.

Satoshi is a real inspiration and has set a huge example for many techies in this world.
He has proved that one man can make a huge difference.

I would wait around 5 years and maybe by then we can already conclude that he can already be dead or maybe he just lost access to the keys of the hoard of Bitcoin under his control. Anyway, the legend surrounding the great man of Bitcoin will always be here until maybe he can show up or someone can convince us that he is already six feet below the ground. The mystery on Satoshi Nakamoto is adding more luster and excitement to Bitcoin, I supposed. 

I agree. Satoshi is a creator of bitcoin so creating new wallet(s) to mine and store his bitcoin is so easily. If he worried about his transfer actions on keys or addresses that people know they are belong to Satoshi, he would have never transfered his money this way. If he Satoshi actually created new wallets to do that, there is nothing to do with him and his transfers. And yes if he did so, he would have never intended to transfer his bitcoin from known keys, addresses.

First, we really don't know how many bitcoin Satoshi really owned. And I think many are exaggerating the figures here (and probably may have way less than we initially though).

Second, we all know that whoever Satoshi is, he is a smart person and won't simply dump his own stash because it will create a lot of panic. So consider him as the first HODLER as well.

i do believe that Satoshi wanted the identity "Satoshi Nakamoto" to remain a symbol and as the creator only instead of someone who we keep looking up to for everything which would turn him into the "owner/controller". which may be one the main reasons for his leave and that keeps bitcoin more decentralized.
this could be a good explanation why those coins never move. also the fact that Satoshi may already have more coins from more recent blocks than early ones.

But does the community truly care to know who this Satoshi is, really, provided Bitcoin is still gaining traction and doing favourably well in the market? The truth is that Satoshi (himself or themselves) doesn't want to be discovered actually. For all I know, he could even be theymos. Why is no one thinking in theymos' direction to unravel Satoshi?

Well, if signing any wallet to reveal himself will crash the price of Bitcoin, I rather Satoshi remained hidden. We saw how the movement of a few thousands of dollar worth of Bitcoin two weeks ago from one of the wallets rumoured to belong to Satoshi crashed the Bitcoin price. So, what's the use?

Satoshi might have spent some, because we are just overly-concentrated on the first blocks from 2009 - 2010 and never really bothered about Satoshi's possible involvement up until 2012 when the space literally is booming with life and the bitcoin economy is starting to unfold into a bigger, more vibrant side of things. No one really knew what happened to Satoshi after his last email to Gavin Andresen on April 2011, so the rest of the things about his coins and as to why he disappeared are just guesses and gut feels.

Or he could have died already from something so severe that the only thing he could muster is the last email to Andresen. Given the character portrayed by Satoshi on his forum posts, he's just a man who wanted to take bitcoin for as long as he could and assist the lead developers into making everything work. He guided them for as long as he could, until everyone understood the intricacies, just like a mother bear teaching her sons how to hunt for food. When it occurred to him that everything is already set, he just vanished, *poof* just like what mother bears do in the wild. And perhaps that sudden disappearance, coupled with some messages hinting to his departure, leads down to his own death.

Im sure that Satoshi understand that every movement of his coin may dump btc price for thousands

Why not? Isn't that the best way to make sure you'll remain anonymous?
Do we believe anybody who says he's Satoshi if he cannot sign a message with those keys?

And to the second option I don't think it's possible. Being the guru that Satoshi is (it's no mean feat for anyone to have come up with the phenomenal crypto — Bitcoin.), the last thing that Satoshi could do would be to destroy the PKey to those wallets.

My thought is that there is a certain threshold Satoshi is looking at for the value of Bitcoin before he deems it fit to start spending and am certainly sure we are not there yet.

Yep, you're right, I was focused only on the first blocks and I've forgot about that.

there is a third option which is Satoshi has been spending his bitcoins but from outputs (fresh coins mined) that are from later years (like 2010 to 2013) instead of spending outputs that people have been getting overly sensitive about (that is anything mined in 2009). after all it remained easy to mine bitcoin with PC for a very long time even after he disappeared (i believe it was until 2013).

It´s of uttermost importance that Satoshis identity should never be revealed, at least not until the person (or all members of the team) are dead. FED, IRS and media would rip him to shreds. That´s also a reason why I think the coins from Satoshis wallet will never be used, simply because it could be traced back. Yeah difficult but netheretherless possible. There might be a Satoshi out there who is absurdly wealthy, but does not have access to his fortune or can´t because of repercussions

I don't think we should research about that addresses where Satoshi stored his Bitcoins.
I should research about the present existence of Satoshi because if we can proof that Satoshi is alive then we may research about the keys of those addresses.

In my opinion, Though Satoshi is alive he won't be able to access those coins as he already lost or destroyed the keys. Because he must move coins at least one time from his wallet as Bitcoin already pumped a lot from the bottom.

So it's almost sure that those coins will be locked forever.

Israelites Records Found In Japan -The Gathering of Israel Continues.
- https://youtu.be/Mor4x9yMmAk

The Mystery of Jews in Japan ~ Susanoo-No-Mikoto Part I
- https://youtu.be/2Ae3rnNQqcM

Ancient stuff never ceased to amaze me. OP, do you think the mysterious tombs have a link to today's BTC in any way or are you using them as some kind of symbolism?

I mentioned here in an older post of mine how interesting it is that figures very similar to what we know today as "astronauts" appear in ancient symbols.


Heritage is a possibility. The spenders could be his/their kid(s) or grandchildren, meaning in a matter of 2-3 decades we'd see the coins move. It's usually the parents carefully accumulating the wealth through hard work and the kids deliberately spending it all once the parents die/hand them the wealth.

It might actually be better if the million coins moves soon. The decentralization of a million coins would long-term overpay the initial possible market dump.

If the coins are not going to be moved by satoshi, then I don't think they will be moved by somebody close to him, that leaves a question if there's even actually somebody close to him.

If satoshi had people close to him that could have access to his keys, there should have been a connection to him through them by now imo. I agree with the the researcher that satoshi would not spend his coins, but the reason why is what nobody knows, maybe cause he's dead, destroyed his keys, doesn't want to etc etc.