Satoshi: The first anonymous USD Billionair

eternaluniverse

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Quote from: eternaluniverse on November 28, 2013, 11:56:30 AM

by spend money I mean spending like all of your money in the world. Once the 10million is gone you are bankrupt.

Am I allowed to incur debts?

Getting rid of all your assets is nearly impossible regardless of how much you start with. Having liabilities which exceed assets is easy, though.

Quote from: eternaluniverse on November 28, 2013, 11:56:30 AM

10million a month for a software project seems like a lot.

It wouldn't necessarily be on one software project. I have lots of them.

But if it had to be one, it could easily be one.

And that's just software projects. If I wanted to make an ASIC or something...

Quote from: eternaluniverse on November 28, 2013, 11:56:30 AM

Funny enough, that is how my dad made his money, but the best part about software is the low cost it takes to establish a business and for the most party you can run it in the beginning on IOU's and people's faith in you due to your past success.

Wow. I wish I knew what you knew.

Or maybe I wish I had your past successes

.

Quote from: eternaluniverse on November 28, 2013, 11:56:30 AM

I was under the impression with was Satoshi's life work. But if he is to use this as a stepping stone to something greater, I would want to be a part of it as I believe he is one of the great minds of our generation (this is all if hes one person)

I would say the fact that Satoshi chose to remain anonymous is nearly proof positive that the intent is to use this as a stepping stone to something greater.

Only if you have a plan on paying it off.

I know nothing, my dad is the successful one.

If that is the case, I am impatiently waiting for the next revolution he begins.

has been fun discussing this with you, I missed forums.

eternaluniverse

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by spend money I mean spending like all of your money in the world. Once the 10million is gone you are bankrupt.

10million a month for a software project seems like a lot. Funny enough, that is how my dad made his money, but the best part about software is the low cost it takes to establish a business and for the most party you can run it in the beginning on IOU's and people's faith in you due to your past success.

I was under the impression this was Satoshi's life work. But if he is to use this as a stepping stone to something greater, I would want to be a part of it as I believe he is one of the great minds of our generation (this is all if hes one person)

Ah I didn't hear about those reports but It wouldn't surprise me.

But absolutely, by satoshi also not being active, it gives these agencies less motivation to expose him. I also believe that the FBI and CIA are sitting on goldmines of information they can't admit they have.

eternaluniverse

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Quote from: eternaluniverse on November 28, 2013, 11:15:52 AM

You can't spend 10 million in a lifetime without trying very hard to do so.

I could spend 10 million in a month without trying very hard to do so.

During the Internet boom, I witnessed nouveau riche who blew $10 million in less than a year.

Quote from: eternaluniverse on November 28, 2013, 11:15:52 AM

Its alot harder to look for someone online that is not active as they have only look back on past record. Also, DPR was only caught from posting online without an alias (just as well, having his full name email linked to his acc)

No, that's the evidence that they used in the indictment. DPR most likely was caught through unconstitutional methods, and the post made online without an alias was just something the FBI found later in order to avoid their evidence being fruit of the poisonous tree.

Quote from: eternaluniverse on November 28, 2013, 11:15:52 AM

Satoshi was always "in character". Satoshi was a very careful man, i mean he tried to use american spelling on purpose to throw us off, if he was able use British grammar as a cover as well hes even more brilliant than I originally thought.

The fact that Satoshi wasn't consistent about it means that s/he wasn't perfectly careful.

No one is perfectly careful.

We are very different then as I couldn't spend more than 500,000 a year which is what you'd make off the interest (conservatively) on the 10million. I lived most of my life in a under 500,000 household and I think anything more than this would be excessive.

Possible, but I can't accept this statement as fact.

He was consistent, that is why is said he was always in character. He used british grammar and american spelling for all 80,000 of the words he wrote under satoshi nakamoto, with close to no spelling/grammar mistakes.

His identity not being known today has to be a testament to his ability to do so.

MikeCorleone

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alias

eternaluniverse

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You can't spend 10 million in a lifetime without trying very hard to do so. The interest on it alone on safe investments would last generations.
I don't think "they" are in it for a payday.

Its alot harder to look for someone online that is not active as they have only look back on past record. Also, DPR was only caught from posting online without an alias (just as well, having his full name email linked to his acc), Satoshi was always "in character". Satoshi was a very careful man, i mean he tried to use american spelling on purpose to throw us off, if he was able use British grammar as a cover as well hes even more brilliant than I originally thought.

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: Lauda on November 28, 2013, 10:27:21 AM

Quote from: ?? on ??

I really want to spill the beans. But I wont.... Yet. He has been on here atleast once in the last 4 days.... FACT

Fact? Huh.
His account is inactive for one:

Quote

Last Active: December 13, 2010, 04:45:41 PM

.

Or he doesn't log in.

eternaluniverse

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Quote from: eternaluniverse on November 28, 2013, 10:39:15 AM

That is why I say satoshi is not in it for the money, even if he was a group of 5-100 ppl they could of cashed out and lived comfortably with a minimum of 10million each.

Sounds to me like that means s/he is in it for the money, quite literally.

That is, if s/he's still alive and free. I think one can't ignore the fact that he disappeared right around the time the CIA started looking into Bitcoin.

I don't follow that logic, please explain.

I don't. I chose to believe the reasons behind that is because he thought that the CIA will attempt to get his identity regardless and it may be leaked at CIA agents families, not to mention the agents are not always 100% legitimate may just leak it to friends or for profit.

seems pretty silly to me if the Central Intelligence Agency would be fine with not knowing the identity of an active satoshi nakamoto.

eternaluniverse

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Quote from: DeboraMeeks on November 28, 2013, 10:29:18 AM

currently you can't sell a billion dollar btc's,or else the btc price on any exchanger will crash to $1 Tongue

,but seriously I doubt satoshi will ever spend them (or a considerable portion of it),most likely just be kept there.

Quote from: Lauda on November 28, 2013, 10:27:21 AM

Quote from: ?? on ??

I really want to spill the beans. But I wont.... Yet. He has been on here atleast once in the last 4 days.... FACT

Fact? Huh.
His account is inactive for one:

Quote

Last Active: December 13, 2010, 04:45:41 PM

.

I guess he means an alt account. not the satoshi one.

if your referring to my post that is why I said he could cash out 50 million with nothing more than a hiccup. Satoshi understands how the market works. I would assume he would break up his buys, which a lot of exchanges allow you to do, throughout the day. As to say he would cash out 1 billion dollars and leave bitcoin in lurch, unlikely. Most of us would a mysterious billionaire coming out of nowhere, unless he lives the rest of his life in secret on an island, for which he wouldn't need 1 billion, and for what purpose would he do this?

That is why I say satoshi is not in it for the money, even if he was a group of 5-100 ppl they could of cashed out and lived comfortably with a minimum of 10million each.

Lauda

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Quote from: DeboraMeeks on November 28, 2013, 10:29:18 AM

Quote from: Lauda on November 28, 2013, 10:27:21 AM

Quote from: ?? on ??

I really want to spill the beans. But I wont.... Yet. He has been on here atleast once in the last 4 days.... FACT

Fact? Huh.
His account is inactive for one:

Quote

Last Active: December 13, 2010, 04:45:41 PM

.

I guess he means an alt account. not the satoshi one.

This is why I've asked "fact?". It is not a fact. I could be satoshi, you could be satoshi, the government could be satoshi. I don't even know how he could prove this anymore.

DeboraMeeks

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currently you can't sell a billion dollar btc's,or else the btc price on any exchanger will crash to $1 Tongue

,but seriously I doubt satoshi will ever spend them (or a considerable portion of it),most likely just be kept there.

Quote from: Lauda on November 28, 2013, 10:27:21 AM

Quote from: ?? on ??

I really want to spill the beans. But I wont.... Yet. He has been on here atleast once in the last 4 days.... FACT

Fact? Huh.
His account is inactive for one:

Quote

Last Active: December 13, 2010, 04:45:41 PM

.

I guess he means an alt account. not the satoshi one.

Lauda

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Terminated.

Quote from: ?? on ??

I really want to spill the beans. But I wont.... Yet. He has been on here atleast once in the last 4 days.... FACT

Fact? Huh.
His account is inactive for one:

Quote

Last Active: December 13, 2010, 04:45:41 PM

.

eternaluniverse

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Quote from: Lewis2 on November 28, 2013, 08:11:07 AM

Quote from: eternaluniverse on November 28, 2013, 08:03:15 AM

I truly believe for him its not about the money and I suspect he will go his lifetime without touching any of the btc. So like many of the people above me said, this will just distribute that value to everyone else's bitcoins equally.

and the comment that he can stop world hunger etc. he has 1 billion dollars, countries have a considerable amount of those things, its not as easy or as cheap as you think to cure anything world wide.

I also don't think he is a socialist from what I have read I think he still sees the value in a capitalist free-market global economy.

It is not about the money for him? Great you have so much faith in a person you've never met that he would rather distribute $1000,000,000 among bitcoin users that using it himself. I don't, and he would be stupid if he (or she whoowhoop) did. His funds can be used in brighter ways than that.

if it was about the money when would he cash out? 5 million? 50 million? 500 million? 1billion? At this point if he was to even cash out 50million I don't believe it would even negatively effect the entire economy other than maybe temporarily. Essentially by him not using his coins hes bring up the value of everyone elses bitcoin.

Just because someone has money doesnt mean he has to do "good" he earned that money and he can do whatever he wants with it. Believe it or not I think he deserves the billion dollars, not many people could do what he could do.

Lewis2

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Quote from: eternaluniverse on November 28, 2013, 08:03:15 AM

I truly believe for him its not about the money and I suspect he will go his lifetime without touching any of the btc. So like many of the people above me said, this will just distribute that value to everyone else's bitcoins equally.

and the comment that he can stop world hunger etc. he has 1 billion dollars, countries have a considerable amount of those things, its not as easy or as cheap as you think to cure anything world wide.

I also don't think he is a socialist from what I have read I think he still sees the value in a capitalist free-market global economy.

It is not about the money for him? Great you have so much faith in a person you've never met that he would rather distribute $1000,000,000 among bitcoin users that using it himself. I don't, and he would be stupid if he (or she whoowhoop) did. His funds can be used in brighter ways than that.

gagalady

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Satoshi is rich...

Trade101

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Bitstamp trader

i wonder how many of this coins are already lost. satoshi was around before paperwallets and so on became popular, maybe he has really lost
a few of this big addresses already (some haven´t been accessed for over a year according to blockchain.info)

eternaluniverse

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I truly believe for him its not about the money and I suspect he will go his lifetime without touching any of the btc. So like many of the people above me said, this will just distribute that value to everyone else's bitcoins equally.

and the comment that he can stop world hunger etc. he has 1 billion dollars, countries have a considerable amount of those things, its not as easy or as cheap as you think to cure anything world wide.

I also don't think he is a socialist from what I have read I think he still sees the value in a capitalist free-market global economy.

Lauda

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Quote from: Praxis on November 28, 2013, 07:54:36 AM

Quote from: Cubic Earth on November 27, 2013, 12:02:57 PM

The dude could have be holed up in his parents basement, wearing dirty underwear and popping pills. Truly amazing they have managed to amass so much wealth and their identity remains not publicly known. That fact alone is a testament to the power of Bitcoin and an example of one of the many ways in which it is going to change the world.

What makes you think it was a dude?
Maybe a corporation (or more corporations)?
It's even possible the US Intelligence Agencies or the Army are behind it.

Remember the Internet started as a project by the US Army.

I'd rather think that it was a sexy Asian chick, but that's just me. Cheesy

Praxis

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Quote from: Cubic Earth on November 27, 2013, 12:02:57 PM

The dude could have be holed up in his parents basement, wearing dirty underwear and popping pills. Truly amazing they have managed to amass so much wealth and their identity remains not publicly known. That fact alone is a testament to the power of Bitcoin and an example of one of the many ways in which it is going to change the world.

What makes you think it was a dude?
Maybe a corporation (or more corporations)?
It's even possible the US Intelligence Agencies or the Army are behind it.

Remember the Internet started as a project by the US Army.

melacs

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I guess the 'famous' coins that everyone knows are only accessible by Satoshi will never be spent. Unless there is a serious problem and they would need to be spent.
It would be cool though if they were spread around the world in paper wallets of 50 or 25. They could be anywhere. This would be the perfect way to create mass confusion so no one would know if Satoshi spent the coins or a lucky finder. Of course the inflow of coins could reduce the price.
As stated before, Satoshi is not just one person, but the main person of the group could be considered Satoshi.
I have a new theory on who Satoshi is (not one of the usual suggestions and based on cryptology of the name and Japanese characters) but I am not sure I should post it open. I also don't have a way of contacting the person directly (only the company he owns) so that would make it awkward to ask. No matter whether I'm wrong or right, I would only trouble the person.
If I'm right the person comes from a wealthy family (at least his father is total elite) and that would mean that money was never an issue. It would also mean that he isn't that young anymore and it would make sense for him to leave everything to a younger generation.

Lauda

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Quote from: bryant.coleman on November 27, 2013, 10:07:52 PM

Satoshi never existed. No one currently holds anyway near a billion USD in Bitcoins. (For that they need to have 1 million BTCs, which is near impossible).

I seriously doubt whether any individual hold more than 100,000 BTCs. Winkelwii might be the topomost... but even they don't have anyway near a million BTCs.

Yes he holds almost 1mil BTC, stop spreading incorrect information.

Topic: Satoshi: The first anonymous USD Billionair (Read 4831 times)