speculation on satoshis coins - page 2.

quentincole32

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Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

So,we all had chance to lost our bitcoin because he/she (they) stole our bitcoin?i think even they can acces our private key,they will not do that,having a milion bitcoin is enough for them,and i dont think its possible to happen.

tobacco123

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If this happen I think it will be a good news for long term stability of bitcoin. He can only off-load them once and the impact will be absorbed with time. I am not worry about this at all.

jukka

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Quote from: bri912678 on May 25, 2016, 07:44:57 AM

Quote from: jukka on May 25, 2016, 05:22:42 AM

Quote from: Edwardard on May 25, 2016, 12:59:00 AM

Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

i think he may be waiting for the right time because he may know that btc price will sky rocket in a few years. its just my opinion.

but if the price would "sky rocket" the price would also suffer significantly if those coins would come to market. so i dont think that this is the case.

If Satoshi had moved his coins when Bitcoin was at $1000 it would have crashed back to $150 overnight. Those coins starting to move would make more panic than the MtGox hack did. If Satoshi ever dumps them he would have to take a giant haircut off the going rate.

yep, i totally agree that people would panic if he would start moving his coins. but if he then would not dump them but just would start spreading them thru exchanges etc, i think that the price would stabilize. would take a while though.

bri912678

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Quote from: jukka on May 25, 2016, 05:22:42 AM

Quote from: Edwardard on May 25, 2016, 12:59:00 AM

Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

i think he may be waiting for the right time because he may know that btc price will sky rocket in a few years. its just my opinion.

but if the price would "sky rocket" the price would also suffer significantly if those coins would come to market. so i dont think that this is the case.

If Satoshi had moved his coins when Bitcoin was at $1000 it would have crashed back to $150 overnight. Those coins starting to move would make more panic than the MtGox hack did. If Satoshi ever dumps them he would have to take a giant haircut off the going rate.

jukka

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Quote from: Edwardard on May 25, 2016, 12:59:00 AM

Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

i think he may be waiting for the right time because he may know that btc price will sky rocket in a few years. its just my opinion.

but if the price would "sky rocket" the price would also suffer significantly if those coins would come to market. so i dont think that this is the case.

jukka

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Quote from: Cyaren on May 25, 2016, 01:57:02 AM

My guess is that they understand the risks associated with spending or dumping the coins on the open market when their technology is still in the adoption stage. This will lead to a huge drop in bitcoin price and can potentially kill the whole project.

i think that this could be the case. they might be so proud of their project that they dont want to risk it and even face all the accusations if been revealed.

if this really is the reason i must say that they have really good nerves and/or they already have enough money.

bitcoineverything

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InvestnTrade. Latest from the crypto space.

Maybe that is one of his/her/their mysterious plans as how they mysteriously hid his/her/their identity.

Cyaren

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Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

Perhaps he has lost the private keys and complete access to these coins, but it's probably not for that reason. Let's assume that they/he/she still owns the private keys currently.

My guess is that they understand the risks associated with spending or dumping the coins on the open market when their technology is still in the adoption stage. This will lead to a huge drop in bitcoin price and can potentially kill the whole project.

Edwardard

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Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

i think he may be waiting for the right time because he may know that btc price will sky rocket in a few years. its just my opinion.

Kakmakr

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The use of those coins has tax implications. He cannot be taxed on something he made no profit from and Capital Gain only come into affect, when you sell or used those coins. I still think Satoshi is dead or they are a group of people, who wants to stay anonymous. They most probably have enough other coins to keep them going for some years.

Indrawan77

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If lets say all of the things that you say is correct, i think satoshi is spending the coin, i think it is also make sense that satoshi spending the coin because its his/her hardwork to create bitcoin

Rubberduckie

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Like others have said I agree

Im sure he wouldnt mind selling some but even if he/she moves 1
coin it will blow up and there will be 1000 threads on this forum
immediately started.

lister storm

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Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.

why hasnt he/she spend or even moved those coins? any speculation?

i think that the creator of bitcoins satoshi just wants the bitcoins to be a good currency thats why those coins are just sitting unspendable and they most probably will not be sold

i think that we are safe that those coins will never be moved so we will never have any trouble about a really fast dump that might happen one day because of fast selling of coins

Lauda

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Quote from: jukka on May 24, 2016, 06:10:19 AM

yep, that is a lot of assumptions.

Nobody can really tell you anything specific as there are a lot of assumptions and we are practically in the space of baseless speculation.

Quote from: jukka on May 24, 2016, 06:10:19 AM

i was thinking that could there be some ideological or even political reason behind.

There might be; we don't know, ergo we are speculating.

Quote from: jukka on May 24, 2016, 06:12:19 AM

yep, couldnt satoshi just circulate the coins thru so many addresses that people wouldnt any more know the origin? is that possible?

Yes, but it isn't really easy to lose the trace of the 'owner' unless they flush them out via a mixer, services (e.g. gambling) or exchanging into altcoin.

jukka

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any other thoughts?

Herbert2020

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there is a lot of speculation about satoshi and his stash and there always will be, some say satoshi is dead some say satoshi has lost the private keys. this last one of course seems silly to me!

Quote from: Labumi on May 24, 2016, 05:37:11 AM

If this occurs, then there is a chance that the price of the Bitcoin is no longer of this size. Because the coins are distributed will be very abundant and the price will not be useful. The same with just a total number of Dogecoin.

i don't think it is that big a threat, although it can hit the price hard.
also i don't understand why you compared bitcoin with 15 mil available coins with Dogecoin with 104 billion available coins!!

jukka

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Quote from: Lauda on May 24, 2016, 06:04:36 AM

Quote from: jukka on May 24, 2016, 05:55:39 AM

yep, i know that people would notice that in minutes, but i dont think that moving them would reveal his identity.

Just moving from one address to another wouldn't do anything, correct.

yep, couldnt satoshi just circulate the coins thru so many addresses that people wouldnt any more know the origin? is that possible?

jukka

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Quote from: Lauda on May 24, 2016, 06:04:36 AM

Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.
why hasnt he/she spend or even moved those coins? any speculation?

Exactly why would they? You've made 3 assumptions: 1) Satoshi is alive; 2) Satoshi has access to his keys; 3) Satoshi needs the money. That is a lot of assumptions.

yep, that is a lot of assumptions.

if 1 and 2 are true, it could be that they are so rich that they dont need the money. that is a good alternative.

i was thinking that could there be some ideological or even political reason behind.

Lauda

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Quote from: jukka on May 24, 2016, 05:18:08 AM

lets assume that satoshi has that huge bag of coins. lets also assume that he/she (they?) is still alive and has still access to the private keys.
why hasnt he/she spend or even moved those coins? any speculation?

Exactly why would they? You've made 3 assumptions: 1) Satoshi is alive; 2) Satoshi has access to his keys; 3) Satoshi needs the money. That is a lot of assumptions.

Quote from: Labumi on May 24, 2016, 05:37:11 AM

If this occurs, then there is a chance that the price of the Bitcoin is no longer of this size.

Only if the average holder panics.

Quote from: jukka on May 24, 2016, 05:55:39 AM

yep, i know that people would notice that in minutes, but i dont think that moving them would reveal his identity.

Just moving from one address to another wouldn't do anything, correct.

jukka

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question to those who were here in the dawn, was there any discussions about his coins in the early days?

Topic: speculation on satoshis coins - page 2. (Read 1996 times)