Topic: Tell me why Satoshi Nakamoto didn't spend a Satoshi from his 1 Mio BTC - page 2. (Read 8931 times)
April 23, 2016, 04:53:15 AM
Satoshi might not interest to spent bitcoin,they create it and leave it on his team,but i'm actually wondering what satoshi doing now with bitcoin,is he still concerna and care about bitcoin development.
April 22, 2016, 10:44:44 PM
I would like to think number 3 is very much possible lol
he must have lost it or purposely burn his access to his wallet so he can't spend it and so no matter what bitcoin will always have value.
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3. Satoshi lost the private keys of his early wallets
That would be a good reason to not spend a good part of your "now worth alot" coins. It would also be a reason for some people to commit suicide btw.
But: Would this be a reason to give up and give all the keys to somebody else? I doubt it, really...
That would be a good reason to not spend a good part of your "now worth alot" coins. It would also be a reason for some people to commit suicide btw.
But: Would this be a reason to give up and give all the keys to somebody else? I doubt it, really...
he must have lost it or purposely burn his access to his wallet so he can't spend it and so no matter what bitcoin will always have value.
April 22, 2016, 10:33:14 PM
It wasnt just one person, it was a key held by a group and destroyed collectively I think. It is a big question hanging over though. Its quite common to have a joint bank account in a business or similar and no one person can access unless all agree, I would guess it was done that way so that if one person did die with their part of the key then that certainly ends the possibility.
April 22, 2016, 01:00:05 PM
Actually, nobody could know except Satoshi. All his/her behaviour so far tends to that s(he) destroyed the private key of his/her account or s(he) still has the keys but he wants to give them away when Bitcoin becomes more mainstream. This is my theory. I do not believe anymore that there is a selfish reason for holding and not spending the Bitcoins.
April 22, 2016, 12:02:55 PM
Satoshi died on May 23, 2015.
is that true?if you joke about this,you should put kidding emoticon. sorry i'm just kidding man.but i never meet people that mentioning about satoshi dead,i'm wondering about this,tell me if that was true
April 22, 2016, 10:45:02 AM
Satoshi died on May 23, 2015.
April 22, 2016, 10:38:15 AM
If Satoshi was the genius that he is, then he would consider unfair that he would spend the coins that he mined when it wasn't a fair challenge. Rather than spending what would possibly be considered "premined" coins, he just holds them and spends from what he probably mined when Bitcoin was still new, but where it was fair game and many other people were mining. He probably has so many of those that he doesn't need to touch the others.
And his "disappearance" is nothing more than taking the anonymity of Bitcoin to the next level. It follows as logic.
And his "disappearance" is nothing more than taking the anonymity of Bitcoin to the next level. It follows as logic.
April 22, 2016, 10:13:20 AM
The early coins may also have been sold off-chain to other hodlers.
These could be the most collectible coins for historic reasons.
The collectible value being destroyed when they are moved on chain may be the reason for this.
So economic forces may keep these off chain.
These could be the most collectible coins for historic reasons.
The collectible value being destroyed when they are moved on chain may be the reason for this.
So economic forces may keep these off chain.
April 21, 2016, 09:23:24 PM
how do we know he didn't mine a lot of BTC to an unknown address during the early days and is spending them gradually?
This is exactly what I think happened, the coins which are untouched were attached to his identity and for him to become anonymous it was vital that he didn't touch those but.. he invented it, sure enough he must have mined a whole lot of it(even more what's there in his addresses) to other addresses and kept them aside and he must have sold a lot of them too when the price went up. April 21, 2016, 08:07:49 PM
@OP, probably never spent any because he doesn't need to, or doesn't want to. For all we know Satoshi is actually a decent person and has chosen to forget about those coins or destroyed the keys to either artificially inflate the value, or he just wanted to get the network going.
April 21, 2016, 08:02:58 PM
Can't we do a full blockchain analysis of bitcoin wallets that total to 100k+ BTC that haven't moved in the last 7+ years? How do we even how satoshi has 1 million BTC?
April 21, 2016, 07:43:27 PM
Maybe he just didn't want to disrupt the market with all his currency, but that's unlikely because he could sell small amounts like you said. Maybe he just didn't want to use the currency he invented.
March 23, 2016, 05:48:41 AM
how can we know that satoshi didnt used bitcoin?
I am quite sure satoshi used bitcoin, afterall its his hardwork to create bitcoin, maybe he spend it using a different name or maybe he didint used many bitcoins to keep the bitcoin price stable, up until now nobody sure who is Satoshi Nakamoto
I am quite sure satoshi used bitcoin, afterall its his hardwork to create bitcoin, maybe he spend it using a different name or maybe he didint used many bitcoins to keep the bitcoin price stable, up until now nobody sure who is Satoshi Nakamoto
March 23, 2016, 05:39:17 AM
Because up until the time he disappeared there pretty much wasn't anywhere to spend a single Satoshi? Maybe some socks but even they might have come long after. Even if there had been a healthy commerce scene I assume he would've been wary of spending on digital or real products for paranoia reasons.
Imagine you have a million Bitcoins and the price goes to 1000$ and more. Wouldn't you or any normal person sell at least some part of it? Don't tell me he doesn't care about money or he wants to wait for a higher price. This makes no sense.
He waits for the moment where Bitcoin will be a worldwide recognised way of payment, so he wouldn't have to exchange his money for paper with a number printed on it.
March 04, 2016, 03:30:07 AM
I still remain in my idea that satoshi is dead, i find impossible that a smart guy like satoshi could lost the private key of the early wallet
I too fear this may be a reason in my thoughts. Satoshi would have never lost his private keys as he was more aware of the important of private keys. But I too believe there would be multiple reasons (not a single or two) why Satoshi did not spend his coins. 
March 04, 2016, 02:15:52 AM
I think that "he" is an organisation, a group of companies or people
united in common goal witch is global curency.
That may be a case of him being employe, one person but just on a task
directed by others, unknown personas.
Any way, that single article can still be a work of fiction, if not this is the case of anonymity.
united in common goal witch is global curency.
That may be a case of him being employe, one person but just on a task
directed by others, unknown personas.
Any way, that single article can still be a work of fiction, if not this is the case of anonymity.
The question is, why would this group a.) never touch their money? b.) give all control to a stranger and disappear? c.) let hackers sneak into their email accounts without a reaction?
Further more, I don't think, that a group or even a group of companies wouldn't be able to keep it secret for more than a year - esp. when a billion $ is in the pot.
March 03, 2016, 04:56:51 PM
I think that "he" is an organisation, a group of companies or people
united in common goal witch is global curency.
That may be a case of him being employe, one person but just on a task
directed by others, unknown personas.
Any way, that single article can still be a work of fiction, if not this is the case of anonymity.
united in common goal witch is global curency.
That may be a case of him being employe, one person but just on a task
directed by others, unknown personas.
Any way, that single article can still be a work of fiction, if not this is the case of anonymity.
March 03, 2016, 04:42:56 PM
Because Satoshi Nakamoto is a fucking god
March 03, 2016, 03:34:41 PM
One thing to bear in mind when you're spending Bitcoin these days is that 9.5 times out of ten you're not spending Bitcoin. All you're using it for is as a convoluted way to send dollars. If I was Satoshi that would offend my purist sensibilities.
March 03, 2016, 03:31:17 PM
how do we know he didn't mine a lot of BTC to an unknown address during the early days and is spending them gradually?
He probably is doing that. Why wouldn't he want to use his own creation? He might have just bought a lot of Bitcoin in the early days and used a different address. Jump to: