December 21, 2024, 04:53:24 AM

Welcome, Guest

News: Latest Bitcoin Core release: 28.0 [Torrent]

Bitcoin Forum>Economy>Economics>Speculation

Pages:

Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22053. (Read 26608361 times)

Cconvert2G36

sr. member

Activity: 392

Merit: 250

Quote from: Dump3er on April 10, 2015, 01:59:59 PM

Be more emphatic please! Today they got dumped again, so they are all a bit pissed off.

Oh she's plenty emphatic in the delivery. You might have meant empathetic... which will always be in short supply in a game where the winners derive gain directly from the losers.

It would be folly to assume anything other than satoshi still controlling the keys to each and every one of his coins. Not a shred of credible evidence has been provided to suggest otherwise.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: adamstgBit on April 10, 2015, 02:20:18 PM

i read a thread with compelling reasoning that all 1M coins are in fact lost forever

I think I saw that post, as well. But I believe they were merely voicing assumptions and failed to present a single piece of real evidence to back those claims, unfortunately. But I also believe that a lot of those coins may have been lost the second they were mined.

Sitarow

legendary

Legendary level

Activity: 1792

Merit: 1047

Quote from: adamstgBit on April 10, 2015, 02:20:18 PM

Quote from: Torque on April 10, 2015, 02:17:05 PM

Quote from: JorgeStolfi on April 10, 2015, 02:07:45 PM

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

It occurred to me another possible reason why Satoshi was so careful to preserve his anonymity, and has not cashed those million BTC that are known to belong to him.

Suppose bitcoin were to crash relatively quickly, leaving thousands of late investors with a couple billion dollars of losses.

Those losers would then see themselves, rightly or wrongly, as the victims of a giant pyramid scheme, that moved those billions from their pockets to the pockets of miners, early investors, and a smattering of thieves, scammers, and assorted middlemen.

Those losers would probably want to sue the culprits to recover their losses. Prosecutors would want to charge them with the crime of running a pyramid scheme. Whom would they target?

The early adopters and miners can excuse themselves by saying that they just believed the whitepaper and acted openly and honestly according to it.

So it would all fall on the guy who conceived the schema, wrote and distributed the software, set the network running, recruited the first members --- and made the most profit from it...

(Only half " Grin

Grin

")

Who's to say he even cares anymore? Or the private keys to those early wallets are long gone?

People keep bringing up Satoshi's supposed 1M coins as a cause for concern. Yet seemingly little concern for other cryptos with $M's worth of early miner coins (yeah Litecoin, I'm looking at you....fair distribution, creator holds virtually none, yet the top 100 Litecoin wallets hold ~7M LTC, with the top wallet holding 9.2%) and early pre-mine crap (RippleLabs holding 50%, etc.)

So the point is, one crypto is just as good as another these days (in terms of distribution of who holds what). So back the leading horse that makes decent sense and just go with it.

i read a thread with compelling reasoning that all 1M coins are in fact lost forever

Forever is a subjective thing. I would be more inclined to state they are out of reach by normal means.

adamstgBit

legendary

Legendary level

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Torque on April 10, 2015, 02:17:05 PM

Quote from: JorgeStolfi on April 10, 2015, 02:07:45 PM

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

It occurred to me another possible reason why Satoshi was so careful to preserve his anonymity, and has not cashed those million BTC that are known to belong to him.

Suppose bitcoin were to crash relatively quickly, leaving thousands of late investors with a couple billion dollars of losses.

Those losers would then see themselves, rightly or wrongly, as the victims of a giant pyramid scheme, that moved those billions from their pockets to the pockets of miners, early investors, and a smattering of thieves, scammers, and assorted middlemen.

Those losers would probably want to sue the culprits to recover their losses. Prosecutors would want to charge them with the crime of running a pyramid scheme. Whom would they target?

The early adopters and miners can excuse themselves by saying that they just believed the whitepaper and acted openly and honestly according to it.

So it would all fall on the guy who conceived the schema, wrote and distributed the software, set the network running, recruited the first members --- and made the most profit from it...

(Only half " Grin

Grin

")

Who's to say he even cares anymore? Or the private keys to those early wallets are long gone?

People keep bringing up Satoshi's supposed 1M coins as a cause for concern. Yet seemingly little concern for other cryptos with $M's worth of early miner coins (yeah Litecoin, I'm looking at you....fair distribution, creator holds virtually none, yet the top 100 Litecoin wallets hold ~7M LTC, with the top wallet holding 9.2%) and early pre-mine crap (RippleLabs holding 50%, etc.)

So the point is, one crypto is just as good as another these days (in terms of distribution of who holds what). So back the leading horse that makes decent sense and just go with it.

i read a thread with compelling reasoning that all 1M coins are in fact lost forever

Torque

legendary

Legendary level

Activity: 3780

Merit: 5429

Quote from: JorgeStolfi on April 10, 2015, 02:07:45 PM

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

It occurred to me another possible reason why Satoshi was so careful to preserve his anonymity, and has not cashed those million BTC that are known to belong to him.

Suppose bitcoin were to crash relatively quickly, leaving thousands of late investors with a couple billion dollars of losses.

Those losers would then see themselves, rightly or wrongly, as the victims of a giant pyramid scheme, that moved those billions from their pockets to the pockets of miners, early investors, and a smattering of thieves, scammers, and assorted middlemen.

Those losers would probably want to sue the culprits to recover their losses. Prosecutors would want to charge them with the crime of running a pyramid scheme. Whom would they target?

The early adopters and miners can excuse themselves by saying that they just believed the whitepaper and acted openly and honestly according to it.

So it would all fall on the guy who conceived the schema, wrote and distributed the software, set the network running, recruited the first members --- and made the most profit from it...

(Only half " Grin

Grin

")

Who's to say he even cares anymore? Or the private keys to those early wallets are long gone?

People keep bringing up Satoshi's supposed 1M coins as a cause for concern. Yet seemingly little concern for other cryptos with $M's worth of early miner coins (yeah Litecoin, I'm looking at you....fair distribution, creator holds virtually none, yet the top 100 Litecoin wallets hold ~7M LTC, with the top wallet holding 9.2%) and early pre-mine crap or pre-created crap (RippleLabs holding 50%, etc.)

So the point is, one crypto is just as good as another these days (in terms of distribution of who holds what). So back the leading horse that makes decent (or the most) sense and just go with it.

Sitarow

legendary

Legendary level

Activity: 1792

Merit: 1047

Quote from: ?? on ??

Quote from: Sitarow on April 10, 2015, 02:05:33 PM

Quote from: Dump3er on April 10, 2015, 01:59:59 PM

Quote from: ?? on ??

Quote from: dropt on April 10, 2015, 01:49:13 PM

Quote from: ?? on ??

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

"I have ways of making money that you know nothing of"-Satoshi D. Nakamoto

" My greatest achievement in life was making shit up on the internet" -jhgfdfghjgf

Wonder why Satoshi left this forum in disgust? You fellows seem so friendly and polite, a real joy to be around.

Be more emphatic please! Today they got dumped again, so they are all a bit pissed off.

"Your purpose may not be evident yet. However if you crave some cosmic purpose, then find yourself a worthy goal." -jhgfdfghjgf

I have never spoken those words. Stop misquoting me, you know nothing of my work.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: Fatman3001 on April 10, 2015, 02:06:29 PM

Bu-friggin-hu!!! We wave the white flag now. Can we get this mofo confirmed so we can get on with the bull market, please?

Care to elaborate? Maybe on a chart or something. Love getting to know more "obscure" TA indicators and patterns. The way I see it, it's a bear-fest Sad

Sad

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

It occurred to me another possible reason why Satoshi was so careful to preserve his anonymity, and has not cashed those million BTC that are known to belong to him.

Suppose bitcoin were to crash relatively quickly, leaving thousands of late investors with a couple billion dollars of losses.

Those losers would then see themselves, rightly or wrongly, as the victims of a giant pyramid scheme, that moved those billions from their pockets to the pockets of miners, early investors, and a smattering of thieves, scammers, and assorted middlemen.

Those losers would probably want to sue the culprits to recover their losses. Prosecutors would want to charge them with the crime of running a pyramid scheme. Whom would they target?

The early adopters and miners can excuse themselves by saying that they just believed the whitepaper and acted openly and honestly according to it.

So it would all fall on the guy who conceived the schema, wrote and distributed the software, set the network running, recruited the first members --- and made the most profit from it...

(Only half " Grin

Grin

")

Fatman3001

legendary

Legendary level

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Bu-friggin-hu!!! We wave the white flag now. Can we get this mofo confirmed so we can get on with the bull market, please?

Sitarow

legendary

Legendary level

Activity: 1792

Merit: 1047

Quote from: Dump3er on April 10, 2015, 01:59:59 PM

Quote from: ?? on ??

Quote from: dropt on April 10, 2015, 01:49:13 PM

Quote from: ?? on ??

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

"I have ways of making money that you know nothing of"-Satoshi D. Nakamoto

" My greatest achievement in life was making shit up on the internet" -jhgfdfghjgf

Wonder why Satoshi left this forum in disgust? You fellows seem so friendly and polite, a real joy to be around.

Be more emphatic please! Today they got dumped again, so they are all a bit pissed off.

"Your purpose may not be evident yet. However if you crave some cosmic purpose, then find yourself a worthy goal." -jhgfdfghjgf

Dump3er

hero member

Activity: 1526

Merit: 597

Quote from: ?? on ??

Quote from: dropt on April 10, 2015, 01:49:13 PM

Quote from: ?? on ??

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

"I have ways of making money that you know nothing of"-Satoshi D. Nakamoto

" My greatest achievement in life was making shit up on the internet" -jhgfdfghjgf

Wonder why Satoshi left this forum in disgust? You fellows seem so friendly and polite, a real joy to be around.

Be more emphatic please! Today they got dumped again, so they are all a bit pissed off.

ChartBuddy

legendary

Legendary level

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: 12345mm on April 10, 2015, 01:52:15 PM

Quote from: fonsie on April 10, 2015, 01:28:31 PM

Quote from: 12345mm on April 10, 2015, 01:26:05 PM

unless someone starts buying with a billion or two fake dollars again

Phew, if that's all it takes... They print those everyday in abundance. I think we will be alright.

yeah ... difference is ... that cash actually exists ... and won't be spent on btc ... and no sane billionaire would ever touch this joke market (we can always hope for an insane billionaire though Tongue

Tongue

)... what we need is an exchange to spend a couple billion dollars that *doesn't come from anywhere* that they just assign to their own exchange books out of nowhere ... yknow ... like mtgox did to bring us from $20 to $1200 ...

satoshi is either dead , locked up in a mental institution / jail / someone's basement , or so ashamed of what btc has become that he's voluntarily living in exile , or yknow ... doesn't exist at all and is just part of the sham from the get-go for the purpose of creating a heroic pseudoreligious mythos / those coins are the last step of the scam / being held onto just in case we actually reach some beyond beyond beyond nuts valuation ...

Doesn't need a billionaire. They don't care making some petty cash while already having more than the total market cap. But there are enough medium-sized investors willing to put money into it.

12345mm

sr. member

Activity: 406

Merit: 250

Quote from: fonsie on April 10, 2015, 01:28:31 PM

Quote from: 12345mm on April 10, 2015, 01:26:05 PM

unless someone starts buying with a billion or two fake dollars again

Phew, if that's all it takes... They print those everyday in abundance. I think we will be alright.

yeah ... difference is ... that cash actually exists ... and won't be spent on btc ... and no sane billionaire would ever touch this joke market (we can always hope for an insane billionaire though Tongue

Tongue

)... what we need is an exchange to spend a couple billion dollars that *doesn't come from anywhere* that they just assign to their own exchange books out of nowhere ... yknow ... like mtgox did to bring us from $20 to $1200 ...

satoshi is either dead , locked up in a mental institution / jail / someone's basement , or so ashamed of what btc has become that he's voluntarily living in exile , or yknow ... doesn't exist at all and is just part of the sham from the get-go for the purpose of creating a heroic pseudoreligious mythos / those coins are the last step of the scam / being held onto just in case we actually reach some beyond beyond beyond nuts valuation ...

dropt

legendary

Legendary level

Activity: 1512

Merit: 1000

Quote from: ?? on ??

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

"I have ways of making money that you know nothing of"-Satoshi D. Nakamoto

" My greatest achievement in life was making shit up on the internet" -jhgfdfghjgf

fonsie

sr. member

Activity: 434

Merit: 250

So long, farewell
Auf Wiedersehen, goodnight
I hate to go and leave this pretty sight

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: dropt on April 10, 2015, 01:42:00 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

Then again, we don't even know if he even (still) holds the keys to the coins. If he ever held the keys. I think it would've been against his desire to make Bitcoin decentralized to hoard that many coins!

luckygenough56

legendary

Legendary level

Activity: 1526

Merit: 1012

Quote from: fonsie on April 10, 2015, 01:38:40 PM

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

WOW, this guy doesn't even try to come up with a username. New levels reached.

bearish

8up

hero member

Activity: 618

Merit: 500

Is this the stairway to heaven? We will miss you - Pittycoins. Cry

Cry

https://www.youtube.com/watch?v=w9TGj2jrJk8

dropt

legendary

Legendary level

Activity: 1512

Merit: 1000

Quote from: ?? on ??

"Can't believe they fell for it lol."-Satoshi Nakamoto

As he sits on a million BTC instead of cashing out at any point. Yeah, well thought out proposition you've made there.

Pages:

Bitcoin Forum>Economy>Economics>Speculation

Jump to: