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Topic: What will Satoshi Nakamoto do with his Bitcoins? - page 2. (Read 2653 times)

hero member
Activity: 756
Merit: 500
hmm, i dont think satoshi will ever move his coins tbh, i actually think he died. its been so long since he even said anything on the internet. i know he doesnt wanna expose himself. but even posting anonymously would show hes still alive.
sr. member
Activity: 294
Merit: 250
Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?


satoshi nakamoto will give that amount for charity Wink i he really creator of bitcoin,they dont want to use it anymore,i believe he have so many money and other assets.
hero member
Activity: 770
Merit: 500
if i were satoshi i wouldnt do anything with it, but there are a variety of options, for example to sell it
legendary
Activity: 1288
Merit: 1000
Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?




With this amount of money one could help significantly in solving big social issues of mankind, such as hunger or several tropical diseases.
No, no amount of money will cure hunger problem in any place, not for long at least. Giving people the money is not the right way of solving problems.
You want to give them fishing rod, not the fish. And why the hell Satoshi should be giving his money to anyone in the first place?
legendary
Activity: 1358
Merit: 1093
He will give me at least 1,000 BTC for being a BTC supporter. Just kiddin... I have no idea honestly.
legendary
Activity: 3206
Merit: 1885
Metawin.com
I think satoshi will just leave the coins in peace just for display we will never know theres many things he could plan with that huge amount of bitcoins.
hero member
Activity: 1039
Merit: 510
He could also distribute the coins at some point among all coin holders for being the first advocates of his invention or set up a Bitcoin fund where every citizen in the world can claim a bit of Satoshis.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
I think for now (unless needed), it won't be used at all but in the future, could be used for further funding different BTCitcoin projects he have or to pay developers for further continuation of work or perhaps saving it for the right time to open his own big company that will hire thousand people to work for him (in case he comes out). At the end of the day, were just guessing unfortunately.
hero member
Activity: 518
Merit: 500
Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?


I think satoshi nakamoto will not spend it all. it will make bitcoin waver, because he has a lot of bitcoin
sr. member
Activity: 300
Merit: 250
Nakedbitcoins.com !
Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?


certainly he will keep it. he will not spend it all

hodl no doubt.
sr. member
Activity: 420
Merit: 250
Let us assume Satoshi Nakamoto really owns 1148800 BTC.

(https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/)

What is he most likely going to do with them?

What could he do with it that would best help Bitcoin to succeed?


certainly he will keep it. he will not spend it all
legendary
Activity: 3416
Merit: 1142
Ιntergalactic Conciliator
If we all accept that Satoshi Nakamoto was the first AI that travel from the future then......a......wew....asd
sr. member
Activity: 326
Merit: 250
I think he is also waiting for next halving  Grin like us, so that even he can sell all his coins and be the richest man of the world, but I believe he won't be thinking of bitcoins at a moment, he might be doing research on some new crypto.

This probably, in all reality, would never happen... the minute Satoshi takes bitcoin out of his wallet and puts it into an exchange, EVERYONE would know... especially on here.  People tend to be really on top of that for some reason.  But again, this poses a huge problem, and in my opinion, absolutely ridiculous. 

Everyone got into Bitcoin early on to be their "own bank".... Where they are financially secure and can do whatever they wanted with their Bitcoin stash.  Now, the fact that the creator of the currency we love so much can't so much as lay a single theoretical finger on his stash because it would plummet the price of bitcoin and cause a mass paranoia about whether Satoshi is selling out or not, is absolute insanity.

I think everyone would dump their Bitcoins the second Satoshi takes Bitcoins out of his wallet, and I often wonder how low the price would crash. It would rapidly drop below $100 and the panic could maybe drive it down to $10 or $20. It would rise back up again afterwards, but I wonder how far and how fast.
hero member
Activity: 672
Merit: 501
Sadly for him, he can't touch those coins, even if he wanted to, he might be still using bitcoins but the ones tagged to the name Satoshi's address will most probably stay there for ever.
hero member
Activity: 1456
Merit: 578
HODLing is an art, not just a word...
satoshi is most probably going to leave all of those coins stay the way they are, which is untouched.

if they start to move, there can be a lot of panic in the market.
sr. member
Activity: 350
Merit: 250
Shit, did I leave the stove on?
He will donate it to charities and poor people in the world so that there will be equality on earth. Or he will just keep it to himself, forever untouched, untainted and unspent.

We are more than 7 billion people on Earth and I don't think $400 million will do much of a difference in establishing equality as the wealth is concentrated in 1% of the world population. Every multibillionaire must donate at least a billion to make this work Smiley
legendary
Activity: 1316
Merit: 1004
I think he is also waiting for next halving  Grin like us, so that even he can sell all his coins and be the richest man of the world, but I believe he won't be thinking of bitcoins at a moment, he might be doing research on some new crypto.

This probably, in all reality, would never happen... the minute Satoshi takes bitcoin out of his wallet and puts it into an exchange, EVERYONE would know... especially on here.  People tend to be really on top of that for some reason.  But again, this poses a huge problem, and in my opinion, absolutely ridiculous. 

Everyone got into Bitcoin early on to be their "own bank".... Where they are financially secure and can do whatever they wanted with their Bitcoin stash.  Now, the fact that the creator of the currency we love so much can't so much as lay a single theoretical finger on his stash because it would plummet the price of bitcoin and cause a mass paranoia about whether Satoshi is selling out or not, is absolute insanity.
legendary
Activity: 1316
Merit: 1004
Why in the world are you interested in what someone does with his stash of coins, someone who hasn't been either identified nor has been heard from for years?

There should a separate "Satoshi Paranoids" section in speculation board, for these questions

I really don't know, and that's a problem when it comes to Bitcoin and the fungibility issue with Bitcoin... Satoshi's BTC stash would garner way more value than the current price tag per bitcoin, because of the history and legacy that comes with that stash.  This is really an issue, because even though Satoshi the "person" or "entity" is anonymous in a way, his wallet isn't.  So if people start seeing that there is some type of movement of Bitcoin's out of his wallet, this creates some sort of unwanted panick... which is absolutely ludicrous.

If Bitcoin is to be regarded as the digital "cash" that it wants to be labeled, then there should be no trace back.  Now that's another topic of whether people really want an anonymous cash like this, but the fact of the matter is that people simply can't say that Bitcoin is internet "cash"... it's more like an internet open ledger where everyone and anyone can see who transacted X amount of money to someone else.  Just think about what kind of shit storm this would bring up if this were to be done with fiat today... absolute insanity.
legendary
Activity: 2184
Merit: 1069
He will donate it to charities and poor people in the world so that there will be equality on earth. Or he will just keep it to himself, forever untouched, untainted and unspent.
sr. member
Activity: 287
Merit: 250
I think he is also waiting for next halving  Grin like us, so that even he can sell all his coins and be the richest man of the world, but I believe he won't be thinking of bitcoins at a moment, he might be doing research on some new crypto.
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