Pages:
Author

Topic: What will Satoshi Nakamoto do with his Bitcoins? - page 3. (Read 2653 times)

sr. member
Activity: 504
Merit: 250
it would be dumb if he would actually decide to sell all his bitcoins because it would dump the price
sr. member
Activity: 434
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?




With this amount of money one could help significantly in solving big social issues of mankind, such as hunger or several tropical diseases.

Wow, ok let's hope he starts making more vaccines!

Lmao. If Satoshi Nakamoto really owns 1148800 BTC, he can be the richest person in the world. But if he really owns it i hope he can make bitcoin more better from all aspect.
legendary
Activity: 3374
Merit: 1824
The moment he touch any of those coins, the price will plummet and everyone will start to sell. The biggest fear from most of the people invested in Bitcoin,

would be for Satoshi to start selling those coins. Most of the people who pre-mined Alt coins, turned out to be pump n dumps or scams. Those coins are

the difference between Bitcoin being a scam or being legit. {for me, anyway}  Roll Eyes

You are right.
I don't think he will do something like this and destroy his vision, his ''child'' Smiley
I personally think that Satoshi is organization, not individual (BTC it's to complex for one person) and I'm sure that each person in this organization have enough BTC in his/her wallet.
So, no need to worry.
legendary
Activity: 1133
Merit: 1050
I don't understand what those things are for?

They don't seem to be mining equipment, what are they?

That's exactly what they're for. Read the specs.
legendary
Activity: 1904
Merit: 1073
The moment he touch any of those coins, the price will plummet and everyone will start to sell. The biggest fear from most of the people invested in Bitcoin,

would be for Satoshi to start selling those coins. Most of the people who pre-mined Alt coins, turned out to be pump n dumps or scams. Those coins are

the difference between Bitcoin being a scam or being legit. {for me, anyway}  Roll Eyes
sr. member
Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
i think satoshi will just hold it or destroy the private keys in order to avoid the problems with bitcoin, that would be the best idea
sr. member
Activity: 293
Merit: 250
We are even not sure if he is still alive or all that are his coins (keys could easy be lost in first days of Bitcoin due to testing and stuff like that). I bet Satoshi have lot of Bitcoins hidden here and there so he will not touch these famous addresses anytime soon even if he still control them.

That's a huge probability.

In the early days btc was not valuable at all. It wouldn't be incredible to see someone loosing access to thousands of bitcoins just by forgetting things ^^
legendary
Activity: 3206
Merit: 1069
invest them to make sure that his creation(bitcoin) will be success

i don't see him dumping just for whores, big villa and drug to be honest....
hero member
Activity: 924
Merit: 1000
he will just watch them but can't move, if he moved coins from his well known wallets then he will traced and get into trouble.thats why these coins aren't moved.
hero member
Activity: 616
Merit: 500
1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr
We are even not sure if he is still alive or all that are his coins (keys could easy be lost in first days of Bitcoin due to testing and stuff like that). I bet Satoshi have lot of Bitcoins hidden here and there so he will not touch these famous addresses anytime soon even if he still control them.
legendary
Activity: 1610
Merit: 1183
He might slowly mix the coins in his less famous wallets and use it to pay bills or buy some stuff that he needs and live his life like he normally would.

Im sure he has cashed out some money already from other addresses that nobody knows it's theirs, so he will leave those untouched I guess. And we will never know if when (if it ever does) move, that the one moving the coins of those addresses is really satoshi nakamoto or someone else, because it's impossible to know at this point, since his wallet could have been compromised.
sr. member
Activity: 293
Merit: 250
Buy a few of these and double up  Cool  http://bitfury.com/products/#container-datacenter



I don't understand what those things are for?

They don't seem to be mining equipment, what are they?
legendary
Activity: 1133
Merit: 1050
Buy a few of these and double up  Cool  http://bitfury.com/products/#container-datacenter

hero member
Activity: 798
Merit: 1000
Move On !!!!!!
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
hero member
Activity: 756
Merit: 500
Maybe distribute to third world countries or the poor.  If I had that much Bitcoin I would be a philanthropist, wishful thinking.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
He might slowly mix the coins in his less famous wallets and use it to pay bills or buy some stuff that he needs and live his life like he normally would.

Pay bills & live life like he normally would?

WUT

You do realise the value of his known bitcoin stash is over 400 million USD?

He might sell some coins but it'd be a lot more glamorous than paying bills Grin
sr. member
Activity: 434
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
I do hope he reads this thread then gives some 10 btc to each and everyone replying here. Just wishful thinking guys. He can do whatever he wants, just don't dump them in large volumes.
full member
Activity: 196
Merit: 100
if he'd sell his whole btc the bitcoin price will go down so im sure he's selling his btc one by one and this will not giving any affect to market,from his bitcoin he can buy anything he want except a planet

Yeah, he is enjoying the success of his invention and would be really happy to see the people supporting and using its invention for their benefits and earning good money out of it, he would be amazed by the support he is getting from the people across the globe.
sr. member
Activity: 468
Merit: 250
J
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.

Wow, ok let's hope he starts making more vaccines!
copper member
Activity: 924
Merit: 1007
hee-ho.
without knowing who satoshi really is and what he's into we can't tell for sure what he's going to do with his coins (if he still have them).

satoshi can choose to leave them, spend small amounts now and then or just dump the whole thing to make massive fortune (unlikely).

I can't help but suspect that the whole bitcoin community will be scared shitless if satoshi ever shows up and claims that he really does have those coins.
Pages:
Jump to: