Topic: Why would Satoshi not be dumping? - page 3. (Read 4883 times)

I'm also of the opinion that Bitcoin is likely the product of some western governmental agency or group.  Either as a hedge to fiat collapse or to destabilize authoritarian regimes by giving the general population in them a method to send and receive money outside of their local governments control.  So many countries have printed way too much money and its hard to envision anything other than collapse(Exodus to digital currency) happening at some point in the future.  So far you see a trend of Russia and China "banning" it.
If you read through all his posts he uses UK English at times but its just a smattering.  Someone did a plot of all the timestamps of his posts that pointed toward UTC -05:00 or UTC -06:00 (North American Eastern or Central Time Zones).  He is highly intelligent and his posts are clearly from someone well educated in the US/EU.  My Guess is an American that studied abroad some or a European that emigrated to the US and has been in the US for a long time.  I think its likely that the person posting was a single individual but was working with a group to produce bitcoin with a bigger picture goal than just "sticking it do da man" (banks/governments in this case).

His Writings http://satoshi.nakamotoinstitute.org/
Wikipedia http://en.wikipedia.org/wiki/Satoshi_Nakamoto

I think Satoshi's HDD crashed and he said, "F-it, I'm done with this!" 

- Maybe he will dump them and he's just waiting to become a trillionaire?
- maybe he's dead
- maybe he's just a top bloke and doesn't think it's fair to spend them?
- Maybe he sees the potential like most of us and can do more good with them in the future.

Who knows, only time will tell.

If he is individual, he probably mined much more coins then those million we know and is very rich anyway.

Someone with the ability and knowledge to create Bitcoin
Is likely already rich, so they don't need to sacrifice their anonymity for some more cash
(That said if Satoshi ever secretly released a book on the internet I would get it ^_^)

Either that or he is saving it for the day when he needs it to take over the world after we do all the foundation work for him 

Yeah, come 2020, US to China: "we owe you three hundred trillion dollars. But that would be hard for us to transport so here's your 3 bitcoins. Thanks btw!"

As what comes to Satoshi's identity

Somehow I believe that he might be individual who wanted to change the world (and already succeeded in doing so, future will make the judgement on this). I know couple of these kinds of guys and what is remarkable of them is that their principles cant be bought with money.

Other possibility which makes perfect sense is that the debt of USA is so big that I think they will do everything to wiggle out of the situation. Every born american is bonded with over 100 000 dollars of debt. Its their birth right (or weight) at the moment. And situation is just worsening. If I recall average state-loan for average family is something like 500.00 dollars! It's just sick.

If somehow the largest bagholder would be USA and their current debt is in dollars, they would just need to make sure that bitcoin (or some other crypto currency) is to succeed in future and voila, things look wholly different.

Only way to them to repay their debts is to crash the whole dollar system and invaluate the dollar and THEN make the payment.  In the meantime dollar should be replaced of course with other currency and here bitcoin comes handy. Basicly they need to do nothing, just push little behind the curtain and it happens all by itself! And at the same time they could blame it on everybody else but them=)

And when somebody has the biggest bag in bitcoin ecosystem he rules the world !

These auctions they are doing might just be theatrical while at the same time accumulating/holding in the background.

What saddens me is that I have started to think the latter option is more reasonable  

Whoa, I think I just exceeded myself in the reasoning XD

why dump and destroy his own creation when he can sell a few at a time and have a decent quality of life

+1

Anybody with half a billion probably starts worrying about their family being kidnapped. They would probably end out surrounded by bodyguards at all times. I have read stories by billionaires stating it's not a pleasant experience because of security fears. 

Since I'm back on ignore, I can only assume your question was rhetorical.

i put you off ignore for this single occasion.

i know i drank the bitcoin kool aid. guess what: that is why i am here.

how do you explain your unwelcome, stinky, non-edjucating, non-enlighting, no-good-whatsoever, fucking annoying, never slowing down, fishy, retarded, boring, un-needed appearance postings here ?

*deleted insult*

back to ignore

edit: insulting individuals is not ok. i apologize to you.

Here's your proof: Being rich is an idiot's end-game. Only people with empty brains dream of that. Satoshi is not an idiot, I am sure he already knows what really is valuable.

Could it not reveal his identity if he sold them to someone or at some exchange?

all of that could be true.

but for 80% (my opinion) nothing of this is true and he is a normal (unknown) person, who still has access to his coins.

How about you leave some kool aid for the rest of the kids?

mr nakamoto



-could have been already wealthy enough before inventing bitcoin

-could be more more than one person, which broke up/having a fight

-could have lost access to priv keys

-could have destroyed priv keys

-could be a secret service project that not even the secret service knows about and already cancelled/finished/aborted

-could be dead

-could have had an accident/sick/stroke/amnesia

-could be in jail

-could have decided to live as a hermit in the taiga

-knows what panic it could cause if he starts to move the oldest coins

-and so on....


since he created bitcoin to replace the fiat banking system, why would he dump his precious coins when fiat is weakest and his coins are strongest ? he might not be thinking in terms of fiat accumulation, but in terms of revolution. revolutionaires tend to be less corrupt then average.

I kind of hope that he burned the Bitcoins, discarded the wallets. It's possible he cares more about Bitcoin than personal wealth.

If he's some academic somewhere he may already be comfortable enough. (He must have had *some* funds to spend the time he did working on Bitcoin in the early days).

There are limits on how much you can withdraw from any of the big exchanges. Generally there is a maximum amount allowed each year. What would Satoshi dump half a billion worth of bitcoins for if he could only withdraw a million a year from each big exchange?

If satoshi dumped Bitcoin to hell his legacy would fall in ruins. He would just be one of the biggest scammers all time.

Not everyone is a materialist, some people want to be remembered and live their life in peace.

Not all humans need an isle with a mansion, you know. But you're right about the rest, he/she/they could sell a lot.